Heads up! As of April 1, 2023, the MCA requires all companies under the Companies Act 2013 to use accounting software with a mandatory, unalterable audit trail. 📊 This means every financial action is logged with timestamps and user details. 🕰️ Non-compliance means big penalties. 💸 Choose your software wisely and keep those records for eight years!
For more information 🔗https://www.setindiabiz.com/blog/audit-trail-compliance-accounting-software-mca-guidelines
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