Other Compliance
PF Computation & Filings
PF Computation & Filings involve calculating employee and employer contributions to the Provident Fund based on salary structures. Timely filing with EPFO ensures statutory compliance and helps employees build a secure financial future.
ESI Computation & Filings
ESI Computation & Filings involve calculating contributions from both employer and employee for medical and social benefits. Timely ESI filings ensure compliance with statutory norms and provide employees with essential health and insurance coverage.
PT Computation & Filings
PT (Professional Tax) Computation & Filings ensure accurate calculation and timely submission of state-mandated taxes deducted from employees’ salaries. Compliance with PT regulations helps businesses avoid penalties and maintain smooth statutory operations.
RBI Compliances
RBI Compliances involve adhering to guidelines issued by the Reserve Bank of India for financial transactions, foreign investments, and banking operations. Timely and accurate compliance ensures smooth functioning of cross-border dealings and avoids regulatory penalties.
Foreign Liabilities and Assets (FLA)
Foreign Liabilities and Assets (FLA) reporting is mandatory for Indian companies receiving foreign investments or making overseas investments. It provides the Reserve Bank of India with annual data on cross-border financial positions to monitor foreign assets and liabilities.
Form FC-GPR
Form FC-GPR is filed with the RBI when a company receives foreign investment and allots shares to the foreign investor. It helps the RBI track foreign direct investments (FDI) into Indian companies for regulatory and compliance purposes.
Form FC-TRS
Form FC-TRS is used when shares of an Indian company are transferred between a resident and a non-resident. It must be filed with the RBI to report such transactions and ensure compliance with FEMA regulations.
Conversion from one entity type to another
Conversion of LLP to Pvt Ltd
The Ministry of Corporate Affairs published a notice permitting LLPs to become corporations on May 31, 2016.
Conversion of OPC to Pvt Ltd
According to Section 18 of the Companies Act of 2013 and the requirements of the Companies (Incorporation) Rules of 2014, a newly formed Private Limited Company would handle the conversion of an OPC (One Person Company) into a Private Limited Company. These clauses will not impact the OPC’s existing contracts, commitments, liabilities, or debts.
Conversion of Pvt Ltd to OPC
A PLC (Private Limited Company) may become an OPC (One Person Company) under the Companies Act of 2013, which provides a process for changing one type of business into another. Section 18 of the Act specifically allows the conversion of an existing registered private limited company as of April 1, 2014.
Conversion of Pvt Ltd to LLP
Because they are an alternative corporate business vehicle that offers the advantages of a company’s limited liability while simultaneously giving its members the freedom to arrange their internal management according to a mutually agreed-upon agreement, as in a partnership firm, limited liability partnerships (LLPs) are the preferred business structure.
Conversion of Pvt Ltd to Public Limited
A public limited company is a limited liability business whose stock is offered for sale to the general public. A private limited company may become a public limited company in accordance with the Companies Act of 2013.