You Focus on Idea, We Focus on Figures!

Quick Brief

We are a multi-disciplinary Business Advisory firm

We have the best Chartered Accountants,

The best Marketing Experts, and

The best of HR Strategist on board.

And that is why we say:

You Focus on Idea, We Focus on Figures!

Core Team

Finance

• Accounting Shared Services

• Legal and Statutory Compliance

• Taxation Services

• Registrations Services

Marketing

• Digital Marketing Strategy

• Social Media Management

• Website & App Design & Develop

• Branding- Offline and Online

HR

• HR Policy Framework & Design

• HR Audit

• Competency Mapping

• Capability Building Techniques

• Cultural Mapping and Employee

Assessment

Services offered

Why partner with SRESHTA GLOBAL?

• Access to qualified and experienced Chartered Accountants, Marketing Experts

& HR Strategists

• Quick implementation time

• Assured DATA SECURITY and confidentiality

• Data Driven Deliverables

• Startup Friendly

• Huge savings on COST

• High service quality guaranteed

Our Work

• Business Model

• Financial Projections & Legal Compliance

• Received funding from Kalaari Capital in

July 2016

Indirect taxes (VAT)

Income Tax consultants for

Top Management

Audit

Project Report and Funding

#FitTheStartupPocket

Hire an Expert

at the cost of a

Fresher

• Is a business strategy of hiring an expert to handle a portion or all of the accounting functions necessary to keep the business operational.

• Includes managing

• Accounts Receivable & Payable,

• Payroll

• Taxes

• Data Entry/Billing/Invoicing, etc.,

What is Accounts Outsourcing?

Why “Outsource”?

1. Save Time, Money and Energy on Hiring/ Training/Retaining Accountants

2. Helps you focus on core business functions like Product Development, Technology, Sales & Marketing, R&D, etc.,

3. Experts/ Specialized Teams to execute work

4. Quick Implementation of Process

5. Abreast with latest laws and policies

6. Helps you manage limited resources in your organization

7. Avoid paying full time Salary and other employee benefits

Partial Onsite Resource: (Range:INR.10,000 to 15,000 pm)

i. Dedicated resource stationed at SG-Head office and weekly/need based visits to client location

Onsite Resource: (Range: INR.25,000-40,000 pm)

i. Dedicated resource at Client location, supervision from senior team of CA from SG- Head office

Remote Resource: (Range: INR.8000 to 15,000 pm)

i. Dedicated resource handling company accounts stationed at SG Head office

Outsourcing Style & Pricing

Scope of Services

5 STEP PROCESS

Appointment of Auditor(E-form ADT-1)

* First Statutory Auditor has to be appointed within 30 days of incorporation in first board meeting* Subsequent auditors will be appointed for 5 years in AGM.

Form ADT-1 is filed for 5-year appointment. After that every year in AGM, Shareholder ratify the Auditor but there is no need to file ADT-1.

Holding Board Meeting * First meeting within 30 days of incorporation* Minimum 2 meetings, one in each half calendar year.

Minimum gap of 90 days is required between 2 meetings (ignore if more than 2 meetings held during the year)

Holding Annual General Meeting(AGM)

One AGM Maximum gap of 15 months between 2 AGMs

Mandatory Compliances for a Pvt. Ltd. Co.

Note:

• The checklist is applicable for private limited companies, particularly Small Companies with

paid up capital of up to Rs.50Lakh or having annual turnover in last year below Rs. 2Cr.

• Non-compliance can attract penalties and may also bring an end to business in extreme cases.

• Payment of periodic dues

(VAT liability, Service Tax Liability, TDS payment)

• Filing of periodic returns –• Monthly/Quarterly VAT Returns

• Half Yearly Service Tax Returns

• Quarterly TDS Returns

• Assessment of advance tax liability and payment of advance tax periodically

• Filing of Income Tax Returns

• Filing of Tax Audit Report

• Regulatory Assessment of business under different acts of law (Eg. Environment and Protection Act, Money Laundering Act, Competition Act, Factory Act etc.)

Mandatory Compliances for a Pvt. Ltd. Co.

Hybrid of Corporate & Partnership business Form.

Limits liability of partners to the extent of their contribution.

Provides flexibility without imposing detailed (and costly) legal and procedural requirements.

The organization and operations are on the basis of an mutual agreement.

AS PER LLP Act 2008 and LLP Rule:

Periodic Compliance requirements:

1. Must maintain books of account: (Either on cash basis or accrual basis)

2. Annual Compliance Requirements

If annual turnover of less than 5 crore rupees, or capital contribution of less than 50 lakh rupees the annual return must be accompanied by certificate from a designated partner.

Annual turnover crosses 5 crore rupees or capital contribution above 50 lakh rupees the annual return must be accompanied with a certificate from a practicing Company Secretary.

Limited Liability Partnership (LLP)

3. Requirement of Audit:An audit is not required for an LLP (unless the partners willingly decide to carry it out) if all of the following requirements are met:a) its turnover does not exceed 40 lakh rupees,b) the capital contribution of the partners does not exceed 25 lakh rupees.

In all other instances, an audit must be conducted by a Chartered Accountant.

• The auditor must be appointed:At least 30 days before the end of each financial year of the LLP

• The auditor will hold office in accordance with the terms of employment until new auditors are appointed or they are re-appointed.

Limited Liability Partnership (LLP)

#FitTheStartupPocket

#FitTheStartupPocket

Some more Clients

THANK YOU!

Kumail Kirmani

+91-9916578655

kumail@sreshtaglobal.com

Sreshta Business Finance Advisory LLP

#88, 2nd floor, Coles Road, Frazer Town, Bangalore- 560005

080 65460001 www.sreshtaglobal.com