The range of our services in this category include :
Incorporation of companies, trust & societies
Winding up proceedings of defunct companies,trusts &
societies
Incorporation of public & private limited companies, trust
and societies
Setting up for branch offices
Setting up for liaison offices
We possess a very rich experience as business advisors and financial
consultants when it comes to business incorporation services or setting up
of corporate and non-corporate facilities. We offer integrated solutions to
fit every aspect of entering the market. From helping our clients understand
how business is done here, to offering a complete 'virtual' accounts
department- we provide assistance and management at every step.
At Neeraj Bhagat & Co., we offer advice on corporate structuring and
conduct review of the long-term and short-term strategy of our clients. Our
professionals have years of experience to share with our clients and they
assist them to manage the whole company in an efficient manner.
We offer our services in winding up of companies, trusts and societies. We
take care of all the legal procedures and manage them on behalf of our
clients. We work in close proximity with our clients and then understand the
next nature of requirement. "Effective solution finding" is our
next and immediate step.
Companies Act
Any company either incorporated or
registered in India are governed by the Companies Act 1956.
Shareholders and Directors
To appoint local director is not required while incorporating a
company in India.
Foreign nationals may also incorporate company in India and may
hold foreign equity up to 100%. This of course depends upon the
sector in which the company will operate and is subject to the
approval from either the Reserve Bank of India (RBI) or the Foreign
Investment Promotion Board (FIPB).
Memorandum & Articles of Association
The Memorandum of Association (MOA) states
the main, ancillary or subsidiary along with other objects of the proposed
company. The Article of Association (AOA) covers the rules and procedures
for the routine conduct of the proposed company, the authorized share
capital of the proposed company and also the names of its first or permanent
directors. Thereafter, both MOA and AOA are required to be stamped.
A stamp duty, depending on the authorized share capital, is to be paid on
both.
Share Capital
Shares should be expressed in fixed
amount. Shares like "No par value" or "bearer" are not
permitted and the shares to be subscribed should be expressed in Indian
rupees.
Accounts & Auditors
Each company is suppose to appoint an
auditor annually at its AGM. The auditor must be qualified by virtue of the
Institute of Chartered Accountants of India Act 1949 and should be
completely independent of the concerned company. The audited accounts of the
concerned company serve as a tool for various stakeholders like creditors,
investors, bankers and revenue authorities.
Public Filings
The names and all the required personal
details of the directors and secretary, share capital, register of charges,
registered office address, and other such particulars should be filed with
the Companies Registry for any public inspection upon incorporation and if
there is any change thereafter.
Annual Meetings
An Annual General Meeting (AGM) is
mandatory to be held once in every financial year and not more than 6 months
after the end of the financial year. For a new company it is not required
until 18 months of its incorporation.
