What is Annual Compliance Filing?

Annual Compliance Filing is a regular update to the Govt. proving that the entity is conducting its business following the Companies Act, 2013. It has a few essentials like: A Board Meeting of the Director(s) Annual General Meeting Appointing an Auditor Annual Registrar of Companies (ROC) filing Income Tax Compliance

What are the penalties /consequences for late or non-filing of Annual Return?

Late filing – Daily penalty of Rs 100 up to maximum Rs 5 Lac Non-filing – In case of non-filing for three financial years at a row will cause the exclusion of Directors.

What are the required documents in the Annual Compliance process?

For filing an Annual Compliance, the required documents are - Directors’ Board Meeting minutes, profit & loss balance sheet, conclusions from Annual General Meeting, Audit report, DSC of the Directors, and incorporation documents (PAN Card, Certificate of Incorporation).

When and where the AGM can be conducted?

The AGM should be conducted during the business hours of the company and the AGM should be held in the registered office of the entity or in the same jurisdiction area in which the registered office of the entity is located.

Can the board meeting be held through video conferencing?

Yes. The board meeting can be conducted on an online audio-visual platform like a video conference in any other forms.

Public Limited Company Registration Process

Annual Compliance for Public Limited Company (PLC)

By Online Legal India Published On 01 Mar 2021 Updated On 06 Jan 2025 Category Compliance

A Public Limited Company is a business structure that offers shares to the general public and has Limited Liability with a minimum of 3 Directors and a minimum of 7 members.

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.

If you are willing to know more about the Annual Compliance to Incorporate a Public Limited Company then keep reading.

Annual Compliance for Public Limited Company

Following are annual compliance of a Public Limited Company:

Annual Return in Form MGT-7 regarding the latest information about the directors and shareholders of the public limited company
Financial Statements in Form AOC-4 to be filed with the Balance Sheet, Profit and Loss Account, Directors' Report, Cash Flow Statement, Auditor's Report, and the Consolidated Financial Statement
Declaration of Commencement of Business
Income Tax Returns
Hold Annual Meeting
Appointment of the Auditor
Secretarial Audit Report in Form MR-3
Annual Compliances under all Rules and Regulations associated with SEBI
Form MGT-14 for Adoption of Financials and Director's Report
Form MGT-15 regarding an exclusive report on the Annual General Meeting (AGM) of the company.

What are the forms required to be filed for Annual Compliances?

Form MGT-7: Public Limited Company shall file its Annual Return within 60 days from the date of holding of Annual General Meeting (AGM).

Form AOC-4: Public Limited Company shall file its Balance Sheet together with a statement of Profit and Loss Account and Director Report within 30 days from the date of holding of Annual General Meeting (AGM).

What is the due date to file forms?

On or before 30th April of immediate next Financial Year.

How can we help you?

These compliances can be made online you can file your application online on the official website of Online Legal India™. Our expert team of highly qualified CA/CS and 10+ years of experienced lawyers would assist you to comply with the legal filings of Public Limited Company. We have budgeted services for those who are willing to venture into a company, business or any other kind of organization.

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