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Compliance for the Public Limited Company

Dhiraj Bagri (Manager - Finance & Accounts) (174 Points)

10 September 2010

Hi,

I want to know the compliance for the existing public limited company (Unlisted).

Thanks in advance

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7 Replies

nandini mishra (individual) (592 Points)
Replied 10 September 2010

1- minimum number of director-3

2- minimum paidup capital- 500000 Rs.

3-minimum number of members 7

Dhiraj Bagri (Manager - Finance & Accounts) (174 Points)
Replied 10 September 2010

Thanks,

But is it possible for you to elaborate. Like compliance towards director's/MD/WTD's remuneration, corporate governance compliance, any information that is required to be given on quarterly basis to ROC or any other compliance.

Nitin Grover (CS) (1228 Points)
Replied 11 September 2010

Dear Dhiraj

As per Nandini Details means

Public Company must having Minimum 3 Directors (Any Directors) + Minimum 7 Members (who are having minimum 1 share) + Paid Up Share Capital Minimum Rs. 5,00,000 (means Comapny have shareholder for Rs. minimum of 5 Lakh)

and As per your furhter query

If Company is having Paid Up Share Capital equal to Rs. 5 crore or more then Company must have minimum 1 WTD or MD.

And 1 Whole Time Company Secretary (Member of ICSI).

and so more......

Regards