US based company wanting to setup Indian subsidiary

A leading company into IT services from USA wanted to start their India operations. They wanted someone to take care of registrations, legal compliances, day-to-day accounting etc.

Solution – Arthtech’s Integrated Management Outsourcing Solution (IMOS)

We at Arthtech not only helped them register their subsidiary over here but also supported them through the entire paraphernalia of initial set up activities of accounting, vendor payments, compliances and taxation management.

We undertook the following activities for them -

• Entire accounting, banking, vendor payments, invoicing and generation of books of accounts
• Preparation of Final Accounts in line with the Companies Act and the Accounting Standards
• End to end Payroll solution – from payroll processing to deposit of salaries in the bank, handling tax calculations and deductions, quarterly TDS returns (withholding tax),
• Issue of Form 16 (Certificate of Deduction of Tax) etc.
• Taxation including TDS on various payments, quarterly TDS returns, issuing Form 16A, Advance Tax calculations and payments, FBT calculations and payments etc.
• Company Law compliances including Board meetings and minutes, other filings with ROC etc.
• Other statutory compliances under FEMA, Software Technology Parks of India, VAT
• Ensuring smooth completion of Internal as well Statutory Audits
• Support in compliance with Transfer Pricing requirements.
• Support on various commercial functions like insurance, dealing with CHA for imports etc.
• MIS to the management and the parent company at the decided frequency
• Authorized Signatory for the Bank account.
• Support to the CEO on various financial and commercial matters

Today Arthtech not only supports them for various financial functions but is also an authorized signatory for their bank accounts. With our services they were able to focus on their core business functions.

We would be delighted to discuss how we can assist you at a free initial meeting.

A family managed business manufacturing auto filters, having majority share of OEM markets for 2 wheelers wanted to professionalize their finance and accounting functions.

Solution – Arthtech’s IMOS and Virtual CFO Services.
We acted as a Virtual CFO to them. We not only setup their Accounts and Finance systems & processes but also managed the due diligence for their Finance & Legal requirements for their joint venture with an Italian company.

We undertook the following activities for them -

• Setup up entire accounting, banking, vendor payments, invoicing etc. and generation of books of accounts
• Preparation of Final Accounts in line with the Companies Act and the Accounting Standards
  
• End to end Payroll solution – from payroll processing to deposit of salaries in the bank, handling tax calculations and deductions, quarterly TDS returns (withholding tax), 
  
• Issue of Form 16 (Certificate of Deduction of Tax) etc.
  
• Taxation including TDS on various payments, quarterly TDS returns, issuing Form 16A, Advance Tax calculations and payments, FBT calculations and payments etc.
  
• Company Law compliances including Board meetings and minutes, other filings with ROC etc.
  
• Ensuring smooth completion of Internal as well Statutory Audits
  
• MIS to the management and the parent company at the decided frequency
  
• Support to the CEO on various financial and commercial matters
  
• Successfully managed the takeover of the majority stake of the company by an Italian filter major with a global presence with due diligence done by KPMG and J.Sagar & Associates
  
• Asociated with the firm since 2006 and successfully changed the family managed environment one into a very dynamic and professional organisation.
  

Arthtech’s services helped them structure their financial management, foreign exchange, working capital management and helped them convert to into a corporate entity under chapter IX with least tax implications. Major tax savings were achieved by Arthtech during the formation of a joint venture with an Italian auto major wherein Arthtech managed the entire legal and financial due diligence.

We would be delighted to discuss how we can assist you at a free initial meeting.