All income of the entity cannot be taxed once the registration is completed.12AA Registration helps all NGOs for the exemption on Income Tax for only those who are aware of it.So, be aware and enjoy the benefits out of it.Benefits of 12AA RegistrationThe fund which you are intending to use for the beneficent or religious purpose will be viewed as a salary application.12AA registration shouldn't be restored consequently hence it can be considered as an advantageous profit by the NGOs.Organizations or individuals who are registered under this section can exploit the collection of income that cannot surpass 15% for charitable or religious purposes.Section 11(2) considers the application of income subsequently it is excluded from the complete income.The final income will be absolved from tax.NGOs enjoy the advantage of accepting numerous licenses from the legislature and different organizations.In such cases, a self-attested copy of the document confirming the creation of the trust, or foundation of the institution needs to be submitted to the tax Department.Provide a self-attested copy of the registration, which was made with the pertinent body.The relevant body could be the Registrar of Companies, the Registrar of Firms and Societies, or Registrar of Public Trusts.A self-certified copy of the document which is evident at the time of adoption or during alteration of the target of the entity shall be submitted.Financial report of the trust/institution for max three preceding fiscal year.Note on activities which entity performThere a couple of cases that can force the tax Department to cancel the registration issued under this section.
Society RegistrationA society is an affiliation or tie-up of several persons joined hands together using a mutual agreement to manage, and act on some common purpose.Chase the Vision for Society Registration Service Provider online in India and hold your Million Dollar Dream of Social Entrepreneurship with Kanakkupillai Professional Experts!Advantages of Enrolling the Society RegistrationEach certified society avails legal status.Registered society can lawfully open a replacement accounting within the name of the societyCan get commission and regards as per the Income Tax Act.Certified society obtains the status which is mandatory for the statutory enthroning of the wealth of society.The registered society receives legal identification before all authorities and forums.The members of the registered society constitutionally adhere to the same point as if they had signed the Memorandum of the company.A registered society can sue or sued.Documents needed to register a society In IndiaFor a society registration, the mentioned below documents are needed:The Society nameAddress proof of the registered office.Identity proof of all the members of the company which can be:Aadhaar cardCopy of PassportDriving LicenseVoter IDTwo copies of the MOA and By-laws as per the required norms for the society registration.Once the processing fee for the registration is executed, it takes around 8 to 10 days to draft the MoA and By-laws of the Society.Thenceforth it takes about 21 to 30 days to finish the Society registration process.Online Society Registration - A detailed processFor registering a society, the following criteria must be fulfilled:Members: Minimum of seven members for a state society and a minimum of eight members from eight different states (one in Delhi) is compulsoryJurisdiction: Where the registered office of the society is situated.Before the District Registrar in the particular area.For example, Charity Commissioner in Maharashtra.Governing Act: The societies are governed by the Societies Registration Act of 1986.Property management: The property of the society vests in the name of the society and the same can be sold as per the terms mentioned in the bye-laws of the society.(e.g., approval from the Executive Committee Member)Governing Act: The societies are governed by the Society Registration Act of 1986.Dissolution or closure: Dissolution as per the bye-laws of the society, upon dissolution and after settlement of all debts and liabilities, the funds and property of the society might not be distributed among the members of the society, rather, the remaining funds and property must tend or transferred to another society, preferably one with similar objects.Board: Executive Committee(President, Secretary, vice chairman, Treasurer), General Body (All members)Annual compliance: Societies must file annually, with the Registrar of Societies, an inventory of the names, addresses, and occupations of their managing committee members.
Every national trademark registration has an end at that particular country’s boundary, therefore for International Trademark Registration Online in India; you have to file for separate trademark registration under multiple countries.Benefits of International Trademark RegistrationLegal ProtectionInternational Trademark registration helps you in protecting your trademark legally, as you'll sue someone for any infringement doubt.Hence it's always important that before choosing the legal thanks to battle against infringement, register your mark whether it's a word, phrases or slogan, or logo.Business OpportunityTrademark acts as an intangible asset and paves a good path for the growth of your business or brand.Successful trademark registration provides your business with a chance to realize more profit and fame like brands like Adidas or McDonald’s have gained extra money through licensing and franchising agreements.Unique IdentityThe registered brand or product gets global recognition through international trademark registration.Beneficial For Online Business OperatorsInternational Trademark Registration plays a vital role in the growth and development of the online or e-commerce business.If you own a trading business via online then somehow it leads your business in the right way as it is available to international consumers all around the world.Changes and RenewalThe validity of the International Trademark Registration process is about 10-years from the date of filing.In case any infringement happens while importing or export, then you have all right to take legal action on such infringement.Requirements for Obtaining International Trademark RegistrationThere are three main requirements for obtaining a world trademark registration in India:The applicant should be a national of India or domiciled in India or have a real and effective business or commercial establishment in India.The applicant must have a national (Indian) trademark application or registration of a trademark with the Indian Trade Marks Registry.The international application will have an equivalent trademark as mentioned within the national trademark application or registration; The list of products and services mentioned within the international application should also be identified with the national mark.The applicant in the international application must choose one or more other member countries of the Madrid Protocol, where the applicant wants to protect his trademark.Procedure for Filing International TM ApplicationInternational application in each foreign country To file a world application under Madrid protocol through India the applicant must be an Indian national or domiciled in India or the applicant has a real or effective business or commercial established in India.
Patent RegistrationAn individual or an organization applying for intellectual property rights of their product or invention or a legal document granting the inventor sole power to that invention is known as Patent rights.Protect your creative work and obtain a priority date for your patent of the invention by applying for Patent Registration Online in India - secure exclusive rights and powers over your own invention with Kanakkupillai!Different kinds of Patent Registration ApplicationBasic ApplicationThis application form is carried out when there is not any reference or application to any other practical application under process in the Indian Patent office.It is mandatory to file the application for an Indian patent within the time period of 12 months during the initial filing.PCT International ApplicationPCT International application is used to file the Patent Registration application in repeated countries, and it provides an option for tender it in around 142 countries.This process will take around 30-31 months from the foreign registration date to enter and claim authority in each state.PCT National Phase ApplicationThis form should be filed within 31 months from the global registration date.NoveltyThe basic qualification is that the product should be new and fresh and not be a part of or reference from "prior art".InventivenessThe product must have some innovative action and technological advancement that contributes to the existing knowledge, and the invention should not be visible to any individual skilled in the art.Inventive StepThe product must have some innovative action and technological advancement that contributes to the existing knowledge, and the invention should not be visible to any individual skilled in the art.Utility ApplicationManufactured or fabricated or constructedEmployed in at least one field of actionCan be reproduced using the same features or procedure or properties as many times as needed.Can be recreated with equivalent properties or characteristics as repeatedly as needed.Documents required for the Patent Registration processApplication in form-1Proof of right to register the shape of the patent.Report and undertaking as per section-8 in form-3, if applicableIf a patent agent goes for the patent application, then the power of administration in form-26 is neededIf the registration is for biological substances, then the applicant has to get approval from the ' National Biodiversity Authority, earlier the allowance of the patent.In the case of biological material utilized in the innovation, then the origin of geographical origin must even be introduced.The signature of the applicant in all the required forms and documentsThe last sheet of the complete stipulation should be signed by the appellant/agent.StartUp India Certificate or MSME If applicableThe procedure of Patent Registration in IndiaSearching PatentSearching for a patent is a very basic process that has to be performed to confirm the novelty and the authenticity of the invention.Drafting the PatentA patent is a legal document that establishes the details and techniques of the invention and explains the rights.The Patent Registration conditions are often of two types: Provisional stipulation Complete blueprintIt is mandatory to file the provisional stipulation to assure a priority date.The purposes written in the full specification states the features of the 'invention', 'area of imagination', ' claims',’ process’, and the 'method' to produce an invention.Patent Registration form FilingThe complete Patent Registration form is filed with the concerned patent registry.If only the provisional condition is registered, then it's required to submit the whole requirements within the period of time of 12 months and if failing to try to do so may get rejected.Journal BroadcastingWhile applying, the invention details will be published in the patent journal after the completion of the expiry period of 18 months from the precedence date.
EPF RegistrationRegister EPF Online India with the guidance of our expert Team at Kanakkupillai.EPFO is the largest social security entity with a large mass of financial transactions within it.EPF Registration Online provides various benefits to the employee after their retirement in the form of PF.EPF is a short form of Employee Provident Fund that is managed and regulated by Employees Provident Fund Organization (EPFO) and it is launched under Employee’s Provident Funds & Miscellaneous Provisions, Act 1952.Advantages of EPF RegistrationThe employer adds some ratio of the fund to the EPF fund alongside the share of the worker.The employer or the business owner of the company also adds his part which is inclusive of the employee pension scheme (EPS).This Employee Provident fund supports as an aid for the worker at the time of their retirement period, illness, disability demise, or any risk happened to the worker.In case the worker changes his job, the PF account of an employee needs to not be closed and may be carried forward to this company.PF funds own by the employee can be run for long-term plans.Eligibility for EPF Registration for Indian employersTo be eligible for PF Registration, a corporation has got to fulfill the subsequent criteria:A factory with a total employee strength of 20 or more.An establishment that employs more than 20 persons.Here, the Central Government defines the category of such firms.An establishment that has less than 20 workers and has been notified of compulsory registration for not less than 2 months.Companies with but 20 employees (Note: Such companies must issue a notice to the Employees’ Provident Fund Organization in 2 months or but that)The employer and therefore the employees of an institution must mutually comply with apply for PF to the Central PF Commissioner.A notification has to be sent to the Official Gazette from the date of the agreement.Every employee is eligible for PF right from the beginning of his employment.
Professional Tax RegistrationProfessional Tax may be a tax imposed by the government on all salaried workers including employees, professionals, and trades in India.It is essential for every business or entity within 1 month after its registration or commencement of business with the help of Tax Consultants in India.Who Pays Professional Tax?Self-employed individuals who are working in any kind of profession, business, and trade will come under the category of professional tax and are legally responsible for paying professional tax to the state government.It is mandatory for a self-employed individual to get the certificate of Enrolment from the authorized authority in the specified format.If a salaried individual or wage earner’s, Professional tax is deducted from the salary of the employees every month.An employer cannot make a deposition of the deducted amount without getting the registration certificate from the respective authority.Benefits of Professional Tax Registration OnlineFollowing are the reasonable factors why should one never miss professional tax:Paying knowledgeable tax may be a judicial requirement and if a person avoiding it are often reliable for the penalty or legal issues and self-employed individual and employer should also pay their professional tax depending on their rates or wages provided by their respective state within the prescribed time.Professional tax is straightforward and straightforward to suits.Rules and regulations governing professional tax enforce minimal restrictions and it's very simple to urge registered with uncomplicated monthly or annual compliances.The deduction is often laid claim of earlier paid professional tax.Being a state tax, the Professional tax a local tax authority’s obligation to get the professional tax deducted from fees of the professional, business income, and salary.Documents Required For PT Registration For Company /LLPCertificate of Incorporation, MOA & AOA / LLP Agreement.PAN card of Company/LLP duly attested by directors of the companyPremises proof of Company and a NOC from the owner of such premisesBank Account of Company: Cancelled cheque and bank statement.List of Directors, passport size Photographs of all Directors, id and address proof.Board Resolution or consent statement of partnersAttendance Register & Salary RegisterWhat is the Procedure of Professional Tax Registration?Procedure for Professional Tax registration may be a State-specific query.Further, counting on the State’s requirement, Professional tax returns also got to be filed at specified intervals.
Closure Private Limited CompanyFor Closure up of Private Limited Company Online without having to go to a judicature, the Ministry of Corporate Affairs has launched the rules and regulations 2020, as per the stipulated conditions in the Companies Act, an alternative to the normally used liquidation process according to India’s bankruptcy code.Get the Benefits of Closure up of Private Limited Company legal actions with Kanakkupillai!Advantages of Closure Up of CompanyFrom Debts And Responsibility After LiquidationOnce the process of liquidation is over, the directors and the administrators of the company are free from all debts, responsibilities, lender accounts, and pressure.The Low Lost Needed For The Liquidation ProcessThe price or responsibilities expected in the liquidation process is relatively small, as rates will be employed for the sale of assets of the company.Withdrawing Legal Action From The CompanyIf the recommendation or consideration is passed advisedly by directors of the company, they will dismiss legal action brought by the tribunal or by the court and allow the company directors to concentrate on other business possibilities.Withdrawing Legal Action From The CompanyIf the recommendation or consideration is passed advisedly by directors of the company, they will dismiss legal action brought by the tribunal or by the court and allow the company directors to concentrate on other business possibilities.Protection For Investors Or CreditorsComplying a continued struggle, investors or creditors will benefit from the liquidation process as they will be useable for a failed payment, regarding the statement of credits given by all investors or creditors.Types of Company windupWhat are the different ways in which an individual can wind up a Company?A company can be wound up in two different ways-Voluntary winding up of a CompanyCompulsory winding up of a company1.Voluntary Winding up of a CompanyThe Winding-up of a corporation is often done voluntarily by the members of the corporate, if :The company passes a special resolution for winding up the Company.The Company in general meeting passes a resolution which requires a company to wind up voluntarily as a result of the expiry of the period of its duration, and as per the Articles of Association or on the occurrence of any event in respect of which the articles of association provide that the company should be dissolved.Procedure for Voluntary winding up of a CompanyConvene a board meeting with the Directors in which a resolution should be passed with a declaration by the directors that they have made an inquiry in the affairs of the Company and the company no debts or the Company will pay from the precedes of the assets sold in the voluntary wind up of the company.Notices should be issued in writing to call for the general meeting of the Company proposing the resolutions, with a suitable explanatory statement.Pass the ordinary resolution for winding up of the Company in the general meeting by ordinary majority or special resolution by 3/4 majority.The Winding-up of the Company shall commence from the date of passing the resolution.A meeting of the creditors should be conducted on an equivalent day or subsequent day of passing the resolution regarding completion.If the 2/3rd value of the creditors is of the opinion that it is in the interest of all parties to wind up the Company, the Company can wound up voluntarily.Within 10 days of passing the resolution for company winding up, a notice for appointment of liquidator must be filed with the registrar.Within 30 days of the general meeting for the winding up the certified copies of the ordinary or special resolution passed in the general meeting for the winding up of the Company.The affairs of the company need to be wind up and prepare the liquidator's account of the Winding-up account and get it audited.Call for the final General meeting of the Company.A special resolution should be passed for the disposal of the books and therefore the papers of the corporate when the affairs of the corporate are completely aroused and it is about to be dissolved.Within two weeks of the general meeting of the Company, file a copy of the accounts and file and the application to the tribunal for passing an order for the dissolution of the company.The tribunal shall pass an order dissolving the company within 60 days of receiving the application.The company liquidator is required to file a replica of the order with the registrar.The registrar will then on receiving the copy of the order passed by the Tribunal then publish a notice in the official gazette that the Company is dissolved.Compulsory winding up of a Private Limited CompanyTribunal is responsible for this kind of wind up of Companies.Here are the reasons for the same:Unpaid debts of a CompanyWhen a special resolution is passed for winding upAn unlawful act by a company or the management of the CompanyIf the company is involved in fraudulent acts or misconductIf the annual returns or financial statements are not filed for five consecutive years with the ROCThe Tribunal is of the view that the company should windup.Procedure for compulsory winding up of a CompanyIs to File a petition to the tribunal alongside the statement of the affairs of the corporate that's to finish up.The tribunal will either accept or reject the petition if the person other than the company files a petition then the tribunal may ask the company to file an objection.it goes alongside the statement of affairs within 30 days.A liquidator needs to be appointed by the tribunal for the winding-up process.
FSSAI License RenewalApply for FSSAI Food License Renewal Online.FSSAI controls and regulates Food-related businesses as per the guidelines and regulations under the FSSAI Act 2006.Any entrepreneur or food business operator, who desires to form a business in the food sector, whether a food processing or food manufacturing or food packaging or food products distribution, has to file for an FSSAI license with its renewal every 1 to 5 years.With expert guidance and assistance obtaining an FSSAI license in the quick and feasible way that too just in 4 easy steps-Choosing food license types depending on your food businessVerification of your FSSAI registration along with documentsFiling and registering the online FSSAI applicationThe accomplishment of FSSAI food licenseTypes of FSSAI License Renewal :As when you make there are three different types of FSSAI license.Login ID and password are a must while renewing the FSSAI License.Basic FSSAI License Renewal :Basic FSSAI License Renewal or many people call it “FSSAI License Renewal Form A” is applicable for all the food business operators that fall under basic registration criteria( below 12 lakhs turnover).The food registration renewal fees vary between Rs 100 to Rs 500 depending on the number of years that you choose.State FSSAI License Renewal :State FSSAI License Renewal or many people call it “FSSAI License Renewal Form B” is applicable for all the food business operators that fall under State license criteria( between 12 lakhs - 20 crore turnover).Here are the documents required with respect to the various eligibility criteria of the FSSAI CertificateBasic FSSAI License RenewalPassport Size Photograph of ApplicantIdentification Proof (voter ID or Aadhar Card )PAN CardAddress Proof – (Telephone or Mobile Bill/ Electricity or Gas Bill )Copy of Property papers (If owned)Copy of Rent Agreement and NOC of the landlord (if rented property)State FSSAI License RenewalComplete address and get in touch with details of the List of Proprietor / Partners / Directors/ Executive Members of SocietyLatest Passport sized Photograph of the ApplicantIdentification proof (Voter ID card or Aadhaar Card)PAN CardPartnership Deed/ MOA /AOA of the firm or Copy of Certificate obtained under Co-Operative Act, 1861 in case of Co-OperativesCopy of Rent Agreement and NOC of the landlord (if rented property)NOC from the manufacturer (in case of Distributor) / NOC from Municipality or local bodyAn E-Code document issued by DGFT (Directorate General of Foreign Trade)Form IX Nomination of Persons by a corporation alongside the Board ResolutionFSSAI License Renewal of Manufacturing and Processing UnitsBlueprint plan / Layout plan of the processing unit showing the size in meters/square meters and operation-wise area allocation.Name and List of Equipment and Machinery along with their number, installed capacity, and horsepower used.List of food categories desired to be manufactured.Letter of Authority from the responsible person nominated by the manufacturer with name and address, alongside alternative responsible person indicating the powers vested with them via assisting the officers in inspections, a collection of samples, packing & dispatch.Report on Analysis (Chemical & Bacteriological) of water to be used as an ingredient in food from a recognized/ public health laboratory.FSSAI License Renewal ProcedureThe process to renew FSSAI license isn't difficult in the least and maybe wiped out either of two ways:Online FSSAI RenewalOffline FSSAI RenewalOffline FSSAI renewalThe process to renew your food license can be done offline by the following steps:FSSAI License can be renewed by filing up the FORM A or FORM B based on the eligibility of the food business for a particular type of licenseAttach a self-attested declaration required to comply with the regulations of the Foood Safety and Standards ActAuthority receives your application, reviews and examines it and in accordance with the same, arranges for an inspection of the FBO’s operating premises.Once, the inspection officer is satisfied with the compliance with the regulations of the FBO, they're going to pass the appliance and therefore the report of the inspectionIt will take approximately 60 days for the authorities to issue a renewal of the food license.
You can obtain your FSSAI license even before you get your Food order!
The main aim of the Food Safety and Standards Authority of India or FSSAI Registration Online is to scale back the probabilities of food adulteration, substandard or inferior food products, and improve the accountability of makers by granting them a license for foodservice business.
Any food industry or small-scale industry that has the slaughtering capacity of accommodating two large animals or ten small animals or fifty poultry birds per day.
An individual who distributes food in any religious or social affair except a caterer.
The documents required for FSSAI registration are:
1.Photo of Food Business Operator.
Hence, the business's smooth-running must get the FSSAI License as there are some penalties and legal charges to face as the laws become stringent lately.
Banks consider this type of firm more favorable for approving credits and loans and also having multiple partners in the firm pay the way to get a more feasible contribution.
Therefore, it can be formed anytime when the partners are ready to contribute and just with very minimum documentation whereas in the case of other types of firms it requires about 10-15 days to cover up all the formalities such as obtaining DSC, DIN, DPIN name approval, and so on.
A partner of the firm can perform transactions or money-related activities on behalf of the partnership firm without any consent of other designated partners.
All the partners of the partnership firm are assigned with their own works and responsibilities considering their capability, as drafted in the partnership deed.
Documents Required for Partnership Firm Registration
Partners need to submit the documents when they are registering the partnership firm, such as partnership deed, PAN Card of Firm, Address Proof of Partners, Office Address Proof, GST Registration, Current checking account alongside an affidavit certifying all the small print mentioned in documents and deed correctly.
It is created and signed by all the members on the Judicial Stamp Paper that costs around Rs.
Producer Company Registration
The aim of Producer Company to empower all the marginal and small-scale farmers in such a way to unlock their economies crisis and to educate them to use all the latest and new technologies to lead their life in a better and improved way.
Most of the farmers or producers in India are marginal or small-scale farmers owning less than 2 hectares of farmland.
Due to poor facilities and low production, the life of farmers is miserable.
Hence, consideration their miserable condition in mind, the Government of India aligned an expert committee, lead by Y.K.
Later in 2002, the expert committee brought a new concept named Producer Company Registration Online in India economy.
A company formed officially with the primary aim to improve the standard of farmers and agriculturists and it is named as a ‘Producer Company’.
Private Limited Company Registration
A Private Limited Company Registration Online is a small business that is maintained privately, it is one of the highly recommended businesses in India especially for startups.
In case a private limited company undergoes any financial risk, the personal assets of members or shareholders are not subject to sell, i.e.
The suggested director must be 18 or crossed 18 years of age.
The proposed director of a private limited company in India can also be a foreign national
No minimum paid-up capital investment is required for the registration of the private limited company.
Ltd." after their company name
A private limited company is a never-ending business as it can hold its existence even after the death or bankruptcy or failure of its Members.
This type of company does not have any relationship with the public is not allowed to ask for any validatory from the public or from any of the public sectors.
NBFC ComplianceNBFC or Non-Banking Financial Companies or NBFCs are companies that are involved in the business of receiving deposits, advances, and loans, and acquisition of stock, shares and bonds, debentures, and securities that granted by the govt and are registered under the businesses Act 2013.To make the process easy, get guidance from our expert team!What is NBFC?Non – Banking Financial Companies are the financial institutions that provide banking services, but don't hold any banking license.A Non-Banking Institution has the principal business of receiving deposits under any scheme or arrangement or in the other manner.The company fulfilling both these criteria than that company is eligible for registering as NBFC by RBI.Reserve Bank of India Act, doesn't define the term ‘principal business’, however, RBI has defined that only companies which are mainly engaged in financial activity get registered with RBI and are regulated and supervised by it.Hence, therefore if the companies engaged in agricultural operations, purchase and sale of goods, sale or construction of the immovable property, industrial activity, as their principal business and are doing some financial business during a small way, these don't fall into the category which may be regulated by the Reserve Bank.Different Categories of NBFCs Registered with RBICategories of NBFCs are often differentiated in terms of sorts of liability, like Deposit and Non – Deposit accepting.Types of NBFCs or Non-Banking Financial CompaniesThe types of NBFC or Non-Banking Financial Companies on the basis of Liabilities andActivities are mentioned below:NBFCs based on LiabilitiesDeposit Accepting NBFCs;Systematically Important (NBFC-ND-SI);Non-Deposit Accepting NBFCs;Other Non-Deposit Holding Companies;NBFCs based on ActivitiesInvestment and Credit Company (ICC);Infrastructure Finance Company (IFC);Systemically Important Core Investment Company (CIC);Mortgage Guarantee Companies;NBFC- Non-Operative Financial Holding Company (NOFHC);NBFC- Microfinance Companies (MFIs);NBFC-Factors;Infrastructure Debt Fund Non-Banking Financial Company (IDF-NBFC)Checklist for NBFC- D(Deposit-taking)In contrast to Non-deposit NBFCs, NBFC-D (Deposit Taking ) institutions need to file a couple of returns on the idea of deposits held by the corporate.NBS 1- Quarterly returns on Deposits in First ScheduleNBFC-D type institutions need to submit quarterly returns on Prudential Norms.
Section 8 Company ComplianceAccording to the Companies Act, 2013, it is mandatory for all Section 8 Company Companies to file the Section 8 Company Compliance with the MCA or Ministry of Corporate Affairs.The main aim to start Section 8 Company is to encourage, promote, and nourish the activities related to science, art, sports, charitable activities, commerce, and so on.Section 8 Companies fall under the Non-Governmental Organization category.These companies enjoy being treated as ‘Limited Company’, via, word ‘Limited’ but it is not added at the end of the name of the company.In short, Section 8 companies work with the objective to promote the needy sectors and communities in India.These Companies are not applicable to provide income or dividends to their partners or members.What are Section 8 Companies?An Annual Compliance for Section 8 Company is formed with the objective of promoting commerce, arts, science, sports, education, research, social welfare, and protection of the environment in a country.
Nidhi Company is the perfect type of company for those who want to start a business with minimum capital investment.As per the provisions of Section 406(1) of the Companies Act, 2013, the Nidhi Company as 'A company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members just for their mutual benefit.”What is ROC Compliance?ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deals with the administration of the businesses Act, 2013.ROC has been appointed under section 609 of the businesses act covering the varied States and Union Territories are vested with the first duty of registering companies and LLPs floating within the respective states and therefore the Union Territories and ensuring that such companies and LLPs suit statutory requirements under the act.The office of ROC functions as registry records, associated with the businesses registered with them, which are available for inspection by members of the general public on payment of the prescribed fee.It is important to comply with all compliances applicable to your company to avoid penalties and fines.Our kanakkupillai team will guide you through all these compliances required to be completed since the incorporation.You can get your ROC Compliance for Private Limited Companies done through kanakkupillai.Advantages of Nidhi Company RegistrationEasy to Form the CompanyWith 7 persons during which 3 of them are going to be appointed as Director can start a Nidhi CompanyEasy registration processJust 10-15 days needed to registerCost-Efficient RegistrationWith Rs 5,00,000 because of the minimum capital investment, Nidhi Company Registration Process is often started.
Annual Filing for LLPAn indebtedness Partnership or LLP enjoys a separate status within the business market.If the LLP fails to file the Annual Compliance requirements leads to an additional or penalty fee of ₹ 100 every day for the delay till the actual date of registering.LLP annual filing submits the record of the monetary worth of the corporate and capacity to an interested individual or party.Higher CredibilityFormal compliance may be a basic requirement for any entity or business.The status of Limited Liability Partnership annual filing is exhibited at the Master Data of the LLP on the MCA portal and the same can be obtained by any individual.Even if the LLP was not working, the Registrar may demand to file the annual compliance, along with the LLP filing fee, if needed.Maintain active status and avoid penaltiesIn case of back-to-back default in the annual filing, the Limited Liability Partnership can be announced as defunct or obtain default status.Filing the annual returns also saves the LLP from heavy penalties and extra fees.Procedure for LLP Tax FilingLLPs must file an income tax return using Form ITR 5.
Annual Compliance of Pvt Ltd CompanyA Private Limited Company is a small business that is maintained privately, it is one of the highly recommended businesses in India especially for startups.Ltd. Company, ROC filing, ITR filing and its active status through the regular filing with MCA.The date of filing the company’s annual return is displayed on the Master Data on the MCA portal.Investors prefer the companies which have filed their regular compliance records.Maintain Active StatusBy filing the annual return regularly, the private company can avoid penalties and other legal issues.And, from July 2018, an additional penalty fee of ₹100 per day of delay will be levied and this will continue till the date of filing.Documents Required for Annual Filing of CompanyIncorporation Document Certificate of Incorporation, PAN Card, and MoA and AoA of Private Limited CompanyAudited Financial Statements Financial Statements should be audited by the independent auditorBoard Report and Audit Report Independent auditor’s report and Board report is also requiredDSC or Digital Signature Certificate of Director Valid and active Digital Signature Certificate or DSC of 1 of the administrators must be submittedMandatory Annual Compliances of a Private Limited CompanyHere are a number of the mandatory agreements that a personal Ltd. must insure:First Meeting of BoardAlong with all directors of the company, the first Meeting of the Board is required to be held within 1 month or 30 days of Incorporation.Declaration of Board meeting must be informed formally or sent to each director of the company at least seven days before the meeting.Subsequent Board MeetingsMinimum of 4 subsequent Board Meetings to be done every year within 120 days gap within two meetings.
Legal Advisory ServicesLegal Advisory services are gaining popularity within the Indian legal market.It lightens the workload of the firms and potentially cuts costs as well.Our legal advisory services help our clients to stay competitive and compliant within the current market situation.Outsourcing of legal services is done with the motive to avail the benefit of significantly lower costs.Five Key Benefits Of Outsourcing Legal Advisory Services:Access To Emerging TechnologyOutsourcing of legal services gives in-house lawyers access to the latest technology, research tools, and high-end storage services.It can cause huge cost-saving, since hiring qualified personnel and investing money and time in training them can end up being quite costly.But when you choose to outsource these services you need not spend a single penny on the employee’s training.Access To Trained ProfessionalsObtaining the guidance and help of external professionals decreases the overall time that you may need to complete a legal process.
GST Advisory ServicesWe provide a number of GST advisory services online in India like covering the impact of GST on the business of clients, examining different market scenarios of business models, legislative business level implementation assistance, transition management, and undertaking key compliance.Benefits of GST RegistrationGST removes the cascading effect of taxHigher threshold for registrationComposition scheme for small businessesThe number of compliance is lessDefined treatment for E-commerce operatorsImproved efficiencyUnorganized sectors are regulated under GSTEligibility for GST RegistrationSection 22 to Section 30 of the CGST Act, 2017 deals with the process of registration by every supplier of goods and services.Note on registration under GST with effect from 1st April 2019.Every person who is engaged in the supply of services and whose aggregate turnover exceeds Rs.40 lakhs just in case of the States of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura, Uttarakhand and whose aggregate turnover exceeds Rs.40 lakhs (for the remainder of the States), shall be liable to be registered under this act in the state or union territory, from where he makes of taxable supply of goods or services or both;Companies engaged in the export of services are also required to complete the GST migration process and obtain a GST Registration number to be entitled to tax exemption on the export of services outside India.In the case of inter-state sales, GST Registration is mandatory regardless of turnover.GST RatesRates under GST will depend on the sort of products and services.GST AdvisoryThe government of India introduced the concept of Goods and Services Tax (GST) w.e.f 1st July 2017.The tax is imposed on a PAN India basis as a single unified tax covering all types of business activities.GST is implemented on ‘value-added’ to goods and services at each stage within the economic supply chain.
MSME RegistrationAs alittle entity, you'll have access to priority tax exemptions, sector lending, and capital investment, and power tariff grants by registering under Udyog aadhar MSME SSI registration online.What is MSME?As per MSMED or Micro, Small, and Medium Enterprises Development Act of 2006, MSME or Micro, Small, and Medium Enterprises are classified into two differing types and are as follows:Manufacturing Enterprises are involved in the manufacturing or production of goods in the industry.Service Enterprises are engaged in supplying or providing services.The investment amount and annual turnover are made similar for industries or enterprises involved in both the service and manufacturing sectors.1999 (all-inclusive) per certificate and can be paid by their secured gateways.MSME Registration ProcessMSME registration is to be done in the government portal of udyamregistration.gov.in.The registration of MSMEs are often done under the subsequent two categories within the portalFor New Entrepreneurs who aren't Registered yet as MSME andFor those having registration as EM-II or UAM and For those having registration as EM-II or UAM through Assisted filingFor New Entrepreneurs who are not Registered yet as MSMENew entrepreneurs got to click the button “For New Entrepreneurs who aren't Registered yet as MSME” shown on the house page for registering MSME.New registration of MSME is done by entering the Aadhaar card number in the following two ways-Registration With PAN Card orRegistration Without PAN Card Registration With PAN Card:When clicked on the “For New Entrepreneurs who aren't Registered yet as MSME” button on the homepage of the govt portal, it opens the page for registration and asks to enter the Aadhaar number and therefore the name of the entrepreneur.