In India, companies are regulated by the Registrar of Companies (ROC) that require various compliances on the part of companies during the pre-incorporation and post-incorporation phases. These compliance include company incorporation, LLP incorporation, annual return filing, maintenance of statutory registers, other submissions, maintenance of minutes book, etc.
At JKPP & Associates, we take care of all the compliances required to meet by a company under relevant company laws. We undertake assignments on an annual as well as a case-to-case basis. Company Secretarial Services also include expert advice on guiding the clients on the appropriate form of organisation for their brand, say a Company or an LLP.
Company secretarial services are not the traditional work of a secretary, as the name might suggest, but rather it refers to the level of administrative function within a business that ensures good corporate governance, effective administration and compliance with legislation, laws and regulations that govern business and industry.
When it comes to keeping entities in good standing, year round – a struggle for even the largest international company, especially in the remote corners of your operations. We will help you with all this and more:
1. Filing annual accounts and tax returns with local authorities
2. Completing standard legal procedures for directorships, shareholders, entity names and registered addresses
3. Drafting customary legal documents
4. Managing communications with investors and employees
5. Maintenance of books and records
6. Constant tracking of entity registrations and compliance deadlines
7. Alerts for local regulatory and legal changes.
Hiring a company to perform company secretarial duties on your behalf can offer following considerable benefits to your business:
1. They will effectively manage your duties and responsibilities
2. They are experienced professionals.
3. Perform duties in a stated time without trouble.
4. Save on training costs
5. Take advantage of the latest technology.
6. Eliminate risk
The provisions of secretarial audit are applicable to :
(a) Every Listed Company.
(b) Every public company having –
i) Paid up share capital > Rs. 50 crore
ii) Turnover > Rs. 250 crore
If anyone of the criteria meets then secretarial audit is mandatory. A practicing Company Secretary has been recognized to conduct a secretarial audit.
Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.
Every company which has a paid-up share capital of Rs 10 Crore or more is mandatorily required to appoint the whole time CS (Company Secretary).
According to Section 92(2) of the Companies Act, 2013 read with rule 11(2) of Companies Rules 2014, the annual return of a listed company or a company having paid-up share capital of Rs 10 crore or more and a turnover of Rs 50 crore or above will be certified by the company secretary in practice, and the certificate shall be in Form No MGT 8.