(B) Event-based Compliances

The law has specified plethora of compliances after occurrence of each & every event in a business organization. Some of such event-based compliances are as follows:

i.  Alteration in objects
ii.  Change of name
iii.  Change of Registered Office
iv.  Change in capital structure of the Company
v.  Alteration in AOA
vi.  Appointment & Resignation of Directors
vii.  Appointment of Statutory Auditors
viii.  Share Transfers & Transmission
ix.  Change in partners/ designated partners etc

Every such compliance is required to be completed within the due date specified in the law.
Our experts at Vyom Tax Compliance are competent to carry out such compliances effectively and within due dates, thereby saving costs of non-compliance.

(C) FEMA Compliances

The purpose of introducing the Foreign Exchange Management Act, 1999 (FEMA) is to smooth external trade, maintaining a healthy foreign exchange market in India, promote the importance of balance payments. FEMA compliance plays an essential role in the growth and success of various sectors in India.

We at Vyom Tax Compliance undertake the following assignments

(D) Not for profit organization Compliances (such as Societies, Trusts etc.)

We work for compliances of several not-for profit organizations such as Societies, Trusts especially for Societies, Trusts, Section 8 Companies amongst such other entities.

Annual Filing-
Several organizations are required to comply with several rules & regulations. One such compliance is of annual compliances, wherein financial statements, annual returns are required to be filed. We at Vyom Tax Compliance, offer such compliance services to our clients.

Election Compliances-
In most cases in not for profit organizations, the term of the Governing Body or the Managing Authority is for a limited period, say for 3 years, 5 years etc. In all such cases, there are elections conducted on regular basis, we at Vyom Tax Compliance assist the organizations in carrying out their election process smoothly & according to the provisions of applicable law.

Other event-based compliances-
Other than annual compliances, there are several event-based compliances, which are required to be carried out on occurrence of certain events. Such events can be alteration of MOA, change in registered office etc. We at Vyom Tax Compliance provide our professional services in complying with all such compliances with ease and within prescribed due dates.

(E) Labour Law Compliances

(i)  ESIC Returns

Applicability:

The ESIC is applicable on all the establishments having 10 or more workers and is beneficial to all the employees earning Rs.21,000/- or less per month as wages.

Benefits of ESIC:

• Medical Benefits
• Maternity Benefits
• Disability Benefits
• Social Security etc.

We at Vyom Tax Compliance render services for furnishing ESIC Returns of our clients.

(ii)   EPF Returns

Applicability:

Employees Provident Fund is a retirement benefit scheme for all salaried people and this fund is maintained by Employees Provident Fund Organization of India (EPFO).
Any company having 20 employees or more is required to register with EPFO.

Benefits of EPF:

• Welfare of the employees
• More social security
• Medical Benefits
• Insurance Benefits
• Taxation Benefits

(iii)   LWF Returns

Applicability:

The Labour Welfare Fund Act is not applicable to all categories of employees working in the establishment
It depends upon the wages earned and designation of the employee. Also, one needs to check the total number of employees working before extending the Act to their establishment. The applicability of the Act based on the number of employees may differ depending upon state specific Act.
Labour welfare fund is a statutory contribution managed by individual state authorities
The state labour welfare board determines the amount and frequency of the contribution and the contribution and periodicity of remittance differs with every state, say annually or semi-annually.

List of States where LWF is implemented: