Case Study 1:

Setting up business operations for a Multinational Company and outsourcing of the complete tax and corporate laws functions.

An US based software multinational company appointed us, for assistance in setting up their business operations in India. In this connection, our services included advising them on the Indian exchange control and corporate laws for incorporating the Company in India.

We are appointed as Statutory Auditors to the Company. Additionally, we are also responsible for ensuring that all the compliances under the Indian tax laws (filing of income-tax returns, representing the Company before Revenue authorities for income-tax assessments, tax withholding requirements, etc), are strictly adhered to by the Indian subsidiary. We also advise the Indian subsidiary on the implications under the Indian Corporate laws and are also assisting it in complying with the corporate law requirements. We also process the entire payroll of the Indian subsidiary to ensure that all the requirements of the tax and other allied laws are duly met by the Company.

The outsourcing of these non-core functions has assisted the Company in focusing on core areas besides optimizing their operating costs to a large extent.

A medium sized Indian Private Company, engaged in the business of buying and selling equities, appointed our Firm as Liquidators for the winding-up of the Company. We provided the following services to the Company.
• Assistance in the preparation of a declaration of solvency.
• Preparation and placement of advertisements in the Official Gazette.
• Assistance in the Realization of assets of the Company.
• Preparation of the list of creditors.
• Audit of the accounting records to determine the amount payable by the contributors to meet the liabilities of the creditors.
• Liaising with the contributors, which included sending notices to them to determine the amount due to the Company by them, collecting the amounts from them, and settling the liabilities of the creditors.
• Preparation of the annual financial statements and assistance in convening of the shareholder meetings.
• Providing assistance to the official Liquidator in the financial matters concerned with the transaction.
• Assistance in the Compliance of the procedures under the Indian Corporate Laws in connection with the winding up of the Company.
• Assistance in complying with the procedures under the Income-tax laws such as intimating the tax authorities, representing the Company, etc.

Case Study 3:

Assistance in Merger of Export Orientated Units for a Multinational Company

Our Firm was appointed for providing assistance in an execution of a Merger of the EOU’s having similar businesses, which would result in substantial reduction of overheads and increase synergies in their business operations in India.

Our scope of services included assisting in the preparation of the Scheme of Amalgamation, compliance of the corporate law procedures in this respect.

Additionally, we were also responsible for providing assistance in the liquidation proceedings of the merged corporate entity. We also assisted in the preparation of the legal documentation in connection with the transaction.

We performed the above services in coordination with the legal experts engaged by the Company.

Case Study 4:

Setting up business operations for a Asian Shipping Company

We were appointed by leading Asian Shipping Company, (which previously carried out its business in India through local agents) to assist them in establishing their business operations in India. The Asian Company proposed to set up their own outfit in India since they wanted to avoid paying heavy commissions to their agents in India.

The services our Firm provided in this connection was as follows:
• Identification of the Indian joint-venture partners for the Asian Company.
• Assistance in representing the Asian Company in negotiations with the joint-venture partner.
• Assistance in the preparation of the joint-venture agreement and other related documentation in conformity with the Indian commercial and income-tax laws.
• Incorporation of the Indian Joint Venture Company under the Indian Corporate laws for the Joint Venture.
• Advice on the exchange control implications under the Indian foreign exchange laws on the foreign investment in the joint-venture company.
• Processing of various approvals required from the exchange control authorities for setting up of the business presence in India.