Team

Memberships

• Member of the Executive Committee, International Fiscal Association, Netherlands

• Ex-Chairman of the Young IFA Network, International Fiscal Association, Netherlands

• Member of Direct Taxation Committee of Indian Merchant Chamber

Work Experience

Presently Proprietor of Nanubhai Desai & Co, a firm of Chartered Accountants of repute at Mumbai, India. Firm is in existence for over last 60 years.

Attestation & Advise on Financial Statements

• Knowledge, experience and expertise on the matters related to financial statements of listed as well as unlisted companies.
  
  
• Reviewing, vetting and advising on the effective compliance and adherence of the financial statements on the prescribed accounting norms and standards.
  
  
• Facilitating in adoption of Indian Accounting Standards (Ind AS) particularly on the Fair value accounting (Ind AS 113).
  
  
• Advising on correct and appropriate disclosure of the accounting matters having regard to the pronouncements of ICAI.
  
  
• Advising on compliance with various authoritative pronouncements concerning maintenance of financial statements & requisite disclosure norms.
  
  
• Performing attestation services as required under the law and as desired by the management (viz. internal audits).
  
  
• Advising on impact and applicability of accounting standards and GAAP.
  
  
• Advising on matters connected to furnishing financial statements & its analysis/extracts for the consideration by the members of Audit Committee.
  
  
• Review of the financial statements of the Company to identify and analyze the performance as well as of the key parameters of the company for the reporting period.
  
  

Advise on Control procedures and IFC

• Undertaking in-depth study of the relevant processes and documents generated by the Company and to comment and advise on the existence of sound and effective internal control procedures.
  
  
• Advising on the areas of weaknesses and lapses for improving internal financial controls which could facilitate in elimination and/or identification of fraud or errors.
  
  
• Reviewing and advising on the implementation and improvement of efficient and sound SOPs.
  
  
• Advising on matters related to maintaining records/procedures/processes for Internal Financial Controls which would enable the management to lay down sound IFC and for its periodic review to assess that such controls are adequate and operating effectively.
  
  

Advising for effective compliance of various statues (viz Income tax Act, Companies Act, FEMA, SEBI)

• Identifying statutory legal obligations for the client on executing or undertaking various transactions.
  
  
• Assisting clients in developing and executing sound processes and systems to enable effective and timely compliance of various statutory legal obligations.
  
  
• Undertaking in-depth review of areas and transactions as maybe desired by the management for effective compliance of statutory obligations.
  
  
• Assisting clients in securing necessary opinion from the senior counsel for ensuring adequate compliance of statutory legal obligations.
  
  

Conceptualizing and Implementation - Transactions as well as entities

• Extensively advised clients on various economic transactions.
  
  
• Advising clients on concluding joint venture agreements/ Foreign Collaboration Agreements.
  
  
• Advising clients on concluding the legal entity for the purposes of business objectives - Namely LLP, Company, Partnership firm, etc.
  
  
• Has gained tremendous experience in the matters of Corporate Finance and affiliated services that formulate a structure to suit the client needs and requirements, followed by implementation of such approved structures.
  
  

Undertaking tax and regulatory due diligence for mergers, acquisitions, corporate finance

• Carrying out complicated tax and regulatory due diligence exercise and providing diagnostic support services to the clients.
  
  
• Advising the clients to enable them to generate maximum returns on their investments with the use and formulation of legally enforceable structure.
  
  
• Advising the management on risks and challenges associated with proposed mergers, acquisitions, etc.
  
  
• Strategizing on the proposed corporate action for achieving efficient results of the corporate action.
  
  
• Advising on potential tax and other statutory liability associated with the target company for historical compliances by the target company. Also advising on the impact of the same on the transaction value.
  
  
• Preparing Information Memorandum and advising on various matters connected to commercial and economic feasibility of proposed corporate action.
  
  

Assisting Corporates on Corporate Debt Restructuring exercise

• Assisting clients in undertaking review of financial statements.
  
  
• Assisting in preparing financial plans.
  
  
• Assisting in representing financial plans before the consortium members.
  
  

Valuation Exercise

• Valuation of Companies for the purposes of acquisition.
  
  
• Valuation of Unit for the purpose of demerger.
  
  
• Valuation for various economic transactions.
  
  

Advising liquidator on various matters connected to compliances of the statutory provisions.