Entries tagged as ‘Company Law’
The Ministry of Corporate Affairs (Ministry) has revised e-form 23AC effective from 28th September 2008 wherein filling in SRN of 23B was made compulsory. In many a cases, it was reported by our members that SRN of form 23B was not available which ultimately resisted to file e-form 23AC required to be filed pursuant to section 220 of the Companies Act, 1956 by the Companies.
The matter was represented by the Institute of Company Secretaries of India before the Ministry. We are pleased to inform you that the Ministry has revised the Instruction Kit in respect of Point No. 10(e) of e-form 23AC which states that:
“Enter the SRN of Form 23B filed in relation to the appointment of the auditor who has audited the attached balance sheet, if available. If the SRN of Form 23B is not available or in case information by auditor to ROC in Form 23B is not required to be filed, you may enter Z99999999”
Accordingly, in case you don’t get SRN of Form 23B, please enter Z99999999 and proceed filing of e-form 23AC.
Courtesy: icsi.edu
Categories: Uncategorized
Tagged: Company Law, Form 23AC, Form 23B
September 23, 2008 · 1 Comment
Foreign companies who are engaged in manufacturing and trading activities outside India are allowed, by Indian law, to set up branch offices in India for the following purposes:
- Export/Import of goods
- Rendering professional or consultancy services
- Carrying out research work, in which the parent company is engaged.
- Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
- Representing the parent company in India and acting as buying/selling agents in India.
- Rendering services in Information Technology and development of software in India.
- Rendering technical support to the products supplied by the parent/ group companies.
- Foreign airline/shipping Company.
The branch office is not allowed to carry out manufacturing activities on its own but is permitted to subcontract these to an Indian manufacturer.
Branch offices, which are established with the approval of RBI, may remit part of the profit of the branch outside India, after deducting applicable Indian taxes and subject to RBI guidelines. Permission for setting up branch offices is granted by the Reserve Bank of India (RBI).
For obtaining approval from RBI and to register with the Registrar of Companies, the following documents are required for opening a branch in India:
- A copy of Board Resolution for opening Branches in India. (Notary and consulate by Indian embassy)
- A copy of Certificate of incorporation of your company abroad
- A copy of Memorandum of the company.
- List of Directors/Key Persons of the company
- List of Branches in other countries if any
- Brief profile of the business activity
- Proposed address of the branch in India.
All the documents are required in duplicate.
New guideline issued by the RBI
Categories: Investment in India
Tagged: application, Company Law, foreign company, procedure, RBI, remittance
No.
No registration is required for a sole proprietorship. You simply have to open a bank account with the name & style you want to work. But if you are liable for state VAT or service tax registration, then you have to obtain VAT and/or service tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.
Categories: Uncategorized
Tagged: Company Law, Income Tax, PAN, proprietorship, registration
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Apply for DIN (Director Identification Number) if the directors of
the proposed company do not have this number earlier. Every director has
one unique DIN for all companies.
Documents Required for approval of DIN:
- Identity proof
- Address proof
- One passport size photo of each of the proposed
directors.
Apply for the DIN here
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Apply for Digital Signature (Class 2), if none of the proposed director
already have it.
Documents Required: Identity and address proof of the proposed
director.
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Apply for the availability of the name in Form 1A (Suggest 3-4 names for the new company)
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Draft a memorandum and article of association for the new company
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Get stamping for State Duty
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File the documents for Company Registration (Form 1, Form 18, Form 32, Power of attorney)
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Get the Registration Certificate
We can help you in all these steps. For more details visit here – http://www.mukeshraj.com/how-to-open-company-in-india.html
Categories: Company Law
Tagged: application, Company Law, incorporation, startup
