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Reporting on ifc

This query is : Resolved 
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(Querist)
25 January 2017 Does reporting on internal financial controls necessary for a company which has not started any business activity from the date of its incorporation.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
27 January 2017 IFC report will be required only if there are various processes taking place in the organization. If there are no operations, IFC will not be applicable.
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