The Event-Based Compliances are the compliances that are mandator to be complied with on happening of a particular event and then required submitting of all information to the Registrar of Company. These event-based compliances relate to any unforeseen tasks, occurrences, or new dimensions of a company.
The event-based compliances in a company are generally one-time requirements by the concerned laws or are desirable to remain legal perfect, and protected and should be taken care of by the directors of the Company. These compliances should be notified to concerned authorities or ROC within a specific period of time after the occurrence of such event or any change made.