There are various Statutory requirements for a new company. Start with registration of the company with ROC, obtaining PAN, TAN, registration with SSI or MSI, Excise registration, Sales Tax Registration, Factory Licence, EPF, ESI, Service Tax, IE code from DGFT, Pollution Control, Licence from Local Panchayat or Municipal Offices, Electrical Licence, Genset Licence, Weights & Measures Licence, Air Compressor licence etc. etc. Statutory requirements and requlations under the concerned Laws may be obtained from the Departments from where the licences are issuing as it is not easy to list out here.
Regards.
T D Mohan Kumar
what statory requirements
what are the statutory reserves of a company?
Requirements that you must have by law to do certain things.
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public company needs a statutory report
The statutory requirements for shipboard organizations include a system of audits and checks. The purpose of this is to make sure that cleanliness and safety are priorities.
Standards set by the various state regulatory authorities that determine how financial statements must be prepared for regulators. The states are responsible for making certain that insurers will remain solvent and have enough set aside in reserves to pay future claims. To this end, they have devised statutory-accountingprinciples that govern insurance company reporting. These requirements differ from generally-accepted-accounting-principles-gaap. Among other things, statutory requirements include the setting of statutory-reservesand the immediate expensing of the cost of acquiring new business, rather than allowing insurers to spread the exposure over the life of the policy. See also state-supervision-and-regulation
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Organizations must comply with statutory requirements by law. Whereas regulatory requirements may or may not have been legally set forth. They are generally used to manage or control an activity.
pubic company
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
Yeah, the various statutory requirements simply relate labor cost. It's always been that way and that's the way it likely enough will stay