Saturday, 8 December 2018

How to Write Meeting Minutes Under Section 118 of companies Act 2013

How to Write Meeting Minutes Under Section 118 of companies Act 2013: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.





Minutes Under Section 118 of companies Act 2013

Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence the proceedings recorded therein. Minutes help in understanding the deliberations and decisions taken at the Meeting.
Minutes- Section- 118 of Companies Act 2013
Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence the proceedings recorded therein. Minutes help in understanding the deliberations and decisions taken at the Meeting.

Common mandatory compliances for Private Limited Company

Common mandatory compliances for Private Limited Company: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



List of Annual Compliance for Private Limited Company

1. Appointment of Auditor ( within 15 days of Incorporation)
2. Annual ROC filing – Last Date ( 30th September 2018 )
a) Annual returns
b) Financial statements – Last Date (30th December 2018)
3.  Annual general meeting (AGM)
4. Board Meetings
5. Reports of directors
6. Income tax – Last Date ( 30th September 2018)
7. Maintenance of records
8. Other compliances

All About GSTR 9 -ANNUAL RETURN FILING

All About GSTR 9 -ANNUAL RETURN FILING: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



What is the due date of GSTR-9?

GSTR-9 due date is on or before 31st December of the subsequent financial year. Thus for the financial year 2017-18, filing GSTR-9 will happen on or before the 31st of December, 2018.

Wednesday, 5 December 2018

Easy Steps to Check Company Registration Status on MCA

Easy Steps to Check Company Registration Status on MCA: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



Ministry of Corporate Affairs (MCA) is a government portal containing details of all the companies incorporated in India.
Stakeholders are requested to ensure that the proposed name selected does not contain any word as prohibited in Section 4(2) & (3) of the Companies Act, 2013 read with Rule 8 of the Companies (Incorporation) Rules, 2014.
Stakeholders are also requested to read and understand Rule 8 of the Companies (Incorporation) Rules, 2014 in respect of any proposed name before applying for the same.

Step 1: Go to the MCA website. www.mca.gov.in [Check Private Limited Company Name – Private Limited Company search]

How to apply Loan under Startup India

How to apply Loan under Startup India: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



Stand Up India Scheme

Stand-Up India Scheme Facilitates bank loans between Rs 10 Lakhs and 1 Crore, to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. The loans are granted to at least one woman borrower per bank branch. The scheme aims at promoting woman entrepreneurship among the scheduled castes and scheduled tribes.
Stand Up India is a special government scheme which aims to financially empower SC/ST and women entrepreneurs of the country. It also aims to get rid of License Raj and set up Greenfield enterprises. An amount ranging from Rs 10 Lakhs to Rs 1 Crore can be borrowed to start a manufacturing, trading or service unit. The loan tenure is 7 years. These loans are to be granted to at least one SC or ST and at least one woman borrower per bank branch.

Features Of the Scheme, The following features make the scheme a stand-out factor:

New-entrants are granted a tax-holiday for three years.
The government has provided a fund of Rs.2500 crore for startups, as well as a credit guarantee fund of Rs.500 crore rupees.

Eligibility For Startup Registration

  • The company to be formed must be a private limited company or a limited liability partnership.
  • It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores.
  • The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).
  • To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
  • The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
  • It must have a recommendation letter by an incubation.
  • Capital gain is exempted from income tax under the startup India campaign.
  • The firm must provide innovative schemes or products.
  • Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network must be registered with SEBI ( Securities and Exchange Board of India).

Register Your Company

As have been observed, registration on startup portal can be done only through for the following firms:
  • Partnership Firm
  • Limited Liability Partnership Firm
  • Private Limited Company
Partnership Firm: Partnership firm is registered under the Partnership Firm Act. To start a partnership firm, the concerned parties have to draft a partnership deed where the terms and conditions of the partnership firm will be mentioned. This partnership deed must be registered with the registrar of firms. We can help you with the formation of a partnership firm. For more details, click here.
Limited Liability Partnership Firm: A Limited liability partnership firm is registered under the LLP Act. Both partnership firm and LLP are very similar, but LLP has more in common with a private limited company like limited liability protection, transferability, etc. For more details on LLP registration, click here.
Private Limited Company: The private limited company is the most popular type of legal entity in India. Know more about company registration here.

How to apply Loan under Startup India

How to apply Loan under Startup India: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



Stand Up India Scheme

Stand-Up India Scheme Facilitates bank loans between Rs 10 Lakhs and 1 Crore, to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. The loans are granted to at least one woman borrower per bank branch. The scheme aims at promoting woman entrepreneurship among the scheduled castes and scheduled tribes.
Stand Up India is a special government scheme which aims to financially empower SC/ST and women entrepreneurs of the country. It also aims to get rid of License Raj and set up Greenfield enterprises. An amount ranging from Rs 10 Lakhs to Rs 1 Crore can be borrowed to start a manufacturing, trading or service unit. The loan tenure is 7 years. These loans are to be granted to at least one SC or ST and at least one woman borrower per bank branch.

Features Of the Scheme, The following features make the scheme a stand-out factor:

New-entrants are granted a tax-holiday for three years.
The government has provided a fund of Rs.2500 crore for startups, as well as a credit guarantee fund of Rs.500 crore rupees.

Eligibility For Startup Registration

  • The company to be formed must be a private limited company or a limited liability partnership.
  • It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores.
  • The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).
  • To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
  • The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
  • It must have a recommendation letter by an incubation.
  • Capital gain is exempted from income tax under the startup India campaign.
  • The firm must provide innovative schemes or products.
  • Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network must be registered with SEBI ( Securities and Exchange Board of India).

Register Your Company

As have been observed, registration on startup portal can be done only through for the following firms:
  • Partnership Firm
  • Limited Liability Partnership Firm
  • Private Limited Company
Partnership Firm: Partnership firm is registered under the Partnership Firm Act. To start a partnership firm, the concerned parties have to draft a partnership deed where the terms and conditions of the partnership firm will be mentioned. This partnership deed must be registered with the registrar of firms. We can help you with the formation of a partnership firm. For more details, click here.
Limited Liability Partnership Firm: A Limited liability partnership firm is registered under the LLP Act. Both partnership firm and LLP are very similar, but LLP has more in common with a private limited company like limited liability protection, transferability, etc. For more details on LLP registration, click here.
Private Limited Company: The private limited company is the most popular type of legal entity in India. Know more about company registration here.

Homologation Certification Service from ICAT & ARAI

Homologation Certification Service from ICAT & ARAI: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



SPLAN provides you a full range of support and service for establishing automobile industries including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor. SPLAN also offers comprehensive certification and homologation services for the entire range of automotive vehicles as well as systems and components. SPLAN is an expert agency for testing and certifying following types of vehicles and engines used for both automotive and non-automotive applications. SPLAN already did a lot of certification & licenses for various automobile industris including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor.