IMPORTANT POINTS FOR PUBLIC LIMITED COMPANY

1. Alteration of Memorandum of Association

a. Name
b. Registered Office
c. Main Object
d. Authorized Capital & its denomination
e. Starting of new business in addition to present business or entirely new business
2. Alteration of Articles of Association
3. Service of documents on members by company
4. Executing documents under Common Seal of the Company.
5. Details of shares certificates & authentication by common seal & signature of two
directors
6. Allotment of shares
a. Time limit for issue of share certificates after allotment & transfer of shares
b. Transfer of shares, its procedure & time limit
c. Nomination & transmission of shares
7. Charge noting & its satisfaction (s. 125 to 145) diff between temporary loan & long term
loan
8. Place of keeping, and inspection of, registers and returns (S. 163)
9. Meetings
a. Board Meetings – 1 meeting per quarter(S. 285)
b. Statutory Meeting- 1 in the life of the company (S. 165)
c. Annual General Meeting – in each calendar year & within 6 months from the
close of the year(S.166)
d. Quorum for above meeting
e. Chairman
f. Proxies
g. Notices & its time limit for issue before the meeting.
h. Voting & its procedure & poll
i. Resolution by postal ballot (192A)
j. Attendance Register.
k. Matters requiring General Meeting resolutions
10. Registers available for public inspection.
11. Directors (S. 252 to 323)
a. Minimum & Maximum number of Directors
b. Only individuals to be directors
c. Types of directors
d. Disqualifications of Directors
e. Restrictions on number of directors
f. Disclosure of Directors Interest
g. Register of Directors etc. (S. 303 to 306)
h. Register of Directors Shareholding (S. 307 & 308)
i. Remuneration of Directors
j. Vacation of office by directors (S. 283 & 284)
12. Obtaining compliance certificate or appointment of full time company secretary.
13. Loan Documents executed from time to time.
14. Details of unsecured loans taken/ deposits (S.58A) & its procedure.
15. Any agreement executed in the name of the Company.
16. Doing any business with a non-resident.
17. Investment in shares or other securities. Giving loans to other Companies, firms etc
18. Investment in shares of companies under the same management.
19. Format of Balance sheet & Profit & Loss Account, CARO, Requirements of Directors
Report, Cash Flow Statement, Notes to Accounts, signing of both financial statements,
time limit for signing of the same.
20. Distribution of profit of profit of the company after tax eg. trf to reserve etc.
21. Declaration of dividend/ Issue of bonus shares.
22. Opening of Net Bank account for the statutory payments.
23. Limits for Loan by directors/ Investments in other companies/ borrowings/ deposits/
unsecured loan
Registers
PERMANENT REGISTERS
1. Share Application Register
2. Index of Members
3. Register of Members
4.

ANNUAL COMPLIANCE
1. Annual Return (s. 159)
2. Balance Sheet (S. 220)
3. Annual General Meeting
4. Closure of Register of Members