Complete Corporate Law Solutions

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Complete Corporate Law Solutions

  1. 1. COMPLETE CORPORATE LAW SOLUTIONS Presented By: Arun Gupta & Ankit Singhi
  2. 2. VISION 2010
  3. 3. Vision essentially is a dream. And when we talk in corporatesense, Vision is a dream with a deadline..From this perspective, vision need to have following fivecomponents: An ability to inspire.  A sense of Worthiness.  An invitation to share.   It should be in clear and understandable detail   It should be achievable. 
  4. 4. OUR STRENGHTS        Quality Work        Timely Completion        Experience & Knowledge       Best & effective Liasoning        Contacts
  5. 5. OUR WEAKNESS       Lack of manpower       Ineffective Marketing        Lack of Research Material      Developing Core Competencies       carelessness
  6. 6. FUTURE MAKEOVER
  7. 7. Company Law Solutions DepartmentDepartment Liaisoning  Services/Products
  8. 8. DEPARTMENTAL LIASONING
  9. 9. SERVICES UNDER ROC FORMATIONS CONVERSIONS REPORTS CHARGE MANAGEMENT SHOW CAUSE NOTICES INSPECTION, INVESTIGATION AND COMPLAINTS CLOSURE OF COMPANY APPROVAL SERVICES SEARCH REPORT
  10. 10. COMPANY LAW BOARD/NCLT Compounding u/s 629A of the Act, 1956; Shifting of Registered Office form one state to another; Sec 397/398, Oppression and Mismanagement cases; Condonation of delay in registration of charges; Condonation for delay in filing CLB order; Rectification of register of Members; Application for Investigation of affairs of a company u/s 235 of the act; Approval for issue of shares at discount; Applications/Representations in the area of Fixed deposits ;
  11. 11. REGIONAL DIRECTOR Approval for shifting of registered office from the jurisdiction of one ROC to another within the same state Appointment of Auditor by CG Removal of Auditor Sec 297 Approval Compounding Inspections License under sec 25 Merger
  12. 12. SERVICES/PRODUCTS
  13. 13. INCORPORATION Companies NGO’ Foreign Branches  LLP 
  14. 14. OPPORTUNITIES UNDER INCORPORATION Reality Boom Online Incorporation Incorporation package
  15. 15. AUDITS   Following types of Audits are in offering Secretarial audit Compliance Audit Securities Audit Corp Gov Audit Labour laws audit Internal Audits just like financial
  16. 16. WHY VOLUNTARY AUDIT ? MCA21 Corporate Governance 
  17. 17. MCA21THE FUTURE HEAD
  18. 18. IMMEDIATE ENCASHMENT      
  19. 19. MCA21 READYArrangement of hardware required for MCATimely updation of Master DataCorrection of CINE-search
  20. 20. INSPECTIONS
  21. 21. Under this head, we will offering a complete “Inspection- Solution” package, which will cover the following :   Pre-inspection preparation/audit     Drafting of reply to Inspection report    Liasoning with MCA and RD offices with respect to Inspection report     Compounding of contraventions in case of default admitted     Handling of prosecutions
  22. 22. COMPOUNDINGS
  23. 23. Following types of compounding will be offered:       Compounding of general contraventions      Compounding arising out of inspection      Condonation for delay in registration of charges      Condonation for delay in filing variousreport/orders with the ROC 
  24. 24. RETAINERSHIPS
  25. 25. We will architecture various “Retainership model” includingthe following:        Preparation and drafting of secretarial records       Legal opinions       Solutions to specific problems       Vetting of legal agreements (Inter Departmental work)       Corporate Law compliances       Labour law compliances (Inter Departmental work)       Securities law compliances. (Inter Departmental wor)       Corporate Governance- Audit & Implementation       Approvals under various laws
  26. 26. CERTIFICATIONS
  27. 27. We will provide the following certifications:       Compliance certificates      Corporate Governance certificates      Certificates under securities law      Certification of forms and other certificatesunder company law      Certificates under various regulations of FEMA      Annual Return certification
  28. 28. CORPORATEANALYSIS/JANAMPATRI FOR INDEPENDENT DIRECTOR
  29. 29.     NEEDS OF INDEPENDENT DIRECTOR      Information relating to the management of the company       Business structure       Level of Corporate Compliances       Financial performance of the company (in last three years)       Information of various prosecutions (if any) launched against the company Any other defaults (if any)
  30. 30. E-SEARCH
  31. 31. INNOVATIVE SEARCH      General search Search based on directorship  Search based on properties(another big thing to happen) Business take over search Event wise search, for example to the number of companies promoted by a particular person  Same management company search
  32. 32. ONLINE AUDIT
  33. 33.   PROCESS  Drafting of Questioner Posting of Questioner on website Invitation to Companies to fill the Questioner and submit it; Back office will prepare a report on the basis of questioner filled A report will be send to company online after attaching digital signature based on the information produced.   We may advertise such product like CP Cert.
  34. 34. CORPORATEGOVERNANCE
  35. 35. In the future ahead Corporate Governance would be thenext big buzz not only for the listed companies but for all those companies who want to be better managed, bettergoverned and want to create value for their share holders. In there this endeavor, Corporate professionals will partner them by providing:          Effective and regular Corporate Governance Audit        Effective and time bound Corporate Governance Implementation
  36. 36. TECHNICAL SCRUTINY OF BALANCE SHEET
  37. 37.   The Legal angel of Drafting of Balance Sheet is to comply all theprovisions of Companies Act 1956 read with schedule and Accounting Standards.   If we will talk about the deepness of such provisions and also theview of Department, almost 95% of the Companies do not comply the each of provisions of the act.   We will offer the service relating to technical Scrutiny of BalanceSheet from the point of sec 211 and schedule VI before presenting it to Board of Director of the for approval. It is an annual assignment.   Opportunity   This is the Vision of Ministry of Company affairs towards implementing MCA 21. so we have to match our vision with their vision.   Threats   Only Big size Companies will ask for such services.  
  38. 38. PREPARATIONS
  39. 39. PREPARATIONS Software  Books Website Database Manpower Ramaiya-CD Book on Drafting Legal Company Law update Listed Co’ in Delhi Two CS(1-2) expSoftware like Co-Sec Client Co’s Two trainee Big MNC,s Big Law/CA firms
  40. 40. IN-HOUSE INTELLECT DEVELPOMENT
  41. 41.   WEBSITES ON OFFERING       Website on Incorporation with emphasis on doing business in India Website on section 297 and related party transaction (another revolutionary idea) Website on Managerial Remuneration etc
  42. 42. E-NEWSLETTER     Latest update on MCA21 Latest update in the field of Corporate Law Latest Cases Practical Knowledge on MCA21 Latest FAQ’s One Article on key topic Monthly Compliances Inviting Queries
  43. 43. REVENUE & COST
  44. 44. S. Services Quantity Rate Monthly YearlyNo1 Incorporations 10 20,000 2,00,0002 Secretarial Audit 02 25000 50,0003 Retainership 10 15000 1,50,0004 Certifications 50 5000 2,50,0005i Other 25000 3,00,000 certifications6 Internal Audit 20 25000 5,00,0007 Compounding 2 25000 50,000 6,00,0008 MCA approvals 5 30000 1,50,000 18,00,0009 Inspection 1 100000 1,00,000 12,00,00010 Corporate 5 25000 2,50,000 Governance Audits11 ROC Compliances 5000012 RD Compliances 50000 TOTAL 8,25,000 10750000
  45. 45. MCA 21 Services No. of Clients Groups 100 Average No. of Group Companies 5 Total No. of Companies 500 No. of Companies needs Correction (Approx 80%) 400 Fees per company 1000-2000 Expected Revenue (400* 1000) Rs. 400000-800000
  46. 46. EXPECTED COST Salary-15 % Out of pocket expenses-10% Indirect Exp. – 15 % Net Profit = 100% - 40% = 60% Net Profit = Approx. Rs. 70,00,000.00 per annum
  47. 47. ROADBLOCKS/THREATS
  48. 48.     The New Company Law- the degree of liberalization will definitely be more     Lack of effective marketing     Low fee structure of Competitors     Innovative ideas are always risky and required testing     Lack of recognization as Knowledge hub
  49. 49. MARKETING STRATEGY
  50. 50. PLAN OF ACTION Quality services always leads to automatic publicity Developing a standard e-mail for various types of our service & products E-newsletter Marketing our Website through goggle search Mouth publicity Preparing a list of target people
  51. 51. FCRA DEPARTMENT
  52. 52. FCRA is one another department, which offersus enormous wok opportunities in the form ofthe following:       Registration of NGO’s for receiving foreign contribution      Prior approval for receiving foreign contribution      Other general compliances under the act 
  53. 53. RBI/DIPP/FIPBDEPARTMENT
  54. 54. This area is one of the another important area whichstill remains unexplored by our organization. Itprovides work opportunities in the form of:       FDI approvals      Approval for establishing SEZ, Industrial Park, STPI      Industrial license      IEM      Transfer of shares from resident to non-resident and vice-versa      Establishing of branch /project/liaison office      NBFC
  55. 55. PLANNING & EXECUTION
  56. 56.   TO DREAM IS A LUXURY OF ALLBUT TO ACHIEVE IS A CALIBER OF FEW
  57. 57. A report can be prepared by anyone but whatlies beneath is its successful execution within agive time frame, which only requires threesimple things:  Commitment  Time  LabourWe Pose our commitment to the organisation.We mean it.
  58. 58. Suggestion, Support andIdeas are always invited from CP Parivar.
  59. 59. THANKS FOR PATIENT HEARING &BEST OF LUCK TO CP

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