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Finance And Accounts Services

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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

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