Being Compliant To The Rules That Have Been Set Up By The Companies Act Is Important For You If You Want To Make Sure That You’re Standing As A One Person Company Is A Good One. To That End, You Need To File Some Compliance On An Annual Basis.
If You Are Not Compliant, Not Only Our Company Will Lose A Legal Standing, It Will Also Be Penalized. These Penalties Are Of Varying Nature. While You Might Want To Defer The Compliances Because Of The Initial Axed-Nature Of The Penalties, As Time Goes By And If You Are Still Not Compliant, The Intensity Of The Penalties Will Increase.