Overview of Secretarial Audit
The Secretarial Audit is a process where a Secretarial Auditor checks whether the organisation complies with applicable laws and regulations. There are certain features of secretarial Audit which are given below:
Applicability of Secretarial Audit
Secretarial Audit is a mandate for the below-mentioned companies. Also, these companies are required to prepare the Secretarial Audit Report.
Important Provisions pertaining to Secretarial Audit
The necessary provisions pertaining to Secretarial Audit are given below
Benefits of a Secretarial Audit
The Benefits of a Secretarial Audit are as follows:-
Beneficiaries of Secretarial Audit
The beneficiaries of Secretarial Audit are-
Laws specifically mentioned in the Secretarial Audit Reports
In terms of the Secretarial Audit report, the Secretarial Auditor needs to examine and report the compliance with the following Laws-
Pre- Requisites for a Secretarial Audit
The prerequisites are given below:
Eligibility Criteria for the Appointment of a Secretarial Auditor
The Members of the ICSI (Institute of Company Secretaries of India), holding the certificate of practice which are validated to perform a secretarial audit, can only conduct a Secretarial Audit and prepare the Secretarial Audit Report of the Company.
Documents are required for Secretarial Audit.
Below-mentioned documents are required for Secretarial Audit-
Procedure of the Secretarial Audit
The procedure for Secretarial Audit is given below:-
- Appointment of Secretarial Auditor
- Communication to earlier Incumbent
- Acceptance of Appointment by the Secretarial Auditor
- Preliminary Meeting with the Auditor
- Finalization of the Audit plan and briefing the staff
- Testing, Interview and Analysis
- Preparation of Working Report
- Audit Summary for Discussions
- Submission of Secretarial Audit Report
The appointment of a Secretarial Auditor is made by passing a resolution in the Board Meeting.
After passing the resolution, the next step is formally informing the secretarial auditor about his appointment. This can be done by proposing an engagement letter to the Secretarial Auditor.
After the formal communication of employment, the secretarial auditor needs to accept the appointment by signing the Letter of Engagement.
Initial Discussions about the company with the Secretarial Auditor The next step is to discuss the company with the secretarial auditor so that he know the structure of the company
After this, there is a meeting with the auditor to decide to make an audit plan.
After the meeting with the auditor and discussing the audit plan, the next step is to finalize the audit plan and inform others about the same to other staff.
After this step, the next step is to do the testing interview and analysis.
The next step is preparing the working report by the secretarial auditor. A working report consists of all the Secretarial audit reports of the company.
The next step is to prepare the audit summary and discuss the same with the concerned persons.
The final step is the submission of the report by the secretarial auditor
Process Reporting Qualification in the Secretarial Audit Report
During the preparation Secretarial Audit report, the auditor can point out where there is non compliance of the required laws in Bold type or Italics. in case the auditor is unable to express an opinion on any matter he can specify the same, stating the reasons thereof. The auditor should provide all the limitations in the report and the reason why he cannot give an opinion on the same Further, the Board of Directors (BoDs) of the company shall mention all the remarks of the auditor in the resolution.
Penalty for Fraud and False Statement
The Companies Act 2013 provides the penal provisions related to committing fraud and giving a false statement. The penal provisions are given below –
- Section 447
- Section 448&
This section states that if any person is found to commit fraud shall be liable for a minimum imprisonment of 6 months which may extend to 10 years, along with a fine which can be thrice the amount of the fraud committed.
In relation to the affairs of the company, fraud can be defined as the commission of any illegal act or omission of any legal act, abuse of position, concealment of fact with the intention to deceive, gain undue advantage or hamper the interests of the shareholder or creditors of the company or any other individual irrespective of the fact that there is a wrongful loss or wrongful gain.
This section deals with the penalty for false statements. The section provides that if in any report, certificate, return, financial statement, prospectus, statement or other document required by, or for any of the provisions of this Act or the rules made there under, anyone makes any
How Perfect Advice help its client in Secretarial Audit?
Perfect Advice has ateam of experts and experienced business advisors who will assist and execute the entire Secretarial Audit. Perfect Advice helps its client in conducting the Secretarial Audit by providing services like-
Why Perfect Advice?
We at Perfect Advice have trained professionals to help you throughout the Secretarial Audit procedure. Our Experts will guide and assist you in whole process of Audit and related services and also ensures the timely and effective completion of your work. For any queries related to Secretarial Audit and related services, feel free to contact our experienced and trained professionals at Perfect Advice.
Due Diligence
Overview of Due Diligence
Due diligence is an inspection and risk assessment of an upcoming business transaction basically; it is a background check to make sure that the parties to the transaction have the required information they need, to proceed with the transaction. A proper due diligence is required to reveal misrepresentation and fraudulent dealings in a major business transaction.
Due Diligence is the process by which confidential, legal, or financial and other material information are exchanges, reviewed and appraised by the interest parties who are going to enter into a Business transaction. Due diligence often refers to the in-depth research and study being done before signing an agreement or a business with a party.
Objective of Due Diligence
The objective of due diligence is to identify problems within the business, particularly those matters which may give rise to unexpected liabilities in the future. The main objectives of conducting Due Diligence are-
When Due Diligence is required?
- Mergers and Acquisitions:
- Partnership:
- Joint Enterprise and Collaborations:
Due diligence is done from the perspective of the seller, as well as the buyer. While the consumer looks into the financials, litigation, patents, and a whole range of relevant information, the seller concentrates on the experience of the buyer, the financial abilities to complete the transaction, and the ability to fulfil responsibilities taken.
Due diligence is done for necessary alliances, necessary connections, business combinations, and such other alliances
When one company joins hands with another, the reliability of the company is a subject of concern. Assuming the other company's stand includes the adequacy of supplies at their end.
Other than that, there are certain transactions that requires proper Due Diligence-
Due Diligence – Focused Area
Below mentioned are the key factors to be kept in mind while conducting Due Diligence-
Benefits of Due Diligence
Due diligence is needed so that the entity is well conscious of all the essential items like:-
- Administration and Ownership
- Capitalization
- Business Competitors and Industries
- Balance Sheet Review
- Revenue, Profit and Margin Bearings
- Risks
- Capital History/Options and Probabilities
- Expectations
Analysis of who runs the Company
Examining how large and volatile is the Company and market. A contrastive analysis of both of them is needed.
Research and compare the boundaries of competitors for a better comprehension of the target Company
This helps in interpreting the debt-to-equity ratio.
To examine if there are any recent trends in the figures which may be rising, falling or stable?
It enables to learn industry-wide and Company-specific dangers, and all the checking if there are any on-going risks and trying to predict any futuristic unforeseeable threats in the future.
How long has the Company been dealing? For a short- term or long-term? Has there been a steady stock price?
To maximize the profit for the future
Documents required for Processing Due-Diligence
During Due-Diligence Process, the following types of documents are required to be checked-
I. Pre-Diligence Process
Pre-Diligence Process is the initial step for Due diligence process and is primarily the activity of management of documentation and people.
What is Reliable Data Room?
A Data room discloses confidential data which is not available for public and may relate to business process, trade secret, technology information etc. It provides all important business documents which may be on financial, regulatory, Intellectual Property right, marketing or any important material aspect pertaining to a business transaction. Data Room is the standard manner to use a 'virtual data' room addressing the issue of confidentiality. Nevertheless, we reserve the right to demand as per need. Admittance to the data room will frequently be for a limited duration and may get concentrated on a small number of personalities at any one time. The 'data room' will include all information comparing to the purpose of investment.
II. Diligence Process
After the Diligence, is conducted, the professional submits the report, known as Due Diligence Report.The Due diligence report can of various kinds-
Also, the outcome of the Due Diligence Report can be of various kinds-
- Deal Breakers
- Deal Diluters
- Deal Cautioner
- Deal Makers
In this type of report, the outcome can be very glaring and may uncover various non-compliances that may arise i.e. Any criminal proceedings or known liabilities.
The outcome arising out a diligence may contain violations which may have ab impact in the form of quantifiable penalties and as consequence may result in diminishing the value of company
Deal cautioners cover those findings in a diligence which may not impact the financials , but there exists confirmed non-compliances which though fixable,require the investor to step a cautious path
Deal Makers are very hard to come by and may not be a fact in the literal sense ,In these reports the diligence reports team have not been able to come across any violations, leading them to submit a ' Clean Report'.
Due Diligence Report
The information collected during this process is essential for decision making and hence needs to be announced. Once the Due diligence, is conducted the professionals submits a report, which in spoken language is termed as “THE DUE DILIGENCE REPORT”. The Due Diligence report helps in explaining how the company plans to generate further earnings (monetary as well as non-monetary). It works as a ready reckoner for explaining the state of affairs at the time of purchase/sale, etc. The ultimate objective is to get a clear understanding of how the business will perform in the future.
III. Post Diligence
Post Diligence results in rectification of non-compliances found during the course of Due-Diligence. Post Due diligence is the interesting process arising out of the diligence made by the team of experts.The process includes making the application, filing the petition for compounding of offenses, or negotiating the shareholder’s agreement. Post diligence process helps the investor in negotiating the deal.
Techniques of Due Diligence process and Risk Assessment
Due Diligence and risk assessment are the key essentials before entering into any new business. Below mentioned are the techniques of Due Diligence and Risk Assessment.
- Analyze the Capitalization
- Resources Acquisition, And Margin
- Rivals Comparative Study
- Valuation Multiples
- Administration and Share Ownership
- Balance Sheet
- History of Stock Costing
- Stock Suspension
- Examine Long and Short-Term Risks
A business's market capitalization, or total value, registers how active the stock price is, how broad its title is, and the potential size of the company's destination markets.
The company's income report will list its revenue or its net income or profit. It's necessary to monitor trends over time in a business's revenue, operating expenditures, profit edges, and return on investment.
Every business is determined in part by its opponent. Examine the profit margins of two or three of its competitors. Performing due diligence on several businesses in the same industry can give an investor tremendous insight into how the company is performing and what activities have the leading edge in it.
Various ratios and economic metrics are used to estimate companies. Still, three of the most valuable are the 'price-to-earnings' (P/E) ratio, the 'price/earnings to growth' (PEGs) ratio, and the 'price-to-sales' (P/S) ratio.
Is the company still run by its originators, or has the board rearranged in a lot of new features? Fresher companies serve to be founder-led. Research the bios of executives to find out their level of expertise and knowledge.
The organization's consolidated balance sheet will show its assets and liabilities, as well as how substantial cash is possible. It ascertains the debt-to-equity ratio to see how much tangible equity the company has.
Investors should examine both the 'short-term' and 'long-term price' movement of the stock and whether the capital has been animated or steady. It connects the profits created historically and determine how it interacts with the price movement.
It should get researched upon how many shares exceptional the company has and how that number relates to the competition. Is the company representing on issuing more shares? If so, the stock price might get a hit.
Be sure to understand both the industry-wide risks and company-specific risks. Are there outstanding legal or regulatory matters? Is there unsteady management?
Differences between Due Diligence and Statutory Audit
In India, companies statutorily required to get their accounts audited by an unconventional Chartered Accountant. In some cases, companies needed to carry out an internal audit relating to their method. Due diligence is quite distinct from statutory audits. The difference between Due Diligence and Statutory Audit is given below:-
| S.No | Statutory Audit | Due Diligence |
|---|---|---|
| 1 | Limited to Financial Analysis | It not only includes the financial analysis but also includes Business plan, sustainability of business, future aspects, corporate and management prospects, legal issues, etc. |
| 2 | Based on Historical Data | Covers future growth prospects in addition to the historical data. |
| 3 | Statutory Audit is Mandatory. | Due Diligence is mandatory based on the transaction |
| 4 | Provides Positive Assurance | Negative Assurance |
| 5 | Post-Mortem Analysis | Required for Future Decisions |
| 6 | Statutory Audit is always Uniform | Due Diligence varies according to the nature of transaction |
| 7 | The audit is recurring event | Occasional Event |
Tax Outline: Perspective on Due Diligence
Tax due diligence represents a prominent role in M&A determination; however the tax usually is not the primary concern in the context of M&A deals. Customarily, tax due diligence is carried out to explain more about the tax profile of the target and to reveal and quantify any tax exposures. Nevertheless, tax due diligence also comprises recognizing any tax upsides which may be accessible to the goal. It also supports in distinguishing and developing an appropriate procurement structure for the deal in question. The buyer needs to consider while negotiating for the tax protection to ensure that it does not affect the commerciality of the business for the seller. A tax due diligence is traditionally taken out to:
Perfect Advice Support
Perfect Advice Conducts Inquiries, Data Rooms, and Searches for Due Diligence Surveys. We help our clients in preparing the questionnaire, Conducting Interviews with Beneficiary Management, Preparing Internal and External Public Registers. We provide various services related to Due-Diligence.
Questionnaire
Interviews with Beneficiary Management
Even as the administration is always best placed to present this information on the target's enterprise and prospects, we likewise will be handling management interviews, as we see this as an indispensable part of our 'due diligence' process.
Internal and External Public Registers
Public records may, though, not be entirely up to date, and this will form part of our crosschecking structure everywhere the due diligence inquiries. External explorations are not confined to:-
Why Perfect Advice?
Because We Consist Of
Business Plan
A business plan is a document that sum up the operational and financial objective of a business. It is a written description of the business's future, a road map to the successes of your business. A business plan contains detailed plans and a budget showing how to meet the objective being set for the business.
Every business needs to have a business plan, either for the purpose of attracting investors or to provide direction to the business. A business plan plays a important role in the success of your business.
Online Business Plan Definition
A business plan is that document which summarizes the operational and financial objective of business future, information related to detailed plans and budget, and showing how the objects are to be realized. If one is thinking about starting a business, it's always recommended to outline the basics of business, product and services, market targeted for business, goal set for the business. All this information can be drafted in one document, and that is called a business plan.
Who needs business plan?
The only person who is not going into business doesn’t need business plan; you don’t need a business plan for regular job or to start a hobby, unless anybody is starting or extending a venture which will consume resources of money, energy or time and expects profits, should draft a business plan for a smooth functioning.
Startups
- A business plan forces you to think about all the aspects of startup
- Business plans help in convincing investors
- Set objectives for Mangers
- Cash Flow Management
- Profitable and Strategic Exit
The main reason for startup to have a business plan, basically startup focuses primarily on the big ideas, rather than execution. A business plan maps out business and guide growth; it's a permanent solution to outline/plan of activities.
For an entrepreneur who is seeking funds for venture should have a business plan in order to convince the investor. It is useful for companies at every stage of their existence, whether they are seeking financing or figuring out how to invest the surplus.
A startup can progress successfully with the good management, as setting objectives, tracking and follow – up. If managers work according to pre-sett business plan, helps them to achieve targets in a more organized manner.
For any business to work efficiently, cash flow management is one of the fundamental activity. Fully planned assessment will help in monitoring current funding, future requisites, cash inflow and outflow.
Valuing of the firm is very difficult, with the business plan all likelihood of investments, can be highlighted. Hence, if any point of time venture owner decides to close the business, better valuation can lead to a more successful exit.
For Established Firms
- For the growth of Existing Business
- Valuation Of Business
- For developing Alliance
- For Selling Business
Business Plan will help to establish a strategy and allocate resources according to strategic priority
Valuation of Business means how much the net worth of your business is. The plan will let valuation expert know about your business, what is it doing, when, why, how much that will value, and how much business will produce.
Companies can use a business plan to set targets for new alliances, and the selected portion of your plan to liaise with those alliances.
Business Plan plays a vital role in the part of selling a business. You can help buyers to understand what you have, it's worth and why they should buy it.
Ingredients of Business plan
In general Business plan consists of three primary parts which are mentioned below;
Further, these parts can be segregated into eight key components;
Types of Business Plan
Business Plan is roughly divided into six types;
Startup Business Plan
Startups should detail the steps while starting the new enterprise with a startup business plan. The business plan typically includes sections which describe the company, the product or the service startup is going to offer the management team and market evaluation. The potential investors will require financial analysis with spreadsheet giving detailed information about financial areas including but not limited to income, benifit and cash flow projections.
Internal Business plan
An internal business plan is drafted to target the specific audience within the business, as for example, the marketing team needs to analyze the proposed project. An internal business plan is supposed to describe the current position of the company that includes operational costs, profitability, and the calculations regarding if and how the business will repay any capital required during the project. Such plans also provide information about project marketing, hiring and other technology costs. Typically, internal business plans include the market analysis explaining targeted demographics, size of market and market's positive effect on the company's revenue.
Strategic Business plan
A high-level view of the company's goal and how that set goal will be achieved can be drafted under the strategic business plan. A plan laying the foundational plan for a company is known as Strategic Business plan. Strategic Business plan differs from company to company. Mostly the company's include the following five elements to their strategic business plan.
The strategic business plan brings down the big goals of the company, inspiring employees to work together towards the success of the company.
Feasibility Business Plan
This kind of plan answer two inquiries about a proposed business venture; who will purchase the services or production company is selling, and If the company can turn a profit. Feasibility Business plan includes sections describing what is need of product or service company offering, targeted demographics and capital required. Such plans always end up with the recommendations for going forward.
Operational Business Plan
These business plans are the internal plans describing the elements related to company operations. The operational business plan summarizes employee responsibility.
Growth Business Plan
Such plans are also known as an in-depth description of proposed growth, drafted for the internal and external purpose. Growth business plan includes a complete description of the company, if any investment required in the company for its growth, a brief description of about company's management and officers. The plan should provide detailed information to satisfy the potential investor. In the case where the company is not under the requirement of any investor than plan will include the details related to the financial sale and expense projections.The business plan guides investors, owners of the company and management through various successive stages of the company.
Virtual CFO Services
Overview of Virtual CFO Services
With the introduction of the concept of Virtual CFO small businesses now receive support that they could not have afford previously. Virtual CFO has crafted a way for small businesses, following which they can get access to an experienced financial professional at an affordable cost. Though the services of CFO differ from firm to firm,
However, following services are common and often rendered to every firm who hire a Virtual CFO:
Often companies who cannot afford to have in-house CFO prefers to go with Virtual CFO. Organizations deal with many challenges on a daily basis in terms of financial aspects, growth, accounting as well as management. To curb those challenges, a need arises to appoint a Virtual CFO who can primarily be responsible for managing activities like financial reporting, record keeping and financial risks of the company. Presence of Virtual CFO helps in meeting those challenges effectively by giving financial and professional aid, analysis and support to the management.
Growing Face of Accounting
Accounting is experiencing some major changes in the process of its growth; number of firms has increased exponentially who are vying with each other. Small private companies currently have so much decision that standard service like tax preparation, bookkeeping, and compliance are turning out to be commoditised. There's so little differentiation in this packed market that it has affected the market value of these services.
Cloud technology is taking over accounting and is also reducing the basic value of accounting services. Firms who are eloquently using cloud technology to manage their finance and accounting department are more productive and efficient.
Virtual CFO Services will assist you in the following ways:
- Financial Projections
- Cash Flow Projections
- Manage Cash Flow
- Budgeting
- Debtor and Creditor Management
- Setting up an Accounting System
With the help of Virtual CFO Service you will get the value of your financial projections through income statement and financial statements.
Income projection will be done so as to guarantee the cash inflow to satisfy the commitment.
A proper and organized management of cash flow is essential to comprehend the cash usage
It is important to set a budget in advance and then indulge in its evaluating process periodically to keep the track of the progress.
To lessen the credit risk debtor and creditor management plays a crucial role.
Analysing existing accounting system and suggesting recommendation for any improvement.
Benefits of Virtual CFO Services
- Helps in Maintaining Accounting Records
- Budgeting
- Financial Analysis
- Improve Profitability
- Cash Flow Projections
- Financial Projections
- Key Performance Indicators
- Growth Plan
- Organizational Structure
- Risk Assessment
- Financial Advisory
- Break Even Analysis
- Accounting Functions of the Organization
- Cash Flow Forecasting
- Cost Management
- Audit Support
- Debt Planning
- Budgeting
- Corporate Governance
- Compliances of the Various Acts Applicable
- MIS Reporting
- Year End Accounts Closure and Filing
- Internal Control
- Accounting Policies and Procedures
Virtual CFO will help you in maintaining accounting records according to accounting standards. As we know financial statements of any business are created following the norms of the accounting standards as mentioned by the government authority.
An effective and thoughtful budgeting maintains a proper cash flow in the business. Budgeting helps in evaluating the cash requirement by harmonizing the income and the expense.
Virtual CFO also helps in decision making process of the organization which ultimately leads to growth of the business. It analyzes the finances and operations of the company by using identification of key operation indicators.
Virtual CFO services protect your resources from any sort of wastage. A properly planned and executed strategy improves the overall productivity of the business.
Cash flow projections give a proper view of the cash position of the company. This helps in drafting a plan which will fulfil the cash requirement of the company to meet the requirements.
Financial projection is worried about the conjecture of income and costs. It includes forecasts of market factors. It helps in assurance of cash and asset requirement.
Key performance indicators keep an eye on the current market and financial condition of the company and hence predict the future. Every business has multiple aspects such as production, sales, cash, distribution, cash collections and inventory levels which show the KPIs. The virtual CFO frequently track and analyze such factors.
Virtual CFO deals with the financials of the organization which helps in development of the business. An appropriate development plan is made by the virtual CFO. It is required to make a development arrangement to recognize when the financing is required in the business.
Virtual CFO services have the power to make any changes in the organizational structure of the company as and when needed for the growth of the business.
Virtual CFO recognizes risks and makes decisions to curb the level of risk which may influence business over the long haul. This is done to lessen the dangers and improve opportunities.
Virtual CFO gives monetary direction based on the need. An appropriate financial planning paves the way for the growth of the business. With this, senior administration can concentrate on the important zones without contemplating the budgetary issues.
Under break even analysis, absolute cost (fixed + variable) is contrasted with the income that will decide a point where business neither makes benefit nor loss. Virtual CFO will help in inferring break even analysis by which organization will have the option to control its costs
Accounting services are the significant part of the association. It is a mode which helps in the evaluation of association's monetary bookkeeping health check. Here, accounting health check signifies a total evaluation of the budgetary and accounting part of the association. For this, a prominent expert in the administration is required to set up extensive information identifying with the bookkeeping practices, for example, planning of information, and other accounting policies.
Planning of different policies and execution of key thoughts are required so as to have a well-defined accounting health check. In this procedure legitimate guidance pertaining to current turnover, benefit, business desires, operational and bookkeeping frameworks and key execution markers are examined and assessed. The business structure, tax proficiency, development forthcoming is likewise considered in accounting health check.
The other fundamental help of the virtual CFO is to forecast cash flows. Organizations must have better comprehension of cash position to take right choice. You more likely than not made appropriate cash arrangements to meet the future commitments. It helps in taking choice with respect to what amount of fund is required?
Cost management is a procedure under which virtual CFO makes a legitimate wanting to limit the expense of the organization. Virtual CFO helps in deciding the working productivity. A variable expense is broke down by the virtual CFO to control it.
Start to finish audit support is given by the virtual CFO by resolving questions asked by the auditors.
A virtual CFO makes a legitimate debt planning with the aim to accomplish the ideal objective. An appropriate debt planning is important to control the obligation.
Virtual CFO administrations incorporate budgeting. Budgeting is done with the purpose to keep the track of all the operations business is performing. Spending should be explored on month to month or quarterly basis so changes can be made in like manner to meet the end goal.
Corporate governance includes all the rules and regulations which a corporate follows. These rules help in striking a balance between the interest of stakeholders, shareholders, management and clients.
Under this, start to finish arrangement will be given by the virtual CFO according to the provisions of Companies Act 2013, FEMA, Income Tax Act 1961, Contract Act, IPR laws and so on.
Virtual CFO is answerable for giving timely and precise data with respect to the budgetary health of the organization in MIS reports.
Virtual CFO guarantees the drafting and annual filing of financial statements on schedule. It additionally guarantees the Income Tax return documenting and GST return filing
A legitimate direction in regard of development of the organizations by method for streamlined interior control framework helps in proceeded with unwavering quality of the association. An appropriate and precise bookkeeping record, all around educated money related choice, monetary detailing is required as a piece of inner control framework to be viable. CFO of the organization helps in evaluation and execution of these previously mentioned forms
For a far reaching structure of interior control in the association, a very much planned and appropriately maintained system of accounting policies helps in upgrade of responsibility and consistency in the organization. Accounting policies and methodology help in planning and usage of well-defined accounting and management in the organization.
Change the Way You Work
To implement a Virtual CFO Service in your organization first you need to implement cloud-based accounting system in your organization and change the way of interaction with your clients.
Procedure For Company Registration
Registering a Company is quick, easy, and can be done online with Perfect Advice in 5 simple steps:
- Complete our Simple Form
- Obtain DSC and DPIN
- Verification and Name Approval
- Document Submission
- Your work is completed
You need to fill our simple company registration form and submit documents for the formation of a company.
After submitting your documents we will provide you with DSC and DPIN
Details provided by you will be verified and then we shall apply for name approval.
We will create all the required documents and file them with ROC on your behalf.
Once your company is incorporated, we shall send you all the documents and DSCs.
What is Private limited company?
Private Limited Company registration is the most well-known legal structure choice for organizations in India. A private limited company can have at least two members and a limit of fifty members. The executives of a private limited company have limited liability to creditors. During a case of default, banks/creditors can just sell the company’s benefits however not close to home resources of directors. If you would like to start an organization in India, at that point ensure your organization/company is enrolled as a Company Registration that should be your first priority. It is very essential to enroll your company as a registered company has different advantages from easy to register to easy to dissolve.
Start-ups and developing organizations incline toward private limited company because it permits outside funding to be raised easily, limits the liabilities of its investors, and empowers them to offer employee investment opportunities to pull in top ability.
Private Limited Company Registration is now easily possible through “Perfect Advice (A company registration specialist)”, which is located in “Delhi NCR, Bengaluru, Mumbai, Chennai, and other Indian cities.” If you are planning to register your own company then you can totally depend on “Perfect Advice (A company registration specialist)”. We will assist you with the company formation procedure at each and every step and all your queries will be resolved by our experts.
Private Limited Company Benefits
Advantages Of Private Limited Company
There are different reasons to settle a private limited company:
Procedure For Trademark Registration
- Complete our trademark Form
- You need to fill our simple online trademark application form & submit documents.
- Conduct your trademark search
- To make sure that the unique logo name filed is available or not, Trademark Search is executed by our experts.
Who can all apply for a Trademark?
In context to the trademark rules and regulations in India, things like sound, logo, words, phrases, colors, images, symbols, initials, or a mixture of all these can be registered.
A trademark application can be made by:
Note: In the case of NGOs and LLP companies the trademark has to be applied for registration in the name of the concerned business or a company.
Any person, pretending to be the proprietor of a trademark used or intended to be applied by him, may apply in writing in a prescribed manner for registration. The application must include the trademark, the goods or services, the name and address of the candidate with power of attorney, the time of use of the mark. The application must be in English or Hindi. It must be registered at the appropriate office.
Process of ISO Registration
Complete ISO registration form
First of all, you are required to fill in our simple ISO application form. This would take less than 10 minutes of your time. Along with this, you are required to email the required documents (List is given above)
Start >
- Select the registration form
- Submission of documents
- Completion of work
At this step, you can select your certificate from the list of certificates. Each certificate follows the same process, so you needn’t worry.
Now, we will create the required documents and file these with the registrar. Just sit back and relax, and we will take care of the whole process.
Finally, we will get an ISO audit on your certificate and then send you the ISO certificate via mail.
ISO Certificate
ISO certificate is one of the ways that provide standards to the organizations and thus lead way to innovation and development of trade. These standards also ensure that the products and services of the organization meet the customer and regulatory requirements. In addition to this, it also demonstrates continuous improvement. ISO is an independent, non-governmental, international organization that creates standards to ensure the quality, safety, and efficiency of the products, services, and systems. It also certifies that the management system, manufacturing process, service, or the documentation process has fulfilled all the requirements for standardization and quality assurance.
Documents required for ISO Registration
Procedure For Online FSSAI Registration
- Complete a Simple Form
- Send Documents
- Document Submission
- FSSAI License Issued
You need to fill our FSSAI application form and provide details about your food business.
You need to email us the required documents and we will create your FSSAI Form A and Form B.
Your FSSAI License application along with other declarations are filed to the local FBO by our CS/ CA.
We will mail you the license which will act as a food license, after regular follows ups with the food safety department.
FSSAI Registration ( FSSAI Licence)
Types of FSSAI Licence
Businesses engaged in food activities are required to apply for a food license which can be of different types based on turnover, the scale of business, and the type of activity. The Types of FSSAI Food licenses are as follows:
- FSSAI Basic Registration
- FSSAI State license
- FSSAI Central license
The FSSAI registration is for food business operators (FBOs) who have small-sized businesses or start-ups. They have an annual turnover of less than Rs.12 lakh. Basic registration can be upgraded depends on your business sales graph productivity.
The State FSSAI License is for the FBOs which have medium-sized businesses. They have an annual turnover of more than Rs.12 Lakhs or up to Rs.20 crores. The state license can be further upgraded to a central license, all depends on your business sale graph productivity.
The Central FSSAI License is applicable for FBOs that have a large business annual turnover i.e. above Rs.20 crores. It is also required in cases where you need to supply at government offices or import/export food products.
Steps for getting the Food license
One can file the FSSAI application directly with the government. The process is long and requires 60 days to get completed:
- Step 1
- Step 2
- Step 3
- Step 4
Fill the FSSAI licensing registration form A on FSSAI website and make the payment for FSSAI application at the FBO which is nearby your locality.
Once the payment confirmation is reflected in your FSSAI account, you need to file Form B with the government. There are multiple declarations and resolutions that need to be filed with your application. E.g., board resolution, owner self-declaration. These declarations should ideally be prepared by a company secretary.
You will then need to follow-up with the government department for an update on your application. The government may send back your application for edits – if you fail to respond with 15 days of the application, then your application will be rejected
The government department will take 45-60 working days to completely review your application and approve the same. Else, you can hire Perfect Advice for getting the FSSAI license for you. We get license issued in 98% of our cases and save our customers from all the government hassles. In certain situations, customer might need to visit the Food department or pay additional fees to the inspector.
Validity Time of FSSAI Licence
FSSAI license validity stretches out from 1 to 5 years. According to the FSSAI rules, the food business operator is required to appeal for the renewal of the license in 30 days and it should be made before it’s expiry. Any FSSAI renewal application filed exceeding the expiry date is required to pay a late fee of Rs.100 per day for each day of delay. So, it’s essential for all food business operators to track and assure that their FSSAI license is valid at every time.
Procedure For MSME/SSI Registration
- Complete our MSME Form/SSI Form
- You just need to fill our simple msme registration form which would ask about your basic information. In the case of SSI registration, and SSI
- SSI registration form will be filled. This would be required while filing your application with the department.
- Start > Preparation of Documents
- 1-2 Working Days > Filling MSME/SSI Application
- 2 Working Days > Your work is now completed
- Congratulations > MSME/SSI Registration
According to the details provided to us, we will draft your documentation accordingly.
Going further, we will file your application along with the required documents to the MSME registrar. Before submission, our expert will verify your documents properly.
Once the SSI/MSME application is approved and your MSME certificate/SSI certificate is issued, we shall send it to you via email and courier.
The Micro, Small, and Medium Enterprises are considered as a very significant piece of India’s legacy economic model and a part of the critical supply chain for products and services. This sector is the job creator as well as play a crucial role in providing large-scale employment and industrialization of rural and backward areas. In 2015-2016, according to the National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated non-agriculture enterprises in the country which are dealing in different economic activities providing employment to 11.10 crore workers.
Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as the rate of interest charged would be very less, tax subsidies, capital investment subsidies, and much other support from the government sector.
Perfect Advice can help your business obtain MSME Registration online to avail of a host of benefits. MSME online registration or SSI online registration can be done through Perfect Advice in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
In India, MSME introduced in the year 2006. Actually, there are still some service sector that was not yet included in this sector was included in the definition of the Micro, Small and Medium-sized Enterprises making a historic change to this Act. Hence, leveraging the scope of the sector even now the government simplified the MSME Registration online with paperless work.
The benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies, and excise and direct tax exemptions. The following are the conditions that need to be fulfilled to qualify under the MSME Act.
All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as MSME.
In service enterprises, the investment in plant and machinery should not be more than 5 crores. And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as MSME.
What Are The Different Types of MSMEs?
There are 3 types of MSME or SSIs which can be classified as under:
- Micro Enterprises
- Small Enterprises
- Medium Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the microservice enterprises should not exceed Rs. 10 lakhs investment.
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Benefits of MSME / SSI Registration
There are multiple benefits of MSME / SSI registration for small businesses:
