COMPANY LAW SERVICES
Company Law Services We are in the field of offering Company Law Consultancy Services. With Companies functioning in India governed by Companies Act, 2013, each company needs to get registered with Registrar of Companies (ROC) and file necessary documents for different statutory requirements.
Mainly, Indian companies are of two types –
The process that involves formation of Private/ Public Limited company include drafting of memorandum & article of association of companies and converting a Private Company into Public company and Public Ltd. into a Private Ltd. The other steps that are part of formation include Changing name of company, Change of registered office, Alteration of main object of company and inclusion of new business in memorandum of company, Statutory meeting & report, Appointment of directors and their remuneration, Holding & subsidiary company, Inter corporate investments; Amalgamation, merger and acquisition of companies; Payment of dividend by companies.
Further, the Company Law consultancy services offered are designed to serve the demands of all big and small type of companies regardless of size who are regulated by Companies Acts 2013. Other than this, the Company Law Matters Consultancy service offered takes care of company’s legal compliance.
Here, our team of experts assists firms to –
Company formation –
Annual Compliances for Pvt Ltd Companies — An overview All Private Limited Companies in India are regulated by the Corporate Ministry (MCA) under the Companies Act, 2013. Every organization, after incorporation, must fulfill certain compulsory legal obligations under this act. Compliance criteria are complex with each fall on various due dates, and failure to meet them in a timely manner will significantly impact a company.
It could include charging substantial fines (up to Rs. 1 lakh a year) or blacklisting companies and their directors for a limited period.
You will hold a public record consisting of the company's details called as the company's annual statements, published in the Companies Register. Each year, you will periodically refresh the annual return companies.
Benefits of Filing Mandatory Compliances Boost organizational efficiency Higher retention of staff Improved information governance Encourage best practices Join the Email I d * Mobile Number * Filing Annual Enforcement — A comprehensive procedure Following are mandatory compliances that private limited companies must meet. Our qualified Chartered Accountants, Accounting & Taxation experts and Company Secretaries can take care of all your requirements. We give your company's best-in-class legal advice. Our staff must meet the following compliance provisions as required by Corporate Ministry.
1. Facilitation of Meeting of Board of Directors: The first meeting must be held within 30 days of establishing a corporation, after which four meetings are held every quarter of a calendar year. The distance between two consecutive meetings does not exceed 120 days.
2. Preparation of minutes of proceedings of meeting: each organization must file its minutes of meeting and it shall be forever preserved to add value to any dispute. Meeting minutes will be held at the registered office.
3. Issuance of Share Certificates: The company will grant share certificates to memorandum subscribers within 60 days of incorporation.
4. Filing of Registration Of Director's Interest And Disqualification Declaration: At the first board meeting, all directors are expected to declare their involvement in any business organization.
5. Declaration of Business Start With RoC: It must be done after business registration. Type INC 20A is mandatory within 180 days of incorporation.
6. Annual General Meeting Facilitation: A organization holds at least one annual AGM. The first Annual General Meeting will be held within nine months of the company's first financial year. In other situations, it's within six months of the financial year's end.
For Eg: When a corporation is incorporated on or before 31 December 2018, the First Annual General Meeting must be held within 9 months of the closing date of the first financial year (31.12.2018-31.03.2019), i.e. by 31 December 2019.
When a corporation is incorporated on or after 1 January 2019, First Annual General Meeting to be held within 15 months, i.e. by 31 December 2020.
7. Annual Return Companies must be registered with RoC within 60 days of AGM.
8. Quarterly Compliance: Each organization must hold at least four meetings of its board of directors, i.e. at least one board meeting every quarter of the calendar year.
9. Statutory registrations: All GST, PF, ESI, IEC, etc. statutory registrations must be made.
Why Vakilsearch As an benefit of collaborating with industry-leading experts, our team will track any changes to the law and keep you up-to-date and compliant. Our team will work closely with you to define all specifications and complete the project on time.
What You Need To Learn Stay Diligent Many companies pile up their enforcement requirements, but taking care of them requires far less work than is frequently thought. Staying cautious from the outset would be extremely beneficial when searching for funding or a bank loan, as both will want to ensure that the company complies with the requirements of the Company Registrar (RoC).
Daily reports Getting a chartered accountant on hand during the year is necessary to ensure that the business is run in compliance with relevant laws. Our team will keep you up-to-date with all the RoC's adjustments during the year. This bundle is valid for 12 months, not from the start of the financial year.
Mainly, Indian companies are of two types –
- Private Limited Company –
- Where maximum numbers of members are 200
- It prohibits any invitation to public to subscribe shares/debentures
- Restrict right to transfer its shares
- Public Limited Company –
- Invite public to subscribe shares or debentures
- No limit on maximum members
The process that involves formation of Private/ Public Limited company include drafting of memorandum & article of association of companies and converting a Private Company into Public company and Public Ltd. into a Private Ltd. The other steps that are part of formation include Changing name of company, Change of registered office, Alteration of main object of company and inclusion of new business in memorandum of company, Statutory meeting & report, Appointment of directors and their remuneration, Holding & subsidiary company, Inter corporate investments; Amalgamation, merger and acquisition of companies; Payment of dividend by companies.
Further, the Company Law consultancy services offered are designed to serve the demands of all big and small type of companies regardless of size who are regulated by Companies Acts 2013. Other than this, the Company Law Matters Consultancy service offered takes care of company’s legal compliance.
Here, our team of experts assists firms to –
- Interpret and comply with rules and regulations
- Smoothly continue to operate in chosen sectors
Company formation –
- Company secretarial matters like necessary companies House filings
- Accounting matters like statutory disclosures, deadlines and exemptions
- Matters affecting share capital and distributions
- Statutory provisions that relate to different meetings like Statutory Meetings, Board Meetings
- Seeking Licenses and Approvals for start-up
- Other different provisions as applicable to Company
Annual Compliances for Pvt Ltd Companies — An overview All Private Limited Companies in India are regulated by the Corporate Ministry (MCA) under the Companies Act, 2013. Every organization, after incorporation, must fulfill certain compulsory legal obligations under this act. Compliance criteria are complex with each fall on various due dates, and failure to meet them in a timely manner will significantly impact a company.
It could include charging substantial fines (up to Rs. 1 lakh a year) or blacklisting companies and their directors for a limited period.
You will hold a public record consisting of the company's details called as the company's annual statements, published in the Companies Register. Each year, you will periodically refresh the annual return companies.
Benefits of Filing Mandatory Compliances Boost organizational efficiency Higher retention of staff Improved information governance Encourage best practices Join the Email I d * Mobile Number * Filing Annual Enforcement — A comprehensive procedure Following are mandatory compliances that private limited companies must meet. Our qualified Chartered Accountants, Accounting & Taxation experts and Company Secretaries can take care of all your requirements. We give your company's best-in-class legal advice. Our staff must meet the following compliance provisions as required by Corporate Ministry.
1. Facilitation of Meeting of Board of Directors: The first meeting must be held within 30 days of establishing a corporation, after which four meetings are held every quarter of a calendar year. The distance between two consecutive meetings does not exceed 120 days.
2. Preparation of minutes of proceedings of meeting: each organization must file its minutes of meeting and it shall be forever preserved to add value to any dispute. Meeting minutes will be held at the registered office.
3. Issuance of Share Certificates: The company will grant share certificates to memorandum subscribers within 60 days of incorporation.
4. Filing of Registration Of Director's Interest And Disqualification Declaration: At the first board meeting, all directors are expected to declare their involvement in any business organization.
5. Declaration of Business Start With RoC: It must be done after business registration. Type INC 20A is mandatory within 180 days of incorporation.
6. Annual General Meeting Facilitation: A organization holds at least one annual AGM. The first Annual General Meeting will be held within nine months of the company's first financial year. In other situations, it's within six months of the financial year's end.
For Eg: When a corporation is incorporated on or before 31 December 2018, the First Annual General Meeting must be held within 9 months of the closing date of the first financial year (31.12.2018-31.03.2019), i.e. by 31 December 2019.
When a corporation is incorporated on or after 1 January 2019, First Annual General Meeting to be held within 15 months, i.e. by 31 December 2020.
7. Annual Return Companies must be registered with RoC within 60 days of AGM.
8. Quarterly Compliance: Each organization must hold at least four meetings of its board of directors, i.e. at least one board meeting every quarter of the calendar year.
9. Statutory registrations: All GST, PF, ESI, IEC, etc. statutory registrations must be made.
Why Vakilsearch As an benefit of collaborating with industry-leading experts, our team will track any changes to the law and keep you up-to-date and compliant. Our team will work closely with you to define all specifications and complete the project on time.
What You Need To Learn Stay Diligent Many companies pile up their enforcement requirements, but taking care of them requires far less work than is frequently thought. Staying cautious from the outset would be extremely beneficial when searching for funding or a bank loan, as both will want to ensure that the company complies with the requirements of the Company Registrar (RoC).
Daily reports Getting a chartered accountant on hand during the year is necessary to ensure that the business is run in compliance with relevant laws. Our team will keep you up-to-date with all the RoC's adjustments during the year. This bundle is valid for 12 months, not from the start of the financial year.
