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Annual Compliance of public limited company (Non XBRL)
All About Compliance of Public Limited Company (Non-XBRL)
Compliance is to be done in adherence to the laws, regulations,
guidelines as stated by the Companies Act, 2013. The Registrar of Companies,
i.e. ROC is the sector of the Ministry of Corporate Affairs that handles the
compliance of every company that falls under its jurisdiction. Balance sheet
& Profit & Loss account is required to be prepared at the end of
financial year is mandatory to get his accounts to be audited by CA.
In addition to
MCA annual return, companies must also file income tax return irrespective of
income, profit or loss.
Auditor’s Appointment
Within 30 days of incorporation of the company, it needs to appoint an
auditor (a chartered accountant) for auditing the financial documents and
statements.
Meetings of Board
Atleast 4 meetings or 2 Meetings (in case of small company) of the board
of directors to be conducted quarterly in an every financial year.
Holding of Annual
General Meeting
Annual General Meeting of a newly incorporated company should be held
within 18 months from the date of registration or 9 months from the date of
closing of the financial year, whichever is earlier. Thereafter Annual
General Meeting should be held within 6 months from the end of that financial
year.