Today we will discuss all the Company Compliance to be done before 31st march 2015, Applicability of Compliance in private and public limited company, what are the compliance to be done and the due date for various compliance. In this blog we will discuss the Public limited and Private limited year end compliance
| Sr. No. | Type of Companies | Criteria of applicability | Company Compliance required | Due date for company compliance |
| 1. | Public Company | Having Paid up cap more than 10 CR or turnover equal to or more than 100 CR or Outstanding Loans, Debentures and Deposits exceeding 50 CR | required to appoint at least 2 independent Director on their Board | 31.03.2016 |
| 2. | Public Company | Having Paid up cap more than 10 CR or turnover equal to or more than 100 CR or Outstanding Loans, Debentures and Deposits exceeding 50 CR | shall require to have Audit Committee consisting of 3 Director with at least 2 independent Director | 31.03.2016 |
| 3. | Public Company | Having Paid up cap more than 10 CR or turnover equal to or more than 100 CR or Outstanding Loans, Debentures and Deposits exceeding 50 CR | shall require to have Nomination and Remuneration Committee | 31.03.2016 |
| 4. | Public Company | Having Paid up cap more than 10 CR or turnover equal to or more than 100 CR or Outstanding Loans, Debentures and Deposits exceeding 50 CR | shall require to have Stakeholder Committee | 31.03.2016 |
| 5. | Public Company | Having Paid up cap more than 10 CR or more | shall require to have Whole time KMP that isa) MD/CEO/Manager and their absence Whole Time Director b) Company Secretary c) Chief Financial Officer | 31.03.2016 |
| 6. | Pvt Limited and Public Ltd | Having Paid up Capital of 5 Crore or more | Appointment of whole time CS | 31.03.2016 |
| 7. | All Companies | If Company has taken the Loan / Deposit from members and relatives of Directors and members | the same is to be repaid before 31.03.2015 | 31.03.2016 |
| 8. | All Companies | No Specific Criteria hence apply to all companies | Maintain all statutory register in new forms given under rules | 31.03.2016 |
| 9. | All Companies | Every company having net worth of rupees five hundred crore or more, orturnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year | Company is required to have CSR Committee and needs to spend 2% of average profit in social activity | 31.03.2016 |
| 10. | Listed or other prescribed companies | Listed or other prescribed companies having turnover or profit or net worth criteria | Appointment of women director | 31.03.2016 |
| 11. | All Directors or Companies | Where Director is director of more than 20 companies | Directorship has become limited to 20 Companies hence to resign from other Companies and Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten. | 31.03.2016 |
| 12. | All Companies | If there are violation of provisions of Loan to Directors u/s 185(Loan or Guarantee given to director or relative or director or any company in which director is director or member is prohibited) | The Company has to make necessary Compliances to make sure that reverse the transactions | Check immediately |
| 13. | All Companies | Which has share application money pending allotment | All companies cannot hold the money more than 60 days of its receipt and has to allot shares otherwise the money shall be treated as Deposit and the Company has to intimate the same in form 5INV. | Plan immediately |
| 14. | All Companies | If Company has Joint Venture Partner, Associate Company (where Company holds 20% or more stake in other Company), or subsidiary Company | Consolidation is mandatory for its subsidiary, associate and Joint Venture | Plan before 31.03.2016 |
| 15. | All Companies | Preparation of Financial statement | It has to be in accordance with provisions of new Act | Plan before 31.03.2016 |
| 16. | All Companies | If Cost audit or Cost records rules are apply | It is preferable to contact with any Cost Accountant to know about the applicability and its compliance | 31.03.2016 |
| 17. | All Companies | Filing of various documents | Make sure that the Company has filed documents related to1. Balance sheet2. Profit & Loss3. Annual Return4. Auditor appointment5. Disclosure of Interest6. Board Resolution for approval of accounts7. Resolution for investment / borrowing8. Return of Deposit9. Any other event happened during the year | No document is allowed to file after 270 days of due date otherwise the Company has to approach CLB for condonation of delay |
