International Taxation

International Taxation – Our firm provides advise on International Taxation Treaties and International Taxation of Multinational Corporations (MC) for cross-border Transactions and is in the field of providing advise on International Taxation

International Taxation is a subject of study that deals with international tax treaties and international aspects of domestic income tax laws. Multi-national corporations usually employ international tax specialists to decrease their worldwide tax liabilities. International taxation is a specialty among both lawyers and accountants.

Accounts Outsourcing

Accounts Outsourcing – Wherever International Company requires any Accounting work to be done by an Indian Professional Firm, our firm can prepare the Accounts of the International Company in India and send back accounts to the International company after preparing them.

The quality service provides you with an accounting function, which is appropriate to your needs, to give you up to date relevant information and advice as you move forward.

We have considerable experience in the implementation of computerised accounting systems and the training of accounts staff.

We also have access to specialists within the firm.

You will receive a totally personal service with a full-time dedicated person, supervised by a Chartered Accountant.

We will ensure your deadlines with H M Customs and Excise and the Inland Revenue are met.

We will produce monthly management accounts and compare them with budget to enable you to measure and control your business.

We will ensure the statutory accounts are prepared in accordance with the Companies Act and in accordance with current accounting standards.

We will prepare supporting documentation and liase with your auditors.

In addition to our personnel and technical resources, we are committed to using information technology to the full.

Vk Verma & Company, Chartered Accountants is a leading source for accounts outsourcing companies, service providers, freelancers and consultants and the latest accounts outsourcing news and events. We maintain one of the largest global databases of accounts outsourcing experts and accounts outsourcing projects on the web. Please visit Vk Verma & Company, Chartered Accountants for more information.

Liaison Office/Branch Office

• Liaison Office/Branch Office - Our firm provide services in obtaining the permission from the Reserve Bank of India and the Government of India for establishment of Liaison Office and Branch Office for Foreign Companies in India under the Foreign Exchange Management Act.

Indian Subsidiary

• Indian Subsidiary – Our company provide services to International Companies in establishing 100% Indian Subsidiary by obtaining the necessary permission under Foreign Exchange Management Act. Our firm also provides services relating to incorporation of Indian Companies with the Registrar of Companies in India.

• A subsidiary, in business, is a person which is controlled by another person. The controlled person is called a company, Corporation, or Limited Liability Company, and the controlling person is called its parent (or the parent company). The reason for this distinction is that an individual cannot be a subsidiary of any organization, only a person representing a legal fiction as a separate person can be a subsidiary. This is because individuals have the capacity to act on their own initiative; a business entity can only act through its directors, officers and employees.

Reasons why a company may have subsidiaries

The following are common reasons why companies have subsidiaries, but no list can ever be exhaustive.

* Risk: Many businesses use subsidiaries to manage risk. This is achieved usually by setting up a subsidiary corporation to undertake the higher risk venture. If that venture subsequently become subject to litigation or liability, legally the subsidiary corporation would be liable and not the parent (unless the parent made guarantees, in which case the parent is liable for the guarantees it made).

* Acquisition: When one company acquires another, the one acquired becomes a subsidiary of the acquiring company.

* Regulation: Law may require a company to conduct certain activities through a distinct entity. Examples include banking or the operation of utilities such as electricity or telecommunications. As subsidiaries are distinct legal entities, this ensures full disclosure of the financial results of these businesses and insulates them from the other activities of their group.

* Territoriality: A group, particularly a multinational one, may create subsidiaries in many jurisdictions simply to prevent someone else doing so to the confusion of their customers.

* Taxation: Taxation is still largely conducted on national lines. Multinational businesses may therefore establish subsidiaries in each jurisdiction to bring together all their activities in that jurisdiction.

Government Approval

Merger and Acquisition

Merger and Acquisition – Our firm also specialize in carrying out Merger/Acquisition between companies. Our firms also helps in locating Partner for merger and acquisition.