08 Jun 2021 Ankit Chadha

5 Key Reasons To Engage In Company Secretarial Services In India

Company Secretarial Services | TRC Corporate Consulting

Setting up and running a business is not an easy task. It requires you to manage a number of things and juggle between responsibilities. However, when it comes to legal matters and secretarial activities, businesses require expert attention. This is where the role of a company secretary comes into the picture.

In a nutshell, a company secretary (also called a corporate secretary or compliance officer) is accountable for managing various secretarial activities of your business; acts as a bridge between the management and the investors; ensures that your organization fulfils regulatory, statutory and governance requirements under the corporate law. Besides, a company secretary also takes timely action to prevent legal complications.

Generally, outsourcing company secretarial services proves to be more beneficial. Let us review this in greater detail in the latter half of this article.

Let us first understand what exactly does a company secretary do. Here are some of the critical responsibilities of a company secretary.

  • Organizing general meetings
  • Prepare the agenda, notice and minutes of General Meetings
  • Give advice related to compliance practice and corporate law
  • Vetting legal documentation, including contracts and agreements
  • Preparing and issuing meeting notice to the Board of Directors
  • Maintaining relations with shareholders

However, these tasks can easily be outsourced. In fact, many businesses today are outsourcing company secretarial services due to a variety of reasons. Here we talk about a few of these reasons.

Proper and Efficient Handling of Regulatory Needs

Often there is no room for error when it comes to the job of a company secretary. With outsourced company secretarial services, you can ensure that the secretarial needs of your business are handled with perfection and efficiency.

The legal requirements from a business can be quite complicated and need an expert to handle them. Secretarial and compliance services take care of these needs too and ensure the safe and smooth functioning of your business.

Your business can rest assured of never facing penalization for being non-compliant on any essential formalities with effective outsourced company secretarial services.

Provide Timely Services 

Time is undoubtedly one of the most critical factors of the business world. Without optimal time management, your business runs the risk of falling behind in such a fast-moving and competitive world.

Corporate Secretarial firms have some of the most advanced and time-saving methods to get through with the tasks assigned. These methods have been picked up through years of experience and can be leveraged to provide effective and time-efficient services to your business.

Decreases Your Operational Costs 

The work that a company secretary does on a day-to-day basis can be tricky. This is why hiring an in-house company secretary would require you to train them as per your business requirements. Hence, engaging in outsourced company secretarial services in India might be a better option.

When you outsource these services, well-trained officials with years of experience in handling secretarial services extend their services to your business. These officials do not require any training and can get to work from day one.

These cost-cuttings can be especially beneficial for small businesses that are trying to operate on a budget.

Tailor-Made Services 

Every organization has different needs from their company secretarial services. While it can be challenging to find an in-house company secretary with the exact same skill-set as your requirements, this is possible with outsources services.

When you outsource your company secretarial services to a reputed organization, you get tailor-made services that cater to your business needs in the most efficient way.

These expert officials study and understand your business needs to provide services best suited to your business.

Highly Skilled Officials 

A company secretary’s role revolves around handling crucial tasks that can be of incredibly high importance to a business. This is why it is imperative that the individual who handles these tasks is well-experienced and knows how to handle these tasks effectively.

If you outsource company secretarial services to eminent corporate secretarial firms, you work with executives with years of exposure of having worked for prominent names in the industry.

This exposure can be of immense use to your business and help you avoid mistakes that can cost your business in terms of reputation or money.

Keep Your Business in Safe Hands

While these reasons make it clear that outsourcing your company secretarial services is a good idea, it is vital to choose reliable service providers so that you know that your business is in safe hand.

Take into consideration critical things before making this choice for your corporate secretarial firm. For instance, pricing and offered services are essential considerations when it comes to choosing the best company secretarial service provider for your business.

The Way Forward

Aside from this, you must also make sure that your outsourced company secretary is reliable and will provide timely services to your business. This is why it is indispensable that you pick corporate secretarial firms like ours.

At TRC Corporate Consulting, we offer a wide variety of company secretarial services like corporate advisory, company secretarial solutions, compliance health check, company formation, regulatory approvals, and company closure. Our team of experts are equipped with all the necessary skills to provide your business’s best company secretarial skills. Contact us to know more about these services.