Compliance Management Services

Internal Financial Controls

Internal Financial Controls (IFC) play a vital role in ensuring the efficient and orderly conduct of business operations.

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At Nangia & Co, we specialize in Internal Financial Controls services, helping clients document their IFC framework and independently conduct annual testing. We also review the existing IFC documentation, including the Risk Control Matrix, and suggest operational improvements. Our team assists in implementing new processes or enhancing existing ones to ensure robust financial controls.

These controls include policies and procedures designed to achieve regulatory compliance and prevent fraud and errors, encompassing both financial reporting—known as Internal Controls over Financial Reporting (ICOFR)—and operational controls across the organization.

The Companies Act, 2013 (the “2013 Act”) has imposed specific responsibilities on the Board of Directors (“Board”) towards the company’s internal financial controls and, inter alia, requires the Board to state that they have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and are operating effectively. By placing more accountability and responsibility on the Board and Audit Committee with respect to internal financial controls, the 2013 Act attempts to align the corporate governance and financial reporting standards with global best practices.

With adequate and effective internal financial controls, some of the benefits that the companies are experiencing include:

Enhanced senior management accountability.
Improved investor confidence in business operations and financial reporting.
Promoting transparent and open culture within the entity.
Bringing accountability at operational management level.
Accurate and reliable financial statements.
Improvements in Board, Audit Committee and senior management engagement in financial reporting and financial controls.

Our IFC service team consists of experienced Chartered Accountants, MBAs, and Process/IT system experts, making us a trusted partner for companies looking to strengthen their internal financial controls.

Direct Tax and Regulatory

Our firm provides comprehensive Corporate Tax services aligned with Indian Income Tax Laws, helping businesses identify tax planning opportunities, minimize tax liabilities, and optimize outcomes through business reorganizations.

In the area of International Tax, our team delivers integrated tax solutions for multinational enterprises, addressing cross-border expansion, transaction flows, group restructuring and more. We specialize in structuring outbound and inbound transactions, managing cross-border financing, dividend repatriation, and ensuring efficiency in supply chains, while also offering expert support in international tax dispute resolution.

Our Regulatory Advisory services cover Exchange Control (FEMA & FDI Policy), entity setup and liquidation, and obtaining statutory registrations and operational licenses. We provide company secretarial support and help clients secure central and state incentives like PLI, SPECS, and M-SIPS, along with drafting corporate policies and legal agreements to ensure compliance.

In Representation & Litigation Support, our experts offer end-to-end services, representing clients before Indian tax authorities, appellate forums, and courts, ensuring effective resolution of disputes and support in Advance Rulings.

Transfer Pricing

Our Transfer Pricing services support Indian and multinational corporations in developing and implementing robust, economically sound transfer pricing policies and documentation. We offer comprehensive strategies to manage complex transfer pricing issues arising from inter-company transactions involving goods, services, and intangibles. Our services include Transfer Pricing Compliance with Three-Tier Documentation, Transfer Pricing Planning and Supply Chain Restructuring, and Litigation Support for managing transfer pricing disputes. We assist with Advance Pricing Arrangements (APA), Mutual Agreement Procedures (MAP), FIN 48, and Transfer Pricing Valuation Services. We also help realign existing transfer pricing documentation in line with BEPS requirements.

GST, Indirect Taxes, Customs & Foreign trade policy

We provide a comprehensive range of indirect tax services across multiple sectors, assisting multinational and domestic clients with indirect tax optimization strategies. Our team of indirect tax experts with deep industry knowledge offer sector-focused expertise, providing litigation support, representation before judicial authorities, advance rulings, anti-profiteering studies, due diligence, refund processing, tax health checks, credit reviews, and audit support. Our experts stay updated on tax policy changes, identifying risks and opportunities to deliver innovative solutions under GST, Foreign Trade Policy, Customs Act, and more.

Global Mobility Services

We provide comprehensive Global Mobility Services to multinational corporations, assisting in the mobilization of expatriate employees and ensuring compliance with Indian tax and social security laws. Our offerings include advisory on assignment structures, planning for employee assignments before arrival in India, and ongoing support throughout their stay. We address BEPS and PE risks, assist with secondment agreements, advise on tax-friendly compensation and ESOP structures, and guide on tax exemptions and foreign tax credits. We also offer immigration support, compliance with tax and social security regulations, and litigation services in case of audits or disputes with tax authorities.

 Private Client Services and Family Offices

Preservation and maximizing personal and family wealth involve various tangents such as personal aspirations, family dynamics and other socio-economic factors. All this warrants a distinct approach and bespoke and tailored solutions of trusted advisors.

Our firm has a strong focus on Private Client Services, offering deep insights into the unique needs of promoters and entrepreneurs. With years of experience, we act as trusted advisors, guiding clients through the complexities of their personal and business life cycles. We assist with family offices, succession planning, aligning group structures for value consolidation, and facilitating investment enablement. Our services also include planning for family assets, residential status and other specialized needs.