NIRANJAN ALVA & ASSOCIATES
NIRANJAN ALVA & ASSOCIATES
In-depth financial and secretarial diligence for funding, M&A and compliance.
Due diligence is a critical process undertaken to evaluate the legal, financial, and regulatory health of a business before mergers, acquisitions, investments, or strategic partnerships. It provides stakeholders with clarity on risks, liabilities, and compliance gaps that may affect the transaction or future operations.
Our firm offers comprehensive financial and secretarial due diligence services tailored to the purpose and scale of the review—be it for internal risk assessment, investor requirements, acquisition planning, or regulatory checks.
Scope of Financial Due Diligence includes:
Review of audited and unaudited financial statements, trial balance, ledgers, and key financial ratios
Analysis of revenue streams, cost structures, and profitability
Verification of assets, liabilities, and contingent liabilities
Review of outstanding loans, guarantees, and related-party transactions
Examination of tax compliances including income tax, TDS, GST, and past assessments
Review of internal financial controls, accounting policies, and cash flow
Identification of financial irregularities or potential risks impacting valuation or continuity
Scope of Secretarial Due Diligence includes:
Review of incorporation documents, MoA, AoA, and amendments
Examination of statutory registers, meeting minutes, resolutions, and shareholder records
Review of annual filings with ROC (e.g., MGT-7, AOC-4) and Board/Shareholder approvals
Verification of director appointments, KYC status, and DIN compliance
Check on shareholding pattern, transfer of shares, and issuance/allotment history
Assessment of compliance with Companies Act, 2013, and applicable secretarial standards
Review of FEMA-related filings (if foreign investment is involved)
Identification of legal or procedural non-compliances and risk exposure
The due diligence report provides a consolidated view of findings, highlighting red flags, irregularities, and areas of concern along with observations for corrective action. It serves as a valuable tool in decision-making for investors, acquirers, management, and legal advisors.