Key Compliance Requirements for Public Limited Company in India
Managing a Public Limited Company (PLC) in India involves adhering to several legal requirements. Understanding these key compliance areas is crucial for smooth operations and avoiding legal issues. Here’s a simple guide to help you navigate these requirements:
1. Board Meetings
Public Limited Companies are required to hold board meetings regularly. According to the Companies Act, 2013, a minimum of four board meetings must be conducted each year. These meetings are essential for discussing company performance, making decisions, and ensuring good governance.
2. Annual General Meeting (AGM)
An AGM must be held within six months of the end of the financial year. During the AGM, shareholders review financial statements, elect directors, and approve dividends. Not holding an AGM can lead to penalties and other legal issues.
3. Financial Statements and Audits
PLCs need to prepare financial statements based on accounting standards and have them audited by a qualified auditor. These audited financial statements must be filed with the Registrar of Companies (RoC) annually.
4. Annual Filing with Registrar
Public Limited Companies must file several documents with the RoC each year. This includes financial statements, annual returns, and compliance certificates. These filings ensure that the company adheres to legal and regulatory requirements.
5. Maintaining Registers
PLCs are required to maintain various registers, including the register of members, register of directors, and register of charges. These registers must be regularly updated and kept at the company’s registered office.
6. Company Name and Sign Boards
A crucial compliance requirement is the "private limited company sign board rule." This rule mandates that all business locations display the company’s name and other necessary details clearly. This helps ensure that the company’s legal identity is visible to anyone visiting the premises.
7. Compliance with SEBI Regulations
If a PLC’s shares are listed on a stock exchange, it must comply with Securities and Exchange Board of India (SEBI) regulations. This includes meeting disclosure requirements, insider trading rules, and other securities laws.
8. Filing of Forms and Returns
PLCs must also file various forms and returns with the RoC, such as changes in directors, share capital, and company address. Timely filing helps avoid penalties and ensures compliance with legal requirements.
Conclusion
Adhering to these compliance requirements is essential for the effective management of a Public Limited Company in India. Regular board meetings, timely AGMs, accurate financial reporting, and following the private limited company sign board rule are all critical for maintaining legal compliance and operational efficiency. Keeping up with these requirements helps ensure your company operates smoothly and meets all legal obligations.
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Title: Actions Have Consequences
Ship: Bucky Barnes/Steve Rogers
Rating: Explicit
Tags: Alternate Universe - Modern, CEO Steve Rogers, Bodyguard Bucky Barnes, Age Difference, Steve is 28 and Bucky is 38, Slight Pet Play, Collars, Sex Toys, Dom/Sub, BDSM, Kneeling, Sir Kink, Blindfolds, Subspace, Punishment, Facefucking, Blowjobs, Shower Blowjobs, Oral Sex
Summary: After everyone left the floor at the end of the day, Bucky locked the door to Steve’s office.
“Kneel.”
Steve pushed away from his desk and walked around it. His knees hit the floor with a thunk. Bucky gripped his chin and titled his head up. Steve could see the tension in Bucky’s jaw and he knew exactly why he was here.
He disrespected his dom.
Written for Hot Bucky Summer with @buckybarnesevents. Also in combination with Alternate Juneiverse 2023.
Juneiverse Connect Four Square: C1 - Boss/Employee
Steve whined as his dream slowly faded away. Totally not cool. It was a very nice dream too. A very nice dream. Dream Steve was laying on his stomach while Dream Bucky kissed down his spine towards his ass. Dream Bucky spread Dream Steve’s cheeks and-oh. This is real now. Steve moaned as he felt Bucky’s tongue prod his aching hole. The night before was spent taking Steve out of his head by seeing how many times he could come untouched. Bucky used everything. Dildos, prostate massagers, anal beads, vibrating butt plugs, and Bucky’s fingers and his cock. Needless to say Steve’s poor asshole was very sensitive this morning.
Steve moaned again as Bucky started sucking at his hole. He pushed his hips into the mattress to try and get some stimuli to his own cock but Bucky yanked Steve by his hips so his knees were under him.
Bucky draped himself over the man under him and nibbled at his ear, “Good morning, Pup.”
Steve smiled, eyes still closed, “Good morning, Sir.”
“How’s my little puppy today?”
“Sore,” Steve mumbled as Bucky rutted his clothed cock against Steve’s ass. Bucky must have put underwear on before he went to bed after Steve passed out from the many orgasms.
“Mmm. Too sore to wear a plug today?”
Steve slowly rolled onto his back which caused Bucky to sit on his knees next to Steve. Steve opened eyes, “Not really. But I have that boardmeeting later today. So,” Steve sat up slowly and brought his knees to his chest, hugging his arms around them, “Could I not wear a plug? I don’t want to risk my mind slipping during it.”
Bucky scooted closer to Steve and wrapped his arms around the man. “Of course, Pup.” He placed a kiss on Steve's temple. “I completely forgot that it was today.” Bucky crawled out of bed and went over to the dresser where they kept all their kink stuff. The top drawer held smaller dildos, butt plugs, vibrators, handcuffs, rope, and a velvet box that held something special for Bucky’s boy.
“So, since no to the plug,” Bucky grabbed the box and sat on the edge of the bed, facing the headboard. “How about this instead?”
Steve crawled over then took the velvet box and observed it. It's a narrow rectangle which clues Steve in that whatever is in it, is either a bracelet or a necklace. When he opened it, his breath caught in his throat. Laid nicely in the box is a chain with a circle on one end and a bar on the other. The item looked like a necklace but Steve knew it was a collar, a day collar to be exact.
“I’ll put it on you after we shower, okay?” Bucky grabbed Steve's face and kissed his nose. “We’ve talked about incorporating kink into our everyday lives and since your poor little hole is sore,” Steve playfully glared at Bucky causing the dom to chuckle, “I figured we could start with this. As far as I know, no one other than Sam and Nat are into kink so to everyone else it would just look like a necklace. If you don’t want to wear it, that’s completely okay. I want you to feel comfortable and safe, Pup.”
Every time Bucky called him ‘Pup’, Steve got a twisty feeling in his stomach. Not a bad twisty feeling, a good one. Where any missing pieces were filled when Bucky called him ‘Pup’.
“I trust you, Sir. I want to wear it.” Steve straddled Bucky’s lap the best he could with how they were positioned on the bed. “If at any time throughout the day I feel uncomfortable, I promise I’ll use my safeword.”
Bucky gripped Steve’s hips, “What’s your safeword?”
“Eagle if we’re alone or around Tasha and Sam. And ‘Mister Barnes’ if there’s others.”
Bucky smiled up at his boy. “Good boy.” Bucky grabbed each cheek of Steve’s ass and squeezed. Steve gasped and pushed his hips forward causing his dick to rut against Bucky’s abs. Bucky leaned forward to lay the other man back down on the bed and kissed his neck. Steve moaned as his Sir reached the spot that made him melt. The dom pulled away before he left a mark, “Get your ass to the shower and I might let you suck me off before we go.”
Steve scrambled out of bed so fast, his feet got tangled in the blankets. Luckily, Bucky grabbed him around the waist before Steve could faceplant. Steve slowly looked over his shoulder and smiled sheepishly when he saw Bucky’s raised eyebrow. He extracted his feet from the blankets and walked fast to the en suite so he could get the shower ready for them. Steve wasn’t going to pass up the opportunity to service Bucky. That would be insanity!
Steve turned on the shower and as the water warmed up, he grabbed towels from the shelf above the toilet. He set them on the counter and stripped his clothes off. Steve felt Bucky’s arms wrap around his waist and the dom kissed the sub’s neck. Steve relaxed into Bucky’s hold as the heat from the shower warmed up the small room making it a comfortable temperature to be naked. Bucky walked both of them to the shower and opened the door. One amazing thing about Steve owning his own company, and being “hella rich” as Bucky says, is that they can have a shower big enough to fit both of them and have room to spare.
Steve groaned in contentment as the warm water cascaded down his chest. Bucky ran his hands across the other man’s chest, tweaking Steve’s nipples as Bucky's fingers passed them. Steve sighed as one of Bucky’s hands went lower and grabbed his dick. Bucky slowly stroked Steve and smirked as he felt Steve’s dick harden in his grasp. Bucky then turned Steve around and grabbed him by the back of the head, kissing him hard.
Steve whimpered into the kiss as Bucky nipped at his bottom lip. Bucky then gently pushed Steve down to make him kneel on the shower floor. The hot water pelted Steve’s back which only aided in making him hot and bothered. Bucky tangled his fingers in Steve’s hair and pulled. The blond’s head snapped back and his mouth opened with a moan.
“Tongue out, Pup.”
Steve stuck his tongue out and Bucky fed him his hard dick. The kneeling man closed his eyes as the taste of his lover filled his mouth. The thick, long cock that stretched him out deliciously when Bucky fucked his ass, was now pushing his mouth to the limit. Steve’s lips were stretched tight and his tongue teased the vein on the underside of Bucky’s cock.
“Yes.” Bucky threw his head back and tightened his grip on Steve’s hair. He slowly thrusts his hips, hitting the back of Steve’s throat making the other man choke. “That’s right. Choke on my cock, Pup. Choke on your Sir’s cock.”
Steve moaned, sending vibrations through Bucky’s cock. He looked up at Bucky through watery eyes. He loved being choked on his Sir’s cock and if he didn’t have a meeting today, Steve would call out sick just to warm Bucky dick all day.
“I’m gonna fuck your face now. You just sit there and look pretty.” Bucky patted Steve’s cheek before gripping the blond hair with both hands and snapped his hips making the other man gag. Bucky growled as Steve’s throat spasmed around his dick with each thrust. Seeing the blond’s eyes water only made Bucky’s dick harder. The brunet loved pushing his Pup’s limits but was aware to not push them too much.
Steve loved choking on his Sir’s cock. His air being cut off only aided in the floaty feeling he felt whenever that delicious cock touched his tongue. Steve closed his eyes and just let Bucky fuck his throat. The moment they left their house, Steve had to be in boss mode. He had to run his company and tell his employees what to do. But right now, he can just enjoy being a fucktoy for Sir.
“I’m gonna come. Swallow it all.” Bucky growled as his release flowed down Steve’s throat. He threw his head back as Steve swallowed around his dick. He thrusted slowly, milking every last drop into Steve’s mouth. “That’s good. That’s my good Pup.” Bucky pulled out and Steve looked up with a dopey smile on his face. Bucky cupped Steve’s cheek and ran his thumb across the kneeling man’s lips. He leaned down to look closely at Steve’s eyes to see if he slipped into subspace.
“I’m clear, Bucky. I promise.” Steve using his name gives Bucky the confidence that Steve is clear headed. “Just happy.”
“I’m glad,” Bucky chuckled. “Let’s get washed up. Up you go.” Bucky helped Steve stand slowly since he was kneeling for a while. “Slowly.” Bucky said when Steve’s knees gave out a little bit. One Steve was standing and his legs didn’t feel numb or anything, Bucky grabbed the soap and started washing them both.
_________________
“Mister Rogers, if you’d just consider-“
“Consider what? Being like every other big company who jacks up their prices for no reason? Absolutely not.”
“But it wouldn’t be for no reason.”
“And what would be the reason, Mister Thompson? Please enlighten me.” Steve glared at the man on the other end of the conference table. The board members talked about raising the prices of the smaller businesses Steve’s company owns, one of these businesses being a pharmacy that is known for providing affordable medications for their customers. A cause close to Steve’s heart when his own mother couldn’t afford her medications.
“Raising the prices would give us the ability to bring in more profit in order to fund-“
“Mister Thompson, let me stop you there.” Steve raised his hand with a sigh. “What I’m hearing is you only care about deepening your pockets.”
Thompson looked at Steve incredulously. “No. What I’m saying-“
“Oh no I know exactly what you’re saying.” Steve stood up and placed his hands on the table leaning his weight on the table. “You want us to be like every jackass.”
“Mister Rogers, that language-“
“It’s my company I can talk however the fuck I want.” Steve noticed Bucky take a step toward him. With how irritated Steve is with this board meeting, Bucky might have to jump in.
“Steve.” A voice to his right grabbed his attention. He looked at his right hand woman, Natasha. “Let him finish.”
“Nat, he wants us to make it impossible for people to get the stuff they need. The first business he wants to raise prices is the pharmacy!”
“That’s our most profitable business.” Thompson mentioned.
Steve snapped his gaze to the man, “So you are admitting you’re just like everyone else.”
“I-“
“Mister Rogers. Why don’t we take a break?” Bucky stepped between Steve and Natasha’s chairs.
“No.”
“Mister Rogers, if I may…” Bucky started.
“I’m not done with this meeting so shut it..” Steve turned to Bucky and got in his face. Steve saw the tick in Bucky’s jaw which meant he was in trouble but he didn’t care. “Now go back and be a good little guard dog so I can finish this meeting.”
“Sir, I believe it’s in the best interest of everyone if this meeting was concluded at a different time.” Bucky narrowed his eyes.
“I pay you to protect me, not for your opinion. So shut it and stand back.” Steve growled.
Sam, Natasha’s assistant, gasped quietly. Never has he seen Steve act like that towards Bucky in any way. He looked over at Nat, his dom, with a questioning look. She looked towards the door silently telling Sam to open so she could dismiss the meeting.
“Mister Thompson, Mister Rogers and myself will discuss this proposal. Now everyone, if you’d would follow Mister Wilson he will walk you out. We are done for today.” Natasha’s steely gaze left no room for argument. All the board members followed Sam while Nat made sure Steve and Bucky weren’t going to kill each other.
“We’re fine, Nat.” Bucky then lowered his voice. “It seems like someone needs to learn some manners.” Steve swallowed but continued to glare at Bucky.
“Just don’t hurt him.” Nat whispered as she left the conference room.
Bucky and Steve went to Steve’s office with Bucky leading the way. To other employees, it would seem the bodyguard is his job of protecting his client. However, Steve knew this was Bucky’s way of taking dominance back. The day collar under Steve’s shirt was feeling too warm all of a sudden.
_________________
After everyone left the floor at the end of the day, Bucky locked the door to Steve’s office.
“Kneel.”
Steve pushed away from his desk and walked around it. His knees hit the floor with a thunk. Bucky gripped his chin and titled his head up. Steve could see the tension in Bucky’s jaw and he knew exactly why he was here.
He disrespected his dom.
Even though Steve is the boss outside their home, there is an unspoken agreement that Steve still respects Bucky. Today though? He didn’t.
He was rude to his dom. But that’s not it, no. Not only was he rude, Steve went off on Bucky in front of board members and their friends Sam and Natasha, the only two who know about Steve and Bucky’s lifestyle.
But the cherry on top? Steve used his position as Bucky’s employer against him.
“I pay you to protect me, not for your opinion. So shut it and stand back.”
The words kept bouncing around Steve’s mind ever since. Natasha, being Steve’s right hand woman, dismissed everyone while Bucky glared at Steve and Steve met him with the same fire in his eyes.
Now, here the two men are. Alone, at the end of the day, on the seventeenth floor of the high rise Steve’s company owns with Steve kneeling, being forced to look up at his dom. The kneeling man felt his eyes start to well up but help back the tears because he didn’t want Bucky thinking Steve was trying to get pity.
“Do you know why we’re here?” Bucky asked lowly.
“Yes, Sir. I disrespected you.” Steve answered unprompted. Sometimes when Steve was in trouble, Bucky had to pull the reason out of Steve but now it seems like the blond is hoping his punishment could be lessened.
“That’s right. Not only in front of the board members,” Bucky let go of Steve’s chin and walked to the drawer in the desk where they kept some small toys. “But also in front of a fellow dom.”
Steve lowered his head and looked at his hands resting on his knees, “I know, Sir. I’m sorry.” Steve’s voice cracked on the apology.
Bucky came over and knelt in front of Steve and cupped his face with both hands. “Baby, look at me.” Steve raised his eyes to meet Bucky’s. A tear slipped down his cheek which was brushed away by Bucky’s thumb. “I’m not angry. Disappointed but not angry. The meeting was getting heated and that’s why I suggested a break.” Bucky leaned forward to kiss the other man’s forehead. “Even though I’m disappointed, I understand why you lashed out. But because we’ve talked about this beforehand, I still need to punish you, okay?” Steve nodded and closed his eyes. He knew whatever punishment Bucky chose would be fair.
“Yes, Sir.”
Bucky placed one more kiss on Steve’s forehead before standing up with a groan. He went back to the desk and grabbed the items he pulled out. He went over to the small couch Steve has in his office and sat down. He took one of the pillows, which was actually a kneeling cushion, and set it on the floor in front of him. “Come here, Pup.”
Steve shuddered with Bucky calling him ‘Pup’. It did two things. One, it showed the scene was starting and two it calmed Steve. He stood up and walked over to Bucky. The dom instructed him to take off his shoes, suit jacket, tie, and button down, leaving him shirtless with the day collar around his neck and in his pants and socks.
“Look at me,” Bucky commanded. The sub looked down at his dom from where he was standing in front of the couch. “Here’s what’s going to happen. I’m going to blindfold and you will be on speech restriction. I’m also going to use your tie and bind your hands behind you. Understand so far?”
Steve nodded, “Yes, Sir.”
Bucky smiled, “Good Pup. I want you to think about how you could have told me to back off in a way that would have been more respectful. When you think you have come up with something, you’re going to drop the bell.” Bucky held up the medium sized bell they used as a non-verbal safeword whenever Steve’s mouth was occupied. “In this scene, the bell is not you safewording to end the scene. It’s there to let me know you’ve thought about not only your actions but what you could have said. Understand?”
“Yes, Sir.”
Bucky ran his hands up the back of Steve’s legs and cupped his ass. “You’re gonna kneel on the cushion facing away from me. When I put the blindfold on, bind your wrists, and hand you the bell, speech restrictions start.” Bucky caressed Steve’s ass. “Do you need anything before we start? Bathroom? Water?”
Steve went through his mental checklist of his body. “No, Sir. I’m good.”
“Okay, Pup. Kneel for me.”
Steve turned around and knelt facing away from Bucky. The dom grabbed Steve’s tie and gently pulled his arms behind him. The feeling of the silk tie being looped around his wrists and pulled tight, but not too tight, already quieted Steve’s mind a bit. Bucky slipped two of his fingers in between the tie and Steve’s skin to make sure his circulation wouldn’t be cut off.
“Blindfold now.” Bucky slipped the silk eye mask over Steve’s head and leaned around to check it was over his eyes and not blocking his nose. “Okay. Here’s the bell. Speech restrictions start now.” Bucky made sure Steve had a firm grip on the bell before letting go. If Steve didn’t drop the bell by the fifteen minute mark, Bucky was going to call it. He didn’t want Steve to do damage to his knees.
Bucky saw the moment the blond’s mind settled. His shoulders relaxed and his head tipped forward, the only change in his posture. Bucky relaxed into the couch as he watched his sub in case he needed to end the scene at any moment. His phone vibrated in his pocket but he ignored it. Bucky’s focus needed to be on the blond throughout the whole scene.
Ten minutes went by before Steve dropped the bell, signaling he thought about his words. Bucky grabbed the bell and set it on the couch before going to stand in front of Steve. The dom removed the blindfold and the sub blinked rapidly, letting his eyes adjust back to the lighting of the office. Bucky made a mental note to buy a lamp or two so there’s dimmer light if he blindfolds Steve at the office again.
“Hi, Pup.” Bucky smiled down at Steve.
“Hi, Sir.”
Bucky gently tugged on the day collar which caused Steve’s eyes to flutter. “Did you think of something else you could have said?”
“Yes, Sir,” Steve nodded. “May I sit on the couch though?”
“Absolutely.” Bucky untied Steve’s wrists and helped him stand. “Slow.” Steve gripped Bucky’s arms and slowly stood up. Once they were both sat on the couch, Steve turned to Bucky.
“When you suggested a break, I could have said I wasn’t ready for one or accept that one was needed. I also shouldn’t have pulled rank and told you to stand back.” Steve looked down at his lap and fiddled with his fingers. “I’m sorry, Sir. I didn’t want to have that meeting the moment Thompson’s proposal started with raising prices. I just don’t want people to end up like how Ma did.” Steve sniffled as he thought about how his mom couldn’t afford her medication towards the end of her life due to price raises.
Bucky scooted close and rubbed Steve’s back. “I know, baby. But here’s the thing. You’re the one who makes the final decision. It’s up to you. If Thompson can’t accept that, then maybe he needs to not be working for you anymore.” Bucky put a finger under Steve’s chin and lifted his gaze. “But that’s a conversation between you and Nat. And right now, what we need to do is get you dressed and then go home. We’ll order in for dinner and we’ll just hang out, okay? Not thinking about work or anything. Does that sound good, honey?” Bucky brushed the hair that fell on Steve’s forehead out of the way.
Steve nodded. “Yes it does. Can I wear your sweatshirt when we get home?” Steve loves to wear an old college sweatshirt of Bucky’s especially after a scene.
The dom leaned forward and kissed his sub’s nose. “Absolutely baby.”
Both men worked together to get ready to go home. They made sure everything in Steve’s office was put away and made their way out. Once in the parking garage, Bucky opened the passenger side for Steve with a kiss to the blond’s cheek. Bucky got in the driver’s side after he made sure Steve was settled in the passenger seat. All the way home, the two held hands and sang along to the radio enjoying each other's company and forgetting the stresses of the day.
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