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
NBFC COMPLIANCE COMPLIANCE SERVICES
+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 businesses.
✓ We have facilitated more 5000+ clients in attainment of there business licences and registrations and more than 150 clients in obtaining licences for financial businesses throughout India. ✓ We have served more than 700 businesses and 100+ financial businesses with the annual and periodic compliance and filings
WHAT IS a NBFC? NBFCs or Non-Banking Financial Company is a company registered under the Companies Act, 2013 engaged in the business of providing financial services. They are financial intermediaries registered as companies, indulged in various financial services that range from providing loans and advances, accepting deposits, delivering credit, acquisition of shares, stocks, debenture, bonds, securities, hirepurchase insurance. and play an pivotal role in financial development of our economy. While the Indian financial system is dominated by banks, NBFC’s increase the financial inclusion of the corporate sector, facilitate credit to the unorganized sector & small and local borrowers by supplementing and posing competition to the banking sector in India. The definition of NBFC doesn’t include any company engaged in the principal business of industrial activity, agricultural activity, purchase or sale of immovable properties or any other goods other than securities can not be an NBFC. NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Chapter IIIB of the Reserve Bank of India Act, 1934 and any rules made thereunder or any directions issued by it under the Act. It is prima facie that the NBFC can be Companies registered under the Companies Act, 1956/2013 with the object clause of financial activity and the same need to take approval from Regulator Reserve Bank of India RBI) before commence the business of finance. Upon approval of RBI, Company can start the financial business and the entity should maintain the Principal Business Criteria (PBC) regularly. “Principal Business” implies that financial assets of the Company shall constitute more than 50% of the total assets of the Company and income from such financial assets shall constitute more than 50% of the gross revenue of the Company, is termed as “PBC”.
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Types of nbfc’s 1
Investment & Credit Company (NBFC - ICC): - RBI has consolidated or harmonized 3 categories of NBFC’s Namely Loan Companies (LC), Asset Finance
2
Infrastructure Finance Company (IFC) carry out financing of a minimum of three-fourths of their total assets in infrastructure loans. The Net Owned Funds (NOF)
3
Infrastructure Debt Fund: Non- Banking Financial Company IDF-NBFC are companies which facilitate the flow of long-term debt into infrastructure
4
NBFC-Factors has principal business of factoring. Factoring is a financial transaction and a type of debtor finance to provide the financial assistance now to cover the
5
Mortgage Guarantee Company (MGC)-NBFC has a principle objective of providing mortgage guarantee. Such companies shall comply with at least 90% of the business
6
Systematically Important Core Investment Company (NBFC - CIC-ND-SI) are engaged in the business of acquisition of securities and shares which its holds
7
Micro-Finance NBFC (MFI) is a kind of NBFC cater to low income groups and offer loans and offer insurance, deposit and other services to its members. These
8
NBFC-NON OPERATIVE FINANCIAL HOLDING COMPANY [NOFHC]: A NOFHC is financial business entity through which Entities/groups will be allowed to set
Companies (AFC) and Investment Companies, into a single Category named Investment and Credit Company (NBFC-ICC).
are more than 3 billion and a minimum crediting rating of 'A' with Capital to Risk-Weighted Assets Ratio is 15%.
projects. IDF-NBFC raises resources through Multiple-Currency bonds of minimum 5-year maturity. Only Infrastructure Finance Companies (IFC) can sponsor IDF-NBFCs.
invoice amount to be collected at a later date.
turnover form mortgage guarantee business or at least 90% of the gross income is from mortgage guarantee business
90% of its total assets in the form of investment in shares and equity. Such NBFC’s shall compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue.
companies.
up a new bank, which will hold the bank and all other financial services companies regulated by RBI or other financial sector regulators,
ANNUAL & MONTHLY COMPLIANCE ANNUAL COMPLIANCE S. NO. 1. 2. 3. 4. 5.
PARTICULARS Unaudited March Monthly return/NBS7 Audited March Monthly return/NBS7 Statutory Auditors certificate on Income & Assets Information about Cos having FDI/Foreign Funds Resolution of Non-acceptance of Public Deposit
TIME FRAME on or before 30th June Upon completion on or before 30th June on or before 30th June before the commencement of the new Financial year
6.
File Audited Annual Balance Sheet and P&L Account
One month from the date of signoff
7. 8.
Declaration of Auditors to Act as Auditors of the Company FLA Returns
Annually On or before July 15th every year
MONTHLY COMPLIANCE S. NO. 1.
PARTICULARS Monthly Return
These services shall be covered in the annual package of INR 200,000/-
TIME LIMIT by 7th of every month
Event based compliance ANNUAL COMPLIANCE S.No. 1. 2. 3. 4. 5.
Appointment of Director Resignation of Director (DIR-12) Adoption of any notification in the ensuing Board Meeting & filing the certified copy with RBI Quarterly Return (RBI) Adoption of any notification in the ensuing Board Meeting & filing the certified copy with RBI Quarterly Return (RBI)
within 30 days of appointment within 30 days of resignation
MONTHLY COMPLIANCE S. NO. 1.
PARTICULARS Monthly Return
These services shall be covered in the annual package of INR 200,000/-
TIME LIMIT by 7th of every month
ROC/MCA COMPLIANCE S. NO. 1
PARTICULARS
TIME FRAME
Declaration of Commencement of Business
INC-20A
(for the applicable company)
Within 180 days from the date of incorporation INC-22A
2. ACTIVE KYC of the company (for the applicable company)
Till 25th April 2019 without late fine DIR-3KYC
3. Directors KYC
Till the 30th of April 4.
Within 30 days of holding a first board meeting Director disclosure his interest in other entities. through Form MBP-1
5.
7 8 9
Every Director need to file disclosure of non-disqualification
through form DIR-8 Each company directors in each financial year must file a nondisqualification report with the company
Every company will appoint Auditor
File form ADP-1 within15 days of the meeting in which auditor gets appointed
Every Company shall hold Meetings of its Board of Directors every year
Minimum number of the meeting will be 4 in such a manner that the maximum gap between two meetings not more than 120days
The company must hold AGM every year
Within 6 months from the closing of financial year
10
Within 60 days of holding AGM. Every Small Company must file its Annual Return.
11
Financial Statement: Company is expected to file in this form their Balance Sheet along with Statement of Profit and Loss Account, Cash Flow Statement and Directors ' Report.
The annual return should be filed via type MGT-7 for the period 1 April to 31 March
Within 30 days of holding AGM Through form AOC-4
Annex: Balance sheet, Statement of Profit & Loss Account (including Consolidated Financial Statement), Board of Directors, Auditors ' Board, Statement of Cash Flow and AGM Notice
These services shall be covered in the annual package of INR 200,000/-
OTHER APPLICABLE COMPLIANCE ✓
Shifting of Registered Office of The Company
✓
PF & ESIC Registrations
✓
Virtual Accounting (Monthly) & Virtual CFO Services (Fund Raising)
✓
GST Filings (Monthly, Quarterly & Annual Returns)
✓
Statutory Audits & Compliance Audits
The fee structure for these compliance can be shared post discussion of the scope (turnover, transactions and other factors)
RELATED SERVICES LICENCES & REGISTRATIONS
01 ANNUAL FILING
02
ACCOUNTING & BOOKKEEPING
03 FINANCIAL ADVISORY
04 FERA REGISTRATION
05 FUND RAISING
06
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
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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