CA Jeenal Shah

Conducting Inspection & Audits

• Perform timely and systematic inspections of trading members, branches and Authorized persons (APs), ensuring they comply with SEBI and NSE norms.
• Conduct both on-site and off-site inspections according to a pre-defined compliance calendar and risk-based criteria.
• Send Letters of Observations (LOs), analyze member responses, and follow through on implementation of corrective measures.

Compliance Coordination & Monitoring

• Track adherence to regulatory mandates – such as KYC, client registration, margin collection, and client dealings – in line with NSE's master circular and guidelines.
• Engage with IT teams to enhance systems, controls and procedures, and training aimed at improving compliance.

Stakeholder Engagement

• Coordinate with trading members to schedule inspections and communicate expectations via formal letters.
• Liase with SEBI and other regulatory bodies, address their queries, and furnish required compliance reports.
• Facilitate training of internal teams and members for better inspection readiness and regulatory compliance.
• Leadership skills with ability to guide teams and manage regulatory interactions.

• Managed accounting, financial reporting, and compliance for Infrastructure Investment Trust (InvIT) structures in accordance with regulatory guidelines issued by the SEBI.
• Ensured SPV consolidation for the InvIT, holding companies, and project SPVs in line with applicable standards.
• Ensured compliance with InvIT distribution requirements, including the calculation and declaration of Net Distributable Cash Flow (NDCF) to investors.
• Oversaw valuation reports of infrastructure assets prepared by independent valuers, as per InvIT regulations.
• Prepared investor presentations for board meetings and investor communications.
• Supported due diligence and acquisition of infrastructure assets into the InvIT structure.
• Prepared and managed the annual budget and operating plan, ensuring alignment with organizational financial goals and strategic objectives.
• Oversee statutory compliance, including income tax, GST, and regulatory filings.

• Overall review and closure of financials, including consolidation of group entities, monthly MIS, and statutory audit for the group.
• Overall review of tax compliance (DT + IDT) and adherence to the timelines.
• Review and be responsible for timely vendor payments.
• Preparation of the annual budget and five-year business plan.

India Infrastructure Trust (Pipeline InvIT), operating SPV of the Brookfield group (Sep 2019 - Aug 2022), and India Grid Trust (Power InvIT, operating SPV of the KKR group) (Aug 22 - Oct 23).

• Preparation and presentation of financial statements, including the consolidation of 20 entities under IND AS.
• Closing month-end accounting for inter-company elimination.
• Preparation of the monthly MIS report for management purposes.
• Preparation and publishing of quarterly, half-yearly, and annual financial statements of InvIT and its SPVs on a standalone as well as consolidated basis.
• Preparation of related party and other disclosures under SEBI InvIT regulations.
• Supported the Compliance team during regulatory inspections by the Securities and Exchange Board of India (SEBI) related to InvIT operations and documentation.
• Collaborated with the Compliance team on the preparation, review, and submission of statutory filings in compliance with SEBI requirements.
• Coordinated with internal auditors, statutory auditors, and process owners for testing of key controls, walkthroughs, and documentation of SOX/IFC compliance.
• Oversee statutory compliance, including income tax, GST, and other regulatory filings applicable to InvIT.
• Prepared risk control matrices (RCM) and control documentation for key processes.
• Streamlined Net Distributable Cash Flow (NDCF) calculation and distribution process, improving accuracy and reporting timelines.
• Coordinate with external auditors, tax consultants, and regulatory authorities.

CA Firm (Dec 15 - Aug 17) & H-Energy Private Limited (Hiranandani Group) (Sep 17 - Aug 19).

Direct Tax:

• Preparation and filing of Income Tax Returns (ITR) for individuals, firms, and companies.
• TDS compliance, calculation, deduction, payment, and filing of TDS returns (24Q, 26Q, and 27Q)
• Preparation of an issuance of Form 16 and Form 16A.
• TDS reconciliation with Form 24Q/26AS, and handling correction returns.
• Computation of advance tax.
• Assistance in tax audits (Form 3CA, 3CB, and 3CD)
• Handling income tax notices and compliance on the IT portal.

GST compliance:

• Preparation and filing of GST returns (GSTR 1, GSTR 3B, GSTR 2B reconciliation).
• Input Tax Credit (ITC) reconciliation with the purchase register and GSTR-2B.
• Preparation of GST workings and tax liability calculations.
• Assistance in GST audit and annual return (GSTR 9, GSTR-9C)
• Handling of GST notices and portal compliance.

• Assisted in conducting statutory audits of companies, ensuring compliance with applicable accounting standards, and regulatory requirements.
• Performed internal audit assignments, including a review of internal controls, risk assessment, and process improvement recommendations.
• Handled direct tax compliance, including the preparation and filing of Income Tax Returns for individuals, firms, and companies.
• Assisted in tax audit assignments under the Income Tax Act, and preparation of related reports and working papers.
• Participated in the finalization of financial statements, including the balance sheet, profit and loss account, and supporting schedules.
• Prepared and reviewed financial statements and audit documentation in accordance with applicable accounting standards.
• Conducted bank and statutory reconciliations, and verified supporting documents to ensure the accuracy of financial records.
• Coordinated with clients and internal teams to collect financial data and resolve audit and tax-related queries efficiently.
• Gained exposure to corporate laws, compliance procedures, and regulatory filings during various client engagements.