Compliance with Law of Land is utmost important for achieving long term business goals, especially for foreign entities setting-up business in India, who have little or no knowledge of various regulatory requirements. Foreign Exchange Management Act, 1999 (FEMA) and the Companies Act, 1956 enumerate various requirements, which may appear difficult to fulfill but it is not so, provided you have a PERFECT consultant to take care of such matters.

Compliances under Foreign Exchange Management Act, 1999: Reserve Bank of India regulates all foreign exchange related transactions through FEMA. Under the Act, businesses are required to file various returns, seek approvals from RBI on various matters. PERFECT’s team ensures all such compliance requirements, such as:

• Preparation and filing of Form FC-GPR pursuant to issue of Shares to a Non-Resident investor

• Transfer of Shares from Resident to Non-Resident and vice versa

• Compounding of offence on contravention of FEMA regulations

• Seeking case specific clarifications from RBI Regional/Central office

• Approval/Registration for accepting External Commercial Borrowings

• Obtaining RBI approval for extension of export beyond 12 months from acceptance of advance

• Approval for extension of operation of Liaison office or Branch office established by a foreign entity in India

Corporate Secretarial Services: The Companies Act, 1956 governs all companies incorporated in India and requires the management to maintain various records and file Forms with the Registrar of Companies (ROC) on regular basis. Over the period, PERFECT has developed a strong team to take care of various requirements and provide other specialized services relating to the Act.

•  Undertaking detailed Secretarial Audit of the Company’s records

• Incorporation of Companies, including preparation of Articles and Memorandum of Association (charter documents of the Company)

• Maintaining all Statutory Registers including the Minutes Book of Directors’ Meetings and Shareholders’ Meetings

• Filling and filing of various ROC Forms

• Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC) for Directors

• Shifting of registered office from one State to another

• Changing the Name / Main Objects of the Company

• Registration of Foreign Companies

• Carrying out search and preparation of Search Reports

• Registration of charges with the ROC