
vishnu@cavishnusinghal.com, cavishnu.singhal@gmail.Com +91-9899715987, 9899715970 VISHNU SINGHAL & CO. CHARTERED ACCOUNTANTS


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REGULATORY SERVICES

OVERVIEW

Different business entities have legal compliances to be made considering the structure adopted by them to carry out their business. The requirements of compliance range from one-time, periodical to continuous. There are host of approvals, registrations and filings that are required when new businesses are set up. Indian exchange control regulations have significantly liberalized. However, they still have certain restrictions and compliance requirements on transactions on capital account. The Indian financial institutions have a very conservative approach in lending to the business, either for working capital or for the long term. The businesses, therefore, require competent consultants to assist them in the area of corporate advisory in the above fields. VKK’s competent team is well suited for providing following services to existing entities or for the entities to be incorporated.

Merger and Acquisition
Valuation of Business
Incorporation of Company/LLP/Trusts
Company Law Compliances
FEMA Compliances
FCRA Compliances

BUSINESS - LICENSING SERVICES

Regulatory environment in India requires various organizations to obtain several licenses before the operations commence. We offer our services under which we assist our clients in obtaining various license, be it general trade license or industry specific license. We have dedicated team whose expertise lies for liasioning with government authorities which assures speedy and timely procurement of licenses. At VKK our core focus is to reduce the regulatory burden on our clients so that they can concentrate on business activities.

DISPUTES & LITIGATION MATTERS

The Firm is well exposed to dealing with various regulatory authorities such as registrar of Companies (ROC), Regional Director (RD), Company Law Board (CLB), Securities and Exchange Board (SEBI). With V.K.KHOSLA & CO. You can be assured that all the documents requires to be filed before the regulatory authorities are filed in time and your case be represented in best possible manner before the various regulatory authorities.

DISPUTES & LITIGATION MATTERS

We at V.K.Khosla & Co. have a team of professional dedicated to Incorporation of various entities. Be it Company, LLP ,Partnership Firm or Joint venture, our team is well equipped with all the expertise to ensure that our clients have not to go through hard phase of Incorporation. We completely deal with all the regulatory and compliance aspect of entity incorporation and assure our clients that their major focus continues to remain on business operations.

ENTITY

We at V.K.Khosla & Co. have a team of professionals dedicated to Incorporation of various entities. Be it Company, LLP ,Partnership Firm or Joint venture, our team is well equipped with all the expertise to ensure that our clients have not to go through hard phase of Incorporation. We completely deal with all the regulatory and compliance aspect of entity incorporation and assure our clients that their major focus continue to remain on business operations.

REPORTING SERVICES RELATING TO PORTFOLIO INVESTMENT SCHEME

To provide depth in Indian securities market and to provide cushion against immediate attacks, government through various regulatory authorities likes SEBI, RBI, Stock Exchanges etc offers various restrictions and facility to stake holders. Portfolio investment Scheme (PIS) is one of the facilities which provide Non Resident Individuals and Foreign nationals to participate in Indian stock market along with various bands, restriction and legal compliance. Banks have given an additional responsibility to provide these facilities to NRI and foreign nationals along with ensuring all compliance applicable to them and daily reporting to Reserve Bank of India. VKK PIS team along with it’s in house developed application is competent to provide banks a single stop solution about PIS reporting and all legal compliance applicable on the banking organizations.

MCA COMPLIANCES

In India, companies are regulated by Ministry of corporate affairs that require various compliances on part of companies during pre incorporation and post incorporation phase. These compliance include annual return filing, maintenance of Statutory registers, other compliances, maintenance of minutes book etc. At VKK we take care of all the compliances that are required to met by company under companies law. We undertake compliance assignment on annual as well as case to case basis.

VALUATION & VERIFICATION OF FIXED ASSETS/ INVENTORY FOR GOVERNMENT INSTITUTION, LARGE AND SMALL CORPORATE, PRIVATE EQUITY FUND HOUSE, INSURANCE COMPANIES AND STOCK EXCHANGE

Asset is the backbone of any business. Any organization acquire different types of assets that are being used for production of the finished goods, assistance in sale of goods, better atmosphere to their employees etc. Value of all assets including fixed assets and current assets already consists a major part of total business, hence it is necessary that that assets should be checked and controlled in such a way that these assets can be used optimally and efficiently for long period and people can be stopped from misuse thereof. Generally organization do better control on their cash assets, debtors but reluctant towards fixed assets and sometimes for inventory. VKK with its unique and innovative technique helps organization to identify all fixed assets, their valuation, recording and creating of fixed assets register. VKK is providing specific solutions and process to the organization which ensure continuance updating of fixed assets registers, better tracking of assets spread into different location and fix responsibility among users. VKK is providing solutions for all type of assets (V.g. Infrastructure Assets (Road, Drain, Lake & Pond, Public Lighting, Sewerage Systems etc.) mainly found in municipal organizations, Intangible Assets (Goodwill, Patents, Copyrights, Trademark etc.), IT assets (Softwares, Hardware, Server, Networking Equipments), Research equipments (Lab equipments, precious consumables) etc. VKK’s Cost optimization team provides better techniques for inventory tracking, determination in efficient economic order quantity (EoQ), reorder level. Our team study and analysis various methods and procedures and assist to enhance inventory turnover ratio, price and supply hedging against market forces etc.

TRANSFORM PERFORMANCE OF PUBLIC INSTITUTIONS AND SECTOR EFFICIENCY. HELP IMPROVE INFRASTRUCTURE SERVICE DELIVERY

There should be equal exposure to every team members and responsibility of any wrong doing can also be casted upon individual person along with team. Our Internal Control and performance evaluation team have successfully launched his unique operating procedures that helps in proper segregation of responsibility along with business continuity and disaster recovery method.

REGISTRATION AND COMPLIANCE OF INDUSTRY SPECIFIC STATUTES (ESPECIALLY TELECOM, PETROLEUM, FMCG, FOOD, SECURITY AND MANUFACTURING INDUSTRY)

To setup and run an industry successfully it is necessary that it should comply with all applicable rules and regulations. In addition to general statues some special statutes are also applicable on some industry, non adherence thereof may question the existence of the organization. Sometime sector specific incentive schemes are also being offered by the government organization. Our sector specific expert team manages to updates their industry specific client about various regulatory amendments, reporting structure to regulatory authorities and tariff calculations. Our expert team provide assistance to telecom companies in better understanding of TRAI recommendations, DOT Guidelines, proper ascertainment of voice revenue, segment reporting etc. Our natural resources team assists natural resources in proper tariff calculations, timely submission to Petroleum and Natural gas regulatory board (PNGRB) authorities, segment reporting and calculation of segment wise internal rate of return. Our Industry team suggests various incentives applicable to specific industry and design strategies and method to enable the customers for better and maximum claim thereof.

TRANSITION FROM CASH BASED SINGLE ENTRY ACCOUNTING SYSTEM TO ACCRUAL BASED DOUBLE ENTRY ACCOUNTING SYSTEM FOR URBAN LOCAL BODIES.

One of the key reforms of government of India with an intention to make urban local bodies independent, self sustainable and their accounting system transparent, error free and more reliable. V.K.Khosla & Co. is one of the key associates in the government initiative. Our expert team have authored a book covering key aspects of accrual based double entry accounting system and its optimum use in urban local bodies. VKK team have initiated and successfully implemented this accounting system in more than 60 urban local bodies covering various states of India.

PROCESS AUTOMATION ENSURING ESTABLISHING E-AUDIT TRAIL AND RESPONSIBILITY ALLOCATION.

Use of modern technology and computer with application of skill and expertise of human being is the most productive and performing method in today era and we are having expertise in the same. Our expert team have contributed in many of the organization for successful integration of related process among each other in such a way that all required output can be generated with minimum inputs. We ensure that redundancy of work should be eliminated in such a way that efficiency & Interest of human resource will remain and increase in the organization’s interest and possibilities of errors and omission which can be resulted into repetitive working and frustration can be removed. Our team has successfully integrated financial accounting along with budgeting, inventory and financial management in such a way that a common platform and common input is providing all the purpose that can be served. User Control system, Bio metrics equipments and modified internal control techniques have helped us to establish proper responsibilities among the staff, enables improvement in quality input and adequate reporting framework.

IFRS CONVERSION

A change in accounting standards is virtually inevitable in India and companies should be embarking on their initiatives to achieve timely convergence with IFRS. Based on the experience of other countries, conversion is a significant endeavor and an early start can make a difference. We help companies that are contemplating IFRS or are in the process of adopting IFRS with services such as assessing and revising financial policies, evaluating organization-wide Data Collection processes, Consolidation processes, Financial Reporting processes, or General accounts. We have professionals specialized in the field of Indian Accounting standard and IFRS that smoothly navigate the convergence process to comply with international and local reporting compliances.