Nikunj Agarwal

Accounting & Taxation

1. Statutory Audit:

• Exposure and valuable experience (as key member of the team) on Statutory Audit of Listed Company, Unlisted Public Co, Various Private Co, Group Companies Audit and Partnership firms.

(Major Clients:-

a. NHPC Limited (A Govt. of India Mini Ranta Company engaged in Hydroelectric Power Generation),

b. Chenab Valley Power Projects Private Limited (A JV of Govt controlled entities engaged in Hydroelectric Power Generation)

• Prepared reports and materials to assist with audits.
• Collaborated with team members to complete audits in a timely manner, improving overall department productivity.
• Streamlined audit processes for improved efficiency and reduced errors.
• Prepared working papers, reports and supporting documentation for audit findings.
• Verification of the Companies operational Revenue and patch contract liability, along with documentation of work contract
• Verification of trade receivable, ensuring through scrutiny of ageing schedules, confirmation of balance, and assessment of allowances for doubtful account to evaluate their accuracy and recoverability
• Verification for the existence completeness, and accuracy of Cash and cash equivalents including bank balance reconciliation and compliances with accounting standards
• Checking of Financial liabilities, verifying their proper classification, measurement, disclosure, and compliance with relevant accounting standards and contractual obligation
• Verification the accuracy of Property plant and Equipment valuation, depreciation calculation and compliance with Indian Accounting Standard to assess their carrying value.
• Ensuring that all Statutory dues and obligation have been accurately recorded and paid to assess financial stability and compliances Scrutiny of Various Ledger, Trial Balance, and Analysis of Financial Statement
• Ensuring timely and duly compliances by NBFCs as per the requirement of RBI.
• Drafting of Financial Statement of Companies & Non- Companies as per relevant guidelines.
• Ensured compliance with regulatory requirements through meticulous attention to detail and consistent application of accounting standards.
• Preparation of Standalone and Consolidated Statutory Audit Report, CARO and IFC Report.
• Maintained records and files to furnish reliable documentation.
• Verification of Consolidation of Group Entities as per relevant Accounting Standards or Indian Accounting Standards.
• Elimination of Inter Group Transactions
• Verification of Balances of Minority Shareholders in the Group.

2. Taxation:

• Preparation of Income Tax Computation as per Taxation Laws
• Verification and Checking of necessary clauses relating to Tax Audit.
• Conduct of Tax Audit U/s 44 AB of Income Tax Act 1962
• Preparing Form 3CA/3CB/3CD for Listed Company, Unlisted public Company, Private companies, LLPs, Firms, Individuals.
• Preparation of Financials for Individuals and E-filling of Return.
• Preparation of Detailed Reconciliation Report as per Statutory compliances: ex. TDS Expense Reco, TDS Liability & Payment Reco, GST Reco w.r.t. GSTR-1, GSTR-2, GSTR-3B, and Books, etc.
• Preparation & Filing of GST Returns.

3. Mergers & Acquisitions & Corporate Restructurings:

• Identified synergies between merging entities, maximizing value creation through effective integration planning.
• Evaluated economic trends and industry developments to provide informed recommendations for investment opportunities.
• Reviewed legal documents and contracts to ensure compliance with regulatory requirements throughout deal execution.
• Created and maintained precise and accurate models, charts and reports.
• Assisted in preparation of presentations, data tables and other documents for investor meetings.
• Assisted in detailed planning & procedures throughout the process of Mergers, Demergers & Acquisition.
• Assisted in preparation of Schemes of Arrangements of Merger, Merger & Demerger to be presented before the competent authority.
• Assisted in identifying synergies due to the merger & demerger.
• Developed financial projections and forecasts to guide investment decisions.
• Analyzed various options & plans for restructuring of the Corporate Entities.
• Analysis of Buy-Back Decisions.
• Analysis of plans for raising funds.
• Played a key role in a corporate restructuring process, analysis of requirement for restructuring & the possible ways to do it.
• ( Major Clients:- Microtek International Private Limited, Okaya Group, etc.)

4. Forensic Accounting:-

• Forensic Audit of an Stock Broker

5. Other Misc. Areas:

• Consultancy Services to various clients in various areas
• Certifications related to FAME-II Scheme, NEt Worth, 15CB, etc.
• Conversion of AS Complied Financial Statements into Ind AS Complied Financial Statements.
• Preparations & Filings of forms & periodical statements to be submitted with RBI by the NBFCs
• Lead as the Team Member for Audit of PSU & various small clients

• Reconciled worksheets to verify accuracy of documents or records.
• Prepared detailed journal entries to accurately record transactions, improving internal controls and transparency.
• Reconciled statements to resolve discrepancies.
• Reviewed customer accounts to identify and resolve irregularities.
• Ensured compliance with regulatory requirements through meticulous attention to detail and consistent application of accounting standards.
• Collaborated cross-functionally to identify account issues and propose solutions.
• Used accounting software to issue tax returns and prepare consolidated reports.