Secretarial compliance is not limited to filing annual forms with the Registrar of Companies. A company must also comply with requirements relating to board meetings, shareholder approvals, statutory registers, securities laws, related-party transactions, managerial appointments, foreign investment and various event-based filings. A Secretarial Audit provides an independent review of these compliances. The audit helps identify…
Corporate Legal Compliance: Protect Your Business
Running a legally compliant company involves much more than submitting annual forms or paying taxes. A business must comply with employment laws, contractual commitments, data-protection requirements, consumer regulations, operational licences, intellectual property laws and industry-specific rules. These obligations increase as a company hires more employees, enters new markets, signs larger contracts, collects customer data or…
Form 3CEB Filing: Key Transfer Pricing Requirements & Compliance Steps
Cross-border transactions between related entities are closely examined under transfer pricing regulations. Businesses must demonstrate that their pricing follows the arm’s length principle – the price or conditions that independent enterprises would have agreed upon under comparable circumstances. Where applicable, a taxpayer must maintain prescribed documentation and obtain an accountant’s report in Form 3CEB. The…
Business Continuity Planning: Preparing Operations for Disruption
Things can go wrong in a business in an instant. The operations of successful companies can be disrupted by power outages, cyber-attacks, equipment failures, supply chain issues, natural disasters or sudden employee shortages. Not everything may be preventable; however, organisations can plan for what they will do when a disruption occurs. BCP provides a systematic…
Centralize Global Operations with a Smarter GSS Model
Introduction In today’s world, where companies operate in many different countries, the challenge faced by an organization in managing financial, HR, procurement, IT and other such functions become ever harder. Various processes, systems and regional workforces tend to lead to duplication of efforts, standardization problems and increased operational costs. However, a modern Global Shared Services…
Fundraising Readiness: Financial and Compliance Checks Before Raising Capital
Obtaining external financing may turn out to be a crucial step in the life of a business. Starting from the very first round of institutional investment to a subsequent fundraising event, investors will surely want to understand how financially sound the business is, what its legal structure is like, whether it complies with all relevant…
Retail Inventory Control: Reducing Stock Losses and Variances
For retailers, every item on the shelf represents invested capital. Minor issues, such as items missing, damaged, wrongly entered or not accounted for, can have a large impact on profits. Good inventory management can assist retailers in keeping an accurate record of the goods, identify losses, and keep inventory available to the customer when needed….
How Can Businesses Prepare for a Merger or Acquisition?
A merger or acquisition may create new markets, new technologies, new customers and growth opportunities. But, when two businesses are coming together, it’s not just about an agreement. Businesses need to be aware of their financial situation, understand legal responsibilities, identify risks, and get staff ready for major changes. Following a well-planned merger and acquisition…
Tax Audit Report Filing: Key Areas to Review in Form 3CD
A tax audit is an important compliance requirement for businesses and professionals whose turnover, gross receipts or business activities, fall within the prescribed conditions. Its purpose is to verify whether the taxpayer has maintained appropriate books of account and correctly reported income, expenditure, deductions and other financial transactions. The tax audit report is generally submitted…
Corporate ITR Filing: Stay Ready with Key ITR-6 Checks
Corporate Income Tax Return filing is more than transferring figures from audited financial statements into an income-tax form. Companies must reconcile their accounting records, tax audit report, GST returns, TDS statements, Annual Information Statement and other statutory filings before submitting the return. ITR-6 contains detailed schedules covering income, deductions, tax computation, assets, liabilities, losses, related-party…










