A company involves lots of departments. We departmentalize organizations as we need to obtain the maximum outcome of each operation. It simply enables the close supervision, direct influence and also provides the ability to inspect the performance of each department separately. Among these departments, we commonly talk about, finance, Human resources & administration, transport and logistics. But do you also know that company legal division also plays a giant role behind the curtains.
Most of the companies now go for a firm of corporate secretarial services rather than recruiting an in house company secretary. Whether you recruit a professional or obtain the service from an expertise firm, the requirement will be there always and it is a fundamental role in your organization.
A firm of corporate secretarial services not only fulfills your company legal documentation and registrations, they also provide you case instructions too. Such as the legal situations where company has to get involve, new rules and regulations introduced by the company and etc.
A company involves so much of strategic decisions day in and day out. Management make these decisions to engrave the stability of the company, such as starting up a new subsidiary, issue of shares, change of company name, logo and business address, change of nature of business, removal and recruitment of directors and shareholders and etc. For all these transactions, it is require to process them under the legal framework.
In order to maintain the transparency of a company and reliability of it, every government has set up a code of conduct which contains rules and regulations for the companies. It will safeguard the companies and also provides the assurance of the companies for the third parties.
These rules and regulations will shape up the operation. And also provide limitations and boundaries for the companies in their unlimited liability. So investors and financial aid providers have a security and an assurance when they are binding up with the company.
For each and every aforesaid process there is a set up documentation to be followed up and also there is a separate process to conduct each of this transaction. That is why your company requires the support and instruction of an expert. Non submission of these documents will blacklist your company in front of the standard company rules and regulations and also delay submission will also cause you certain fines too.
Unlimited liability of a company is a huge risk. True that it paves lot of opportunities for a company, but in the same time, it can turn the other way around. That is why government has enforced a legal framework for the companies to follow up.