A rank holder at both the Intermediate and Final Chartered Accountancy examinations, he has been in practice since 1986. Mr. Nayak oversees the tax advisory, international taxation and financial advisory practice of the firm. He leads the firm’s foray into the banking, financial services and insurance segment consisting of banks, insurance companies, mutual funds, private equity and venture capital funds, stock-brokers and other capital market intermediaries, non-banking financial companies and other financial institutions.
Mr. Nayak has been president of the Bombay Chartered Accountants’ Society in 2004-05, and has been the editor of the Bombay Chartered Accountant Journal, a prestigious journal published by the Bombay Chartered Accountants’ Society with a circulation of over 12,000, from 2007 to 2010. He has been a director of a listed company, and a trustee of various employee trusts of Citigroup. He has been the Chairman of the Taxation and International Taxation Committees of the Bombay Chartered Accountants' Society and is currently the Co-Chairman of the Direct Taxes Committee of the IMC Chamber of Commerce.
Mr. Nayak is also a prolific writer, having authored various books of professional interest, namely, “Transactions in Shares and Securities (including Derivatives) – Taxation & Accounting”, “Livestock Accounting and Taxation”, “Taxation of Charitable Trusts” and “Voluntary Disclosure of Income Scheme, 1997”. He is one of the co-authors of the Technical Guide on ICDS published by ICAI. He contributes a fortnightly column on taxation for Mint, a leading financial newspaper, for the last 8 years and a monthly column on tax controversies for the Bombay Chartered Accountant Journal for more than 22 years. He has also contributed a number of articles for other professional journals and publications such as Economic Times and Outlook Money.
He has also often been invited to express his views on various intricate subjects of taxation to training colleges run by regulators and authorities, such as RBI Bankers Training College, National Academy of Direct Taxes and National Insurance Academy, and regularly delivers talks and presents papers at various professional seminars, forums and conferences all over India, organised by Institute of Chartered Accountants of India, Institute of Company Secretaries of India, Bombay Chartered Accountants Society, Chamber of Tax Consultants, Forum of Free Enterprise, etc.
CNK & Associates LLP (formerly Contractor, Nayak & Kishnadwala) is a firm of Chartered Accountants, based in Mumbai, India's financial capital. With 19 experienced partners and more than 50 qualified Chartered Accountant employees,
3rd Floor, Mistry Bhavan,
Dinshaw Vachha Road, Churchgate,
Mumbai 400 020. India
Phone: +91 22 66230600