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Consulting

Mynd Solutions provides consultancy in various areas that concern set up of business and also day to day functioning. We are a one stop shop for any entity coming into or setting up new business in India, covering company formation to all statutory approvals from RBI, company law, Software technology parks, SEZ or Direct / indirect tax perspectives. We believe in providing tailor made solutions and guide each company through the various statutory options available. Our service range in consultancy covers areas such as:
  • Set up of STPI units / EOUs / SEZ in India and related consultancy
  • Incorporation of companies
  • Tax consultancy including registration with Income tax authorities
  • Company law consultancy and compliance
  • Indirect taxes - consultancy on Sales tax / VAT / Excise and customs
  • Consulting for RBI related compliance in India
  • Consulting for taxation in India
  • Consulting for Compliance In India
  • Direct Tax and Indirect Tax Compliance in India
  • Compliance under Shops and Establishment Act
  • RBI related compliance in India
  • Business Advisory services.
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Audit & Tax Compliances
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Audit & Tax Compliances

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Mynd’s internal audit & tax and compliance approach enables our client’s management to make smarter decisions regarding the types of controls necessary and the level of controls necessary to achieve the organizations objectives. 
We provide best in class Internal Audit & Tax and Compliance Services to our clients in local and global markets, while enabling them to comply with requisite requirements in the robust and challenging environment of regulations and International Accounting standards.
Our Internal Audit Department strives to ensure that Internal Audit is conducted with the highest standards & auditing procedures to ensure total compliance of client’s requirements. Our advanced auditing approach and techniques are designed to meet the needs of large, established and growing organizations. The prime focus during the audit is kept on understanding the important transaction cycles affecting our clients business.

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IFRS
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IFRS

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Mynd’s multidisciplinary capabilities are outstanding in the industry, and the talented pool of IFRS professionals is adept at providing services that span the breadth of the issue at hand. Mynd’s IFRS service offerings include IFRS implementation services and reporting advisory services.
Our IFRS team has significant experience from a large number of IFRS engagements executed over the past years. Mynd’s professionals have across the board experience in helping clients plan and execute complex and challenging IFRS conversions, and can provide assistance with different facets of the implementation process. We help clients to successfully manage the change to IFRS by preparing for it. We ensure that our clients plan/understand the transition process and anticipate issues that their business will face on using the IFRS converge standards by helping companies in:
  • Evaluating the potential impacts of IFRS on the organization.
  • Carrying out readiness review for IFRS conversion.
  • Implementing plan for IFRS conversion, including training and research support.
  • Developing plan for sustainability.
  • Designing and implementing control frameworks.
  • Streamlining statutory financial reporting process.
IFRS are the International Financial Reporting Standards issued by International Accounting Standard Board (IASB).IFRS literature consists of IFRS, IAS, IFRIC & SIC Interpretations. IFRS convergence is likely to take place by 1st April 2011 in India and comparatives to be developed by 1st April 2010 (i.e., by 31st March 2010).
At Mynd, we are working towards aligning the business processes and reporting requirements for meeting the IFRS Requirements. Certainly, we can help you to comply with IFRS requirements by doing the gap analysis against the requirements and support organization to prepare them to implement the process required for same.
Offering from Mynd
  • Corporate and Institutional Trainings
  • Transition from GAAP to IFRS
  • Support to Integrate IFRS with Clients Accounting Software

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