Nagpur
+919511719169
SECRETARIAL AUDIT

SECRETARIAL AUDIT

Phone Number

+919511719169

Email Address jainparanjape@gmail.com

Mon-Thu: 10 AM - 2 PM • Fri: 3 PM - 7AM

Address 207, 2nd Floor, Crystal Plaza, 276, Central Bazar Road, next to KRIMS Hospital, Ramdaspeth, Nagpur, Maharashtra 440010

Nagpur, India, 440010

Description

SECRETARIAL AUDIT Secretarial Audit is an independent process assuring to add value and improve an organization’s operations. It helps to bring a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. An audit is to be on the principle of “Prevention is better than cure”. It strengthens the image and goodwill of a company in the minds of regulators and stakeholders. It acts as an effective compliance risk management tool or a governance tool. The benefits are available to the following stakeholders of the company: Promoters Executive directors Officers of the company Regulators Government authorities Investors Banks Creditors and consumers and others SECRETARIAL AUDIT IS A PROCESS To check compliance with the provisions of various laws and rules/regulations/procedures, maintenance of books, records etc. By an independent professional To make sure that the legal and procedural requirements are complied with Also followed the due process It is essentially a mechanism to monitor compliance with the requirements of stated laws SECRETARIAL AUDIT REPORT Every company to which the secretarial report applies: It shall be prepared by a Company Secretary in Practice It shall be prepared in Form MR 3 Annexed with Board’s Report, considering the increasing importance of Corporate Governance APPLICABILITY: As per section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, following companies are required to obtain ‘Secretarial Audit Report’ from independent practicing company secretary: Every listed company Every public company having a paid-up share capital of Fifty crore rupees or more Every public company having a turnover of Two Hundred Fifty crore rupees or more Every company having outstanding loans or borrowings from banks or public financial institutions of one hundred crore rupees or more. For the purposes of this sub-rule, it is hereby clarified that the paid-up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of the latest audited financial statement shall be taken into account. Secretarial Audit is also mandatory for a private company which is a subsidiary of a public company, and which falls under the prescribed class of companies.

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Other Services

Other Services Procurement of Class 3 DSC (Validity 2 Years) for Individuals and Organizations - Signing and Encryption Certifications of E-forms as required under the Companies Act, 2013 Certification of MGT 8 Filing annual returns with the Registrar of Companies (ROC) Organizing the board and general meetings Maintaining statutory registers, common seal, minutes books for the board and general meetings, and issue of share certificates Assisting in preparing notices, agendas, minutes, and resolutions of board meetings, and general meetings Filing periodical forms for matters relating to directors, capital structure, the shifting of the registered office, alterations in the memorandum, and articles of association Drafting and Vetting of Agreements including but not limited to Shareholders Agreement, Share Purchase Agreement, Restructuring Agreement, Bonus Entitlement Agreement, etc. Due Diligence Report, Brisk Reports, Search Report Fund and Investment Consultancy Organization Closure/Winding Up Quick Track Merger FSSAI license Consultant/Agent ISO certifications Food License IEC Code Registration 80G 12AA Registration for NGO/society RO Shifting one state to another state AGM extension consultant

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INSOLVENCY AND BANKRUPTCY PRACTICE

INSOLVENCY AND BANKRUPTCY PRACTICE Our team have handled various insolvency and bankruptcy matters under the Insolvency and Bankruptcy Code, 2016 and Regulations made thereunder, before the Adjudicating Authority (NCLT) and Appellate Authority (NCLAT). We have made representations to various regulators, authorities, tribunals and appellate tribunals and have reported case laws on this subject. Our services under Insolvency and Bankruptcy Practice areas are as under: Study, analysis and advisory on commencement of insolvency or bankruptcy proceedings against companies, LLPs and individuals Drafting of application and representing financial creditors against corporate debtors for commencement of Corporate Insolvency Resolution Process (CIRP) before the Adjudicating Authority Drafting and issue of demand notice on behalf of operational creditors Drafting of application and representing operational creditors against corporate debtors for commencement of Corporate Insolvency Resolution Process (CIRP) before the Adjudicating Authority Drafting of application and representing corporate debtor for commencement of Corporate Insolvency Resolution Process (CIRP) before the Adjudicating Authority Drafting of application and representing corporate debtor for commencing liquidation proceedings Representation and pleadings against application for commencement of Corporate Insolvency Process (CIRP) before Adjudicating Authority Drafting of appeals and representation before Appellate Authority against decision of Adjudication Authority Drafting of Resolution Plan Designing Evaluation Matrix for evaluation of Resolution Plans Implementation services of Resolution Plan Transaction advisory in respect of corporate or capital restructuring during CIRP Transaction advisory for commencement of liquidation process Transaction advisory for voluntary liquidation of companies Advisory and opinions on questions of law under the Insolvency and Bankruptcy Code, 2016 and Regulations made thereunder We have CS IP Murli Lahoti, a registered Insolvency Professional and member of the Institute of Company Secretaries of India (ICSI), who has handled Corporate Insolvency Resolution Process (CIRP) and Liquidation of Companies. He can render the following services. Officiating as Interim Resolution Professional (IRP) upon commencement of CIRP Resolution Professional (RP) upon commencement of CIRP Company Liquidator (CL) for liquidation of companies Representing financial creditors or operational creditors in meetings of Committee of Creditors (CoC) during CIRP of corporate debtors.

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XBRL Filing and Data Conversion

XBRL Filing and Data Conversion With the help of our expert group, we have been providing XBRL Conversion Services since 2011. These services are rendered by our professionals while keeping in mind the precise requirements of clients. To render these services, our skilled professionals use advanced techniques and approaches. Besides, our valuable clients can avail of these services from us in customized solutions and at market-leading rates. Our offered services are acknowledged for timely execution (i.e., four hours after providing all the information and records). Call for Demo: Complete Balance Sheet can be Prepared, Validated, and Pre-Scrutinized in Demo Version. Applicability of XBRL Many individuals or organizations are puzzled about the relevance of XBRL (Filing of Documents and Forms in Extensible Business Reporting Language). MCA issued a Notification on 06th November 2017, regarding the clarification on the mandatory relevance of XBRL on specific Companies. These guidelines may be known as the Companies (Filing of Documents and Forms in Extensible Business Reporting Language), Amendment, Rules, 2017. Filing of financial statements with Registrar: The following categories of companies will file their financial statements and other reports under section 137 of the Act with the Registrar in e-form AOC-4 XBRL as per Annexure-I: Companies LISTED with stock exchanges in India and Their Indian Subsidiaries; Companies having Paid-Up Capital of Five crore rupees or above; Companies having Turnover of One Hundred crore rupees or above; All companies which are required to prepare their financial statements as per Companies (Indian Accounting Standards) Rules, 2015. Exempted Companies: Non-Banking Financial Companies; Housing Finance Companies; and Companies engaged in the Business of Banking and Insurance Sector.