ICAI Releases Handbook on Key Compliances and Exemptions for Private Limited Companies under Companies Act, 2013 [Read Order]

The Institute of Chartered Accountants of India ( ICAI ) has released a comprehensive “Handbook on Key Compliances and Exemptions for Private Limited Companies under the Companies Act, 2013”.

The handbook released in the month of February, 2026, provides guidance to professionals, corporate stakeholders, and compliance officers dealing with regulatory obligations applicable to private companies in India.

The publication, prepared by the Corporate Laws & Corporate Governance Committee of ICAI, tried to consolidate scattered regulatory provisions, exemptions, and compliance requirements into a practical reference document to support better corporate governance and compliance management.

As of 31 December 2025, India had over 30.3 lakh registered companies, of which around 20.14 lakh were active, and nearly 96.31% of these active companies were private limited companies.

The ICAI observed that these entities form the backbone of the formal business sector, driving entrepreneurship, innovation, employment generation, and economic growth.

A major portion of the handbook focuses on incorporation procedures and regulatory filings required to establish a private company. It outlines the step-by-step process through the MCA’s SPICe+ system, which integrates multiple approvals and registrations in a single electronic filing.

The guide explains key stages including obtaining Digital Signature Certificates (DSC), reserving a company name through SPICe+ Part A, and completing incorporation through SPICe+ Part B (INC-32) with supporting forms such as e-MOA (INC-33), e-AOA (INC-34), and AGILE-PRO-S (INC-35).

Also read: ICAI Notifies One-Year Removal of Chartered Accountant Following Delhi HC Order [Read Notification]

These filings simultaneously enable the allotment of Director Identification Numbers (DIN), PAN, TAN, and other statutory registrations, after which the Registrar of Companies issues the Certificate of Incorporation (COI) upon approval.

ICAI also included the practical compliance trackers covering post-incorporation requirements, annual filings, and statutory registers that companies must maintain under the Act. This book is designed as a practical ready-reckoner for chartered accountants, company directors, compliance professionals, and corporate advisors, stated i

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates