"GTFC is India's Leading Corporate Consulting Service provider to more than 1000 Indian and Multinational Companies spread in all sectors (i.e. Startups, IT, FMCG, Education, Govt. Companies, Govt. Autonomous Bodies, Private Colleges, Private Schools, Private Hospitals, NGO’s, Hotels, Hospitality Organizations, Pharmaceutical Organizations, Footwear Companies, Housing and Infratech Companies, Housing Finance Organizations, Insurance Solutions Providers, Ministries & Many More) of the Indian Economy for matters related to following:- 1. End-to-End Consultancy Services for Karnataka Compulsory Gratuity Insurance Rules, 2024 2. Consulting Services for preparation of Inputs for Actuarial Valuation Report under AS 15 (Revised 2005) as per provisions of Karnataka Compulsory Gratuity Insurance Rules, 2024 4. Consulting Services for obtaining Valid Insurance under Karnataka Compulsory Gratuity Insurance Rules, 2024 5. Consultancy Services for obtaining Gratuity Registration in Form - I with the Deputy Labor Commissioner's Office in compliance with Karnataka Compulsory Gratuity Insurance Rules, 2024 6. Consulting Services for Maintenance of Form - III (Nomination Forms) in compliance with Karnataka Compulsory Gratuity Insurance Rules, 2024 7. Consulting Services for preparation of Inputs for Actuarial Valuation Report under AS 15 (Revised 2005) in compliance with Karnataka Compulsory Gratuity Insurance Rules, 2024 8. Consulting Services for Setting Up of New Approved Gratuity Fund under Irrevocable Trust in compliance with Karnataka Compulsory Gratuity Insurance Rules, 2024 9. Consulting Services for Vetting of Trust Deed, Trust Rules, Applications, Forms used for Setting Up of New Approved Gratuity Fund under Irrevocable Trust 10. Consulting Services for Old Gratuity Trusts CIT Approval matters: - a. Company Name & Address Change b. Trust, Trustee, and Trust Principal Operating Address Change c. Change in Object of Trust d. Change in Investment from one Insurance Company to another e. Merger of One Trust into another f. Demerger of Company and Gratuity Trust g. Closure of Old Gratuity Trust h. Transfer of Funds from Old Trust to New Trust 11. Actuarial Valuation Consultation for compliance of the following Accounting Standards prescribed by Indian and International Accounting Regulators for Accounting and Disclosures of Employee Benefits: - a. IAS 19 (Revised 2011) - IFRS, b. USGAAP - ASC 715 c. IndAS 19, d. AS 15 (Revised 2005) for the following Employee Benefit plans:- i. Actuarial Valuation of Pension, ii. Actuarial Valuation for Gratuity, iii. Actuarial Valuation for Leave Encashment, iv. Actuarial Valuation for PRMB, v. Actuarial Valuation for Long Term Employee Benefits, vi. Actuarial Valuation for Initial Contribution into Gratuity Trust, vii. Actuarial Valuation for Annual Contribution Gratuity Trust, viii. Actuarial Valuation for Pension Plan for Approval of Initial Contribution and Annual Contribution into Pension Fund for Autonomous Bodies of various Government Ministries, ix. Actuarial Valuation for Provisioning of Gratuity for Budgeting purposes before the closure of the Calendar & Financial Year x. Actuarial Valuations for the merger of accounts of Indian Companies with Foreign Listed Parent Companies. For any requirement or clarification on the above subject, you may call me at 9211637063, 011-45261651 or email your query at [email protected], [email protected]. "
Explore how CA, CS, Auditors & Audit Firms can prevent Indian and Multinational Companies from Non-Compliance of AS 15 (Revised 2005) & IndAS 19. Key insights on NFRA rules, applicability, and actuarial valuation.
Article explains Actuarial Valuation Services in India, complying with AS 15 (Revised 2005) & Ind AS 19. Understand defined benefit plans, compliance criteria, and implications for Indian companies.
Learn how to prepare inputs for Actuarial Valuations under Gratuity and Leave Encashment Plan in compliance with AS 15 (Revised 2005) & IndAS 19. Understand key technical points for accurate results.
Understand the requirements of Accounting and Irrevocable Gratuity Trust to Discharge Gratuity Liability for Indian Private & Multinational Companies. Payment of Gratuity Act 1972 and 5 years of continuous service explained.
Discover how Indian and Multinational Companies can seamlessly comply with the Payment of Gratuity Act, 1972, and Companies Act, 2013. From legal obligations to accounting standards, this guide navigates through the complexities, ensuring awareness for CA, CS, CMA, Auditors, HR, and Directors.
Learn about the applicability of Ind AS 19 on NBFCs, banks, and insurance companies in India. Understand the requirement for actuarial valuations and compliance with Indian accounting standards.
This article is an attempt to create awareness amongst Indian and Multinational companies about the tax benefits available to Indian and Multinational Companies under Pay as you Go and Gratuity Trust Formation Option for Payment of Gratuity. Gratuity benefits are governed by “The Payment of Gratuity Act 1972” and paid by the Company to an […]
This is article is in continuation with my previous article Gratuity Payment under Social Security Code 2020 wef 01.04.2021, in my previous article we have discussed about the difference between the Old provisions of the Payment of Gratuity Act 1972 (a) and New provisions of Social Security Code 2020 to be effective from 01.06.2021 on […]
Difference Between Statutory Provisions Applicable To Companies Under Existing Payment Of Gratuity Act 1972 (Amended) & Social Security Code, 2020 To Be Effective From 01.04.2021 This article is an attempt to elaborate the difference between Statutory provisions applicable to Companies under Existing Payment of Gratuity Act 1972 (Amended) & The Social Security Code 2020 effective […]
Why Actuarial Valuation Services are needed by Indian and Multinational Companies for Accounting of Defined Benefit Plans (i.e. Gratuity, Leave Encashment, Long Service Award Plan, etc.) in compliance of AS 15 (Revised 2005) & Ind AS 19? I hope the below email may help you in understanding the requirement of Actuarial Valuation Services by Indian […]
