ANNUAL COMPLIANCES FOR PUBLIC LIMITED COMPANY
What is Public Limited Company?
The Public Limited Companies are classified in two that are Listed and Unlisted Public Limited Companies. A minimum of seven or more persons can start a Public Limited Company. The Public Limited Companies are bounded to follow the annual and periodic compliances. A Public Limited Company has to pay hefty fines and penalties in case of non- Compliance.
What is a Listed and Unlisted Company?
Annual Compliances for Listed Public Limited Company
|Sl.No||Particluars of Compliances||Form||Section||Due Dates|
Annual General Meeting to be conducted as per the provisions of the Act
|Form MGT-15||Section 121(1) of the Companies Act,2013||Within thirty days from date of its incorporation.|
Balance sheet, Director’s Report, Cash Flow Statement Auditor’s Report and the consolidated Financial Statement prepared in Extensible Business Reporting System (XBRL).
|Form AOC-4||As per Section 137 of the Companies Act to be read with Rule 12(2) of the Companies (Accounts) Rules, 2014.||Within thirty days of holding the Annual General Meeting or AGM|
Information about the directors and shareholders is to be filed with relevant Registrar of Companies
|MGT-7||According to section 92 of the Companies Act, 2013 to be read with Rule 11(1) of the Companies (Management and Administration) Rules 2014.||Within sixty days of the Annual General Meeting(AGM)|
|4||Adoption of Financial and Director’s Report||Form MGT-14||Section 173 read along with Secretarial Standards 1||Within thirty days from the Board Meeting|
Income Tax Returns must be filed before the Tax Department.
|Form ITR-6||On or before 30th September of the financial year|
Submission of Secretarial Audit Report along with the Board Report when: Its total Paid- up capital is equal to or crosses Rs.50 crore or Its annual turnover is equal to or exceeds Rs 250 crore.
|Form MR-3||Section 204 of Companies Act, 2013 to be read with Rule 9 of The companies (Appointment and Remuneration Personnel) Rules, 2014.||Before appointment or reappointment of The Secretarial Auditors.|
Compliances under all Rules and Regulations associated with SEBIIncludes the Listing Regulations of 2015
Listing Regulations of 2015, SEBI
Annual Compliances for Unlisted Public Limited Company:
|Sl.No||Particulars of Compliance||Form||Section||Due Dates|
Discussions related to appointment or reappointment of auditor or any such related issues.
|Section 173 of the Companies Act||At least 4 Board meeting in a year.|
Appointment of Cost AuditorIssue the Letter of Appointment to Cost Auditor and intimation to be made to Central government about its appointment
|Form CRA-2||.As per Section 148(3) along with Rule 6(2) and Rule 6(3A) of the Companies (Cost Records and Audit) Rules,2014||Original Appointment to be done within 30 days of Board Meeting or 180 days of Financial|
Return of Deposits(DPT)The Return of Deposit should be filed before the Registrar of Companies or ROC.
|Form DPT-3||As per Rule 16 of Companies (Acceptance or Deposit) Rules, 2014||30th June of every year.|
Appointment of full time or casual CEO or CS or CFO
|Form MGT-14 & Form DIR-12||According to Section 203 read with Rule 8 & 8A of the Companies (Appointment and remuneration of Managerial Personnel) Rules, 2014.||Within 30 days of the Annual General Meeting and in case of casual vacancy within 6 months.|
Annual General MeetingConducting Annual General Meeting for declaration of dividend.
|Section 96 of the Companies Act, 2013||The first Annual General Meeting is to be held within 9 months of the end of financial year.|
Special Resolution passed at Annual General Meeting
|Section 117 of the Companies Act, 2013 to be read with Rule 24 of the Companies (Management and Administration) Rules, 2014.||Within 30 days of passing the resolution.|
CSR CommitteeHold meeting and approve CSR Activities
|Section 135 of the Companies Act, 2013 read with companies(Corporate Social Responsibility Policy) Rules, 2014 & SS-1||Four Board meetings with a gap of not less than 120 days between two Board meetings.|
Director’s Disclosure Director’s need to disclose financial interest in the company.
|Form MBP-1||Section 184(1) of the Companies Act, 2013 to be read along with Rule 9(1) of the Companies (Meetings of Board and its Powers) Rules,2014.||After its appointment in first meeting.|
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