Audit, tax, compliance and advisory for companies — within the independence rules

Yes. Under the Companies Act, every company must have its accounts audited each financial year regardless of turnover, capital, or whether it traded at all — there is no small-company or dormant-company exemption from the statutory audit itself. A statutory audit is not the same as a tax audit, which is turnover-linked. We handle both, kept consistent with each other.

The two core annual filings are Form AOC-4, which files your audited financial statements, and Form MGT-7 (or the simplified MGT-7A for One Person Companies and small companies) for the annual return. Alongside these you need board meetings through the year, an AGM (One Person Companies are exempt), director KYC and properly maintained statutory registers. Late filing attracts a per-day penalty, so dates matter — we track the whole calendar for you.

Currently, CSR applies once your company, in the immediately preceding financial year, meets any one of three tests: net worth of ₹500 crore or more, turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more. Once triggered, you must spend at least 2% of the average net profit of the three preceding years on Schedule VII activities, and the rules on the Annual Action Plan, implementing agencies and unspent money all follow. We flag the trigger early and manage the full lifecycle.

Ind AS applies under a phased net-worth roadmap — broadly, all listed companies (other than those listed only on an SME exchange) and unlisted companies at or above ₹500 crore net worth came in first, then unlisted companies at or above ₹250 crore. Critically, once Ind AS applies to a company it also applies to its holding, subsidiary, associate and joint-venture companies, so a listed or larger parent can pull a smaller entity in regardless of its own size. We assess applicability precisely and, where it applies, run the conversion.

Yes. Depending on the role you need, we can act as the Indian entity's statutory auditor, or handle its compliance, an Ind AS or group reporting pack on the parent's calendar, intercompany records and transfer-pricing documentation. We will not take on both sides where Section 144 of the Companies Act, 2013 bars it — an auditor cannot also prepare the accounts it audits, for example — and we set out at the start which combination is permitted.

No — and we will say so up front. Section 144 of the Companies Act, 2013 lists services a company's statutory auditor must not provide to that company, including accounting and book-keeping, internal audit, design and implementation of financial information systems, actuarial and investment advisory services, investment banking, outsourced financial services and management services. The bar also extends to the company's holding and subsidiary companies, and applies whether the service is provided directly or indirectly; any other non-audit service needs approval from the Board or the audit committee. If we are your auditor, the barred services sit with another firm; if we are not, we can provide them. Either way, we agree the scope in writing before we start.

As early as possible. Being diligence-ready — restated Ind AS comparatives, a defensible valuation, clean secretarial and compliance records, and tax positions that hold up — takes time to build, and it is far cheaper to get right before a term sheet than to fix under a deal clock. We can review where you stand, tell you candidly what needs work, and get you to a state where the transaction runs on your terms.