As per the Companies Act, 2013, a public limited company must file annual compliance on a regular basis every year. Both the listed and the unlisted public ltd companies must comply with the regulations laid by the compliance rules or it may result in heavy penalties and imprisonment. Compliance can be filed annually or periodically depending on the company. Listed and unlisted public ltd companies must file separate compliance listed as mandatory for the respective organizations. It’s a sensitive and essential practice that requires the help of professional legal service providers.
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