Statutory audits

• Statutory Audits are conducted to report the state of company’s finances and accounts to the Government of India. At TheParks an elite team of qualified auditors are designated to do such audits. The audit report are prepared strictly in accordance with the rules and regulations defined by the Government agencies.

Investigation and Forensic audit

• An examination and evaluation of a firm’s or an individual’s financial information for the use as an evidence in the court of law. At TheParks we undertake financial investigations of misconduct, bribery and corruption; with the main focus on assessing the financial transactions, accounting irregularities, and regulatory and compliance issues on behalf of the public and closely held companies , private equity firms, government agencies, municipalities, NGOs and HNIs/ industries we serve. Our well trained and qualified subject matter experts handle such issues with great proficiency.

Ind AS/IFRS

• INDIND–AS stands for Indian Accounting Standard and are converged standards for IFRS (International Financial Reporting Standards) AS stands for Indian Accounting Standard and are converged standards for IFRS (International Financial Reporting Standards) are to are to ensure that India converge globally accepted standards and were adopted by the country and was made mandatory for selected ensure that India converge globally accepted standards and were adopted by the country and was made mandatory for selected companies.
• INDIND–AS at present can be viewed as the most important initiative in the financial reporting standards at the global podium. Approximately 120 nations and reporting jurisdictions permits/ requires  IND–AS for domestic listed companies, while over 90 countries have fully conformed to  IND–AS as promulgated by the International Accounting Standards Board (IASB) and include a statement acknowledging AS as promulgated by the International Accounting Standards Board (IASB) and include a statement acknowledging such conformity in their audit reports. We have qualified and trained resources to assist in  IND–AS convergence, balancing both, the the short term and the long objectives of the businesses.

Stock audit

• Stock Audit is an area of specialization and core competence for TheParks. We are committed to provide unmatched Internal Audit Services because of our unparallel reach and network. Stocks and physical assets such as raw materials are critical real assets and needs systematized management. As a large number of companies are operating across the borders through multiple locations and channel partners, making asset management a challenge. We aim at delivering focused services to companies to keep their physical assets check intact.

Domestic and International Taxation

• Corporate tax return and advisory with automatic updates and compliance dashboard.
• Effective Tax Rate (ETR) optimization.
• Individual tax returns.
• Cross border tax advisory externalization of the structures.
• Inbound structuring.
• Multi country planning.
• R&D.
• ESOP implementation strategies & valuation.
• Profit repatriation strategies.
• General anti avoidance rule (GAAR) advisory services.
• Tax implications of Ind AS.
• Foreign payments & withholding tax.
• Tax audit.

Transfer Pricing

• Diagnostic review of transfer pricing policy and implementation support.
• Base Erosion and Profit Shifting (BEPS).
• APA.
• Advise on the applicability of master file and CbC reporting requirements.
• Transfer pricing risk analysis and alignment with the group’s master file.
• Advice on alternative business models and implementation support pillar 1/ 2 analysis.
• Valuation of instruments/assets.
• Compliance support: preparation of master file, CbC report, and local file.
• Litigation representation before tax authorities, appellate tribunal & courts.
• Tax consultancy and advisory.
• Double tax Avoidance advisory.
• Assistance in selection of regional HQ and incorporation of Companies outside India.
• Litigation representation before tax authorities, tribunal & courts.

Company Law

• Company/LLP/OPC formations.
• Compounding.
• Name change.
• Company dissolutions and strike offs.
• MCA filings Change of directors, etc.
• Liquidation support.

Bankruptcy Law

• Consultancy in Insolvency & Bankruptcy.
• Advising operational or financial creditors or depositors on various aspects relating to claims against companies under Bankruptcy.
• Assisting in Bankruptcy.
• Blocking of transfer of securities.
• Appearance before courts & NCLT.

Legal Advisory

• Founders Agreement.
• Negotiation & drafting of term sheet & Share Holder Agreement (SHA).
• Share Purchase Agreement (SPA).
• RERA Compliances.
• Global Data Protection Regulations.
• Virtual corporate lawyer services.

Corporate Finance

• Mergers and Acquisitions.
• Sales, hive offs and Demergers.
• Valuations.
• Structured Finance.
• Due Diligence.
• India Entry Services and outbound investments.
• Corporate Governance Advisory Services.

Merger and Acquisition (M&A) Tax

• Optimizing ETR with corporate structuring.
• Due diligence.
• Structuring transactions including comments on the transaction documents (MoU, SPA, SHA, etc.) from tax and regulatory perspective.
• Business reorganization (merger, demerger, share purchase, business purchase, joint venture, capital reduction).
• Entry, repatriation and exit strategy (inbound transaction structuring).
• Repatriation strategy (dividend, buyback, capital reduction).
• Balance sheet re engineering.
• Transaction cost/ cost and benefit analysis stamp duty, etc.
• Set up assistance.

Fixed Asset Management (‘FAM’)

• The fixed asset audit procedures are for those assets that are expected to last more than just a year such as land, buildings , assets, and equipment. Fixed assets are primary resources for the business. Asset audit is necessary to do once a year to update all the records of assets in a proper manner.
• If there is no track and record of assets, you might have to pay a huge amount of money. Due to increased displacement, loss, and undocumented assets which affects the business.
• Also, rightly followed audit procedures will capture the important details such as serial number, date of purchase, schedules of maintenance, etc.
• TheParks expertise lies in FAM and our vast knowledge in this activity helps to provide ready solutions to our elite clientele in all sectors.

Virtual CFO Services

On a broad level, a CFO is responsible for accounting, tax, controllership, treasury, fund raise, performance monitoring and reporting; for a company. By combining the power of quantitative and qualitative analytics, our team provides you with holistic solution was all the segments mentioned and provide you with actionable insights about your business to help you take informed decisions. Key segmentation:

• Complete CFO services for SME’s and Start ups.
• Bookkeeping, Financial planning, AR AP, & Year End Support.
• Payroll Processing.
• Process Automation & Strategic Support.
• Tax Law Compliances & Advisory.
• Fundraising Support.

IPO

• Project management in your IPO journey : TheParks can help you with the

  –  Assist with readiness diagnostic assessment
  –  Design a project plan of required work streams and delivery timetable by          liaising with bankers, auditors, lawyers and others
  –  Assist in managing the timetable and closing date priorities
  –  Manage progress calls, meeting schedules and action logs

• Readiness assessment : We can help you determine the key roadblocks, with our wealth of direct experience in the following service areas:

  –  Financial advisory services
  –  Financial accounting and reporting
  –  Valuation and modelling
  –  Tax implications, tax shelter statement
  –  Corporate governance, etc.

• Readiness assist

• Detailed action plan

Book Keeping

• Many small businesses, start ups, and entrepreneurs find it extremely challenging to manage their accounting records and keep their finances updated. All the more burdening is the task of rifling through huge arrays of options and hiring the accountant that is best suited to your needs and the firms’ growth and development.
• Choosing the right skills that are qualified and affordable at the same time is difficult. However, with the diligent efforts of a collaborative team of experts well adept in their work and qualified enough to bring their best features on the table.
• At TheParks our bookkeeping services aims at cost reduction and cost management for our clients. A specialized team of accounting professionals have been designated to cater customer’s requirements. We follow standardized procedures and systematic processes with the best accounting software and custom financial reporting to a few best third party software. We understand that every client’s requirements are unique and therefore, we provide personalized accounting and bookkeeping services with customizations that are tailored to fit their unique requirements.
• Our bookkeeping services comes with a combination of following activities:

  –  Preparation of financial forecasts including cash flow and profit projections;
  –  Providing financial expertise to companies at board level;
  –  Preparation of statutory financial statements for annual audit and statutory fillings.

IFC (Internal Control over Financial Reporting)

• Section 134(5)( e) of the 2013 act requires that in case of listed companies, Directors’ Responsibility Statement should, among other matters, state that directors had laid down internal financial controls and such financial controls are adequate and were operating effectively. Rule 8(5)(viii) of the Companies Rules, 2014 Requires the board report of all companies to state the details in respect of adequacy of internal financial controls with reference to the financial statements and also Section 143(3)(i) of the Act requires the auditors’ report to state whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
• ICFR therefore is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that:

  –  pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

  –  provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;

  –  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Other Services

• Fund Raising.
• Succession planning.
• Start up service.
• Collaborative growth environment for the start ups.
• Payroll services.