Legal Audit

Legal Audit

Legal Audit is a new service devised by Lawise India integrating the works of a group of professional to give you a rapid and objective diagnosis, thus enable you to:

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Obtain an overview of the company from a legal perspective.
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Detect any potential risk situations in the day to day affairs of the company
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Make timely decisions with respect to any necessary preventive or corrective legal measures

(A). CORPORATE ISSUES :-

The LEGAL AUDIT empowers you to deal with debt financing and refinancing processes, tax reviews and external audit processes, as well as the implementation of growth plans, mergers, capitalization, asset sales and the many other management decisions which demand an accurate knowledge of the status of the corporate and financial structure of the relevant company

The most significant aspects examined by the LEGAL AUDIT are:

A. Articles of Incorporation/Bylaws and Amendments
1. Capital Stock.
2. Shareholder Meetings (last 5 years).
3. Administration.
4. Statutory Auditors.

B. Legal Books:
1. Minutes of Shareholder Meetings
2. Minutes of Directors Board Meetings
5. Register of Stocks and Shares

(B). CONTRACT ISSUES

Our LEGAL AUDIT allows you to put in place a sound risk prevention policy to significantly improve your business. Lawise India will review and analyze the contracts deemed most important for the company (up to fifteen) in order to determine the existence of legal contingencies and tax or other implications. Such contracts include:
A. Financing Contracts
B. Technical Assistance Contracts
C. Supply Contracts
D. Distribution Contracts
E. Franchise Contracts
F. . Guarantees

(C). LABOR ISSUES

Remuneration of company personnel and corporate responsibility for social security give rise to many concerns and potential problems against the background of the new regulations and standards governing labor relations in Venezuela. Our LEGAL AUDIT enables you to obtain an general overview of the labor status of a company through our study of:
A. Individual Employment Contracts;
B. Collective Bargaining Agreements;
C. Internal Rules for Working Conditions and Social Security (Internal Regulations, Personnel Policies, etc.);
D. Law suits and Claims brought with the Office of the Labor Inspector;

(D). TAX ISSUES

In the current tax scenario, it is essential, in order to ensure the stability of a company, to minimize the risk of any action on the part of the Administration. Our LEGAL AUDIT determines company compliance with its formal duties in matters of Taxation in the following key areas:

A. National Taxes
1. Income Tax
2. Custom & Excise Tax
3. Service Tax

B. State Taxes
1. Sale Tax
2. Entertainment Tax

C. Municipal Tax
1. Property Tax
2. Professional Tax

FEES :-

The LEGAL AUDIT is performed by a team of professionals, over the course of one day of intensive, focused work at your company, and up to six days at our offices, where the audit is analyzed, a diagnosis is reached and the report is drafted under the coordination and direction of one of our partners.
For the launch of this new service, the fees for our LEGAL AUDIT will be such agreed amount as should have no impact on your company’s planned expenses and which will return substantial savings for the company by anticipating possible risk situations.
For the efficiency and success of our LEGAL AUDIT we just ask that you provide us with:
• the relevant documents and contracts, duly selected and organized;
• a suitable working area to conduct the part of our work to be done at your offices;
• a contact person to provide feedback.

A CUSTOMIZED SERVICE

Our LEGAL AUDIT is a service tailored to the needs of your company, and will vary according to the economic sector in which the majority of your commercial activity takes place. This allows the service to be customized as necessary to include specific supplementary issues, such as:
• Consumer Protection
• Customs
• Environment
• Equity Planning
• Finance
• Franchising
• Intellectual Property, including Industrial Property, Design Rights, Trademarks and Copyrights.
• International Trade (Antitrust, Competition, Antidumping).
Should it be necessary to involve highly specialized professionals for a customized LEGAL AUDIT service including supplementary issues, we would reach a separate agreement covering the fees for such specific issues.