Secretarial Services in Bangalore

Every Company in India has to convene an Annual General Meeting (AGM) for its shareholders within 6 months from the closure of every financials year i.e. 30th September of every year, wherein one of the most important agenda is adopting the financial statements of the company by the shareholders of the company.

After the AGM is conducted, there are two filings to be made with the Registrar of Companies which are:

• Filing of Financial Statements (within 30 days of AGM)
• Filing of Annual Return (within 60 days of AGM).

Non-compliance of the above leads to fines, penalties or sometimes imprisonment too.

Any company/LLP in India which has received Foreign Direct Investment (FDI) or has made overseas Direct Investment (ODI) in previous year(s) including the current year has to file annual Return on Foreign Liabilities and Asset (FLA) with the Reserve Bank of India.

This filing should be done by 15th of July every Year.

• Raising Funds

  Start ups and its fundings is one of the most important and common transaction. Valuation of the company, amount of investment, stake to be diluted, type of shares and securities to be issued, the procedure, cost involved and the legalities involved in the same, are some of the areas where we help the founders take the decision.

• Employee Stock Option Scheme/ Plan

  From drafting of the ESOP to vesting and allotment of shares to the employees, we help you in all the steps to finalise your customised Plan.

• Change In Memorandum Of Association

  Memorandum of Association (MoA) of a company is a charter having the basic details of the company and consists of five clauses viz. the Name Clause, Situation Clause, Object Clause, Liability Clause and the Capital Clause containing respective details therein. After incorporation, it is very common that these details might get changed over the years due to various reasons. In such a case, the MoA of the company should change accordingly and intimation for the same needs to be given to the concerned Registrar of Companies within a specified period of time.

• Change In Directorship

  Since a company is an artificial judicial person created by law, it needs natural person to work on its behalf. This is where the directors step in. A collective body of directors are known as a Board of Director. The Board is responsible for the management and day to day activities of the company.

  Directors may be changed in the Board from time to time for various reasons like removal, resignation, extra load of work, etc

  In all the above cases, intimation to ROC is mandatorily required only after which such appointment, removal or resignation reflects in database of Ministry of Corporate Affairs.

• Transfer Of Share

  A shareholder of any company may transfer his share.

  This transfer of share must be registered after executing a Transfer Deed and duly paying the stamp duty on such transfer of asset. The rate of these stamp duty varies from state to state.

• Closure Of Company / LLP

  Started your company but never did any business?

  Have a company but did not run any business for past 2 years or more?

  Whichever be the reason, there’s no point keeping the company active and bearing the non-avoidable expenses. Closure of company has been made really simple over the years so why not just go for it. Let’s take a fast track exit and we will help you in every step.

• FEMA

  With emerging number of start-ups in India and their continuous requirement for expansion and growth, need of funds is increasing at an alarming rate. To cater to their needs and for simultaneous economic development our government has been making continuous effects to make India an Investor friendly market.

  A company may either take these funds as capital or debt.

• Foreign Direct Investment (FDI)

  When a person resident outside India makes an investment directly in the capital of an Indian company, it is termed as a Foreign Direct Investment.This investment can be made through two routes, viz. Automatic and Approval route. The FDI involves filings and intimations to the RBI on timely basis. Ouur team will make sure to get these compliance done smoothly on time.

• External Commercial Borrowings (ECB)

  Borrowing of money from residents outside India by Indian companies are in the form of External Commercial borrowings. These include Loans, Optionally Convertible Debentures, Securitized Instruments, etc.

  ECBs involve timely approvals, intimations and reporting to be done with Reserve Bank of India at different stages of investment or borrowing as the case may be.

  Contact us for more details on the above.

• Transfer Of Share

  Foreign investors can invest in Indian companies by purchasing / acquiring existing shares from Indian shareholders or from other non-resident shareholders.

  In terms of Section 2 (ze) of Foreign Exchange Management Act, 1999 "Transfer" includes sale, purchase, exchange, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien.

  Intimation of the above transfer must be intimated to the Reserve Bank of India. Filing of the same with the Authorised Dealer bank should be done within sixty days of transfer of capital instruments or receipt/ remittance of funds whichever is earlier.

  Contact us for more details on the above.