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.
| Requirement | Explanation | Timeline |
| Registered Office | PLC must have registered office capable of receiving communication | - |
| Company Merchandise | All business letters, envelopes, invoices, etc. should have:
|
- |
| 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. |
- |
| Auditor Appointment |
|
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 |
|
Within 30 days from AGM |
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