Company Law

We provide services in the following areas of Company Law in India -

Incorporation of Limited and Private Limited companies, One Person Companies (OPC), Limited Liability Partnerships (LLPs)
Secretarial Services including effecting changes in Memorandum, name, objects, etc.
Annual Return filing with Registrar of Companies (ROC)
Company mergers and acquisitions
Employee Stock Options – framing the policy and execution
Due Diligence (DD) – Financial, Accounting and Legal
Preparation of shareholder agreements and term sheets
Issue of Debentures
Charge creation and satisfaction of charge
Company winding up services
Conversation of firm to private limited company
Statutory audits

Secondly, based on our past experience, we have short listed the most commonly asked questions by the companies regarding Auditing in India. We are sure the following FAQs will answer most of your questions!

Can a partnership firm be converted into a company?

Yes, it is possible. However, there are certain requirements, one of which is that the firm should have a minimum of 7 partners.

Can a proprietary concern be converted to a firm or a company?

ere is no formal process of conversion. One can start a private limited company and transfer all the assets and liabilities of the proprietary concern to the company. The new company has to obtain registrations under GST, PAN, TAN, Shops act, Profession Tax separately.

Can a private company issue debentures?

s. A private company can issue debentures. A company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption

Compliance under Company Law for a private limited company

Appointment of Auditor

The auditor has to be appointed within one month of the inauguration of the enterprise. (File a form ADT – 1 within 15 days)

Annual Return

Within a period of 60 days from the last annual meeting held. (The annual returns will be calculated from 1st April to 31st March) (Form MGT – 7)

Filing financial statements

Within a period of 30 days from the last annual meeting held. (Form AOC – 4)

Annual General Meeting (AGM)

It is mandatory to conduct AGM within 6 months before closing of the financial year at Registered Office of the company

Board Meetings (BM)

(a) Atleast 7 days’ notice prior to the date of BM (b) The first BM to be held within 30 days of Incorporation (c) Atleast 4 BM to be held in a year (in case of small companies, a minimum of 2 meetings to be held)

Other compliances – filing forms with ROC

(a) Giving loans to other companies (b) Providing loans to directors (c) Change in paid-up capitals of the enterprise. (d) Opening or Closing up bank accounts (e) Appointment or Change in Auditor of the Enterprise (f) Allotment on new shares or transfer of shares