S. R. HEGDE & CO.

CHARTERED
ACCOUNTANTS
A Project Submitted to

University of Mumbai for partial completion of the degree of

Bachelor in Commerce (Accounting and Finance)

Under the Faculty of Commerce

By

PRANALI YASHWANT PARAB

Roll No. 868

Under the Guidance of

DEEPIKA ARORA

CHIKITSAK SAMUHA’S SIR SITARAM & LADY SHANTABAI PATKAR

COLLEGEOF ARTS & SCIENCE, AND V. P. VARDE COLLEGE OF
COMMERCE & ECONOMICS
GOREGAON (WEST), MUMBAI 400 062
AN AUTONOMOUS COLLEGE, UNIVERSITY OF MUMBAI

MARCH 2019-20
 S. R. HEGDE & CO.
CHARTERED
ACCOUNTANTS
A Project Submitted to

University of Mumbai for partial completion of the degree of

Bachelor in Commerce (Accounting and Finance)

Under the Faculty of Commerce

By

PRANALI YASHWANT PARAB

Roll No. 868

Under the Guidance of

DEEPIKA ARORA

CHIKITSAK SAMUHA’S SIR SITARAM & LADY SHANTABAI PATKAR

COLLEGEOF ARTS & SCIENCE, AND V. P. VARDE COLLEGE OF
COMMERCE & ECONOMICS
GOREGAON (WEST), MUMBAI 400 062
AN AUTONOMOUS COLLEGE, UNIVERSITY OF MUMBAI

MARCH 2019-20
 Index

Chapter Title of Chapter Page

No. No.

1. Introduction

2. Research Methodology

2.1 Objective

3. Literature Review

4. INTERNSHIP REPORT

5. Conclusions and Suggestions

6. Bibliography
 CHIKITSAK SAMUHA’S SIR SITARAM & LADY SHANTABAI
PATKAR
COLLEGEOF ARTS & SCIENCE, AND V. P. VARDE COLLEGE OF
COMMERCE & ECONOMICS GOREGAON (WEST), MUMBAI 400 062

Certificate

This is to certify that Miss. Pranali Yashwant Parab has worked and duly completed her
Project Work for the degree of Bachelor in Commerce (Accounting & Finance) under the
Faculty of Commerce in the subject of S. R. Hegde & Co., Chartered Accountants and her
project is entitled, “__________ ___________________ ” under my supervision. I
further certify that the entire work has been done by the learner under my guidance and
that no part of it has been submitted previously for any Degree or Diploma of any
University.

It is her own work and facts reported by her personal findings and investigations.

_______________________________

Seal of the
Company Name and signature of Guiding
Teacher

_______________________________
Signature of Course Coordinator

_______________________________

Signature of Course Coordinator

Date of submission:

Declaration by learner

I the undersigned Miss Pranali Yashwant Parab here by, declare that the work embodied in
this project work titled “S. R. Hegde & Co., Chartered Accountants”, forms my own
contribution to the research work carried out under the guidance of Name of the guiding
teacher is a result of my own research work and has not been previously submitted to any
other University for any other Degree/ Diploma to this or any other University.

Wherever reference has been made to previous works of others, it has been clearly
indicated as such and included in the bibliography.

I, here by further declare that all information of this document has been obtained and
presented in accordance with academic rules and ethical conduct.

Name and Signature of the

learner

Certified by

Name and signature of the Guiding Teacher

 (Acknowledgement)

To list who all have helped me is difficult because they are so numerous and the depth is
so enormous.

I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of this project.

I take this opportunity to thank the University of Mumbai for giving me chance to do
this project.

I would like to thank my Principal, Mala for providing the necessary facilities required
for completion of this project.

I take this opportunity to thank our Coordinator Zeba Khan, for her moral support and
guidance.

I would also like to express my sincere gratitude towards my project guide Deepika
Arora whose guidance and care made the project successful.

I would like to thank my College Library, for having provided various reference books
and magazines related to my project.

Lastly, I would like to thank each and every person who directly or indirectly helped me
in the completion of the project especially my Parents and Peers who supported me
throughout my project.

Name and Signature of the

learner
 Chapter 1. INTRODUCTION

The Institute of Chartered Accountants of India (ICAI) is the national professional

accounting body of India. It was established on 1 July 1949 as a statutory body under
the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the
provisional Parliament of India) to regulate the profession of Chartered Accountancy
in India. ICAI is the second largest professional Accounting & Finance body in the
world. ICAI is the only licensing cum regulating body of the financial audit and
accountancy profession in India. It recommends the accounting standards to be
followed by companies in India to National Financial Reporting Authority and sets the
accounting standards to be followed by other types of organisations. ICAI is solely
responsible for setting the Standards on Auditing (SAs) to be followed in the audit of
financial statements in India. It also issues other technical standards like Standards on
Internal Audit (SIA), Corporate Affairs Standards (CAS) etc. to be followed by
practicing Chartered Accountants. It works closely with the Government of India,
Reserve Bank of India and the Securities and Exchange Board of India in formulating
and enforcing such standards.

Members of the Institute are known as Chartered Accountants (either Fellow or

Associate). However, the word chartered does not refer to or flow from any Royal
Charter. Chartered Accountants are subject to a published Code of Ethics and
professional standards, violation of which is subject to disciplinary action. Only a
member of ICAI can be appointed as statutory auditor of a company under the
Companies Act, 2013. The management of the Institute is vested with its Council with
the president acting as its Chief Executive Authority. A person can become a member
of ICAI by taking prescribed examinations and undergoing three years of practical
training. The membership course is well known for its rigorous standards. ICAI has
entered into mutual recognition agreements with other professional accounting bodies
worldwide for reciprocal membership recognition. ICAI is one of the founder
members of the International Federation of Accountants (IFAC), South Asian
Federation of Accountants (SAFA), and Confederation of Asian and Pacific
Accountants (CAPA). ICAI was formerly the provisional jurisdiction for XBRL
International in India. In 2010, it promoted extensible Business Reporting Language
(XBRL) India as a section 25 company (now section 8 of Companies Act, 2013) to
take over this responsibility from it. Now, extensible Business Reporting Language
(XBRL) India is an established jurisdiction of XBRL International Inc.
Chartered accountants were the first accountants to form a professional accounting
body, initially established in Scotland in 1854. The Edinburgh Society of Accountants
(1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen
Society of Accountants (1867) were each granted a royal charter almost from their
inception. The title is an internationally recognised professional designation; the
certified public accountant designation is generally equivalent to it. Women were able
to become chartered accountants only following the Sex Disqualification (Removal)
Act 1919 after which, in 1920, Mary Harris Smith was recognised by the Institute of
Chartered Accountants in England and Wales and became the first woman chartered
accountant in the world.
Chartered accountants work in all fields of business and finance, including auditing,
taxation, financial and general management. Some are engaged in public practice
work, others work in the private sector and some are employed by government bodies.
Chartered accountants institutes require members to undertake a minimum level of
continuing professional development to stay professionally competitive. They
facilitate special interest groups (for instance, entertainment and media, or insolvency
and restructuring) which lead in their fields. They provide support to members by
offering advisory services, technical helplines and technical libraries. They also offer
opportunities for professional networking, career and business development.

Chartered Accountants enjoy a statutory monopoly in audit of financial statements

under the Companies Act, 2013, Income Tax Act, 1961 and various other statutes in
India.

In India, Chartered Accountants are regulated by the Institute of Chartered

Accountants of India (ICAI) which was established by the Chartered Accountants Act,
1949. Associate members of the ICAI are entitled to add the prefix CA to their names.
Members who are in full-time practice, and have completed five years of practice, can
use FCA.
Members of the Institute are known as Chartered Accountants. Becoming a member
requires passing the prescribed examinations, three years of practical training (known
as articleship) and meeting other requirements under the Act and Regulations. A
member of ICAI can use the title CA before his/her name. A member of ICAI may
either be an Associate Chartered Accountant (A.C.A.) or a Fellow Chartered
Accountant (F.C.A.) based on his experience. Further based on holding Certificate of
Practice, they may also be classified as practicing and non-practicing Chartered
Accountants. As of December 2017, the Institute has 2,80,221 members out of which
1,89,707 are Associates and 90,514 are Fellows. The B.N. Chaturvedi Family is
credited to be the only family in India to be Chartered Accountants in 5 Generations.

S. R. Hegde & Co., Chartered Accountants was set up in the year 1988 by CA Subhas
Hegde who has more than 25 years.
Our company has qualified, non-qualified interns and employees which are highly
dedicated towards their profession.
During the initial period since 1988, secured vast experience in various types of
manufacturing / trading /service company/concerns audits such as:
a. Statutory Audits of Seksaria Group & several others.
b. Internal Audit of Builders Conwood / Dynamix Group, Sky Couriers & several
others.
c. Tax Audits of several Limited companies/ proprietor companies, etc.
d. Income Tax Consultancy for innumerable salaried clients/ proprietor &
partnership business/ companies, etc.
e. Bank Audit such as statutory Audit, concurrent Audit & recurring Audit & stock
audit of several branches.
f. Project finance consultancy & Public Issues
g. Sales tax, service tax for several major clients.
h. Company Law matters
i. At present, since last 25 years, the main area of practice is in the field of
Company Law Matters, specialized in providing complete range of corporate
advisory and transaction support services under one roof which include mergers,
 acquisitions, strategic planning, restructuring, takeover, valuation of Business,
reduction of capital, buyback & winding up. Services are offered on 'Turnkey'
basis or as customized assignments.

The firm has a team of professionals led by CA Subhas R. Hegde in practice since 32
years, Shruti Kelji, Advocate in practice since last 13 years and by CS Ramchandra
Shetty, Manager, who is in practice since last 48 years. The firm has been very active
in restructuring of companies such as M & A and has vast experience in the said field
for 25 years. The firm has been ably assisted by a team of Chartered Accountants,
Company Secretaries, Legal professionals etc. The firm also maintains a panel of
advocates, counsels, chartered accountants etc. whose service are availed, whenever
required.

S. R. Hegde & Co. strives to provide quality services in the areas of Audit,
Management Consultancy, Taxation (Direct and Indirect), Company Law Matters.
The company also deal with many CA’s Firm including big four accounting firms.

Big Four accounting firms

The Big Four is the nickname used to refer collectively to the four largest professional
services networks in the world, consisting of Deloitte, Ernst & Young, KPMG, and
PricewaterhouseCoopers. The four networks are often grouped together for a number
of reasons; they are each comparable in size relative to the rest of the market, both in
terms of revenue and workforce; they are each considered equal in their ability to
provide a wide scope of quality professional services to their clients; and, among
those looking to start a career in professional services, particularly accounting, they
are considered equally attractive networks to work in, because of the frequency with
which these firms engage with Fortune 500 companies.

The Big Four each offer audit, assurance, taxation, management consulting, actuarial,
corporate finance, and legal services to their clients. A significant majority of the
audits of public companies, as well as many audits of private companies, are
conducted by these four networks.
Until the late 20th century, the market for professional services was actually
dominated by eight networks (which were aptly nicknamed at the time as the "Big 8"),
but this number was gradually reduced due to mergers between these firms, as well as
the 2002 collapse of Arthur Andersen, leaving four networks dominating the market at
the turn of the 21st century. In the United Kingdom in 2011, it was reported that the
Big Four account for the audits of 99% of the companies in the FTSE 100, and 96% of
the companies in the FTSE 250 Index, an index of the leading mid-cap listing
companies.[1] Such a high level of industry concentration has caused concern, and a
desire among some in the investment community for the Competition and Markets
Authority to consider breaking up the Big Four. In October 2018, the CMA
announced it would launch a detailed study of the Big Four's dominance of the audit
sector.
REVENUE COMPARISON

Revenue
Fiscal
Firm Revenues Employees per Headquarters
year
employee

United
Deloitte $46.2 bn 312,028 $148,077 2019
Kingdom

United
PWC $42.45 bn 276,005 $153,794 2019
Kingdom

United
EY $36.4 bn 284,000 $128,169 2019
Kingdom

KPMG $29.75 bn 219,281 $135,671 2019 Switzerland

DELOITTE
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a
multinational professional services network. Deloitte is one of the "Big Four"
accounting organizations and the largest professional services network in the world by
revenue and number of professionals with headquarters in London, United Kingdom.
Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services
with approximately 312,000 professionals globally. In F.Y. 2019, the network earned
a record US$ 46.2 billion in aggregate revenues. As of 2017, Deloitte is the 4th largest
privately owned company in the United States. Deloitte has been ranked number one
by market share in consulting by Gartner, and for the fourth consecutive year,
Kennedy Consulting Research and Advisory ranks Deloitte number one in both global
consulting and management consulting based on aggregate revenue.
In India, Deloitte offers a range of Risk Advisory, Tax, Consulting and Financial
Advisory services across thirteen cities.
Our existence for over a century in the professional arena supplements the technical
proficiency of the client service teams to create powerful business solutions tailored to
the client's need.
We focus on clients. We take pride in our ability to provide quality services whether
they are an owner-managed business or a large multinational corporation. We are a
multi-skilled, multi-disciplined firm, offering clients a wide range of industry-focused
business solutions.
We recruit the brightest and the best whatever their specialization. We combine the
dynamism and fluid-thinking of the young graduate, with the business knowledge and
insight of the seasoned executive. Investing in our people means our clients get world-
class expertise to solve their complex business problems.

PWC
Price water house Coopers International Limited (doing business as PWC) is a
multinational professional services network with headquarters in London, United
Kingdom. PwC ranks as the second largest professional services firm in the world and
is considered one of the Big Four accounting firms, along with Deloitte, EY and
KPMG.
PwC is a network of firms in 158 countries, 721 locations, with 250,930 people. As of
2018, 28% of the workforce worked in Asia, 28% in North America and the
Caribbean and 30% in Western Europe. The company's global revenues were $41.3
billion in FY 2018, of which $17.06 billion was generated by its Assurance practice,
$10.45 billion by its Tax practice and $13.78 billion by its Advisory practice. PWC
provides services to 420 out of 500 Fortune 500 companies.
The firm in its present form was created in 1998 by a merger between two accounting
firms; Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating
back to the 19th century. The trading name was shortened to PwC in September 2010
as part of a rebranding effort.
KPMG
KPMG International Cooperative (or simply KPMG) is a multinational professional
services network, and one of the Big Four accounting organizations.
Seated in Amstelveen, the Netherlands, KPMG is a network of firms in 154 countries,
with 207,050 people and has three lines of services: financial audit, tax, and advisory.
Its tax and advisory services are further divided into various service groups.
The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". It was chosen
when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987.

Ernst & Young

Ernst & Young Global Limited, commonly known as Ernst & Young or simply EY, is
a multinational professional services firm headquartered in London, England, United
Kingdom. EY is one of the largest professional services firms in the world. Along
with Deloitte, KPMG and PricewaterhouseCoopers, it is considered one of the Big
Four accounting firms. It primarily provides assurance (which includes financial
audit), tax, consulting and advisory services to its clients. Like many of the larger
accounting firms in recent years, EY has expanded into markets adjacent to
accounting, including strategy, operations, HR, technology, and financial services
consulting.
EY operates as a network of member firms which are structured as separate legal
entities in a partnership, which has over 270,000 employees in over 700 offices in 150
countries around the world. The firm's current partnership was formed in 1989 by a
merger of two accounting firms; Ernst & Whinney and Arthur Young & Co. It was
aptly named Ernst & Young until a rebranding campaign officially changed its name
to EY in 2013, although this initialism was already used informally prior to its
sanctioning adoption.

In 2019, EY was the seventh largest privately owned organization in the United
States. EY has continuously been ranked on Fortune magazine's list of the 100 Best
Companies to Work for the past 21 years, longer than any other accounting firm.
The brief profile of nature of services provided specially in the case of M & A in the
past to our valued clients is as follows:-

Handling and scheming of M & A activities i.e. restructuring and advising

corporate for mergers/demerger, reduction of capital and winding up of
company.

 The aforesaid activity encompasses in general either all or partly the

following:-
a. Due diligence
b. Assisting in Company Law Matters directly or indirectly in
connection to the scheme
c. Assisting in preparation of valuation report
d. Conceptualising and Designing the scheme
e. Preparation of all relevant documents
f. Appointment and briefing advocates/consultants for filing petition &
appearance in the court / NCLT
g. Clearance of scheme at RD , ROC, OL and Court / NCLT
h. Obtaining the certificate from the stamp duty authorities.

 The list of Major Clientele handled are as follows:-

A. HINDUSTHAN LEVER GROUP

i. Bon Limited With Hindustan Unilever Limited
ii. International Bestfoods Limited & Others With Hindustan Lever
Limited

B. TATA GROUP
i. Gateway Hotels And Getaway Resorts Limited With The Indian
Hotels Company Limited
ii. Tata Infotech Limited With Tata Consultancy Services Limited
iii. Tata BP Lubricants India Limited With Castrol India Limited
 iv. Indian Resort Hotels Limited & Asia Pacific Hotels Limited &
Kuteeram Resorts Pvt.Ltd With The Indian Hotels Company Limited
v. Wyoming 1 (Mauritius) Private Limited With Tata Chemicals Limited.

C. DELOITTE GROUP
i. Deloitte & Touche Consulting India Private Limited And S.B.
Billimoria Consultants Private Limited And Deloitte Corporate
Finance Services India Private Limited And Deloitte Shared Services
India Private Limited And Deloitte Touche Tohmatsu India Private
Limited.

D. ICICI GROUP
i. ICICI Ltd With ICICI Bank Ltd
ii. ICICI Personal Financial Services Limited With ICICI Bank Ltd

E. LODHA GROUP

i. Shri Vardhvinayak Builders Private Limited And Aasthavinayak Real

Estate Private Lmited And Naminath Builders And Farms Private
Limited And Shantinath Designer Construction Private Limited And
Lodha Home Styles Private Limited With Ajitnath Hi-Tech Builders
Private Limited
ii. Lodha Buildtech Private Limited And Lodha Pranik Landmark
Developers Private Limited And Lodha Prime Buildfarms Private
Limited And Sambhavnath Reality And Farms Private Limited And
Lodha Strategic Development Private Limited And Lodha Glowing
Construction Private Limited And Lodha Attentive Developers And
Farms Private Limited And International Airport Builders &
Management Services Private Limited And Lodha Pallazo & Its
Parters And Lodha Construction (Dombivli) & Its Partners With Lodha
Developers Private Limited
iii. Gandhar Builders Private Limited And Shri Nakoda Bhirav Realtors
Private Limited And Lodha Pinnacle Buildtech And Farms Private
 Limited And Sahajanand Hi-Tech Constructions Private Limited With
Palava Dwellers Private Limited
iv. Futuretech Constructions & Precast Private Limited With Hi Build
Constructions And Precast Private Limited
v. Aasthavinayak Estate Company Private Limited With Lodha Land
Developers Private Limited
vi. Mahavir Build Estate Private Limited And Galaxy Premises Private
Limited With Palava Dwellers Private Limited
vii. Proficient Buildwell Private Limited With Jawala Real Estate Private
Limited
viii. Macrotech Constructions Private Limited With Lodha Hi-Rise
Builders Private Limited
ix. Lodha Properties And Realty Private Limited And Chandraprabha
Constructions And Agro Private Limited And Lodha Mile-A-Built
Private Limited And Eknath Land Developers And Farms Private
Limited And Lodha Township Developers Private Limited And Lodha
Proficient Build Private Limited And Lodha Premium Builders Private
Limited And Gajanand Buildtech And Agro Private Limited And
Lodha Textiles Private Limited And Lodha Supreme Buildtech And
Farms Private Limited And Lodha Reality Build And Construction
Private Limited With Sambhavnath Infrabuild And Farms Private
Limited
x. Chetna Infracon Private Limited With Lodha Crown Buildmart Private
Limited
xi. Lodha Novel Buildfarms Private Limited With Lodha Developers
Private Limited
xii. Shreeniwas Cotton Mills Limited And Shreeniwas Abode And House
Private Limited
xiii. Scheme of Amalgamation of Lodha Housing Finance Private Limited
And Finovate Technology Platforms Private Limited And Lodha
Ventures Holdings Private Limited And Lodha Development
Management Private Limited And Helicon Infrastructure Private
Limited And Lodha Corporate Trusteeship Private Limited With Eirian
Consulting Private Limited
 xiv. Scheme of Amalgamation of Spark Inculabs Private Limited With
Lodha Finserv Private Limited
xv. Scheme of Amalgamation of Manan Finserve Private Limited With
Lodha Finserv Private Limited

F. MERCK GROUP
i. Bangalore Genei (India) Private Limited With Merck Specialities
Private Limited
ii. Polymed Healthcare (India) Private Limited With Merck Specialities
Private Limited

G. SERCO GROUP
i. SKR BPO Services Private Limited and Intelenet Global Services
Private Limited with Serco BPO Private Limited.

H. BAYER GROUP
i. Bayer Cropscience India Limited With Bayer (India) Limited

I. ZEE GROUP
i. Zee Interactive Multimedia Limited With SITI Cable Network
Limited.

J. H.R. JOHNSON GROUP

i. H. & R. Johnson (India) Limited and RMC Readymix (India) Private
Limited with Prism Cement Limited.

K. MONSANTO GROUP
i. M/S. Monsanto Services Private Limited and M/S. Vikki’s Agrotech
Private Limited And M/S. Deltapine India Seed Private Limited With
M/S. Monsanto Holdings Private Limited.
L. HINDUJA GROUP
i. Indusind Enterprises & Finance Limited with Indusind Bank Limited.

M. SAINT GOBAIN GROUP

i. Saint-Gobain Weber (India) Limited With SEPR Refractories India
Limited.

N. SHAPOORJI PALLONJI GROUP

i. Shapoorji Pallonji Solar Thermal Private Ltd with Shapoorji Pallonji
Power Projects Private Ltd.
ii. CAMA Properties Private Limited and Shapoorji Pallonji Samalpatti
Operator Services Private Limited With Shapoorji Pallonji
Infrastructure Capital Company Limited.
iii. Scheme of Merger By Absorption of Shapoorji Pallonji Power
Company Limited And SP Biofuel Ventures Private Limited And
Khvafar Investments Private Limited And Sabeena Properties Private
Limited And Alaya Properties Private Limited And SP Nano Products
Private Limited And Malabar Trustee Company Private Limited And
Sp Bio Sciences Private Limited And SP Infocity Developers Private
Limited And Bracewall Builders Private Limited And SP Agri
Management Services Private Limited By Shapoorji Hotels Private
Limited

O. RADHAKRISHNA GROUP
i. Radhakrishna Foodland Carriers Private Limited and Foodland Retail
Solutions Private Limited and Arksoft Enterprise Private Limited With
Radhakrishna Foodland Private Limited.

P. SAURASHTRA GROUP
i. Saurashtra Power Private Limited with Saurashtra Infra And Power
Private Limited.
Q. BRENNTAG GROUP
i. Brenntag India Private Limited with Brenntag Ingredients (India)
Private Limited.

R. SIYARAM GROUP
i. Scheme of Amalgamation of SPG Realty Private Limited With Poddar
Bio - Diesel Private Limited.

S. AEGIS GROUP
i. Scheme of Arrangement Including Merger By Absorption And
Demerger Amongst Clickstreamers India Private Limited And
Contextual Advertising Private Limited And Dentsu India Private
Limited And Dentsu Mediatech Private Limited And Iprospect India
Private Limited And Vizeum Media Services India Private Limited
And Dentsu Aegis Network India Private Limited
ii. Composite Scheme of Arrangement Amongst Carat Media Services
India Private Limited And Isobar India Rivate Limited And
Posterscope Outdoor Advertising Private Limited And Dentsu Aegis
Network India Private Limited
iii. Scheme of Amalgamation Of Blue State Media Private Limited With
Dentsu Webchutney Private Limited
iv. Scheme of Merger By Absorption Of Dentsu Impact Private Limited
By Dentsu Media And Holdings India Private Limited

T. SEKSARIA GROUP
Scheme of Amalgamation of Govind Properties Private Limited with
Govindram Brothers Private Limited

U. IOT GROUP
 Scheme of Arrangement between IOT Infrastructure & Energy Services
Limited and IOT Engineering & Construction Services Limited And IOT
Infrastructures Private Limited

V. AUDITIME GROUP
Scheme of Arrangement between Auditime Information Systems (India)
Limited and Auditime Quality Management Private Limited and AQM
Technologies Private Limited.

W. OTHER MAJOR ASSIGNMENTS

i. Menarini Raunaq Pharma Limited and Inovail Pharmaceuticals (India)
Private Limited With A. Menarini India Private Limited
ii. Samarth Life Sciences Private Limited (Demerged Company) and
Eugon Life Sciences Private Limited
iii. Lavrids Knudsen Maskinfabrik (India) Limited With Alfa Laval
(India) Limited
iv. Alfa Laval Financial Services Limited With Alfa Laval (India) Limited
v. Alstom Power Boilers Limited With Alstom Power India Limited
vi. Ifeon Paediatrics Limited With USV Limited
vii. Schenectady Specialities Asia Private Limited with Schenectady
Herdillia Limited.
viii. Gokhatak Enterprises Limited With Phil Corporation Limited (Listed
Company)
ix. Zensar Technologies Limited With Fujitsu ICIM Limited
x. L&T Netcom Ltd & L&T Trade.Com Ltd & LTM Ltd & L&T
Equipment Leasing Company With L&T Finance Ltd
xi. LKP Forex With Thomas Cook Ltd
xii. Diebold India Private Limited and Diebold Software Services Private
Limited and Diebold Systems Private Limited.
xiii. Eldiar India Private Limited With Depa India Private Limited
xiv. REV IT Systems Private Limited With Firstsource Solutions Limited
 xv. Classic Energy (India) Private Limited And Hindustan Fuels Private
Limited And Kandla Power Private Limited And Kutch Coal
Carbonisation Private Limited With Saurashtra Fuels Private Limited
xvi. Meyer Health Care Private Limited With Meyer Organics Private
Limited
xvii. Nuvis Additives Private Limited With Nikita Transphase Adducts
Private Limited
xviii. Ravello India Pvt. Ltd. - Mumbai
xix. Bakea Properties Pvt. Ltd. – Merger - Mumbai
xx. B3 Engineering Pvt. Ltd. – Reduction - Pune
xxi. Rocket Engineering Pvt. Ltd. – Merger - Kolhapur
xxii. Memon Metalik Pvt. Ltd. – Merger – Kolhapur
xxiii. Carraro India Pvt. Ltd. - Merger – Pune
xxiv. Rinder India Pvt. Ltd. – Merger – Pune
xxv. Rinder Tools India Pvt. Ltd. – Merger – Pune
xxvi. Vlife Techonologies Science Pvt. Ltd. – Merger - Pune
xxvii. Novalead Pharma Pvt. Ltd. – Merger – Pune
xxviii. Asita Finance & Investment Pvt. Ltd. – Reduction – Mumbai
xxix. Sai Properties Private Limited And Sphinx Hotels And Properties
Private Limited And Raindrops Real Estate Private Limited With
Gulchand Hotel Private Limited
xxx. Global Processing Services Private Limited And Samrat Shipping And
Transport Systems Private Limited And Seaworld Shipping Services
Private Limited With Transindia Shipping & Logistics Private Limited
xxxi. Pacific Electronics And Components Private Limited With Penguin
Electronics Limited
xxxii. Reduction of Share Capital of Indosuez W.I. Carr Securites (India)
Private Limited
xxxiii. Reduction of Share Capital of Quartet Consultants Private Limited
xxxiv. Reduction of Share Capital of Elringklinger Automotive Components
(India) Private Limited
 Chapter 2. OBJECTIVES

 To give effective advise to clients regarding Tax Planning.

 To solve the queries related to direct or indirect tax.

 To maintain proper books of accounts of clients.

 To file the income tax returns of clients on time.

 To upload the GST Returns on time.

 To solve the scrutiny matter and to help in legal formalities.

 To give effective advise on ROC Filing and to do filing on time.

 To file the TDS Returns of clients on time.

 To do ROC work which includes – Incorporation of Companies, LLP conversion,

Company Conversion, shifting of registered office, change in address on MCA
Site, etc.

 To do valuation for assets and to prepare valuation report.

 Chapter 3. LITERATURE REVIEW

 S. R. Hegde & Co., Chartered Accountants was my first office where I have learnt
lot of things as this office is not about to stick with single thing, it explore my skill
in efficient manner. Here initially I was in Income tax department where I used to
file the income tax returns in which I also learnt to maintain the books of account
in proper manner. I used tally software for it. Even I didn’t know how to operate
this kind of software before joining the office. But as time passed I learnt lot of
thing which was valuable for my future and career. I am glad that I was one of the
part of S.R. Hegde &Co., Chartered Accountants.
- Urvasahi Joshi

(Year 2014-2017)

 I have great experience to work with S. R. Hegde & Co., Chartered Accountants. I
was basically in merger department. I have learnt many things from Company.
Subhas sir is ideal for me. His management skill is outstanding. Here I have learnt
how to do teamwork. Other staff were also very co-operative. Without their
support I can’t be on this position.
- CA Ajay Nikam
(Year 2013-2016)

 I was worked as an employee for around 2 years with S. R. Hegde & Co.,
Chartered Accountants. This Company gave me good exposure to enhance my
skills. I am always being grateful for that. Even I didn’t know basics of computer
as I didn’t do any course. So all things which are right now I am doing on
computer because of Subhas Hegde and this company. I am always be happy that I
worked with S. R. Hegde & Co. Chartered Accountants.

- Jinal Patel
(Year 2016-2018)
 Here I was come to complete my CA Internship. Actually truly speaking I was not
at all interested to do work. But as time passed I started to take responsibilities
which brought professionalism in me. I want to thanks Subhas Sir for motivating
me. I have learnt many things. If one really want knowledge with practical training
then I will be definitely suggest S. R. Hegde & Co., Chartered Accountants.

- CA Rahul Kedia
(Year 2015-2018)

 It was great experienced to work with S. R. Hegde & Co., Chartered Accountants.
This company is not only deal single matter. There is lot of exposure to learn lot of
things and also enhance our skills. This company helps to enhance my skills. I am
always being thankful of Subhas Sir.

- Priya Misra
(Year 2014-2017)
 CHAPTER 4 – INTERNSHIP REPORT

1. Executive Summary
This report summarizes my internship program from May 2017 to December
2019 covering 450 hours on going internship. Most widely I engaged with
practical oriented and corporate world atmosphere that during this time I
earned different sides of experiences with assist of outlet manager. I am
unable to conclude all my experiences as text which I gained from internship.
Though I hope the internship skills are vital for my career path. The first day
of my internship, I have oriented by Amit Sir about my role and requirements
of the placement. Moreover I had great opportunity to work with qualified
peoples; it was comfort me to develop the communication, punctuality,
commitment talents and team work abilities. Thereby I had to play a vital role
as Intern of the company.
2. Background of the Company
S. R. Hegde & Co. is Chartered Accountant Company which has located in Gokuldham,
Goregaon. The Company established in 1988. Subhas Hegde is proprietor of S. R. Hegde
& Co., Chartered Accountant.

3. Structure of the Company

As this is proprietorship there is no specific structure of company. There are two
departments. One is deal with Merger & Acquisition and another is deal with Taxation.
There is one senior authority of Merger & Acquisition and one senior authority of
Taxation department. Others staff works under this two senior authority.

4. Major Function of the Company

This is Chartered Accountant Company hence it is mainly deal with taxation area. The
company gives advice to their clients to effective Tax Planning. The company also
maintains proper books of accounts. Also file the return on time. This company also focus
on Merger & Acquisition Work. Works related to ROC also done in this company.
5. Conclusion
Everyone are studying a lot of in the class room as well as lecture hall but that full fill
when those class room and lecture hall studies going to be implemented. That is different
experience and needed experience for everyone in the world. According to the curriculum
I had the great internship training in one of growing private company in Northern
Province. Actually nowadays practical experience much needed than theoretical base
studies. I spent around three month at the company for my internship training the training
gave to me such opportunity to enhance my knowledge and skills with the practical
business environment. This hind of training much needed for every student in their life.
Especially now every company give for their newly recruited people first six or three
month as training period after that they gave the appointment as permanent according to
this practice we can evaluate the vital part of the internship training. Especially the
department and the faculty allowed the students to get the internship training as their
wishes but that should be met with their specialization and discipline of the study. In the
future the faculty and each department should consider internship training with public
quoted company as well as multinational company that will help the students more to learn
and enhance the skill and knowledge. Also the period of the internship the faculty
supervisor should be visited to the student’s internship training organization that will
encourage the students and monitor the students in a proper manner. The internship
training should be continued in the future for the students’ improvement in the faculty.