Legal advisory is a mode of delivering a professional or formal opinion related to the substance or procedure of the law regarding to a particular factual situation. The provision of legal advice will often involves the analysing of facts and advising a person that can lead him to take specific course of action based on the applicable law.s.
SERVICES PROVIDED BY THE LEGAL ADVISORY.
We provide full company formation and registration services, which may include the following:-
Consultancy on local formal incorporation and type of entity
Preparation of Articles of Incorporation and any other legal documents needed for registration
Preparation and filing of registration application to competent Trade Registry
Registration at Fiscal Authorities – for VAT, CIT and Intra-Community Operators Registry (RIO)
Registration of any required special business license, if applicable
Registration of share capital and current bank account(s)
Information on any legal compliance changes related to the company
Representation in front of the local authorities.
If you start counting, there are innumerable compliances needed, but to make it easier, here is a compact list of mandatory compliances:-
Board meetings (BM):- There must be at least four board meetings having proper quorum and other incidental compliances prescribed under Companies Act.
Appointment of company secretary (CS):- The appointment of CS is mandatory for the companies, which have paid up a share capital of Rs. 5 crore or more. They are considered Corporate Governance professionals who advise the Board of Directors to dispense their duty effectively.
Appointment of first auditor:- He or she audits the business’s book of account and ensures reliability.
Filing of Annual Returns and Financial statements to ROC. Filing of Income Tax Return as prescribed under income tax act , 1961.
Filing returns under VAT, Service Tax and Labour laws, if applicable.
Maintain Statutory Registers such as the Members register, Director and Key Managerial Personnel (“KMP”).
Minutes Book which are legal records/evidence of the business conduct.