Is It Difficult To Deal With Corporate Law?

By: Anil Mahajan


Now a day owning a business is aim of almost every entrepreneur all over the world. India emerging economically has become the most preferred destination for investors and entrepreneurs to invest in Indian market. Investing here may be a tempting idea but when it is about being aware of corporate law and dealing, it is not easy.

To assist investors and make it easier to deal with corporate law, many advisory firms exist, which provide Corporate Law Services in Delhi. These services job is to provide advisory concerning to group of legislations and statutes. The professionals of these firms are capable enough to understand which legislations and statues those are applicable at time of set up or post for a company.

Within corporate law services many services are involved which are:

Startup Approvals: When a new company has to be setup, one needs to get approvals from different authorities, advisory firms’ aid for this purpose. Promoting, formatting and incorporating are important task during a company’s establishments be it Indian or foreign companies. Designing a written proposal of understanding, promoting agreements, shareholders agreements and even commercial & legal agreements is their job. To get a Permanent Account No. (PAN) or a TAN Allotment that comes under Indian Income tax Act, client can seek assistance from the advisory firms. If the business is into import and export then IEC allotment will be done along registration with various Export promotion councils.

Day-to-Day Compliance & Approvals: Once the business is established then also you will not be able to get away from corporate laws. They provide advisory in variety of fields. Maintaining Statutory Records, Books and Registers require a lot of man power of the company whereas these service providers do it on contractual basis, this is easier and beneficial way of doing it. Managing all the board relating matters that include tasks like preparation of agenda papers, Notice, preparation of Attendance Sheet, organizing in-house meeting and others. The firm is even responsible to organize and manage shareholders’ meeting on behalf of the clients. They also help to companies to prepare resolutions and Minutes of any board or general meeting. It supervises and controls the secretarial department along with transfer activates and investors grievances.

ROC/MCA/CLB: The job of preparation and filing of forms and returns with company Registrar is not easy task so here these firms become helpful. They collect records from the registrar of companies to make search reports in respect of the companies. These firms are appear as an Authorized representative of the company before the Company Law Board, Central Government, Regional Director and Registrar of the companies and they also assist to file petitions.

SEBI/Stock Exchanges: In case the business owner is not aware of the capital market they advice on it along with SEBI Act 1992, audit and compliance of rules, regulations and guidelines that are issued under. Last but not the least, they help companies to get certifications and help them in audits.

All these services come under corporate Law services and an emerging company can avail any of them or all.

Startup Approvals: When a new company has to be setup, one needs to get approvals from different authorities, advisory firms’ aid for this purpose. Promoting, formatting and incorporating are important task during a company’s establishments be it Indian or foreign companies. Designing a written proposal of understanding, promoting agreements, shareholders agreements and even commercial & legal agreements is their job. To get a Permanent Account No. (PAN) or a TAN Allotment that comes under Indian Income tax Act, client can seek assistance from the advisory firms. If the business is into import and export then IEC allotment will be done along registration with various Export promotion councils.

Day-to-Day Compliance & Approvals: Once the business is established then also you will not be able to get away from corporate laws. They provide advisory in variety of fields. Maintaining Statutory Records, Books and Registers require a lot of man power of the company whereas these service providers do it on contractual basis, this is easier and beneficial way of doing it. Managing all the board relating matters that include tasks like preparation of agenda papers, Notice, preparation of Attendance Sheet, organizing in-house meeting and others. The firm is even responsible to organize and manage shareholders’ meeting on behalf of the clients. They also help to companies to prepare resolutions and Minutes of any board or general meeting. It supervises and controls the secretarial department along with transfer activates and investors grievances.

ROC/MCA/CLB: The job of preparation and filing of forms and returns with company Registrar is not easy task so here these firms become helpful. They collect records from the registrar of companies to make search reports in respect of the companies. These firms are appear as an Authorized representative of the company before the Company Law Board, Central Government, Regional Director and Registrar of the companies and they also assist to file petitions.

SEBI/Stock Exchanges: In case the business owner is not aware of the capital market they advice on it along with SEBI Act 1992, audit and compliance of rules, regulations and guidelines that are issued under. Last but not the least, they help companies to get certifications and help them in audits.

All these services come under corporate Law services and an emerging company can avail any of them or all.

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The article is by Kriti Advisory Services Pvt Ltd, a well known Fema, RBI, SEZ, EOU, STPI Consultants in Delhi/NCR. www.kritiadvisory.com/corporate_law_services.html

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