Terms of Service
The agreement between you and Advisory Monks Consulting when you engage our consulting and advisory services across our Global and India desks.
1. Engagement
These Terms govern any engagement between you (the "Client") and Advisory Monks Consulting (OPC) Private Limited ("we", "our", "us"). The specific scope of services, deliverables, and fees are documented in a written Engagement Letter signed by both parties. The Engagement Letter takes precedence where it conflicts with these Terms. By engaging us you confirm that you have authority to bind the Client entity to this agreement.
2. Scope of services
We provide consulting and advisory services as set out in your Engagement Letter, drawn from one or both of our two desks:
- Global desk: Accounting, Virtual CFO services, and tax preparation for businesses operating worldwide, with deep practice across 90+ DTAA jurisdictions and active corridors including but not limited to the United States, United Kingdom, Singapore, the UAE, Canada, Australia, the EU, the Gulf and East Asia. Where foreign-jurisdiction tax returns are within scope, the work is prepared by our team and signed by a partner licensed in that jurisdiction; we do not represent clients directly before foreign tax authorities and coordinate representation with locally-licensed counsel where required.
- India desk: Twelve practice areas covering India entry, startup legal & fundraising, VC & investor advisory, incubator institutional advisory, NRI / Pravasi services, cross-border tax & structuring, Virtual CFO, M&A advisory, GCC India advisory, valuation services (IBBI), flip structuring, and the Founders Tax Desk.
We do not provide legal advice except where engaged for documentation drafting or transactional support that falls within the firm's competence. We do not provide investment advice, securities-broking services, or insurance products. Where matters intersect with these areas we will refer you to appropriately licensed professionals.
3. Fees, taxes & payment
Fees are set out in your Engagement Letter. Global desk fees are denominated in US Dollars; India desk fees are denominated in Indian Rupees. All India-billed services are subject to Goods and Services Tax (GST) at the rate prevailing on the date of invoice (currently 18%); GST is shown separately on the invoice and is in addition to the fee. Payments may be made through Razorpay (RBI-authorized PA-CB), bank transfer, or such other method as agreed in the Engagement Letter. Recurring retainer engagements are billed monthly in advance. Late payment exceeding thirty (30) days may, after written notice, result in suspension of services.
4. Term & cancellation
Minimum engagement terms are indicative and are confirmed in the Engagement Letter, typically three (3) months for Essentials-class retainers, six (6) months for Growth / Basic-class retainers, and twelve (12) months for Institutional / Advanced / Superior-class retainers. Where the situation calls for it, terms can be discussed and adjusted case-by-case. After the minimum term, engagements continue month-to-month and may be terminated by either party with thirty (30) days' written notice. Upon termination we deliver work-in-progress, a clean handoff package, and copies of relevant client records to the Client at no additional charge.
5. Client responsibilities
You agree to provide complete, accurate, and timely information. We rely on the information you provide and are not responsible for errors, omissions, penalties, or interest arising from inaccurate or untimely client information. You are responsible for maintaining adequate backup of your records, even though we maintain copies in our systems. You will inform us promptly of any changes to ownership, residency, jurisdiction, or material business circumstance that may affect the engagement.
6. Confidentiality & data
We treat all client information as strictly confidential and process personal data in accordance with our Privacy Policy. We do not share client information with third parties except (a) where required by law, (b) where you authorize us to (e.g., filing returns with tax authorities, communicating with auditors), or (c) with sub-processors under written confidentiality agreements (e.g., audited cloud hosting providers, partner-signing licensed professionals). We do not use client data to train artificial intelligence systems.
7. Limitation of liability
Our total liability arising from any engagement is limited to the fees paid by you to us in the twelve (12) months preceding the event giving rise to the claim. We are not liable for indirect, incidental, consequential, or punitive damages. We are not liable for tax, interest, or penalties assessed by any tax authority except where the assessment is directly caused by our error or negligence (in which case our liability is limited to the additional penalty and interest, not the underlying tax). Nothing in this section excludes liability that cannot be excluded under applicable Indian law, including liability for fraud or wilful misconduct.
8. Professional standards
Where engagements involve credentialed deliverables, the credentialed professional engaged on our panel (Chartered Accountant, IBBI Registered Valuer, lawyer, or foreign-jurisdiction professional) is governed by their respective professional code and the standards of their profession. The work product is signed by that licensed professional under their separate engagement letter; we coordinate the work but do not represent ourselves as signatories. Tax advice is not intended for use to avoid penalties under any tax code; clients should rely on signed deliverables for filing positions.
9. Indemnification
You agree to indemnify Advisory Monks Consulting against claims arising from inaccurate information you provide, your unauthorized use or distribution of our deliverables, or your breach of these Terms.
10. Termination
We may terminate an engagement on written notice for non-payment, ethical conflicts (including conflicts under the ICAI Code of Ethics), regulatory non-compliance by the Client, or material breach of these Terms. Upon termination we deliver a clean handoff package per Section 4.
11. Force majeure
Neither party is liable for delay or failure in performance caused by events beyond reasonable control, including natural disasters, regulatory action, internet or infrastructure outages, or epidemics. The affected party will use reasonable efforts to resume performance promptly.
12. Governing law & disputes
These Terms are governed by the laws of India. Any dispute arising out of or in connection with this engagement will first be subject to good-faith negotiation between the parties. If unresolved within thirty (30) days, the dispute will be referred to non-binding mediation seated in New Delhi. If mediation fails, the parties agree to the exclusive jurisdiction of the courts of New Delhi, India, save where the Engagement Letter specifies arbitration under the Arbitration and Conciliation Act 1996 for cross-border scope.
13. Changes to these Terms
We may update these Terms periodically. Material changes are emailed to active clients with at least thirty (30) days' notice. Continued use of our services after the effective date of the updated Terms constitutes acceptance.
14. Contact
Email: [email protected]
General contact: [email protected]
Mail: Advisory Monks Consulting, C-94B, Sector 19, Noida 201301, Uttar Pradesh, India