Secretarial Practice

An efficient Company Secretary (CS) understands your industry, knows where your business fits in it and the market your organisation caters to, and can manage internal and external operations in a flexible and reliable manner.

As per Section 173 of the Companies Act, the first meeting of the Board of Directors must take place within 30 days of incorporation. After that, a minimum of four board meetings must be held every year, with a gap not exceeding 120 days between two meetings.

For a one-person company, a small company or a dormant company, it is one board meeting in each half of the year.

A company registered with the Ministry of Corporate Affairs has annual compliances, including:

• annual return filing;
• statutory audit;
• director KYC updation;
• MSME declarations;
• and various event based compliances during the year.

Startup companies can raise capital in several ways, including crowdfunding, bootstrapping, loans from banks or NBFCs, angel investors and venture capital. Government initiatives such as Startup India make finance more economical for startups and subsidise their operations, so those benefits should be taken into consideration as well.

The way best suited to your company depends on the vision and mission of the founders — how far they are ready to dilute control of the business and what their diversification and expansion plans are — and on external factors such as the level of competition in the market, the size of the target market and the revenue prognosis for the initial years.

We are a team of CAs and CSes with a dedicated team of professionals for each kind of secretarial requirement, for all forms of organisation. We ensure secretarial compliance for complex transactions such as private placements, handling ESOPs and charge creation.

Alongside secretarial practice, we work across finance, accounting, taxation and legal compliances, so your business has one team for all of them.