Day 0
Certificate of incorporation, with PAN and TAN allotted.
Books, tax and company law for your company's first years, handled every month by one team
Runway is a standing monthly service for private limited companies in their first years. We keep the books, prepare and file tax and company-law returns, run payroll and prepare the company for its statutory audit, all to a fixed monthly calendar.
A partner reviews every return
Nothing is filed without your approval
Taxes are paid from your own bank account
Your auditor is independent
The statutory clock
A new company starts on a statutory clock
From the date on its certificate of incorporation, a private limited company works to most of the deadlines a much larger company faces. Some arrive before its first invoice.
Within 30 days
First board meeting, first auditor and directors' disclosures.
Within 2 months
Share certificates issued to subscribers, with stamp duty paid.
Within 180 days
INC-20A filed once subscription money is received.
31 March
The financial year closes; audit, AGM and annual filings follow.
A company incorporated between 1 January and 31 March closes its first financial year on 31 March of the following year. Each deadline has a date for your company; the calendar below works them out.
What Runway covers each month
Books and close
Company-owned software, reconciliations, fixed assets and year-end statements ready for audit.
Tax
TDS, GST, profession tax, advance tax and the company's income-tax return.
Company law
Board and general meeting records, statutory registers and annual filings.
Payroll
Salary, payslips, payroll taxes, PF, ESI and settlements where applicable.
Audit coordination
Independent auditor introduction, audit file and timetable.
Monthly view
Cash, receivables, payables, taxes and compliance status in one view.
First-Year Compliance Calendar
Every deadline in your company's first year, dated
Enter your incorporation date and four details. See your next three deadlines now, and get the full calendar by email with a file for Google Calendar or Outlook.
For private limited companies. Running an OPC or an LLP? Ask us for its calendar.
Get the full calendar
Every date to your first annual return, a calendar file for Google Calendar or Outlook, and the Runway brochure.
How a month runs
Every filing has a fixed date. You approve before anything is filed, and taxes are paid from the company's own bank account.
| Date | What happens | Who |
|---|---|---|
| 1st | Data request for the previous month | VPRP |
| By the 5th | Invoices, bank statements, bills and payroll inputs | You |
| By the 7th | TDS deposited on our challan; 30 April for March | Both |
| 10th working day | Books closed and reconciled | VPRP |
| By the 11th | GSTR-1 after your approval; 13th if quarterly | VPRP |
| By the 15th | Profession tax, PF and ESI where due | Both |
| By the 20th | GSTR-3B and GST; 22nd if quarterly in Maharashtra or Gujarat | Both |
| By the 25th | Your one-page monthly summary | VPRP |
Both means VPRP prepares and files; the company pays from its own account. Quarterly dates apply to eligible companies in Maharashtra and Gujarat, with GST for the first two months paid by the 25th.
Every quarter
TDS statements; advance-tax instalments; board meetings; TDS certificates to vendors.
Every year
Audit and financial statements; AGM; annual company-law filings; income-tax return; DPT-3, MSME-1 and director KYC where due.
Your first 60 days with us
Onboarding starts the week you sign. Within two months the company is registered, its first statutory steps are done and the monthly cycle is running.
Week 1 · Set-up
Engagement letter, KYC, portal access, custody of digital signatures and accounting software in the company's name.
By day 30 · First board meeting
Notice, resolutions and minutes; the Board appoints the first auditor and records directors' interests.
Weeks 2–6 · Registrations
Udyam, shops and establishments, profession tax and GST where needed.
By day 60 · Share certificates
Certificates issued with stamp duty paid and the register of members written up.
Once capital is received · INC-20A
Filed after subscription money reaches the bank, within the statutory 180 days.
From the first transaction
The monthly data, approval and filing cycle begins, with a calendar to 31 March.
What we need from you
- Certificate of incorporation, memorandum and articles
- PAN and TAN letters
- Bank details and the statement showing subscription money
- Directors' digital signature certificates
- Registered-office utility bill and the owner's no-objection certificate
- A note on what the company sells, buys and plans to hire
Launch, Build or Scale
Every configuration carries the full scope. Only monthly volume changes.
Launch
Pre-revenue and early trading · up to 50 entries · up to 5 employees · one GST registration.
Build
Regular sales and a small team · up to 150 entries · up to 15 employees · one GST registration.
Scale
Growing volumes or a second state · up to 400 entries · up to 40 employees · up to two GST registrations.
Download the Runway brochure
Eight pages covering the monthly scope, first 60 days, working rhythm and configurations.
Five commitments
Partner review
A partner reviews every return before it is filed.
Your approval
Nothing is filed without the company's approval.
Your bank account
Taxes and statutory payments are paid from the company's own account.
Independent audit
The Board appoints an independent auditor; VPRP prepares the audit file.
Company-owned records
Accounting software and records remain in the company's name and open to its auditor.
After Runway
A funding round, bank facility or higher volumes bring management reporting, cash-flow forecasts, budgets and board packs. Our Virtual CFO service provides these through a Managed Finance Office, with the same team and books.
Frequently asked questions
Who is Runway for?
Private limited companies from incorporation through their first years, until a funding round, bank facility or higher volumes call for Virtual CFO.
Will VPRP be our statutory auditor?
No. Section 144 of the Companies Act, 2013 bars a company's auditor from keeping its books. The Board appoints an independent auditor; VPRP prepares the audit file.
Do we need GST from day one?
Only after the applicable threshold or in a compulsory-registration case such as inter-state sales of goods. In Maharashtra and Gujarat, the threshold is Rs 40 lakh for a business supplying only goods and Rs 20 lakh for one supplying services. Once registered, returns are due even without sales.
Our company is the Indian subsidiary of an overseas group. Is Runway right for us?
Usually the India Finance Office fits better because group reporting and foreign-exchange filings start from day one.
Is the software in our name?
Yes. It is licensed to the company, so records remain the company's and open to its auditor.
What does it cost?
The monthly fee depends on the configuration. It is set out in a written proposal after a first conversation and confirmed in the engagement letter.
Start with a conversation
Tell us what the company does and the invoices and hires expected in its first year. We will send the written proposal, configuration and fees.
