At Chamber of Prakash K. Pandya, we offer a range of specialized services tailored to meet the needs of banks operating in India and their corporate clients. Our goal is to assist financial institutions in ensuring compliance, efficient debt recovery, and seamless transactions. Here’s an overview of the services we provide:

1. Diligence Report for Corporate Clients:

  • We prepare diligence reports for companies seeking finance from multiple banks. These reports assess compliance with various statutory regulations, as specified by the Reserve Bank of India (RBI).

2. Debt Recovery Assistance:

  • Our team of associates assists in debt recovery by implementing action plans and modus operandi tailored to the specific needs of our clients.

3. Asset Charge Search Report:

  • We provide detailed search reports for charges registered over assets, as recorded with the Registrar of Companies.

4. Registration of Charges:

  • Our services include the creation, modification, and satisfaction of charges over the assets of Indian companies, ensuring compliance with Registrar of Companies requirements.

5. NCLT / NCLAT Representation:

  • We represent clients before the National Company Law Tribunal (NCLT) and the Appellate Tribunal (NCLAT) for actions under the Insolvency and Bankruptcy Code 2016 (IBC) and the Companies Act 2013.

6. External Commercial Borrowings (ECB) Compliance:

  • We offer services to ensure compliance with External Commercial Borrowings (ECB) guidelines. This includes certifying compliance conditions to enable banks to provide a ‘no objection’ to borrowers.
  • We assist banks in the process of granting ‘no objection’ under the Foreign Exchange Management Act (FEMA), 1999, for transactions related to ECBs. This includes creating charges on immovable assets, financial securities, and issuing personal or corporate guarantees.
  • Our services are provided in accordance with the terms and conditions specified by FEMA, 1999. These include conditions related to the residency of the ECB borrower, charge periods, asset sale restrictions, and repatriation requirements.
  • We ensure that the ‘no objection’ is issued solely from a foreign exchange perspective under FEMA, 1999, and does not constitute approval by any other statutory authority or government entity. It also does not regularize or validate any irregularities or contraventions under FEMA or other laws.

For any inquiries or discussions related to our services, please feel free to contact us. We are committed to assisting banks and their corporate clients in navigating the complexities of financial transactions and regulatory compliance effectively.

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