Simplifying Taxation in India
New Centralised Process of Incorporation of Companies MCA has centralized the process of incorporation of companies w.e.f. 28.03.2016. Under this new process, all e-forms relating to incorporation of companies, viz., INC-2, INC-7, INC-29 and other related forms (INC-22, DIR-12) shall be processed by the Central Registration Centre (CRC). It may be noted that the CRC … Read more
What is Foreign Direct Investment (‘FDI’) ? ‘FDI’ means investment by non‐resident entity/person resident outside India in the capital of an Indian company under Schedule 1 of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. FDI can be done by a non resident entity, non‐resident person, Foreign … Read more
Annual Filing for Limited Liability Partnership & Private Limited CompanyAnnual filling in Limited Liability Partnership : S.No. Documents e-Form1 Statement of Account & Solvency Form 82 … Read more
Registration of DSC1. Go to the following link:http://www.mca.gov.in/MinistryV2/certifying-new.html 2. You will get the following screen 3. Click register DSC if DSC 4. Click Director 5. Fill name as in PAN records. Fill fathers name and in the column of Mothers maiden name, fill fathers name. There are chances of getting a message that your DSC has … Read more
1. FORM1:Attachments:i) Board resolution authorizing for conversion 1. DIN of Designated Partners2. Details of DP:• Full Name• E-mail id• 2. Details of DP: Mobile No.• Date of birth 3. DSC of DP4. Proposed name of LLP5. Object of proposed LLP 6. Total contribution (will be equal to Paid up Share Capital)7. No. of Company/LLP in … Read more
COMPLIANCES RELATED TO PRO-COMPANY INCORPORATION 1) Once a Company is Incorporated Board Meeting must be conducted within 30 days of Incorporation. 2) The agenda for First Board Meting will be Appointment of First Auditor of the Company ,Opening of Bank Account, appointing an authorised signatory and other matters as Company may consider necessary. 3) Share … Read more
a. Requirement under Section 42 and Rule made thereunder with regard to preparation and filing of the private placement offer letter and form PAS 4 to be discontinued. b. Disclosures mandated under Rule 13(2) (d) of the Companies (Share Capital and Debenture) Rules, 2014 to be embodied in the Private Placement Application Form. c. Important … Read more
Application for Partnership Firm Registration shall be made with following documents: 1. Form No.1 – Application Form 2. Partnership Deed (Frankling – Rs. 500/-) 3. Rental Agreement/Affidavit (if Registered office is Own or relatives property and there is no . . . . . . . concept of Rent to be paid. ) 4. PAN’s, … Read more
Checklist for Acquiring ICE Code:- Ø Application Form ( Part- A, and Part – D ) Ø Demand draft of Rs. 500 /- in favor of THE GOINT DIRECTOR GENERAL OF FOREIGN TRADE, JAIPUR Ø Bank certificate as per prescribed format (Part- B, Appendix -18A) or Cancelled Cheque bearing preprinted name of applicant and A/C … Read more
The income tax Act prescribes a specific mode for calculation of income and taxability in the case of Association of Persons. Let’s first discuss what is an Association of Persons and Body of Individuals. An association of persons means an association in which two or more persons join in a common purpose or common action. … Read more