Compliances

Ensuring Your Business Stays Legally Compliant

Welcome to The Finance Solutions, where we specialize in providing comprehensive compliance services tailored to your business’s unique needs. As a trusted team of experienced Chartered Accountants, we are committed to helping businesses in India navigate the complex maze of regulatory and statutory requirements. Ensuring compliance with Indian laws is not just a legal obligation but also a key driver for building credibility and fostering business growth. Our goal is to take the burden of compliance off your shoulders so that you can focus on growing and expanding your business.

What Are Compliances?

Compliance refers to adhering to the legal, regulatory, and tax obligations imposed by the Indian government and other relevant authorities. Businesses, regardless of their size or industry, must follow specific laws to ensure that they operate smoothly and avoid legal complications. These obligations include everything from tax filing and financial reporting to employee benefits and environmental regulations.

In India, businesses are required to comply with various laws and regulations, including the Companies Act, 2013, Goods and Services Tax (GST), Income Tax Act, Labour Laws, and among others. Failing to comply with these regulations can result in hefty penalties, legal issues, and reputational damage.

Our Compliances Services

At The Finance Solutions, we understand that keeping track of these numerous obligations can be challenging. As Chartered Accountants, we provide expert services in managing all aspects of compliance to ensure your business meets all legal requirements. Here’s how we help:

1. Corporate Compliance

We assist businesses with the various statutory requirements under the Companies Act, 2013 and other corporate laws. Our corporate compliance services include:

Registration and Filings
We handle the registration process for new businesses, including the filing of annual returns, appointment of directors, and updates on shareholding patterns.
Maintaining Statutory Records
Ensuring the proper maintenance of statutory records like minutes of meetings, board resolutions, and other company documents.
Compliance with Financial Reporting
We help prepare and submit annual financial statements that comply with Indian Accounting Standards (Ind AS) and applicable reporting regulations.
Board Meeting Compliance
We assist in organizing and documenting the minutes of the board and annual general meetings (AGMs), ensuring adherence to corporate governance practices.

2. Tax Compliance Services

Tax compliance is a critical area where our expertise shines. We help businesses comply with India’s tax laws, including Income Tax and GST regulations. Our tax compliance services include:

Income Tax Filings and Advisory
We prepare and file income tax returns for your business and ensure all applicable deductions and exemptions are claimed, helping minimize tax liability.
GST Registration and Returns
We assist with GST registration, timely filing of GST returns, and ensuring that you comply with the latest GST laws and regulations.
Tax Audits
We conduct tax audits for businesses to ensure compliance with Income Tax laws, and identify areas for tax planning and optimization.
Transfer Pricing Compliance
We provide transfer pricing services to ensure compliance with Indian tax laws regarding cross-border transactions and international trade.

3. Labour and Employment Law Compliance

Businesses in India are also required to comply with various labour and employment laws. We help ensure that your business complies with the following:

EPF (Employees’ Provident Fund)
We assist in ensuring that your business is compliant with the Employees’ Provident Fund and Miscellaneous Provisions Act, including the filing of monthly returns and contributions.
ESI (Employee State Insurance)
Our team ensures that your business adheres to the Employee State Insurance Act, including timely payments, filings, and audits.

4. Filing of Annual Returns and Financial Statements

All businesses must file annual returns and financial statements with the appropriate regulatory bodies. Our services ensure that these documents are prepared and filed accurately and on time:

Annual Return Filing
We handle the filing of the company’s annual return with the Registrar of Companies (ROC), ensuring that all legal obligations are met.
Financial Statement Preparation
We help prepare audited financial statements that meet Indian Accounting Standards (Ind AS) requirements, ensuring transparency and compliance with Indian tax laws.

5. Other Regulatory Compliances

Businesses must adhere to various industry-specific regulations and policies. Some of these include:

FEMA (Foreign Exchange Management Act) Compliance
For businesses with foreign investment or transactions, we help ensure compliance with FEMA and other related regulations.
RERA (Real Estate Regulation Act) Compliance
For businesses in the real estate sector, we provide guidance on RERA compliance, ensuring that all real estate transactions meet legal standards.