Checking for errors and irregularities, balancing accounts, materialities owing to incorrect reporting and extreme non-disclosure, comparing the statements to those of other companies, and rectifying any defects detected are all examples of what this can entail. For a number of consumers, including the government, shareholders, debtors, creditors, and bankers, statutory audit ensures the correctness of the company’s annual financial statements.
Why choose our statutory audit services?
We’ve built one of the most highly recognized statutory audit teams in the industry to help us satisfy all of the expectations imposed on us in an increasingly changing business and regulatory environment. We have a specialized team of professionals that provide tailored audit services and handle the ever-increasing complexity of our accounting standards, as well as a growing number of highly qualified workers who are always up to date on enforcing compliance requirements. And they’re prepared to conduct audits under any applicable statute while also adhering to various global standards to ensure that audited accounts are usable by a wide range of stakeholders, including financial institutions, shareholders, directors, investors, the government, banks, and the general public.
Our tax audit services are available to individuals, trusts, and organisations that have an obligation to file tax returns. By delivering a full and detailed audit report, we can assist you in meeting this responsibility in a simple and cost-effective manner. Our audit reports are thorough and include all pertinent information needed to meet your compliance requirements.
It is necessary to file your income tax return with facts about your earnings at the conclusion of the fiscal year. Tax audits are required under the Income Tax Act of India, and they will determine if you owe any taxes based on the information you provide to the Income Tax department. If a person’s total turnover is greater than Rs. 25,00,000 for professionals and Rs. 1,00,000 for non-professionals, Their office may also conduct a tax audit or inspection on you. So, we will provide you with a tax audit report on Form 3CD, as required by the Income Tax Act.
As a service to the organization, an internal audit is an impartial appraisal function established within an organization to review and evaluate its activities. It’s a goal-oriented, objective-assured, and consulting activity that adds value and improves a company’s operations. This is frequently done to review the accounting system and the internal controls that go with it. Evaluation of financial and operational data management, examining the economy, efficiency, and effectiveness of an organisation’s activities, as well as financial controls and the physical examination and verification of the entity’s tangible assets
As a result, to assist organisations in attaining their objectives by employing a systematic, disciplined approach to risk management, control, and government process evaluation and improvement
Income Tax
- Tax Management Services, advisory services to minimise and manage tax liability under Indian tax laws
- Calculation of Advance Taxes
- Filing of returns of income tax, wealth tax, and tax deducted at source (TDS).
- Representation before tax authorities for assessments, appeals, and search and seizure cases
- International Taxation and Transfer Pricing
Our firm assists our clients in maintaining track of their overall tax strategy while keeping in mind the shifting dynamics of Indian tax law. We examine commercial and inter-company contracts, develop tax management and risk mitigation plans, conduct tax due diligence, and analyze client transactions for tax efficiency.
GST Advisory
- Registration under GST.
- Preparation and filing of returns.
- Consultancy on various issues relating to GST.
- Consultancy on GST refunds for exports and SEZ.
- Preparation and filing of GST Annual returns.
Transfer Pricing
We have extensive experience in international transfer pricing, transaction structure, and compliance with transfer pricing rules. We can illustrate and convey the proper balance of global viewpoints and insights with the Indian transfer pricing legislation and the Indian transfer pricing authorities’ practical approach. We’ve assisted clients in developing appropriate transfer pricing policies, completing complex transactions, and achieving global tax optimisation through transaction structuring.
International Transfer Pricing
- Advisory on transfer pricing and transaction structuring.
- Risk assessment for transfer pricing.
- Benchmarking research.
- Studies on transfer pricing.
- Compliance with transfer pricing.
- Litigation and representation in transfer pricing.
- Dispute settlement and appeals in transfer pricing.
Advisory on transfer pricing and transaction structuring
We have extensive experience devising solutions and assisting clients with complicated transfer pricing and valuation issues. Our team is prepared to conduct a thorough examination of the transaction and its implications for related laws and regulations. Our advice and suggestions are based on extensive research, added value, high quality, and alignment with business objectives.
The examination of global tax rates, the nature of the transaction, the treatment and taxability of the transaction under domestic and foreign tax laws, the creation and maintenance of necessary documentation, and post-transaction structuring compliances are all part of transaction structuring. Our business solutions to clients include transfer pricing advice and transaction structuring, and we’ve been able to connect with a variety of local and international clients and gain value from their business demands.
RBI, FEMA & FCGPR services
Our Audit and Assurance Solutions assist clients in achieving not just their regulatory objectives as an Attest function but also accounting and financial control over their company objectives. We also provide sector-specific, in-depth financial research of the business environment as part of the Attest function.
- Statutory Audit under Indian and International GAAP.
- Internal Audit.
- Tax Audit.
- Systems Audit.
- Management Audit.
- Agreed Upon Procedures.
- Certification Services.
- Special Audits.
RBI & FEMA services
- Valuation as per RBI norms.
- Filing of Form FC-GPR, FC-TRS, or any other compliance form, mandatory under the guidelines of Foreign Direct Investment.
- Getting requisite approvals from RBI.
- Arranging for your Overseas Direct Investment (ODI).
- Management Audit.
- To coordinate with RBI’s Foreign Investment Division for dealing with complaints.
- FDI (Foreign Direct Investment) related matters.
- Foreign collaboration agreement with various types of government approvals including FIPB.
- ODI (Overseas Direct Investment) & ECB (External Commercial Borrowing) related matters & consultancy.
- Valuation of shares as per DCF method.
Company Formation India
1. Selection of the type of company
The firm’s promoters must decide on the type of company to form, such as a private company, a public corporation, or a non-profit organisation, based on the company’s operations and activities, capital requirements, the scale of operations, the manner and quantity of financing, and so on.
2. Obtain a Directors Identification Number (DIN) and Digital Signatures by submitting an application.
First and foremost, the company’s planned directors must get a Director Identification Number (DIN). It is necessary if they have already been assigned a DIN number. In addition, at least one of the directors must get an electronic signature from the appropriate government. Every company document would be filed only after being digitally signed by a director, managing director, manager, or secretary of the proposed firm.
3. Choosing an Appropriate Name for the Proposed Company
After careful consideration of several rules, circulars, and principles of the Ministry of Corporate Affairs, the promoters choose a minimum of six recommended names for the business to be founded (MCA). The designated Registrar of Companies agrees to the potential adoption of the submitted recommended names upon receipt of the completed application in e-Form 1A, filled out by its promoters; this confirmation is valid for a period of six months. Failure to provide the relevant papers from the promoters within the six-month time frame necessitates the filing of a new application with proposed names and payment of the required fees.
4. Articles of Association and Memorandum of Association
Following the Registrar’s approval of the name, the next step is to write the Memorandum of Association (M.O.A) and the Articles of Association (A.O.A). These two documents are crucial since they contain the company’s final goals (which are also displayed in the e-Form) as well as its cherished and ideal principles and policies. It should be emphasised that the primary objects must be complementary to the e-Form objects. After receiving thorough and elegant advice from the concerned professionals, the M.O.A. and A.O.A. must be meticulously drafted with great care and concern.
5. ROC Fees Must Be Paid
Payment of the requisite fees to the Registrar of Companies is the final step before the certificate of incorporation is issued. For limited liability firms, the fees are determined by the company’s authorized capital.
6. Obtaining a Formation Certificate
The Registrar registers the memorandum and articles of association and issues a certificate of incorporation within seven days after receipt of the paperwork, as per Section 34, after censorious observation of the required papers mentioned in Sections 33(1) and 33(2) on the company side (1).
The procedure of forming a limited company concludes with the receipt of a certificate of commencement of operations.
Foreign Branch Office Registration
A foreign branch office is a fully operational subsidiary of the parent firm in India. Except for the fabrication of items, it may engage in any business activity permitted by the Reserve Bank of India within India. Any money generated by an international branch office’s operations in India is subject to income taxation.
Permitted Activities
- Goods export and import.
- Providing expert or consulting services.
- Involvement of the parent corporation in the search process.
- Specialised or monetary marketing and advertising relationships between Indian enterprises and their parent or foreign group companies.
- In India, dealing with the parent firm and functioning as purchasing and selling brokers.
- The development of I.T. products and services, as well as the expansion of software in India.
- Airline/shipping company based in another country
Documents required to open a branch office in India
The application for operating a branch office in India must be submitted by an authorised dealer, according to RBI standards. An authorised dealer is a financial institution that has been granted banking licences. Take a look at the documentation that you’ll need to start a branch office in India. There are three copies. FNC 1 Form
- A parent company’s letter of authority in favour of the local representative
- A letter of support from the parent firm, written in favour of the operation in India.
- For the purpose of establishing a branch office in India, a letter of authority or a resolution from the parent firm is required.
- The letter to RBI from the overseas parent company’s chief executive officer.
- Two copies of the parent company’s Certificate of Incorporation in English, as well as the Memorandum and Articles of Association, must be attested by an Indian notary public or the Indian embassy in the country of registration.
- Notarized, translated, and fully verified certificate of incorporation
- Authorised person’s name, email address, address and phone number in the home nation
- Details about the Organisation’s Bankers, including their place of origin and bank account numbe
- The amount of money that will be needed to operate in India.
- Details of the parent company’s activities in the foreign country, including a synopsis of the company’s products and services.
- All Directors have the most recent identity and address documentation, which is appropriately validated and authenticated by the banker in their home country.
- Complete KYC of any stakeholder with a 10% shareholding in the applicant firm.
- Details of a firm in which a person owns more than 10% of the stock.
- A signed copy of the Indian Bank account opening proof.
Additional RoC Compliance Requirements for Establishing a Branch Office in India
Not only must foreign entities wishing to open branch offices in the country register with the RBI, but they must also register with the Ministry of Corporate Affairs. The Register of Companies assigns the branch office a CIN (Corporate Identity Number) once the registration is complete. The branch office, on the other hand, must adhere to certain regulations. Take a look at the following list.
- Form 44 must be completed.
- Memorandum or laws, charter, and articles of association must all be provided in English.
- Individuals who serve as directors are listed below.
- Details about the directors of corporate bodies.
- Reserve Bank of India approval letter
- The secretary/secretaries’ contact information
- In the case of the authorised representative, a board resolution or a power of attorney is required.
Requirements for Procedures Following the Branch Office’s Incorporation
- Obtaining a PAN (Permanent Account Number).
- A TAN (Tax Identification Number) is a number that is assigned to a tax deduction.
- Registering with the state police.
- GST registrations are required if the branch intends to perform any type of service in the country.
We can assist foreign companies in meeting all registration and compliance requirements for establishing branch offices in India because we have extensive professional experience. Here’s how we may assist you if you’re planning to open a branch office in India.
- Complete documentation support is provided.
- The Authorised Signatory must file Form FNC with the RBI using a registered AD Bank Digital Signature.
- Obtaining the company’s PAN & TAN.
- Opening a bank account requires assistance.
- Complete support with RoC registration and GST registration.
- Assistance with fees and taxes imposed by the government
- Import Export Code Assistance (IEC).
Foreign Liaison Office Registration
A Foreign Liaison Office is the best option for your organisation if you want to open a representative office in India to represent your company in India or for marketing and liaison purposes. The key advantage of a liaison or representative office is that it is not subject to any taxes in India because it is not conducting business there. Its responsibilities are limited to parent company liaison and marketing. Wherever possible, however, the tax must be deducted at the source.
- Getting the Reserve Bank of India’s permission.
- Obtaining a CIN number for your Liaison Office.
- Obtaining registration with the Registrar of Companies for your Liaison Office.
- Maintaining your Liaison Office’s Financial Books of Accounts.
- Complete support with RoC registration and GST registration.
- Assistance with fees and taxes imposed by the government
- Auditing the Books of Accounts on an Annual Basis.
- Annual reporting of the Liaison Office to the appropriate authorities.
- Completing the statutory compliances in the period allotted.
Steps for establishing a liaison office in India
Foreign enterprises that want to open a liaison office in India must first get
permission from the Reserve Bank of India. The entire application
The processing process could take up to 3 to 4 weeks. This approval will be
valid for three years and can be renewed when it expires. If a company
If an organisation formed outside of India wishes to open a liaison office, it must submit an
an application in Form FNC. This application must be accompanied by the
following documents:
- Certificate of Registration/Incorporation, or AOA & MOA attested by an Indian Notary Public/Indian Embassy in the country of registration.
- The latest audited balance sheet of the applicant.
What actions may a Liaison Office do?
- Representing the parent companies in India.
- Promoting technological and financial relationships between the parent firm and Indian companies.
- Serving as the only point of contact between the parent firm and the Indian subsidiaries.
The RBI developed Eligibility Criteria to sanction a Liaison Office in India
- During the previous three taxation years, the parent firm must have made a profit.
- The foreign applicant company’s entire net worth, including paid-up capital and free reserves, must be equal to or more than USD 50,000.
- Every liaison office that is registered with the RBI must also be registered as a business entity with the Ministry of Corporate Affairs. The Liaison Office registration is for the purpose of establishing a foreign company in India. These businesses will be given a Corporate Identity Number (CIN) by the registrar.
Characteristics of the Liaison Office
- After the parent company’s name, the Liaison Officer’s name should be mentioned.
- The Liaison Office will be governed by the Reserve Bank of India or the AD banker.
- This office is not owned by anyone; rather, it is a branch of the existing overseas parent firm.
- The Liaison Office is ideal for foreign organisations that want to set up a temporary office in India to manage their existing business with Indian clients.
- The Income-tax department in India does not have any method to check whether the undertaken liaison operations are due to pay tax or not, hence the Liaison Office in India is not liable to pay tax.
Restrictions on operation of the Liaison Office
- Because the Liaison Office is prohibited from engaging in any type of direct or indirect trading, commercial, or industrial activity, they are unable to earn any money in India.
- In India, a Liaison Office cannot borrow or lend money.
- It is not permitted to keep, buy, sell, or transfer any immovable property in India without the prior approval of the Reserve Bank of India.
NGO Services
NGO’s are a specialised type of clientele that requires distinct services from a commercial client. The overall working environment, legal framework within which the NGO operates, regulatory requirements and compliance, and so on, are all considerably different from those of a typical commercial enterprise. The basic reason for an NGO’s existence is the polar opposite of any commercial enterprise. Commercial organisations are for profit, whereas non-profit organisations are for profit. We specialise in providing legal, professional, and advisory services to a wide range of non-profit organisations. We specialise in NGO formation through various forms such as trusts, societies, and Section 25 companies, as well as income tax registration under Section 80G and 12A of the Income Tax Act, Section 35AC registration, and NGO auditing and compliance services.
We specialise in providing legal, professional, and advisory services to a wide range of non-profit organisations. We specialise in NGO formation through various modes such as trust, society, Section 25 company, etc., Income Tax Registration such as Section 80G & 12A of the Income Tax Act Registration, Section 35AC Registration, etc., NGO Auditing and Compliance Services such as internal audit, statutory audit, society audit, etc., and other legal registrations and compliance such as Foreign Contribution Regulation Act (FCRA) Registration, FCRA Compliance, and Returns, etc.
Outsourcing Services
In today’s competitive market, outsourcing has become a crucial tool for any organization to decrease costs and improve productivity. Outsourcing allows a business’s energies to be directed more effectively towards its “core activities.” Our accounting and payroll outsourcing services are designed to help our clients boost their profitability and efficiency. We provide full and partial accounting and payroll outsourcing to our clients.
List of Services Provided under Accounting Outsourcing
- Services for bookkeeping, payment processing, and bank reconciliation.
- Management reporting on a monthly basis.
- Creating accounting procedures and systems.
- Financial and accounting manuals are being prepared.
- Preparation and analysis of periodic financial statements and profit and loss statements Account
List of Services Provided under Payroll Outsourcing
- Payroll Preparation on a Monthly Basis.
- Calculation of each employee’s individual tax liability and deductions for Provident Fund (PF) and Employee State Insurance (ESI).
- Returns for Provident Fund (PF) and Employee State Insurance (ESI) preparation and filing.
- Preparation of statutory records required by the Employee State Insurance (ESI) and Provident Fund (PF) Acts.
- Quarterly eTDS returns for salaries are due.
Finance Services
Funding from private equity (PE)
For high-growth-prospect enterprises, private equity investing is one of the most cost-effective sources of capital (as compared to debt). PE Funding does not require a fixed rate of return and instead seeks to increase the value of its investments over time. This funding option is particularly suitable for companies with strong growth potential that require financial resources to expand in the future. We offer end-to-end services for acquiring PE funding and now work with the majority of India’s leading PE firms.
Project Finance & Debt Syndication
Project Finance
We are a leading project finance advisory firm with experience in a wide range of industries, locations, and funding structures. We provide guidance to our clients at every stage of the project development process. Financial modelling, loan raising and syndication, bid management, coordination with technical and legal consultants, contract negotiations with off-takers, and financing document talks with lenders are just some of the services we provide. Our solid partnerships with technical and legal consultants, as well as financial institutions, help us achieve our goals.
Debt Syndication
We work with SMEs and mid-sized businesses to provide tailored financing solutions to suit their working capital and growth financing requirements. We recognise that businesses rely on the efficient use of cash and that a well-organised fund flow system is critical to keeping them going. We can help with project finance, working capital, and acquisition finance, among other things. We’ve put up long-term and short-term funds for a variety of industries, including energy, structural fabrication, infrastructure, hospitality, and agriculture.
- Finance for Projects.
- Finance for Working Capital.
- Loans with a set repayment period.
- Loans to Businesses.
- Finance that is structured.
- Promoter Funding Loan Against Shares in Trade Finance.
Financial Advisory
Our financial advice services offer a wide range of services, some of which are driven by regulatory or transactional requirements. Credit ratings, valuations, risk management, and financial reporting are all areas where our clients benefit from impartial and practical guidance.
Budgeting, forecasting, and strategic planning
Our strategic planning services enable clients to create an integrated top-down strategy plan and link it to a bottom-up financial and operational plan that clearly lists and tracks growth activities. We also offer accounting services, including IFRS and VAT consulting.
Advisory on Ratings
Our rating advice services assist clients in obtaining, maintaining, or
preparing for a rating upgrade from any major worldwide (S&P, Moody’s,
Fitch) or regional rating agency.
Advisory on Ratings
Our rating advice services assist clients in obtaining, maintaining, or preparing for a rating upgrade from any major worldwide (S&P, Moody’s, Fitch) or regional rating agency.
Debt Counselling
Realignment and Diagnostic Assessments
Services of Valuation
We assist clients in making educated business and investment decisions by determining fair valuations using a variety of approaches, complicated models, and analytics, as well as examining the impact on various stakeholders.
Strategic Advisory
We help our clients make educated decisions by advising them on important strategic issues based on our industry experience and analytical rigour. Our services help clients achieve their business goals by capitalising on opportunities and anticipating potential dangers.
Alignment and formulation of strategy
Our strategy formulation services assist in the development of a clear strategy that can be implemented at the business or departmental level. Planned efforts and procedures are matched with strategic corporate objectives through strategic alignment.
Portfolio Restructuring & Review
We help our clients conduct a complete examination and assessment of
their investment portfolios, resulting in the recommendation of a strategic
portfolio that generates long-term growth and value.
Study of Feasibility
Business Plan
Management of Costs (Shared Services)
Team size
Cities we served
Countries we served
Global network-countries
- Direct Taxation
- Indirect Taxation
- Transfer Pricing
- Tax Planning
- Appeals and Assessment Process
- Internal Audit
- Stock Audit
- Statutory Audit
- If Any-Bank-Concurrent/Statutory Bank Audit
- Strategic Planning
- Business Valuation
- Mergers and Acquisition
- Business Restructuring
- Project Projection Report (CMA)
- Company Incorporation
- DPT 3
- Annual Return
- All forms related to ROC
- Company Closure (STK2)
- Book keeping & Accounting Services
- GST Monthly Returns Filing
- Peer Review
- NRI Tax Returns
- Business Planning
- Company Incorporation
- Comprehensive Diagnostic Check
- Routine Compliance Support
- Fund Management
- Secretarial Support
- Agreement Preparation
- Valuation
- Management Consultancy