Due Diligence/Health Check

In the complex landscape of corporate governance, ensuring that all compliance requirements have been met is crucial for the smooth operation of any organisation. To help businesses navigate these complexities, SDA offers Compliance Due Diligence/Health Check Services, designed to thoroughly review and rectify past compliance lapses. Our services provide an in-depth analysis to safeguard your entity from legal and regulatory challenges.

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► For Companies

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Under the Companies Act, 2013 (CA 2013) and its associated rules, companies are subject to numerous statutory obligations. Our comprehensive due Due Diligence/Health Check for companies includes:

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• Reviewing historical filings with the authorities to identify any gaps or non-compliance.

• Examining board and general meeting proceedings, resolutions, and statutory registers to ensure they meet legal standards.

• Reviewing the filing status of annual returns, financial statements, and other statutory forms such as eForm AOC-4, MGT-7, DPT-3, etc.

• Assessing compliance with corporate governance requirements, including board composition, committee formations, and independent director appointments.

• Identifying any breaches in law that might require compounding or adjuidication, and providing assistance in corrective actions, if needed.

 

► For Limited Liability Partnerships (LLPs)

 

Under the Limited Liability Partnerships Act, 2008 ("LLP Act 2008") and Limited Liability Partnerships Rules, 2009 ("LLP Rules 2009"), LLPs have their own set of compliance obligations. Our comprehensive Due Diligence/Health Check for LLPs includes:

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• Reviewing all necessary filings, such as LLP Form-11 (Annual Return) and LLP Form-8 (Statement of Account & Solvency).

• Ensuring proper maintenance of statutory registers and records.

• Verifying compliance with LLP agreements and any amendments thereto.

• Checking for adherence to deadlines for annual filings and compliance with regulatory notices.

• Providing guidance on addressing any identified non-compliance through proper channels, including adjudication/compounding of offences, if required.

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By availing our Due Diligence/Health Check Services, entities can confidently address any past compliance issues, ensuring they are on solid legal footing and well-prepared for future regulatory scrutiny. Our detailed and structured approach helps companies & LLPs mitigate risks, supports smoother operational continuity, and enhances corporate governance practices.