What are the statutory norms in the accounting system to be followed by an incorporated company?

srihr
Hello, I am new to this site. I work as an hr executive for a relatively small and start-up company, but aggressive in growth. We have a dedicated accountant, but not so knowledgeable. i would want to know what are the statutory norms in the accounting system to be followed by an incorporated company like TDS, PF, PT, etc.. I did my research on this site but did not find any consolidated list. I hope there is someone out there with all the knowledge. thanks in advance.
lionelcharles
Hi Srihr,
It is important for any startup to use professional help to understand their accounting / statutory reporting requirements while starting the business to ensure there are no major mistakes or fines later on. Also, you can use a professional for help with understanding the accounting/statutory systems requireed for the company and then use a local accountant to implement the same. You can visit they help with starting your business (incorporation, registration, etc.,) then also help get tax registrations ect., you can visit them by going to <link outdated-removed>
Hope this helps!
deenajag
Hi,
Is your company a proprietorship or a Pvt Ltd co ? Is it registered ? Do you uses power (hP) for your product or service? How many employees do you have - male & female? What is the sector, industry, service or product that your company caters to?
In India we have very minutely customised regulations based on details, hence unable to give a standard format. Perhaps you can start with the registrations that you already have, so that we can help you know which others you may need.
Regards,
Deena Jagasia
shinumon.c.n
Hi, Since i was working with some professionals during my carear, i experienced many start ups getting into trouble\'s, and also due to the recent big changes into Companies Act, 2013 has created a challenge even for professionals. Therefore i would advice you to refer the professional, i had taken the help of professionals from http://www.quickcompany.in/
www.ajsh.in
AJSH & Co - http://www.ajsh.in/ - assists NRIs and foreign nationals to start and set up own business in India. At AJSH, we provide hassle free, professional service for Company Registration and Limited Company Formation in India.
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