Firm Profile

IPS & Co.

CHARTERED ACCOUNTANTS

Office Address: D – 2, Punjabi Bagh, Raisen Road, Bhopal – 462023

CONTACT

Phone : +91-755-4004606, +91-9826810044

Email : ips.khanuja@gmail.com

ABOUT US

We, at IPS & Co., are completely dedicated to providing world class services to our clients
globally, with the personal touch of a local consultant.

The firm has more than 18 years of gruelling, hardcore and penetrating experience
(Aggregate Experience of Partners: 48 years) in the areas of Transaction Support Services,
Management Consultancy, Taxation matters including assessment proceedings (Both direct
and indirect taxes), Statutory Audits, Internal Audits, Company Law Matters, Bank Audits,
Project Finance, Fund raising (Debt and Equity).

We operate in a completely computerised environment. We have very well qualified, highly

trained and strongly motivated man power strength of 15 people, including 4 fulltime
Chartered Accountant partners and other professionally qualified staff.

To keep ourselves abreast of all changes and developments in the fields in which we deal,
we boast ourselves for having a well equipped library.

We constantly endeavour to deliver not just our best but also the best in our line of
profession, both in terms of quality and ethics, to all our clients.

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We consider it our proud privilege to be of service to all such people who wish to add value
to their business and portfolio, and cherish being a part of their journey to growth and
prosperity.

PARTNERS
Name Qualification M.No. Year of Passing Experience
CA DISA

CA PADMAVATI BCOM, FCA, 400772 2002 2004 18 Years

SWAMY KHANUJA DISA

CA SATPAL SINGH BCOM(H), 405656 2005 - 15 Years

KHANUJA FCA

CA INDERPAL SINGH MCOM, ACA 412927 2010 - 10 Years

KHANUJA
CA RAJGOPAL BCOM(TAX), 430573 2015 - 5 Years
CHANDRASHEKHAR ACA

TEAM
Qualified CAs 05
Other professional qualified staff 05
Semi Qualified & Articles 03
Unqualified & Admin Staff 02
Total Strength 15

INFRASTRUCTURE

 Head office: 2100 Sq. ft, fully furnished & air-conditioned.

 Branch office: 600 Sq.ft.
 Modern & Latest Systems & Working Environment.
 Computerized Wi-Fi environment, Phones, Mobiles, Laser Printers, Scanners, Fax etc

REGISTRATION & EMPANELMENT –

Institute of CA of India Firm Registration No. 010839C, Dt. 08/04/2002

Reserve Bank of India Unique Code No. 702766 Year 2006
C&AG Empanelment Number CR4800
Income Tax PAN AAMFP 4095 N
Goods and Service Tax Number 23AAMFP4095N1ZN

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PARTNERS’ PROFILES
Padmavati Swamy Khanuja

Contact:
Email padma_swamy@rediffmail.com
Mobile +91-9977210044
Landline +91-755-4004606

ACADEMIC RECORD

o Cleared the Diploma in Information Systems Audit (DISA) with 89% marks in April
2004
o Qualified as a CA in January 2002 with distinction in ‘Corporate Laws’, ‘Financial
Management’ and ‘Direct taxes’
o Cleared CA-Inter in July 1998 with distinction in ‘Income Tax’
o Graduated in commerce from Bhopal School of Social Sciences, Bhopal (Barkattullah
university) in the year 1998 with First division
o Cleared CA-Foundation in July 1996 with 63% marks
o Passed the Senior Secondary School Certificate School Examination conducted by the
CBSE in March 1995, securing 80% marks (Commerce with Maths)

OTHER PROFESSIONAL ACTIVITIES

o Lectures in Accounting and Financial Management to C.A. Students in private

coaching institutions and Lectures in ‘Auditing’ at Bhopal branch of ICAI.
o Lectures in Verbal Usage, Reading Comprehension for CAT students at IMS Learning
Resources (P) Ltd., Bhopal, in April, May 2003.
o Presented a paper on ‘Newly introduced Section 145A and its implications’ in the
Chartered Accountants’ Student’s Conference held in Bhopal in the year 1999.
o Lectures at All India Institute of Local Self Government, Bhopal, on ‘Applicability of
TDS provisions to Mandi Samitis’ in September 2004.

WORK EXPERIENCE

o Training of Income Tax Department officials (including Income tax commissioners) in

ITD Application (Software custom made for the deptt by TCS), for NIIT Ltd. at Bhopal
and Ahmedabad from July to October 2009
o MICS documents and structural planning for cost and management accounting and
budgeting
o Legal and Business Structure planning to maximize benefits in taxation for new as
well as existing units and groups, including Legal Drafting.
o Complex Income Tax matters of planning and procedures also using accountancy as a
tool for the same.
o Statutory and Tax Audit of companies, banks, partnership firms, individuals, society
and others.
o Forensic Accounting for settlement between partners

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 o Assessment proceedings under the Income Tax Act. Preparation of and presentation
of submissions before assessing authority, in scrutiny cases, Preparation of loan
confirmations letters, grounds of appeal.
o Legal drafting of wills, partnership deeds, agreements to sell, gift deeds, lease deeds,
tenancy agreements, agreements relating to Competition law, Transfer of Property
Act, partition of HUF, Family settlement deeds and so on.

Satpal Singh Khanuja

Contact:
Email satpal.ca@gmail.com
Mobile +91-9826010044
Landline +91-755-4004606

ACADEMIC RECORD

o Achieved 29th Rank in the All India merit list, 1st in Madhya Pradesh. In the Final
examination held in May 2005 of the Institute of Chartered Accountants of India in
First Attempt Securing 61 % marks.
o Graduated in commerce from Delhi University, Kirori Mal College in the first division
in May 2003.
o Cleared PE – II examination of the Institute of Chartered Accountants of India held in
November 2002 in the First Attempt .
o Achieved a Distinction in each subject in the Foundation examination of the Institute
of Chartered Accountants of India held in May 2001 in the First Attempt securing
71% marks.
o Passed the Senior Secondary School Certificate School Examination conducted by the
CBSE in March 2000, securing 84% marks (Commerce with Computers).

RESEARCH PROJECTS, PUBLICATIONS & PRESENTATIONS

o Prepared a Handbook on ‘Professional Opportunities in Economic and Commercial

Laws’ for the Committee on economic and Commercial Laws of the Institute of
Chartered Accountants of India (‘ICAI’).
o Prepared a paper for the ICAI National workshop on Enhancing Quality of Practice
Units held at Indore on 19th May, 2007.
o Prepared a Handbook on ‘Intellectual Property Rights’ for the Committee on Trade
Laws and WTO of the Institute of Chartered Accountants of India (‘ICAI’). The
handbook has been published by the Institute as a research document.
o Awarded a research project by the Peer Review Board of the ICAI. Working on ‘Tax
Audit Manual’ for the help of Peer Reviewees. The project is under the review of the
Peer Review Board and Fiscal Laws committee in final stages.
o Written many articles relating to service tax which have been published in Reputed
Journal ‘Service tax today’ and Income Tax which have been published in Reputed
Journal ‘Taxman – The Tax Law weekly’.

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 o Delivered Presentations on ‘Tax and Investment Planning’ for corporate clients of
ICICI Bank ltd.
WORK EXPERIENCE

o Handled Complex Service Tax Issues and departmental proceedings like raids and
investigations
o Very Wide Exposure of Project and working capital finances from Banks and Financial
Institution, Has worked for projects from a very wide range of Industries.
o Renowned expert for start-ups and units facing problems due to improper capital
structure and other management issues.
o Acting as Retained Consultant for clients, handling all legal, taxation and managerial
issues, enabling them to grow at their full potential.
o Bank Branch Audit, Statutory Audit of Companies and Societies, Tax Audits under
Income Tax of Various Business entities,
o Previously Research Manager with Adukia & Associates, leading a team of 12
researchers. Responsible for the output of the whole team.

Inderpal Singh Khanuja

Contact:
Email inder.ca@gmail.com
Mobile +91-9893220088
Landline +91-755-4004606

ACADEMIC RECORD

o Cleared the Final examination held in November 2009 of the Institute of Chartered
Accountants of India in First Attempt Securing 57 % marks.
o Graduated in commerce from Barkatullah University, Bhopal School of Social
Sciences in March-April 2008 securing 71%.
o Cleared PE – II examination of the Institute of Chartered Accountants of India held in
May 2007 in the First Attempt securing 63.5%
o Achieved a Distinction in each subject in the PE-I examination of the Institute of
Chartered Accountants of India held in May 2006 in the First Attempt securing 74%
marks.
o Passed the Senior Secondary School Certificate School Examination conducted by the
CBSE in March 2005, securing 91% marks (Commerce with Maths).

WORK EXPERIENCE

o Formulation and implementation of internal audit programs to ensure adherence to

internal controls
o Development and Implementation of MIS for companies
o Handled Complex Income Tax Issues and departmental proceedings like hearings and
assessments.

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 o Acting as Retained Consultant for clients, handling all legal, taxation and managerial
issues, enabling them to grow at their full potential.
o Bank Branch Audit, Statutory Audit of Companies and Societies, Tax Audits under
Income Tax of Various Business entities.
o Due Diligence Work for various banks, financial institutions, HNI’s.

Rajgopal Chandrashekhar

Contact:
Email rajgopal.chandrashekhar@gmail.com
Mobile +91-8871302702
Landline +91-755-4004606

ACADEMIC RECORD

o Pursuing LLB (Final Year) from Savitribai Phule Pune University.

o Qualified as a CA in May 2015 with distinction in ‘Financial Reprting’.
o Achieved 47th Rank in the All India merit list in the CA IPCC examination held in May
2012 in First Attempt Securing 75 % marks.
o Achieved 11th Rank in the All India merit list in the CA CPT held in June 2011.
o Graduated in Commerce from Bhopal School of Social Sciences, Bhopal (Barkattullah
University) in the year 2015 with First division.
o Passed the Senior Secondary School Certificate School Examination conducted by the
CBSE in March 2011, securing 94.2% marks (Commerce with Maths).

WORK EXPERIENCE

o Worked in PricewaterhouseCoopers Private Limited, Pune and Price Waterhouse &

Co. LLP, Pune as an Indirect Tax Professional for about 1 ½ years before joining the
firm.
o Worked in M/s. Lakshmikumaran & Sridharan, Attorneys, Pune in Indirect Tax –
Litigation & Advisory Team for 3 ½ years after qualifying CA.
o Assessment proceedings under the Income Tax, Sales Tax, Service Tax and GST.
o Legal Drafting in respect of reply to show cause notices, appeals and other
correspondences before Department & Appellate Authorities, in the matters of
Excise, Service Tax, GST and Income Tax.
o Legal opinions and Advance Rulings in complex matters of Excise, Service Tax, and
GST.
o Statutory and Tax Audit of companies, banks, partnership firms, individuals, society
and others.
o Project Finance work for MSME sector.
o Due Diligence Work (Indirect Tax and MCA) for various corporates.

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Our Client Range Includes –

Sr No Name of the Industry

1. Agriculture
2. Automobiles
3. Broking
4. Builders and Developers
5. C & F Distributorship
6. Cable and Communication
7. Cement Pipes and Blocks
8. Contractors
9. Developers (Land Owners)
10. Engineering
11. Fabrication (Light and Heavy)
12. Education
13. Energy and Fuel
14. Financial Services
15. FMCG
16. Government Societies/ Corporations
17. Health Care And Hospitals
18. Hostels
19. Lawyers and Legal Services
20. News/Media
21. Offset Printing
22. Pharmaceuticals
23. Photography and Allied Services
24. Power
25. Steel
26. Stone Extractors/Crushers
27. Telecom Installation
28. Societies
29. Trading
30. Transportation
31. Warehousing
32. Wedding Planners and Event Managers

Services being Offered

 Transaction Support Services

o Planning of Complex Transactions involving implications under various
Commercial and Taxation Laws.
o Acting as the General Physician and legal experts for the clients in Complex
transactions and delivering final solutions involving inputs from experts in
numerous fields.
o Handling Commercial Negotiations for the clients, Arbitration and Conciliation.

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 o Legal Drafting – Partnership Deeds, Agreements, MOUs, Joint Venture
Agreements, Other Agreements etc

 Corporate & Project Finance and Working Capital Finance

o Understanding the Financial requirements of the Client and providing
consultancy for selection of appropriate Capital Structure.
o Appraisal of the project and preparation of techno-economic feasibility reports.
o Representation for Client at various organisations and forums for building a
positive environment for the client.
o Arrangement of short term and long term finance(s), syndication of equity,
Term Loan(s) and Working Capital Limits.
o Liasioning with Financial Institution(s) and Banks like UBI, OBC, PNB, SBI, SBoM,
Syndicate Bank, Corporation Bank, IDBI Bank, SIDBI, etc.

 Installation of MIS Reporting & Risk Management Framework

o Mapping of material Administrative, Labour and Taxation laws applicable to
the company, with emphasis on the possibility of exemptions and incentives
under each of them, resulting into Checklists of the compliances required to
be done by the client –
 At the commencement of operations
 Annually
 On the occurrence of specific Events
o Defining of the Control Environment and assessment i.e. Identification and
analysis of relevant risks to achievement of the objectives of the company
o Laying down the guidelines in form of an Accounting Manual for the
Accounting Staff so that data is captured and recorded in such a manner that
it facilitates
 Managerial Decision making
 Proper Tax Planning so as to ensure that maximum benefits can be
availed by the company under various tax laws.
 Compliance with various laws, to ensure that the process takes
minimum effort and time.
o Definition and Formulation of Control Activities that help ensure that
 management directives are carried out;
 there is early detection of Frauds;
 the monetary and other assets of the company are properly
safeguarded.
o Setting up proper mechanisms for communication of relevant information to
the management and the board in timely manner.
o Assist the Management in taking up Ongoing Monitoring processes so as to
ensure the effectiveness of the Internal Controls.

 Risk and Internal Audit

o Financial audit – accuracy, completeness and fairness of financial statements
o Operational audit – effectiveness and efficiency of operations
o Safeguarding of assets
o Management audit
o Detection of areas prone to fraud.
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 o Review of effectiveness of internal control
o Review of Compliance with laws, regulations, policies and procedures
o Providing advise on reducing waste or inefficiency

 Taxation (Income Tax)

o Planning of Complex Income Tax Matters
o Regular Income Tax compliances
o IT assessment(s)
o Appeals

 Taxation (Service Tax)

o Complex Service Tax planning
o Regular Service Tax compliances
o Handling of Statutory Complications like Departmental Raids, Investigations,
Surveys, Audits etc.
o Service Tax assessment(s) and Appeal(s).

 Company Law
o Company Formation & Management
o Preparation of Records and Registers under the Companies Act, 1956
o Formalities relating to Takeover and Buyouts of Companies including the
Merger & Amalgamation
o ROC Search
o Compliances Annual and Event Based.
o Liasoning with ROC, SEBI, Stock Exchange etc.
o Legal deeds & documentation

 Accounts
o Designing of Accounting Framework in view of Management and Statutory
Requirements.
o Support in hiring appropriate staff for the financial function.
o Maintenance of statutory records under various Laws.
o Finalisation of accounts.
o Preparation of MIS reports.
o Compliance of AS, guidance notes issued by ICAI.

 Audit
o Limited & Pvt. Limited Companies (Company and Tax Audits)
o Partnership Firms and Proprietorship Firms (Tax Audits)
o Schools, Colleges, Clubs & Sports associations (Audits under Societies Act)

 Taxation (Sales Tax and Excise)

Co-ordination & Advisory Services for
o Calculation of Liability and its timely deposit.
o Regular Compliances
o Maintenance of Statutory Records

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 Merchant Banking:
Co-ordination & Advisory Services for
o Preparation of prospectus/ letter of offer(s)
o Liasioning with authorities mainly SEBI, ROC, RBI, Stock exchange(s)
o Appointment of various intermediary agencies
o Marketing of issue(s)
o Listing of securities
o Compliance of other pre issue and post issue formalities

************

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Why IPS & Co.?
We are a professional boutique firm offering varied services relating to taxation,
management consultancy and transaction support. We specialise in Income Tax, Project
Financing, GST and Transaction Support Services. We do not deal much in the traditional
audit practice rather we focus on client value added services. We follow the policy of
forwarding the legacy of what we have learned from our mentors about this prestigious
profession to the upcoming CA students “to build a better nation”. We provide full support
for studies and are always open to “Out of box thinking” to bring out the better person in
oneself.

Work Life Balance

We strive to provide work-life balance in this so called monotonous CA practice. We listen to
our employees and staff and provide maximum support to them be it in their personal life
or professional life.

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