Overview
A Public Limited Company is a corporate structure that allows public participation through shareholding and offers higher credibility in the market. However, with greater credibility comes greater responsibility. A Public Limited Company registered with the Ministry of Corporate Affairs must comply with various annual filing and regulatory requirements under the Companies Act, 2013. These compliances are mandatory irrespective of turnover, profit or business activity during the financial year.
Annual compliance includes conducting board meetings, annual general meeting, maintaining statutory registers, preparing financial statements, statutory audit, filing annual return and financial statements with the Registrar of Companies, and filing income tax return. Public Limited Companies are also required to appoint auditors, maintain proper books of accounts and comply with additional disclosure norms as compared to private companies. Non compliance can attract heavy penalties, director disqualification and even prosecution in serious cases.
Key annual ROC forms include Form AOC 4 for filing financial statements and Form MGT 7 for filing annual return. In certain cases, Form MGT 7A is not applicable to public companies and therefore Form MGT 7 must be filed. The company must also hold at least four board meetings in a year and conduct an Annual General Meeting within the prescribed time. Income tax return is filed in ITR 6. If the company is listed, additional compliances under SEBI regulations may also apply.
At BizGlobal, we provide complete annual compliance support for Public Limited Companies. Our team ensures proper maintenance of statutory records, drafting of board resolutions, conducting AGM formalities, filing Form AOC 4 and MGT 7, and income tax return filing within due dates. We help you maintain a strong legal standing, avoid penalties and focus on scaling your business with confidence.
