Regulatory Advisory
Regulatory Advisory
Globalization and liberalization have impacted Corporate India tremendously. Corporate India have undertaken cross border transactions involving foreign investments, formed trade councils, etc. leaving no stone unturned to make its presence felt globally. This dynamic environment, in which a corporate entity functions, is entwined in a complicated legal and regulatory labyrinth requiring compliances at every step. Liaisoners team helps its clients focus on their business while, it focuses on ensuring compliances.
We assist our clients to examine a proposed action or strategy vis-à-vis the Indian regulatory environment. Our experts from varied service verticals work together and provide clear advice on matters which could concern Foreign Exchange Management Act (FEMA), Foreign Direct Investment (FDI), Company Law, Direct and Indirect taxes, labor matters, Special Economic Zone (SEZ), etc.
We provide a whole gamut of Corporate Secretarial Services right from formation of an entity, corporate structuring and ensuring periodic compliances. We help to meet statutory requirements viz drafting and maintaining statutory records such as minutes of meetings (Annual, Shareholders, Board), appointment and resignation of key personnel, increase/reduction in capital, etc. We organize the office infrastructure and manpower during the ‘in transit period’ when a company is in the process of setting up, including acting as nominee resident directors, which has helped build a strong and valued relationship with our clients.
Our Services
- Setting up place of business in India, Registration of various forms of business entities in India viz. Private company, Public company, Limited Liability Partnership, Non-profit company, One Person Company, Foreign company etc.
- Conversion of one form of business entity into other viz. Conversion of Private/ Public company into Limited Liability Partnership/ One Person Company etc.
- Ensuring event based, monthly, quarterly and annual compliances under Company Law, Foreign Exchange Laws, SEBI Laws, Labour Laws and other applicable laws.
- Assistance in conducting Board meetings and Shareholders meetings as per secretarial standards
- Advising Board Members to implement their responsibilities in the best interest of the company and stakeholders
- Merger, Amalgamation and De-merger
- Winding up/closure of entities in India or obtaining Dormant status for inactive companies
- Seeking approvals from Regional Director, Company Law Tribunal or other authorities for Shifting of registered office, Condonation of Delay, Compounding of Offences, Oppression & Mismanagement etc.
- Restructuring of the capital structure of the Company
Compliances - Acts/ Laws
- Calculation of PF liability & preparation of Monthly PF Statement
- Preparation of Monthly Return (ECR)
- Uploading ECR & Providing Payment Challan/Link to the Client
- Generation of UAN for every new employee
- Assistance in preparing the following employee forms:
- Form 2 – Employee Provident Funds Nomination
- Form 11 – Declaration of employee for PF applicability
- Form 9 – Employee PF membership Record
- Form 19 – Employees Provident fund Withdrawal
- Form 10C – Employees Pension Withdrawal
- Form 20 & 10D – Employees Death Benefit
- Form IW1 – Statement Showing the details of Employees qualifying for membership as International Workers
- Help the employees in filling of form 10C, 13, 19 etc. for withdrawal/ transfer of outgoing members. Follow up with PF authorities for:
- PF withdrawal/ transfer claim forms
- Death case and advances
- Assist in procuring PF statements from RPFC
- Attend periodical Statutory Inspections held by the officials, correspondence and compliance with officials whenever required.
Category – ESIC
- Calculation of ESI liability & Preparation of ESI Monthly Statement
- Uploading electronic contribution on ESIC online portal to generate the monthly challan
- Generating TIC (Temporary Identification Card) for new employees covered under ESIC
- Providing information pertaining to Empanelled Doctors, Hospitals, etc
- Providing various Forms required to avail ESI Benefits by the employee
- Advise & Guidance on ESI Benefits like Medical, Maternity Benefit etc to the employees
- Preparing & Submission of Accident Report on case basis
Category – Ptax
- Preparation of Monthly/Half Yearly/Annual Challans as per periodcity prescribed in state rules
- Preparation of Periodical Online Returns as applicable to the respective states
Category – LWF
- Preparation of Periodical Returns as applicable to the respective states
- Preparing Register of unpaid Accumulations on Quarterly Basis
- Submission of Challans & Returns at the respective Department Office
Category – Other statutory compliance
- Maintancence of various Registers and records of Wages, Attendance, Leave, Lime Washing etc as prescribed in the formats of the respective State Labour Department except for Leave Cards & Wage Slips
- Guidance on provisions of the act pertaining to Working Hours, Leaves, Holidays & related procedural aspects of employment governed by the act
- Preparing & Submission of Periodical Returns as prescibed under respective State Rules
Category – Other statutory compliance
- Compliance related to Registers of Wages, Attendance, Leave, Adult Workers, Overtime, Advances, Damages, Fines, etc as prescribed in the formats of the respective State Factories act except for Leave Cards & Wage Slips
Category – Other statutory compliance
- Assistance & Guidance in forming Committee as prescribed in act
- Guidance for Maintaining of Minutes book as prescribed in the act
- Guidance of act provisions & rules thereunder as & when required
Category – Other statutory compliance
- Preparation of Notice of Opening in Form A to the authority on opening of New Branch
- Guidance for Preparation of Nomination in Form F for every new joinee
- Assistance in calculation of Gratuity Payable for every eligible employee
- Preparing & submission of Notice in Form L to the Labour Department periodically
Category – Other statutory compliance
- Preparation of Muster Roll cum Wage Register, Over Time Register in the prescibed state formats
- Calculation of Arrears in Minimum wages periodically on account of revision in rates
Category – Other statutory compliance
- Calculation of Statutory Bonus at the end of Financial Year on the basis of the Bonus rate declared by the Establishment
- Preparation of Bonus Register in From C under the act
Category – Other statutory compliance
- Preparation of Register in Form 10 under rule 12(1) of the act
- Providing assistance in Procedural Guidelines, Application forms required by the employee for adminstrative formalities under the act
Category – Other statutory compliance
- Preparation of Register in Form D under the act
Category – Other statutory compliance
- Preparation of Register of Advances in the format prescribed by the respective state act
Category – Other statutory compliance
- Preparation of Register of House Rent Allowance in Form A
- Preparation of Register of Workmen in Form II
Category – Other statutory compliance
- Filing of periodical Returns as prescribed under the State rules
- Guidance to Employer on provisions of the act & rules
Category – Other statutory compliance
- Guidance to Employer on provisions of the act & rules
Category – Other statutory compliance
- Preparing & Filing Notice of Holidays with the Labour Department
- Providing Notification of Holidays issued by the State Labour Department
Category – Other statutory compliance
- Maintaining Register of Contractors employed by Establishment in prescribed format
- Preparing & Submission of Periodical Returns as prescibed under respective State Rules
Category – Other statutory compliance
- Compliance related to Registers of Wages, Attendance, Leave, Adult Workers, Overtime, Advances, Damages, Fines, etc as prescribed in the formats of the respective State act except for Leave Cards & Wage Slips
- Registration of eligible Beneficieries on Quarterly Basis
- Guidance on calculation of Cess & remittance on case basis
Category – Other statutory compliance
- Preparing the Migrant Register on Monthly Basis
- Preparing Register & Record related to Leave granted as per the provisions of the act as prescribed in state rules
