Though FDI is allowed in India under automatic route in most of the sectors, with / without share-holding cap, there may to requirement of FIPB / RBI approvals. We at MIDAS are able to assist you in entire process from documentation to obtaining the requisite permissions.
This involves the completing all the regulatory compliances for establishment of a business entity like Branch Offices / Project Offices / Limited Companies / LLP's etc. This covers services like obtaining DIN (Director's Identification Number), Obtaining Name Approvals for the company and completing documentation for obtaining Incorporation Certificate / Certificate for Commencement of Business.
Before a company can start its operations in India, it is obligatory to obtain registrations under various statutes like Income Tax Act, Value Added Tax, Central Excise / Service Tax, Profession Tax, Import Export Code etc. We are in a position to complete the entire process in most hassle-free manner for our clients.
Our business setup services do not stop at the statutory registrations. We can assist businesses in physical services like search of office space, search of suitable land for location of factory / manufacturing plants or even assistance in recruitment of key staff members in the initial stages of the company lifecycle.
Once the business plan and forecasts are in place, MIDAS also assists you in evaluating all possible options for fund raising ranging from Bank Debt, Private Equity or IPO. MIDAS will help you in liaise, negotiate and manage the entire process fund raising till its completion.
Most entrepreneurs find the process of preparing a business plan on their own an overwhelming and tedious task. With professional assistance of MIDAS, you will have the confidence that a professional is working with you to guide you through the business planning process and make it a worthwhile experience rather than a tedious task. Our consultants will assist you in documentation and presentation of business plan of your company.
Forecasting is a method of predicting the financial impact of existing business or new venture of a company. Forecasting also helps the entrepreneur in determining whether or not their proposed business venture or planned expansion is feasible. Secondly, the business forecasting assists a potential INVESTOR in determining whether or not they will or should invest into the business.
In current environment of stiff competition in all the industries, it is very important for the promoters / management to have robust budgetary controls / monitoring systems in all the key areas of operations. We assist companies to develop the budgetary control mechanisms in the company and assist the company in monitoring the actual performance against the pre-set budgets. On-going budget monitoring also helps in forecasting companies operational needs including the working capital requirements and other fund raising plans.
The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning. - Charles Tremper Our Risk Management studies encompass all aspects of your business, including investment, finance and operating decisions. We work with you to analyse the risks that are present in your business, to determine how to best manage them and to customize a plan for your business that will optimize your risk outcomes.
This includes monthly / quarterly management reports as well as reporting required for holding company abroad. We also develop MIS Templates required for management reporting as well as reports required for external agencies. Other services include preparation for financial statements required for consolidation of accounts by holding companies.
Indian Companies Act has laid down the requirement that books of accounts be maintained according to laid down Accounting Standards and has also laid down the format in which the financials are to be prepared. Income Tax Act also provides that methods of accounting are regularly followed so that Income Chargeable under the act may be easily ascertained. SEBI, Indian watch dog for Indian capital markets also requires that certain disclosures in the annual reports and corporate governance requirements.
Our in-house staff is qualified and trained to take care of your on-going accounting work and prepare the annual reports as required under various statutes.
We undertake the tedious and time consuming job of processing monthly payroll of your company. We also take care of all the payroll related statutory compliances like Provident Fund, Withholding tax on Salary etc. We keep regular watch on ever changing personal tax landscape so that company is always on the right side of law. We also assist the company in leave management and reimbursements etc.
While doing business in India, a business establishment is required to navigate fiscal law environment that covers taxes on Manufacturing and Sale of Goods, Rendering of Services, Profits and Wealth. Each of laws have, varied compliance structures for payment of taxes to filing of returns. We at MIDAS understand the fiscal law environment and time it takes a company to fulfil all the requirements. We have dedicated team of trained personnel to fulfil all the legal compliances in the areas of Income / Withholding Taxes, Service Tax and Value Added Taxation. We also undertake compliances under the corporate laws.
Business entities in India are subject to audit under Companies Act as well as under Income Tax Act (Subject to limit specified on turnover / gross professional receipts) as well as under Value Added Tax. Our staff is well trained to compile the voluminous data requirements under the various statutes as well as the due dates for various audits. We assist the company in audit preparation as well as interact pro-actively with auditors in time completion of the audits and related statutory compliances.