Stakeholders of any company are expecting the corporate houses to become more responsible units by complying with the law of the Land. Overcoming the Law might cause several troubles for the organization. Accuprosys provides Statutory Services across Corporate, Private & Public limited companies in India. We monitor regulatory compliance and we file your company's necessary documents to the right authority at the right time. We have developed the standardized processes using knowledge gained over years of experience and inputs from domain experts. Our state of the art technology incorporation enables us to offer you the following services backed by very vast experience of the partners in this field.

1. Business Establishment And Incorporation

Planning to register a business or get your company incorporated? We get the A to Z of company establishment and incorporation done for you. Incorporation is the process of transforming a business into a legal entity that is recognized under law. Following incorporation, the business becomes a separate corporate entity from its owners.

Incorporation of a private limited company

In order to be incorporated as a private limited company, a business should have at least two directors and a minimum paid up capital of Rs. 1 lakh. Private limited companies are those companies that raise capital through private deposits and shares.As per the guidelines of the Ministry of Corporate Affairs, Government of India, incorporation of a private limited company is done as follows:

1. The applicant has to list 1-6 names for the company. They should be indicative of the company's objectives. The name availability can be checked online. An application has to be made to the Registrar of Companies (RoC) to get the name approved and registered.
2. An application also has to be made for acquiring a Director Identification Number (DIN) for the business. A DIN is to be assigned to each director and an application has to be made for digital signatures for all directors.
3. Forms such as the 'Declaration of compliance' (Form-1), 'Notice of situation of registered office of the company' (Form-18) and 'Particulars of the Director's, Manager or Secretary' (Form-32) within 60 days have to be filled.
4. Applicants will then have to arrange for Memorandum of Association and Articles of Association. These have to be stamped and signed.
5. The forms along with stamped and signed memorandum and articles, agreements, company name availability letter along with registration fee are then to be submitted to the ROC.
6. The Certificate of incorporation has to be collected.

While you handle the nitty gritties of your new business, Accuprosys will take care of all the incumbent procedures associated with business incorporation, saving you a great deal of time and effort.

Incorporation of a public limited company

To be incorporated as a public limited company, a business should have at least seven subscribers, three directors and a minimum paid up capital of Rs. 5 lakhs. Public limited companies raise capital from the public through public deposits and issuing of shares.

The steps for incorporation of a public limited company, as per the guidelines of the Ministry of Corporate Affairs, Government of India, are as follows:

1. The applicant has to list 1-6 names for the company. They should be indicative of the company's objectives. The name availability can be checked online. An application has to be made to the Registrar of Companies (RoC) to get the name approved and registered.
2. An application also has to be made for acquiring a Director Identification Number (DIN) for the business. A DIN is to be assigned to each director and an application has to be made for digital signatures for all directors.
3. Forms such as the 'Declaration of compliance' (Form-1), 'Notice of situation of registered office of the company' (Form-18) and 'Particulars of the Director's, Manager or Secretary' (Form-32) within 60 days have to be filled.
4. Applicants will then have to arrange for Memorandum of Association and Articles of Association. These have to be stamped and signed.
5. The forms along with stamped and signed memorandum and articles, agreements, company name availability letter along with registration fee are then to be submitted to the ROC.
6. Additionally, form 29 declaring consent to act as a director, declaration in form 20, and Statement in Lieu of Prospectus with the ROC in schedule-iv of the Companies Act, have to be submitted.
7. The Certificate of incorporation has to be collected.

While you handle the nitty gritties of your new business, Accuprosys will take care of all the incumbent procedures associated with business incorporation, saving you a great deal of time and effort.

Incorporation of a one person company

In a recent development, the Companies Act, 2013, has introduced the concept of a 'One Person Company' (OPC), where a company has only one shareholder, who is also the director. However, the company can have up to 15 directors.An OPC gives businessmen all the benefits of a private limited company along with recognizing the company as a separate legal entity.

OPC is incorporated as a private limited company but has only one member. An OPC can be limited by shares or by guarantee, should have a minimum paid up capital of 1 L, cannot transfer its shares, and cannot invite subscriptions from the public for its securities. The procedure for incorporation of an OPC is the same as that for a private company.

1. The applicant has to list 1-6 names for the company. They should be indicative of the company's objectives. The name availability can be checked online. An application has to be made to the Registrar of Companies (RoC) to get the name approved and registered.
2. An application also has to be made for acquiring a Director Identification Number (DIN) for the business. A DIN is to be assigned to each director and an application has to be made for digital signatures for all directors.
3. Forms such as the 'Declaration of compliance' (Form-1), 'Notice of situation of registered office of the company' (Form-18) and 'Particulars of the Director's, Manager or Secretary' (Form-32) within 60 days have to be filled.
4. Applicants will then have to arrange for Memorandum of Association and Articles of Association. These have to be stamped and signed.
5. The forms along with stamped and signed memorandum and articles, agreements, company name availability letter along with registration fee are then to be submitted to the ROC.
6. The Certificate of incorporation has to be collected.

While you handle the nitty gritties of your new business, Accuprosys will take care of all the incumbent procedures associated with business incorporation, saving you a great deal of time and effort.

Starting a Partnership Business

A partnership business is the fastest way of starting a business as it can be made operational soon after a Partnership Agreement is drafted. To establish a partnership business, a partnership deed has to be drafted on a stamp paper after which it has to be registered with the State Registry.Registration is not mandatory for a partnership business, unless it deals with valuables or property.

Incorporation of a Limited Liability Partnership(LLP)

A Limited Liability Partnership or LLP offers the flexibility of a Partnership and the advantages of limited liability.

1. As per the guidelines of the Ministry of Corporate Affairs, the first step for the incorporation of an LLP is the reservation of a name. This is done via form 1 through which the name availability is ascertained and a final name is reserved for the business.
2. Once the name is registered, the applicant has to file form 2 for incorporation of the LLP. This form has details of the proposed LLP, details of the partners, and the consent of the partners to act as partners.
3. An LLP agreement has to be executed as per Section 23 of the LLP Act. This agreement has to be filed with the registrar in eForm 3 within 30 days of incorporation of the LLP.

Sole Proprietorship

Starting a Sole Proprietorship does not require registration. However, applications have to be made for certain other registrations and licenses. These include registration for VAT or CST, registration for service tax, application for Shops and Establishment license, registration for employee provident fund, and application for Import Export Code. Accuprosys will not only take care of these tasks for you but will also guide you on necessary elements to avoid complications in acquiring licenses and registrations.

Part IX company incorporation

Part IX companies have seven or more members and are registered under Part IX of the Companies Act, 1956. Joint stock companies are also Part IX companies and have a permanent paid up or nominal share capital that is divided into shares.The procedure for incorporating a Part IX company is the same as that for a private limited company, except for a few additional steps.

1. The applicant has to list 1-6 names for the company. They should be indicative of the company's objectives. The name availability can be checked online. An application has to be made to the Registrar of Companies (RoC) to get the name approved and registered.
2. An application also has to be made for acquiring a Director Identification Number (DIN) for the business. A DIN is to be assigned to each director and an application has to be made for digital signatures for all directors.
3. Forms such as the 'Declaration of compliance' (Form-1), 'Notice of situation of registered office of the company' (Form-18) and 'Particulars of the Director's, Manager or Secretary' (Form-32) within 60 days have to be filled.
4. Applicants will then have to arrange for Memorandum of Association and Articles of Association. These have to be stamped and signed.
5. The forms along with stamped and signed memorandum and articles, agreements, company name availability letter along with registration fee are then to be submitted to the ROC.
6. In addition,Part IX companies require the filing of form 37 and form 39.
7. The Certificate of incorporation has to be collected.

While you handle the nitty gritties of your new business, Accuprosys will take care of all the incumbent procedures associated with business incorporation, saving you a great deal of time and effort.

Section 25 company incorporation

A Section 25 Company is primarily a non-profit organization for the promotion of charity, arts, science, arts, etc. Income or profits are not distributed to the members.

To incorporate a Section 25 company, an applicant has to:

1. First file form 1A for name availability and get the name approved
2. Apply for a Director Identification Number (DIN) for the business. A DIN is to be assigned to each director and an application has to be made for digital signatures for all directors.
3. Acquire a license for Section 25 Company by filling form 24A
4. File forms 1, 18 and 32 after the license is obtained.

Foreign company

A foreign company wishing to expand its business to India will have to file form 44 along a digital signature by an authorized representative on it. To incorporate the company in India, no Director Identification Number (DIN) is required. However, the Digital Signature Certificate (DSC) of an authorized representative is mandatory.

2. Statutory Compliance

Is your business violating corporate laws and government regulations? If you need help ensuring 100% corporate compliance, we are here to take the helm.*Corporate compliance is the process of getting internal policies designed in order to detect and prevent violations of corporate law, regulations, and ethics by employers, employees or any other personnel. To know why it's importance, simply contact us!
We help you with:
Compliance with corporate and labour laws such as the Factories Act, Bonus Act, Contract Labour Regulation and Abolition Act, Professional Tax Act, Shop and Establishment Act, etc.

• Audit laws
• Tax laws, both direct and indirect
• FDI Laws
• Regulatory Compliances
• IPR laws

3. Legal Due Diligence

Considering acquisitions, mergers and other such major transactions? We help you with the legal due diligence required.*Due diligence is the process of examination of a corporate entity prior to major transactions such as issuance of new stocks, mergers and acquisitions in order to avoid risks and liabilities.To know more, simply contact us!
Avail our services to:

• Examine your business as well as its accounting, taxation, financial and legal aspects before entering
• Mergers
• Acquisitions
• Takeovers
• Joint ventures
• Litigation
• Stock issuance

4. Corporate Advisory

We offer corporate advice in various domains, be it legal or financial, tax related or market related. We also assess risks factors involved in setting up a new business or while making changes to an already existing business.
Through our corporate advisory services, we help you with:

• Project conceptualization
• Capital structuring
• Documentation
• Debt and equity syndication
• Due diligence
• Valuation of businesses
• Corporate restructuring
• Advisory on buying and selling
• Deal financing
• Joint ventures, mergers, acquisitions
• Optimization of asset structure and capital portfolio
• Corporate legal issues
• Financial and taxation issues
• Audit concerns

5. Secretarial Audit

Secretarial Auditis a mandatory part of Legal compliance reporting. An independent professional is required to certify the compliance of a company. Accuprosys offers secretarial audit services as follows:

• Review on existing status
• Advice on statutory laws
• Checklist preparation for internal audit

6. Statutory Record Maintenance

As per Company Law, companies are required to maintain seven statutory registers. We can assist you in maintaining and updating these registers in both manual and electronic form. Whenever your company is subject to due diligence, these records can be accessed easily. We help you make sure your records are accurate and up to date.
We help you:

• Maintain your records through a web enabled system
• File forms and returns
• Monitor and inform about key filing dates

7. CLB matters for approvals, compounding, company ownership/management disputes

We help you with all matters concerning your business ownership. Complications and conflicts arising with respect to business ownership as per the Company Law Board can be solved using shareholder agreements, articles of association and partnership agreements.

8. SEBI & Stock Exchange related matters including Listing/Delisting matters

Accuprosys assists companies in matters related to the Securities and Exchange Board of India. Both listing and delisting tasks are taken care of, in addition to providing advisory services on the same.

9. FIPB and/or RBI related approvals, advisory and related matters

The Foreign Investment Promotion Board (FIPB) is a government entityoffering clearanceon Foreign Direct Investment (FDI) proposals in India that are generally not given access through the automatic route. We help you through the application process involved with getting your foreign investment proposal approved. We also offer advisory services for the same.

10. Merger/Amalgamation/De-merger/Restructuring/Winding-up

Major transactions such as mergers and amalgamations may be a significant cause of apprehension, especially for first-timers. Accuprosys takes the worry out of the process and helps companies with:

• Mergers and amalgamations
• De-mergers of divisions or businesses into separate entities
• Hiving-off
• Revival of sick/defunct companies
• Business transfer, take-over
• Joint ventures

11. Foreign exchange Management Services

All business investments and ventures in India are underpinned by FEMA(Foreign Exchange Management Act). Compliance with FEMA is an essential aspect of foreign exchange management. Accuprosys offerscost-effective and reliable foreign exchange management services for companies, covering:

• Applications to RBI for sales/purchases of shares, securities and debentures
• Allotment of shares
• Transfer of shares
• Issuance of statutory certificates under FEMA
• Permissions for opening of Branch/Liason office
• Setting up of joint ventures, partnerships
• Direct investment overseas
• External commercial borrowing
• Foreign collaboration agreements, RBI approvals and various other government approvals

12. Shops and Establishment License

A Shops and Establishment License is an important element of labour compliance and is required for shop and establishment registration, which is a mandatory requirement for opening a shop. Accuprosys assists individuals and companies in acquiring this license and in shops and establishment registrations.

13. Labor Laws

Companies often seek advice in matters related to labor laws. Accuprosys offers advisory services for companies to ensure compliance with employment regulations and labor laws. Failure to comply with these regulations results in personal liability issues and penalties. Accuprosys not only offers cost-effective advisory services but also assists companies in drafting employee-associated agreements and contracts.

We assist companies in:

Compliance with labor laws

• Labor issues associated with restructuring measures and company acquisitions
• Negotiations with trade unions
• Planning associated with personnel modification
• Drafting of employment contracts
• Labor litigation
• Pension scheme issues

14. Import Export Code

Import Export Code (IEC) is a special code obtained from the Director General of Foreign Trade, Ministry of Commerce, Government of India. This code is an essential requirement for the import and export of products and services.

To obtain an Import Code or license, an individual wishing to import products has to file the Aayaat Niryaat Form 2B (ANF 2B) to apply to the Director General of Foreign Trade. Exporters wishing to apply for the Export Code need to the file the Aayaat Niryaat Form 2D.

Accuprosys assists with the necessary documentation required for obtaining IEC in addition to offering consulting services for licensing and application.

15. TRADE LICENCING

A Trade License grants permission to carry out a trade. Possession of a trade license is compulsory for traders and businesses, without which the business stands the risk of heavy penalties, fines and even shut-down. Accuprosys assists in the application for a trade license and in the compiling of relevant documents, to help you acquire a trade license fast and easy.