TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Rules for Companies: Record Audit Trails and Disclose Insolvency Details per Companies (Accounts) Amendment Rules, 2021.</h1> The Companies (Accounts) Amendment Rules, 2021, issued by the Ministry of Corporate Affairs, amends the Companies (Accounts) Rules, 2014. Effective April 1, 2021, companies using accounting software must ensure it records an audit trail of all transactions, maintains an edit log of changes with dates, and prevents disabling the audit trail. Additionally, companies must disclose details of any applications or proceedings under the Insolvency and Bankruptcy Code, 2016, and explain discrepancies between valuations at loan origination and one-time settlements. These amendments aim to enhance transparency and accountability in financial reporting.
TaxTMI 
TaxTMI 
