The back -office is an integral part of the business and can help to grow the business in many ways. Back office for insolvency requires many skilled people and India has the best people for Back-office work. All the documentation for insolvency work like searching company information on the website and details of Shareholders, Directors and also obtaining different documents like Accounts, Annual Return / Confirmation Statements, Incorporation Certificate, etc. can be done in India.
The most important qualities that one looks for in their legal process outsourcing companies is reliability and experience, and this is something that makes doshioutsourcing an important professional in legal process outsourcing services.
One can also go through the Articles of Association and Memorandum of Association to check all the compliance are followed or to be followed when the company is in liquidation. If anything is preventing the Articles for the closure of the company then we can highlight those points. We can also check the pension compliance is followed by carrying out various pension searches and make sure that the pensions scheme is closed before insolvency is started.
Once the directors and shareholders decide to put the company into liquidation then numerous documentations has to be done which can take a lot of time. We can prepare all the documentation like the minutes of the meeting, resolution for all shareholders and directors etc. We can also draft letters to the government authorities seeking clearances and to creditors if any.
Getting drafted all the letters from us will save time and you can give attention to the client. After the initial checks and letters are drafted, we can check and draft further letters that would be needed. We as your back office can also check the case periodically and update you with the status so that you don’t have to go through every case. We can check what is completed and what is pending in terms of where the case is at that given point of time. We can check the cases on a monthly, quarterly, half-yearly or yearly basis. Reviewing the cases periodically will help to manage the workload and also will give a fair idea as to when the liquidation will get completed. Also, the client will come to know that their case is in progress. In case of any refund from government authorities or receipt of any monies from the debtor, we can complete the paperwork and will send it. We can also look after all the correspondence from the government authorities. We can check the timeline of all the cases as if any case is taking too much time to complete then we can check and focus on how to expedite the case for completion. If any case completes one year than most of the liquidator wants to increase the fees as the completion was done within stipulated time then we can prepare the annual report mentioning what work has been carried out with the last one year and what is pending to close the company. We can also prepare the resolution for the increment of fees post completion of the year. We can also check the miscellaneous documents of the company or any person connected to avoid any breach of compliance. We can analyse all bank statements of any related party over the previous 5 years to identify preferences. We will prepare complete working plans, which will identify preferences and indicative Directors’ current accounts.
Once the liquidation is finalised, we can complete, the closer documentation procedure and can prepare all the documentation. We can be your back office for all your work and lead the way as per your guidance. If you are part of a corporate legal department or a law firm looking for that needs to outsource legal services through a leading LPO service provider, then we have the answer to your challenging requirements.
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