Finance and Accounts

The Finance Department provides support services as under:

Manages banking facilities at the minimum cost and at the required time

Develops, implements and maintains an effective system of budgetary control and MIS

Maintains financial accounting records in line with International Accounting standards and ensures timely and effective presentation to Board

Makes and receives all payments including in cash and for salaries, in line with procedures and authority limits

Ensures compliance with statutory requirements pertaining to accounting, taxation, banking and Capital Market Authority

Arranges adequate insurance coverage for the Group insurable risks at minimum costs

Initiates/participates in evolving authority limits & procedures and documenting the same

Supports effective asset management

Maintains a system of credit control & receivables management in the trading activities

Advises the international principals/ partners on structuring, banking, insurance and taxation matters