Untitled @profiletvm - Tumblr Blog

RENT AGREEMENT FOR COMPANY

This Rent Agreement is made on this 10th day of February 2021 between ………………………………….. hereinafter called the Lessor / Owner, Party Of the first part AND M/s ……………………………………………………… a proposed company, represented by its proposed Director Sri ……………………. hereinafter called as Lessee/Tenant, Party of the Second Part That the expression of the term , Lessor/Owner and the Lessee/Tenant …

View On WordPress

GST applicability for Expense Reimbursement

As per the provision of GST law, value of supply of services includes ''reimbursement of expenses''. In other words, if any consideration is received as reimbursement from the customer, then GST liability would attract and to be charged on the invoice raised by the service provider. However, reimbursement of expenses can be exempt in one case i.e. pure agent. We need to understand the meaning of Pure agent wherein law provides that value of expenditure or costs incurred by a supplier as a pure agent of the recipient of supply shall be excluded from the value of supply subject to certain conditions. The extract of rule 33 of CGST Rules, 2017, is reproduced as under: The supplier acts as a pure agent of the recipient of the supply, when he makes the payment to the third party on authorization by such recipient.The payment made by the pure agent on behalf of the recipient of supply has been separately indicated in the invoice issued by the pure agent to the recipient of service.The supplies procured by the pure agent from the third party as a pure agent of the recipient of supply are in addition to the services he supplies on his own account. Explanation.- For the purposes of this rule, the expression pure agent means a person wh0 Enters into a contractual agreement with the recipient of supply to act as his pure agent to incur expenditure or costs in the course of supply of goods or services or both.Neither intends to hold nor holds any title to the goods or services or both so procured or supplied as pure agent of the recipient of supply.Does not use for his own interest such goods or services so procured.Receives only the actual amount incurred to procure such goods or services in addition to the amount received for supply he provides on his own account. For example: Payment of statutory fees i.e. filing fee, court fees, etc are not liable to GST. Hence, GST is applicable on reimbursement of expenses except reimbursement is in nature of pure agency. Biswas Filing Service is a Business Consultancy based in Trivandrum Kerala. Our aim is to support startups, small and medium enterprises to complete statutory compliances at an affordable cost. We are offering GST Registrations and Filings at affordable cost. To know more about us visit GST Registration and Filings

Read the full article

GST applicability for Expense Reimbursement

As per the provision of GST law, value of supply of services includes ”reimbursement of expenses”. In other words, if any consideration is received as reimbursement from the customer, then GST liability would attract and to be charged on the invoice raised by the service provider.

However, reimbursement of expenses can be exempt in one case i.e. pure agent. We need to understand the meaning of…

View On WordPress

GST Registration and Filings

Home Page Monthly Filing Starts at Rs 350 Filings Accounting Invoicing GET Registration Rs 750 GST Registration Documentation GET Registration Plus Rs 1,750 GST Registration Documentation Digital Signature GET GST is one of the major taxation restructurings in India aiming to merge State economies and enhance overall growth by forming a single, unified Indian market to make the economy more powerfull. GST is a complete destination based indirect tax levy of goods as well as services at the national level. The main purpose of GST is to consolidate diffrent indirect tax levies into a single tax. Goods and service tax eliminated different tax rates applicable in different states. The online system reduced the complicated formalities for taking registrations and filings. GST is a consumption or destination based tax levied on the basis of the “Destination principle.” It is a comprehensive tax regime covering both goods and services, and be collected on value-added at each stage of the supply chain. Further, GST paid on the procurement of goods and services can be set off against that payable on the supply of goods or services. Simply put, Goods and Services Tax is a tax levied on goods and services imposed at each point of supply. GST is a national level tax based on value added principle just like State level VAT which was levied as tax on sale of inter-state goods. The essence of GST is in removing the cascading effects of both Central and State taxes by allowing setting-off of taxes throughout the value chain, right from the original producer and service provider’s point up to the retailer’s level. GST is thus not simply VAT plus service tax, but a major improvement over existing system of VAT and disjointed Service Tax ushering in the possibility of a collective gain for industry, trade and common consumers as well as for the Central Government and the State Governments. GST, as a well-designed value added tax on all goods and services, is the most elegant method to eliminate distortions and to tax consumption. Biswas Filing is a pre and post business registration compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm. Our Services

Private Limited Company Registration The Private Limited Company Registration enables to carry on the business at the large scale

Partnership Registration Partnership firm registration is the most easiest registration process, comparing the post registration regulatory compliances

One Person Company(OPC) registration When our idea is unique and we have enough resources to start a company

GST Registration and Filings GST is one of the major taxation restructurings in India aiming to merge State economies and enhance overall growth by forming a single, unified Indian market to make the economy more powerfull.

Limited Liability Partnership Limited Liability Partnership (LLP) Registration will provide a platform to small and medium enterprises

NGO Registration NGO’s or Non Governmental Organisations or Non Profit Organizations are a group of volunteers/ people Joined together for social and charitable activities, for the welfare of the Public and society.

Recent Blogs

Restoration of cancelled GST registration June 30, 2020 Giving effect to the decision taken by the GST Council in its 40th meeting held on 12-06-2020, the Central Board… കേരള പ്രൊഫഷണൽ ടാക്സ് April 30, 2020 പ്രൊഫഷണൽ ടാക്സ് എന്നത് ജീവനക്കാരുടെമേൽ ചുമത്തുന്ന നികുതിയാണ് – ശമ്പളം ലഭിക്കുന്ന വ്യക്തികൾ, സർക്കാർ അല്ലെങ്കിൽ സർക്കാരിതര സ്ഥാപനങ്ങളിൽ അല്ലെങ്കിൽ ഏതെങ്കിലും തൊഴിലിൽ ഏർപ്പെടുന്നവർ. ഐടി കമ്പനികളും… Tax in India which has an impact in our business April 11, 2020 In India the major sources of Income of the State Government and the Central Government are Taxes. We the common… Read the full article

LIMITED LIABILITY PARTNERSHIP REGISTRATION

Home Page Startup Rs 6,500/- Name Reservation LLP Registration 2 Digital Signatures 2 Director Identification Numbers Agreement GET Startup plus Rs 8,750/- Name Reservation LLP Registration Stamp duty 2 Digital Signatures 2 Director Identification Numbers Agreement PAN GST registration Bank Account Opening Support GET

Frequently Asked Questions

What are the steps to register an LLP in India? Obtain DSC (Digital Signature Certificate)Apply for DIN (Director Identification Number)Reserve your unique NameFile LLP registration application formPAN and TAN ApplicationFile LLP Agreement within 30 days from Registration How much time will take to register an LLP ? We Biswas Filing Service, will register an LLP and Complete all procedures within 10 – 15 working days after receipt of all documents What are the documents required for LLp Registration? PAN of allPassport / VotersID/ Driving License of allLatest Bank Statement of AllFor Registered OfficeBuilding Tax ReceiptLatest KSEB Bill of Registered Office What is DSC ? DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required. What is the Validity of LLP Registration Certificate. ? The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world How do I check whether my LLP is registered or not ? Go to the MCA website.Go to ‘MCA Services’ tab.In the drop-down click on ‘View Company/LLP Master Data’.Enter the companies CIN.Enter the captcha code. Click on ‘Submit’.Now you will be able to view the exact status of your registration process. What are the benefits of an LLP formation in India. ? It protects you from personal liability for business risks and losses.Makes you look serious and attracts more customers.Creates better image and credibility in the market.Easier to get bank credit and investment from investors.Creates faith in employees and easy to attract talented manpower.It is very convenient to exit or sell the business, due to less documentation and cost.LLP is a mix of Conventional Partnership and a Limited Company. It is a mix of benefits of both types of entities. Whether we receive any documents physically from Government after Registration.? No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance

Benefits of Limited Liability Partnership Registration

All the benefits of a Limited Company The Limited Liability Partnership (LLP) have all the benefits of a Private Limited Company, along with the possibility of unlimited members.Coversion of Business is possible A firm, Private Limited Company or an unlisted public Private Limited Company can be converted into Limited Liability Partnership (LLP). Limited LiabilityUnlike Partnership, no partner their personal properties are liable on account of the independent or unauthorized action of other partners or for their misconduct.Less compliance costsCompare to Private Limited Company, the Complaince Cost is very low. Upto a certain limit of Share Capital and Turnover, no audits are requiredUnlimited Number of PartnersCompare to Private Limited Company or Partnership, the greatest feature of a limited liability partnership is that there is no limit on the number of partners.LLP Agreement Governs The mutual rights and duties of the partners of an Limited Liability Partnership (LLP) are governed by Limited Liability Partnership (LLP) Agreement. A limited liability partnership firm is governed under which law? The formation and regulation of limited liability partnerships is governed by Limited Liability Partnership Act, 2008 and the rules made thereunder i.e. Limited Liability Partnership Rules, 2009 Whether provisions of the Indian Partnership Act, 1932 would be applicable to LLPs ? As per Section 4 of the Act, save as otherwise provided, the provisions of the Indian Partnership Act 1932 shall not apply to a limited liability partnership. What is the basic difference between a Limited Liability Partnership and a General Partnership ? A Limited Liability Partnership is a legal entity separate from its partners and therefore, offers limited liability to its partners whereby any debts and obligations of the LLP will be borne by the assets of the LLP. In the case of a conventional partnership, the partners are jointly and severally liable for each debt and obligation of the partnership firm. Who can be a partner of a limited liability partnership ? As per clause (q) Section 2(1) of the Act, a partner”, in relation to a limited liability partnership, means any person who becomes a partner in the limited liability partnership in accordance with the limited liability partnership agreement. As per Section 5 of the Limited Liability Partnership Act, 2008, any individual or body corporate can be a partner in a limited liability partnership. Whether a trust or a trustee can become a partner in a LLP ? General Circular No. 37/2014, dated 14th October, 2014, clarified that the trustee being a body corporate and representing a trust in case of “Real Estate Investment Trust” (REIT) or “Infrastructure Investment Trust” (InvITs) or such other trusts set up under the regulations prescribed under the Securities & Exchange Board of India Act, 1992, is not barred to hold artnership in a LLP in its name without the addition of the statement that it is a trustee.

Thinks to Know before starting a LLP

Documents for Registration of an LLPDetails of documents required for registering an LLP in IndiaStatutory compliances after LLP registrationIn the LLP Act 2008, several statutory complainces are mentioned, to run an LLP. The non complaince of the provisons may lead to heavy penaltiesTrademark Registration – A brief noteTrademark registration provides us a better protection to our brand and priority for our Company Name ApplicationPoints to remember before Company registration / LLP registrationBefore registering a Private Limited Company, please go through the terms, conditions and important instructionsHow to choose a Name for your LLPThe process of registration of a Private Limited Company, documents required, time taken, etc..,Limited Liability Partnership Registration (LLP) will provide a platform to small and medium enterprises and professional firms to conduct their business/profession efficiently which would, in turn, increase their global competitiveness. After Limited Liability Partnership Registration, (LLP) it will become a corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, as a hybrid of companies & partnerships providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership. Limited Liability Partnership (LLP) is a legal entity under Limited Liability Partnership Act, 2008. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Private Limited Company and Partnership into a single form of organization. Limited Liability Partnership (LLP) ) is a new corporate form that enables professional knowledge and entrepreneurial skill to combine, organize and operate in an innovative and proficient manner. It provides and alternative to the traditional partnership firm with unlimited liability. After Limited Liability Partnership Registration (LLP), its members can avail the benefit of limited liability and the flexibility of organizing their internal management on the basis of a mutually-arrived agreement, as is the case in a partnership firm. LLPs proved to be a unique mode of doing business appealing especially to those run by freelancers, professionals of different specialisations such as digital marketers, software engineers, traders, real estate agents, advocates etc. resorting to Joint Ventures, Venture Capitals, Small and medium enterprises formats to fulfil their business aspirations. People from different walks of life who had been wanting to tie-up for commercial purposes found this as a perfect way out, one which was needed for quite a long time, one which had the flexibility of a partnership, the flexibility of organizing internal management on the basis of a mutually arrived agreement amongst the partners along with the advantages of limited liability of a company including but not limited to limited liability, all at a low compliance cost. Limited Liability Partnership (LLP) is a body corporate and legal entity separate from its partners, have perpetual succession and any change in the partners of a Limited Liability Partnership (LLP) shall not affect the existence, rights or liabilities of the Limited Liability Partnership (LLP) . To start a limited liability partnership at least two members are required initially. However, there is no limit on the maximum number of partners. After Limited Liability Partnership Registration (LLP) some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an Limited Liability Partnership (LLP) , each partner is not responsible or liable for another partner’s misconduct or negligence. For Limited Liability Partnership registration, minimum 2 partners are required.

NEED FOR LIMITED LIABILITY PARTNERSHIP (LLP) REGISTRATION

At present, under partnership law, the maximum numbers of partners a partnership firm can have is fifty also the partners are liable jointly and severally and most importantly their liability is unlimited which means that the personal property of the partners can also be attached for the satisfaction of the debts, in addition to the capital contributed by the partners in the firm. This is the principle reason why partnership firms of professional have not grown in size to meet the challenges posed today. Not only are the firm’s assets completely liquidated under the standard principles of the partnership law, but the partners are also jointly and severally liable for the entire liabilities of the partnership. Thus, the present system acts as a deterrent for the growth and expansion of service based organizations. The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organising their internal structure as a partnership based on a mutually arrived agreement. The Limited Liability Partnership (LLP) registration would enable entrepreneurs, professionals and enterprises providing services of any kind or engaged in scientific and technical disciplines, to form commercially efficient vehicles suited to their requirements. Owing to flexibility in its structure and operation, the Limited Liability Partnership (LLP) would also be suitable vehicle for small enterprises and for investment by venture capital. As the basic structure or model of the Limited Liability Partnership (LLP) is similar to that of any partnership firm Limited Liability Partnership (LLP) requires minimum two partners to form it. Limited Liability Partnership (LLP) cannot be formed by a single person. NRI/Foreign national who want to form an Limited Liability Partnership (LLP) in India then at least one partner should be a resident of India. Two foreign partners cannot form Limited Liability Partnership (LLP) without having one resident Indian partner along with them. It takes more days to form, as all the partners’ signatures are required for each and every document which is then to be attached to requirede-forms. Therefore self attestation of each partner on documents is more as compared to the formation of any Private ltd Private Limited Company. There should be at least 2 persons (natural or artificial) to form an Limited Liability Partnership . In case any Body Corporate is a partner, then he will be required to nominate any person (natural) as its nominee for the purpose of the Limited Liability Partnership (LLP). Biswas Filing is a pre and post business registration compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm. Our Services

Private Limited Company Registration The Private Limited Company Registration enables to carry on the business at the large scale

Partnership Registration Partnership firm registration is the most easiest registration process, comparing the post registration regulatory compliances

One Person Company(OPC) registration When our idea is unique and we have enough resources to start a company

Limited Liability Partnership Limited Liability Partnership (LLP) Registration will provide a platform to small and medium enterprises

Our Blogs

Evolution of LLP – The new era of Partnership June 28, 2020 The evolution in the legal structure of a classic partnership firm brought about the greatest single invention of modern times… കേരള പ്രൊഫഷണൽ ടാക്സ് April 30, 2020 പ്രൊഫഷണൽ ടാക്സ് എന്നത് ജീവനക്കാരുടെമേൽ ചുമത്തുന്ന നികുതിയാണ് – ശമ്പളം ലഭിക്കുന്ന വ്യക്തികൾ, സർക്കാർ അല്ലെങ്കിൽ സർക്കാരിതര സ്ഥാപനങ്ങളിൽ അല്ലെങ്കിൽ ഏതെങ്കിലും തൊഴിലിൽ ഏർപ്പെടുന്നവർ. ഐടി കമ്പനികളും… One-time Penalty Reduction & Prosecution Immunity for LLP March 6, 2020 The Government has recently unveiled a scheme that provides prosecution immunity and reduces the penalty for late filing various LLP… 10 Benefits of an LLP February 6, 2020 The benefits of forming a Limited Liability Partnership are as follows Easy and economical to register and convenient to operate… Points to remember before Company registration / LLP registration January 22, 2020 All documents should be scanned in a document scanner with more than 300dpi resolution in color or black and white… Limited Liability Partnership and Private Company – A Comparison January 7, 2020 Limited Liability Partnership requires a minimum of two partners. However there is no maximum limit like a Private Limited Company.… LIMITED LIABILITY PARTNERSHIP December 18, 2019 Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. A Limited Liability Partnership,… Read the full article

ONE PERSON COMPANY (OPC) Registration

Home Page Start-Up Rs 13,000 Name Reservation Company Registration Stamp Duty 1 Digital Signature 1 Director Identification Number MOA and AOA PAN and TAN GST Registration PF and ESI Registrations Bank Account Opening Support Purchase Now Start-Up Plus Rs 15,000 Name Reservation Company Registration Stamp Duty 1 Digital Signature 1 Director Identification Number MOA and AOA PAN and TAN GST Registration PF and ESI Registrations Bank Account Opening Support Certificate of Commencement of Business Purchase Now

Frequently Asked Questions

What are the steps to register a Company in India? Obtain DSC (Digital Signature Certificate)Apply for DIN (Director Identification Number)Reserve your unique NameForm SPICe (INC-32)e-MoA (INC-33) and e-AoA (INC-34)PAN and TAN Application How much time will take to register a Company. ? We Biswas Filing Service, will register a Company and Complete all procedures within 10 Working days after receipt of all documents What are the documents required for company registration? PAN of allPassport / VotersID/ Driving License of allLatest Bank Statement of AllFor Registered OfficeBuilding Tax ReceiptLatest KSEB Bill of Registered Office What is MOA.? MOA stands for Memorandum of Association whereas AOA means Articles of Association. Both these documents act as an important source of information for various shareholders and other stakeholders associated with a Company.MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share Capital of the Company. In short, it explains the relationship of a Company with the Outside world. What is AOA. ? AOA stands for Articles of Association are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC). When AOAs are in conjunction with the MOA, they are called the Constitution of the Company. What is DSC ? DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required. What is the Validity of Company Registration Certificate. ? The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world How do I check whether my company is registered or not ? Go to the MCA website.Go to ‘MCA Services’ tab.In the drop-down click on ‘View Company/LLP Master Data’.Enter the companies CIN.Enter the captcha code. Click on ‘Submit’.Now you will be able to view the exact status of your registration process. What are the benefits of company formation in India. ? It protects you from personal liability for business risks and losses.Makes you look serious and attracts more customers.Creates better image and credibility in the market.Easier to get bank credit and investment from investors.Creates faith in employees and easy to attract talented manpower.It is very convenient to exit or sell the business, due to less documentation and cost. Whether we receive any documents physically from Government after Registration.? No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance

One Person Company

When our idea is unique and we have enough resources to start a company, and we do not want to share the profits, then One Person Company (OPC) Registration is the better option. The law makers in India had introduction the new Concept, One Person Company (OPC) under the new Companies Act 2013. This move inspired the corporatization of micro and small businesses, with a simpler legal formalities so that the small entrepreneur is not compelled to devote more time, energy and resources on complicated legal formalities. This helped our economic development as well as it created new employment opportunities. One Person Company (OPC) Registration can do by any Indian Resident, who is an Indian National. One Person Company (OPC) Registration can also done by converting his sole proprietorship business. The One Person Company is one of the most convenient form of business entity, if the business man is unable to find a partner or he/she don’t wants to share his/her business ideas and profits. Even if the new concept of OPC is in the nascent stages in India, it is recognized by all.The One Person Company concept holds a positive future for small traders, entrepreneurs with low risk taking capacity, artisans and other service providers. The One Person Company (OPC) would act as a launch pad for such entrepreneurs to showcase their capabilities in the global arena. After One Person Company (OPC) Registration, it will get a legal personality unlike a Proprietorship and is registered under the Companies Act and is governed by the Company Law/Corporate Law. It has a separate identity but different from the owner of the One Person Company (OPC). Since a One Person Company (OPC) assumes its own personality, the rights and duties of a One Person Company (OPC) are different from those enjoyed by the Owners of the One Person Company (OPC). The shareholder of a One Person Company (OPC) is not its proprietors, but mere suppliers of capital. One Person Company (OPC) can sue and be sued on its own name.

Benefits of One Person Company (OPC) Registration

After One Person Company (OPC) Registration, there is provision for conversion to other types of legal entities by induction of more members and amendment in the Memorandum of Association. So in future if the One Person Company needs more support, it will be eassier. There is no need to chasnge the name at that time, because the name is already registered with Registrar of Companies.Freedom in Decision MakingThe One Person Company has only one Share Holder. Hence owner's word will be the final decison. No other person can interfere in the Management of an OPCLess Legal ComplianceThe volume of compliance by a one person company is much lesser in terms of filing returns, balance sheets, audit etc. Compare to Private Limited Companies, One Person Company has relaxation on compulsory holding of meetings.All Benefits of a Private Limited Company One Person Company is basically a Private Limited Company. It gives the individual entrepreneurs all the benefits of a company, which means they will get credit, bank loans, access to market, limited liability, and legal protection available to companies by virtue of acquiring the legal status and perpetuity.Perpetual SuccessionAn incorporated One Person Company (OPC) is an entity with perpetual succession. The death of a proprietor does not affect the existence of the One Person Company (OPC).In case of One Person Company (OPC) limited by shares, the liability of a member is limited to the extent of amount unpaid on the shares held by member. Biswas Filing is a pre and post business registration compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services

Thinks to Know before starting a One Person Company

How to choose a Name for your CompanyCompliances after Private Company registrationTrademark Registration – A brief notePoints to remember before Company registration / LLP registrationRegistration process and Documents Required for Private Limited Company Registration Our Services

Private Limited Company Registration The Private Limited Company Registration enables to carry on the business at the large scale

Partnership Registration Partnership firm registration is the most easiest registration process, comparing the post registration regulatory compliances

One Person Company(OPC) registration When our idea is unique and we have enough resources to start a company

Limited Liability Partnership Limited Liability Partnership (LLP) Registration will provide a platform to small and medium enterprises

Recent Blogs

Preference shares – A brief Note June 16, 2020 Preference shares are often referred to as preferred stock. It means they are preferred over other types of shares for… കേരള പ്രൊഫഷണൽ ടാക്സ് April 30, 2020 പ്രൊഫഷണൽ ടാക്സ് എന്നത് ജീവനക്കാരുടെമേൽ ചുമത്തുന്ന നികുതിയാണ് – ശമ്പളം ലഭിക്കുന്ന വ്യക്തികൾ, സർക്കാർ അല്ലെങ്കിൽ സർക്കാരിതര സ്ഥാപനങ്ങളിൽ അല്ലെങ്കിൽ ഏതെങ്കിലും തൊഴിലിൽ ഏർപ്പെടുന്നവർ. ഐടി കമ്പനികളും… കമ്പനി ബോർഡ് മീറ്റിംഗുകളുടെ എണ്ണം April 19, 2020 ഒരു കമ്പനിയുടെ ആദ്യ ബോർഡ് മീറ്റിംഗ് രെജിസ്ട്രേഷൻ തീയതി മുതൽ മുപ്പത് ദിവസത്തിനുള്ളിൽ നടത്തണമെന്ന് കമ്പനി ആക്റ്റ് 2013 അനുശാസിക്കുന്നു. അതിനുശേഷം എല്ലാ വർഷവും കുറഞ്ഞത് നാല്… Points to remember before Company registration / LLP registration January 22, 2020 All documents should be scanned in a document scanner with more than 300dpi resolution in color or black and white… Read the full article

Private Limited Company Registration

Private Company Registration Start-Up Rs 13,500 Name Reservation Company Registration Stamp Duty 2 Digital Signatures 2 Director Identification Numbers MOA and AOA PAN and TAN GST Registration PF and ESI Registrations Bank Account Opening Support Purchase Now Start-Up Plus Rs 15,500 Name Reservation Company Registration Stamp Duty 2 Digital Signatures 2 Director Identification Numbers MOA and AOA PAN and TAN GST Registration PF and ESI Registrations Bank Account Opening Support Certificate of Commencement of Business Purchase Now

Frequently Asked Questions

What are the steps to register a Company in India? Obtain DSC (Digital Signature Certificate) Apply for DIN (Director Identification Number) Reserve your unique Name Form SPICe (INC-32) e-MoA (INC-33) and e-AoA (INC-34) PAN and TAN Application How much time will take to register a Company. ? We Biswas Filing Service, will register a Company and Complete all procedures within 10 Working days after receipt of all documents What are the documents required for company registration? PAN of all Passport / VotersID/ Driving License of all Latest Bank Statement of All For Registered Office Building Tax Receipt Latest KSEB Bill of Registered Office What is MOA.? MOA stands for Memorandum of Association whereas AOA means Articles of Association. Both these documents act as an important source of information for various shareholders and other stakeholders associated with a Company. MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share Capital of the Company. In short, it explains the relationship of a Company with the Outside world. What is AOA. ? AOA stands for Articles of Association are the necessary documents to be submitted when the company is incorporated with the Registrar of Companies (ROC). When AOAs are in conjunction with the MOA, they are called the Constitution of the Company. What is DSC ? DSC stands for Digital Signature certificate. DSC is the digital equivalence of physical Signatures. It is needed to file the eforms to Ministry of Corporate Affairs. For the purpose of Company Registration of a private company, DSC for all the Directors are required. What is the Validity of Company Registration Certificate. ? The registration certificate or incorporation certificate has a lifetime validity. There is no need of any renewal of Registration. Certificate issued by Ministry of Corporate Affairs under Government of India is valid all over the world How do I check whether my company is registered or not ? Go to the MCA website. Go to ‘MCA Services’ tab. In the drop-down click on ‘View Company/LLP Master Data’. Enter the companies CIN. Enter the captcha code. Click on ‘Submit’. Now you will be able to view the exact status of your registration process. What are the benefits of company formation in India. ? It protects you from personal liability for business risks and losses. Makes you look serious and attracts more customers. Creates better image and credibility in the market. Easier to get bank credit and investment from investors. Creates faith in employees and easy to attract talented manpower. It is very convenient to exit or sell the business, due to less documentation and cost. Whether we receive any documents physically from Government after Registration.? No., We will not receive any documents physically. Some publishers are taking new Company’s data and sending to the registered address of the Company as VPP. Please Contact your Client Cordinator at Biswas Filing Service for guidance Check Company Name Availability

Benefits of Private Limited Company Registration

Limited Liability The company, being a separate person, is the owner of its assets and bound by its liabilities. The liability of a member as shareholder, extends to the contribution to the capital of the company up to the nominal value of the shares held and not paid by him Separate Property A company being a legal person and entirely distinct from its members, is capable of owning, enjoying and disposing of property in its own name. The company is the real person in which all its property is vested, and by which it is controlled, managed and disposed off. Restricting Outsiders After Private Limited Company Registration, whenever a shareholder wants to transfer his shares, he must first offer them to the existing members of the Private Limited Company. The price of the shares is determined by the directors. It is done so as to preserve the family nature of the Private Limited Company’s shareholders. Perpetual Succession Unlike partnership, the shares of a member in a Private Limited Company can be transferred without the consent of other members. An incorporated company never dies, except when it is wound up as per law. A company, being a separate legal person is unaffected by death or departure of any member and it remains the same entity, despite total change in the membership. Perpetual succession, means that the membership of a company may keep changing from time to time, but that shall not affect its continuity. Separate Management The members may derive profits without being burdened with the management of the company. They do not have effective and intimate control over its working and they elect their representatives as Directors on the Board of Directors of the company to conduct corporate functions through managerial personnel employed by them. Free Transferability of Shares Unlike partnership, the shares of a member in a Private Limited Company can be transferred without the consent of other members.

Things to Know before starting a Private Limited Company

How to choose a Name for your Company Name is our identity. However for naming a Company, we have to consider several laws, rules and other factors. Compliances after Private Company registration A Private Limited Company is considered as one of the most credible form of business entity. Hence the statutory complainces are more Trademark Registration – A brief note Trademark registration provides us a better protection to our brand and priority for our Company Name Application Points to remember before Company registration / LLP Registration Before registering a Private Limited Company, please go through the terms, conditions and important instructions Registration process and Documents Required for Private Limited Company Registration The process of registration of a Private Limited Company, documents required, time taken, etc.., In tune with multifaceted global development in international trade and commerce, the Companies Act 2013 was enacted in India which forms the primary source of Indian company law. The Companies Act, 2013 has been enacted to consolidate and amend the law relating to the companies. The changes in the existing company law (i.e., the Companies Act, 1956) were indispensable due to change in the national and international economic environment and for expansion and growth of economy of our country, the Central Government decided to replace the Companies Act, 1956 with a new legislation to meet the changed national and international economic environment and to further accelerate the expansion and growth of our economy. The new law (i.e., the Companies Act, 2013) is rule based legislation with 470 sections and seven schedules. The entire Act has been divided into 29 chapters. The Companies Act, 2013 aims to improve corporate governance, simplify regulations, strengthens the interests of minority investors and for the first time legislates the role of whistle-blowers. Thus, the enactment is making our corporate regulations more contemporary. Private companies enjoy various privileges and exemptions. The Central Government has been empowered under section 462 (1), to issue in public interest, by notification, directing that any of the provisions of Companies Act, 2013 shall not apply to such class or classes of companies or shall apply to the class or classes of companies with such exceptions, modifications and adaptations as may be specified in the notification. In this context the Central Government vide notification no. 464(E) and 583(E) dated 5th June, 2015 and 13th June, 2017 respectively directed that respective sections of the Companies Act, 2013 shall not apply or shall apply with certain exceptions, modification and adaptations to private companies. The Private Limited Company Registration in the state of Kerala enables to carry on the business in kerala at the large scale, larger than by a single person, business association or a partnership firm. After the Private Limited Company Registration in Kerala, it will be a separate legal personality unlike a partnership firm and is registered under the Companies Act and is governed by the Private Limited Company Law/Corporate Law. It has a separate identity different from the members of the Private Limited Company. Since a Private Limited Company assumes its own personality, the rights and duties of a Private Limited Company are different from those enjoyed by the members of the Private Limited Company. The shareholders of a Private Limited Company are not its proprietors, but mere suppliers of capital. A Private Limited Company can sue and be sued on its own name. From the date of Private Limited Company Registration, such subscribers to the memorandum and all other persons, as may, from time to time, become members of the Private Limited Company, shall be a body corporate by the name contained in the memorandum, capable of exercising all the functions of an incorporated Private Limited Company under this Act and having perpetual succession with power to acquire, hold and dispose of property, both movable and immovable, tangible and intangible, to contract and to sue and be sued, by the said name. For Private Limited Company Registration, it required minimum 2 members and maximum 200 members. Biswas Filing Service is a pre and post business registration compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm.

Private Limited Company Registration The Private Limited Company Registration enables to carry on the business at the large scale

Partnership Registration Partnership firm registration is the most easiest registration process, comparing the post registration regulatory compliances

One Person Company(OPC) registration When our idea is unique and we have enough resources to start a company

Limited Liability Partnership Limited Liability Partnership (LLP) Registration will provide a platform to small and medium enterprises

OUR RECENT BLOGS

New Consumer Protection Act July 29, 2020 The new Consumer Protection Act, 2019, which replaces the earlier law on the subject, has come into force from July… Relaxations for TDS Compaliances July 28, 2020 To give relief from the compliance burden during the Covid-19 pandemic, the CBDT has given relaxation in various compliances. The… BPO Outsourcing Agreement Format July 19, 2020 THIS AGREEMENT is made and entered into as of the …. Day of July 2020 (“Effective Date”) by and between… Read the full article

Draft Application for seeking extension of Annual general Meeting due to Covid 19

Registrar of Companies, Kerala and Lakshdweep, Company Law Bhawan, BMC Road, Thrikkakara, Kochi – 682021

Respected Sir,

Subject: Application for the extension of Annual General Meeting.

Ref: MCA General Circular No. 28/2020 dated 17/08/2020

In terms of section 96 of the Companies Act, 2013, the Annual General Meeting of the members of the company in respect of the financial year…

View On WordPress

Sample Certificate of Agriculture Officer for registering Producer Company

I …………………………………………. , (name of the certifying agriculture officer) Agriculture Officer of …………………. Krishibhavan, hereby certify that Sri./ Smt ……………………………………. (name of the farmer), residing at …………………..(address of the farmer). He /she is a farmer and primary agriculture producer. He/ she has ………………………. Cents/ acers of land. This certificate is issued for providing before Registrar of…

View On WordPress

Relaxations for TDS Compaliances

To give relief from the compliance burden during the Covid-19 pandemic, the CBDT has given relaxation in various compliances. The Govt. vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No. 35 /2020, dated 24-06-2020 has extended various due dates of Income-tax compliances. It includes the extension of due dates for filing of Income-tax Returns for the Assessment Year 2019-20 and 2020-21, TDS/TCS statement of the 4th quarter of Financial Year 2019-20, etc. The Notification has specifically provided that the due dates for completing any compliance shall be 31-03-2021 if it falls during the period from 20-03-2020 to 31-12-2020 except those specified in the Proviso to Notification No. 35/2020. Clause (iii) to the said Proviso creates an exception that the TDS/TCS statement for the month of February or March, 2020, or for the quarter ending on the 31st day of March, 2020, as the case may be, the due date shall be extended to the 31st day of July, 2020. The Notification did not mention anything about the due date for filing of TDS/TCS Statement for Q1 and Q2 of the financial year 2020-21. As the prescribed due date for furnishing of TDS statement for the Quarter 1 of the Financial Year 2020-21 is around the corner, that is, July 31, 2020, there is a chaos to know about the applicable due date. Whether it will be the original due date of 31-07-2020 as per Rule 31A or 31-03-2021, the due date extended for all compliances (falling between 20-03-2020 to 31-12-2020) by the Notification No. 35/2020, dated 24-06-2020. Read the full article

New Consumer Protection Act

The new Consumer Protection Act, 2019, which replaces the earlier law on the subject, has come into force from July 20, 2020. Among other things, the new Act seeks to protect the rights of consumers through its various rules and provisions relating to Consumer Protection Councils, Consumer Disputes Redressal Commissions, mediation, product liability and punishment for manufacture or sale of products containing adulterant/ spurious goods. Authority The Act provides for the establishment of the Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers. The CCPA, according to an official press release, will be empowered to conduct investigations into violations of consumer rights and institute complaints/prosecution, order recall of unsafe goods and services, order discontinuance of unfair trade practices and misleading advertisements, impose penalties on manufacturers / endorsers / publishers of misleading advertisements. E-commerce and country of origin The rules also seek to prevent the use of unfair trade practices by e-commerce platforms. Under the Act, every e-commerce entity will be required to provide information relating to return, warranty, delivery and shipment, modes of payment, grievance redressal mechanism, the security of payment methods and the country of origin of the goods to enable consumers to make an informed decision at the pre-purchase stage on its platform. The e-commerce platforms will be required to acknowledge the receipt of any consumer complaint within forty-eight hours and redress it within one month from the date of the receipt. Besides other measures, the new Act introduces the concept of product liability and brings within its scope the product manufacturer, product service provider and product seller, for any compensation claim. The Act provides for punishment by a competent court for manufacture or sale of adulterant/spurious goods. The court may, in case of the first conviction, suspend any licence issued to the person for a period of up to two years, and in case of second or subsequent conviction, cancel the licence. Conclusion The provisions of the updated law on consumer protection will help in expeditiously resolving various issues being faced by the consumers. Hopefully, the industry will also take note of the provisions of the new Act and avoid indulging in practices detrimental to the interest of consumers. Read the full article

New Consumer Protection Act

The new Consumer Protection Act, 2019, which replaces the earlier law on the subject, has come into force from July 20, 2020.

Among other things, the new Act seeks to protect the rights of consumers through its various rules and provisions relating to Consumer Protection Councils, Consumer Disputes Redressal Commissions, mediation, product liability and punishment for manufacture or sale of…

View On WordPress

Relaxations for TDS Compaliances To give relief from the compliance burden during the Covid-19 pandemic, the CBDT has given relaxation in various compliances.

BPO Outsourcing Agreement Format

THIS AGREEMENT is made and entered into as of the …. Day of July 2020 (“Effective Date”) by and between …………………………. and ……………………………. a having an office and place of business at …………………………………………………….. (hereinafter called First Party)

And the M/s ……………………………………………… having Office at ………………………… and represented by its Directors …………………….(hereinafter called Second Party)

WHEREAS, First Party…

View On WordPress

Trademark Class for Goods and Services

Classes for Goods S. NoClassDescription1.Class 1Chemicals which are used in industry, photography, forestry, unprocessed artificial resins, Tanning and adhesive substances etc.2.Class 2Paintings, coals & pigmentation, lacquers, mordants, printing, and art etc.3Class 3Cleaning products, cosmetics, bleach and abrasives, laundry products, essential oils etc.4.Class 4Fuels, industrial oil,…

View On WordPress

Trademark- A Protection for your Brand

What is a trademark?

A trademark (popularly known as brand name) in layman’s language is a visual symbol which may be a word signature, name, device, label, numerals or combination of colours used by one undertaking on goods or services or other articles of commerce to distinguish it from other similar goods or services originating from a different undertaking. The legal requirements to…

View On WordPress

NOC for using Registered Office

I, ……………………………………, the owner of the Building “……………” located at “……………………….”, hereby confirm that I have no objection in the proposed …………………………………………………… LIMITED” using “the above said building as its Registered Office.

Date: Signature

Place:

View On WordPress

Trending Blogs

Recently Viewed Blogs

Untitled