|
Dear ________
As a professional responsible to ensure good corporate governance and compliance of all statutory rules, there are some important compliance issues that you may be missing out on.
Registering on M1xchange TReDS platform is one of them. Registering on a TReDS platform is mandated by GOI and is compulsory for any corporate having turnover greater than 500 cr.
Furthermore, as per regulation all micro and small vendors have to be paid within a period of 45 days.
We do hope that you are in compliance for both. Non-compliance attracts penalty and more importantly becomes an audit issue requiring a high degree of administrative post facto compliance hassles.
|
