Compliance for Unlisted Public Limited Company Act, 2013

Unlisted Public Limited Company and its Compliance Section 2(71) of the Companies Act, 2013 explained a Public Company. A unlisted public limited company is an organization that provides shares to the ordinary public and has restricted liability with at least 3 directors and min 7 people.

The Unlisted Company Specified As:

• For the ordinary public, the shares of the unlisted public company are not present.
• It is however not present on any stock exchange.
• An unlimited number of shareholders to raise capital for the organization will be provided through the unlisted company.

Note: A company that comes under the public company will be considered as a subsidiary company for this act despite where this subsidiary continues to be a private limited company in this post.

Compliances for Unlisted Public Company:

S.No	Particulars of Compliance	Section and Rules	Form No.	Due Dates
1	Board Meetings	Section 173, Companies Act, 2013		4 Board Meetings in a year should be there
2	Appointment of Auditor	Section 139, Companies Act, 2013	ADT-1 Form	In 30 days of the start of the organization.
3	Return of Deposit	As per Rule 16 of companies (Acceptance of Deposit) Rules, 2014	DPT-3	30th June of every year.
4	Director’s Disclosure	Section 184(1)of the companies Act,2013 to be read with Rule 9(1) of the Companies (Meetings of Board and its Powers) Rules, 2014	Form MBP-1	Subsequent to theappointment in the first meeting.
5	Annual General Meeting	Section 96 of the Companies Act, 2013		In 9 months of the finish of the fiscal year the 1st yearly General Meeting is to be carried
6	Annual Return	Section 92 of the Companies Act, 2013	MGT-7 annual return form	To furnish the yearly Return in a period of 60 days from the date of holding the AGM.
7	Financial Statements	Section 134 of the Companies Act, 2013	due dates for filing forms AOC-4	To file Balance Sheets along with a statement of Profit and Loss Account and Director’s Report in 30 days of the holding date AGM.
8	Appointment of CEO or CFO or CS	Section 203 read with Rule 8 & 8A of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014	Form MGT-14 and Form DIR-12	In 30 days of the AGM and if there is a casual vacancy in 6 months.
9	Commencement of Business (If the Company is incorporated on/after 2nd November 2018	Section 10A	Form 20A	The form must be filed 180 days from the start date.
10	KYC of Directors		Form DIR-3 KYC

• Need for Secretarial Audit Report
• Public organizations who own the paid-up share capital of equivalent or exceeds 50 crores.
• There will be a need to take the secretarial audit report in Form MR-3 from exercising Company Secretary by every public company who has a turnover of Rs 250 cr.

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