Actuarial Consultancy Services

Actuarial Consultancy Services The establishment of an Approved and Registered Gratuity Trust requires in-depth knowledge of various rules/regulations and expertise. II. III. IV. V. b. NBFC
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Actuarial Valuation Services in compliance of AS 15 (Revised 2005), IndAS 19, IAS 19 (Revised 2011), NAS 19 - NFRS, US GAAP, For more details or requirement call us at 9211637063, 011-45261651 Our Firm - Gratuity Trust Fund Consultant is engaged in providing End to End Consultancy and Support Service to Public Sector, Private Sector and Multinational companies forming Approved & Registered Gratuit

y Trust as per Part C of The Fourth Schedule of Income Tax Act 1961 to get Tax Benefits under Section 36 (1) (v) of the Income Tax Act 1961, which is not available to when company make provision of Gratuity Liability in the Balance Sheet under “Pay as you go Option” (Refer Section 47A (7) of Income Tax Act 1961). We offer following Services in connection with the above matter are as under: -
Consultancy Services: -

 Formation of a New Approved Irrevocable Gratuity Trust.
 Investment of Trust Money as per Income Tax Rules 1962.
 Drafting of Board Resolutions Trust Deed, Trust Rules, Applications.
 Documentation Support Services for Approvals of Trust in terms of Part C of Schedule IV from Income Tax Department in following cases :-

o Approvals for New Gratuity Trust or Group Gratuity Scheme. o Approvals for Change in Trust Deed
o Approvals for Change in Trust Rules
o Approvals for Change in Object of Trust
o Approvals for Change in Trustees
o Approvals for winding up of Trust due to winding up of the Company
o Approvals for amalgamation with another fund due to merger/acquisition of the Companies

Normally following steps are involved in the Process of Formation of “A Registered and Approved Gratuity Trust”, the details for the same are given below:

1. Assessment of Gratuity Liability by taking an Actuarial Report from Actuary,
2. Board Resolution for an Approved Gratuity Trust,
3. Selection and Appointment of Trustees,
4. Drafting and Registration of Trust Deed & Trust Rules,
5. Applying for PAN/TAN of Trust,
6. Investment Decision for Trust Money,
7. Application for Approval of Registered Gratuity Trust. We have a Team of following Consultants with Decades of Experiences in their field and present Major Cities of India for execution of the assignments in timelines stipulated by our client: -

I. Legal Consultants - Legal Issues involved in Formation of Gratuity Trust are taken care of by them. Taxation Consultants - Accounting & Income Tax Related Issues of Gratuity Trust are taken care of by them. Consultants - Documentation of Income Tax Approval Related Issues of Gratuity Trust are taken care of by them. Investment Consultants - Investment related Issues of Gratuity Trust Money are taken care by them. Actuarial Valuation Consultants - Actuarial Valuations Reports/Certificates are provided by them needed by our clients in following events: -

(i). For Initial Funding Assessment of Gratuity and Leave Encashment Liability by Trustees,
(ii). For assessment of Accrued Liability for Gratuity and Leave Liability in following events: -

a. Transfer of Employees within a Group Company. Amalgamation of 2 companies
c. De-merger of company
d. Winding of Company

(iii). For Annual Compliance of Balance Sheets as per Actuarial valuations Reports/Certificates are also required by our clients for Gratuity Plan in compliance of following Accounting Standards: -

a. For Compliance Para 120 (l) of AS 15 (Revised 2005)
b. For Full Compliance Para 120) of AS 15 (Revised 2005)
c. IndAS 19
d. IAS 19 (Revised 2011)
e. US-GAAP

VI. Merchant Bankers Consultant for getting Assets Value Certification needed by Gratuity Trust where Investment is managed by the Trustees Privately. In past 11 years we have provided our Consultancy and Supports Services to many reputed organizations spread in all sectors of Indian Economy and the main categories are: -

a. SME Clients
b. Schools/Educational Institutes
c. Non - SME Clients
d. Unlisted Companies
e. Companies Listed in Indian Stock Exchange
g. Companies Listed in Foreign Stock Exchanges
h. Multinational Companies operating in India

To avail our Consultancy Formation of Gratuity Trust & Support Services for Preparation of Inputs for Actuarial Valuations in compliance of AS 15 (Revised 2005), IndAS 19 & IAS 19 (Revised 2011) - IFRS. Contact us at 9211637063.

31/12/2025
Dear Finance professionals,Season of closing of accounts & preparation of Financial Statements such as Balance Sheet, Pr...
21/05/2025

Dear Finance professionals,

Season of closing of accounts & preparation of Financial Statements such as Balance Sheet, Profit & Loss Statement etc. as on 31.03.2025 is at hand. Enterprises, Companies and all Establishments (which are likely to be audited) are required to provide for values/expenses of liability for employee benefits such as Gratuity, Leave Encashment, Pension, Post Retirement Medical Benefits etc. etc.

This generally involves Actuarial Valuations so as to comply with the requirements of the following Accounting Standards:-

AS-15 (Revised 2005) - Indian GAAP
Ind AS-19 - Indian GAAP
IAS-19(Revised 2011)- IFRS
US-GAAP

GTFC is a Team of Actuaries and Fellow of The Institute of Actuaries of India and has vast experience in the field of Employee Benefits with clientele in Indian Public Sector, Private Sector, Multinationals, Schools, Hospitals, Banks, Universities, IIT’s and almost all sectors of the Economy.

Our Man Power is very talented & competent in actuarial expertise and have earned high appreciation from our customers. We believe in providing quality services. To avail our services contact us at:-

Website : www.gratuitytrustfund.com
Email : [email protected]
Mobiles : 9211637063 (Tikaram Chaudhary)
Land Line : 011- 45261651
(Terms & Conditions Apply)

Our Firm Gratuity Trust Fund Consultant - GTFC is headed by Mr. Tikaram Chaudhary, he has almost 14 years of experience and specialization in providing End to End Consultation for Formation of Gratuity Trusts and related matters as per various provisions of Fourth Schedule of Income Tax Act, 1961 &....

03/05/2024

Why Non-Compliance of AS 15 (Revised 2005) & IndAS19 needs to be observed by the CA, CS & Auditors of the Indian and Multinational Companies?

For more details Visit my article at :-

Hi Group Members!I thought you might like to read my new article:Requirement of Actuarial Valuation Reports in complianc...
26/12/2022

Hi Group Members!

I thought you might like to read my new article:

Requirement of Actuarial Valuation Reports in compliance for International Accounting Standard 19 – IAS 19 (Revised 2011)- IFRS

This article is an attempt to describe about requirement of Actuarial Valuations for compliance of International Accounting Standard 19 – IAS 19R by Indian MNC’s & Companies Operating Middle East and North Africa regions in at the end of Calendar year (i.e.

At our Firm GTFC, We made the most complicated process easy for HR, Accounts and Finance officers of our clients spread ...
28/04/2022

At our Firm GTFC, We made the most complicated process easy for HR, Accounts and Finance officers of our clients spread in all Sector of Indian Economy. The process is to Prepare Inputs for Actuarial Valuations required for Accounting of Employee Benefits (i.e. Gratuity, Leave Encashment, Long Service Award etc.) in compliance of Accounting Standards (i.e. AS 15 Revised 2005 & IndAS 19) prescribed in Section 133 of Companies Act 2013 at the End of Each Financial Year (Currently 31.03.2022). The process of Actuarial Inputs preparation include

1. Selection of Employees to be included in Actuarial Valuations,

2. Selection of Employees Data fields and their roll in Actuarial Valuations

3. Selection of Financial & Demographic Assumptions for Actuarial Valuation based on Past Trend and Future expectations,

4. Selection of Correct Plan provisions for Actuarial Valuations.

5. Reconciliation of Qualifying Assets Values

6. Selection of Payments made under various Plans

7. Understanding the results of Actuarial Valuations and its impact on Balance Sheet and Profit/Loss of the Companies.

In case of any query or requirement call us in the above matter contact us at 9211637063 or at [email protected]

We are providing Actuarial Valuation Services from last 12 years to Indian, Nepalis, UAE, South East Asian and Other Glo...
07/03/2022

We are providing Actuarial Valuation Services from last 12 years to Indian, Nepalis, UAE, South East Asian and Other Global Clients.

The Actuarial Valuation Services required by SME, Non SME, MNC, Pvt Ltd, Ltd, Public Sector, Schools, Colleges, Universities to comply with the requirement of following Accounting Standards :-

I. AS 15 - Revised 2005,
II. IndAS 19 ,
III. IAS 19 Revised 2011- IFRS
IV. Nepal Accounting Standard - NAS 19
V. IFRS 17

Acturial Valuations are required for following plan :-

A. Gratuity,
B. Earned Leave
C. Sick Leave
D. Half Pay Leave
E. Other LongTerm Leaves.
F. Pension
G. Post Retirement Medical Plans
H. Long Term Service Awards.
I. ESOP Valuations.
J. Warranty Valuations.
K. Any type of long term benefit plan where Actuarial Inputs are required.

Most frequently used terms in Actuarial Reports are:-

1. Present Value of obligation.
2. Interest Cost.
3. Current Service Cost.
4. Past Service Cost.
5. Service Cost.
6. Benefit Paid.
7.Actuarial Gain/loss
8. Experience adjustment
9. Other Comprehensive Income.
10. Defined Benefit Obligation.
11. Statement of Profit/loss.
12. Interest Rate for Discounting.
13. Salary Escalation Rate etc. etc.

In case of any requirement call us at 9211637063 or email your requirement at [email protected]

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R 11 First Floor R Block Vikas Nagar Uttam Nagar New Delhi
Delhi
110058

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