Microvistatech - XBRL Filing, GST Software, Struck Off Company, Strike Off companies

Financial reporting is an essential aspect of any business, and it becomes more critical for organizations that comply with regulatory requirements. The eXtensible Business Reporting Language (XBRL) has become the preferred format for financial reporting due to its ease of use and the ability to capture and share data in a standardized format. The advent of online XBRL software has revolutionized financial reporting by enabling multiple stakeholders to collaborate in real time. In this article, we will explore the benefits of online XBRL software for collaborative financial reporting.   Introduction to XBRL Before diving into the benefits of online XBRL software, it's essential to understand what XBRL is and how it works. XBRL is an open, XML-based language used for the electronic transmission of business and financial data. XBRL allows organizations to tag financial information, which can be understood by machines, making it easier to process and analyze. XBRL has become inc

If you are a business owner or a director of a company in India, you may have heard of the term “strike off” or “striking off” of a company. But what does it mean and how does it affect your company? In this blog post, we will explain what strike off of a company in India is, why it happens, what are the consequences, and how to revive a   struck off company Struck Off Company in India - What You Need to Know What Is Strike Off of a Company in India? Simply put, company cancellation is a process of removing your company name from the company register in India, which is maintained by the Registrar of Companies (ROC) in India. Once the company is “untied”, it is effectively closed and therefore can no longer do any business, post its closure.  Why Does a Company Get Struck Off? A company can get struck off by the ROC for various reasons, such as:  The company has failed to file its annual returns or financial statements for two consecutive financial years.  • The company has not started