Our services

Bansal AV & Associates provides professional assistance across a broad range of services,
but here are some of the prime areas we focus on

Auditing and Assurance
Book Keeping & Accountant Services
Corporate Valuation
Corporate finance, Financial Planning & Budgeting
Taxation & Legal Compliances (International & Indian)
Corporate Secretarial And Advisory Services
Business registrations
Startup services & DPIIT
Forensic investigation of financial matters

Audit and Assurance

In India, the provisions of Auditing are governed by various acts and allied orders/ provisions. Various pronouncements of the ICAI like Auditing standards, Guidance Notes, etc. and other financial bodies, lay down the framework for auditors to discharge an audit assignment. Along with a thorough understanding of the compliance aspect, an Auditor also needs to have a comprehensive understanding of the nature of the business being audited.

Audit and assurance involves preparing financial statements, conducting risk analysis and identifying where systems may be failing and recommending controls.

In India, the provisions of Auditing are governed by various acts and allied orders/ provisions. Various pronouncements of the ICAI like Auditing standards, Guidance Notes, etc. and other financial bodies, lay down the framework for auditors to discharge an audit assignment. Along with a thorough understanding of the compliance aspect, an Auditor also needs to have a comprehensive understanding of the nature of the business being audited.

Audit and assurance involves preparing financial statements, conducting risk analysis and identifying where systems may be failing and recommending controls.

BAV assists organizations to effectively manage business risks by providing a full spectrum of corporate governance; risk management and internal audit services. These services, tailored to meet individual needs, provide effective support to management in meeting the challenges and opportunities presented by today’s complex business environment.

Our services enable you to effectively coordinate your key growth, quality and operational challenges and working in partnership with us, you have the benefits of our experienced, objective and industry-grounded viewpoint.

Bansal AV & Associates’ services enhance corporate governance, manage business risk; provide assurance on control effectiveness and support you in achieving your organization’s objectives.

We have a team of highly professional qualified Chartered Accountants, MBAs, CFAs, Accountants for providing tailor made, value added and focused audit services.

Bansal AV & Associates provide wide range of audit services to include:
  • Statutory Audit
  • Tax Audit
  • Internal & Management Audit
  • Stock & Asset Audit
  • Revenue audit
  • Information System Audit
  • Compliance Audit
  • Concurrent Audit
  • Investigative Audit
  • Due Diligence
  • Forensic Audit
  • Regulatory Compliance

BAV’s audit approach focuses on key business processes rather than on individual business transactions or business units. Our approach results in a broader aThe service involves preparation and maintenance of books of accounts on suitable periodical intervals as per requirements of the client. We maintain the books of accounts online by using software like Tally, Quick-book, Zoho, Xero and other cloud based software’s as per applicable Rules & Regulations. udit scope that examines both financial and operational performance, reduces audit gaps and duplication, facilitates benchmarking, and leverages leading practices. We have leverage of in-depth knowledge of industry-specific business processes along with the most up-to-date benchmarking and leading practice information. BAV have various audit tools and Computer Aided Audit Techniques (CAATs) to enable our teams to capture and deploy knowledge throughout the audit process

Book Keeping & Accountant Services

We are also fully equipped to maintain the books of accounts as per specific business requirements of the client. BAV applies a significant amount of our time to understand the manner and method of business being conducted by the clients and accordingly, on a job-to-job basis, we prepare an accounting system so that in due course of time the client can focus on its core business/professional activities.

Outsourcing Accounting Function has proved to be a very productive strategy for businesses all around the world. Nowadays, to set up inhouse accounts department is a very costly affair as opposed to outsourcing is very economical and efficient.

In India, with our expert Accounting Solutions, We provide end-to-end accounting and bookkeeping services and serve various national/multinational organizations in India. We have experience in providing Accounting Bookkeeping Services, which is directly evident in the quality we deliver. Our emphasis remains on dedicated services, commitment and accountability, which is the reason why our list of clients has grown at a faster pace on a year to year basis.

Our expertise spans multiple business verticals and accounting environments. Based on the specific client requirement, we offer onsite as well as offsite account writing services with flexible engagement models

BAV’s  Services covers all aspects of maintenance of books of accounts including: –

  • Recording of all transactions related to expenses, income, assets & liabilities
  • Preparation of general ledger and subsidiary ledgers
  • Assets accounting and maintenance of fixed assets register
  • Accounts receivables and age-wise reporting to management
  • Accounts payables including overdue liabilities.
  • Bank reconciliation
  • Trial balance
  • Income statement (Profit & Loss)
  • Balance-sheet
  • Cash flow statement
  • Preparation of various reports required for compliance under applicable Rules & Regulations such as GST/TDS etc.
  • Preparation of Annual Financial statements
  • MIS – including Ageing report & summaries
  • Cost Report and Analysis
Benefits of Book Keeping Services provided by BAV Associates:
  • Economical
  • Simultaneous tax compliances
  • Periodical availability of various reports for analysis
  • Infrastructure cost benefit
  • Great Assistance to Statutory Audit
  • Authenticated financial reports

Corporate Valuation

Valuation of shares of companies means the theoretical calculation of the existing price of each share of the company. There are various methods available for the valuation of shares. All methods are subject to the use of estimates and hence involve a certain degree of professional judgement. BAV provides share valuation services and chooses the best fit depending on the type of company and purpose of the valuation

Corporate valuation is the process of determining the economic value of a company or business entity. It is a critical aspect of finance and investment decision-making, as it helps stakeholders understand the worth of a company and its potential for growth and profitability. Corporate valuation is essential in various scenarios, such as mergers and acquisitions, raising capital, financial reporting, and investment analysis.

There are several methods and approaches to corporate valuation, and the choice of method depends on factors such as the company's industry, financial performance, growth prospects, and the purpose of the valuation. Some common valuation methods include:

  • Discounted Cash Flow (DCF) Analysis: This method involves projecting the company's future cash flows and then discounting them back to their present value using an appropriate discount rate. DCF analysis is widely used in corporate valuation as it considers the time value of money and provides a comprehensive view of the company's intrinsic value.
  • Comparable Company Analysis (CCA): CCA involves comparing the financial metrics and valuation multiples of the company being valued to those of similar publicly traded companies in the same industry. The valuation is derived by applying the average or median multiples of the comparable companies to the subject company's financials.
  • Comparable Transaction Analysis (CTA): CTA is similar to CCA but instead compares the transaction multiples (e.g., price-to-earnings ratio, price-to-book value) of recent mergers and acquisitions in the industry. This method is particularly useful when there are recent transactions in the market that can serve as relevant benchmarks.
  • Asset-Based Valuation: This method calculates the value of a company based on its net assets, which includes tangible assets like buildings and equipment, as well as intangible assets like patents and brand value. Asset-based valuation is more suitable for companies with stable or declining earnings.
  • Market Capitalization: For publicly traded companies, market capitalization, which is the total market value of the outstanding shares of the company, serves as a straightforward measure of the company's worth as perceived by investors.
  • Earnings Multiples (Price-to-Earnings Ratio - P/E Ratio): This approach values a company based on its earnings relative to its stock price. It is commonly used for publicly traded companies and compares the company's earnings per share (EPS) to its stock price.
  • Liquidation Value: In certain scenarios, the value of a company is estimated based on the assumption that it will be liquidated. This method considers the value of the company's assets if they were sold off individually.

BAV does a thorough analysis of a company’s financial statements, growth prospects, industry dynamics, competitive landscape, and other relevant factors. It is essential to use multiple valuation methods and cross-check the results to arrive at a reliable and comprehensive valuation estimate. Our valuation process helps stakeholders make informed decisions regarding investments, mergers, acquisitions, or the overall financial health of the company.

Corporate Finance, Financial Planning & Budgeting

BAV’s goal is to use the available resources—primarily financial resources—as strategically as possible. We Help Organizations determine cash requirements, reduce financing expenses, and make forward-looking decisions based on accurate plans. The main areas we provide services in are capital budgeting for investing in company projects, capital financing where we help in deciding how to fund projects/operations), and working capital management where we help in managing assets and liabilities to operate efficiently. In short, BAV focuses on how to maximize the value of the company through its financing and investment decisions, i.e. how to best raise money and use it.

Other services include:
  • Project Financing - Evaluate the various methods of finance and make successful capital investment decisions
  • Asset & fund management - Develop effective corporate financial plans aimed at maximising return and minimising risk, Prepare, manage and control budgets to support the corporate financial plans
  • Identify and manage financial risk effectively
  • Measure and manage performance effectively
  • Personal Financial Planning - Create opportunities for your personal development and increased financial awareness

Taxation & Legal Compliances (International & Indian)

Taxation and legal compliance are the most evolved services provided by BAV, as they are the crucial aspects of business operations, both at the international and Indian levels. Complying with tax laws and legal regulations is essential for businesses to operate ethically, avoid penalties, and ensure long-term sustainability. Here’s an overview of taxation and legal compliance services provided by BAV in both contexts:

International Taxation and Legal Compliance:

  • Double Taxation Treaties: Many countries have entered into bilateral or multilateral double taxation treaties to avoid double taxation of income for businesses operating across borders. These treaties help in reducing tax burdens and provide clarity on tax liabilities in different jurisdictions.
  • Transfer Pricing: For multinational corporations with related party transactions, transfer pricing regulations ensure that transactions between related entities are conducted at arm’s length prices, preventing tax evasion and ensuring fair taxation.
  • Permanent Establishment (PE): International businesses need to be aware of the concept of a permanent establishment, as it determines the tax liability in a foreign country. The presence of a PE may subject the business to taxation in that country.
  • Withholding Taxes: Many countries impose withholding taxes on certain types of payments made to non-resident entities. Understanding and complying with withholding tax regulations is essential to avoid disputes and penalties.
  • Tax Residency Rules: Determining tax residency is critical for individuals and businesses, as it impacts their tax obligations in a specific country.
  • Value Added Tax (VAT) and Goods and Services Tax (GST): Some countries implement VAT or GST systems for the taxation of goods and services. Businesses need to understand these indirect tax systems when operating internationally.

Indian Taxation and Legal Compliance:

  • Income Tax: Companies and individuals in India are subject to income tax on their earnings. Various deductions, exemptions, and tax slabs apply based on the income level and type of entity.
  • Goods and Services Tax (GST): GST is an indirect tax levied on the supply of goods and services in India. It replaced multiple taxes like central excise, service tax, and state-level VAT.
  • Tax Deducted at Source (TDS): TDS requires deducting tax at the source when making certain payments, such as salaries, interest, rent, etc., and remitting it to the government.
  • Goods and Services Tax (GST): GST is an indirect tax levied on the supply of goods and services in India. It replaced multiple taxes like central excise, service tax, and state-level VAT.
  • Goods and Services Tax (GST): GST is an indirect tax levied on the supply of goods and services in India. It replaced multiple taxes like central excise, service tax, and state-level VAT.
  • Labour Laws: Indian businesses must comply with various labor laws, including the Employees’ Provident Fund (EPF) Act, the Employees’ State Insurance (ESI) Act, and the Payment of Gratuity Act.
  • Corporate Laws: Companies in India must adhere to the provisions of the Companies Act, which governs the formation, operation, and dissolution of companies.
  • Foreign Exchange Regulations: Businesses dealing with foreign currencies need to comply with foreign exchange regulations issued by the Reserve Bank of India (RBI).
  • Transfer Pricing: India has transfer pricing regulations to ensure fair pricing in transactions between related parties.
  • Customs Duty and Import-Export Regulations: Businesses involved in import and export activities need to comply with customs duty and other related regulations.

BAV has thorough understanding of international and Indian taxation and legal requirements and their respective laws to serve the client . We do continuous monitoring of changes and updates to keep up. Many businesses seek the assistance of qualified professionals, such as tax advisors, accountants, and legal experts, to ensure proper compliance and mitigate risks.

BAV provides services in :
  • Corporate Tax Advisory
  • International tax planning
  • Tax compliance
  • Tax representation and Litigation
  • Domestic Tax Planning
  • Goods and Services Tax
  • Transfer Pricing
  • FEMA Compliances
  • FCRA Compliances
  • Central Excise Act
  • Custom Act

Corporate Secretarial And Advisory Services

Corporate secretarial and advisory services are essential components of corporate governance and management. BAV’s services aim to ensure that a company complies with all legal and regulatory requirements while maintaining effective administration and decision-making processes. Here’s an overview of corporate secretarial and advisory services we provide:

Corporate Secretarial Services:

  • Company FormatioCustom Actn and Registration: BAV  Assists with the incorporation of new companies, including the preparation of necessary documentation and filings with the relevant authorities.
  • Corporate Governance: We Advise on best practices for corporate governance, ensuring compliance with company laws, and facilitating board meetings and annual general meetings.
  • Statutory Compliance: BAV Ensures the company meets all statutory requirements, such as filing of annual returns, maintenance of statutory registers, and submission of necessary reports to regulatory bodies.
  • Board Support: We Provide support to the board of directors, including preparing board meeting agendas, minutes, and resolutions, and keeping directors informed of their legal responsibilities.
  • Shareholder Services: We manage share transfers, issuance of new shares, and maintaining shareholder records, as well as handling dividend payments and shareholder communications.
  • Regulatory Filings: BAV Ensures timely and accurate filing of various forms, returns, and documents with the appropriate government agencies.
  • Amendments and Changes: we  Assist with changes in company structure, such as alterations to the company’s memorandum and articles of association or share capital.

Corporate Advisory Services:

  • Mergers and Acquisitions (M&A): BAV Provides advisory services during M&A transactions, including due diligence, negotiation support, and post-merger integration.
  • Restructuring and Reorganization: We assist with corporate restructuring, demergers, and business reorganization to optimize operational efficiency and financial performance.
  • Capital Raising and Financing: BAV Advice on fundraising strategies, debt and equity financing, and identifying suitable sources of capital for business expansion.
  • Risk Management: We Evaluate and mitigate business risks by implementing risk management frameworks and conducting risk assessments.
  • Financial Planning and Analysis: BAV Assists with financial planning, budgeting, and forecasting to support informed decision-making.
  • Business Valuation: We conduct business valuations to determine the company’s worth for various purposes, such as mergers, acquisitions, or equity transactions.
  • Market Entry Strategies: We Provide guidance on market entry strategies for expansion into new geographic markets.
  • Compliance and Regulatory Advisory: we help in Keeping businesses informed about changes in laws and regulations that may impact their operations and ensuring compliance with regulatory requirements.
  • Strategic Planning: We assist with the development of long-term strategic plans to achieve business objectives and drive growth.
  • International Expansion: We advise on international business expansion, including setting up foreign subsidiaries, navigating foreign tax laws, and managing cross-border operations.

Corporate secretarial and advisory services help companies streamline their operations, maintain compliance, and make informed strategic decisions. Engaging professional firms for these services can provide businesses with expert guidance and support in managing their legal and financial responsibilities effectively.

Other than that BAV provides :
  • Incorporation & Legal Standing
  • Post Incorporation Compliances
  • Retainership Services
  • Secretarial Audit & Due Diligence

StartUp Services & DPIIT (Department for Promotion of Industry and Internal Trade) Registration

We help Startups to get recognition under DPIIT, so that they can gain many benefits, such as access to a host of tax benefits, IPR fast-tracking, easier compliance, and many more.
BAV’s main objective here is to reduce the regulatory burden on the startups and to help them expand their core business with low-cost compliance.

Process of Startup India Portal Registration

01

Register as a startup

The Business you have incorporated must be registered as a startup which is done online through startup india website

Register as a startup

02

The Business you have incorporated must be registered as a startup which is done online through startup india website

Register as a startup

03

The Business you have incorporated must be registered as a startup which is done online through startup india website

Register as a startup

04

The Business you have incorporated must be registered as a startup which is done online through startup india website

BAV helps Startups to take Advantages of Startup India Program like

  1. Exemption from Tax
  2. self certification
  3. rebate in trademark and patent filing fees
  4. fast exit

Documents required for Startup India Portal Registration

  • Certificate of Incorporation
  • MOA & AOA (in case of company)/Partnership deed (in case of LLP/Partnership firm)
  • List of Directors/ Designated Partners
  • Contact details of Directors/Partners
  • Information related to Awards/certificates (if received by entity)
  • Details related to amount of investment & investors.
  • Details of Intellectual Property Rights Registration
  • Website Link/Mobile App Link
  • Udyam Registration/MSME Registration
  • Business Plan & Growth Plan

Business registrations

BAV Associates provide the niche services in Business registration. It is the process by which a business formally establishes itself as a legal entity, recognized by the government and authorized to operate in a specific jurisdiction. Registering a business is a fundamental step in ensuring compliance with local, state, and federal laws and regulations. The specific requirements and steps for business registration can vary depending on the type of business structure and the jurisdiction in which the business operates. Here are some common types of business registrations:

  • Sole Proprietorship Registration: In many regions, you may not need to register a sole proprietorship formally. However, you may be required to obtain a business license or permits, depending on your location and the nature of your business.
  • Partnership Registration: Partnerships should typically register with the appropriate government authorities. This often involves filing partnership agreements and obtaining necessary licenses and permits.
  • Limited Liability Company/Partnership (LLC/LLP) Registration: To form an LLC, you usually need to file articles of organization or a similar document with the state’s Secretary of State or equivalent agency. You may also need to obtain an Director Identification Number (DIN) .
  • Private Corporates/ One person Company (OPC): Corporations are registered by filing articles of incorporation with the state’s Registrar of State.
  • Nonprofit Organization Registration: Nonprofits must file for tax-exempt status with the IRS by submitting Form 1023 or 1023-EZ.
  • They may also need to register with state authorities, obtain permits, and comply with regulations specific to nonprofit organizations.
  • Professional Corporation or Limited Liability Partnership (LLP) Registration: Professionals such as doctors, lawyers, and accountants often need to register their businesses as professional corporations or LLPs, depending on their jurisdiction’s requirements.
  • Foreign Business Registration: If your business operates in a state or country other than where it was initially registered, you may need to register as a foreign entity in that jurisdiction.
  • Trademark and Intellectual Property Registration: If your business has unique names, logos, or products, you may want to consider trademark or copyright registration to protect your intellectual property.
  • Goods & Service Tax (GST)/ Sales Tax Permits: Businesses that sell physical goods or certain services may need to obtain a sales tax permit to collect and remit sales tax to the appropriate tax authorities.
  • Business Licenses and Permits: Depending on your location and industry, you may need various business licenses and permits to operate legally. These can include health permits, building permits, and more.
  • It’s important to research and understand the specific registration requirements in your jurisdiction and industry. Non-compliance with registration and licensing requirements can result in legal penalties and fines, so it’s crucial to ensure your business is properly registered and in compliance with all applicable regulations. Consulting with legal and financial professionals can be beneficial when navigating the complexities of business registration.

Forensic Investigation Of Financial Matters

Forensic accounting utilizes accounting, auditing, and investigative skills to examine the finances of an individual or business. Forensic accountants analyze financial records and accounts that may be used as legal evidence and often testify in court cases as expert witnesses. They may work on cases such as fraud and embezzlement and explain the nature of a financial crime in court. Forensic accountants may investigate construction claims, expropriations, product liability claims, or trademark or patent infringements or determine the economic results of the breach of a nondisclosure or non-compete agreement. Forensic accounting is routinely used by the insurance industry. A forensic accountant may be asked to quantify the economic damages arising from a vehicle accident or a case of medical malpractice or other claims. One of the concerns about taking a forensic accounting approach to insurance claims as opposed to an adjuster approach is that forensic accounting is mainly concerned with historical data and may miss relevant current information that changes the assumptions around the claim

BAV Associates provide Forensic investigation of financial matters. it is a specialized service that involves the examination of financial records and transactions to uncover evidence of fraud, financial misconduct, or other irregularities. In our team, we have financial investigators who have expertise in accounting, auditing, and investigative techniques to carry out investigations with ease. 

We define the scope and objectives of the investigation, and develop a plan outlining the investigative approach, timeline, and resources required at the outset.

Our Investigators gather financial documents and records, including bank statements, tax returns, invoices, ledgers, and any other relevant financial information. Electronic data may also be collected, such as emails, database records, and transaction logs.

After that our forensic accountants analyze the collected data to identify irregularities or anomalies.

We use financial analysis techniques to trace funds, detect hidden assets, and identify patterns of suspicious financial activity. Witnesses, employees, and individuals involved in the financial transactions are interviewed to gather information and gain insights into the case. In some cases, formal interrogations may be conducted.

After that we review contracts, agreements, and other legal documents to understand the financial transactions in question. Our Team uses their expertise to detect signs of fraud, embezzlement, money laundering, or other financial crimes.

We use specialized software and techniques to identify fraudulent transactions. Investigators then determine the extent of financial losses or damages incurred as a result of the misconduct.

Report Preparation: A detailed report summarizing the findings, evidence, and conclusions is prepared. This report is often used in legal proceedings.

Legal Proceedings: If criminal activity is identified, the case may be referred to law enforcement for prosecution. In civil cases, the findings of the forensic investigation can be used as evidence in lawsuits.

Preventive Measures: After the investigation is complete, recommendations may be made to prevent similar financial misconduct in the future. This could involve implementing stronger internal controls, improved accounting procedures, or employee training.

Forensic investigations of financial matters are critical in uncovering financial fraud, ensuring accountability, and protecting the interests of individuals and organizations. We have a combination of financial expertise, investigative skills, and we adhere to legal and ethical standards.

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