So long as a corporation starts, it is a legitimate entity under the rules. It’s got its own name and land. It is a different legal body, and is separated from its leaders, and integrates it. On establishment, all business organizations functioning in India are expected to file a business report for the timely enforcement of the respective separate laws for which they have registered themselves with the relevant government agencies in conjunction with the provisions of the relevant act and other reasonable rules there in Non filing or late filing of documents attracts penal provisions.