No Statutory dues Certificate
A “No Statutory Dues Certificate” is a document issued by a relevant authority or a certified professional, such as a Chartered Accountant (CA), to confirm that an individual or organization has no outstanding statutory dues or liabilities as of a specified date.
Statutory dues refer to the legal obligations or financial liabilities that an entity require to fulfill under applicable laws, regulations, or agreements.
The certificate serves as a declaration that the entity has met its financial obligations. And It has no pending payments or outstanding dues to any government authorities, regulatory bodies, or other relevant parties. It demonstrates that the entity has complied with the prescribed timelines for payment and filing of statutory dues. It is also including taxes, duties, contributions and other mandatory payments.
For more information to visit: https://www.mca.gov.in
The purpose of obtaining a No Statutory Dues Certificate is to provide assurance to stakeholders, such as clients, customers, government agencies, or financial institutions, that the entity has fulfilled its legal obligations and has a clean record in terms of outstanding statutory dues. It may require in various business transactions, contracts, tenders, loan applications or other circumstances. Because proof of compliance with statutory obligations is necessary.
The certificate is typically issue after a thorough examination of financial records, documentation, and verification of compliance with relevant laws and regulations. It signifies that the entity is in good standing with respect to its statutory obligations and strengthens its credibility and reliability in business dealings.
For further details access our website https://vibrantfinserv.com
