SVVS & Associates Company Secretaries LLP - Associate Firm
SVVS & Associates Company Secretaries LLP is a mega CS firm having presence at Mumbai, Chennai, Hyderabad and Delhi. The Designated partners are Practicing Company Secretaries of eminence and are well respected in the industry. The following activities are carried out by SVVS & Associates, an associate firm of Finteglaw.
The concept of Secretarial Audit was introduced by the Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc. It is a mechanism to monitor compliance with the requirements of all applicable laws and related compliance processes. Secretarial Audit gives comfort to the regulators, stakeholders and management that company observes a disciplined approach to evaluate and improve effectiveness of risk management, control, and governance processes
As per section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, (i) Every listed company, (ii) Every public company having a paid-up share capital of Fifty Crore rupees or more and (iii) Every public company having a turnover of Two Hundred Fifty Crore rupees or more are required to obtain ‘Secretarial Audit Report’ from independent firm of Practicing Company Secretaries.
A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines and preparations. Finteglaw’s Audit Team review security polices, user access controls and risk management procedures over the course of a compliance audit.
An effective risk management oversight program identifies and manages risks that potentially threaten a company, such as fraud, failed audits, lost customers, damage to brand and reputation, and increased capital costs. Audits of specialised nature have become necessary for corporate entities to introspect their efficacy in various faculties of business management. These audits are highly effective in fine tuning the policies of the company to achieve the highest levels business standards and customer satisfaction.
Every organisation is prone to several risks such as Strategic Risk, Reputation Risk, Compliance Risk, Operational Risk, Legal Risk, Exit Strategy Risk, Counter party Risk, Country Risk, Contractual Risk, Outsourcing Risk, Access Risk, Concentration Risk and Systemic Risk. These risks can lead the organisation to huge financial losses and/or loss of reputation. An audit will bring out the high risk areas into focus leading to mitigating measures.
Extensive legal and financial due diligence exercise is carried out to prepare the issuer company for the initial public offer. The whole exercise involves several sittings with the company's Directors, Key Management Personnel and other officials. It also involves interactions with the auditors, Legal Advisors, Collaborators etc of the company.
We ensure that the company is in fine fettle and that all the activities of the company are in total compliance of all the relevant statutes, rules and regulations. We give utmost importance to good Corporate Governance and believe in the concept of wealth maximisation of the stakeholders.
Representation Before Tribunals
A firm of Company Secretaries is allowed to represent clients and appear before various regulatory authorities like Securities Exchange Board of India (SEBI), Competition Commission of India (CCI), Regional Director of MCA etc. and quasi judicial bodies such as Securities Appellate Tribunal (SAT), National Company Law Tribunal (NCLT), and Competition Appellate Tribunal (COMPAT).
SVVS & Associates Company Secretaries LLP attends to the Show Cause Notices (SCN) and Adjudication proceedings against clients by various regulatory authorities like SEBI, CCI etc., and prepares defence for the same. The Designated Partners of the firm represent clients and appear before various regulatory authorities and Tribunals.