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Online Company Registration Digital Signature Certificate(DSC) and Director Identification Number(DIN) for two Directors Reservation of Company Name Memorandum Of Association (MOA) & Article Of Association (AOA) Obtaining Corporate Identification Number (CIN) Permanent Account Number (PAN)& Tax Deduction Account Number (TAN). Format of opening Bank Accoun
TDS Return Filing, TDS return filing services, TDS Returns Delhi, India. What are the steps of filing a TDS return?
TDS refers to Tax Deducted at Source which is introduced by the government in which a person responsible for the payment of salary, dividend, fund or contract payment is required to deposit tax in advance to Government as per income tax slab rate. There are two persons involved in this process, one is deductor who deducts the tax and the other is deductor whose tax is deducted.
Indian audit and accounts service, Company Audit. Why is it necessary to conduct audit by the companies?
All the companies are required to get their books of accounts audited. On the basis of the audited financial statements of a company decisions are taken by the company’s investor / lenders or creditors. CA/ CPA qualification are required to take the review of the financial statements. The probability of any fraud or financial misapplication in business gets reduced where the audit is performed in an efficient manner. What are the purpose &aims of Auditing Financial Statements? Tax Auditing, Tax Audit Applicability. What does TAX Audit mean?
Audit simply means investigation, analysis and confirmation, so that the tax audit is carried out when the tax filing is under scrutiny. In order to determine whether the income assessed and deductions claimed by you are correct or not, tax audit is carried out. Generally tax return forms a part of tax audit when something is abnormal entered by you. What is the applicability of a TAX Audit? A business needs to conduct tax audit where its turnover exceeds INR 1 Crore in a financial year and where a person is carrying on a profession whose turnover exceeds INR 50 lakhs in a financial year, tax audit needs to be conducted.
Income Tax Notice, Income tax consultant in Delhi, Income tax notice reply. Income Tax Notice When a tax payer files a income tax return to the department, then after submitting the return, the department shall process the return and, at that time, the department may issue various types of notice to the tax payer, which may sometimes be in the form of an intimation or it may be in the form of a scrutiny.
A taxpayer might get nervous if he receives an Income tax notice, but there’s nothing to worry about as there is always a reason for the notices. Understanding the notices issued by IT department 1. Notice u/s 143(1): Intimation of the return. EPF Return filing, How to file pf return. What does Employees Provident Fund (EPF) mean?
It is considered as a Retirement Benefit Programme provided to all the salaried employees and is regulated by the Employees Provident Fund Organization of India (EPFO) and ever company is required to get registration under Employees Provident Fund Organization (EPFO) where the company has 20 or more employees. During the operating year, both the employee and the employer shall add 12% of the basic salary of the employee to the EPF fund. Employee's whole 12 % goes to the EPF fund and Employer's 3.67% is allocated to the employee's Employee Provident Fund plan and the rest 8.33% from the employer side is diverted to the Employees Pension Fund (EPF).
ESI Return Filing, Know: How to File ESI Returns. ESI Return Employees' State Insurance (ESI) is an Indian Employees' Social Security and Health Insurance scheme that is an independent corporation governed by Ministry of Labour and Employment.
This ESI Fund is managed and regulated by Employee State Insurance Corporation (ESIC). Caindelhiindia. Conversion Proprietorship To Private Limited Company, Online Process. People commence their businesses as a sole proprietor because of fewer regulations, but as the business grows, a sole proprietor requires a separate bank account to handle all of its business transactions; the immediate possible solution is to turn the business into a private company.
The incorporation of a private company shall be carried out in accordance with the procedure given and shall include: Apply for Digital Signature Certificate and Director Identification Number of applicant Filing of the name approval form with Registrar of Companies(ROC) Filing of the incorporation form with ROC Applying for separate PAN of the company What are the requirements for Conversion? Provisions or conditions that are required to be fulfilled during conversion of proprietorship into private limited are as follows: Convert Partnership Firm into LLP, Know: How to Convert. After the implementation of the LLP Act, 2008, no partnership firm incorporated under the Partnership Act, 1932 has been transformed into a Limited Liability Partnership due to additional benefits such as minimal compliances, tax advantages, limited liability, separate legal entity, etc.
It is impossible to convert unregistered partnerships into LLP. What are the requirements for conversion? All the partners of the partnership firm will become the designated partners of new LLP and therefore those who do not wish to remain the LLP partner should retire. Designated partners that want to become LLP partners should be included after LLP has been incorporated. Private Limited to Public Limited Company,Process. While a private entity is a corporate entity and enjoys the advantages of a registered corporation, the transformation of a private entity into a public entity has its motives, meaning and ultimately varies.
What are the advantages of converting private company into public company: The only corporate form that enjoys the inflow of public investment by issuing securities to the general public. Caindelhiindia. Removal of Directors Disqualification, Procedure. Disqualification where, a director: for consecutive 3 financial years has failed to file financial statements or annual returns of the company; or has failed to pay deposits or interest thereon, this failure has existed for one year or more in relation to payment or redemption;; or Such disqualified director shall not be eligible for reappointment as a director of such company or any other company from the date of disqualification for a period of 5 years in a row.
What does Director Disqualification mean? The entire industry was shocked by the Registrar of Companies ' mass disqualification of directors and deactivation of their DINs. The authority had done this to keep enforcement in line and not to obstruct a way. Winding Up of a Company, Winding up of a company in India, Online Process. The purpose of winding up a corporation is to put an end to the company’s life and to realize the assets and pay company’s debts in accordance with the law promptly and reasonably.
The objective must not, however, be manipulated for the profit or gain of any class or individual entitled to submit a petition for company’s winding up. It can be noticed that, except when it is dissolved, the corporation does not cease to exist as such. Increase Authorized Capital, Change in share capital, Online Process. For incorporating the company, it must be registered with an amount i.e. initial capital which is known as Authorized share capital with Registrar of Companies (ROC) and is also the maximum capital amount which can be raised through the issue of shares to its shareholders by the company. The capital of the company must be within the Authorized Capital not beyond that.
What is the need to Increase authorized share capital? In order to expand the business and its activities and to be able to meet its business expenditures, company may require more funds which is only possible by increasing the authorized share capital. Articles of Association (AOA) of the company prescribes the provision which is to be followed for increasing the authorized capital and if it is not mentioned there, then such Articles of Association (AOA) needs to be altered. Company Share Transfer, Share transfer in private company, India. The real owners of the company are the shareholders who have the authority to appoint its Directors who shall manage the activities and affairs of the company. Shares can be easily transferable to the other person / entity as they are the movable property of the company.
Transferring of shares results in transferring of ownership by a shareholder to the person who has purchased such shares. Shares of a private company cannot be transferred as it against the Articles of Association of the company to protect the rights of the small group of investors on the other hand public companies are free to transfer its shares. Change in registered office of company - Companies Act. It is an address of a company which is used to inform the company’s address to the general public, shareholders and customers where the principal activities of the company are carried out and it is also known as principal place of business and such registered office is decided by the promoters of that company Such registered office is not required to be a commercial establishment; it can be a living home as well. Package inclusions: Registrar of Companies fees for shifting of registered office with a state. Complete follow-ups with Registrar of Companies.
Change in directorship of a company, Change of directors in pvt ltd company. Every company is required to maintain a minimum number of Directors/Designated partners, which are 2 in the case of a Private Company, 3 in the case of a Public Company, 1 in the case of a One Person Company, and 2 in the case of a Limited Liability Partnership. A company can have a maximum number of 15 Directors, which can be increased only by passing a special resolution. Many times, there are reasons to add or remove directors from a company. First step, in adding or removing a director, is to obtain the Director's Digital Signature Certificates (DSC) and then Director's Identification Number (DIN) is allotted to them which is compulsory to be a director in India. Caindelhiindia. FSSAI Annual Return Online, How to file fssai annual return.
Section 8 Annual Compliance, Annual Compliances for Section 8 Company. Nidhi Company Annual Compliance,Delhi,India. Revival of Struck Off Companies Delhi,India. XBRL Filings Service, xbrl filings india. Annual Compliance of Private Limited Company, Process, Fees, Checklist.