Project management for winding down operations in India

The client was facing problems winding up their operations and eventually winding down their presence in India. There were several issues that were hindering the winding up process like multiple registrations, open litigations, numerous consultants, etc.

Nexdigm (SKP) drafted a plan of action for the open litigation cases after deliberations with the client. We organized meetings with the client’s tax consultants to understand the issues under litigations to examine the probability of success for open items.

We also successfully convinced the tax consultant to work on a fixed fee model as against a time based model, and subsequently secured a significant reduction in professional fees and provided better clarity on the costs to handle protracted litigation.

Since most of the open litigations were around transfer pricing adjustments, we suggested that the client opt ‘Safe Harbour Rules’ under the transfer pricing regulations to avoid litigation exposure in the future.

The client was extremely pleased with our solution oriented approach, and hence, Nexdigm (SKP) was retained as their preferred partner for almost every routine and non-routine aspect of the project.