A public limited company formed under the Companies Act of 2013 with at least three directors and seven members. A public limited company has the right to sell stock to the general public. Because public funds are involved, annual compliances become the primary public accountability for the company's operations. According to the ROC's deadlines, all Public Limited Companies must file yearly compliances on schedule. The company faces penalties if it fails to file compliance on time.
Compliance with company law is a legal requirement for all company, and it promotes openness. Consistent compliance improves the company's trust.
Two of the company's directors must sign the Annual Return.
Before the deadline, which is the 30th of September every year.
Non-filing will result in additional fees and penalties.
Compulsory audit required under Companies Act, It is required regardless of the company's capital or turnover.