Information of CA NB Shetty

Senior Partner at NBS & Company

CMD,Triveni Group & Rupee Boss

Award:

♣ SME Entrepreneurship excellence award in 2020

♣ Completed Articleship with M/s. R. K. Karanth & Co. in the year 1974. After qualifying as a Chartered Accountant, he started his own firm in the name of M/s. N. B. Shetty & Co (now NBS &Co.). The firm has branches at Mumbai, Bangalore, Mangalore.

♣ NBS & Co. specialises in Financial and Tax Advisory to various large, medium and small scale industries such as Oil Exploration, Textile Industries consisting of Spinning, Weaving, Processing and Texturising, Building Construction, Engineering, Food Processing, Chemical, Hotel and Transport business in India.

♣ NBS & Co. has been appointed as auditors for various Public Sector Companies by Comptroller and Auditor General of India, Government of India viz., Indo Burma Petroleum Ltd., (both Engineering and Oil Division), National Film Development Corporation Limited (NFDC), Bharat Textiles Limited, Deposit Insurance and Credit Guarantee Corporation, a Reserve Bank of India Subsidiary, Life Insurance Corporation of India (LIC), Oil & Natural Gas Corporation Ltd. (ONGC), National Bank for Agriculture and Rural Development (NABARD) and The Cotton Corporation of India Ltd. ( CCI ).

♣ The firm was selected by RBI to conduct special audit of FCNR(A) accounts operated by Bank of Tokyo, Bank of America and special audit of security transactions of Bank of Madura Ltd.

♣ The firm was also selected by SEBI to conduct inspection of Tata Mutual Fund and BOB Mutual Fund.

♣ The firm is on the panel of many Nationalised Banks and Financial Institutions viz. I D B I, I F C I.

♣ The firm specialise in advising NRI’s / Foreign Companies wanting to invest in India and Indian Companies setting up companies abroad. The firm has set up many Overseas Corporate Bodies (OCB’s) in Mauritius for taking the benefits of Double Taxation Avoidance Agreement.

♣ The firm also undertakes audits of Charitable Institutions Like Schools, Hospitals and Religious Endowments. Triveni Macfin Ltd , Triveni Resorts & Inns Ltd , Triveni Management Consultancy Services Ltd , Triveni Infotech Ltd.