Corporate Services
Many a time’s lacks of proper documentation or record can prove to be very costly for a company. Our outsourced secretarial services ensure that companies comply with all legal requirements relating to the Companies Act and the Foreign Exchange Management Act (FEMA) so that the companies are always on the right side of the law.
Our services include:
- Incorporation services: Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners, with its own rights and obligations.
Incorporation has many advantages for a business and its owners, including protection of the owner's assets, because the company is liable for its own debts. Other advantages include the easy transfer of the business to another party through the sale of shares; the possibility of tax planning for the owner through the use of a lower tax rate than ones for personal income; and access to financing for business activities through, among others, the sale of stock.
We at Yuv Accountax provide services in respect of incorporation of domestic companies, Wholly Owned Subsidiaries, LLP’s, JV’s, Branch and Liaison offices.
- Compliance services: Every company is required to comply with the requirements under various laws prevailing in the country where the company is registered for running its business smoothly.
Below is the list of some of the compliances required under Company Act.
- Board Meetings: Every company is required to hold minimum no. of a board meeting in a year at definite intervals to consider the policy issues and major problems.
- Annual General Meeting (AGM): This is a shareholders meeting that needs to be held every year. Approval of financial statements, declaration of dividends, the appointment of auditors, etc. is the primary agenda for this meeting. AGM needs to be held in the city where the registered office of the company is situated.
- Annual Filing of Forms: There are a number of annual forms that need to be filed beside the annual financials. The information is quite detailed and talks about shareholdings, directors, financials, etc. All these forms are required to be certified by a practicing Chartered Accountant or practicing Company Secretary.
- Maintenance of Statutory Register & Minutes Book: A number of registers are required to be maintained, such as‐ Register of Member, Register of Directors, Register of Contracts, Register of Charges, etc.
We at Yuv Accountax assist our clients in complying with the above-mentioned requirements under the Companies Act along with the filing of documents with the RBI under FEMA(wherever required).
- Advisory :We also assist our clients in providing opinions on matters related to Companies Act and FEMA.