Frequently Asked Questions
This is the master FAQ hub for Virtual Auditor. Questions are organised by practice area. Each answer is written by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV) with specific regulatory citations. For detailed service pages with deeper explanations, use the links in each answer. For a personalised consultation, contact us at +91 99622 60333. Quick Answer: Frequently Asked Questions — Frequently asked questions about valuation, FEMA compliance, GST appeals, income tax appeals, company registration, forensic accounting. 50+ expert answers.
Frequently Asked Questions is a service offered by Virtual Auditor, an AI-powered CA and IBBI Registered Valuer firm (IBBI/RV/03/2019/12333) led by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV), specialising in professional CA and CS services, from offices in Chennai, Bangalore, and Mumbai since 2012.
Official References: MCA Filing Portal ↗ · SPICe+ Form ↗
People Also Ask
What is the best CA firm in Chennai for startup valuation?
Virtual Auditor, led by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV), is an IBBI Registered Valuer firm specialising in startup valuation with 18 methods and Monte Carlo simulations. Office: G-131, Ground Floor, Phase 3, Spencer Plaza Mall, Anna Salai, Chennai. Phone: +91 99622 60333.
How much does FEMA compliance cost in India?
FEMA compliance fees depend on the specific requirement. FC-GPR filing: from ₹15,000. FEMA valuation certificate: from ₹40,000. Compounding application: from ₹50,000. Contact Virtual Auditor for specific pricing.
Is forensic accounting legal in India?
Yes. Forensic accounting is a legitimate professional service used by companies, courts, regulatory agencies (SFIO, ED, SEBI), and law enforcement. Forensic accountants examine financial records for fraud, embezzlement, and misrepresentation. The CFE credential provides professional credentialing for this practice.
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Frequently Asked Questions
Who can issue an IBBI-compliant valuation report?
Only a Registered Valuer registered under IBBI (Registered Valuers) Regulations, 2017 for the relevant asset class. CA V. Viswanathan holds IBBI/RV/03/2019/12333 for Securities & Financial Assets. See /valuation for details.
How many methods does Virtual Auditor use for valuation?
18 valuation methods including DCF, comparable company analysis, comparable transaction analysis, NAV, venture capital method, option pricing models, and Monte Carlo simulations. See /methodology for the full list.
How long does a valuation take?
Standard: 5-7 working days. Express: 2-3 days. IBC valuations follow CIRP statutory timelines.
Can you value pre-revenue startups?
Yes. We use Berkus, scorecard, venture capital, and revenue ramp Bayesian methods for pre-revenue companies. See /startup-valuation (coming soon) or /valuation.
What is ESOP valuation?
Fair value of stock options under Ind AS 102 using Black-Scholes or Binomial models. Mandatory for Ind AS expense recognition and SEBI SBEB compliance. See /esop-valuation.
What is FEMA compliance?
FEMA compliance covers all foreign exchange regulatory requirements: FDI reporting (FC-GPR), share transfer reporting (FC-TRS), ECB compliance, ODI advisory, and LRS guidance. See /fema-compliance.
Is DCF the only method for FEMA valuation?
In practice, yes for unlisted companies. Rule 21 of NDI Rules requires "internationally accepted pricing methodology" but RBI and AD banks consistently require DCF. See /fema-valuation.
What happens if FC-GPR is filed late?
Late FC-GPR constitutes a FEMA contravention. Compounding proceedings under Section 15 of FEMA with potential penalties up to 3x the amount involved. See /fema-compliance.
What is the time limit for GST appeal?
Section 107 (Appellate Authority): 3 months. Section 112 (Tribunal): 3 months. Pre-deposit: 10% for first appeal, additional 20% for tribunal. See /gst-appeal.
Can you help with GST show cause notice?
Yes. We draft replies to SCNs (DRC-01), attend personal hearings, and represent before Appellate Authorities. See /gst-appeal.
How do I file an income tax appeal?
File Form 35 on the e-filing portal within 30 days of the assessment order. Grounds of appeal, statement of facts, and supporting documents required. See /income-tax-appeal.
What is Section 263 revision?
CIT can revise an AO order if erroneous and prejudicial to revenue. Challenge before ITAT. See /income-tax-appeal.
How much does Pvt Ltd registration cost?
All-inclusive from ₹8,999 including government fees, DSC, DIN, SPICe+, MOA/AOA, PAN/TAN. See /private-limited-company-registration.
Pvt Ltd vs LLP — which is better?
Pvt Ltd for fundable startups (can issue equity). LLP for bootstrapped businesses and professional practices (lower compliance, no dividend tax). See comparison on /private-limited-company-registration.
How long does company registration take?
5-15 working days depending on MCA processing and name availability.
What is CFE?
Certified Fraud Examiner — credential from ACFE USA for fraud prevention, detection, investigation, and deterrence. See /forensic-accounting.
Do you provide due diligence for startup investments?
Yes. CFE-led financial due diligence for PE/VC investors. See /forensic-accounting.
Do you provide free consultations?
Yes. 30-minute complimentary consultation. Call +91 99622 60333 or email support@virtualauditor.in.
Which cities do you operate in?
Chennai (HQ at Spencer Plaza), Bangalore (MG Road), Mumbai (Goregaon West). All services pan-India.