Know more about compliance management of corporate consultants

In order to maintain risk-free operations, every business entity has to obey certain laws and maintain related compliance. These compliance encompass different areas relating responsibilities to the environment, employees, taxation, and customers. To comply with these responsibilities there is need of effective governance program which can be constructed by professionals having knowledge in the respective fields. While preparing a governance program is a challenge, bringing it to action is an even bigger responsibility to help the organization achieve its objectives.

Corporate valuations are also part of compliance for statutory and voluntary purposes. When a company allots ownership rights in form of stocks it has to first carry valuation for accounting of the options. A registered valuer providing ESOP company valuation is appointed, companies act makes it a statutory requirement. This valuation is needed even more by unlisted companies as the shares are not traded publicly. Any of the predominantly known methods may be used as the company has to mention pricing mechanism in the scheme document when it makes these options available for employees. Additionally, as per the regulations, the issuing company has to maintain records in ESOP register.

Annual filing compliance is a necessity for every company and LLP, there are lesser compliance for LLPs, but annual filing in form-8 and form-11 is compulsory. As part of the service, the consultants help in preparing documents for filing and completing the procedural requirements. Their services also encompass event based compliance which are subjective and needed only in case of a change. 

Generally, consultancies providing support to corporate entities encompass a wide range of functions. These services are availed at a fee which varies with the type of compliance, their services could extend to litigation support, representation before authorities, business licenses, registrations, etc. In order to cater in these diverse fields, there are specialists for each position which control their respective roles to provide overall services. With the introduction of e-forms, these consultancies also have expanded their services online making the task simpler for clients which can avail their support by providing required documents and details online from anywhere. 

CCV Pvt. Limited is a known consultancy for ESOP valuation and all types of corporate compliance management. Its plethora of services comprise of annual filing compliance, RBI compliance, SEBI compliance, and FDI compliance. It also helps companies in acquiring government clearances, trade licenses, and business registrations. 

Conclusion: There are different regulations applicable to business entities which need to be carefully maintained with compliance services of corporate consultants. 

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