Annual Compliance for Public Limited Company

Basic Package

50000

Annual Filing for Companies with a turnover of less than or equal to Rs. 2 Crores per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services (Board meetings, Annual General Meeting, Directors Report and Annual Report) 
 

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Gold Package

70000 + Govt Fee

Annual Filing for Companies with a turnover of more than Rs 2 Crores but less than or equal to Rs. 10 Crores per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services (Board meetings, Annual General Meeting, Directors Report and Annual Report) 

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Platinum Package

90000 + Govt Fee

Annual Filing for Companies with a turnover of more than Rs. 10 Crores per annum:

  • Preparation and Filing of Annual return 
  • Preparation and Filing of Income tax return
  • Annual Compliance management 
  • Secretarial services (Board meetings, Annual General Meeting, Directors Report and Annual Report) 

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Annual Compliance for Public Limited Company

After Public Limited Company incorporation, next legal complication from ROC (Registrar of Companies) is annual compliances. It’s mandatory for all Public Limited companies to file annual compliances on time as per dates defined by ROC. Failure in filing compliance on time leads to heavy penalties on business.
As per Company Law, every Public Limited Company needs to file annual compliances. Annual compliances for Public Limited Company falls under the Companies Act of 2013 . Annual General meeting must held once a year after 6 months from the end of financial year, but for newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Financial year starts from 1st of April and ends on 31st March.

Public Limited Company Annual compliances consists of below activities

1.    Maintain Accounts and Prepare financial statements: - Mandatory at the end of each financial year
2.    Annual returns: - Once a year before 30th September. Annual return consists of information and documents that include 

  1. Filing of Financial Statements with ROC
  2. Shareholding structure of the Company
  3. Registered Office Address
  4. Maintenance of Registers
  5. Compliance Certificate from CS
  6. Register of Member
  7. Company Management
  8. Shares and Debentures details
  9. Debt and charge details
  10. Changes in Directorship
  11. Details of transfers of securities / share.
  12. Shareholding structure of the Company

3.    Income tax return: - Each Year on or before 30th of September. 
4.    Annual General Meeting: - Mandatory once a year.
5.    Board meetings: - 4 in a year, at least one every quarter.
6.    Director reports: - Mandatory once a year.
7.    Annual Filing of Forms: - Mandatory once a year.
8.    Yearly Forms by Directors: - Mandatory once a year.

Decision: - Is annual compliances must for a public limited company or good to have activities.

It’s mandatory for all public limited companies to file annual compliance and other tax related returns. Failing which will lead to heavy penalties or your Company in Defaulter list of ROC – Next step is to understand various implications.

Benefits: - 

        Avoid monetary penalties
        Build trust & brand loyalty
        Better visibility of operations
        Avoid any legal implications.
        Maintain credibility in market

Three Easy Steps for Public Limited Company Compliances

1.    Connect to Corpseed
2.    Provide necessary documents required for compliances & other filing activities.
3.   Our compliances expert will help your private limited company to complete all annual and other mandatory compliances.

Corpseed Procedure for Public Limited Company Compliances:- 

Step 1: - Corpseed received your request for Public Limited Company compliances

Step 2: - We will assign a dedicated resource who is professionally skilled in company compliances, will help you to maintain the compliance for your Public Limited Company. You can get in touch with assigned resource at any point of time for consultation and assistance regarding compliances throughout your journey with Corpseed. 

Step 3: - Our resource will help your Public Limited Company to maintain accounts and prepare financial statement for each year.

Step 4: - Our resource will collect all the required documents / information and will complete all below mentioned compliances activities for your Public Limited Company.
a)    Maintain Accounts and Prepare financial statements
b)    Annual returns
c)    Annual General Meeting
d)    Board meetings
e)    Director reports
f)    Annual Filing of Forms
g)    Yearly Forms by Directors

Step 5: - Our resource will collect all the required documents / information and file your Public Limited Company income tax return with ROC (Registrar of Companies) along with the mandatory documents after getting final confirmation from your finance team if required.

Step 6: - Our resource will help your Company in accounts audit.

Step 7: - Our resource will draft minutes of meetings, notices and will also maintain statutory register.

Step 8: - Above 7 steps completes your Public Limited Company compliances under Companies Act 2013 and SEBI (LODR) Regulations 2015.

Frequently asked questions (FAQs)

Ministry of Corporate Affairs (MCA) & The Company Act 2013

Corporate compliances are checks set by MCA and the Company Act 2013 to have an eye on company’s financial as well as operational activities.

Annual Filing, Disclosure by Directors, Drafting of Annual return, Minutes, notices, Maintain Accounts and Prepare financial statements, Annual returns, Annual General Meeting, Board meetings, Director reports, Annual Filing of Forms, Yearly Forms by Directorsand updating the Statutory Register

Yes. Heavy penalty is there in case of delay in annual filling.

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