CORPORATE_GOVERNANCE_SERVICES


Have any question 0612-2500415


	Home Company About Us Team Gallery Services Corporate Services Corporate Compliance Corporate Governance Audit Corporate Finance Services for Non-Residents Accounting Services Payroll Benefits of Outsourcing Income Tax TDS Business Taxation Compliance Services GST Compliance Services Litigation Publications Help Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Query Careers Admin Login Email Login Contact Us

Corporate Governance

Corporate governance is the system through which companies are directed and controlled, focusing on accountability, fairness, and transparency in a company's relationship with its stakeholders. Under the Companies Act, 2013, corporate governance has been given prime importance to ensure ethical management and legal compliance.

As per Section 149 of the Companies Act, 2013, certain classes of companies are mandated to have independent directors to enhance transparency and safeguard stakeholder interests. Furthermore, Section 177 requires the constitution of an Audit Committee to oversee financial reporting and disclosures. Similarly, Section 178 mandates the formation of a Nomination and Remuneration Committee for ensuring fair compensation practices.

Effective corporate governance fosters a company's reputation, strengthens stakeholder confidence, and mitigates risks related to non-compliance. Our team provides expert assistance in formulating and implementing robust corporate governance policies, ensuring adherence to statutory provisions and best practices.

Women Director

Under Section 149(1) of the Companies Act, 2013, it is mandatory for certain companies to appoint at least one woman director. This requirement applies to all listed companies and public companies with a paid-up share capital of â‚¹100 crore or more or a turnover of â‚¹300 crore or more. The provision aims to promote gender diversity and inclusive governance within corporate boards. Our team assists companies in complying with these requirements by facilitating the appointment process, preparing necessary documents, and ensuring timely ROC filings.

Risk Management Committee

Under Section 134(3)(n) of the Companies Act, 2013, the Board of Directors' report must include a statement indicating the development and implementation of a risk management policy for the company. Additionally, as per Regulation 21 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the formation of a Risk Management Committee is mandatory for the top 1000 listed companies by market capitalization. The committee is responsible for identifying, assessing, and mitigating risks that could impact the company's performance and objectives. Our team provides comprehensive assistance in setting up the Risk Management Committee, drafting risk policies, and ensuring compliance with statutory requirements.

Statutory Accounts

Under the Companies Act, 2013, every company is required to prepare and maintain statutory accounts to provide a true and fair view of its financial position. These accounts include the Balance Sheet, Profit and Loss Statement, Cash Flow Statement, Statement of Changes in Equity, and Explanatory Notes. As per Section 128, companies must maintain these records at their registered office and ensure they are accurate and up-to-date. Furthermore, Section 129 mandates that financial statements comply with accounting standards notified under the Act. Our team assists businesses in preparing statutory accounts in compliance with legal provisions, ensuring accuracy and timely submission for audit and regulatory filing.

Annual Return

Under Section 92 of the Companies Act, 2013, every company is required to file an Annual Return with the Registrar of Companies (ROC) within 60 days from the date of the Annual General Meeting (AGM). The annual return contains essential information, including the company's registered office, principal business activities, shareholding pattern, indebtedness, details of directors and key managerial personnel, and any changes therein. Non-compliance may result in penalties and legal consequences. Our team ensures accurate preparation and timely filing of the annual return, maintaining your company's compliance with statutory requirements.

Annual General Meeting and other General Meeting

Under the Companies Act, 2013, the Annual General Meeting (AGM) is a mandatory yearly meeting where shareholders review the company's financial performance, approve accounts, declare dividends, and make key decisions. As per Section 99, the first AGM must be held within nine months from the end of the first financial year, and subsequent AGMs should be held within six months from the end of each financial year, with a gap of not more than fifteen months between two AGMs.

Besides the AGM, companies may hold Extraordinary General Meetings (EGMs) to address urgent or special business matters that cannot wait until the next AGM, as provided under Section 100. Proper notice, quorum, and procedural compliances are essential for all general meetings.

Our team assists in organizing and conducting AGMs and EGMs, including drafting notices, preparing resolutions, and ensuring compliance with all legal formalities.

Corporate Social Responsibility [Newly Applicable Reporting Provisions]

Under the Companies (Corporate Social Responsibility Policy) Rules, 2014, amended recently, CSR reporting has become more detailed and stringent for companies meeting the prescribed criteria. As per Section 135 of the Companies Act, 2013, companies with a net worth of â‚¹500 crore or more, turnover of â‚¹1000 crore or more, or net profit of â‚¹5 crore or more are required to spend at least 2% of their average net profits of the last three financial years on CSR activities.

Newly applicable reporting provisions include:

Detailed disclosure of CSR activities and projects in the Board's Report, including amount spent, unspent amount with reasons, and steps taken to utilize it.
Mandate to upload the CSR report on the company's website.
Annual filing of Form CSR-2 with the Registrar of Companies (ROC) detailing CSR compliance.
Enhanced monitoring and evaluation mechanisms for CSR projects.