Rajesh Umashanker & Company

Catering to the specific operational requirements of small, medium and large scale enterprises, we “Rajesh Umashanker & Company,” are one of the leading companies offering clients chartered accountancy and consultancy services. The complete range of services handled by us include meeting varied service requirements of companies interested in setting up offices in SEZ (Special Economic Zone). Apart from this, we also offer chartered accountancy services that meet the demands of Fringe Benefit Tax, Project Reports, Company Formation, VAT / Sales Tax, Income - Tax and Audit related Services.

Established in the year 1995, at New Delhi, India, our detailed & carefully chalked out consultancy services ensure that the services and advices provided to our customers offer competent solutions for issues concerning their personal and business needs. Today, our consistent & dedicated work approach has assisted us in emerging as a leading name in the industry. Further, the competitive costs of the services being offered has also helped us to gain support from many quality conscious clients.

A Partnership Firm, our business operations are led by Mr. B.B. Katara and Mr. Rajesh Raj Gupta, B.Com, L.L.B., F.C.A. He is a Chartered Accountant by profession (ranked 42nd in all India CA final Exams in 1994). His extensive experience in the accountancy related services and service support of experienced industry professionals has helped us in catering to the business specific needs of clients based in Delhi and NCR region.

Today, we have emerged as one of the leading consultancy service providers in the field of setting up new companies as well as in meeting the needs of other legalities involved. The collective expertise of our team also allows us to offer clients prudent advice related to technology evaluation, assimilation of project reports and studies based on market surveys and research.

Backed by services of experienced consultants, we are successfully meeting the varied business requirements of our clients. They assist us in keeping up with the growing as well as changing needs of entrepreneurs & business houses. Further, their mastery in various disciplines also helps us to efficiently undertake work related to identifying new project opportunities, sourcing of relevant technology & related industrial know-how matters. This allows us to keep up with growing needs of entrepreneurs & business houses based in India and abroad.

Presently, we are offering our clients effective consultancy services in the field of:

• Special Economic Zone
• Fringe Benefit Tax 
• Project Reports
• Company Formation Services
• VAT / Sales Tax
• Income - Tax Services
• Audit Services

Some of the specialized service areas for Special Economic Zones we handle include:

• Project Identification
• Pre-feasibility studies and reports
• Market survey reports
• Turnkey Project Consultancy/Solutions

Apart from this, we also help our clients to get identified with:

• Laws of the industry like service tax, Vat & other legal formalities
• Entity suitable for them -public, private or sole proprietary
• Formalities needed for company incorporation and registration

India was one of the first countries in Asia to recognize effectiveness of Export Processing Zone (EPZ) model in promoting exports. The main objectives of the SEZ Act are:

• Generation of additional economic activity
• Promotion of exports of goods & services
• Promotion of investment from domestic & foreign sources
• Creation of employment opportunities
• Development of infrastructure facilities

SEZ Rules Provide For:

• Simplified procedures for development, operation & maintenance of Special Economic Zones
• Single window clearance for setting up of SEZ
• Single window clearance for setting up unit in Special Economic Zone
• Single Window clearance on matters relating to Central & State Governments
• Simplified compliance procedures & documentation with emphasis on self certification

Incentives and facilities offered to SEZs : The incentives and facilities offered to units operating from SEZs include:

• Duty free import/domestic procurement of goods for development, operation & maintenance of SEZ units
• 100% Income Tax exemption on export income for SEZ units under Section 10AA of Income Tax Act for first 5 years, 50% for next 5 years thereafter & 50% of ploughed back export profit for next 5 years
• Exemption from minimum alternate tax under section 115JB of the Income Tax Act
• External commercial borrowing by SEZ units up to US $ 500 million in a year without any maturity restriction through recognized banking channels
• Exemption from Central Sales Tax
• Exemption from Service Tax
• Single window clearance for Central & State level approvals
• Exemption from State sales tax & other levies as extended by respective State Governments

Our chartered accountancy and financial services are meeting the demands of:

• Public Relations sector
• Pharmaceutical sector
• Textile sector
• Joint Venture Advisory Industries
• Software and IT enabled companies
• Education and welfare sector
• Manufacturing and trading sector
• Banks
• Cosmetics and beauty products sector

Our business operations are led by Mr. Rajesh Raj Gupta, a distinguished personality in the field of chartered accountancy. His area of expertise includes consultancy in outbound & inbound investment, foreign collaborations, setting up of liaison/project/branch office in India and others.

Under his able guidance, our team of experienced chartered accountants and other associated service professionals dedicatedly work towards providing customers efficient as well as cost effective services across industry verticals. The active supervision & guidance of our mentors have also helped us in having a better understanding of client’s specific needs. Our collective expertise also helps us to offer clients logical solutions that help them in generating better profits from their respective businesses.

Some of our strengths that assist us in flawlessly handle the involved processes include:

• Team of professional experts having requisite expertise & knowledge in involved processes and applications
• Expertise in assessing problem areas and suggesting clients cost effective solutions
• Strong academic background and teamwork that enable us in providing consultation in most effective manner
  

We have with us services of experienced chartered accountants and other associated industry professionals that include lawyers, solicitors, MBAs and others. Their extensive industry experience & in depth knowledge on the associated subjects also assists us in:

• Developing new processes
• Helping us in delivering better range of services to our clients
• Meet the specific business needs of small, medium and large sized businesses and establishments
• Gain trust & appreciation from our clients

We also have extensive expertise in the handling of turnkey projects. The range of services offered under this includes:

• Site selection
• Selection of plant & machinery
• Setting up of plants
• Export of processed products
• Getting industrial licenses/ letter of indents as well as fulfilling other government formalities

Apart from this, we also offer clients many other associated services as per their customized requirements.

Some of the other service areas we hold expertise in include :

Company Formation

• We offer to clients services of proficient consultants in the field of company formation
• Extensive experience of our team of professional CA's & associated staff assist our clients in timely completing all the legalities involved

Company Incorporation

• Our team of professional CA’s has extensive experience in the field of company incorporation procedures
• Their knowledge regarding involved rules and regulations assist clients in quickly getting companies incorporated without much hassles

Company Registration

• We have extensive experience in getting the company registered with competent authorities
• Our close understanding of legalities involved assists us in getting over with required formalities quickly thus saving trouble or hassle for our clients

Offshore Company Formation

• We offer clients services for setting up of companies in offshore locations
• Extensive experience of our legal experts including in depth knowledge of legalities involved assist clients in easily setting up offshore business units

Guidance For FDI Investment

• Our investment professionals help us in offering clients valuable guidance in the field of FDI investment
• The close market touch maintained by our professionals allow them to offer clients valuable suggestions that would maximize their profits

Legal Compliance In India

• Team of legal experts assisting clients in overcoming all legal complexities involved
• Our connections with various regulatory offices also assures clients of getting the job completed quickly without any hassles involved

Our active focus towards delivering effective chartered accountancy and other related solutions have helped us in meeting client’s specific business requirements. Further, the dedicated work approach of our team has also helped us in making many quality conscious patrons in the Indian markets.

We have with us support of many quality conscious clients that includes:

• ICICI Bank
• HDFC Bank
• HSBC Bank

Some of the important steps involved in providing clients effective services include :

Project Identification

• Experienced consultants undertaking project identification to evaluate process of selecting, validating & approving projects of clients for initiation
• Assessment is undertaken in regard to evaluation of resources, amount of time required for coordination work, use of new & emerging technologies, formulating work process etcthat helps us to identify the feasibility of the project

Pre Feasibility Report

• We offer clients detailed pre feasibility reports
• These come with extensive & reliable database
• Reports offered are used by clients for assessing markets as well as potential negotiating power
• Critical project information made accessible by us at short notice periods & at economical costs

Assessing Practicality of Project Execution Report

• We undertake assessment regarding practicality of project execution report
• It assists us to identify & meet the requirements of specific geographic areas

Market Survey Reports

• We offer clients authentic & well researched market survey reports
• This provides relevant information on market potential for specific products and services

Our survey reports help clients to formulate policies regarding:

• Promotional programs
• Market strategy
• Present market position
• Expected future demand

These market surveys are prepared by panel of experts, researchers and analyzers. They ensure that surveys being done are highly focused and extensive in nature. Some of the major features of our market report include identifying:

• Dealer network
• Industrial structure
• Requirement of installed capacity
• Demand & supply gap
• Increase of expected demand over coming years
• Assessment of demand

The salient service features that distinguish us from our competitors include:

• Our extensive industry experience
• Service support provided by industry experts
• Single platform for multiple financial solutions
• Practical consultancy services that are based on legal codes
• Innovative & flexible work approach
• Team of experts having in-depth knowledge & experience in relative fields handled