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
We KAPG & Associates have been providing Company Law services to various industries such as Information Technology (IT), ITES, manufacturing, garments, pharmaceuticals, Ecommerce, automobiles, real estate, etc. We are also providing extensive services to startup ventures, incubators, etc. In case, you need these services, we would be glad to assist you. please Contact Us
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