Statutory compliance services

Our comprehensive range of statutory compliance services has helped many of our clients to grow and develop their businesses over the years. Our aim is to provide a professional, effective solution to all of your needs. We are committed to provide a satisfactory to the customer and our end-to-end services include.

Establishments & Labour Acts

• Shops and Establishments Act, 1961
• Factories Act, 1948
• Professional Tax Act, 1975(PT)
• The Employees’ State Insurance Act, 1948 (ESI)
• The Employees’ Provident Funds & Miscellaneous Provisions Act 1952(EPF)
• The Minimum Wages Act, 1948
• The Payment of Wages Act, 1936
• The Payment of Bonus Act, 1965
• The Maternity Benefit Act, 1961
• The Labour Welfare Fund Act, 1953
• The Payment of Gratuity Act, 1972
• National and Festival Holidays Act, 1958
• The Contract Labour (Regulation & Abolition) Act, 1970

Our statutory compliance services i..e.., PF, ESI, PT, TDS, TCS

• Preparation and maintenance of statutory registers
• Auditing and updating, registration and renewal of license for commercial establishments
• Calculating of periodical liability Preparation of payment challans and filing of returns (monthly / quarterly / half yearly / yearly) and forms, as applicable
• Maintenance of statutory records, registers, formats, etc. prescribed under various acts
• Assistance and support for documentation and application under various acts Other related statutory services

Auditor Appointment

The Companies Act, 2013 as per section 139(6) the first auditor of the company shall be appointed by the Board within 30 days of Incorporation. It is most important to appoint an Auditor in your organization to maintain your data confidently time to time and avoid penalties .In case of Board’s failure, an EGM (Extra Ordinary General Meeting) shall be called within 90 days to appoint the first auditor. The law is silent regarding from when this time limit of 90 days be reckoned, it is better to take a stricter view and interpret that the 90 days limit starts from Incorporation rather than expiry of 30 days (i.e. failure of Board) from it.

Appointment Of Auditor

Our team of Auditors can be appointed for start-ups, Midsized and all types of Organization as per section 139(6) the first auditor of the company shall be appointed by the Board within 30 days of Incorporation. In case of Board’s failure, an EGM (Extra Ordinary General Meeting) shall be called within 90 days to appoint the first auditor. The law is silent regarding from when this time limit of 90 days be reckoned, it is better to take a stricter view and interpret that the 90 days limit starts from Incorporation rather than expiry of 30 days (i.e. failure of Board) from it.

Tenure : Till conclusion of 1st annual general meeting.

Remuneration : As per provision to section 142(1) remuneration of the first auditor can be decided by the Board.

Procedure for appointment of auditor

• Intimate the proposed auditor(s) regarding the intention of appointing him/it as auditor and ask whether he/ it is eligible and not disqualified to be appointed as auditor of the company.
• Obtain consent & certificate from auditor.
• If audit committee required to be constituted under section 177, then obtain its recommendation (Section 139(11)).
• Call Board meeting.
• Approve the appointment of auditor at the first Board Meeting.
• Intimate the auditor and file with ROC form ADT-1(to be attached in form GNL-2 as per MCA circular 09/2014 dated 25th April, 2014) within 15 days.

Intimation to Auditor & ROC

The Company shall inform the auditor regarding appointment and also file a form ADT-1 to ROC within 15 days of the meeting in which the auditor is appointed.

Procedure

• Intimate the proposed auditor(s) regarding the intention of appointing him/it as auditor and ask for the following information and documents.
• Call Board meeting
• Convene the AGM(Annual General Meeting) and gets the Ordinary resolution appointing the auditor passed at the meeting.
• Intimate the Auditor and file with ROC form ADT-1