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Corporate Law Advisory & Compliance
In India’s dynamic regulatory landscape, balancing compliance and competitiveness is challenging. Bhanushali & Bhanushali offers expert corporate law advisory, helping businesses stay compliant while ensuring transparency and efficiency through our multidisciplinary team's support.
Our advisory services act as vital safeguards in today’s complex business environment. We assess governance, systems, and controls, providing tailored recommendations for strong compliance. We assist both domestic and foreign companies entering the Indian market.
Additionally, we support foreign directors with due diligence and regular compliance updates, ensuring seamless adherence to legal requirements.
FREQUENTLY ASKED QUESTIONS ABOUT Corporate Law Advisory & Compliance
1: How can you help us with Corporate Law Advisory?
Corporate law advisory provides businesses with guidance on governance, compliance, and legal obligations under the Companies Act, 2013. This framework, managed by the Ministry of Corporate Affairs (MCA) through bodies like the Registrar of Companies (RoC), governs incorporation, management, mergers, and liquidation.
Businesses must maintain statutory registers, file annual returns, hold board meetings, and meet financial disclosure norms. Key areas like corporate social responsibility (CSR), director duties, and non-compliance penalties are also covered under the Act.
How We Help: At Bhanushali & Bhanushali, we simplify corporate compliance by:
• Assisting with domestic and foreign company incorporation as per MCA guidelines.
• Handling RoC filings, approvals, and amendments.
• Advising on restructuring, mergers, and acquisitions.
• Drafting key legal documents like MOAs, AOAs, and resolutions.
• Conducting compliance audits to reduce risks and ensure governance.
With our expertise, we ensure your business operates within the legal framework, minimizing risks while allowing you to focus on strategic growth.
2: What does fulfilling Annual Compliance mean?
Annual compliances refer to the mandatory filings and disclosures that companies must adhere to every financial year under the Companies Act, 2013. These include:
• Filing financial statements and annual returns with the Registrar of Companies (RoC).
• Conducting and documenting Annual General Meetings (AGM).
• Ensuring compliance with tax regulations and other statutory requirements.
• Outstanding payments to Micro, Small or Medium Enterprises (‘MSME’) in MSME Form I
• Annual Return of Deposits (including for amounts which are not deposits) in Form DPT – 3
3: Borrowings, Loans, advances & Investments
Investment in shares/ other securities
• Granting loans to other Companies/ entities
• Borrowings from other companies/ Directors
• Charges/ encumbrances against assets
• Change in terms of the Loan taken earlier.
• Full payment of the amount of loan taken against the property of the Company.
4: Director Related Compliances
• Board Changes: Managing appointments, resignations, or removals of directors.
• Key Personnel Appointments: Facilitating MD and WTD appointments per legal norms.
• Director Remuneration: Structuring MD/WTD compensation as per statutory rules.
• Related Party Transactions: Ensuring compliance for dealings involving directors, relatives, or associated entities.
• Loans to Directors/Members: Advising on loans to directors, members, or related entities within legal limits.
• Group Company Loans: Structuring intra-group financial arrangements in compliance with laws.
• Deposit Acceptance: Managing deposits from directors, members, or relatives as per regulations.
• Bank Account Updates: Guiding on account openings, closures, or signatory changes with proper documentation.
5: Board Meetings & Secretarial Records
• Convening the Board and General meetings of the Company
• Submission of Resolution to any other third party/ any authority
• Maintenance of Minutes of Board meeting
• Maintenance of minutes of general meetings and its attendance.
• Agreement entered by the shareholders of the Company where Company is a Party.
6: Administration, Policies & Procedures
• Document Execution: Managing documents requiring the company’s common seal as per formalities.
• Asset Transactions: Assisting with the purchase or sale of fixed assets while ensuring compliance.
• New Ventures: Guiding partnerships or business alliances, including agreement reviews.
• MoA Amendments: Handling changes to objectives, capital structure, or key clauses in the Memorandum of Association.
• AoA Revisions: Assisting in modifying the Articles of Association for restructuring or collaborations.
• Office Relocation: Managing statutory procedures for shifting the registered office.
• Auditor Changes: Overseeing the appointment or replacement of statutory auditors as per regulations.