Case Study 1:
Managing payroll for an internationally renowned Shipping Company
A mega European Shipping liner, employing over 4,500 employees, offering
luxury cruises across the world, outsourced its payroll function to us. It
was decided, that the Mumbai office would function as the back office for
processing all the payroll details of the employees all over the world.
We were instrumental in identifying, formulating and implementing information
systems, for the smooth transmission of data from the ships all over the
world to Mumbai. The systems also ensured, that during the transmission of
the data, the confidentiality and the security of the data would be maintained.
Subsequent to the receipt of the data in Mumbai, the same is processed with
due care by professionals, who have the necessary expertise in this area.
Thereafter, the processed data is transmitted (along with the generated
pay-slips) to the ships by the back-office.
The payroll accounting every month is sent monthly to the Shipping liner’s
head office at the end of every month. To ensure that salaries and wages
to the employees would made on time, the entire process is completed within
the given time frame and is also well coordinated with all the ships world
over..
Outsourcing of its payroll function has helped the shipping liner to considerably
reduce their overheads, and effectively manage their human resources without
compromising on the security, confidentiality, quality and timely disbursement
of the salaries/wages.
Case
Study 2:
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.
Case Study 3:
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.
Case Study 4:
Assistance in winding (Members Voluntary Liquidation) up of a medium sized
Indian Private Company
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 5:
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.
