Other Services

Indian companies are governed by Companies Act 2013 and every Company has to comply with various statutory provisions as per different sections of Companies Act 2013. We provide complete services for Company Law Compliances such as:

- Annual Compliance with ROC for Private and Public limited Companies
- Filling of various Forms for Director Changes, Name Changes, Office Changes, etc.
- Conducting Board & Share Holders Meetings
- Compliances of additional issue of Shares.
- Conversions of Private Limited Company to LLP and Vice Versa.
- Conversion of Partnership Firms/Proprietorship Firms into Private Limited Company/LLP
- Search Report for Private/Public Limited Company

Business firms in developing countries find their economic strength in subsidies from the government and other sources. These incentives are tough to obtain, but when you proceed on the right track, you can make the best use of your available resources. Obtaining the subsidies can help established companies as well as start-ups in allocating their resources, price stabilization and cut down increasing costs. Besides, subsidies strengthen companies to overcome economic threats like inflation.

Various government subsidies are available for eligible units. We strive to support the beneficiaries in the grant application process so as to ensure maximum benefit and long-term effect for the development of their business. Subsidies are available from Central as well as State government to new as well as existing establishments. Following are few subsidies available from central as well as state government.

List of Govt. Schemes to work with:
- TUF : Textile Upgradation Fund
- MOFPI : Ministry of Food Processing Industries
- NHB : National Horticulture Board
- NHM : National Horticulture Mission
- MSME Schemes : CLCSS, TEQUP
- SFAC : Venture Capital Assistance (VCA)
- Apeda : Agriculture & Processed Food Product Export Development Authority

Subsidy to MSME Sector from State Government or Central Government
- Subsidy to Textile Sectors
- Subsidy to Start Up
- Subsidy to Agro based Industries
- Subsidy to Food Industries
- Venture Capital Assistance

We at GSPS believe in shifting compliance load from your shoulders to ours. The procedure for recording financial transactions of a business in an accounting system and creation of reports is termed as bookkeeping. Accounting and bookkeeping are such services offered by our organization where people can outsource either entire accounting functions or segments of it to us such as payroll, accounts receivables or payables, etc. We cater to businesses located in India as well as abroad.

Many small businesses are not equipped with complete accounting skill set and require bookkeeping services from external sources. Our experts are seasoned and can handle tasks like drafting of financial statements, budget analysis, management reporting, etc. We use tracking and recording information in advanced accounting software accustomed to clients specific needs. Detailed list of our services are :

1) Maintaining statutory books of accounts
2) Assistance in preparing monthly or quarterly accounting reports
3) Financial reporting and analysis
4) Preparation of forecasts & projections
5) Inventory management
6) Accounting system implementation
7) Setting up of chart of accounts
8) Accounts receivable management
9) Accounts payable management
10) Accounts reconciliations
11) Cash flow management including budgeting and forecasting
12) Consolidation of financial statements of group businesses

Small & Medium Businesses generate about 35% of the GDP of India and account 40% of exports. With more graduates and professional looking towards becoming entrepreneurs and expand existing businesses, Funds are the greatest limitations stopping these talented group of people from reaching the next level. Traditionally Debt/loans used to be an instrument available to Companies to raise funds for such expansion. However, there are certain costs such as marketing, logistics, research, a brand creation where debt option is not available. Companies also opt for Venture Capital / Private Equity. However, performance pressure and stringent conditions make such investment unattractive for most of the businesses.

SEBI has drafted listing agreement for SME's and given approval to BSE and NSE to setup dedicated platform for SME's. SEBI has also relaxed the requirements for listing in SME Stock Exchange.
 
Now after the introduction of SME Stock Exchanges small IPOs like Rs.2 Cr are also possible. SME IPOs are quick (3 to 6 months) and comparatively cost effective than Main board IPOs. Spurred by investor interest, 145 small and medium enterprises (SMEs) raised a record Rs 2,455 crore through initial public offerings (IPOs) in 2018. Funds raised were used for business expansion plans, working capital requirements and other general corporate purposes

We the team are well equiped for ensuring smooth transition and advising on financial matters.