Corporate Advisory Services

The economy of a country largely depends on the business and entrepreneurship

. A company is a voluntary association of persons formed for the purpose of some business for profit with common capital, divisible into transferable shares and possessing a corporate legal entity and a common seal. It is created by law and can be put to an end only by a process of law. It is usually the promoter who thinks of the idea of a business to be run by a company. The promoter then makes detailed investigation as to whether the business will run successfully or not. When he is convinced, he gets the required documents prepared and sends them to the Registrar of companies for company registration. On payment of necessary fees, the Registrar issues the certificate of incorporation, if he is satisfied that the requirements of the Companies Act are complied with. He enters the companys name in the Register, thus, the company comes into existence.

A private limited company can commence business immediately after incorporation, but a public limited company has to wait till the Registrar grants to it the Certificate of commencement of business. The company acts through the Board of Directors, or subordinates appointed by the board for the purpose.

The share capital of the company is divided into parts and each part is called a share. Every person who takes up a share or shares of a company becomes its member and is called the shareholder of the company. Every company has to maintain books and accounts of all the transactions taken place in a year. It is mandatory for every company to get these books and accounts audited. This is done by the Chartered Accountant appointed by the company. They give advice to the company on all matters related to finance and accounts, this is what is called Corporate Advisory Services.

Corporate Advisory service refers to the activity of advising organizations, corporations, institutions, government bodies on matters relating to finance, accounts, mergers and acquisitions and other transactions which changes the ownership of the company or business. There are many audit companies and professionals which provide these services. This is a very important activity of a company. If a company does not get its accounts audited, it is punishable by law.

by: Johnsmith

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