What is LLP Closure ?
Winding up is the process, where all the assets of the business are sold to paying off creditors and distributing surplus if any, among the owners of the business. An LLP may decide to wind up its business by two modes, either by voluntarily winding up or compulsory winding up.
Involuntary winding up partners may decide between themselves to wind up the operations of the business. In compulsory winding up an LLP may be compulsorily wound up by the order of the tribunal. There are certain circumstances for the LLP compulsory winding up. Eg. when LLP is unable to pay off its debts, where the number of partners of the limited liability partnership is reduced below two and it continues for the period of more than six months.
What is Private Limited Company Closure ?
If your business in the private limited company is not running properly or faces continuous losses, it is better to close such private limited company and look for a new beginning. A private limited company needs to be closed or windup, when there are no exchanges or the Directors of the company, is not willing to proceed with its operations. A private limited company generally can be shut by both voluntary and compulsory circumstances. Private Limited Company Closure is done through MK Technology.
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What is Bookkeeping Services ?
Bookkeeping services are necessary for all businesses to ensure accurate operational/financial information. Such information is required by Management, Regulators, and Investors. Also, it is a legal requirement for any business to maintain an appropriate book of accounts to ensure that all relevant taxes are paid and tax filings are made on time.
Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports. However, many small businesses do not have complete accounting departments and require external bookkeeping services. MK Technology can provide your business with bookkeeping services through a network of Business Experts and Chartered Accountants across India.
Accountants may handle more advanced tasks like tax preparation, budget analysis, and investment development. Both Accountants and bookkeepers frequently use advanced financial software to record and track their information.
What is ROC ?
Every Company incorporated in India must comply with the ongoing government rules and regulations after incorporation; a private company is required to comply with the various laws and provisions under the Companies Act 2013 and rules made thereunder.
Registrar of Companies (ROC) is the designated authority that deals with the administration of Companies Act 2013 and it falls under the Ministry of Corporate Affairs. The companies incorporated under the Companies Act, 2013 are mandatory to file various forms, returns and documents with the Registrar of Companies (ROC) in an electronic mode within t
To avoid penalties and fines, it is mandatory to comply with all compliances applicable to your company.
The MK Technology Team shall guide you through all these compliances required to be completed since the incorporation. ROC Compliance for Private Limited Companies is done through MK Technology.
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