Singh Suri & Company, Chartered Accountants can provide a range of services to assist businesses in setting up operations in India.
1. Business Structure Advisory: We advise on the most suitable legal structure for the business based on factors such as ownership, liability, taxation, and regulatory requirements. Options include sole proprietorship, partnership, limited liability partnership (LLP), private limited company, and public limited company.
2. Company Incorporation: We assist in the process of incorporating a company in India, including obtaining Director Identification Number (DIN), Digital Signature Certificate (DSC), name approval, drafting of Memorandum of Association (MoA) and Articles of Association (AoA), and filing incorporation documents with the Registrar of Companies (RoC).
3. Foreign Direct Investment (FDI) Compliance: We help foreign investors navigate FDI regulations and compliance requirements when establishing a presence in India. This includes advising on sectoral caps, entry routes, government approvals, and reporting obligations to the Reserve Bank of India (RBI) and other regulatory authorities.
4. Statutory Registrations: We assist in obtaining various statutory registrations required to operate a business in India, including Goods and Services Tax (GST) registration, Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Import-Export Code (IEC), and registration under the Shops and Establishment Act.
5. Tax Registration and Compliance: We handle tax registration and compliance requirements for businesses, including registration for income tax, GST, and other indirect taxes. We also assist in filing tax returns, maintaining tax records, and complying with tax withholding and payment obligations.
6. Accounting and Bookkeeping: We provide accounting and bookkeeping services to maintain accurate financial records in compliance with Indian accounting standards. This includes recording financial transactions, preparing financial statements, and ensuring compliance with regulatory reporting requirements.
7. Regulatory Compliance: We help businesses comply with various regulatory requirements applicable to their industry and operations. This includes compliance with labor laws, environmental regulations, corporate governance standards, and industry-specific regulations.
8. Corporate Secretarial Services: We offer corporate secretarial services to ensure compliance with company law requirements and corporate governance norms. This includes maintaining statutory registers, drafting board resolutions and minutes, and filing annual returns and other regulatory filings with authorities such as the RoC.
9. Business Advisory and Consulting: We serve as trusted advisors to businesses, providing strategic guidance and recommendations on a wide range of business matters. This includes business planning, financial forecasting, investment analysis, risk management, and strategic decision-making to support business growth and sustainability.
10. Audit and Assurance Services: We perform audit and assurance services to provide independent verification of financial statements and internal controls. This includes statutory audits, tax audits, internal audits, and special purpose audits to ensure compliance with legal and regulatory requirements and enhance transparency and credibility.
These are some of the key services that Singh Suri & Company, Chartered Accountants offer to businesses setting up operations in India. The specific services needed will depend on the nature of the business, its industry, its ownership structure, and its specific requirements and objectives.
Singh Suri & Company, Chartered Accountants can also assist businesses looking to set up operations outside of India.
1. Market Research and Feasibility Studies: We conduct market research and feasibility studies to assess the viability and potential risks of setting up operations in a foreign country. This includes analyzing market trends, competition, regulatory environment, and economic factors to make informed decisions.
2. Foreign Investment Structuring: We advise on structuring foreign investments and cross-border transactions to optimize tax efficiency, mitigate risks, and comply with international regulations. This includes choosing the appropriate investment vehicle, entry route, and legal structure for foreign operations.
3. Tax Planning and Compliance: We provide tax planning services to businesses expanding overseas, helping them understand and comply with tax laws and regulations in foreign jurisdictions. This includes assessing tax implications, optimizing tax structures, and ensuring compliance with local tax reporting and filing requirements.
4. Transfer Pricing Compliance: We assist multinational businesses in complying with transfer pricing regulations when conducting transactions between related entities in different countries. This involves preparing transfer pricing documentation, benchmarking analysis, and compliance with local transfer pricing regulations and reporting requirements.
5. Foreign Exchange Management: We help businesses navigate foreign exchange regulations and compliance requirements when conducting cross-border transactions, repatriating profits, or managing currency risks. This includes obtaining necessary approvals, complying with foreign exchange control regulations, and managing foreign currency exposures.
6. Legal and Regulatory Compliance: We assist businesses in understanding and complying with legal and regulatory requirements in foreign jurisdictions. This includes corporate governance standards, labor laws, intellectual property rights, environmental regulations, and industry-specific regulations applicable to foreign operations.
7. International Accounting Standards Compliance: We ensure businesses comply with international accounting standards (IFRS) or local Generally Accepted Accounting Principles (GAAP) when preparing financial statements for foreign subsidiaries or branches. This includes reconciling accounting practices, preparing consolidated financial statements, and complying with reporting requirements in multiple jurisdictions.
8. Cross-Border Mergers and Acquisitions: We provide advisory services to businesses involved in cross-border mergers, acquisitions, and joint ventures. This includes conducting due diligence, valuing target companies, structuring transactions, and navigating regulatory approvals and compliance requirements in multiple jurisdictions.
9. Cross-Border Business Restructuring: We assist businesses in restructuring their global operations to optimize tax efficiency, streamline operations, and improve profitability. This includes evaluating restructuring options, analyzing tax implications, and implementing restructuring plans in compliance with local laws and regulations.
10. Risk Management and Compliance Audit: We perform risk assessments and compliance audits to evaluate the effectiveness of internal controls, identify compliance risks, and mitigate operational and regulatory risks associated with foreign operations. This includes assessing compliance with local laws, regulations, and corporate governance standards.
These are some of the key services that Singh Suri & Company, Chartered Accountants may offer to businesses looking to set up operations outside of India. The specific services needed will depend on the nature of the business, its expansion goals, the target market, and the regulatory environment in the foreign jurisdiction.
Singh Suri & Company, Chartered Accountants was established in 2009. The Firm has emerged as an Accounting, Tax, Audit & Business Management Consultancy firm providing wide range of services to clients in India and Abroad.
Head Office : E-1566, Sector-1, Tigri, Dr.Ambedkar Nagar, New Delhi-110080
Branch Office : Unit No. 2417, 4th Floor, Tower 2, Express Trade Towers 2, B-36, Sector-132, Noida - 201301 (U.P)
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