Basic Compliance

There are some actions that need to be undertaken as soon as the company is formed. The first meeting of directors within 30 days of the incorporation of the company; An opening of a bank account even before reaching out for incorporation; A registered office within 30 days of the company’s incorporation; It’s name in letterhead; The first auditor to be appointed within 30 days; At the first board meeting, every director should disclose his/her interest; The company shall maintain statutory register at the registered office; The share certificate to be issued to a shareholder within 60 days of its incorporation; A proper books of accounts to be maintained; Obtaining certificate of commencement. Would you like to invest your time in the complex procedures? Or focus on your new business. The choice is yours!

Company Changes & Annual Compliance

There is no hard and fast rule that the registered company’s address has to be permanent. It can be changed as and when required, within the city, to the other city and even the other state. However, there is a strict compliance that needs to be followed. The company needs to hold a meeting with board of directors and certain Forms needs to be filled as per the requirement- INC-22, INC-23, INC-28, MGT-14. Public declaration in local newspaper, and a notice to different stakeholder is also important.

LLP Changes & Annual Compliance

Form 11 is a summary of Limited Liability Partners also called LLPs. It is an indication if there is any change in management. The LLP is filed within 60 days of closure of the financial year. It is important to note that LLPs whose turnover exceeds INR 40 Lacs or whose contribution exceeds INR 25 Lacs have to get their accounts verified by the professionals mandatorily.

Closure or Conversion of Entity

Conversion or closure of company is not as easy as it may sound. A lot of legal processes are involved which only experts can handle best. Whether you want to convert from private limited company to public limited and vice-versa, sole proprietor to partnership and vice versa, it requires a plan of conversion document with all details, article of incorporation and certificate of conversion. Same is with closure of company. All important numbers associated with business needs to be surrendered be it GST, PAN, TAN, DIN, ESI, EPF etc.

ROC Search Report

The ROC Search Report mainly helps when then the business needs a loan from bank. It contains the entire company records. It also helps stakeholders decide investment and management. Only a professional can prepare it in the most apt manner.

Due Diligence Reporting

Be is acquisition, investment or partnership, a thorough research and analysis happen in order to determine the company’s commercial potential.  Hence, Due Diligence Reporting becomes very critical as a lot of important decisions are dependent on it.

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