Entity compliance and governance

Our Entity Compliance and Governance Services team provides bespoke advisory, compliance, governance, health-check, documentation and project management services to businesses across set-up, operations and exit phases, with a focus on best practice implementation and risk mitigation.  

Related topics IPO Managed Services Tax compliance

The team

Bharat Varadachari

Bharat Varadachari

EY India Tax Partner – Accounting, Compliance and Reporting

Sampath K Rajagopalan

Sampath K Rajagopalan

EY India Entity Compliance and Governance Partner

What EY can do for you

Since the introduction of the Companies Act, 2013, it has been challenging for businesses to keep pace with the high volume of compliance and documentation requirements, frequent changes and ambiguities in the law.

EY will help you understand the prescribed compliance requirements, share real-time regulatory updates, help establish strong governance processes and share local and global compliance and governance best practices.  

Through one-off, project specific or comprehensive managed compliance and advisory services, EY will assist you in meeting your regulatory obligations and managing your related business, operational and reputational risks. 

Our experienced professionals in the corporate secretarial services team helps bring deeper expertise to the table and enable consistent regulatory compliance. 

Additionally, as an advisor to the Ministry of Corporate Affairs, we are providing domain knowledge to the Ministry on MCA21 Project. We have also actively participated in various policy initiatives with high level committees of the ministry and are frequent participants at webcasts/sessions with various industrial bodies on Corporate Social Responsibility and other such topics of stakeholders’ interest. 

Our services

  • Incorporation and Conversion Services

    Our Entity Compliance and Governance team has rich experience in advising clients headquartered in various geographies on the different forms of entity presence and set-up of the entities based on the business objective, business model and desired organization structure. 

    Our key services include:

    • Incorporation of companies (including Section 8 companies)
    • Set-up of Limited liability Partnerships (LLPs)
    • Set-up of other entity forms such as partnership firms, trusts, liaison offices, project offices and branch offices
    • Conversion from one entity form to another

  • Compliance Retainer

    During its lifecycle, an entity registered in India is required to undertake a vast number of statutory compliances, reportings and filings. The dynamic corporate regulatory environment further adds to the complexity and risks of non-compliance. Our comprehensive year-round corporate secretarial assistance helps strengthen the overall compliance and corporate governance framework. It covers comprehensive handholding support for Board meetings, committee meetings, annual general meetings, routine and annual statutory filings, updating statutory registers, annual disclosures, KYC compliances of Directors and regular updates on key changes in corporate laws.

  • Transaction Assistance Services

    We continue to witness a significant volume of corporate actions across sectors for raising capital, consolidating, expanding or divesting business operations, entity rationalization, mechanisms for efficient use of surplus funds or maximizing cash repatriations/returns to shareholders. We have been engaged by clients to provide nimble, solution-oriented advice across the following illustrative areas:

    • Mergers, demergers, and amalgamations
    • Business transfers, slump sales and asset sales
    • Fund infusions through issuance of securities (including debt securities), loans and borrowings
    • Re-organization of share capital through buybacks, capital reductions, sub-divisions, consolidations, and securities transfers
    • Board related services, including onboarding and orientation programs for Directors and key managerial personnel, evaluation of Boards and their committees and changes in composition of Boards and their committees
    • Alteration of Memorandum and Articles of Association
    • Advisory services with respect to CSR, transactions related to loans and investments, related party transactions and compliance structuring

  • Listing Regulations Related Services

    Our team is equipped to provide year-round compliance support under the SEBI Listing regulations, SEBI Prohibition of Insider Trading (PIT) regulations and other allied SEBI regulations, along with digital governance solutions in identified areas. Our services include:  

    • IPO assistance
    • SEBI Listing Obligations and Disclosure Requirements (LODR) compliances
    • Review of related party transactions and PIT compliances
    • Preparation / review of Board’s report, corporate governance report and ESG reporting (BRSR)
    • PIT tool
    • Preparation and review of policies/codes
    • Preparation of Standard Operating Procedures
    • Governance review and benchmarking, including evaluation of corporate governance practices based on existing laws/regulations and Indian/global best practices
    • Governance manuals
    • Familiarization sessions for the Board/KMPs/Independent directors
    • Year-round compliance support 

  • Health-Check and Remediation Support Services

    Our comprehensive health-check and remediation support services provide a holistic view of effectiveness of compliance frameworks, gaps in regulatory compliances and risks associated with non-compliance, based on the provisions of the Companies Act, 2013, Limited Partnership Act, 2008 or SEBI LODR Regulations. As part of this service offering, we provide:

    • One-time diagnostic reviews to evaluate the completeness and accuracy of past compliances and corporate data, policies and processes
    • Assistance in regularizing compliance gaps
    • Assistance in compounding of offences
    • Assistance in mapping legal obligations to internal processes and policies
    • In-depth assessment of risks relating to process and policy gaps and non-compliances
    • Recommendations to improve the company’s compliance reporting framework

  • Closure Services

    For entities intending to close their business operations in India, we provide extensive advisory and closure support based on the financial position, status of assets and liabilities, status of pending litigations/prosecutions/proceedings and expected timelines for closure: 

    • Advisory on modes of closure of an entity and repatriation of funds
    • Strike-off of the company
    • Liquidation support services
    • Closure of LLPs / offices of foreign companies

Global delivery model

EY governance and compliance professionals are present across the globe in over 140 countries to deliver tailored compliance services.

EY global delivery model incorporates a single point-of-contact for clients as well as local specialists, regional offshore delivery centers and onshore engagement teams. This blend of resources means we are always operating in the right time zone, with the right level of expertise and with the appropriate resource costs.

EY teams can provide cost certainty for clients with a fixed fee for annual compliance as well as ad hoc work. The teams can provide an assessment framework for cost benchmarking so you can review your current spend on compliance and entity maintenance including internal and external spend. This is helping clients who find themselves under increasing cost pressure. After providing a cost analysis, EY teams can assist clients to implement a sustainable cost reduction program.

The risk-based approach means that we drive predictability and risk reduction across the compliance function.

Direct to your inbox

Stay up to date with our Editor's picks newsletter.

Subscribe

Contact us

Like what you’ve seen? Get in touch to learn more.