COMPLIANCE SUPPORT
Company law provides legal compliance which are required to be followed by every company.All the compliances provided under the Company Law are divided into twosections for making it easy to understand. These two sections are; Mandatory Compliances and Event Based Compliances.
Companies that are registered in India are governed by the provision of Companies Act 2013. Compliance support involves legal compliance required for every company for example, the reporting of Financial results to the Ministry of Corporate Affairs, reporting of changes in management, maintenance of statutory registers, auditing of accounts, conducting of Board meetings and Annual General Meetings etc.
Numbro’s Role
Numbro Shares knowledgeable insights of the board composition, capital structure, meetings with regard to the board & shareholders for the smooth functioning of board rooms.
Numbro helps with the Time bound & event based advisory & Reporting to Ministry of Corporate Affairs and Reserve Bank of India.
Numbro provides Corporate secretarial services, legal opinions, and Corporate compliance management.
Numbro helps with Representation before Registrar of Companies, Regional Director, Ministry of Corporate Affairs, National Company Law Tribunal, and other forums.
Numbro Provides advisory services for meeting deadlines with regard to Compliances.
FAQ's
The Companies Act 2013 applies to every entity that was incorporated under Companies Act 2013.It applies to both kinds of companies, Public and Private limited.
The nature of Compliances is event based and time based, where the reporting has to be done to Registrar of Companies & Ministry of Corporate Affairs. In the event of Foreign Direct investment, reporting should to be done to Reserve Bank of India, based on the nature of the transaction.
Recently, the Government closed down more than 2 Lakh companies and disqualified more than 3 Lakh directors for non-compliance of various provisions of the Companies Act. Directors who are responsible, are penalised and thecost of non-compliance is always more than cost of compliance.