INSOLVENCY PROFESSIONAL SERVICES

Insolvency Professional is to assess the financial position of the company, partnership, LLPs, individual etc and to ensure smooth process of its dissolution. These professionals, in certain possible cases look for opportunities to rescue businesses. Otherwise the main functions of an Insolvency Professional are:

• Analyze the financial statement of the company and understand the position.
• Make arrangements to sell all the assets of the liquidating Individual or company.
• Understand the receivables position of the company/ Individual and look after the collection process.
• Conduct formal discussions with debtors/creditors and manage their settlement process.
• Check and agree on the creditors’ claims as per the available funds. This is one of the main duties of Insolvency professionals.
• Involve in the fund distribution process after setting aside money required to pay the cost of liquidation.
• Deal with the other competing interest, if any.
• Insolvency professionals are required to prepare and submit report to the National Company Law Tribunal

BUSINESS VALUATION SERVICES

To determine fair value of business IPO, FPO, ESOP, Merger and Amalgamation Exchange ratio, Takeover issue, intangible Assets, startups, Stressed assets, Valuation of Current assets including Inventories, Book Debts, Valuation under Companies Act, Insolvency & Bankruptcy Code. Addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and many other business and legal purposes such as in shareholders deadlock, divorce litigation and estate contest. In some cases, the court would appoint a forensic accountant as the joint expert doing the business valuation.

To determine fair value of business IPO, FPO, ESOP, Merger and Amalgamation Exchange ratio, Takeover issue, Intangible assets, startups, Stressed assets, Valuation of Current assets including Inventories, Book Debts, Valuation under Companies Act, Insolvency & Bankruptcy Code.

CORPORATE TAXATION ADVISORY SERVICES

The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other

Truly speaking, in the modern world, taxation is used as an instrument of economic policy. It affects the total volume of production, consumption, investment, choice of industrial location and techniques, balance of payments, distribution of income, etc.

Here we will discuss the objectives of taxation in modern public finance:

1. Economic Development
2. Full Employment
3. Price Stability
4. Control of Cyclical Fluctuations
5. Reduction of BOP Difficulties
6. Non-Revenue Objective

COMPANY LAW ADVISORY SERVICES

Corporate law deals with the formation and operations ofcorporations and is related to commercial and contract law.

We at S.K. BATHWAL & COMPANY specialize in various Corporate Laws advisory, compliance related and Due Diligence Services:

• Incorporation of Private, Public, Section 8 Company(Companies with Charitable Objects) and Limited Liability Partnerships (LLPs).
• Keeping records of and assistance for preparation of Secretarial and Statutory / Non-statutory records including Statutory Registers.
• Preparation and Alteration Of Memorandum of Association (MOA) and Articles Of Association (AOA).
• Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC) for directors and professionals.
• Procedure for Issue of Preferential Shares / Private Placement.
• Holding various meetings including Board, General /Annual General, Class Meetings, Committee Meetings.
• Conversion of Private into Public Company and Vice versa as well as Conversion of LLP into Company and Vice versa.
• Procedures for Increase, consolidation, subdivision &reduction of Share Capital.
• Procedure for passing resolutions by postal ballot & providing scrutinizers’ report.
• Procedures for Appointment / resignation / removal of Auditors.
• Procedures for Alteration of name, Capital Clause and Object Clause of Memorandum of Association of a Company.
• Liaison with the offices of Registrar of Companies (ROC),Regional Director (RD), National Company Law Tribunal(NCLT), Ministry of Corporate Affairs (MCA), SEBI, Stock Exchanges for obtaining various regulatory approvals and stamp duty adjudication matters.
• Representation of companies before National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT).

PROJECT FINANCING ASSISTANCE

Project finance is the long-term of and industrial projects based upon the of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of investors, known as ‘sponsors’, ‘syndicate’ of or other lending institutions that provide to the operation. They are most commonly, which are by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by us.

The financing is typically secured by all of the project assets,including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms.

BUSINESS PLANNING AND STRATEGY

Strategic Business Planning is a high-level management process undertaken to identify and approve the framework,vision, long-term goals, directions, and objectives of a business company in order to ensure that this company is appropriately positioned considering its marketing capabilities, technological advantages and available resources. It serves as a foundation for the development of tactical plans and solutions to achieve desired entrepreneurial intentions and commercial benefits.

The process of strategic business planning is intended to accomplish the following key objectives:

• Provide a framework of tactical business decisions and approvals.
• Explain the business to people involved in business implementation order to inform and motivate.
• Stimulate change management and become a building block for further business planning and development.
• Assist business bench marking & performance monitoring.