Branch Closure - CiteHR
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Dear All, We would like to close one our branch in karnataka so pl provide the legal format for closing the branch immediately. Thanks & Regards, Venkatachalam P
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Sir, The following are to be taken care before you close a branch:
1 Study the pre colsure clauses in the lease agreement of the premises under this decision in case it is rented one.
2 Give a notice to the owner of the premises at the location under this decision.
3 Make a personal visit to the owners place and arrange to get the security deposit collected after allowing all the admissible deductions
4 Intimate the Commercial Tax Office about the closure, the intimation should be for both the circles that is to CTO - your head office circle and CTO - of the location of the branch under this decision.
5 Take the stocks as per the system and arrange for a physical inventory check.
6 arrive at the differences in stocks
7 value the differences in stocks, and identify the reasons for the same, and upon such list out if you find a member of the branch guilt then make him to pay for the same.
8 Take the list of Fixed assets as per the Fixed Assets Register. Compare with the physical
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