Premlata Purohit and AssociatesLoading…
Pillar 07
Specialised mandates including valuation under multiple regulatory frameworks, mergers and demergers, insolvency support, capital market and listed company compliance, NBFC and trust matters, and statutory certifications across regulatory contexts. The pillar covers work that does not fit cleanly into the traditional audit, tax or corporate law buckets but draws on each of them.
What this pillar covers
Specialised work is, by definition, infrequent for any given client but technically demanding when it occurs. The firm runs this pillar with the discipline that the engagements are scoped narrowly, executed against a defined deliverable, and documented to the standard expected by the regulator or counterparty. The pillar combines registered valuer mandates, transaction advisory, listed company compliance, regulated entity support, trust and CSR work, and the various certification mandates that a Chartered Accountant is empowered to issue.
Sub services
02
Where the engagement requires a registered valuer under Section 247 of the Companies Act, the work is conducted by a member of the firm registered with the Insolvency and Bankruptcy Board of India (IBBI) under the relevant asset class (Securities or Financial Assets). Reports are issued in the format required by IBBI and the Companies (Registered Valuers and Valuation) Rules, 2017.
03
Valuation of equity shares for the purpose of Employee Stock Option grants under Rule 11UA of the Income Tax Rules, the Companies Act and, for listed entities, the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations. The valuation establishes the fair market value at the grant date and the perquisite computation under Section 17(2)(vi) at the exercise date.
04
Valuation of goodwill, brands, customer relationships, technology and other intangibles for purchase price allocation under Ind AS 103, impairment testing under Ind AS 36 and tax structuring purposes. Engagement uses the income approach, market approach or cost approach as appropriate to the asset.
05
Advisory on schemes of arrangement under Sections 230 to 232 of the Companies Act, including drafting of the scheme, coordination with counsel for the National Company Law Tribunal application, valuation of the entities involved, fairness opinion where required, and tax structuring under Sections 2(1B), 2(19AA) and 2(42C) of the Income Tax Act. Slump sale advisory under Section 50B of the Income Tax Act.
06
Support to Insolvency Professionals on engagements under the Insolvency and Bankruptcy Code, 2016, including valuations as a registered valuer, claim verification, financial information collation for the Information Memorandum, and the financial analysis underlying the resolution plan or the liquidation estate. The firm does not act as the Insolvency Professional itself; that role is held by the IP appointed by the National Company Law Tribunal.
07
Compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 covering quarterly results, annual reports, related party transaction disclosures, material event disclosures under Regulation 30, and corporate governance reporting. Compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 including the structured digital database, code of conduct and trading window administration. ICDR compliance for capital raising.
08
Support for issuers planning an initial public offering, qualified institutional placement or rights issue. Engagement covers restated financial statements per ICDR Schedule VI, comfort letters for the lead managers, working capital certificates, the Basis of Allotment review and the auditor reports required for the prospectus. The firm coordinates with merchant bankers, legal counsel and the issuer's internal team.
09
Application for Certificate of Registration as a Non Banking Financial Company before the Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934. Ongoing compliance with the RBI directions applicable to the relevant NBFC category, including periodic returns, asset classification and provisioning, fair practices code, and the Scale Based Regulation framework.
10
Drafting and registration of public charitable and religious trusts under the Indian Trusts Act and the Maharashtra Public Trusts Act, 1950 for trusts in Maharashtra. Registration under Section 12AB of the Income Tax Act for income tax exemption (existing 12A registrations are renewed under 12AB on the prescribed cycle). Registration under Section 80G for donor benefit. Renewal of registrations on the prescribed cycle.
11
Compliance with Section 135 of the Companies Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014, including CSR policy drafting, project identification and approval, fund transfer to the CSR Account where applicable, project monitoring under Form CSR 1 and Form CSR 2, and disclosure in the board's report.
12
Issuance of certifications by the firm in its capacity as Chartered Accountants for purposes including net worth certification, turnover certification, foreign remittance under Form 15CB, capability certificates for visa and tender purposes, fund utilisation certificates for grants and loans, and other certifications as prescribed by various regulators.
Our approach
Specialised mandates begin with a clear scoping exercise: the regulatory framework, the deliverable, the timeline, the access required and the cost benefit position. The engagement letter is precise.
Many specialised mandates carry independence requirements distinct from audit independence. The firm conducts a separate assessment for valuations, fairness opinions and Insolvency Code engagements.
The work is executed by the team member with the relevant qualification and experience. Registered valuer work is signed by a registered valuer; secretarial work is signed by a Company Secretary; tax work is signed by a Chartered Accountant.
Specialised work is documented to the standard expected by the framework. Valuation reports include the methodology, the assumptions, the sensitivity analysis and the disclaimers required by the relevant regulator.
Specialised work is often subject to scrutiny by regulators, counterparties or courts. The firm retains the working papers and supports the client through any subsequent enquiry.
Frequently asked questions
Valuation, restructuring, capital market support, NBFC, trust matters or statutory certifications, the firm is reachable through the office or via the contact form.