What is Statutory Compliance?

Adhering to statutory norms of a country is a crucial task for all companies, whether small or large, to keep their business safe from legal troubles. Statutory refers to "of or related to statutes," which means laws or regulations. Compliance simply means to adhere to or follow these laws. Statutory compliance means following the laws on a given issue. Companies need to have a deep understanding of statutory compliance to minimize the risk of noncompliance.

Complying with Central and State Acts and Regulations keeps a company safe from legal trouble. Legal research helps to ensure compliance. Companies that fail to follow statutory norms may eventually fall under legal scrutiny.

The consequences of noncompliance can include late filing fees and even legal action for directors. Therefore, statutory compliance is essential for maintaining a company's legal standing.

How We Help

Our Corporate Compliance Services provide effective solutions to lower your compliance risk profile, reduce fines, better utilize law department resources, save measurable costs, and improve effectiveness. We assist companies and their directors with filing obligations under various Acts, Rules, Regulations, and Notifications.

We Assist with:

• Registration
  • Trademark/Patent/Copyright Registration
  • GST Registration
  • Registration under various Government Licenses
• Periodic Compliance
  • GST Compliance
  • TDS Compliance
  • Income Tax Compliance
  • Tax Planning
  • Tax Audit
  • Certification for Tax Compliances (Form 15CA/15CB)
• Routine Compliance Matters
  • Convening, holding, and drafting the minutes of directors' and extraordinary general meetings
  • Constitutional changes (e.g., company name, registered address, business objects, financial year, etc.)
  • Changes in company management (resignation, removal, and appointment of directors)
  • Company incorporations and branch establishments
  • Voluntary liquidations and deletions of companies
  • Simple (inner group) share transfers, share issues
  • Approval of annual accounts, appointment of auditors
  • Filing of annual accounts and necessary filings for annual statutory compliance obligations
  • Maintenance and preparation of statutory registers and minutes of meetings