Compliance Services



The most dreaded and the most complicated thing about business is compliance to tax laws. If not handled properly, these can be one of biggest obstacles to growth. A business operating out of India has to comply with various tax laws depending on the geographical location and constitution of the firm.CFO Services give services like tax accounting services, accounts outsourcing in Mumbai, chartered accountancy in India, business plan consulting in Mumbai etc.

Filing of Tax returns

We at CFO would educate & help you in various compliances & filing of regular Returns with the tax department.CFO services would help you in setting systems which in turn would assist you in compiling data & generating reports which have to be periodically submitted to the tax department.

Litigation and Advisory services

CFO services shall also advise on matters relating to assessment proceedings & litigation with the tax department.

Start Up Services

If you plan to carry out your business in a corporate form, the three options you have is either to form a public limited company / Limited Liability Partnership (LLP)/ private limited company. CFO services will help you right from getting approval for the name of your corporate to completing all the formalities in formation of the same.

Criteria Limited Liability Partnership (LLP) Private Limited Company
Least amount -members 2 Persons 2 Persons
Highest amount - Members Unlimited 50 members
Legal Entity LLP has separate Legal
entity other than its partners and Designated Partners and can operate like a legal person
Company has separate Legal
entity other than its shareholders and Directors and can operate like a legal person
Possession of organization Possession lies with the Partners of LLP Possession lies with shareholders
Possession of Property Possession lies with LLP Possession lies with Company
Transferability of Possession Possession is changeable as per LLP agreement Possession is easily changeable, as shares of Company are freely transferable
Management Managed by the Partners as per LLP agreement Managed by the Directors elected / appointed by
members of company
Liability The liability of partners are Limited to the contribution as per LLP agreement The liability of members are Limited to the share taken and does not extend to personal property
Creditworthiness Due to Compliances &
disclosures under LLP Act and other laws, LLP enjoys high degree of
Due to Stringent Compliances &
disclosures under various laws,
companies enjoys high degree of creditworthiness
Continuity of Business LLP has Perpetual
Succession, death or insolvency
of partner does not affect its
Company has Perpetual
Succession, death or insolvency
of members does not affect its
Dissolution/Winding up LLP can be wound up as per
procedures laid down in LLP Act
Company can be dissolved as per Companies Act

CFO services shall further assist in all compliances required under the Company Law / LLP Act, which includes maintaining statutory registers & minute books to filing regular returns and financial statements with the Registrar of Companies.

CFO services shall also advice on various formalities and procedures which are to be followed in conduct of business as per the existing laws.

Foreign Exchange Management Act (FEMA) Compliance

Any money coming into India or going out of India requires compliance of rules governed by Reserve Bank of India (RBI).

We offer Services to NRIs & foreign companies to invest in India by meeting their RBI compliances. Also, we provide them information on investments which can come in through automatic route, investments which require RBI confirmation & investments which are prohibited, for e.g. gambling and betting, lottery business, atomic energy, agriculture sector. We also help in meeting their FEMA requirements which they need to comply with.

Securities Exchange Board of India (SEBI) Compliances

SEBI is the governing body of Indian capital market. Any company wanting to access the capital market for raising money has to comply with the rules and regulations of SEBI. Here at CFO services, we provide services to companies planning to come out with an IPO or an FPO. We help them meet requirements of the regulator & Stock Exchanges. CFO Services also provide services to the listed companies in meeting their compliance with Stock Exchanges including filling their quarterly and annual results as per Listing Agreement.

Boot Strapping

The one thing that most new companies (start-up's) lack is financial resources. But through efficient utilization of the available resources they can use the same limited resources to give maximum out-put. This is known BOOT STRAPPING –using the limited resources to give optimum yield. Many researchers have pointed that boot strapping provides an impetus to the ultimate growth of the company.

Strategies for Boot Strapping:
  • Acquiring low cost office space
  • Outsourcing wherever possible
  • Upholding high Quality people