www.corpzo.com
Easing Compliance Incubating Growth
COMPLIANCE | FINANCE | LEGAL | INVESTMENT | GROWTH | ENVIRONMENT
+91- 99991 39391
reach@corpzo.com
www.corpzo.com
www.corpzo.com
Asset reconstruction company registration Business registrations
+91- 99991 39391
reach@corpzo.com
www.corpzo.com
ABOUT US
ACCELERATING BUSINESS EVOLUTION
✓ We are a Corporate Compliance organization having our presence across the globe aiming to ease compliance and assist in business evolution. ✓ We ensure that your business is up to pace with todays hyper-dynamic corporate legal structure(s) ✓ We take care of your compliance, so you can focus on your business.
✓ We are a corporate compliance organisation with expertise at providing pollution related and waste management advisory. ✓ Our experts have facilitated the incorporation of more than 1000 clients. ✓ We have facilitated more 5000+ clients in attainment of there business licences and registrations and more than 300 clients in obtaining there Ayush Manufacturing Licences throughout India. ✓ Successfully executed 100+ licences for financial businesses.
What is an asset reconstruction company? An Asset Reconstruction Company is a special type of financial institution that buys the debtors of the bank at a mutually agreed value and attempts to recover the debts or associated securities by itself. The asset reconstruction companies or ARCs are registered under the RBI and regulated under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002). The ARCs take over a portion of the debts of the bank that qualify to be recognized as Non-Performing Assets. Thus ARCs are engaged in the business of asset reconstruction or securitization or both. All the rights that were held by the lender (the bank) in respect of the debt would be transferred to the ARC. The required funds to purchase such debts can be raised from Qualified Buyers.
Asset Reconstruction is the acquisition of any right or interest of any bank or financial institution in loans, advances granted, debentures, bonds, guarantees or any other credit facility extended by banks for the purpose of its realization. Such loans, advances, bonds, guarantees and other credit facilities are together known by a term – ‘financial assistance’. Securitization is the acquisition of financial assets either by way of issuing security receipts to Qualified Buyers or any other means. Such security receipts would represent an undivided interest in the financial assets.
Qualified Buyers include Financial Institutions, Insurance companies, Banks, State Financial Corporations, State Industrial Development Corporations, trustee or ARCs registered under SARFAESI and Asset Management Companies registered under SEBI that invest on behalf of mutual funds, pension funds, FIIs, etc. The Qualified Buyers (QBs) are the only persons from whom the ARC can raise funds.
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WORKING OF AN ARC 01
DEBTORS/ BORROWERS/ OBLIGATORS
02
03
BANKS / FINANCIAL INSTITUTIONS
QUALIFIED BUYER
✓Banks offer Financial Assistance ✓The borrowers provide security for such financial assistance
✓ Transfer the Bad Debts ✓ The ARC’s purchase such financial assets to realise the same
✓ Purchases Security Receipt ✓ ARC’s issue security receipts representing undivided interest in financial assets
SOURCES OF FUNDS
APPLICATION OF FUNDS
✓ Owned funds
✓ Holding of assets directly on their balance sheet
✓ Loans from banks/ financial institutions
✓ Holding of assets in trusts ✓ Issue of debentures ✓ Investment in SRs by the ARC
✓ Funds from Qualified Institutional Buyers against undivided interest in SRs, largely comprising NBFC’s and FPI’s
Who can invest in an arc? 01
SPONSOR
02
03
FOREIGN DIRECT INVESTMENT
FOREIGN PORTFOLIO INVESTORS
✓A sponsor means any person holding not less than 10% of the paid-up equity capital ✓A Sponsor can hold up to a Maximum 50% of the equity capital.
✓ 100% FDI is allowed in an ARC ✓ Upto 49% FDI investment is possible through automatic route ✓ Investment beyond 49% is through approval route
✓ 100% FPI is possible in an ARC ✓ A single FPI can invest upto 10% of the paid-up capital
Pre-requisites for ARC registration ✓
Making sure that at least for past 3 consecutive years no losses have been incurred by the company
✓
Adequate arrangements to repay the returns as per the applicable guidelines
✓
The directors shall possess adequate knowledge & experience in the field of finance and debt management, and shall never have been convicted for an offence involving moral turpitude.
✓
Minimum Net Owned Fund Requirements of INR 100 crores shall be fulfilled (READ NOTIFICATION)
✓
The applicant should have all provisions to comply with the prudential norms in accordance with the .
✓
Satisfy RBI with all well maintained registers and account records
Requisite Documents & Information ✓
Certified copy of latest MOA & AOA of the applicant Company.
✓ Certified copy of the certificate of incorporation of the applicant Company.
✓ Board resolution stating that the company has not accepted any deposit and will not do so in the future. ✓ None of the directors shall be disqualified as per the Companies Act or convicted for any other offence.
✓ Detailed information about the sponsor, their profiles, holdings etc. ✓ Detailed information about the management, their profiles, their duties, holdings etc.
✓ A certified copy of auditor certificate. ✓ Audited financial statements pertaining to the last 3 financial years along with directors report and auditors report.
✓ Statement of net owned funds certified by the banker. ✓ Information about related party transactions.
✓ Detailed business plan of the proposed ARC ✓ Detailed profile of the Proposed directors, promoters and shareholders. In case any further information or document is required, Our Compliance team will collect the same within 7 days begin the process.
Indicative timeline Scope of work
Timeline
Seeking and Compiling information pertaining to the applicant company, Directors and Sponsors
x+15
Preparation & Finalisation of DPR (Detailed Project Report)/business plan based on the information received from the Client
x+40
Preparation of Application in the prescribed format for submission with the RBI for registration
x+45
Submission of application along with the requisite annxures and prescribed fee
x+47
Receipt of communication of registration or rejection (includes liasoning with RBI) (x+47+30)
x+77
Assessment and Replying to any contentions raised by the RBI Receipt of Second Round of communication of registration or rejection (includes liasoning with RBI) (x+47+30)
x+82
Assessment and Replying to any contentions raised by the RBI
x+133
x+112
Please take note every additonal round increases the timeline by approximately 51 days (30+21) Issuance of In Principle Approval by the RBI
x+163
Invitation for the meeting of Board of Directors with the RBI
x+184
ISSUANCE OF CERTIFICATE OF REGISTRATION
x+198
Please Note - Timelines are based on the regulatory time taken for each step and coordination with the Client, while we will try to adhere to the timelines, but may not be able to commit to the same.due to any changes in the law,procedure or regulations
process FOR ARC registration An ARC needs a sponsor and directors with expertise in the business
Step 1
Preparation of application and requisite drafts as mentioned here along with a business plan stipulating the projected/prospective growth of the Company for a span of 3 years and 5 years.
Step 2
Maintaining the NET OWNED FUND of INR 100 Crores shall be arranged prior to filing of the application for the certificate of registration of ARC.
Step 3
Submission of the application along with requisite annexure and information in the prescribed format along with the prescribed fee.
Step 4
The RBI may conduct an inspection after scrutinizing the application very meticulously. The application is assessed for any defects, incompleteness or discrepancies in order for the applicant to take corrective measures.
Step 5
The Certificate of registration may be issued by the authorised representative of the RBI are of the view that the application filed is in accordance of the prescribed norms and the applicant is compliant to the essence of the law.
NOTE: The Reserve Bank may reject the application made under if it is satisfied that the conditions specified in are not fulfilled
SCOPE OF WORK ✓
END TO END Advisory for ARC Registration
✓
Ensuring compliance with the essential norms prior to submission of application
✓
Preparation of the application business plan in consonance with the your team
✓
Preparation of Draft Application and Attachments
✓
Submission of Application and prescribed fees
✓
Pro-active follow up with the designated officer
RELATED SERVICES PRIVATE LIMITED COMPANY REGISTRATION
01 ANNUAL FILING
02
ACCOUNTING & BOOKKEEPING
03 FINANCIAL ADVISORY
04 VIRTUAL CFO SERVICES
05 BUSINESS LICENCES
06
Post incorporation requirements ✓ Recommending / validating and developing / re-engineering loan processes ✓ Recommending and developing or validating loan policies, including appraisal techniques & tools
✓ Product Development ✓ Development of IT Infrastructure
✓ Credit Risk Management Advisory ✓ Putting in place an organized Scoring Model
✓ Implementation of an organized reporting infrastructure. ✓ Legal Operations Management
✓ NHB regulatory and compliance requirements ✓ Participating in the recruitment process of CEO / HoDs
✓ Organisation structure and HR policies
Our Services 01
Business Strategy o o o o
02
03
05
Business Plan Startup Pitch Deck Feasibility Analysis Techno Economic Evaluation
Compliance Management o o o o o
Annual Compliance Periodic Filing and Returns Change in Business FERA & FEMA Listing Compliance
Business Incorporation o o o o o o o
Indian Business Incorporation International Incorporation Foreign Subsidiary / India Entry Financial Business Incorporation NGO Incorporation Joint Ventures/Speacial Purpose Vehicles Trust/ Society/ Section 8/ NGO
Environment Approvals
06
Steps to a Successful Business 07
Trademark Patent Copyright Representation & Appeal
Licence & Registration
04
o o o o o o
Labour Licences RBI Licences Drug & Cosmetics Ayush & Herbal Urban Local Body Approval Regulatory Approvals
Pollution Noc/Consent EPR Authorisation (E-waste & Plastic) Bio Medical Waste Solid Waste Hazardous Waste CGWA NOC
Financial Advisory
Intellectual Property o o o o
o o o o o o
o o o o o o o
Accounting & Book Keeping Loans & Funding VCFO Services International Accounting Credit Rating Advisory Startup Funding Project Evaluation
Transaction Support
08
o o o o
Transaction Advisory Due Diligence Mergers & Acquisition IPO & FPO
OUR APPROACH
Our processes are aimed at solving most complex business problems, reducing risk and gain a competitive advantage by achieving good governance and financial control
ASSESSING REQUIREMENTS
DEDICATED PROFESSIONAL
REGULAR UPDATES
Understanding the client’s business needs and analyzing the requirements on call or in person as the need be
We align a professional to ensure to discuss in detail the compliance requirements of your business and thorough assistance throughout the process.
We thrive to keep you apprised about the status of your application until its completion. Every development on your application is brought to your attention.
Stage 4
Stage 2
Stage 5
Stage 3
Stage 1
SIGNING OF SLA
DOCUMENTS & INFORMATION
We share the estimated expenses and a service level agreement for the requested service
Following the SLA the necessary documents and information are collected from the client
Our Presence and Growth Significant Growth in Client Base Last 3 Years
2000 + Happy Clients Across Industry Verticals Around the Globe
2020 2010 Clients
2017 813 Clients
2013
40
145 850
171 Clients
110 100
Automobile
FMCG Information Technology
400 50
Textile
Metals & Minerals
Waste Management Healthcare & Pharmaceuticals
200
400
Food & Beverages
Real Estate Energy & Natural Resources
525
900
545 75
350
Financial Services
Packaging & Printing
754
Consumer Retail
OUR PRESENSE ACROSS INDUSTRY VERTICALS around the globe
Transport & Leisure Banking & Insurance
Why Us?
CO R P Z O PROMISE
✓ We promise perfection! ✓ We promise business evolution!
✓ We ensure accuracy! ✓ We believe in business ideas! ✓ We promise OUR BEST!
Who we are We believe in empowering businesses.
Technology Based Compliance Platform Corpzo Ventures Private Limited is an initiative aimed at simplifying the business journey for startups, Corpzo encompasses a team of more than 1000 legal, finance and banking professionals, set out to assist entrepreneurs around the globe in their business quests. We believe that every business needs nourishment in its budding stages. Ensuring smooth navigation through the bumpy ride of legal compliance, financial risks is what we are good at. We understand that the journey of an entrepreneur begins with his idea of a business. We, at, Corpzo, offer a complete range of professional services and tailor-made solutions for the evolution of your business ranging from incorporation compliance, legal, financial, taxation, technology, Intellectual Property Management, Registrations, Licensing and Marketing.
We assist you in choosing the best suited mode of business, get appropriate protection for your intellectual property, attain all the relevant mandatory and voluntary registrations, approvals, permits and certifications. We also assist in managing the accounts, taxation, finance and funding aspects of your business. In essence we wish for you to concentrate on your idea while we focus on the rest for you.
Our team of experts aims at easing Compliance and incubating your business growth with maximum efficiency & minimalist timeline.
ALL YOU NEED TO DO IS CALL US AND LET US WORRY ABOUT THE REST !! IT’S THAT EASY!!
www.corpzo.com
Corpzo Ventures Private Limited
+91- 99991 39391 reach@corpzo.com
www.corpzo.com
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