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Public Ltd. Complainces

🏛️ Compliances for Public Limited Companies in India

Public Limited Companies enjoy access to capital markets and greater visibility, but they also operate under stringent regulatory supervision. These companies are governed by the Companies Act, 2013, SEBI regulations (if listed), and other financial and tax laws.

Staying compliant isn’t optional—it’s essential for trust, credibility, and smooth operations.

📌 ROC & Statutory Compliances (Companies Act, 2013)

Public companies have more rigorous statutory responsibilities than private companies. Key requirements include:

  • • Board Meetings
  • At least 4 Board Meetings every year with a maximum gap of 120 days between two meetings.
  • • Annual General Meeting (AGM)
  • Must be held within 6 months of the end of the financial year and not later than 15 months from the previous AGM.
  • • Filing of Annual Return – MGT-7
  • Details of shareholding, directorship, and company structure. Filed within 60 days of the AGM.
  • • Filing of Financial Statements – AOC-4
  • Audited financials must be submitted to the Registrar within 30 days of the AGM.
  • • Director KYC – DIR-3 KYC
  • All directors must update their KYC annually.
  • • Disclosure of Interest – MBP-1
  • Every director must disclose their interests in other companies at the first board meeting of the financial year.
  • • DIR-8
  • Declaration by directors regarding non-disqualification.

📈 SEBI & Listing Compliances (For Listed Public Companies)

If your company is listed on a stock exchange, SEBI imposes additional disclosure and governance requirements:

  • • Quarterly Financial Results (Reg. 33)
  • Must be submitted within 45 days from the end of each quarter.
  • • Corporate Governance Report (Reg. 27)
  • Quarterly report submission.
  • • Shareholding Pattern (Reg. 31)
  • Filed quarterly, within 21 days from the end of the quarter.
  • • Annual Report & Secretarial Compliance Report (Reg. 24A)
  • Annual filings to ensure transparency and good governance.
  • • Intimations for Board Meetings, Outcome, and Press Releases (Reg. 30)
  • Timely disclosures for material events.

💼 Income Tax Compliances

  • • Income Tax Return (ITR-6)
  • Filed annually, whether or not the company made profits.
  • • Tax Audit
  • Mandatory if turnover exceeds limits prescribed under Income Tax Act.
  • • TDS Deduction & Return Filing
  • If your company deducts TDS, file quarterly returns (Form 24Q, 26Q, etc.).
  • • Advance Tax
  • Payable quarterly if total liability exceeds ₹10,000 in a year.

🧾 GST Compliances (If Registered)

  • • GSTR-1 & GSTR-3B
  • Regular monthly/quarterly GST returns based on turnover.
  • • GSTR-9 & GSTR-9C (Annual Return & Reconciliation)
  • Required for companies with turnover above ₹2 crore.
  • • E-Invoicing & E-Way Bills
  • Based on applicable turnover thresholds.

🧾 Audit & Other Compliances

Compliance Type
Applicability
Statutory Audit
Mandatory for all companies
Secretarial Audit
Applicable if paid-up capital > ₹10 crore or turnover > ₹50 crore
Internal Audit
Based on turnover/net worth thresholds
Cost Audit
Required for specific industries (manufacturing, pharma, etc.)
CSR Compliance
If turnover > ₹100 crore or net profit > ₹5 crore (CSR spending + reporting)

⚠️ Why Compliance Matters

Failing to comply with statutory norms can lead to:

  • Heavy penalties and fines
  • Disqualification of directors
  • Investor distrust and reputational damage
  • Legal action and suspension from stock exchanges (if listed)

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