Project Management For Winding Down Operations In India

Our client is a US-based technology company. The client had substantial presence in India earlier and now was in the process of winding up its operations. The client was facing problems winding up their operations in India and eventually windup their presence and needed a partner to assist them. At that stage there were no employees on rolls in India.

There were several issues that were hindering the winding up process:

• Multiple registrations
• Open litigations
• Numerous consultants on payroll
• No local signatory
• Voluminous records

First, we drafted a plan of action for the open litigation cases after deliberating with the client. We organized meetings with the clients tax consultants to understand the issues under litigations to examine the probability of success for open items and decide which items of should taken ahead.