How SNS Legal Aid Handles Corporate Governance & Compliance?
At SNS Legal Aid, we view corporate governance not just as a regulatory necessity, but as the backbone of corporate credibility, investor trust, and sustainable growth. Our team assists companies in establishing governance frameworks that align with the Companies Act, SEBI norms, and industry-specific regulations.
We ensure that Board structures, policies, and disclosures meet legal and ethical standards. Whether you’re a startup or an established corporation, we assist with compliance audits, risk management frameworks, secretarial practices, director responsibilities, and governance restructuring. We also manage regular filings, regulatory reporting, and ROC compliance, ensuring your business avoids penalties and reputational risks.
We act as your external compliance partner, keeping your company inspection-ready at all times while allowing you to focus on core operations.
Laws and Acts Involved
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standards (SS-1 & SS-2) by ICSI
- FEMA Regulations (for foreign companies)
- Income Tax Act, 1961
- POSH Act, 2013 (where applicable)
- Environmental & Industry-Specific Compliances
- CSR Rules, 2014
- The Insolvency and Bankruptcy Code, 2016 (in governance for default scenarios)
Services We Provide in Corporate Governance & Compliance
- Annual compliance filing (ROC, MGT-7, AOC-4, etc.)
- Board meeting assistance & drafting minutes
- Secretarial audit & secretarial services
- Statutory register maintenance
- Corporate governance advisory
- CSR Policy drafting & implementation
- Director appointment, resignation & reporting
- Compliance health checks & gap audits
- FEMA & RBI reporting (for foreign investments)
- Prevention of Sexual Harassment (POSH) policy & committee setup
Frequently Asked Questions (FAQs)
A company must file annual returns, maintain statutory registers, hold regular board meetings, appoint an auditor, and file income tax returns every year.
Corporate governance ensures transparency, accountability, and fairness in a company’s dealings. It includes board structures, ethics, policies, and stakeholder relationships.
No. It’s mandatory only for certain class of companies like listed entities and public companies meeting prescribed thresholds under the Companies Act.
Late filings can attract hefty penalties, disqualification of directors, or legal action by regulatory authorities like MCA or SEBI, depending on the entity type.
Directors are responsible for ensuring all filings, disclosures, and meetings are in order. Their personal liability may arise in case of negligence.
Yes, you can retain a legal firm like SNS Legal Aid to handle your compliance and secretarial functions as an external consultant.
Registrar of Companies (ROC) compliance includes filing annual returns, balance sheets, director reports, and other forms mandated by the MCA.
Yes, unless the company has officially applied for dormant status, all companies must meet compliance obligations regardless of turnover or activity.
Yes, any company with more than 10 employees must constitute an Internal Complaints Committee under the POSH Act and conduct regular awareness.
Ignoring early compliance can lead to cumulative penalties, difficulty in fundraising, and a negative image among investors and clients. Preventive governance is key.