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You can create any type of product documentation with Fincto
You can create any type of product documentation with Fincto
A secretarial audit is crucial for corporate compliance management, ensuring legal adherence, identifying noncompliance issues, and facilitating corrective actions. It reviews company compliance with laws, regulations, rules, procedures, and accounting practices.
Fincto’s Accounting and Book-Keeping plan is tailored for expanding teams and financial operations, ensuring accurate bookkeeping and financial management for corporate organizations, particularly those undergoing audits.
Secretarial audits examine a company's compliance with various laws, rules, and procedures, ensuring legal and procedural conformity. An independent professional, usually a certified company secretary, conducts these audits.
The secretarial audit report, submitted by a certified company secretary, is crucial for analysing a company's compliance and governance processes, detecting risks, identifying enhancements, and providing corrective measures.
A secretarial auditor must be a qualified company secretary with ICSI membership and a CoP. They conduct audits and provide corresponding reports.
The applicability of secretarial audit is as follows:
Company must conduct annual secretarial audit of records.
Public companies with ₹50 crores or higher annual revenue must undergo annual secretarial audits.
Private companies with ₹50 crores or higher annual revenue must conduct annual secretarial audits.
Annual secretarial audit required for businesses with ₹100 crore loans.
Private limited companies can reduce tax burdens through lower rates.
Companies can grow and expand, unlocking more business opportunities.
The board must approve a director’s company relocation to their property, submit necessary paperwork, and submit Form INC-22 for the MCA to initiate the change.
A secretarial audit scrutinizes documents, including:
The board must approve a director’s company relocation to their property, submit necessary paperwork, and submit Form INC-22 for the MCA to initiate the change.
Secretarial audit involves multiple steps.
Directors must submit KYC information to MCA if they meet recent updates.
Develop a comprehensive checklist encompassing all legal and regulatory requirements.
Review company operations for compliance with checklist.
Verify process results with management, provide recommendations for corrective actions.
Management must address and rectify non-compliances.
File secretarial audit report with regulatory authorities.
EPF registration is crucial for companies as TDS deductions from salaries. Employers must only manage payments after challans are generated through EPFO employer website, emphasizing compliance. If eligible, assess eligibility and apply.
Secretarial audit offers numerous benefits:
Adheres to legal, regulatory, and procedural requirements.
Increases stakeholder confidence in the company's legal and procedural integrity.
Identifies inadequacies and non-compliances, reducing legal risks.
Shows commitment to good governance, improving company reputation.
Provides investor assurance through strong compliance and transparent legal records.
Apply for DSC, secure digital signature for online filings and transactions.
Choose suitable name for private limited company and apply with RoC.
Obtain PAN and TAN for newly registered company.
Open a current bank account for a private limited company's smooth business operations.
Obtain DIN for director identification for company registration.
File EMOA and EAOA for private limited company registration.
RoC issues Certificate of Incorporation, PAN, TAN, recognizing private limited company.
A secretarial audit is crucial for companies operating within legal and procedural compliance frameworks. Partnering with professionals with expertise in audits enhances governance, minimizes risks, and instills confidence among stakeholders. This practice is a cornerstone of sound corporate management and ethics, regardless of a listed company or revenue threshold.
Fincto is a dynamic solution for corporate compliance, offering tools and services to improve secretarial audits. It enhances compliance, streamlines procedures, and enhances governance, transforming the entire process:
Fincto's automation technology enables businesses to monitor compliance status proactively, integrating real-time updates and deadlines, saving time and preventing overlooking crucial deadlines.
Fincto's document management system streamlines secretarial audits by providing a centralised repository for essential documents, ensuring quick and organised access during the audit process.
Fincto enables secure collaboration among stakeholders in the audit process, promoting transparency and expediting the process by facilitating real-time information exchange and document sharing.
Fincto enables businesses to create a comprehensive checklist tailored to their industry, size, and regulatory requirements, ensuring compliance and a robust audit process.
Fincto automates compliance alerts, ensuring companies stay ahead of deadlines and avoid penalties.
Fincto's analytics feature provides actionable insights from compliance data, guiding decision-making, identifying trends, and enhancing audit reports quality for strategic compliance planning.
Fincto prioritises security in compliance-related data by using advanced protocols, encryption, and user access controls to protect confidential information, fostering trust and compliance.
Fincto's professionals offer expert support and guidance for secretarial audits, ensuring seamless compliance intricacies and value to the audit journey.
Fincto’s Accounting and Book-Keeping plan is tailored for expanding teams and financial operations, ensuring accurate bookkeeping and financial management for corporate organizations, particularly those undergoing audits.
The PoSH Committee ensures compliance with the POSH Act:
Failure to comply with the PoSH Act can result in fines. Victims dissatisfied with their employer’s PoSH Committee can approach the National Commission for Women or State Women’s Commission.
Fincto revolutionises secretarial audit processes with its advanced technology, real-time insights, and user-friendly interface, ensuring precision, confidence, and efficiency in corporate governance and regulatory compliance.
Comprehend the step-by-step journey of ESOP issuance:
Align Articles of Association with ESOP issuance provisions.
Develop accurate ESOP rules based on regulatory frameworks.
Acquire board and shareholder approvals for ESOP rules and option pool setup.
Obtain waivers from shareholders with preemptive rights.
Create resolutions to grant options, specifying recipients and terms.
Issue grant letters to recipients, outlining option terms.
Keep a comprehensive option register, capturing vesting and exercise details.
Partner with Fincto for an impeccable ESOP journey:
Evaluate stakeholder readiness for ESOP adoption.
Evaluate ESOP viability through thorough assessment.
Utilize professional valuation services for accurate ESOP pricing.
Seek legal counsel for ESOP complexities.
Explore funding options for ESOP implementation.
Develop a streamlined ESOP operational structure.
Fincto offers seamless, efficient ESOP journey, maximizing workforce potential.
Fincto offers numerous financial management benefits.
Identity documentation for the owner or associate
Address documentation for the business
Proof of formation like partnership deed or filing document
Fincto offers Accounting and Book-Keeping services for streamlined, accurate, and strategically aligned financial journeys, enabling businesses to achieve success through efficient financial management.
Fincto offers numerous financial management benefits.
Company details: Name, address, head office, branch details, incorporation date, total employee strength.
Business information: Type, nature of activity.
Director/partner details.
Employee details: Basic details, salary, bank account details, PAN card.
Fincto offers Accounting and Book-Keeping services for streamlined, accurate, and strategically aligned financial journeys, enabling businesses to achieve success through efficient financial management.
UAN is essential for seamless PF management. Activate your UAN online to enjoy benefits like easy money transfers, claiming PF benefits, and more.
Establishments registered with the Employees’ Provident Fund Organisation (EPFO) must comply with monthly or annual compliances, including submitting electronic returns and filing online by the 15th day of the following month. Employees must be listed by name and UAN on the Electronic Challan cum Return (ECR) sheet, which can be obtained in XML format from the EPFO portal. File creation is crucial before filing, and online payment gateways can finalize the process.
EPF registration is crucial for employers, requiring deductions from employees’ salaries and challans generation via EPFO employer site.
The approval of the company name is an essential stage in renaming your business. This procedure is requesting formal approval from the appropriate authorities, often a government body in charge of registering and overseeing businesses in a particular territory. The goal of name approval is to make sure the new company name is original and hasn’t been taken by another company. It must also adhere to all rules and regulations established by law in that region.
The procedure for Private Limited Company Name Approval, for instance, will follow the same guidelines if you are operating as a Private Limited Company and want to make sure the new name complies with all legal requirements.
The process of liquidation is governed by several regulations and acts, including:
The act outlines the circumstances under which a company can be shut down, including special resolutions, acts against the country's sovereignty, court findings, failure to file yearly returns, and more.
This code deals with the voluntary liquidation of companies through special resolutions passed by board members.
Private limited companies must prioritize annual compliances, ensuring filings meet due dates and adhering to prescribed guidelines
Manage company income, expenditure, and monitor managerial policies effectively.
Assess business performance using key metrics like net profit.
Monitor business finances for effective project planning and financial management.
Assess a business's financial health and credibility for investors.
Registrar of Companies mandates income tax compliance, avoiding fines.
The Director Identification Number (DIN) is a crucial identifier for aspiring and current directors in corporate governance. Obtaining a DIN requires a one-time application through eForm DIR-3. An annual requirement has been introduced, requiring directors with DINs to submit KYC details annually through fincto’s expertise.
THIS FOUNDERS’ AGREEMENT (hereinafter referred to as the ‘Agreement’) is executed on [DD/MM/YYYY] by and among [XXXX] (the ‘Company’), and the following founders (the ‘Founders’):
[Insert Founder Name]
[Insert Founder Name]
NOW, WITH DUE CONSIDERATION to the foregoing and the mutual covenants and agreements hereinafter detailed, the parties hereto concur as follows:
[Continuation of the founders agreement template, incorporating company information, initial capital, ownership structure, vesting schedule, intellectual property rights, amendment protocols, resignation procedures, confidentiality commitments, dispute resolution, and more.]
Fincto combines technology and legal expertise for thousands of legal tasks.
Government processes simplified for convenience.
Package includes two iterations for satisfaction.
Fincto simplifies legal processes, making them accessible and accessible.
For comprehensive guidance, expert consultation is recommended.
A founders agreement encompasses several pivotal sections, including:
We handle legal work for over 1000 companies and LLPs each month, utilizing our tech capabilities and expertise of our legal professionals, ensuring ease and convenience for our clients.
We provide clarity on the incorporation process, setting realistic expectations and handling all paperwork to ensure a seamless interactive process with the government.
With a team of over 300 experienced business advisors and legal professionals, we offer top-notch legal services.
We stay up-to-date with regulatory changes, such as the new rules for winding up companies, ensuring our clients receive accurate and timely services.
When it comes to closing down an LLP, Fincto is a trusted partner for closing an LLP, providing comprehensive support and guidance. Let us handle the legal complexities while you focus on the next chapter of your business journey.
Customer may receive a refund for product dislike, damaged, incorrect item, or predefined issues upon return.
Refund policy governs online order cancellation process, details, and procedures for refunds.
A Website Disclaimer communicates liabilities to visitors, safeguards intellectual property, discourages unauthorized usage, and prevents misuse accusations. It can be standalone or integrated into legal documents, demonstrating responsible online conduct and promoting responsible behavior.
A Cookie Policy is essential for online transparency and legal compliance, educating visitors about active cookies, their purpose, and user data processing. It is often a legal requirement in many jurisdictions.
E-commerce relies on efficient shipping and delivery; a Shipping Policy provides clear information on fees, timelines, and procedures, improving customer experience.
GSTR1 is the form used for tax returns on outward supplies, encompassing both interstate and intrastate B2B and B2C sales. It also includes details of purchases under reverse charge and inter-state stock transfers made during the tax period. Late filing of GSTR1 can result in a late fee, which is collected in the subsequent open return, Form GSTR-3B. Since January 1, 2022, taxpayers cannot file Form GSTR-1 if they haven't filed Form GSTR-3B in the preceding month.
This amendment form corrects any discrepancies between the GSTR-1 of a taxpayer and the GSTR-2 of their customers. The filing window for GSTR1A is between the 15th and 17th of the following month.
Monthly GST returns for inward supplies are filed using this form. It contains taxpayer information, return period, and detailed invoice-level purchase information related to goods and services separately.
This auto-generated tax return compiles purchases and inward supplies made by a taxpayer based on the information from their suppliers GSTR-1.
An auto-generated document that acts as an Input Tax Credit (ITC) statement for taxpayers, facilitating faster return filing, minimizing errors, easing reconciliation, and simplifying compliance.
This form is used to file consolidated monthly tax returns. It contains the taxpayers basic information, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, additional tax (+1% tax), ITC, cash, liability ledgers, and details of other payments like interests, penalties, and fees.
This is a tax notice issued by the tax authority to a defaulter who has failed to file monthly GST returns on time.
It is a temporary consolidated summary GST return for inward and outward supplies, introduced as a relaxation for recently registered businesses.
This quarterly GST return is filed by compounding vendors. It includes the total value of supplies made during the covered period and details of tax paid at the compounding rate (not exceeding 1% of aggregate turnover) along with invoice details for inward supplies.
The Quarterly purchase-related tax return filed by composition dealers, automatically generated by the GSTN portal based on information from the suppliers GSTR-1, GSTR-5, and GSTR-7.
Variable return for Non-resident foreign taxpayers, containing details of the taxpayer, return period, and invoice details of all goods and services sold and purchased. It also includes imports on Indian soil for the registered period/month.
This monthly GST return is for ISDs (Input Service Distributors), containing details of invoice-level supply from the GSTR-1 of counterparties, credit for ITC services received, debit for ITC reversed or distributed, and closing balance.
It is a monthly return for TDS (Tax Deducted at Source) transactions, containing the taxpayers basic information, return period, supplier's GSTIN, and invoices against which the tax has been deducted, categorized under SGST, CGST, and IGST. It also includes details of other payments like interests and penalties.
This is the monthly return for e-commerce operators. It contains the taxpayers basic information, return period, details of supplies made to customers through the e-commerce portal, tax collected at source, tax payable, and tax paid.
The annual consolidated tax return, comprising detailed income and expenditure, regrouped according to the monthly GST returns filed by the taxpayer.
The annual composition return form to be filed by every taxpayer enrolled in the composition scheme.
This Audit form is filed by taxpayers liable to get their annual reports audited when their aggregate turnover exceeds ₹2 crores in a financial year.
Filed before cancelling GST registration, this final GST return contains the details of all supplies, liabilities, tax collected, and tax payable.
Variable tax return for taxpayers with UIN (Unique Identification Number), containing details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month.
The MCA introduced The Companies (Winding up) Rules, 2020, effective April 1, 2020, to streamline company winding up procedures for smaller companies, eliminating tribunal intervention and applicable to specific classes under Section 361 of the Companies Act, 2013. Fincto is a customer-centric service provider with a team of experts who stay updated on legal landscape updates. They handle company winding-up processes with precision and compliance, adhering to MCA rules. Fincto’s commitment to excellence and attention to detail sets them apart as a reliable choice for business closure needs.
Staying compliant with GST due dates is vital to avoid late payment charges and interests. Fincto provides updated information on due dates for the financial years 2021-2022 and 2022-2023. Keeping clients informed of these updates can help taxpayers stay on top of their compliance requirements and ensure timely filing of GST returns.
Taxpayers registered under the Composition Scheme must file taxes using CMP-08 every quarter and file GSTR-4 annually. The due date for the GST return for Composition Scheme registrants is the 18th of the month following each quarter.
Fincto provides a hassle-free GST return filing experience with the support of a team of dedicated experts. Fincto offers a seamless GST compliance journey. It's commendable to see such dedication to assisting taxpayers in their GST return filing processes.
A GST Certificate is an important document issued by the Indian government which proves that a business is registered under GST. The certificate contains crucial information like the GST identification number, name, and address of the business. With a GST Certificate on hand, businesses can easily charge and collect GST, apply for loans, and participate in tenders.
Fincto has over 1,000 registered companies and LLPs, providing efficient legal work and realistic expectations. With over 300 experienced business advisors and legal professionals, they offer top-notch services. Upgrade your business by converting your proprietorship to a private limited company with Fincto’s streamlined registration process.
A modification to the existing provisions of a corporation's articles of incorporation
Issued by certifying authorities for electronic document signing.
The elected governing body responsible for a corporation's operation. Certificate of Incorporation: The document filed to create a corporation
A unique identification number for directors. Dissolution: The process that legally ends a corporation's existence
The act of forming a corporation under specific jurisdiction laws
An entity with limited personal liability and pass-through taxation
Protection from the debts and claims against a company
The process to secure exclusive use of a corporate name for a specific period
The statutory address of a corporation
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2023-01-05 14:00 (INTERNATIONAL TIME)
