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Unlisted public companies in India registered under the Companies Act, 2013 or any other previous Companies Act are subject to various compliance requirements based on factors such as paid-up capital, turnover, borrowings, and the number of shareholders. Compliance ensures transparency, accountability, and protection of stakeholders’ interests. Unlisted public companies must adhere to specific compliance requirements based on their paid-up capital, turnover, borrowings from banks or financial institutions, Number of shareholders , etc, . For instance, to appoint a company secretary, Key Managerial personnel, directors, Independent directors, cost auditors and constitution of various committees.
In summary, unlisted public companies in India must fulfill various compliance obligations based on factors such as paid-up capital, turnover, borrowings, and the number of shareholders. By adhering to these requirements, companies uphold corporate governance standards, protect stakeholders’ interests, and contribute to a transparent and well-regulated business environment. The author has tried his best to compile the compliances of an unlisted public company on the basis of certain threshold limits of capital, borrowings, and turnover.
The details provisions can be studied from my book titled as Company Law Procedures and Compliances.