SERVICES
 
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Over the years, Sarkar & Associates have provided services in the fields of:

· Statutory Audit
· Internal & Management Audits

· Taxation Advice & Representation

· Finance

· Financial Adviser
· Project Reports
· Company Law
· Setting up of Non-Profit making Bodies
· Setting up of Foreign Branches & Liaison Offices
· Restructuring and Re-organisation of Companies / Businesses
· Mergers, Amalgamations, Takeovers, Management buy-outs
· Foreign Collaborations
· Bank Audits
· Accounting and Tax Services
· Agreements and Contracts
· Mediation, Arbitration

STATUTORY AUDITS      
Conducted statutory audits of Public Sector, Private Sector, Limited and Private Limited Companies, Educational and Charitable Institutions, Clubs, Partnership Firms as well as Branch Offices of Foreign Companies. Top
INTERNAL / MANAGEMENT AUDITS    
Conducted internal / management audits of Public as well as Private Limited Companies, Foreign Branch Offices, etc. with special emphasis on:  
Top Evaluation of adequacy of internal controls and their responsiveness to customer requirements.
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Examination of checks and balances.
Top Recommendation of prudential norms and overall improvement in yield without sacrificing quality of assets / investments.
Top Examination of the adequacy and effectiveness of corporate governance policies.
Top Examination of the efficiency of the existing distribution channels and the effectiveness of current marketing strategies to increase reach. Examination of cost-effectiveness of the same in the context of changes in marketing practices. Formulation of an effective strategy for publicity and advertising.
Top Examination of organisational structure and manpower requirements.
Top Examination and evaluation of financial control systems including system of cost-cutting measures, scope for improvement in the internal audit system and review of the system of delegation of financial authority.
Top Advising on a system for motivating employees.
Top Advising on the futuristic strategy to be followed.
 
       
TAXATION ADVICE & REPRESENTATION    

Engaged in taxation advice and planning for corporates, firms, foreign branch offices, subsidiaries of foreign companies, NRIs, societies and individuals.

Represented various clients before Income-Tax, Wealth-Tax authorities in Delhi and Calcutta upto the Tribunal level.

Represented cases before the Central Board of Direct Taxes.

Also undertaken preparation and filing of Income tax, Wealth-tax, TDS Returns, Tax Clearance Certificates, as also documents related to Assessment and Appeal Proceedings.

Advising and representing clients before Service Tax, Value added Tax and Sales Tax Authorities.

   

 

FINANCE    

Term Loans, Working Capital Requirements, Corporate Debt Restructuring for manufacturing, trading and export units, Secured and Unsecured Loans from All India and State Level Financial Corporations as well as Banks and Foreign Institutions / Funds.

Syndicated Finance, Project Finance, Financing of Take-overs, Inter-Corporate Deposits, Bills Discounting, Leasing, Hire Purchase, Equipment Financing, Auto Loans, Home Loans, Professional Loans from Banks, Financial and Apex Co-operative Institutions and others.

Represented before All India Financial Corporations, Foreign Institutions and Mutual Funds for Bridging Finance against Rights and Public Issues.

Actively involved in advising on bought-out-deals and private placement of shares and debentures, public offerings, right offers, underwriting, stock exchange listing, dividend pay-outs.

 
       
Financial Adviser    
Acted as Financial Adviser to various companies with regard to cash control, cost reduction, critical path method, standards for material and labour, programme evaluation and review technique, identification of term finance, capital expenditure decisions, investment outlay, cost of different sources of financing, corporate debt restructuring, etc
PROJECT REPORTS  
Preparation of Project Reports with special emphasis on break-even point, interest coverage ratio, internal rate of return, debt equity ratio, debt service ratio, syndication of funds, projected balance sheets, profit and loss accounts, cash flow statement. Top
       
COMPANY LAW    
Undertaken incorporation of Private Limited, Public Limited and Section 25 Companies as well as establishment of place of business in India of branch offices of foreign companies.

Represented before the Registrar of Companies, Delhi and Haryana, Uttar Pradesh and West Bengal,Regional Director, Northern,Eastern and Southern Regions and also before Company Law Board, Northern and Eastern Regions.
 
 
   
SETTING UP OF NON-PROFIT MAKING BODIES
Undertaken incorporation of societies under the Societies Registration Act, 1860 and the Co-operative Societies Act, 1912 as also companies under Section 25 of the Companies Act, 1956 and section 8 of the Companies Act, 2013.

 
SETTING UP OF FOREIGN BRANCHES & LIASION OFFICES
 
Represented before Reserve Bank of India and Registrar of Companies,for registration of branches and liaison offices of foreign companies.  
       
RESTRUCTURING AND RE-ORGANISATION OF COMPANIES / BUSINESSES  
Systematic study of companies, their restructuring and re-organisation based on ‘niche’ areas. Cost control and cost reduction studies.
 
       
MERGERS,AMALGAMATIONS,TAKE-OVERS, MANAGEMENT BUY-OUTS  
Undertaken detailed analysis of companies for Strategic Alliances, Mergers, Amalgamations, Take-overs, Management Buy-outs, Schemes of Arrangement. Top
       
FOREIGN COLLABORATIONS    
Represented before Foreign Investment Promotion Board for clearance of various technical / financial joint venture proposals.  
BANK AUDITS    
Conducted statutory, concurrent, inspection and branch audits of several Nationalised Banks.  
   
ACCOUNTING AND TAX SERVICES    
SMALL BUSINESS      
Catered to small business who need Reliable and Quality accounting services that can take care of their tax compliance.  
 
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Training of client's staff to handle basic accounting functions
Top Books and records maintenance services
Top Provision of monthly, interim and annual financial statements
Top Analysis and Reconciliation of general ledger accounts
Top Preparation of journal entries and month-end closing entries.
Top Preparation of working papers used by accounting firms for annual financial audits.
Top Analytical reports for management accounts.
Top Preparation and filing of tax returns.
Top Preparation of monthly and annual returns as also various forms under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
Top Advise by phone/ fax/ email on the company's accounting and tax matters during normal working hours.
 
MEDIUM-SIZED COMPANIES      
Serviced medium-sized companies who have their own junior accountants but need an outsourcing financial controller who can taking care of their tax and accounting and/ or their computerized accounting system Top
 
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Organization of simple but efficient (computerized) accounting system.
Top Training of the client’s junior accountants to do routine jobs on accounting & tax matters.
Top Supervision of junior accountants’ work so as to enable monthly closing in accurate & timely manner.
Top Preparation of monthly and annual returns as also various forms under the Employees’ Provident.
Top Preparation of monthly and annual returns as also various forms under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Top Taking care of accounting and tax matters without increasing their headcount.
 
BUSINESS CONSULTING      
 
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Analysis of client's business transactions
Top Organization of simple but efficient computerized accounting system
Top Training the staff to use accounting software
Top Training and assistance to client's staff with inquiries on a scheduled or as-needed basis.
Top Review and fine-tuning of internally-prepared data and financial statements.
Top Training client's staff in software applications..
Top Provision of on-going support.
 
PAYROLL SERVICES      
Designed confidential records and saved time and money.  
 
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Calculation of employee pay, tax, and other deductions.
Top Provision of bank payment instructions or diskettes and issuance of pay slips.
Top Preparation of payroll register and monthly summary for accounting department.
Top Preparation & submission of payroll tax returns.
Top Assistance to key employees for annual filing of personal income tax return.
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DATA PROCESSING SERVICES    
 
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Processing of computerized financial statements and reports
Top Maintenance of computerized fixed asset and depreciation schedules
Top Analysis of various accounting software packages at client's site.
 
TAX MANAGER      
This is designed for tax compliance.    
 
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Study and Analysis of Client’s business.
Top Helping client to understand all the applicable tax exemptions and deductions.
Top Training and supervision of client’s staff to handle the company’s tax matters.
Top Advise by phone/ fax/ email on the company’s tax matters.
Top Inform and advise on the new procedures whenever the tax laws are amended.
Top Guide the way to save tax by tax planning.
 
       
AGREEMENTS AND CONTRACTS    
Advised on Joint Venture Agreements, Professional Engagement Contracts, Finance and Management Contracts. Top
       
MEDIATION, ARBITRATION    
Advised on Alternative Dispute Resolutions including Mediation and Arbitration.