Secretarial

All companies are mandated by law to maintain statutory records, which include Register of Shares, Register of Members, Register of Directors, Incorporation documents of the company, Resolutions of the meetings of the Board of Directors, Minutes of the Board Meetings, Annual General Meetings and other documents that need to be preserved by the company at the registered office of the company. MNCO offers professional services to its clients in the maintenance of statutory records that facilitates both efficiency and transparency in business.

The Memorandum of Association details the aims, objectives and scope of a company setting out its constitution, structure and area of operation as well as all the fundamental information required for incorporation. The Articles of Association documents all the rules and regulations guiding the internal management of the company, defining roles and rights of various directors and members. These two documents provide information to shareholders and other stakeholders and must be submitted to the Registrar of Companies at the time of incorporation. MNCO provides full support to clients in seamlessly drafting and executing these statutory documents.

The process of incorporation is now a lot easier and timelines are adhered to as MNCO depends on its vast professional expertise to provide clients with trouble-free company incorporation services in accordance with Company Law. Regardless of whether the new entity is a Private Limited Company, Limited Liability Partnership or a Public Limited Company, MNCO provides accurate advice and expertise, by first obtaining Direct Identification Number and finally allowing the business to start functioning by obtaining the Certificate of Incorporation and Certificate of Commencement of Business (for Public Companies).

MNCO’s Secretarial Services facilitates corporate compliance to Company Law by preparing and maintaining minutes of Board meetings and minutes of General meetings, filing the required documents with the Registrar of Companies, representing clients before the Company Law Board and providing advisory services to clients on the various subjects of Company Law, Mergers and Acquisitions, and Foreign Exchange, providing assistance with Memorandum of Association and Articles of Association, and undertaking all back office operations requisite for smooth functioning of the business.

MNCO ensures compliance with The Companies Act that requires all companies to file with the Registrar of Companies, details of its financial statements that are to be submitted within 30 days of holding the Annual General Meeting as well as its Annual Return that is required to be filed within 60 days of the company holding its Annual General Meeting. These filings reveal details of the company such as information regarding Shareholders, Director Report, balance sheet, and Profit & Loss account among others.