The Event-Based Compliances are those mandatory compliances which are other than the usual and mandatory annual and periodical compliances made by the organization with ROC and other administrative authorities.
Event-Based compliance is generally a one-time requirement that must be taken care of by the director of the company within a certain period after such change, addition or removal.
Company law provides legal compliance that are required to be followed by every company like reporting of financial results, reporting of changes in management, maintenance of statuary registers, auditing of accounts etc.