Regulatory Compliance and Accounting catch-up for US subsidiary Company
Our client is an advisory consulting and systems integration firm specializing in enterprise information management to help clients leverage information assets for better business results. The company does this through its industry practices, solution accelerators, and specialized technology competencies that help clients achieve operational efficiency, business scalability, and regulatory compliance.
Our client works with businesses focused on industries related to communications, financial services, healthcare, insurance, and life sciences. The industry-focused practices work with their competency groups to address today’s client concerns in process optimization, information management, and information insights.
At that point in time, when we took over the accounting of the client, there was a huge backlog of bookkeeping and regulatory compliance and a gap in company law compliance.
Later we realized the client had skipped a few registrations and approvals required as per the regulations.
- Clearance of Backlog
We worked diligently with the client to clear the backlog. We also coordinated with different statutory departments to ensure the client is compliant with all the regulations. We got appreciation from the US parent company for the clearance of the backlog.
- A gap in Company Law Compliance
We worked on all these gaps and ensured the client is compliant with Company Laws.
- Regulatory Authorities
We coordinated with all the regulatory departments to get the necessary registrations and approvals.
The client is associated with us since 2008. We are in a direct relationship with both the Indian entity and the parent company located in the USA.
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