Name: Nimesh Gupta Enrollment No.

:19BSP1746
IBS Campus: Bangalore Mobile No.: 7738876234
E-mail Id: gupta.nimesh1994@gmail.com

SIP PROPOSAL
I. SIP Proposed: Secretarial Audit & Due Diligence including Statutory and Internal Audit with
BO&CO LLP.
II. Description of SIP in brief:
B.O & CO. LLP provides services like Financial & Business Advisory, Accounting & Book Keeping,
Audits, Taxation, Company Law and Other Legal services. The SIP which we will be doing for 3 months,
i.e., from 18th February to 23th May 2020, consists of the activities related to the services which the company
provides. They have tie-ups with many reputed corporate bodies. Their motive is to give their Interns
maximum exposure by giving them different kinds of work for overall development. They allocate different
work and responsibility to all their interns so that each one could grab knowledge of various sectors in their
firm, which will help them grow faster and gain diversified knowledge. The allocated work will help us
understand various Companies Act, Sections of GST , Audit and Audit documentation, Tally ERP 9’s latest
version, etc. They believe in providing total solutions to their clients, aiming for total satisfaction.
Till date work has been done on the project including preparation of minutes for Board Meeting and
Shareholders Meeting for various Body Corporates (Private Limited and Public Limited entities) and
preparation of statutory registers for them, and also Preparing of Company Chart with detailed report on
directors, their annual filing status and compliances done since inception and Secretarial work related to the
industries for filling various Registrar of Companies (ROC) forms of 2019-20. I have been given the
opportunity for an Internal and Concurrent Audit of Depository participant (DP) for the clients of BO & CO.
LLP.
Overall, there is a diversified exposure to various work done by the company. A regular motivation to learn
something is done by the company guide which is helping me to get myself engrossed into the work with
more focus and enthusiasm.
III. Objectives of the SIP:
 Focus on the taxation laws in India applicable to the individual firms as well as
Industries.
 To learn about the audit (internal, statutory, concurrent and tax) and audit documentation.
 Gain practical knowledge about how things are actually with proper procedures.
 Study of legal framework contributing towards corporate compliance management
Covering an important aspect in the financial management i.e, Company’s Act 2013,
Companies Act 2002, etc.

IV. Methodology:
 Existing data is utilized when the work is related to Auditing, Legal documentation,
Verification etc.
 Secondary data is used for research work.
 Completion of day-to-day tasks which includes Accounting, Legal documents and
Reports on the research work done.
 For secretarial work secondary data of a particular organization is needed for Registrar of
Companies (ROC) 2019-20 filling.
 Regular visit to the assigned client’s place for the completion of audit (it may be statutory,
Internal or concurrent) within the deadline.

V. Schedule:
18th February 2020 to 23rd May 2020 (3 Months)
Monday to Friday 09:30 – 5:30 and Saturday 09:30 – 1:30

VI. Limitations of the study:

 We are Learning is at a slower pace as we are new in the company, thus we need regular practice to
improve ourselves and for this period of 3 months is not sufficient.
 Visiting companies for the audit process will commence in between of SIP.

VII. References:
Faculty Guide Name: Dr. Sharon Jose
Company Guide Name: CA Om Prakash Jain