Statutory and Regulatory Compliance for Indian Subsidiaries. Ensuring your India entity meets all local requirements under the Companies Act, 2013.
Operating a subsidiary in India comes with a stringent web of compliances. The Companies Act, 2013, imposes strict penalties for non-compliance on directors and the entity.
Our Audit practice acts as the "Third Line of Defense" for your global board. We don't just sign off on numbers; we stress-test the internal financial controls (IFC) of your Indian unit to ensure assets are safeguarded and reporting is accurate.
100%
Local Compliance
IFC
Internal Financial Controls
Mandatory audit of financial statements under the Companies Act, 2013. We ensure your Indian P&L and Balance Sheet are true, fair, and free from material misstatement.
Verification of books of accounts for Income Tax compliance (Form 3CD). We certify that the tax positions taken by the subsidiary are aligned with the Income Tax Act, 1961.
Periodic review of operations, procurement, and HR processes. We detect revenue leakage and process inefficiencies before they impacting the bottom line.
Form 3CEB certification. We verify that related party transactions between the Indian subsidiary and the Global Parent are at specific Arm's Length Pricing.
Understanding the business environment and identifying key risk areas unique to the Indian operating context.
Verification of vouchers, bank statements, and physical assets. We use sampling techniques approved by the ICAI (Institute of Chartered Accountants of India).
Final Audit Report along with a 'Management Letter' highlighting control weaknesses and areas for improvement.
Yes. Unlike some jurisdictions, in India, every Private Limited Company, regardless of turnover, must undergo a Statutory Audit by a Chartered Accountant every year.
For most companies, the audit must be completed before the Annual General Meeting (AGM), which should be held within 6 months of the financial year end (i.e., by September 30th).