About us
Secretarial Advisory & Compliance
MG Consulting Group, founded in the year 2000 by Mr. Manish L. Ghia, a Fellow Member of Company Secretaries of India (ICSI), offers a wide range of specialized, multi-disciplinary professional services to meet the immediate and long-term business needs of its clients.
MG Consulting Group provides plethora of services in the field of Corporate Consultancy, Labour Law Compliances, Secretarial Audit and Due Diligence. The team bandwidth is 70 members including 40 plus Qualified Company Secretaries, well equipped with requisite technical skills, experience and knowledge, delivering customized solutions to our esteemed clientele.
With respective competencies, our professionals are capable of rendering quality services to a wide range of industries. MG Consulting also undertakes various knowledge sharing initiatives as an on-going process for the enrichment of its own team and clients. MG Consulting is head quartered in Mumbai.
Our Vision
Trusted Compliance
The application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and sustainable development of all clientele. To assist them in achieving high standards and setting benchmark in corporate governance practices.
Our Mission
Legal compliance
To become the pioneers in compliance in India & across the globe and assist corporate houses in achieving high quality standards and promote exemplary practices with respect to compliance & governance in the field of corporate law.
Our values
Guide, Support, Grow
- Integrity and Independence : Abide by ethics
- Flexibility : Our Methodology
- Accountability : Breeds Responsibility
- Excellence and Innovation : Creative Mindset
00+TEAM MEMBERS
00+HAPPY CLIENTS
000+YEARS OF EXPERIENCE
Our Team
Meet the people who make it happen
Mr. Mannish Ghia is a Fellow member of The Institute of Company Secretaries of India (ICSI) and a Commerce Graduate from the University of Mumbai. The enthusiastic and dynamic visionary, Mr. Ghia is a man of strong judgment and deep insight. He possesses significant experience of more than 21 years in the field of Advisory and Consultancy Services under Corporate Laws comprising of Companies Act, Securities Laws, Listing Guidelines and Regulations, NBFC Guidelines, and SEBI Rules & Regulations. Always at the forefront with his prudent decision-making, keen vision & unmatched knowledge base, Mr. Ghia has been instrumental in spearheading numerous Public Offerings, Mergers & Acquisitions, Rights Issues, Bonus Issues, Preferential Allotment, and Takeover of Listed Companies, etc.Mr. Ghia has been the driving force behind MG Consulting Group and will continue to galvanize the Group’s involvement in the corporate, financial & social sectors, doing his bit in a pursuit of, ‘Inclusive Collective Progress,’ at its crux.Email: mg@mgconsulting.in‘There is no alternative to hard work is and has always been his belief.
Mr. Mannish Ghia
Founder and Managing Director
Mr. Raghavendra Shanbhag, a Commerce Graduate from Mumbai University, has a natural flair to create business opportunities within the market, be it with new clients or with our existing clients. He possesses requisite knowledge in the field of Accounting, Finance & Banking. Having about more than 15 years of experience in Company Law related Compliances, Shareholder and Private Equity Agreements, Art Funds and other Legal & Secretarial acquaintance provides him an edge in the C.S. Industry. An expert in the field of labour law, he delivers within the timelines to utmost satisfaction of the clients. He also contributes to business operations on day to day basis and ensures superior quality working in routine and specialized domain compliances.Mr. Raghavendra Shanbhag is heading the Client Relationship, Servicing and Business Development Department.
Email: r.shanbhag@mgconsulting.in
‘Prompt action is the foundational key to all success’ is his principle and he lives by it.
Mr. Raghavendra Shanbhag
Head – Business Development
Mr. Harish Bora is an Associate Member of The Institute of Company Secretaries of India (ICSI) and Commerce & Law Graduate from University of Mumbai. He has more than 15 years of experience in Corporate Laws, Due diligence, Initial Public Issues, Rights Issues, Private placements, QIPs, FCCBs, GDRs, Takeover of Listed & Unlisted Companies, Merger & De-merger of Listed & Unlisted Companies, Prevention of Oppression and Mismanagement, Dealing with Capital Market Intermediaries, Stock Exchanges, SEBI, ROC, RD, CLB (NCLT), Department of Company Affairs, Official Liquidator etc.Under the able leadership of Mr. Harish Bora and his dedicated Team, we provide full-fledged coordination services for compliance activities bridging gap between various intermediaries, authorities and the management. These Large Size Public Issues include some names like Alkem Laboratories Limited, Metropolis Healthcare Limited, Sterling & Wilson and Nazara Technologies Limited. Their successful completion of IPO activities within the time period, meeting highest standard of Management expectations is the greatest achievement for us.Mr. Bora is heading the Transaction Advisory & Compliance Services.Email: harish.bora@mgconsulting.in
‘Empower others and stay empowered’ is the dictum he adheres to.
Mr. Harish Bora
Head – Transactional Compliance Services
Mr. V. Shankar is a Fellow Member of The Institute of Company Secretaries of India (ICSI), qualified in December 1988. He is a Commerce Graduate from University of Delhi and has an overall 30 years of experience with 23 plus years in Corporates handling varied assignments; he has headed compliance domain and is well acquainted with requirements of Listed & Unlisted entities under various statutes. He has handled IPO, FPO, Mergers/ Demergers/Amalgamations, Buy-back of Shares, Substantial Acquisition of Shares and Takeover.He currently is heading the Secretarial Audit & Due Diligence Team (Assurance Assignments) when the concept of secretarial audit was new and evolving. With his rich experience and deep insight of corporate compliances, he has been instrumental and spear headed in developing requisite systems and procedures necessary for methodical handling of varied and challenging audit and assurance assignments of firm. A complete team man, he has an analytical ability and has a keen eye for details which is a sine-qua-non for all assignments. Email: shankarv@mgconsulting.in ‘Incisive Analytical Skill & Discerning Eye combined with Actions’ is the principle he lives by.
Mr. V. Shankar
Head – Due Diligence
Ms. Nikita Chirania is an Associate Member of the Institute of Company Secretaries of India (ICSI) and MBA in Finance from N.L.Dalmia Institute of Management Studies & Research and has over 12 years of experience across Investment Banking, Business and Capital Restructuring and Merger Transactions, Corporate Advisory. She has successfully implemented and executed Capital Market transactions (including IPOs, open offers, right issue, buy backs, merger & demergers etc.) of premier clients by leading from front and is focused on identifying and aligning timelines with organizational goals. She has significantly contributed in design and implementation of assignments and is a part of strategic planning.
Email: – nikita.chirania@mgconsulting.in
Ms. Nikita Chirania
Senior Manager – Transactional Compliance Services
Ms. Khushbu Shah anAssociate Member of Institute of Company Secretaries of India (ICSI) is a Commerce and Law Graduate from Mumbai University having more than 6 years of post- membership experience. An experienced and accomplished professional she specializes in Company Law, FEMA Compliances, Corporate Restructuring by way of Mergers, Amalgamations & Demerger besides causing appearances before Registrar of Companies, Regional Directors on client matters. Her passion to work with positive approach complements her ability to deliver and meet out tight client timelines. Email: khushbu.shah@mgconsulting.in
Ms. Khushbu Shah
Team Leader – Un Listed Vertical
Ms. Madhavi Lingayat is a Company Secretary from The Institute of Company Secretaries of India (ICSI) and is currently pursuing L.L.B. from University of Mumbai. She is an Associate member of ICSI since July, 2020 and possesses an overall 11 years of experience in field of handling regular Secretarial compliances of Private, Public (Unlisted) and LLP entities under various Corporate Laws and Rules and regulations. Her Expertise include ensuring timely compliances applicable to entities under Companies Act, 2013, and Limited Liability Partnership Act, 2008. Some major assignments she handled includes Compounding/Adjudication of offence under the Companies Act, 2013, Takeover of Non- Banking Financial Companies (NBFC), Conversion of LLPs to Private Companies and Shifting of Registered Offices across states. She was awarded by ICSI for her significant contribution on International Women’s Day Celebrations.
Email: – madhavi.lingayat@mgconsulting.in
Ms. Madhavi Lingayat
Team Leader – Un Listed Vertical
Mr. Bhavya Gala, an Associate Member of Institute of Company Secretaries of India (ICSI), and a Law Graduate has over 7 years of experience in compliances of Listed as well as Unlisted Companies under Companies Act 2013 and various SEBI Regulations including listing, capital issues, prevention of insider trading, substantial acquisition and takeovers etc.; with varied experience in all aspects of corporate matters including listing compliances and a sharp analytical bent, he has the ability to meet the client expectation in terms of deliverables and time lines in completing compliances. Email: – bhavya.gala@mgconsulting.in
Mr. Bhavya Gala
Team Leader – Listed Vertical
Mr. Shailesh Bendugade, a Commerce Graduate from Mumbai University, has specialized in Industrial Computer Accounts, accredited by ICA. With over 15 years of experience in Accounts & Audit, Mr. Bendugade has expertise in conducting various audits related to accounts & taxation of industries in various sectors. With the introduction of GST, Mr. Bendugade has acquired sound knowledge of GST laws and has the technical ability to understand client needs & assist them as per their requirement. Email: – shailesh.bendugade@mgconsulting.in
Mr. Shailesh Bendugade
Team Leader – Finance & Accounts
Mr Arjun Sahu, a commerce graduate from Mumbai University, has specialized in Industrial Relationship & Labour Law from Symbiosis Institute, Pune. With over 10 years of experience in Labour Law, Mr Sahu has expertise in resolving employee issues related to EPFO& ESIC. With an in depth knowledge of various Labour Laws, he has been managing labour law compliances of client companies seamlessly without any flaws.Email: – arjun.sahu@mgconsulting.in
Mr. Arjun Sahu
Team Leader – Labour Law
FAQ
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Whether concept of proxy is relevant in respect of a general meeting wherein e-voting facility has been provided to the members.
Proxy is a facility given to a member to exercise his voting rights in case the member is unable to attend and vote himself. The provision for electronic voting is a platform facilitating the members to vote on their own. Hence, any member who has not exercised his vote electronically, may attend and vote at the general meeting either personally or by appointing a proxy to attend and vote on his behalf. The concept of proxy is still relevant, though with limited applicability.
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Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the Companies Act, 2013?
As per the Rule 2(xii) of the Companies (Acceptance of Deposits) Rules, 2014, any amount received in the course of, or for the purposes of the business of the company - as advance, accounted for in any manner whatsoever, received in connection with consideration for property under an agreement or arrangement is exempted from the definition of the Deposits but if such advance is not adjusted against the property in accordance with the terms of agreement or arrangement then it will be treated as deposit.
Further, whether interest is charged or not is immaterial.
Thus, advance taken from customers by real estate company shall not be considered as deposits. But if it is not adjusted against the property in accordance with the terms of agreement or arrangement, then it will be treated as deposit.
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What is the preservation period of register of members and annual return under the companies Act, 2013?
In terms of Rule 15 of the Companies (Management & Administration) Rules, 2014, the register of members along with the index shall be preserved permanently. Copies of annual returns prepared under section 92 and copies of all certificates and documents required to be annexed thereto shall be preserved for a period of eight years from the date of filing with the Registrar.
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Is it mandatory for a company to keep its documents, records, registers, minutes, etc. in electronic form?
According to Section 120, the documents, records, registers, minutes, etc. may be kept and inspected in electronic form. Rule 27 of Companies (Management and Administration) Rules, 2014 initially mandated every listed company or a company having not less than one thousand shareholders, debenture holders and other security holders to maintain its records, as required to be maintained under the Act or rules made there under, in electronic form. However, MCA has revised the rules namely the Companies (Management and Administration) Second Amendment Rules, 2014, and amended rule 27 as follows: - in rule 27, in sub-rule (1) and in the Explanation, for the word "shall", the word "may" shall be substituted. Therefore, the companies have now been given an option to maintain the records in electronic form.
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