Annual Filing of Public Limited Company​

Understanding Annual Compliance for Public Limited Companies

Managing the annual compliance for a Public Limited Company in India requires meticulous attention to detail and an in-depth understanding of the Companies Act, 2013. "E Accountax Manager - Your Virtual CFO" offers comprehensive compliance services that ensure your Public Limited Company adheres to all legal requirements, safeguarding your business from potential penalties and enhancing its credibility

Various Annual Compliance Requirements for Public Limited Companies:

• Appointment of Auditors:

  First Auditor: Appointed by the Board of Directors within 30 days of incorporation. Failure to comply can result in penalties.

  Subsequent Auditor: Appointed at the first Annual General Meeting (AGM) and remains in position until the sixth AGM. Filed using Form ADT-1.

• Annual General Meeting (AGM):

  Public Limited Companies must hold their AGM by 30th September each year. A notice of at least 21 days is required, during which the financial statements and other key company matters are presented to shareholders.

• Board Meetings:

  A minimum of four board meetings are required each financial year, with the first board meeting to be held within 30 days of incorporation. The gap between any two meetings should not exceed 120 days.

• Director Disclosures:

  Directors must annually disclose their interests in other entities using Form MBP-1 during the first board meeting.

• Filing of Financial Statements (Form AOC-4):

  Financial statements, including the balance sheet, profit & loss account, and other necessary documents, must be filed with the Registrar of Companies within 30 days of the AGM.

• Filing of Annual Return (Form MGT-7):

  The annual return, detailing the company’s shareholding structure, directors, and other key information, must be filed within 60 days of the AGM.

• Director KYC (DIR-3 KYC):

  Directors must complete their KYC annually. Failure to do so will deactivate their Director Identification Number (DIN), affecting the company’s compliance ability.

• Additional Regulatory Disclosures:

  Public Limited Companies are often subject to additional disclosures and compliance requirements, such as SEBI regulations, which must be adhered to diligently.

Why Annual Compliance is Crucial for Public Limited Companies:

• Legal Compliance: Adherence to the Companies Act, 2013, and other regulatory requirements is non-negotiable for Public Limited Companies, with severe penalties for non-compliance.

• Investor Relations: Consistent compliance and transparent reporting are crucial for maintaining investor confidence and attracting new investments.

• Market Reputation: Regular compliance enhances the credibility of your company, making it more attractive to customers, investors, and partners.

• Risk Mitigation: By staying compliant, your company avoids legal risks, ensuring smooth operations without interruptions.

Why Choose "E Accountax Manager - Your Virtual CFO"?

• Expert Compliance Solutions: Our team has extensive experience in managing the complex compliance requirements of Public Limited Companies.

• Tailored Services: We customize our services to meet the specific needs of your company, ensuring full compliance with all statutory requirements.

• Cost-Effective: Our services are competitively priced, offering exceptional value without compromising on quality.

• Comprehensive Support: From regulatory filings to meeting documentation, we provide end-to-end compliance support, allowing you to focus on business growth.