COMPLIANCES AND CORPORATE GOVERNANCE

As per Companies Act, 2013, compliance requirements for Companies have changed as compared to Companies Act, 1956. Even though Companies Act came into force from 1stApril 2014 but annual Compliances for the Companies for Financial year 2013-14 were as per Companies Act, 1956. However, from financial year 2014-15 Annual Compliances will be as per Companies Act, 2013. Annual Compliances for the companies have completely changed from the earlier Compliances.

Below is the summary of Our services pertaining to Compliances which are broadly required for various types of Companies. For further queries, kindly get in touch with us.

A. Assisting in certain routine as well as Annual Compliances for OPC, Small Companies and Private Limited Companies

1. Disclosure of Directors’ Interest in other entities by way of directorship or shareholding,
2. Calling for declaration by Directors u/s 164(2) in Form DIR-8
3. Preparation and filing of Annual Return with Registrar of Companies (ROC)
4. Advising and assisting in convening Board Meeting/General Meetings and all allied activities and documentation pre & post meetings
5. Drafting of Notices, agenda, Minutes etc. for all meetings
6. Preparation and filing of relevant E-forms with Registrar of Companies (ROC)
7. Documentation and formalities regarding Appointment of Auditors
8. Filing of Annual audited financials in XBRL form, if applicable

B. There are certain more Annual Compliances mandatory for Unlisted Public Limited Companies, apart from those applicable to private companies as mentioned above.

1. Circulation of Financial Statement and other Relevant documents
2. Certification of Annual Return as Practising Company Secretary

C. Limit Based Annual Compliance for Unlisted Public Companies.

1. An unlisted Public Limited Company has to comply with the guidelines of Companies Act 2013 with respect to following parameters depending upon its applicability. We advise and assist companies in following major compliances, depending upon applicability:
2. Disclosure of Public Deposits
3. Documentation and e-filing with respect appointment/ resignations of Key Managerial Personnel (KMP)
4. Appointment of an Independent Director
5. Appointment of an Independent Women Director
6. Appointment of an Internal Auditor
7. Carrying out Secretarial Audit
8. Constitution and further functioning of Audit Committee
9. Constitution and further functioning of Nomination or Remuneration Committee
10. Advising / Assisting in setting up Vigilance Mechanism

 

D. Limit Based Annual Compliance for Unlisted Public Companies.

1. An unlisted Public Limited Company has to comply with the guidelines of Companies Act 2013 with respect to following parameters depending upon its applicability. We advise and assist companies in following major compliances, depending upon applicability:
2. Disclosure of Public Deposits
3. Documentation and e-filing with respect appointment/ resignations of Key Managerial Personnel (KMP)
4. Appointment of an Independent Director

1. Appointment of an Independent Women Director
2. Appointment of an Internal Auditor
3. Carrying out Secretarial Audit
4. Constitution and further functioning of Audit Committee
5. Constitution and further functioning of Nomination or Remuneration Committee
6. Advising / Assisting in setting up Vigilance Mechanism
7. Advising regarding applicability of Corporate Social Responsibility (CSR) and documentation in this regard

E. There are even more Annual Compliances for Listed Company under Companies Act, 2013

1. Reconciliation of share Capital Audit
2. Share Transfer Audit
3. Providing Scrutiniser’s Report
4. Shareholding Pattern
5. Advising regarding Postal Ballot
6. Unaudited /Audited Financial Statements
7. Corporate Governance Report