Ms. Chhil is a seasoned tax and regulatory advisor with more than two decades of experience guiding global and domestic financial institutions and companies through India’s complex regulatory and tax environment. She advises banks, non-banking financial companies (NBFCs), fintech companies, investment funds, and capital market participants on structuring, regulatory issues, tax compliance, and dispute resolution. 

Ms. Chhil’s notable assignments include: assisting foreign banks in preparing and filing banking applications with the Reserve Bank of India (RBI), including subsequent applications required to commence business operations; advising and assisting in setting up of NBFCs, including guidance on tax implications and regulatory matters; advising and assisting in the preparation and filing of applications for payment system operators with the RBI; assisting with tax planning and compliance for branches of foreign banks and financial services entities operating in India; supporting leading financial services companies in establishing their stockbroking and investment banking operations in India; assisting industry participants in preparing and filing payments bank and small finance bank applications with the RBI; advising foreign portfolio investors, offshore funds, and other qualified investors on tax and regulatory structuring for investments into Indian capital markets; providing tax and regulatory advisory services relating to the operations of financial services companies; assisting a large investment bank with restructuring its India investment following the exit of its local joint venture partner; advising a major financial services company on tax and regulatory implications of establishing a captive outsourcing unit in India; advising on dispute resolution strategies and representing clients before the Indian revenue authorities; and advising on India exit strategies and optimal capital repatriation structures. 

Prior to joining A&M, Ms. Chhil was a Partner in EY’s Tax & Regulatory Services practice, where she spearheaded initiatives in tax and regulatory services for financial services clients, including banks, NBFCs, and payment system operators. 

Ms. Chhil is an associate member of Institute of Chartered Accountants in India (ICAI).