Each organisation has its own distinct requirements. One-size-fits-all solutions are not able to meet the different requirements of an organisation, and make its operations be in line with international standards. This is a more complicated issue when it comes to managing legal obligations of companies. Corporate secretarial service, also called “Company Secretarial Services”, provide the support structure for the compliance needs of the business no matter the size of the business. Secretarial services for companies refer to the administrative tasks within a business which ensure an effective corporate governance system, efficient communications between all stakeholders, and the compliance with the laws and legislation which govern the business.
Why businesses require the services of corporate Secretarial Services:
Corporate Secretarial services play a vital function in the smooth running of businesses. The legal frameworks of every company differ, as do the procedures for regulating it. They differ.
Thus, comprehensive corporate secretarial solutions are needed for an easy, transparent and monitored compliance across different countries Workers Compensation : The Benefits .
Benefits of Corporate Secretarial Services:
- Facilitates market entry by lessening the administrative burden of an entrant who is new to the market
- Reduce the risk of compliance failures by companies which will increase the efficiency of business
- Effectively meets the issues of a changing legal landscape
- Aids in creating an scaleless business Family Office Singapore
Our services are available under Corporate Secretarial Services:
MBG offers Corporate Secretarial Services so that compliance with corporate regulations does not severely hamper business operations.
Can negatively affect the business its shareholders, as well as investors.
Innovative methods and extensive knowledge of various sectors across India aid in:
1- Market Entry Advisory & Setting up Services:
- The best choice is to select an entity structure for India in accordance with the many options for Foreign Direct Investment (FDI) choices that are available
- The incorporation of an entity or setting up the desired corporate structure India and obtaining approval from various regulatory organizations.
- The creation of a charter document (Memorandum and Articles of Association) for the proposed Indian entity that will be created in India.
- Connection to the initial establishment of funds for the newly-incorporated entity, and ensuring compliance with the Foreign Exchange Management Act of India (FEMA)
2- Ongoing and Annual Compliances:
- Finding the initial tax registration number to an Indian company (PAN, TAN)
- Assisting with the conduct the Board & General meetings
- The preparation and submission of the required and required e-forms for the Registrar of Companies(ROC)
- Assistance needed for the making changes to Statutory Registers as well as the declaration and the payment of Dividends and Transfer of Shares
- The preparation and filing of the Annual Returns and other documents on a regular basis ROC
3- Compliances for Representative Offices (Liaison Office/Branch Office/ Project Office):
- Preparation and filing annual financial statements Forms (Form FC-4) and declaration to Registrar of Companies(ROC)
- Preparation, issuance and filing of annual activity certificates and the filing the audited financial statements
- With an authorized Dealer bank for submission to the Reserve Bank of India (RBI).
- The filing of an annual activity certificate and financial statements that have been audited for submission to Directorate General of Income Tax (DGIT) and authorized Dealer bank
4- FEMA Compliance and Advisory:
- Making sure that all forms are completed or notifications to be filed with Reserve Bank of India in the event of any
- the transfer of funds or infusion transfer of funds Indian entities (filings forms like Form FC GPR, Form FCTRS for example. ).
- Obtaining the necessary certificates from Auditors to be filed along with the above mentioned forms/intimations to be submitted to RBI
- Submitting of FLA Return as per FEMA Act, 1999.
- Assistance and advice when it comes to the transfer of funds to ensure the required KYC compliance with AD Bank
5- Closure/Winding up:
- The assistance is needed to liquidate a company (WOS) in accordance with the provisions of the Insolvency and Bankruptcy Code(IBC) in 2016,
- Assistance in arranging of an Insolvency professional to serve as liquidator in accordance with IBC, 2016,
- The preparation and presentation of the the necessary documents necessary for the process of liquidation.
- Assisting in convening Board Meeting and General Meeting of the Company
- Assistance needed for the closing of the representative office:
- The obtaining of the necessary clearances for surrender of registrations as well as the transfer/disposal of assets
- The preparation and filing of all necessary documents with AD-Bank and liaison with the AD-Bank/RBI
