We have been fostered with unwavering support shown to SUNDAY Ink with the completion of 52 Weeks and would continue to do so coming times with the topics resonate to business theories, values & relevant topics.

As journey progressing we thought to add some spice in the experiential tour and introducing the concept of “Be in the Law”

We all want to be in Governance Frame with regularly watching and having an eye on changes / amendments in the various Acts related to our company in specific.

With the same analogy the compliance to change is the need of the hour to continue to be in the Frame of Law. To emphasize in these edition the Audit Trail mandatory feature for all accounting software for the Companies by MCA.

Audit Trail – basically a Log – record of events /transactions with a trail

Applicability – Immediate – with effect from 1st April 2023

Tick Box – Check the Accounting Software Feature & enable the feature of Audit Trail

Non Compliance – Sec 128 & Penalty –max 5 Lacs could be imposed.

Eligibility – ALL Companies registered under Companies Act  

Hope you found interesting to know some full forms for the short forms which we use quite often in our routine conversations, correspondence & so on

“Have an eye on Law to avoid an eye by Law”

Positive Quote

“Know your boundaries to remain in boundaries”