A PLC business model is a preferred way of a common way of conducting business in India mainly because it restricts liability, commands and funding avenues, etc. However, it is also heavily regulated as the Government acts as a custodian of the benefits of the shareholders.

FY: Financial year i.e. from 1st April of one year to 31st March of the consequent year

Requirement Explanation Timeline
Registered Office PLC must have registered office capable of receiving communication -
Company Merchandise All business letters, envelopes, invoices, etc. should have:

  • Full name of PLC
  • Corporate Identification Number [CIN]
  • Registered office address
  • Contact details – telephone number & e-mail id
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MOA The name of the nominee should be included in the MOA -
Board Meetings (BM) First: To record PLC's incorporation certificate, seal, directors’ disclosures, etc.
Other BMs: A Company is required to conduct atleast 4 meetings and the maximum gap between two meetings shall not be more than 120 days.
60 days
Annual General Meetings (AGM) First AGM must be held within 9 months from the close of the first financial year (FY)
Subsequent AGMs: Within 6 months from the closing of the financial year, provided that the gap between two AGM’s shall not be more than 15 months.
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Auditor Appointment
  • The first appointed auditor holds office until the first AGM
  • The appointed auditor shall file Form ADT-1
Within 30 days from the date of Incorporation
Director Disclosures Declaration of interest in other companiesin Form MBP-1 and disclosure of non-disqualification by all Directors in Form DIR-8 First BM of every FY
Financials
  • Annual returns in Form MGT-7
  • Audited Financial Within 60 days from AGM
  • Financial Statements including Balance Sheet and P&L
Within 30 days from AGM

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