Secretarial Audit is an audit whereby corporate compliances complied by a company are verified with various rules/ regulations/ procedures/ requirements under several statutes such as the Companies Act, 2013, and the Foreign Exchange Management Act, 1999, etc., in order to ensure that the company has complied with the legal and procedural requirements and also followed due process.

At G Prerna & Co., we conduct detailed secretarial audit as per the requirement under Indian laws in order to –

• check report on compliances;
• protect the interest of the customers, employees, society etc.;
• avoid any unwarranted legal actions by law enforcing agencies;
• point out non – compliances, if any;
• ensure that the secretarial and procedural requirements are duly complied with and that the image and goodwill of the company is intact; and
• take utmost care while issuing secretarial audit report, as we believe it is imperative for any company to identify and prioritize its controls and establishing its risk appetite. This process helps in establishing the required confidence in the eye of various stakeholders of the company.

Legal due diligence Due diligence is the process of obtaining sufficient reliable information about the business entity to help to uncover any fact, circumstances or set of conditions that would have a reasonable likelihood of influencing a business decision or the valuable making of an offer, of a consideration and of a price to complete the transaction..

At G Prerna & Co., we focus on finding the alternates to enhance the revenue, optimise the cost and implementing operational improvements in the process of legal due diligence with respect to: a) Companies Act, 2013; b) Foreign Exchange Management Act, 1999; c) employment/ labour laws, as applicable; d) intellectual property laws; e) third party contracts, as executed by the investee company; and f)
pending litigation.

We focus on the critical elements of the transactions, including:

• determining and quantifying various industry and deal-specific risks and
  opportunities;
• identifying hidden costs, commitments and contingencies;
• identifying basic framework of various laws which may be applicable to the transaction; and
• pointing out key issues and red flags which are likely to affect the transaction.

We also provide following services in respect of due diligence:

• assisting the client in obtaining necessary approvals and permits from various
  authorities;
•  identifying issues relating to structuring and documentation;
• identifying legal and contractual impediments, if any;
• examining the issues/ red flags and key areas that are required to be addressed in the business plan and evaluating the impact/ risk of the same on the proposed transaction; and
• assistance in preparation of legal documents such as shareholders agreement, memorandum of understanding, share purchase agreement, etc.;