Why outsourcing your company secretarial services can be a smart move

1. Why Outsourcing Your Company Secretarial Services Can Be a Smart Move Load & stress of Company Secretarial compliances on all types of Companies and LLP in India is a new challenge for all MSMEs, its Founders, Promoters, Directors and Managers. Smart entrepreneurs grow faster with complete business control by focussing on core business and outsource other loads including company secretary services. Modern India’s growth is attributed to various factors including political stability, Govt policies, political will, system improvement, laws & enforcement, better governance etc. All such efforts by Government has created a law-abiding environment for all Indians including all types of businesses. Major business revenues are from incorporated companies / LLPs hence it is very important for Govt of India to enforce proper laws to ensure good governance and compliances of laws / policies of India. Legaljini offers Compliance Outsourcing in India which manage complete compliances of your Tax matters related to Income Tax, Service Tax, Sales Tax VAT , Excise Duty, Custom Duty. The incorporated companies in India are of various types and sizes including Large Listed Companies, its subsidiaries of all sizes, Govt companies, Large MNCs, Subsidiaries of foreign companies, Small & Medium companies, LLPs etc. Each type of such incorporated entities has compliance requirements. All responsibilities related to compliances are normally attended by: 1. Working Director of a Private Limited companies or Designated Partner of LLP 2. Manager or Accounts Head 3. CFO or Compliance Head in Large Group / Listed entities for its small/medium subsidiaries 4. Group Compliance team of MNCs / Foreign subsidiaries 5. Accounting / Audit consultants of MSME/LLP Barring few compliances/laws applicable to listed or large companies all other compliances are applicable to all types of small/medium companies mostly related to: (a) Maintenance of Statutory Records/ Registers / Minutes (b) Governance and Management through Board Meetings or Owners Meetings (c) Share Capital changes (d) Change in Directorship / Designated Partners (e) Change in Constitutional Documents – MoA / AoA / LLP Deed (f) Shifting of Office (g) Borrowings / Loans from Banks / FIs (h) Legal Matters related resolutions (i) Tax matters related resolutions (j) Approval of Financial Statements (k) Merger / ESOP / Buy-back / Dividend / JV (l) Business matters for HR / Contracts / Authorities / Committees As per Indian laws, recognised professionals for company law compliances are Company Secretary qualified individual to be employed as Company Secretary in corporate as well as practice as Company Secretary Consultant or in company secretaries firms in Mumbai. Unlike

2. Chartered Accountant who are recognised professional for compliance related to accounting, financial and tax matters, a Company Secretary is an expert in compliances related to non- financial matters. Company Secretary in India are of two types one is in Employment and other in Practicing as Advisors. in employment is mandatory for companies with certain size of paid-up share capital which are few thousands in number. Considering total number of companies and LLP in India, irrespective size, which are about 2 million till 2018. As per data available, the total number of Company Secretary Professionals is just 55,000 till 2018 of which good number of Company Secretaries are in employment and rest into practice. Globally as well as in India it is practice to outsource Company Secretary compliances to experts by micro, small and medium companies since it is cost-effective, to avoid disturbance due to attrition, to avail services from knowledge-rich firms with hundred years of total manpower experience and exposure to all types of matters, back-up team during leaves / resignation, timely compliances and MIS.There are many company secretary firms in India which are also called as CS firms or PCS firms. Most such CS firms are sized from 3 to 10 employees and bigger CS firms have 20+ employees managing compliances. if you want to have more information company related of Compliance outsourcing in India here. About LegalJini: Legaljini Group established in 2004 is a team of Professionals-Under-One-Roof with experienced Chartered Accountants, Company Secretaries and Lawyers. Based out of Mumbai providing professional services related to Advisory / Consulting, Transactional Services and Outsourcing Services to Foreign Companies, Listed Entities, Large Groups, Small & Medium Enterprises. Legaljini services include B2B services like Business set-up advisory, tax structuring, formation of a company, approvals / compliances under FDI, one-time tax and other registrations, legal contracts, outsourcing for Accounts + Tax compliances + Company Law + Payroll + Legal Matters + IPR + FDI + Overall Compliances. Legaljini provided B2C services related to Succession and Litigations. Contact Us: Address: Corporate Office Level 8, Vibgyor Towers, Opp Hotel Trident, Trident Road, G Block C62, Bandra Kurla Complex, Mumbai 400 098, India. CELL: +91 8767404044 Website: www.legaljini.com