ANNUAL COMPLIANCES OF PUBLIC LIMITED

As per section 2(71) of the Companies Act 2013, annual compliance for a public limited company must be carried out in compliance with the requirements of the registrar of companies and the Ministry of Corporate Affairs.

A public company is understood as a company that offers its share to the public. Any company which is a subsidiary of a public company would also be deemed to be considered a public limited company.

MAIN REGULATORY AUTHORITY FOR ANNUAL COMPLIANCE

The primary regulatory authority for annual compliance for public limited companies is the ministry of corporate affairs and the registrar of companies.

 

BENEFITS OF PUBLIC LIMITED COMPANY ANNUAL COMPLIANCE

 

  1. REPUTATION: By complying with the requirements of the registrar of companies and the ministry of corporate affairs, the public limited company and partners will increase their reputation in the public limited. More investors would be willing to invest in a public limited company that complies with the requirements of the law.

 

  1. COMPLIANCE: By filing all compliances within the period, the public limited company would be free from any form of compliance requirements.

 

  1. LESS BURDENS: By complying with the requirements of the authorities, the public limited company would face lesser burden when it comes to requirements. It can be detrimental to the development of the public limited company. Hence it is crucial that all the requirements related to compliance are followed by the partners of the public limited company.

ANNUAL RETURNS FOR PUBLIC LIMITED COMPANY

 

 

DOCUMENTS REQUIRED FOR ANNUAL FILING OF COMPANY

 

  • Incorporation certificate of the public limited company
  • PAN card
  • Certification of incorporation of the public limited company
  • Financial statements of the public limited company
  • An independent auditor must audit financial statement
  • Audit report and board report of the public limited company
  • Independent auditor’s report and board report must be concerned
  • DSC of directors (Digital signature certificate of the directors)
  • Accurate and active DSC of one of the directors must be provided and presented

 

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