The document discusses the services provided by Steadfast Business Consulting LLP related to transaction advisory. It outlines the areas they specialize in including corporate restructuring, regulatory financial structuring, acquisition structuring, divestment advisory, succession planning, inbound investment advisory, outbound advisory, private equity transaction advisory, and funds/REIT/INVIT. It then provides more details on the specific services offered within each area.
Choosing the appropriate legal structure is a crucial decision for any startup.What are the basic forms of doing business and their relative benefits? Essential procedures and prerequisites of each form of business.
Contractual safeguards: How do we limit contractual liability? Relevant stakeholders (promoters/co-founders; employees; consultants; clients and vendors) and the respective contract liability mitigating strategies.
Data Protection: How do we protect the competitive value of data in our business? Data protection is distinct from IPRs, and therefore, we must understand the legal framework of protecting data and the relevant international trends in this regard.
Our Due Diligence team helps you assess businesses in Dubai and across other emirates in the UAE to provide you with information relevant to making decisions on such transactions.
Choosing the appropriate legal structure is a crucial decision for any startup.What are the basic forms of doing business and their relative benefits? Essential procedures and prerequisites of each form of business.
Contractual safeguards: How do we limit contractual liability? Relevant stakeholders (promoters/co-founders; employees; consultants; clients and vendors) and the respective contract liability mitigating strategies.
Data Protection: How do we protect the competitive value of data in our business? Data protection is distinct from IPRs, and therefore, we must understand the legal framework of protecting data and the relevant international trends in this regard.
Our Due Diligence team helps you assess businesses in Dubai and across other emirates in the UAE to provide you with information relevant to making decisions on such transactions.
Management Consulting, Business formations, Real Estate Consultancy, Public Relations Management, Project Development and Management and Contract Managment
What are the Transaction Advisory Services_ How will R.K. Associates help you...Vivek Goswami
Our approach while providing Transaction Advisory Services is always holistic and we keep in mind the accounting, tax, regulatory, legal, management, and cultural aspects which come with any transaction advisory deal. We handhold the client in this critical and complex situation of the deal by managing all the individual parts of the deal and implementing them with a single-minded focus to make the transaction deal totally a success. Our support goes right from the post-transaction implementation up to the settling down period of the transaction.
Complianceship Venture Solution LLP - Legal Services Provider in Delhi NCRMd Shahbaz Alam
Complianceship is the technology driven platform which is a group of dedicated, research oriented and skilled professionals who deliver innovative and distinguished corporate business solutions through a unique model of integrated legal and financial consulting services since 2017. visit : https://complianceship.com/
A Business Owner’s Guide to Estate Planning.pdfPrayag Raj
Discover essential estate planning strategies for business owners. Protect your assets and ensure a smooth transition with our comprehensive guide. For more information please visit - https://freearticleland.com/a-business-owners-guide-to-estate-planning/
Overview of Sapient Services' due diligence offerings.pdfSapient Services
Sapient Services offers diligent and meticulous due diligence service, providing clients with comprehensive assessments and insights into potential investments, partnerships, and business transactions.
Visit - https://sapientservices.com/due-diligence.php
Business brokers and advisors JPAbusiness have created a Due Diligence Checklist of questions to consider when conducting your own due diligence on a business purchase, or when discussing the process with your advisors.
Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide service in the Bahamas, Bermuda, the Cayman Islands, the Eastern Caribbean (Barbados, Antigua, St Lucia, Grenada, and St Kitts & Nevis), Jamaica, the Netherlands Antilles (Bonaire, Curacao, and St Maarten) and Aruba, Trinidad and Tobago and theTurks and Caicos Islands. Visit: https://dawgen.global/
Providing financial advice to help transform your business and build trustaakash malhotra
Learn how Financial Advisory at Deloitte is Providing financial advice to help transform your business and build trust that can sustain and grow in an increasingly unpredictable world.
The Ultimate Business Valuation Guide for 2023.pdfJeremiah Grant
The Ultimate Business Valuation
Guide for 2023
Valuing a company at different stages of its development can provide valuable insight into the state
of the company’s finances as well as the company’s current and future market position and sales
potential. Whether you are planning to sell tomorrow or just trying to gauge where you stand
compared to the competition, you can benefit from having an idea of your company’s worth. This
blog aims to provide you with a complete guide to business valuation and equip you with the
knowledge you need to apply it to your operations. So let’s kick off with an introduction.
Business valuation: A brief
introduction
Companies can have their worth estimated through a method called “business valuation” or
“company valuation.” Throughout the valuation process, every aspect of a company and each of its
subunits is evaluated to establish a dollar value.
Company valuations are performed for many purposes, including but not limited to determining a
business’s fair market value in preparation for sale, determining who owns what shares of a
business, settling tax disputes, and settling marital property disputes. In addition, many business
owners consult with external business evaluators to objectively assess their company’s worth.
Understanding the business
valuation basics
Valuation is a common topic of conversation in the world of corporate finance. If your company is
considering the sale of all or part of its operations, a merger, or an acquisition, you will likely want get
your business valued. However, when valuing a company, it’s important to consider all of the factors
that contribute to the company’s current worth to arrive at an accurate estimate.
Considerations such as management, capital structure, future earnings potential, and market value
of assets may all go into a business’s valuation. Valuation methods and techniques can range widely
between professionals, companies, and sectors. For example, financial statement analysis,
discounted cash flow models, and peer company comparisons are typical methods used to
determine a firm’s worth.
Furthermore, accurate valuation is essential for tax purposes. For tax purposes, the IRS (Internal
Revenue Service) mandates that a company’s worth be determined by its current fair market value.
For example, a firm’s shares may be subject to capital gains or gift taxes upon sale, purchase, or
transfer of ownership.
After the basics business valuation benefits must be understood to know why it’s critical in the
present era to get it done.
Benefits of business valuation:
Why should you get it done?
By considering a company’s workforce, assets, intellectual property, earnings, growth, and losses,
an appraisal or valuation can accurately portray the company’s current economic value.
Every business owner, for whatever reason, should think about having their firm valued once a year.
Being confident in the company’s real value will help the owner(s) make the right decision.
At Steadfast, we work with Indian business houses through their entire transaction Lifecycle. We add to their management team's bandwidth by extending support in areas such as – Due Diligence support, Deal Structure, Management Structure, Documentation Review, Tax Planning, Support in closing the transaction, Structuring efficient use of proceeds and post-transaction support.
Management Consulting, Business formations, Real Estate Consultancy, Public Relations Management, Project Development and Management and Contract Managment
What are the Transaction Advisory Services_ How will R.K. Associates help you...Vivek Goswami
Our approach while providing Transaction Advisory Services is always holistic and we keep in mind the accounting, tax, regulatory, legal, management, and cultural aspects which come with any transaction advisory deal. We handhold the client in this critical and complex situation of the deal by managing all the individual parts of the deal and implementing them with a single-minded focus to make the transaction deal totally a success. Our support goes right from the post-transaction implementation up to the settling down period of the transaction.
Complianceship Venture Solution LLP - Legal Services Provider in Delhi NCRMd Shahbaz Alam
Complianceship is the technology driven platform which is a group of dedicated, research oriented and skilled professionals who deliver innovative and distinguished corporate business solutions through a unique model of integrated legal and financial consulting services since 2017. visit : https://complianceship.com/
A Business Owner’s Guide to Estate Planning.pdfPrayag Raj
Discover essential estate planning strategies for business owners. Protect your assets and ensure a smooth transition with our comprehensive guide. For more information please visit - https://freearticleland.com/a-business-owners-guide-to-estate-planning/
Overview of Sapient Services' due diligence offerings.pdfSapient Services
Sapient Services offers diligent and meticulous due diligence service, providing clients with comprehensive assessments and insights into potential investments, partnerships, and business transactions.
Visit - https://sapientservices.com/due-diligence.php
Business brokers and advisors JPAbusiness have created a Due Diligence Checklist of questions to consider when conducting your own due diligence on a business purchase, or when discussing the process with your advisors.
Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide service in the Bahamas, Bermuda, the Cayman Islands, the Eastern Caribbean (Barbados, Antigua, St Lucia, Grenada, and St Kitts & Nevis), Jamaica, the Netherlands Antilles (Bonaire, Curacao, and St Maarten) and Aruba, Trinidad and Tobago and theTurks and Caicos Islands. Visit: https://dawgen.global/
Providing financial advice to help transform your business and build trustaakash malhotra
Learn how Financial Advisory at Deloitte is Providing financial advice to help transform your business and build trust that can sustain and grow in an increasingly unpredictable world.
The Ultimate Business Valuation Guide for 2023.pdfJeremiah Grant
The Ultimate Business Valuation
Guide for 2023
Valuing a company at different stages of its development can provide valuable insight into the state
of the company’s finances as well as the company’s current and future market position and sales
potential. Whether you are planning to sell tomorrow or just trying to gauge where you stand
compared to the competition, you can benefit from having an idea of your company’s worth. This
blog aims to provide you with a complete guide to business valuation and equip you with the
knowledge you need to apply it to your operations. So let’s kick off with an introduction.
Business valuation: A brief
introduction
Companies can have their worth estimated through a method called “business valuation” or
“company valuation.” Throughout the valuation process, every aspect of a company and each of its
subunits is evaluated to establish a dollar value.
Company valuations are performed for many purposes, including but not limited to determining a
business’s fair market value in preparation for sale, determining who owns what shares of a
business, settling tax disputes, and settling marital property disputes. In addition, many business
owners consult with external business evaluators to objectively assess their company’s worth.
Understanding the business
valuation basics
Valuation is a common topic of conversation in the world of corporate finance. If your company is
considering the sale of all or part of its operations, a merger, or an acquisition, you will likely want get
your business valued. However, when valuing a company, it’s important to consider all of the factors
that contribute to the company’s current worth to arrive at an accurate estimate.
Considerations such as management, capital structure, future earnings potential, and market value
of assets may all go into a business’s valuation. Valuation methods and techniques can range widely
between professionals, companies, and sectors. For example, financial statement analysis,
discounted cash flow models, and peer company comparisons are typical methods used to
determine a firm’s worth.
Furthermore, accurate valuation is essential for tax purposes. For tax purposes, the IRS (Internal
Revenue Service) mandates that a company’s worth be determined by its current fair market value.
For example, a firm’s shares may be subject to capital gains or gift taxes upon sale, purchase, or
transfer of ownership.
After the basics business valuation benefits must be understood to know why it’s critical in the
present era to get it done.
Benefits of business valuation:
Why should you get it done?
By considering a company’s workforce, assets, intellectual property, earnings, growth, and losses,
an appraisal or valuation can accurately portray the company’s current economic value.
Every business owner, for whatever reason, should think about having their firm valued once a year.
Being confident in the company’s real value will help the owner(s) make the right decision.
At Steadfast, we work with Indian business houses through their entire transaction Lifecycle. We add to their management team's bandwidth by extending support in areas such as – Due Diligence support, Deal Structure, Management Structure, Documentation Review, Tax Planning, Support in closing the transaction, Structuring efficient use of proceeds and post-transaction support.
Similar to Transaction Tax - Transaction Advisory - Credentials.pdf (20)
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
1. S T E A D F A S T B U S I N E S S C O N S U L T I N G L L P 2 2 M A R C H 2 0 2 1
www.steadfastconsultants.in
P R E S E N T A T I O N
TRANSACTION ADVISORY
2. PREFACE
Globalization and technology have completely revamped the
way business is conducted and monitored. Laws and regulations
are also continuously changing to stay abreast with the evolving
businesses/ business models. This leaves a vacuum between
what is, what is not and what it ought to be.
It is this vacuum that the Team at Steadfast fills in by adopting
the approach of ‘blending knowledge with experiential insights’.
We bring together a vast and diverse experience of handling
M&As across its landscape from incubation, initiation, to
implementation.
Our in-depth and cutting-edge knowledge of the tax laws and
regulations like SEBI, FEMA, Companies Act, Stamp Duty etc.,
and our vast experience of working across the transactional
topography viz., industry, scale, type and geography, helps
clients take informed decisions which stand the test of time.
3. 3
WHAT WE SPECIALIZE IN
Corporate Restructuring
Regulatory Financial Structuring
Areas of Advisory we deal
with
www.steadfastconsultants.in
Acquisition Structuring Divestment Advisory
4. 4
Succession Planning Inbound Investment Advisory Outbound Advisory Private Equity Transaction Advisory Funds, REIT, INVIT
Corporate and
International Tax
Post Deal Support Other Advisory
WHAT WE SPECIALIZE IN
CS Services NCLT Services
5. 5
REGULATORY SERVICES
Over the last several years, the Regulatory environment in India has become severely complex.
On one hand the Government is looking at the ease of doing business in India to attract foreign capital, on the other,
market dynamics and business environment are often forcing regulators and law makers to adopt tough positions in the
implementation of these regulations.
The regulators have, in last few years, substantially enhanced the onus of compliance on the business houses and / or
their management teams, that acts as an inherent motivation to pro-actively ensure compliances.
Our experienced professionals in the field of Exchange Control laws including Foreign Direct Investment (FDI), Overseas
Direct Investment (ODI), other FEMA aspects, Companies Act, SEBI Regulations, Competition Law, Insolvency law, Real
Estate laws (RERA), SEZ Rules, Transfer Taxes – specifically Stamp Duties etc. help clients achieve their business
objectives in line with the applicable regulations.
Our team partners with clients in providing overall guidance, assist in decision making, seeking necessary approvals,
overall compliances etc.
6. REGULATORY SERVICES
Evaluate application of FDI / ODI Regulations
Seeking necessary RBI/ FIPB approvals
Complying with prescribed guidelines
FOREIGN EXCHANGE REGULATIONS
Planning scheme of arrangements
Securing approvals of Regional Director /
ROC / Official Liquidator
Complying with provisions, procedures,
filings etc
COMPANIES ACT
Compliance with SEBI takeover code, Other
SEBI Regulations
Securities Contracts Regulation Act
Stock exchange compliances in case of
NCLT Schemes
SEBI REGULATIONS
Understanding state specific stamp duty
laws
Planning levies / registration charges
Adjudication proceedings etc.
STAMP DUTY
Assessing application of Competition Law
Seeking necessary CCI approvals
COMPETITION LAW
Assessing Compliance with RERA
SEZ Laws
REAL ESTATE REGULATIONS
Advice on insolvency proceedings
Strategizing Resolution plan
INSOLVENCY LAW
7. 7
CORPORATE RESTRUCTURING
Businesses in India are constantly looking to grow. Even regulatory changes such as introduction of the new Companies Act, adoption of new accounting
standards in India (Ind-AS), changes in the SEBI Takeover code and other regulations, Competition law and introduction of ‘GAAR’ require business houses to
evaluate alternate corporate restructuring tools to achieve compliance with these changing regulations along with desired business goals.
With our demonstrated experience in this space, We assist in identifying alternate corporate restructuring options that may be available, critically evaluate the
same from each stakeholders perspective (shareholders, promoters, employees, vendors, business partners etc.), identify potential tax costs associated with
it, suggest suitable options for cash and tax rationalisation, evaluate regulatory hurdles if any, and help appropriate decision making.
Given our end to end approach, we assist our clients in complete implementation of the restructuring plan by
→ Drafting / reviewing suitable documentation (schemes, buy back offers, board resolutions, shareholders approvals etc.),
→ Seeking appropriate stock exchange approvals (for listed companies), making applications and necessary representations before the NCLT (National
Company Law Tribunal),
→ Obtaining necessary regulatory approvals (such as from Regional Directors, Registrar of Companies, Official Liquidators, Reserve Bank of India etc.),
stamp duty adjudication etc.
Our teams even assist in the post restructuring support. For details read section on Post Deal Support.
9. FINANCIAL STRUCTURING
Extensive analysis of each transaction, enabling conceptualization, selection and
implementation of options from a tax and regulatory perspective.
Structuring of transactions for entities in/ levels at which funds should be raised or
repatriated.
IPO advisory for Indian/ overseas listing/ delisting.
Instruments that should be used to raise or repatriate funds.
Advice on profit extraction techniques such as share buybacks, redemption of
preference shares, capital reduction, royalties and management fees.
Designing of appropriate capital structure.
10. ACQUISITION STRUCTURING
Advise on domestic and inbound acquisition structuring for strategic
acquirers – directly or through appropriate intermediary jurisdictions.
→ Withholding of tax on dividends, interest, royalties, etc.
→ Tax treaty network of intermediary jurisdiction
→ Capital gains taxation on future divestment or exit
→ Capital market implications
→ Exchange control implications
→ Funding options
We assist in structuring acquisitions, either by way of asset/ business
purchase or share purchase, from tax and regulatory perspective
11. DIVESTMENT ADVISORY
Structuring tax and regulatory efficient exits posing certain unique challenges.
Evaluating options – demerger, business/ asset disposal, stock sale, etc.
Analysing and minimizing tax and regulatory implications.
Comprehensive vendor due diligence – evaluating existing structure and exit mechanics along
with implementation assistance.
→ Capital gains
→ Stamp duty
→ Exchange control
→ Corporate law
→ Capital market issues
12. SUCCESSION PLANNING
Family owned businesses are core to the Indian business environment. While these businesses grow from one generation to another, it is observed that less than
10% of the businesses survive after the forth generation.
Planning succession encompasses succession of ownership, succession of management and succession of family values and name.
Typically, continuity planning, conflict management and lack of effective communication are issues that are faced by all family run businesses. Given the culture
inherent to Indian families, protecting the family ethos and relationships is paramount.
CONTINUITY
PLANNING
Understanding the
Family vision – For the
business and for
personal wealth and
upbringing
Conflicts always exist. Key
is to manage the same for
survival of business and
family
Both business and
personal fronts and Fear of
conflict
CONFLICT
MANAGEMENT
LACK OF EFFECTIVE
COMMUNICATION
Key Issues Faced By Family
Business
13. SUCCESSION PLANNING
At Steadfast , we understand the importance of succession planning and
work with many families to manage the generational change.
We help in differentiating between the
→ Business issues (such as deciding the business strategy, choosing the
future leaders for business, attracting professional management) and
the
→ family issues (leadership development, engaging the next generation,
conflict management approach, reinvestment of profits, spent on
education, marriage, social status)
→ and assist the family members in decision making. We help families
design and set up their Family Constitution that act as a governance
framework for all business and family aspects.
We assist in setting up a family council, next generation council, family
office and identify suitable protocols for conflict resolution and future
growth.
Segregate Business and
Family Issues
Act as a Governance
Framework
Showcases Commitment to
Fairness
Provides a Conflict
Resolution Mechanism
Role of Family Constitution
14. SUCCESSION PLANNING
We even assist in identifying alternate ownership structures for the family (such
as holding companies, LLP, Trust etc.) for wealth maximization and protection, in
line with the business objectives.
We critically evaluate the said options from a tax and regulatory perspective,
assist in selecting the most appropriate solution and thereafter in implementing
the same (including drafting of trust deeds, settlement agreements, wills, letter
of wishes, family protocols etc.).
With our deep knowledge in the field of tax and regulatory, we identify the
impact of changing laws and business environment on succession and
inheritance of wealth.
Our experts in this space even assist in situations of dispute in families,
arbitration, asset distribution, family settlement etc. and provide suitable inputs
from a tax, regulatory and business perspective.
15. INBOUND INVESTMENT ADVISORY
understanding the business plan of the foreign investor,
identifying FDI restrictions if any (including seeking necessary approvals),
assisting in choosing the right location for business,
suggesting the appropriate capital mix (Equity, Debt etc.),
We at Steadfast , help foreign companies fine tune their investment strategies
while making inbound investments. Our role encompasses:
India attracts substantial foreign direct investments every year across sectors.
While making inbound investments, foreign companies are always anxious
about understanding the business environment in India, the applicable laws and
regulations, restrictions if any, in their ability to carry on the proposed business,
overall taxation costs and areas of tax efficiency, compliances etc. in India.
16. INBOUND INVESTMENT ADVISORY
Identifying the appropriate jurisdiction for entry into India from a tax and regulatory perspective,
Identifying suitable corporate structure for carrying on business in India (company, LLP, Branch etc.),
Potential profit and cash repatriation strategies,
Choices of domestic fund raise, tax efficiencies through debt cost push down,
Transaction structure advisory in case of an acquisition of an existing business (share deal Vs. Asset deal),
Drafting / reviewing contracts with local joint venture partners, due diligence support, other business contracts,
Overall tax cost and optimisation,
Set up formalities,
Ongoing tax and regulatory compliances etc.
We even provide solutions around employee payroll, social security structures, Employee Stock Option planning etc.
17. Potential Transaction
Structure – Share Deal
Vs Asset Deal
Repatriation
and Exit
Strategies
Understand the Business
Plan
Plan Entry Strategy – select
jurisdiction for entry, select the
appropriate location, select form
of legal structure
Identify FDI Restrictions,
if any
Planning Capital Mix ( Debt, Equity, Domestic
Leverage etc.,)
LEGAL REGULATORY
INBOUND
INVESTMENT
ADVISORY
SERVICES
FINANCIAL
TAX
18. 18
OUTBOUND ADVISORY
With their investment and acquisition strategies,
Identify extent of investments (including guarantees) that can be made,
Optimum structure options based on the regulations of the foreign country,
Identify jurisdictions for setting up international holding company,
Choices of instruments for investments (capital mix),
Potential tax reduction and optimisation options under the local laws of overseas countries,
Profit and cash repatriation strategies,
Fund raise and exit strategies,
Options for debt push down,
Our experienced team helps Indian companies going overseas:
Many Indian business houses have made in-roads into the international market over the last several years. As Indian companies plan their global investments and
international growth strategies, various concerns arise in their minds with respect to business, tax and regulatory aspects – both from the perspective of India and
from the perspective of the country that they plan to invest in.
19. OUTBOUND ADVISORY
Supply chain planning, global trading companies, intellectual property aspects,
Transaction structure in case of acquisitions, due diligence support,
Drafting / review of necessary contracts, set up formalities etc.
INDIA CO.
OVERSEAS
BUSINESS/ TARGET
OVERSEAS
BUSINESS/ TARGET
REPATRIATION STRATEGIES
FUND RAISE AND EXIT STRATEGIES
TAX EFFICIENCIES
INDIA CO.
INTERNATIONAL
HOLDING COMPANY
Direct Investment V. Investment through International Holding Company
20. PRIVATE EQUITY
India continues to be an attractive destination for investments by Private
Equity funds (both global and domestic).
Most international Private Equity funds have dedicated pools for
investments in Indian market.
Competition in deals is increasing as a larger number of Private Equity
funds are participating in every opportunity.
Private Equity (PE) funds are also developing pockets of strengths across
sectors and regions.
Amongst others, sectors such as Manufacturing, Pharma, Renewables,
Real Estate, Infrastructure, Retail, IT/ITes etc. have witnessed a lot of
traction.
21. PRIVATE EQUITY
At Steadfast , our professionals assist PE funds through their entire transaction lifecycle – from transaction evaluation and structuring, to investment
options, to repatriation strategies, to exit grooming.
At the transaction evaluation stage, we assist with due diligence support, identify potential deal structures – given the structure of the PE fund and that of
the target company, suggest tax and cash efficiencies in the structure, provide negotiation support on the price and valuation, risk and litigation
perspective, indemnities, reps and warranties etc.
In parallel, we assist PE funds identify alternate investment options such as FDI, FVCI, FPI routes etc., recommend choice of instruments based on the
commercial terms with the target, identify regulatory hurdles if any (such as FDI restrictions, applicable competition laws, SEBI Takeover code etc.).
We extend extensive support in review of definitive agreements such as share purchase agreement, share subscription agreement, shareholder
agreement, terms of non-compete, use of brands, related party arrangements, structuring escrow arrangements, identifying options for security package
etc.
Our teams clearly gather the objectives of the PE from the transaction and efficiently plan the repatriation and exit strategies so as to maximise the returns
to their investors. Once the transaction is signed / closed (as may be appropriate in each case), we assist the PE and the target in end to end
implementation of the entire deal structure.
We assist Private Equity funds in setting up their fund structure as well for India investments. Please refer to the section on Funds, REIT’s and InvIT’s for
more details
22. Transaction Evaluation &
Structuring
Investment options Documentation Repatriation Strategies & Exit
Grooming
Due Diligence
Potential deal structure
Cash and tax
efficiencies
Negotiation support
Alternate investment
options : FDI,FVCI,FPI etc.
Choice of Instruments :
Equity, Preference,
Debentures
Regulatory Hurdles : FDI
restrictions, Competition
Law, SEBI Takeover Code
Definitive agreements
Escrow arrangements
Risk cover –
indemnities, reps and
warranties, holdbacks
etc.
Tax efficiencies
Regulatory challenges
Return maximisation
Implementation
Support
End - to End approach
Project manage
implementation of
selected structure
PRIVATE EQUITY
23. 23
TRANSACTION ADVISORY
Diligence (vendor diligence, data room management, project manage the Investors diligence teams including providing insights to their diligence issues
etc.),
Identify potential areas impacting valuation and suitably approach the same,
Identify potential transaction structure (critically evaluate the same from a tax, regulatory, business and valuation perspective, maximize tax efficiencies in
the structure, discussions with the potential investor on the transaction structure etc.),
Support in negotiation to the management,
At Steadfast, we work with Indian business houses through their entire transaction Lifecyle. We add to their management team’s bandwidth by extending
support in areas such as
Acquisitions and fund raise have become the new norm for growth for Indian businesses houses. Senior Management teams across Indian business
houses are continuously focusing on acquisitions, divestments, mergers, join ventures, fund raise (both private equity and debt), re-financing, IPO etc.
As they venture into these avenues of growth, various aspects need to be dealt with from a tax, regulatory and business advisory perspective.
24. TRANSACTION ADVISORY
ADD TO THE
MANAGEMENT
BANDWITH
DUE
DILIGENCE
SUPPORT DEAL
STRUCTURE
MANAGEMENT
TEAM RESCUE
DOCUMENTATION
REVIEW
STRUCTURING
EFFICIENT
USE OF
PROCEEDS
SUPPORT IN
CLOSING THE
TRANSACTION
TAX
PLANNING
Protecting interests of the management team (compensation
re-alignment to market, roles re-alignment, ESOP, lock ins
etc.),
Providing inputs on the risk factors identified by the investor
/ buyer (including contingent liabilities),
Capital gains tax planning on exit, planning use of funds
realised,
Providing structure for potential exit to investor etc.
We extend extensive support in review of definitive
agreements such as share purchase agreement, share
subscription agreement, shareholder agreement, terms of
non-compete, use of brands, related party arrangements,
indemnity structures etc.
25. TAX DUE DILIGENCE
Review of
Tax positions adopted in prior years
Tax shields/ incentives
Deferred tax
Adequacy of tax provisions
Tax compliances
Audit/ assessment/ litigation status
Tax due diligence services involve review and analysis of potential tax
liabilities, exposures, receivables and attributes of a target company or
business. It impacts every aspect of and is integral to a business transaction.
In this regard, we offer direct as well as indirect tax due diligence services.
26. 26
FUNDS
India is considered as an attractive emerging market destination for
commitment of funds.
Thus, established Private Equity houses, new age Fund Managers and even
Family houses are considering setting up fund structures in India. We partner
with them to design their strategy of fund structure for India focused
investments.
We extensively evaluate need for set up of feeder fund overseas, need for set
up of SEBI’s registered Alternate Investment Funds (AIF), structure of the
investment manager, their carry, their location and residential status (India or
overseas), preferred jurisdictions for setting up overseas Fund (pooling vehicle,
feeder fund etc.),
Upstreaming of proceeds, tax leakages thereon and options for rationalisation,
assessment of the applicable FDI regulations in downstream investments, tax
implications for the fund itself, exit strategies etc.
Our experienced team helps in implementation of the selected fund structure
and undertakes drafting / review of the fund documentation and also assists
in seeking registration with SEBI as an AIF and provides regular tax and
regulatory compliance services as prescribed.
At Steadfast , we understand the business
of fund management and the regulatory
and tax environment around it.
27. Overseas
India
FUNDS
1. Offshore Fund Structure 2. Unified / Co-Investment Fund
Structure
01
ADVISOR
OFFSHORE FUND MANAGER
INVESTEE
COMPANIES
FOREIGN
INVESTORS
Offshore Fund to ensure tax neutrality / pass through to
Foreign Investors
02
01 Investment Management Agreement 02 Advisory Services Agreement 03 Advisory Services / Co Investment Agreement
Overseas
India
01
MANAGER
DOMESTIC
INVESTOR
MANAGER
FOREIGN
INVESTORS
02
INDIA
FUND
INVESTEE
COMPANIES
OFFSHORE FUND
03
28. 28
REAL ESTATE INVESTMENTS TRUSTS AND
INFRASTRUCTURE INVESTMENT TRUSTS
REIT”s and InvITs are structures in India that enable attracting yield based private investors to real estate and infrastructure sector respectively. SEBI
introduced the REIT’s and InvIT’s regulations in India in 2014 to attract fresh and patient capital in the sectors of real estate and infrastructure and reduce the
burden on the banking system.
At Steadfast , our professionals have an extensive understanding of the market for REIT’s and InvIT’s.
We provide strategic guidance to foreign and Indian asset owners to evaluate this opportunity to access capital markets, assess feasibility based on the
current asset portfolio and pipeline, provide overall guidance on expected valuation, evaluate potential tax leakages and provide optimum structures for
upstreaming cash yield to investors with minimum tax leakages (thereby improving cash return) etc.
Our teams have a deep understanding of the regulatory provisions and provide guidance on analysing and applying the same to every situation, so as to
improve the marketability of the asset portfolio, enhance ability to raise funds, minimise tax incidence on secondary fund raise, plan exit strategies in line with
lock in conditions etc.
We provide support in implementation as well by assisting in drafting and submitting necessary applications to SEBI for seeking registration, suitably liaise
and discuss with SEBI at all times, set up the Trust structure for the REIT / InvIT.
We also set up relationships with independent Trustees, draft / review all contracts / documentation as may be necessary and prepare / review the business
plan from regulatory perspective etc.
29. Manages the Trust and Acts on behalf of unit
holders
REAL ESTATE INVESTMENTS TRUSTS AND INFRASTRUCTURE
INVESTMENT TRUSTS
MANAGER
HOLD CO
TRUSTEE
SPV SPV SPV
Project Manager
(only for InvIT)
SPONSOR/SPONSOR
GROUP + INVESTORS
Manages assets and Investment and undertakes
operational activities of the InvIT
Operation and Management
activities
Dividends and/or
Interest
Ownership
Fee
Distributions
Ownership of Units
Trustee’s Management Fee
Management Fee
Assets Assets Assets
TRUST
30. 30
CORPORATE AND INTERNATIONAL TAX
As Indian business houses are looking to access foreign capital or invest into countries outside
India, planning corporate and international tax strategies becomes crucial.
Over the last few years, the Indian Government has been focusing on expanding the tax base
through digitization and e-governance.
In addition, corporate and international tax is becoming increasingly challenging with changing
domestic laws in various parts of the world, OECD’s action plan on Base Erosion and Profit
Shifting (BEPS) and introduction of General Anti Avoidance Rules (GAAR) in India.
The impact of these developments needs to be clearly understood and strategically adopted in
line with business interests.
At Steadfast, we have extensive experience of advising clients in domestic, international and cross border transactions.. We support our
clients in tax and regulatory planning, overall tax strategy, litigation support, representations before the tax authorities, compliances and
filings.
In addition, our experienced professionals help multinational clients set up their supply chain structures, trading company structures,
financing company structures, Intellectual property structures, other cross border transactions etc. by carefully marrying the extant tax
and regulatory regimes with the business objectives.
31. Corporate And
International Tax
Services
Impact of GAAR on
Corporate Tax
Strategies
BEPS and Impact
Thereof on
International
Structures
Planning Corporate and
International Tax
Strategies
Cross Border
Transactions
Supply Change,
Trading Company, IP
Ownership Structure
Representation Before
Tax Authorities &
Litigation Support
CORPORATE AND INTERNATIONAL TAX
32. 32
POST DEAL SUPPORT
In the M&A world, the success of every transaction is dependent upon the success of the integration of the parties involved.
Effective planning towards actions required post the transaction help in smooth transition to the next phase of business.
We at Steadfast , extend post deal support such as drafting necessary documentation, management of condition precedents, necessary Regulatory approvals,
project management of closure activities, compliance with FEMA, Companies Act and other applicable regulations.
We even assist in post deal integration activities such as identifying the various licenses and registrations, government sanctions, awards, etc. that need to be
altered, or taken afresh, review of customer contracts, vendor contracts and other business contracts and
Identify whether any intimation or approval is required, intimations / renewals of all registrations like PF, ESI, gratuity etc., intimation / renewal of insurance
policies, alignment of salary structures, payroll policies, intimation to banking partners, intimation to tax authorities for direct and indirect tax registrations,
transfer of tax credit balances (TDS, Advance tax, GST credits), migration / alteration of billing methodologies etc.
We provide a structured approach by working along with the key stakeholders in the client’s team. Substantial time is spent on the planning, sequencing and
timing of every action so as to ensure there is no business disruption. Subsequently, our experienced team manages and implements the said framework.
34. 34
At SBC , we constantly strive to cater the requirements of our Clients/Business Partners to comply with
the complex requirements of Corporate Secretarial Compliance in the easiest possible manner.
Corporate Secretarial Services includes assistance to our Clients/Business
Partners to manage and mitigate the risk of corporate non-compliance.
With an ever-changing laws and compliances under the Companies Act,
2013, the need for professional assistance to comply with the legal
requirements has increased manifolds.
Our focused and expert Corporate Secretarial Team offers a wide array of
customized solutions to meet your various needs
COMPANY LAW ADVISORY & SECRETARIAL SERVICES
35. 35
Corporate Advisory
Inhouse Co-Sec Compliance Health
Check
Company & other
entity formation
SBC has a dedicated team of company secretaries , legal professionals and chartered accountants having extensive experience across various sectors in
numerous corporate laws and commercial/legal documentation. Our team understands the increasingly complex corporate and regulatory laws for all
corporate secretarial matters ranging from incorporation of an entity to winding up.
OUR SERVICES
36. 36
Advisory Under Listing
Agreement & Insolvency
Corporate
Restructuring
Corporate Litigation
and Representation
Advisory on Intellectual
Property Laws
Corporate
Documents Retrieval
Issue Of Certificates
Under Various Statutes
Compliance under
SEBI Regulations
Secretarial
Compliance audit
37. 37
ADVISORY ON NCLT, IBC CODE AND OTHER COMMERCIAL
LAWS
We indulge in providing with the advisories with respect to various facets of I & B Code such as advisory on Corporate debts, insolvency crisis and other strategy
for insolvency resolution.
Our formidable team of professionals has a rich experience and expertise in matters pertaining to Companies Act and Insolvency & Bankruptcy Code (IBC)
before National Company Law Tribunal (NCLT) and other aspects of Business and Corporate Laws in India including incorporation of companies, Corporate
restructuring, Applications under the Companies Act, 2013. We also render services of drafting of all types of commercial agreements such as franchise,
agency, distribution, leasing, licensing, technology transfer, manufacturing and joint ventures.
We offer a line of services under Bankruptcy and insolvency laws:
1. Consultancy in Insolvency and Bankruptcy.
2. Advising secured and unsecured creditors on various aspects relating to claims against companies under Bankruptcy.
3. Assisting Bankruptcy.
4. Working in courts, tribunals including before National Company Law Tribunal (NCLT).
5. Handling cases on behalf of liquidators and receivers.
38. OTHER ADVISORY
Our approach in business advisory is to help clients Think Outside the Box, shift
gears and take their businesses to the next level.
We endeavor to answer the client’s 5Ws (who, what, where, when, why) and 1H
(how) on every business situation which assists the clients in evaluating every
business situation well and exploit their full potential to move in the right
direction.
Our other advisory/ consulting, including the following
ESOP
Start-ups
Strategy
Family arrangements such as settlements
Outsourcing operations
Miscellaneous
39. Contact us
HYDERABAD DELHI
C- 699A, 1st Floor, Sector-7, Palam
Extn., Dwarka, New Delhi, Delhi
110075
CHENNAI
Old no 19, New no 13B, New
Bangaru colony first Street, KK
Nagar West, Chennai 600078
BANGALORE
90/1, 3rd Floor, Pasha South
Square, Rathavilas Road,
Basavangudi, Bangalore -
560004
MUMBAI
Flat no.3, Plot no.226/227, Sion
East, Mumbai - 400022
Vizag: Level 3, Kupilli Arcade, Akkayyapalem, Visakhapatnam 530016,
Andhra Pradesh
Vijayawada: # 56-11-3, Sri Devi Complex, Y.V.R Street, MG Road, Patamata, Vijayawada, Andhra
Pradesh
Tirupati: H. No: 6-154/1, Syamala Nilayam, Near Water Tank, Akkarampalli, Tirupathi, Andhra Pradesh
Kurnool: #21, Top Floor, Skandanshi Vyapaar, New Bus Stand Road, Kurnool 518 003, Andhra
Pradesh
UAE Address: 2103, Bayswater Tower, Business Bay, Dubai,
UAE
USA Address: SBC LLC, 8 The Green, Suite A in the City
of Dover, Delaware - 19901
Suite 5, Level 3, Reliance Cyber
Ville,, Madhapur, Hitech City,
Hyderabad – 500081
40. Thank You
www.steadfastconsultan ts.in
SBC refers to one or more of Steadfast Business Consulting LLP (LLPIN: AAL-1503), a Hyderabad based Limited Liability Partnership, and its network of member firms, branches and affiliates. SBC provides tax, consulting, audit and financial advisory
services to clients within and beyond borders spanning multiple industries. With local connect and expertise put together with global outlook and capabilities, SBC believes in providing holistic solutions to clients tailored to meet business objectives and
address most complex challenges and at the same time be robust, scalable and sustainable from a tax, legal and regulatory standpoint.