This Regulatory Disclosure is issued by Ray Nayak & Associates in compliance with applicable professional, statutory, and regulatory requirements governing professional practice in India.

Professional Status

Ray Nayak & Associates is a professionally managed firm of Cost Accountants engaged in providing services in the areas of audit, taxation, consultancy, advisory, compliance, and representation services.

The firm operates in accordance with applicable laws, professional standards, and guidelines issued by relevant regulatory authorities in India.

Regulatory Framework Compliance

We undertake assignments in compliance with various laws and regulations, including but not limited to:

• Companies Act, 2013 and related rules
• Income Tax Act, 1961
• Goods and Services Tax (GST) laws
• Insolvency and Bankruptcy Code (IBC), 2016
• SEBI Regulations
• RBI Guidelines and Banking Regulations
• MSME and NSIC guidelines
• Other applicable statutory and regulatory frameworks

Professional Qualifications

Our firm is led by qualified professionals, including Cost Accountants and Insolvency Professionals, ensuring that all services are delivered with due professional competence, ethical standards, and regulatory adherence.

Scope of Services

We provide services in the following domains:

• Audit & Assurance Services
• Taxation & Compliance Services
• Corporate Law & Secretarial Services
• Financial & Management Consultancy
• Insolvency & Bankruptcy Services
• Regulatory Advisory & Representation Services

All services are provided strictly within the scope permitted under applicable professional laws.

Independence & Ethical Standards

We maintain independence, objectivity, and integrity in all professional engagements. All assignments are undertaken in compliance with applicable ethical standards and professional conduct requirements.

Limitation of Responsibility

All professional services are rendered based on information provided by clients and applicable legal frameworks at the time of engagement. The firm shall not be responsible for outcomes arising from inaccurate, incomplete, or delayed information provided by clients.

Conflict of Interest

We take reasonable steps to avoid conflicts of interest. Any potential conflict identified during engagement will be disclosed and handled in accordance with professional standards.

Communication with Regulators

Where required, the firm interacts with regulatory authorities, tribunals, and government departments on behalf of clients strictly within the authorized scope of engagement.

Jurisdiction

All services and professional engagements are subject to the jurisdiction of courts located in Bhubaneswar, India.

Contact Information

For any regulatory or compliance-related queries:

Ray Nayak & Associates
📍 Bhubaneswar
📞 +91 9938605235