In the dynamic landscape of company and LLP work, determining your professional worth is a crucial step towards building a successful and sustainable practice. Setting the right minimum fee not only ensures fair compensation for your expertise but also establishes a standard that reflects the value you bring to your clients.
The Committee for Members in Practice (CMP) of Institute of Chartered Accountants of India (ICAI) serves as a valuable resource for professionals seeking guidance on setting minimum fees. By adhering to ICAI’s recommended benchmarks, the practitioners can ensure that their fees align with industry standards while accounting for the complexities involved in company and LLP work.
As a demonstration of its dedication to fortifying practitioners, the Committee for Members in Practice (CMP) of ICAI has taken the initiative to introduce a Revised Minimum Recommended Scale of Fees for professional assignments carried out by ICAI members. This recommendation pertains to the fees associated with the tasks performed in diverse professional assignments. Notably, the suggested fees have been delineated separately for cities categorized as Class A, Class B, and Class C.
Note: This is not compulsory.
| Particulars | Class A | Class B | Class C |
| Filing Application for Name Approval | 8,000/- & Above | 6,000/- & Above | 4,000/- & Above |
| Incorporation of a Private Limited Company/LLP | 35,000/- & Above | 25,000/- & Above | 18,000/- & Above |
| Incorporation of a Public Limited Company | 65,000/- & Above | 45,000/- & Above | 30,000/- & Above |
| Advisory or consultation in drafting MOA, AOA | 15,000/- & Above | 11,000/- & Above | 8,000/- & Above |
| Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work | See Note 1 | See Note 1 | See Note 1 |
| Certification (Per Certificate) | 15,000/- & Above | 11,000/- & Above | 8,000/- & Above |
| Filing Annual Return Etc. | 10,000/- & Above per Form | 7,000/- & Above per Form | 5,000/- & Above |
| Filing Other Forms Like : F-32, 18, 2 etc. | 5,000/- & Above | 4,000/- & Above | 3,000/- & Above |
| Increase in Authorised Capital Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/ LLP Agreement | 25,000/- & Above | 20,000/- & Above | 14,000/- & Above |
| DPIN/DIN per Application | 4,000/- & Above | 3,000/- & Above | 2,000/- & Above |
| Company Law Consultancy including Petition drafting | See Note 1 | See Note 1 | See Note 1 |
| Company Law representation including LLP before RD and NCLT | See Note 1 | See Note 1 | See Note 1 |
| ROC Representation | See Note 1 | See Note 1 | See Note 1 |
Note 1: Fees to be charged depending on the complexity and the time spent on the particular assignment.
The committee recommended that the GST should be collected separately wherever applicable and the bill for each service should be raised separately and immediately after the services are rendered.
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