Expert Services

Partners of P N D J & Associates LLP specialise in the financial services industry and have a rich experience of advising financial services industry participants from a legal, tax and regulatory perspective. Thus, we have an end to end solutions for different financial services industry participants.

For Offshore Funds

Offshore fund structuring and set up:
Service Offerings
  • Advising on jurisdictions and fund structures to make investments into India.
  • Advising on different routes of making investments into India.
  • Advising on tax and regulatory implications of making investments into India from a particular jurisdiction basis route of investment so advised.
  • Assisting the fund in obtaining the required licences/ registrations from the Securities and Exchange Board of India/ Reserve Bank of India.
  • Drafting / review of the fund documents from an Indian tax and regulatory perspective.
  • Advising investors into the fund from an Indian tax and regulatory perspective with respect to the income arising from their investment into the fund.
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For Alternative Investment Funds

Structuring and set up:
Service Offerings
  • Advising on the structure of an Alternative Investment Fund in light of the applicable regulations of the Securities and Exchange Board of India, Foreign Direct Investment Policy, provisions of the Foreign Exchange Management Act, 1999 and the provisions of the Income-tax Act, 1961.
  • Basis structure so finalized from a tax and regulatory perspective:
    • Assistance in preparation of fund documents, being:
      • Trust deed.
      • Private placement memorandum.
      • Investment management agreement.
      • Capital commitment agreement.
      • Capital contribution agreement etc.
  • Assistance in preparation and filing of the application for seeking registration as an Alternative Investment Fund.
Compliances:
Service Offerings
  • Assistance in responding to queries raised by the Securities and Exchange Board of India.
  • Assistance in computation of advance tax liability.
  • Assistance in legal and tax due diligence of investee companies.
  • Assistance in audit of the books of accounts of an Alternative Investment Fund.
  • Assistance in the filing of the return of income as well as withholding tax returns of an Alternative Investment Fund.
  • Assistance in preparation, issue and filing of Form 64C and Form 64D as per Rule 12CB of the Income-tax Rules, 1962.
  • Assistance in compliances required with the provisions of section 285BA of the Income-tax Act, 1961 i.e. FATCA and CRS compliances.
    • Advising on due diligence procedures to be followed.
    • Assistance in identification of reportable accounts.
    • Review / filing of Form 61B.
  • Advising investors into an Alternative Investment Fund from an Indian tax and regulatory perspective with respect to the income arising from their investment into an Alternative Investment Fund.

For Portfolio Managers / Investment Advisors / Research Analysts

Structuring and set up:
Service Offerings
  • Advising on appropriate form of licence required for the proposed activity.
  • Assistance in preparation of the disclosure document, business plan and the client agreement for the applicable licence.
  • Assistance in preparation and filing of the application to the Securities and Exchange Board of India for seeking registration as a Portfolio Manager, Investment Advisor, Research Analyst.
  • Advising on the provisions of section 9A of the Income-tax Act, 1961.
  • Assistance in preparation and filing of the application as per the provisions of section 9A of the Income-tax Act, 1961.
Compliances:
Service Offerings
  • Assistance in responding to queries raised by the Securities and Exchange Board of India.
  • Assistance in an audit of the portfolio’s and issuing an audit report.
  • Assistance in an audit of the books of accounts of the Portfolio Management / Investment Advisory / Research Analyst entity and issuing an audit report.
  • Assistance in computation of advance tax and filing of the return of income of the Portfolio Management / Investment Advisory / Research Analyst entity.
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For Foreign Portfolio Investors

Structuring and set up:
Service Offerings
  • Advising on the structure of the offshore fund from an Indian tax and regulatory perspective.
  • Review / drafting of the offshore fund documents from an Indian tax and regulatory perspective.
  • Assistance in preparation and filing of the application for registration as a Foreign Portfolio Investor with the Designated Depository Participant.
Compliances:
Service Offerings
  • Assistance in obtaining the Permanent Account Number.
  • Assistance in the accounting of investment transactions (including corporate actions) on real time basis using automated technologies.
  • Assistance in computation of capital gains and tax liability thereon.
  • Assistance in an issue of remittance letters for repatriation of sale proceeds from a bank account in India.
  • Assistance in filing of the return of income with the Indian revenue authorities.
  • Assistance in preparation and filing of appropriate submissions to the notices issued by the Indian revenue authorities during the course of assessment proceedings / appellate proceedings.
  • Assistance in preparation and filing of appeals before the appellate authorities.
  • Representing Foreign Portfolio Investors before the Indian revenue authorities during the course of assessment proceedings / appellate proceedings.

For Non-Banking Financial Companies

Structuring and set up:
Service Offerings
  • Advising on the structure of the Non-Banking Financial Company in light of the applicable provisions/ regulations of the Reserve Bank of India.
  • Assistance in preparation and filing of the application for registration as a Non-Banking Financial Company with the Reserve Bank of India.
Compliances:
Service Offerings
  • Assistance in an audit of the books of accounts of the Non-Banking Financial Company and issuing an audit report.
  • Assistance in computation of advance tax and filing of the return of income of the Non-Banking Financial Company.
  • Assistance in compliances required with the provisions of section 285BA of the Income-tax Act, 1961 i.e. FATCA and CRS compliances.
    • Advising on due diligence procedures to be followed.
    • Assistance in the identification of reportable accounts.
    • Review / filing of Form 61B.
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For Non-Resident Indians and Overseas Citizens of India

Service Offerings
  • Advising on the sale of immovable property in India from an Indian tax and regulatory perspective.
  • Assistance in obtaining lower withholding tax certificate from the Indian revenue authorities with respect to capital gain arising on sale of immovable property in India.
  • Review of sale deed with respect to the sale of immovable property in India.
  • Assistance in the accounting of investment transactions (including corporate actions) under the Portfolio Investment Scheme on a real time basis using automated technologies.
  • Assistance in computation of capital gains and tax liability thereon.
  • Assistance in the filing of the return of income with the Indian revenue authorities.
  • Assistance in an issue of Form 15CB.