Annual Compliances of Public Limited Company

Last Updated On: July 30, 2021, 11:14 p.m.
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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?

Listed Company

  • A listed Company is explained in Section 2(52) of the Companies Act, 2013.
  • A listed company means a company has its securities listed on any recognized Stock Exchange.
  • A listed Companies shares can be traded in the stock exchange.
  • A listed Company is recognized as a Public Limited Company because it makes an Initial Public Offering or IPO to sell its shares to the public and to get capital in return.

Unlisted Company

  • An unlisted Company has not been explained in the Companies Act, 2013.
  • An unlisted Company can be a Public Limited Company or a Private Limited Company.
  • The shares of the unlisted companies are not available for the general public.
  • An unlisted Company is not listed in any stock exchange because it does not have any limited number of shares.
  • An unlisted Company can have an unlimited number of shareholders for raising capital for any commercial venture.

 

Annual Compliances for Listed Public Limited Company

Sl.No Particluars of Compliances Form Section Due Dates
1

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.
2

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
3

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
5

Income Tax Returns must be filed before the Tax Department.

Form ITR-6    On or before 30th September of the financial year
6

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.
7

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
1.

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.
2

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
3

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.
4

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.
5

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.
6

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.
7

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.
8
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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