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Naik Danait & Associates ( the 2irm ) was incorporated in the year 2003, by Mr. Keshav Naik, who was the founder partner of the erstwhile >irm Kuvelkar & N a i k f r o m 1 9 6 7 w h i c h w a s later reconstituted as Kuvelkar Naik & Gandhi till 2003. Over the years, the Firm has continuously tried to identify and develop new areas of professional services, to keep abreast the changing business environment. Thus, it has successfully widened its services portfolio and become a "one- stop" shop for varied business sizes primarily in the Service Sector. An Of>ice set- up in the Queen of the Suburbs Linking Road, Bandra, which is in close proximity to Bandra Kurla Complex - a prime business hub in Mumbai. Our Motto "Quality and Timely Services with Interest, Integrity and Independence" 2
Our high standards of Professional Ethics, Excellent Service Delivery, Personal touch and Commitment to Clients have helped us gain trust and appreciation from our clients and resulted in their continuous patronage. We are currently having committed and well trained, up to date staff motivated to provide quality service to the clientele. The >irm staff strength is 12 (including key personnel), which we leverage with the long- standing association with experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Information systems experts and other allied professionals, who assist us in handling specialized matters on need basis. In house library of the Firm, well- stocked with latest professional books and CD's for staff reference. A wide gamut of services, which can be >ine- tuned to the individual business needs of our esteemed clientele. 3
Mr. Keshav Naik (FCA, B.com): He is the founder partner of the erstwhile >irm Kuvelker Naik & Gandhi from 1967 till 2003 and of the >irm since 2003. He has wide experience of over 48 years in professional practice. He has been instrumental in diversifying the service offerings of the >irm and is an expert in Advisory services for Income tax, legal advisory services, DRT matters, FEMA and Company law matters. Ms. Vinita Danait (FCA, B.com, DISA (ICAI)): She is the Managing partner and has played an active part in building the >irm's practice since the inception of the >irm. She has had a consistently brilliant academic record, being a rank holder in the B.com and CA exams. She has recently completed DISA certi>ication course and also the Course on International Taxation conducted by the BCAS. She has had audit experience with two of the Big Four CA >irms during the initial years of her career. She specializes in FEMA/ International Tax consultancy, Internal/Statutory Audit, Process/System reviews/design. Both have jointly authored books on FEMA for when Foreign Exchange Management Act, 1999 was introduced for the >irst time in place of Foreign Exchange Regulation Act, 1973. The Book served legal professional and Chartered Accountants as a guide to newly introduced law. 4
Ms Minal Adhikari (ACA, M. com) : She has been associated with the >irm since past 2 years and has been recently inducted into the >irm as a partner. She is currently handling the Audit and Direct Tax (Domestic) / Service Tax Advisory services in the >irm. Mr. Haresh Tanna (B.com): He has been associated with the erstwhile >irm Kuvelker Naik & Gandhi since 1984 and with the >irm since 2003 as Manager in charge of the >irm s Direct tax Advisory services (Domestic) and Firm Administration. 5
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We are offering a broad range of services in the following categories: FEMA and International Taxation Compliance and Consultancy Services Audit and Attestation Services Management Consultancy Services Direct Tax Compliance and Consultancy Services (Domestic) Corporate Laws Compliance and Consultancy Services Service tax Advisory Services Legal Advisory Services 7
Set Up Services for liaison of>ice, project of>ice, branch of>ice, Foreign Subsidiary/ JV in India by foreign entities Advising on Entry strategies/compliance with Indian Laws A comprehensive Post- Set up Services package (including accounting, payroll, compliance, etc) Routine compliance matters like assistance in >ilings with RBI for FCGPR, APRs, FRALs, ODI forms etc Overseas Direct Investment advisory External Commercial Borrowing advisory Certi>ication under FEMA and RBI Regulation (Including company valuations per the Norms permitted under FEMA law) Compounding matters & Advisory for Regularization under FEMA law. Advisory on disinvestment of overseas concerns of Indian corporates 8
TDS and withholding tax compliance for overseas payments/ transactions. Bulk 15 CA/CB certi>ications for Indian corporates with various overseas payments Transfer pricing Audit and Advisory. International Tax Planning for High Net Worth Individuals /Corporates. PIO / NRI and foreign individual / corporates advisory services Issuing written opinions on queries raised by clients. 9
Statutory Audits Internal Audit Tax Audits Due Diligence Assignments Investigative Assignments/ Reviews Other speci2ic audit services : - Payroll audit - Trust audit - Inventory audit - Fixed Assets veri>ication - Statutory Compliance audit - Receivables audit - Branch inspection audit - Process audits - Review of Internal Financial Controls - Any other per client requirements 10
Maintenance of Books of Accounts for individuals / Start- up businesses/ Foreign LO, Of>ices set up in India Maintenance of Payroll records for Small Businesses (including employee tax compliances) Maintenance of Secretarial records Designing Systems/ processes for Small and Medium enterprises/ Start Up businesses Drafting the Standard Operating Processes and Procedures for Business (including Accounting Manual) Inventorisation of >ixed assets and reconciliation with the records maintained by company Handling compliances for corporates and others including >iling of E- TDS returns, Service tax returns, professional Tax returns, ROC returns and compliances under FEMA Regulations etc. Preparation of Project Report / Business plan for business 11
Preparation and electronic >iling of income tax returns (including E- TDS returns). Representing clients before tax authorities Drafting and >iling of Appeals under Income Tax Act Assistance in Advance tax computations TDS and withholding tax compliance including payments and e- >ilings Obtaining PAN card, tax registration etc Issuing written opinions under direct tax laws per client requirements NGO tax advisory Bulk Income Tax returns processing for corporates Other matters 12
Incorporation of Company in India Maintenance of statutory records under Companies Act, 2013 Obtaining DIN and DSC for directors Filing of E- Returns and other documents with ROC online (both annual and event based) Limited Liability Partnership incorporation (LLP) and handling of related formalities and compliances Conversion of partnerships into companies Conversion of companies/ >irms into LLP s Dissolution of defunct companies under Fast Track Exit mode under section 560 of the Companies Act, 1956 Recently handled regularization of >ilings under the CLSS Scheme 2014 Drafting of various petitions under Companies Act, 2013 Conducting audit speci>ically for compliance with Company laws. 13
Obtaining Service tax registration and changes to Service tax registration certi>icate, including closure of ST registration Preparation and electronic >iling of service tax returns. Representing clients before tax authorities Assistance in monthly Service tax computations and preparation of cenvat claimed workings Issuing written opinion per client requirements Vetting Business agreement with foreign entities under service tax laws 14
Drafting of Memorandum and Articles of Association Drafting business and service contracts/ agreements Drafting various deeds relating to mortgage, leases, gifts, exchange of property, trust, leave and license, ownership >lats and development agreements Drafting of partnership deeds and Registration with Registrar of Firms. Drafting of Foreign Collaboration /Joint Venture Agreements Drafting Power of Attorney and others Debt recovery matters Acting as an Arbitrator to settle and compromise various types of disputes on a win- win conclusion basis to the fullest satisfaction of disputing parties 15
We have a diversi2ied client base in the following industries: Hotels Real Estate/ Construction Projects Pharmaceuticals Professional Packers and Movers (International and Domestic) Records/Information Management Secured Ground transport and ATM replenishment agencies International Courier companies Freight Forwarders Cinematography and Movie making Corporate and Ad >ilm making Travel Agents Manufacturing Recruitment Agencies (including overseas recruitment concerns) Stock brokering 16
HR Consultants Textiles Drugs and Aids Rehabilitation clinics Charitable Trusts Publications/ Magazines Exports/ Imports Architects Prepaid Card Company Information Technology company 17
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Naik Danait & Associates 406, 4th Floor, Makhija Arcade, Plot No. 520, 35th Road, Off Linking Road, Khar (W), Mumbai, Maharashtra - 400052, India. Tel: +(91)- (22)- 67250638/ 67250639 Direct: +(91)- (22) 67250666 Mobile: +91-98210 29406 Mail IDs.: vinita@naikdanait.com Website: http://www.naikdanait.com 19