19 January 2012
Main objects of Management Consultant Company:
1. To act as management consultant and render services to the company, government, central or state or any municipal or other body corporate or association or individual with capital, credit, means or resources for the prosecution of any works, undertaking, projects or enterprises.
2. To act as management consultant and render engineering, technical management and other skilled and other services to all types of industry or organisations in India or abroad including for office, advertising, accounting, computer, secretarial and taxation matters and without limiting the generality of the above to act as consultants.
3. To carry on the business of consultants in all fields, including the business of legal, industrial, business management, financial, cost accounting, recruitment personnel management, inventory control, import and export and other technical or non-technical consultants and in particular to prepare Project Reports for all types of industries to set up systems of casting or to give other consultants on cost accounting to advise companies on the financial systems, to plan out machinery location and factories, to advise on tax planning, to recruit people for all types of posts in all types of industries or offices and to make representations types of industries or offices and to make representations before any body corporate , authority, corporations, firm, person or association of persons in any field in which help ,ay be required of the company, including the procurement of materials, machinery or any other items or things required by any body, corporate authority, corporations person, firm or association of persons and to charge fees for such advise and help, whether in India or abroad.
4. To act as consulting engineers designers, surveyors, valuers, planners, advisors, inspectors, supervisors and maritime management consultant for any types of manufacturing and operation of dredging equipment, dredgers, cranes, pontoons, barges and other types of crafts, ships and vessels of all types and accessories and instrument, parts and fittings required for ships and vessel of all types and accessories and instrument, parts and fittings required for ships and vessels and to provide technical know how and render complete comprehensive service and industrial technique of factories, foundries, building, ship building yards, shipping jetties, docks, quarries, wharves, canals, rivers, estuaries, back waters, harbours, locks, warehouses and other works.
19 January 2012
sir i also include this cluase in it..??
Which are not prohibited from time to time under the provisions of The Institute of Chartered Accountants Act, 1949 or under any modification or substitution of this Act
19 January 2012
Sir this clause give suggestion on it..
To carry on the activities of Management Consultancy and other Services, both the industry of, and the practice of, which are not prohibited from time to time under the provisions of The Institute of Chartered Accountants Act, 1949 or under any modification or substitution of this Act. These objects will include but not restricting the main objects, to helping an organisation improve its performance such as by the provision to the seeker of such service, by advice and assistance relating to the plans, vision, goals, strategy, procedures, policies, structure, management, staffing and any other operations of an organization ( which expression shall include but not confined to an organization or a concern or an unit or an entity or an institution or an individual or a group or body or association or family of individuals or an organization or an enterprise or an entity or an institution or any other requirer of a such services) in pursuit of its activities, purposes and objectives, the identification of options with recommendations; the provision of an additional resource and/or the implementation of solutions and allied services, in and outside India. The expression "Management Consultancy and other Services" will also include as per current guidelines of The Institute of Chartered Accountants of India, the following: • Financial management planning and financial policy determination. • Capital structure planning and advice regarding raising finance. • Working capital management. • Preparing project reports and feasibility studies. • Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc. • Budgeting including capital budgets and revenue budgets. • Inventory management, material handling and storage • Market research and demand studies. • Price-fixation and other management decision making. • Management accounting systems, cost control and value analysis. • Control methods and management information and reporting. • Personnel recruitment and selection. • Setting up executive incentive plans, wage incentive plans etc. • Management and operational audits. • Valuation of shares and business and advice regarding amalgamation, merger and acquisition. • Business Policy, corporate planning, organization development, growth and diversification. • Organization structure and behavior, development of human resources including design and conduct of training programmes, work study, job-description, job evaluation and evaluation of work loads. • Systems analysis and design, and computer related services including selection of hardware and development of software in all areas of services which can otherwise be rendered by a chartered accountant in practice and also to carry out any other professional services relating to EDP. • Investment counseling in respect of securities [as defined in the Securities Contracts (Regulation) Act, 1956 and other financial instruments.] • Acting as registrar to an issue and for transfer of shares/ other securities. • Quality audit. • Environment Audit. • Energy Audit • Acting as Recovery Consultant in the Banking Sector. • Insurance Financial Advisory services under the Insurance Regulatory Development Authority Act, 1999 including Insurance Brokerage. • Acting as advisor or consultant to an issue, including such matters as:- a. Drafting of prospectus and memorandum containing salient features of prospectus. Drafting and filing of listing agreement and completing formalities with Stock Exchanges, Registrar of Companies and SEBI. b. Preparation of publicity budget, advice regarding arrangements for selection of ad-media, centers for holding conferences of brokers, investors, etc., Bankers to issue, collection centers, brokers to issue, (underwriters and the underwriting arrangement, Distribution of publicity and issue material including application form, prospectus and brochure and deciding on the quantum of issue material (In doing so, the relevant provisions of the Code of Ethics must be kept in mind). c. Advice regarding selection of various agencies connected with issue, namely Registrars to Issue, printers and advertising agencies. d. Advice on the post issue activities, e.g., follow up steps which include listing of instruments and dispatch of certificates and refunds, with the various agencies connected with the work. • Systems and other knowledge base work; • And such other services or activities as are prescribed by the Institute of Chartered Accountants of India in these areas from time to time. But shall not include at present the function of • Statutory or periodical audit, • Tax (both direct taxes and indirect taxes) representation or advice concerning tax matters or • Acting as liquidator, trustee, executor, administrator, arbitrator or receiver. • Activities broker, underwriting and portfolio management.
It is laid down herein that the scope and nature of aforesaid activities will change from time to time as and when the functions under the meaning and scope of the expression “Management Consultancy and other Services” stand modified or altered pursuant to the valid Guidelines including the Code of Ethics and such other directions as may be issued by the Institute of Chartered Accountants of India from time to time in this behalf, so as to respectively enlarge or not permit services or activities as are allowed or prohibited by the Institute of Chartered Accountants of India, as are laid down from time to time.
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