Annual Compliances for Public Limited Company in India

Annual Compliances for Public Limited Company in India (As Per Companies Act 2013 & Other Laws)

A Public Limited Company (PLC) in India is a corporate structure that offers the benefits of limited liability while allowing the company to raise capital from the public by issuing shares. However, with these privileges comes a comprehensive set of legal compliances under multiple laws like the Companies Act, 2013, Income Tax Act, 1961, GST Act, and Labour Laws (PF & ESI).

Failure to meet these compliances can result in hefty penalties and legal consequences. This guide covers the key annual compliances applicable to a Public Limited Company in India along with due dates and penalties.

❊ Annual Compliances Under Companies Act, 2013

Compliance	Description	Form	Due Date	Penalty for Delay
Board Meetings	Minimum 4 meetings every year	Minutes maintained	Quarterly	₹25,000 for officers in default
Annual General Meeting (AGM)	Approve financials, dividend, auditor	N/A	30th Sept (within 6 months from FY end)	₹1 lakh + ₹5,000/day
Annual Return	Filing company’s return	MGT-7	Within 60 days from AGM	₹100 per day
Financial Statements	Filing audited balance sheet & P/L	AOC-4	Within 30 days from AGM	₹100 per day
Director KYC	Verification of DIN details	DIR-3 KYC	30th September every year	₹5,000 per director
Auditor Appointment	Intimation of statutory auditor	ADT-1	Within 15 days from AGM	₹300–₹600 per day

❊ Annual Compliances Under Income Tax Act, 1961

Compliance	Description	Due Date	Penalty
Income Tax Return (ITR-6)	Filing corporate tax returns	31st October (non-audit) / 30th Sept (audit)	₹5,000–₹10,000
Tax Audit Report	Filing audit report under Section 44AB (if turnover exceeds limits)	30th September	₹1,50,000 or 0.5% of turnover
TDS Return Filing (Quarterly)	Quarterly TDS statements	31st July, 31st Oct, 31st Jan, 31st May	₹200/day (Sec 234E), ₹10,000–₹1 lakh (Sec 271H)

❊ Annual GST Compliances

Compliance	Description	Form	Due Date	Penalty
Monthly/Quarterly GST Returns	Filing GSTR-1, GSTR-3B	GSTR-1, GSTR-3B	11th & 20th of next month (monthly) / QRMP dates	₹50/day
Annual GST Return	Summary of yearly GST data	GSTR-9	31st December following the FY	₹200/day (₹100 CGST + ₹100 SGST)
GST Audit (if applicable)	Audit if turnover exceeds ₹5 crore	GSTR-9C	31st December	₹25,000–₹1 lakh

❊ PF & ESI Compliances

Compliance	Description	Due Date	Penalty
PF Return Filing	Monthly ECR filing & payment	15th of every month	₹5,000–₹25,000
PF Annual Return	Annual consolidated PF filing	30th April	₹1,000–₹5,000
ESI Return Filing	Half-yearly returns	11th Nov & 11th May	₹5,000–₹10,000

❊ Consequences of Non-Compliance

Non-compliance with annual legal requirements can lead to:

Monetary penalties (daily fines and lump sum penalties)
Disqualification of directors
Legal prosecution of company officers
Freezing of company bank accounts
Cancellation of company’s registration

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At least 4 board meetings in a financial year, with a maximum gap of 120 days between two meetings.

Within 6 months from the end of the financial year, before 30th September.

Form MGT-7 is used for filing the company’s annual return.

Form AOC-4 must be filed within 30 days from the AGM date.

Yes — via Form DIR-3 KYC before 30th September each year.

By 30th September (if audited) or 31st October (non-audit cases).

A late fee of ₹50 per day (₹25 CGST + ₹25 SGST) is applicable.

Yes — if turnover exceeds ₹5 crore in a financial year.

₹200 per day under Section 234E and ₹10,000 to ₹1 lakh under Section 271H.

Monthly PF ECR filing is due by the 15th of the following month.

Yes — twice a year (11th May & 11th Nov).

To inform the ROC about the appointment or reappointment of the auditor.

Yes — in certain cases, especially when raising capital or passing special resolutions.

No — GSTR-9 cannot be revised once filed.

Yes — penalties for each delayed or missed compliance can accumulate.

At least 3 directors.

Only if turnover exceeds ₹1 crore (business) or ₹50 lakh (profession) — or as per latest finance act updates.

₹100 per day of default.

Generally not recommended unless turnover is within prescribed limits.

By engaging professional compliance consultants and using compliance management software.

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