Overview

Various business entities have legal compliance requirements based on the structure adopted by them to conduct their business. These compliance requirements vary from one-time to periodic to continuous. Setting up new businesses involves obtaining approvals, registrations, and filings. While Indian exchange control regulations have liberalized significantly, certain restrictions and compliance requirements still exist for transactions on the capital account. Indian financial institutions maintain a conservative approach when lending to businesses, necessitating competent consultants to assist in corporate advisory in these fields.

KSV’s competent team is well-suited to provide the following services to existing entities or those to be incorporated:

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

Business Licensing Services

The regulatory environment in India requires various organizations to obtain several licenses before commencing operations. Our services assist clients in obtaining various licenses, whether general trade licenses or industry-specific licenses. We have a dedicated team with expertise in liaising with government authorities to ensure speedy procurement of licenses. At KSV, our core focus is to reduce regulatory burdens on our clients so they can concentrate on business activities.

Disputes & Litigation Matters

The firm is experienced in dealing with various regulatory authorities such as the Registrar of Companies (ROC), Regional Director (RD), Company Law Board (CLB), and Securities and Exchange Board (SEBI). With KSV Accounting & Taxation Consultants, you can be assured that all required documents are filed on time before regulatory authorities, and your case is represented in the best possible manner.

Entity Incorporation

At KSV Accounting & Taxation Consultants, we have a team dedicated to the incorporation of various entities. Whether it’s a company, LLP, partnership firm, or joint venture, our team ensures that clients don’t face hurdles during incorporation. We handle all regulatory and compliance aspects of entity incorporation, allowing our clients to focus on business operations.

Reporting Services Relating to Portfolio Investment Scheme

Portfolio Investment Scheme (PIS) allows non-resident individuals and foreign nationals to participate in the Indian stock market with various restrictions and legal compliance requirements. Our PIS team, along with our in-house developed application, provides banks with a one-stop solution for PIS reporting and all applicable legal compliance.

ROC Compliances

In India, companies are regulated by the Registrar of Companies (ROC), which requires various compliances during pre-incorporation and post-incorporation phases. These compliances include annual return filing, maintenance of statutory registers, and other obligations. At KSV, we take care of all the compliances required by companies under company law, handling both annual and case-specific compliance assignments.

Valuation & Verification of Fixed Assets/Inventory

Assets are crucial for any business, and their value needs to be accurately assessed and controlled to ensure optimal and efficient use. KSV offers unique and innovative techniques for identifying, valuing, and recording fixed assets and inventory. We provide solutions for all types of assets, including infrastructure assets, intangible assets, IT assets, research equipment, and inventory. Our cost optimization team enhances inventory tracking, determines economic order quantity (EOQ), and improves inventory turnover ratios.

Registration and Compliance of Industry-Specific Statutes

Successful setup and operation of an industry require compliance with all applicable rules and regulations, including sector-specific statutes. KSV sector-specific expert team assists clients in understanding regulatory amendments, reporting structures to regulatory authorities, and tariff calculations. We provide assistance to telecom companies in understanding TRAI recommendations and DOT guidelines, help natural resources companies with proper tariff calculations and reporting to regulatory boards, and offer industry-specific incentives and strategies.

Transition to Accrual-Based Accounting System for Urban Local Bodies

One of the key reforms initiated by the Government of India is transitioning urban local bodies from cash-based single-entry accounting systems to accrual-based double-entry accounting systems. This reform aims to make urban local bodies independent, self-sustainable, and transparent in their accounting practices. KSV is actively involved in this government initiative, having successfully implemented accrual-based accounting systems in over 60 urban local bodies across various states in India. Our expert team authored a book covering key aspects of accrual-based accounting systems, ensuring transparency, error-free operations, and reliability in financial reporting.

IFRS Conversion

Given the inevitable changes in accounting standards in India, companies should embark on initiatives to achieve timely convergence with International Financial Reporting Standards (IFRS). Conversion to IFRS is a significant endeavor, and early preparation can make a difference. We assist companies contemplating IFRS adoption or in the process of adoption by assessing and revising financial policies, evaluating organization-wide data collection processes, consolidation processes, financial reporting processes, and general accounts. Our team of professionals specializes in Indian Accounting Standards and IFRS, guiding companies through the convergence process to comply with international and local reporting requirements.