What is the MARC network?
MARC is the brand under which the member firms of Mangal Analytics and Research Consulting Private Limited operate and provide professional services. Together, these firms form the MARC network. ‘MARC’ or ‘Mangal Analytics and Research Consulting’ is often used to refer either to individual firms within the MARC network or to several or all of them collectively.
In many parts of the world, accounting firms are required by law to be locally owned and independent. Although regulatory attitudes on this issue are changing, MARC member firms do not and cannot currently operate as a corporate multinational. The MARC network is not a global partnership, a single firm, or a multinational corporation.
For these reasons, the MARC network consists of firms which are separate legal entities. The firms that make up the network are committed to working together to provide quality service offerings for clients throughout the world. Firms in the MARC network are members in, or have other connections to, Mangal Analytics and Research Consulting Private Limited, an Indian private limited company. Member firms of Mangal Analytics and Research Consulting Private Limited can use the MARC name and draw on the resources and methodologies of the MARC network. In addition, member firms may draw upon the resources of other member firms and/or secure the provision of professional services by other member firms and/or other entities. In return, member firms are bound to abide by certain common policies and to maintain the standards of the MARC network as put forward by Mangal Analytics and Research Consulting Private Limited.
The MARC network is not one partnership and MARC member firms are not otherwise legal partners with each other. A member firm cannot act as agent of Mangal Analytics and Research Consulting Private Limited or any other member firm, cannot obligate Mangal Analytics and Research Consulting Private Limited or any other member firm, and is liable only for its own acts or omissions and not those of Mangal Analytics and Research Consulting Private Limited or any other member firm. Similarly, Mangal Analytics and Research Consulting Private Limited cannot act as an agent of any member firm, cannot obligate any member firm, and is liable only for its own acts or omissions.