Limited Liability Partnership (LLP) is a new form of organization introduced in India through the enactment of Limited Liability Partnership Act, 2008. Partnerships can now be incorporated as a limited liability partnership (LLP) and by doing so they can remove the unlimited liability of individual partners. LLP is in vogue in many of the foreign countries like United Kingdom,
United States of America, Australia, and Singapore etc. It is popular there, because of its dual characteristics, i.e., it is the blend of both the Company form and the Partnership form of organizations.
We conduct compliance and secretarial audit for and on behalf of the corporates. It helps strengthen the Corporate Governance in an organization. Compliance audit assists the Audit Committee and the Board of Directors on understanding the status of the statutory compliances, internal control systems, management information systems and its effectiveness in the proper and transparent governance of the organization.
Reserve Bank of India and Foreign Exchange Laws Compliance
Cross border transactions is the order of the present buisiness era. Overseas investments in India, setting up of branch offices / subsidiaries, and joint ventures are primarily governed by FEMA, its rules and regulations, along with the permission and approval of RBI in certain cases. Our services in this area include:
- Setting up of Foreign Subsidiaries.
- Setting up of Branch office, Liaison office, Project office and related compliances.
- FDI (Foreign Direct Investment) compliances.
- NRI (Non-Resident Indian) investment and compliances.
- External Commercial Borrowing.
- More scope of work includes as per the clients requirement.
We have developed alliances with legal firms worldwide to help our clients who interested to set up operations overseas. In consultation with the overseas legal firms, we assist the clients in formulating the tax efficient struc-tures. We have already successfully incorporated companies for our clients in Mauritius, Dubai, Sri Lanka, Isle of Man, London, Gibraltar, Thailand, USA etc,
Our M&A practice area mainly focuses on following broad areas:
- Structuring the Acquisition: The firm advises on various structuring issues involved in M&A deals, including determining the type of SPV, jurisdiction of SPV, type of instruments etc.
- Advice on Securities and Corporate Law issues: The firm advises on legal and compliance issues related to:
- Corporate law requirements
- Takeover Code and other securities laws issues
- Listing and Regulatory requirements
- Government approvals
- Statutory filings
- More scope of work includes as per the clients requirement.
- Undertaking Legal Due Diligence.
Documentation: The firm undertakes drafting and review of term-sheet, definitive agreement, non-compete agreement, non-disclosure agreement, escrow agreement, stock swap agreement, employment agreement etc.
"Due diligence" is a process of acquiring objective and reliable information, generally on a person or a company, prior to a specific event or decision. It is usually a structured, systematic research effort, which is used to gather the critical facts and descriptive information (or to determine an absence of significant negative factors) which are most
relevant to the making of an informed decision on a matter of importance. One growing usage of due diligence services is for assessing risks and checking facts associated with private stock subscription offerings available to qualified investors under Private Placement Memorandums, and similar investment opportunities. In order to effectively perform due diligence, one must have an understand-ing of what really matters with respect to the decision at hand. Often, this requires an understanding of competitive industry landscapes, the customer market place, operations, financial aspects, business development, strategy, and business analysis. Without this kind of experience and understanding, it is difficult to go beyond the standard check lists, and to truly know what may be significant, what the significant risks specific to this situation may be, what to look for, what to ask, and whom to question. Due diligence is often associated with corporate acquisitions. Indeed, it is not only an essential step in any significant business acquisition; it can sometimes be the most important step. Due diligence can also be useful, in a similar manner, in the overall assess-ment of a contemplated business deal (which, of course, can be significant even if it doesn't involve an actual acquisition).
Likewise, due diligence is sometimes very appropriate in terms of learning more about a particular company. For example, a prospective board member or senior executive will want to know quite a bit about a company that has just extended an offer of a board seat or an executive position. This informa-tion needs to be comprehensive in covering critical factors, as well as objec-tive, so one does not want to rely entirely on that which is provided by the company itself.
Our due diligence services in India may be comprehensive, or they may supplement other due diligence efforts, or they may be an intentionally limited, narrow-focus probe. We optimize the effort to fit within the time and budget requirements of the client, and can jointly map-out with the client the areas of concern and risk. We can provide short-notice, fast-turnaround due diligence reports where needed.
We undertake legal due diligence for various purposes such as Private Equity, Venture Capital Funding, Public Offerings, Mergers & Acquisitions etc.,
SEZ Related Services
Establishment of SEZ Preparation and Filing of Application in Form-A with Central & State Gov-ernment, follow-up with State Government for its recommendations, Ar-rangement of formal approval, Arrangement of Inspection & Demarcation of processing and Non-processing area by DC,
Completion of notification procedures, Permission for Authorised Operations, and Execution of Bond cum LUT.
Establishment of SEZ Units Preparation and Filing of Application in Form-F along with Project Report to Development Commissioner, follow-up with the Office of the DC, Arrange-ment of LOP from DC, and Execution of Bond cum LUT with DC.
Excise Free Purchase Scrutiny of Documents like Invoice, PO, ARE-1, PN etc., Filing of documents along with ARE-1 to Authorized Officer of Customs, Inspection of Material by the Authorized Officer of the Customs, Endorsement of Re Warehousing on ARE-1, and Submission of ARE-1 to the Vendor.
Exemption Certificates Arrangement of Permissions for availing Exemption from Payment of Octroi, CST,VAT, Electricity Duty, Stamp Duty etc.
Incentive Schemes Arrangement of Duty Drawback & DEPB credit against supply of Goods by DTA.
Periodical Returns Filing of Quarterly Returns and APR to Development Commissioner, BOA, MOC, Customs & Central Excise.
Operation Manual Rules & Regulations related to SEZ Acts 2005 & SEZ Rules 2006, Customs Act, Central Excise Act, Income Tax Act, Service Tax, CST, VAT, MAT, DDT etc. Updating with New Amendments and Laws.
Statutory Registrations Registrations under Shops & Establishment Act, P.F. Act, ESIC Act, and PT Act.
