Internal Audit

Internal audit is the client company’s own management area to perceive setup’s running cost and financial competence. Client Company’s account department does this internal audit, under the guidance of our qualified auditors. Our job is also to see that accounting work formatting is as per the government’s regulations.

Statutory Audit

The statutory audits are the reports about any company’s financial status submitted to the government. The statutory audit report is mandatory under the law of Indian government; its submission should be in a prescribed form. Our professional and experienced team performs all its duties of statuary auditing and related auditing.

Tax Audit

A tax audit is a prerequisite, if the turnover of an enterprise exceeds INR-One Crore and professionals’ package 25 lacs or more. These accounts require auditing by the registered chartered firm like ours. The tax audit report received by the tax department after 31 August is liable for the penalty.

System Audit

A system audit is a comprehensive process to audit the system, comprises the enterprise’s working activities, material, workforce and related factors. The system audit is to check that costing of running the setup is under control. Our skilled team has big experience to handle the system audits.

Due Diligence Audit

Due diligence audit is necessary to confirm facts before any potential business deal or transaction. This requires a thorough investigation done by an expert team and we are well equipped to handle these investigations. Due diligence audit includes the confirmation of potential investment facts, reviewing all financial records, materials, and other related factors. This audit is important, before entering into an agreement or a financial transaction with another party to avoid any setback.

Special Purpose Audits

We assist our clients with special purpose reviews wherein we check on management or regulator specified areas viz. Corporate Social Responsibility, Anti-money laundering, Information Technology Systems, Grant utilization, etc.

Bank Audit

We also provide bank audit service as per the scope framed by the Banks and as per Banking Regulation Act including rules framed thereunder.

Insolvency Management and Restructuring

We assist our clients to examine a proposed action or strategy vis-à-vis the Indian regulatory environment. Our experts from varied service verticals work together and provide clear advice on matters which could concern Foreign Exchange Management Act (FEMA), Foreign Direct Investment (FDI), Company Law, Direct and Indirect taxes, labor matters, Special Economic Zone (SEZ), etc.

Entry Strategy

We recommend the most appropriate structure to match your India business strategy. We map risks and necessary steps required to register and operate your entity (be it Liaison, Branch, Project Office, Limited Liability Partnership, Wholly Owned Subsidiary or a Joint Venture in India), in accordance with the applicable regulatory and foreign exchange requirements.

Insolvency Management and Restructuring

We analyze and develop structured solutions for closure of an office or factory, Management and termination of human resource, hiring contractual employees or building a recovery plan. Where restructuring may not be feasible, we can assist in the liquidation besides exploring the possibility of merger or amalgamation through our team of insolvency professionals.

Factory Set-Up Support

We assist you in establishing a factory anywhere in India. We manage the entire process from identifying an ideal location, key service providers/contractors, to procuring necessary clearances from government bodies i.e. ‘Reserve Bank of India’ (RBI), ‘Secretariat of Industrial Assistance’ (SIA), ‘Registrar of Companies’ (ROC), ‘Foreign Contribution Regulation Authority’ (FCRA), Ministry of Environment and Forest, etc.

Secretarial Compliances

On a routine basis, we assist you to meet statutory requirements viz drafting and maintaining statutory records such as minutes of meetings (Annual, Shareholders, Board), appointment and resignation of key personnel, increase/reduction in capital, etc. We organize the office infrastructure and manpower during the ‘in transit period’ when a company is in the process of setting up, including acting as nominee resident directors.

Commercial Taxation System

The taxation system in commercial ventures has many complexities that need professional expertise to handle. At RNC, our experienced team of managers looks into taxation and related issues to find the best solutions for them. They provide their best services in this matter with a complete understanding of business taxation’s technicalities and procedures.

The taxation services include Income tax assessment, corporate, and personal taxation matters. Filing of Income Tax & wealth tax returns of all residents and non-residents of India. Tax planning for domestic and international based businesses and indirect taxation compliance. Taxation appeals is also an integral part of our services. Besides, we contribute to personal financial planning and insurance & pension planning.

Cross Border Taxation

The reach of the companies is on a global scale nowadays. We understand the enterprise’s requirements so we stay updated with international tax laws. Our services also offer the inbound and outbound tax advisory. We also offer our advisory for immigrants and HNI s regarding their financial and taxation issues.

Transfer Pricing Services

When a global company deals in India with a local association, the price adjustment for goods and services sold between two associate groups becomes mandatory. When a secondary company sells goods to the primary company, the cost of those goods paid by the primary company to the secondary company is the ‘Transfer pricing’.

The role of RNC in such matters of the transaction is to help such companies to justify their pricing by taking smart decisions to implement and finalize ‘Transfer pricing’. Although, transfer pricing is a part of the global taxation system, however, few countries keep its revenue in a separate category.

We offer our services to improve Transfer Pricing system by covering the risk factors to avoid any litigation. We provide our skills in offering better formula in transfer pricing by meticulously planning to curtail any scope of trial. We offer the role of a mediator to negotiate a price agreed for buying and selling for a locking period of 5-years with the taxation department of India. Transfer Pricing authorities in India are very focused and rigid towards these types of inter-companies deals. One often encounters lawsuits in these matters. Our competent services offers to negotiate and check risk factors to control financial losses in shape of penalties.

Corporate Compliances

As the leading chartered accountancy firm, we feel responsible to our corporate clients. We help them with the compliance with all the financial rules laid down by the government. The corporate compliance is an indispensable part of the whole system. The process of corporate compliance makes sure that your company and employees follow the laws, guidelines, regulations, and standard ethical practices.

Indirect Taxation

Thanks to our all India presence, we can assist you in any policy, in any state or any party government. We can provide you a clear tax vision whether it is GST or any other imposed tax.

Representation and Dispute Resolution

We got a team of experts will handle any kind of tax-related disputes with success, practically handling all the notices by replying to them and facing appeals, concerned officers, and courts. This saves you a lot of time and trouble.

Planning and Business Advisory

We help our clients in understanding the taxation mechanism and structure, to best avoid the multiplicity of taxes. We assist them to streamline and re-organise the existing business, with a view to optimize various tax implications.

Mergers and Acquisitions

End to end support on deals from planning to closure. Sell-side Advisory: We assist clients in understanding and realizing the potential value of their business. We work closely with them to devise tailored strategies during deal negotiations. Buy-side advisory: From market analysis to defining an acquisition strategy, domestic or cross border, we find potential targets, negotiate a fair value and support the management through till the finalization of definitive agreements.

Due Diligence

We offer both desktop due diligence i.e. promoter and company background checks as well as detailed Financial and Tax Due Diligence involving on-site reviews and interviews with the management. We also offer post-merger integration support.

Valuation

We select the most appropriate, internationally acceptable valuation technique to arrive at a fair business value prior to accepting or making an offer. Valuations can be done for family settlements, dispute resolutions, purchase price allocations, etc.

Fund Raising

We help our clients raise growth capital through venture capital, private equity or banking channels (non-equity) by offering turnkey support involving preparation of pitch documents, building of a valuation model and assist during the ensuing negotiations.