Pioneers in Compliance
A Partner with expert domain knowledge about all Corporate compliance building relation by hassle-free compliance support.
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M&A Transaction Advisory
Capital Market Services
Company Law Advisory & Sec Services
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Our Services
What we offer
We at MG Consulting offer you, Reliable & Efficient, Hassle-free experience. We offer a wide range of services from Incorporation of a company/partnership firm/start-ups to steady state compliances’ required to carry out business as usual.
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Guide, Support, Grow
A Partner with expert domain knowledge about all corporate compliance building relation by hassle-free compliance support
Know More00+TEAM MEMBERS
00+HAPPY CLIENTS
000+YEARS OF EXPERIENCE
INDUSTRIES
We advise more than
500 companies from all sectors
Pharmaceutical
Media House
Logistic
Finance
Entertainment
Hospitality
Real Estate
Real Estate
Mobile Gaming
Ai-Tech
Our Team
Meet the people who make it happen
Mr. Mannish Ghia
Founder and Managing Director
Mr. Raghavendra Shanbhag
Head – Business Development
Mr. Harish Bora
Head – Transactional Compliance Services
Mr. V. Shankar
Head – Due Diligence
Ms. Khushbu Shah
Team Leader – Un Listed Vertical
Ms. Madhavi Lingayat
Team Leader – Un Listed Vertical
Mr. Bhavya Gala
Team Leader – Listed Vertical
Mr. Shailesh Bendugade
Team Leader – Finance & Accounts
Mr. Arjun Sahu
Team Leader – Labour Law
FAQ
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Whether concept of proxy is relevant in respect of a general meeting wherein e-voting facility has been provided to the members.
Proxy is a facility given to a member to exercise his voting rights in case the member is unable to attend and vote himself. The provision for electronic voting is a platform facilitating the members to vote on their own. Hence, any member who has not exercised his vote electronically, may attend and vote at the general meeting either personally or by appointing a proxy to attend and vote on his behalf. The concept of proxy is still relevant, though with limited applicability.
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Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the Companies Act, 2013?
As per the Rule 2(xii) of the Companies (Acceptance of Deposits) Rules, 2014, any amount received in the course of, or for the purposes of the business of the company - as advance, accounted for in any manner whatsoever, received in connection with consideration for property under an agreement or arrangement is exempted from the definition of the Deposits but if such advance is not adjusted against the property in accordance with the terms of agreement or arrangement then it will be treated as deposit.
Further, whether interest is charged or not is immaterial.
Thus, advance taken from customers by real estate company shall not be considered as deposits. But if it is not adjusted against the property in accordance with the terms of agreement or arrangement, then it will be treated as deposit.
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What is the preservation period of register of members and annual return under the companies Act, 2013?
In terms of Rule 15 of the Companies (Management & Administration) Rules, 2014, the register of members along with the index shall be preserved permanently. Copies of annual returns prepared under section 92 and copies of all certificates and documents required to be annexed thereto shall be preserved for a period of eight years from the date of filing with the Registrar.
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Is it mandatory for a company to keep its documents, records, registers, minutes, etc. in electronic form?
According to Section 120, the documents, records, registers, minutes, etc. may be kept and inspected in electronic form. Rule 27 of Companies (Management and Administration) Rules, 2014 initially mandated every listed company or a company having not less than one thousand shareholders, debenture holders and other security holders to maintain its records, as required to be maintained under the Act or rules made there under, in electronic form. However, MCA has revised the rules namely the Companies (Management and Administration) Second Amendment Rules, 2014, and amended rule 27 as follows: - in rule 27, in sub-rule (1) and in the Explanation, for the word "shall", the word "may" shall be substituted. Therefore, the companies have now been given an option to maintain the records in electronic form.
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Talk with our experts to create a customized solution for your compliance queries that blends with proven strategy with tactical thinking.
Mr. Mannish Ghia is a Fellow member of The Institute of Company Secretaries of India (ICSI) and a Commerce Graduate from the University of Mumbai. The enthusiastic and dynamic visionary, Mr. Ghia is a man of strong judgment and deep insight. He possesses significant experience of more than 21 years in the field of Advisory and Consultancy Services under Corporate Laws comprising of Companies Act, Securities Laws, Listing Guidelines and Regulations, NBFC Guidelines, and SEBI Rules & Regulations. Always at the forefront with his prudent decision-making, keen vision & unmatched knowledge base, Mr. Ghia has been instrumental in spearheading numerous Public Offerings, Mergers & Acquisitions, Rights Issues, Bonus Issues, Preferential Allotment, and Takeover of Listed Companies, etc.Mr. Ghia has been the driving force behind MG Consulting Group and will continue to galvanize the Group’s involvement in the corporate, financial & social sectors, doing his bit in a pursuit of, ‘Inclusive Collective Progress,’ at its crux.Email: mg@mgconsulting.in‘There is no alternative to hard work is and has always been his belief.