Outside Counsel and Ongoing Retainer for GMC Entities: Legal Advisory

The filings that keep a GMC entity in good standing are frequent, deadline-driven and, for a Licensed Firm, doubled by regulatory returns, so the risk is not any one obligation but losing track of the calendar. A GMC entity carries a set of recurring statutory obligations from the day it is registered: corporate filings, tax returns and, for Licensed Firms, regulatory returns and event-driven notifications.

Advise on the statutory deadlines: annual general meeting, annual return, financial statements, LLP solvency declaration, business name renewal and tax return dates.

Advise on changes of directors, secretaries, auditors and their particulars, notifiable within 14 days under the Companies Act 2025, and on changes in LLP partners and managers within 14 days under the LLP Act 2026.

Advise on the legal rules for the annual return and AGM dispensation.

Advise on the LLP's annual declaration of solvency, due within 15 months of registration and every 15 months thereafter.

Advise on business name validity, renewal and cessation under the Business Names Registration Act 2026.

For Licensed Firms, coordinate financial statements and regulatory returns under the GEN Rulebook, the annual controllers report and the required notifications.

International groups with a GMC subsidiary but no in-house legal presence in Bhutan. GFSO Licensed Firms that need a regulatory notifications desk. LLPs and business-name registrants with rolling 14-day and 15-month obligations. Founders who want legal advice on corporate, employment, immigration and tax questions as they arise.

Basnet Law Pte. Ltd. is a law firm. It is not a GMCA-empanelled corporate service provider (CSP).