Legal

Contracts with various vendors

Contracts with various customers/ borrowers
Contracts with Directors/ KMPs
Non-compete and non-circumvention contracts
Guarantees provided to various parties
Guarantees provided to/ received from group companies

Statutory - Company law

Certificate of incorporation
MoA and AoA and compliance wrt current activities
Approvals from RBI as submitted to MCA at the time of incorporation
Secretarial audit reports
Minutes of Board of Directors, Committees, Sub-Committees
Minutes of Annual General Meeting and Extraordinary General Meeting of Shareholders
Related Party transactions and compliances thereon
DIN and status of DIN including KYC status
Certificate of commencement of business
Annual Returns filed thus far
Other filings with MCA as appearing on MCA website

Statutory - Exchange control law (FEMA)

Applicability of Foreign Direct Investment and Overseas Direct Investment Regulations
Status of shareholders under FEMA
Annual filings with RBI, if applicable

Statutory - Income Tax

PAN and TAN
Income tax returns filed
Tax audit/ other reports filed
Certifications obtained in relation to Income Tax
Form 15CA/ 15CB for any foreign payments
Status of income tax litigation
Outstanding demands as per IT portal
TDS reconciliation between 26AS and books
TDS certificates
Status of TDS litigation
Outstanding TDS demands as per TRACES portal
Copies of TDS returns filed
Tax positions/ opinions taken
Tax exemptions availed/ proposed to be availed
Tax optimisation strategy

Statutory - Goods and Services Tax

GST Registration
GST Returns filed in GSTR-1 and GSTR-3B
LuT filed
GST refunds and outstanding status
GST strategy documents
GST workings for each month
Bifurcation/ controls for eligible vs ineligible credits
GST Annual Returns
GST Audit reports
HSN code wise summary
Valuation methodology and workings for GST involving
Copies of GST invoices raised (samples)
Export and Import invoices
Self invoices under reverse charge mechanism
Reconciliation of GST wrt expenses as per books

Statutory - Labour laws

Provident Fund registration
Provident Fund compliances and remittances
Employee State Insurance registration
Employee State Insurance compliances and remittances
Professional tax registration
Professional tax compliances and remittances
Gratuity policy and compliances
Prevention of Sexual Harassment of Women ploicy and compliances

Statutory - Local laws

Trade License
Shops and Establishment License
Labour License
Municipal License
Building approval plan
Fire safety clearance
EHS guidelines

Financials and Internal controls

Independent Audit reports
Qualifications/ disclaimers/ emphasis of matters in audit reports
Internal audit reports
Implementation status of internal audit points
Review of key ledgers
Review the critical aspects of data capture
SOD policy
Bank reconciliation statements
Bank signatories and authorisations

Insurance
Medical insurance
Fire, Building and assets insurance
Key Management Personnel Insurance
Group Accidental Insurance

Intelllectual Property
Trademarks registered
Other IPs available and asserted

Human Resources
HR Policy
Leave Policy
Employee retention agreements
Contractual employees
Employee performance bonus and appraisal policies

Litigation
Notices received from statutory authorities
Pending proceedings before statutory authorities
Cases filed by company
Cases filed against company

NBFC related
Statutory reserve compliances (Section 45-IC of RBI Act)
Registration certificate from RBI
Registration for KYC
Registration for FIU-IND
Registration in Information Utility under IBC
Memberships with various organisations
Audit reports submitted to RBI
Periodical filings submitted to RBI
Lending against own shares - compliances
Lending and investment limits wrt Single/ group borrowers
Income recognition criteria
Asset classification criteria
Non-performing assets
Loan provisioning as per prescribed percentages
Ratings from CRAs