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