Public Limited Company Compliance in India

After the public limited company registration is complete, your legal obligations as a business owner begin. These obligations come in a form of compliance that is needed to be taken care of. The compliances are forms that you have to fill and submit to the Registrar of Companies and they are needed to be done within the prescribed time. Failure to comply with these compliances can cause the public company owner to pay heavy penalties.

Eligibility Criteria for Annual Compliance for Public Limited Company in India

If your business entity is registered as a Public Limited Company or PLC, then as per Companies Act 2013, you are required by law to file the annual compliance for a public limited company. The only eligibility criteria here is to be a public limited company.  

Documents Required for filing Public Limited Company Compliances in India

The documents and information required for public limited company compliance are the following:

1. Financial statements of the financial year
2. Shareholding structure associated with the PLC
3. Address of the registered office
4. A maintained register of the company
5. Compliance certificate from the Company Secretary
6. Member Registration Details
7. Details regarding the company management
8. Details regarding the shares and debentures of the company
9. Debt and Charge details of the company
10. In case of event-based compliance, if there is a director change, then the details pertaining to the changes are needed.
11. In event-based compliance, if there is an event related to share transfer, then the details of the same are needed as well.
12. Shareholding structure of the company.

Process for filing Annual Compliance for Public Limited Company in India

Falling under the Companies Act 2013, the annual compliance for a public limited company consists of the following:

1. A maintenance and preparation of all the financial records that are needed to be submitted to the Registrar of Companies on an annual basis
2. Filing the Annual returns in the MGT-7 form
3. Filing for certification of Annual Return form MGT-8. 
4. Income tax returns on the annual basis
5. A secretarial Audit report in form MR-3
6. The annual compliances that are under the rules and regulations associated with SEBI
7. Annual General meeting report in form MGT-15
8. Event Based Annual Compliances
9. Adoption of Financials and Director’s report in the MGT-14 form.

There are other compliances that are same as that of a private limited company compliance.You can understand more about them here. 

Our Assistance to file the Annual Compliance for Public Limited Company in India

We, at Registrationwala provide end to end solutions for filing Annual Compliance for Public Limited Company. Our services include:

·         Collection of information and starting the process

·         Creating the first compliance draft

·         Reviewing the draft and making changes if necessary

·         Filing the compliance

Registrationwala.com is a leading legal consultancy firm providing the comprehensive services relating to Annual Compliance for Public Limited Company.

If you’re lagging behind on annual compliances for your PLC, now may be your only chance to file it properly. Reach out to Registrationwala and start the process right now.