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11/32 Azamroad, Mohammadpur, Dhaka-1207

Terms and Conditions

Welcome to Ganonik!

These terms and conditions outline the rules and regulations for the use of Ganonik’s Website, located at ganonik.com.

By accessing this website, we assume you accept these terms and conditions. Do not continue to use Ganonik if you do not agree to take all of the terms and conditions stated on this page.

The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and all Agreements: “Client”, “You” and “Your” refers to you, the person log on this website and compliant to the Company’s terms and conditions. “The Company”, “Ourselves”, “We”, “Our” and “Us”, refers to our Company. “Party”, “Parties”, or “Us”, refers to both the Client and ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the Client in the most appropriate manner for the express purpose of meeting the Client’s needs in respect of provision of the Company’s stated services, in accordance with and subject to, prevailing law of bd. Any use of the above terminology or other words in the singular, plural, capitalization and/or he/she or they, are taken as interchangeable and therefore as referring to same.

Cookies

We employ the use of cookies. By accessing Ganonik, you agreed to use cookies in agreement with the Ganonik’s Privacy Policy.

Most interactive websites use cookies to let us retrieve the user’s details for each visit. Cookies are used by our website to enable the functionality of certain areas to make it easier for people visiting our website. Some of our affiliate/advertising partners may also use cookies.

License

Unless otherwise stated, Ganonik and/or its licensors own the intellectual property rights for all material on Ganonik. All intellectual property rights are reserved. You may access this from Ganonik for your own personal use subjected to restrictions set in these terms and conditions.

You must not:

  • Republish material from Ganonik
  • Sell, rent or sub-license material from Ganonik
  • Reproduce, duplicate or copy material from Ganonik
  • Redistribute content from Ganonik
  • This Agreement shall begin on the date hereof.

Parts of this website offer an opportunity for users to post and exchange opinions and information in certain areas of the website. Ganonik does not filter, edit, publish or review Comments prior to their presence on the website. Comments do not reflect the views and opinions of Ganonik, its agents and/or affiliates. Comments reflect the views and opinions of the person who post their views and opinions. To the extent permitted by applicable laws, Ganonik shall not be liable for the Comments or for any liability, damages or expenses caused and/or suffered as a result of any use of and/or posting of and/or appearance of the Comments on this website.

Ganonik reserves the right to monitor all Comments and to remove any Comments which can be considered inappropriate, offensive or causes breach of these Terms and Conditions.

You warrant and represent that:

You are entitled to post the Comments on our website and have all necessary licenses and consents to do so;

The Comments do not invade any intellectual property right, including without limitation copyright, patent or trademark of any third party;

The Comments do not contain any defamatory, libelous, offensive, indecent or otherwise unlawful material which is an invasion of privacy

The Comments will not be used to solicit or promote business or custom or present commercial activities or unlawful activity.

You hereby grant Ganonik a non-exclusive license to use, reproduce, edit and authorize others to use, reproduce and edit any of your Comments in any and all forms, formats or media.

Hyperlinking to our Content

The following organizations may link to our Website without prior written approval:

Government agencies;

Search engines;

News organizations;

Online directory distributors may link to our Website in the same manner as they hyperlink to the Websites of other listed businesses; and

System wide Accredited Businesses except soliciting non-profit organizations, charity shopping malls, and charity fundraising groups which may not hyperlink to our Web site.

These organizations may link to our home page, to publications or to other Website information so long as the link: (a) is not in any way deceptive; (b) does not falsely imply sponsorship, endorsement or approval of the linking party and its products and/or services; and (c) fits within the context of the linking party’s site.

We may consider and approve other link requests from the following types of organizations:

  • commonly-known consumer and/or business information sources;
  • com community sites;
  • associations or other groups representing charities;
  • online directory distributors;
  • internet portals;
  • accounting, law and consulting firms; and
  • educational institutions and trade associations.

We will approve link requests from these organizations if we decide that: (a) the link would not make us look unfavorably to ourselves or to our accredited businesses; (b) the organization does not have any negative records with us; (c) the benefit to us from the visibility of the hyperlink compensates the absence of Ganonik; and (d) the link is in the context of general resource information.

These organizations may link to our home page so long as the link: (a) is not in any way deceptive; (b) does not falsely imply sponsorship, endorsement or approval of the linking party and its products or services; and (c) fits within the context of the linking party’s site.

If you are one of the organizations listed in paragraph 2 above and are interested in linking to our website, you must inform us by sending an e-mail to Ganonik. Please include your name, your organization name, contact information as well as the URL of your site, a list of any URLs from which you intend to link to our Website, and a list of the URLs on our site to which you would like to link. Wait 2-3 weeks for a response.

Approved organizations may hyperlink to our Website as follows:

By use of our corporate name; or

By use of the uniform resource locator being linked to; or

By use of any other description of our Website being linked to that makes sense within the context and format of content on the linking party’s site.

No use of Ganonik’s logo or other artwork will be allowed for linking absent a trademark license agreement.

Frames

Without prior approval and written permission, you may not create frames around our Webpages that alter in any way the visual presentation or appearance of our Website.

Content Liability

We shall not be hold responsible for any content that appears on your Website. You agree to protect and defend us against all claims that is rising on your Website. No link(s) should appear on any Website that may be interpreted as libelous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.

Reservation of Rights

We reserve the right to request that you remove all links or any particular link to our Website. You approve to immediately remove all links to our Website upon request. We also reserve the right to amen these terms and conditions and it’s linking policy at any time. By continuously linking to our Website, you agree to be bound to and follow these linking terms and conditions.

Removal of links from our website

If you find any link on our Website that is offensive for any reason, you are free to contact and inform us any moment. We will consider requests to remove links but we are not obligated to or so or to respond to you directly.

We do not ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we promise to ensure that the website remains available or that the material on the website is kept up to date.

Disclaimer

To the maximum extent permitted by applicable law, we exclude all representations, warranties and conditions relating to our website and the use of this website. Nothing in this disclaimer will:

limit or exclude our or your liability for death or personal injury;

limit or exclude our or your liability for fraud or fraudulent misrepresentation;

limit any of our or your liabilities in any way that is not permitted under applicable law; or

exclude any of our or your liabilities that may not be excluded under applicable law.

The limitations and prohibitions of liability set in this Section and elsewhere in this disclaimer: (a) are subject to the preceding paragraph; and (b) govern all liabilities arising under the disclaimer, including liabilities arising in contract, in tort and for breach of statutory duty.

As long as the website and the information and services on the website are provided free of charge, we will not be liable for any loss or damage of any nature.

Services

DISCOVER

Services

  1. Statutory Audit :
  • External Audit
  • Consolidated Audit
  • Project Audit
  • NGOB Audit
  • PNGO Audit
  • PF Audit
  • GF Audit
  • WPPF Audit
  1. Internal Audit :
  • Work with internal audit function to assess the possible risk and deficiency of existing control system
  • Redesign the control map to align the business strategy
  • Recommend the possible safeguards that reduce any threats to an acceptable level
  1. Others:
  • Asses and evaluation of financial transactions is free from material misstatement
  • Assess whether Financial statements is prepared in accordance with the IAS/IFRS/ GAAP, relevant laws, rules and regulations
  • Provide reasonable assurance regarding financial statements provide a true and fair view
  • Review internal control system, identify the weakness, provide impact of control weakness and possible recommendations
  1. SMAC assistance to its client to :
  • Identify and manage tax risks
  • Take pressure o? tax fling
  • Gain control on compliance obligations
  • Avoid tax accounting and reporting pitfall
  1. Direct/Corporate Tax:

To meet our objective SMAC others its clients a broad range of fully integrated tax services.

  1. Corporate tax retainer services (Where retainer is provided) :
  • Review and submission of return U/S 75 A
  • Advising on proper withholding tax and VAT from payment
  • Collection of TDS and VDS challan and submission
  • Preparation of monthly TDS & Salary TDS return and submission to the concerned authority
  1. Corporate tax return (Where retainer is not provided) :
  • Computation of Quarterly Advance Income Tax (AIT) and deposit to the same to Govt. Treasury
  • Income tax computation, return submission
  • Obtaining income tax clearance certificate
  1. Assessment/ Appeal to CT/ Appeal to TAT/ Assenting in Review Application :
  • Assessment at DCT level
  • Revised assessment at DCT level after set aside by CT (Appeal), Tribunal
  • Appeal against the order of the DCT
  • Appeal fled by the assesses against the order of the CT (Appeal)
  • Assisting client in fling reference application against the order of the Taxes Appellate Tribunal
  • Assessment of withholding tax return (if return u/s 75(A) is selected for Audit)
  1. Tax Advisory :
  • Tax Health checkup, Tax Retainer Services, TIN registration, Transaction Compliance, Tax Consultancy
  1. Tax Exemption & Approval :
  • Provident Fund Exemption, Provident Fund Approval, Gratuity Fund Exemption, Gratuity Fund Approval, WPPF Exemption
  1. Personal Income Tax :
  • Tax planning, Income tax computation, return submission
  1. Transfer Pricing :
  • Statement of international transactions
  • Transfer pricing documentation and study report
  • Issuance of chartered accountant’s certificate
  1. Indirect Tax

Local government is more concern to increase revenue through collecting indirect tax. Thus the regulations imposed by the authority is more rigid, which is made more difficult to manage the Indirect tax compliance now more than ever. SMAC has expertise to provide solution to its clients to face the indirect tax challenges.

  1. Retainer Services :
  • Monthly VAT return (Mushak 19) preparation & submission
  • Review of the transactions as to whether VAT is deducted as sources
  • Deposited to the Government exchequer on timely basis and to the right code of accounts
  1. VAT Consulting :
  • VAT Registration & address change
  • Revenue and VDS reconciliation
  • VAT assessment at various level (Assistant Commissioner/Commissioner/Appellate Tribunal), documents preparation & review, attending hearing on behalf of client
  1. VAT Advisory :
  • VAT health check up
  • Advice to client as per client requirement/questionnaire
  1. Customs Duty :
  • Customs Duty-Advisory
  • Customs Duty-Compliance
    1. Accounting Services :
    • Accounts Preparation (Monthly, Quarterly & Annual)
    • PF Accounts Preparation
    • WPPF Accounts Preparation
    • Accounting Advisory
    • FDI Reporting
    • Accounts Review
    • Financial Review
    • ERP Implementation
    1. Payroll Services :
    • Monthly payroll processing
    • Payroll tax computation and deduction
    • Salary advice
    • Online pay slip and tax computation
    • Deposition of monthly deducted tax
    • Final settlement calculation
    • Issue of annual investment notice
    • Issue of annual salary certificate
    • Monthly return of employees’ tax
    • Annual return of employees’ tax
    1. Corporate Finance Services :
    • Financial Due Diligence
    • Tax Due Diligence
    • Valuation
    • Merger
    • Feasibility Study
    1. Business Process Developments :
    • Development of Financial Manual and Policy
    • Development of Procurement Manual
    • SOP Preparation for Finance & Accounts Department
    • SOP Preparation for Corporate Finance
    • SOP Preparation for Corporate Finance
    • SOP Preparation for VAT Management
    • SOP Preparation for Inventory & Fixed Assets Management
    • SOP Preparation for Supply Chain Management
    1. Company provides its client other consulting services like :
    • Physical Verification of Inventory
    • Fixed Asset Verification
    • Preparation of Fixed Assets Register
    • Preparation of Inventory Register
    • Cost Certification
    • Price Verification
    • Legalization
  1. Accounting/Bookkeeping Service

These are comprehensive finance and accounting services that may include some or all of the services mentioned below on a monthly basis.

  • Recording all financial data in the Software/ Ms Excel
  • Payroll
  • VAT and Tax
  • Receivables and Payables tracking
  • Maintaining Petty cash
  • Bank reconciliation
  • Credit Card Reconciliation
  • Preparing Budgets
  • Preparation of Contracts and legal deeds
  • Verifying expenses
  • Preparing monthly financial statements in adherence to applicable laws and regulations
  • Assisting auditors during Statutory Audit.
  • Any Consultancy/Advisory Service needed by the client
  • Bank Loan Obtaining
  • Asset Valuation for Business and Individuals
  • Asset Valuation for Visa
  1. Secretarial Services

Secretarial services are provided to assist the operational, formation, structural alteration and regulatory compliance aspects of the company.

This includes

  • Company Formation
  • Company Liquidation
  • Trade license obtaining & renewal
  • IRC/ERC obtaining & renewal
  • BOI certificate
  • Preparation of Article and Memorandum of Association
  • Preparing SOP (Standard Operations Procedure)
  • Preparing Financial and Operational Guidelines
  1. Payroll Services

Services are provided to verify the payroll procedure by examining the salary calculation process that includes tax deducted at source.

  1. Feasibility Study

Services are provided to verify the financial viability and practicality of various undertakings that the client may wish to partake in.

  1. Asset Revaluation

The valuation services are provided to assess the fair value of the Assets & Liabilities of the organisation, in line with the applicable provisions of The IAS, IVS & BSEC

  1. Any kind of legal business registration
  2. Branding
  3. Business advising
  4. Policy making
  5. Values
  6. Positioning
  7. MOU
  8. Form I: Declaration on registration of Company;
  9. Form VI: Notice of situation of registered office;
  10. Form IX: Consent of director to act;
  11. Form X: List of persons consenting to be directors;
  12. Form XII: Particulars of the directors, manager and managing agents.
  13. Drafting of Memorandum of Articles and Articles of Association and other required documents,
  14. Directors’ resolution to open a new Company in Bangladesh;
  15. Obtaining and filling up the following forms for registration of the Company to RJSC:
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