saurav's....a new dimension

Starting a Company

2012-06-21T22:45:00.003-07:00

Steps involved in setting up a private Limited Company in India!
Setting up a new business is exciting as well as challenging. One needs to analyse the pros and cons and weigh each an every situation very
carefully. For a first time entrepreneur, it is extremely important to be in sync with the latest rules and regulations associated with setting up a new
company in India. The best person to turn to for advice is a Chartered accountant or a Company Secretary as he has appropriate knowledge of the
latest rules and regulations required for the venture.
The following steps and procedures need to be kept in mind while setting up a private Limited Company in India:
1. Company Registration:
Memorandum and Articles of Association: Prior to approaching the Registrar of Companies (ROC), it is advisable to complete the process of preparing
the draft Memorandum and Articles of Association, bring in the share application money and appoint the directors. First director is usually a
shareholder of the company and a minimum of two directors is required for a Private Limited Company.
Ascertaining name availability: One needs to check the proposed name of business for availability. This can be done at the Ministry of Company
Affairs (MCA) website. Once the name has been decided, e form 1A needs to be submitted along with tree name options to the ROC along with a fee
of INR 500.
Registration: Once the name approval is obtained from the ROC, Form 23 needs to be submitted along with a copy of the Board resolution to adopt
the name of the company. Registration fee also needs to be paid at this stage.
Incorporation Certificate: Form 1B needs to be submitted to the ROC to obtain an Incorporation certificate.
Director Appointment: Form 32 needs to be submitted to the ROC to notify Director Appointment.
Address Proof: Form 18 needs to be submitted to the ROC to provide address proof of the business.
Incorporation Certificate will be provided in about a month once the above mentioned forms have been submitted. The Incorporation Certificate is to be
attached to the first page of the Memorandum and Articles Association document.
Allotment of Share Capital: Form 2 needs to be filled for allotment of shares to various shareholders and submitted to the ROC.
Increase of Share Capital: Submit form 5 in case of increase in the authorized or paid-up share capital.
2. Digital Signature: If you are planning to submit the forms online, digital signatures of the authorized signatories is required. They can be obtained
from the TCS and SIFY for a specific charge. The application forms for obtaining digital signatures should be available with TCS and SIFY.
3. Director Identification Number (DIN):
DIN Application Form: Once the Incorporation Certificate is obtained, the DIN application form needs to be filled and sent to the Noida MCA office from
where the DIN is allocated and notified by post to the Director’s address provided in the form.
On allotment of DIN, the Director needs to notify the DIN details to the company using the DIN 2 form.
The company needs to inform the ROC about the details of the Directors using the DIN 3 form.
4. Sales / Service Tax Registration: Once the Incorporation Certificate is obtained, the Company needs to apply for Taxpayer’s Identification Number
(TIN) and CST Number at the Commercial Tax office.
Service Tax: If the newly formed Company is providing Services like consultancy etc, I is necessary to get it registered for Service Tax. This needs to
be done with the Central Excise Commissionerate.
5. Income Tax Registration:
Company Permanent Account Number (PAN): On obtaining the Incorporation Certificate, PAN for Income ax needs to be obtained by submitting Company Tax Deduction Account Number (TAN): For Tax Deduction at source (TDS) by the Company, TAN needs to be obtained from the Income
Tax Department.
6. Import/Export Code (IE Code):
If the new business involves export and import dealings, you need to get an IE code.
7. Trademark Registration:
This can be done by applying to the Office of the Controller General of Patents, Designs and Trade Marks. The application has validity for 10years and
the fee is INR 2500. If the trademark is registered only then the symbol can be used next to the name.
8. Current account Opening:
This is opened in order to conduct the financial transactions of the business and can be done at any bank. For this, you need to fill a Bank Account
Opening Form and provide the Incorporation Certificate, Address proof of the company and PAN card and address details of the Authorized Account
operators.
9. Share Certificates:
They need to be issued when application money is converted to shares on submission of form 2 to MCA.
10. Shareholders Agreement:
This agreement highlights the details of the terms and conditions agreed upon, roles, responsibilities and remuneration which the shareholders
want to record.
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About the Author
Author Alok Vats is associated with many export import Statistics with InfoDriveIndia. They provides information on International Trade Data, and
DGFT India.

Procedure involved to Start a Company (Private Limited) in India

2012-06-21T22:43:00.002-07:00

This information will be useful for those who are looking in a nutshell the steps involved to start a Private Limited company in India
1. First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed.
2. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online
at www.mca.gov.in. FAQ on DIN http://www.mca.gov.in/MinistryWebsite/dca/faq/faq1.html
Documents required for DIN

A. Identity Proof (Any one of the following)
PAN Card
Driving License
Passport
Voter ID Card
Others (to be specified)
B. Residence Proof (Any one of the following)
Driving License
Passport
Voter ID Card
Telephone Bill
Ration Card
Electricity Bill
Bank Statement
Others (to be specified)

3. Once you have got your DIN then you need to apply for Company name. You need to go with 5-6 names in the order which you prefer.If the name is not available then they go to the next one in the order you have provided.
4. You need to apply online for the name availability . You need to Fill in Form 1A. Forms are avilable at this
location.http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1030-Form1A_help.zip
5. Once you have got your name approved you have to apply for the Incorporation of Company. For this you
will have to prepare Memorandum of Association which will detail what the company;s operations the first list of directors
who are going the be in the board need to be defined in this document. This should be applied along with Form 1
http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1022-Form1_help.zip. Ocne this has been approved make atleast 10-15 copies of your Certificate of Incorporation and Memorandum of Association and have it in a booklet form.
6. Once your company has been incorporated you can open a Current account in any of the leading banks
for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.
7. Thenyou need to apply for TAN and PAN for the Company
https://tin.tin.nsdl.com/pan/form49A.html
https://tin.tin.nsdl.com/tan/form49B.html
8. If your services are in Software related area you can apply for STPI license which will give you certain benefits
like Company need not pay tax for 5 years, there will be no import or expurty duty levied on software/hardware,
You will get office spaces at lower rates at STPI units. These are few of the benefits of becoming an STPI member.
All this you can do on your own or you can outsource these to professional auditor. We did it through Auditor and it took almost three weeks (Upto Step 7 excluding STPI) and all charges(excluding sTPI) would approximately cost you Rs.25,000.
I am not sure how much it would cost if you do it on your own. I read in one of the blogs that in Delhi the whole
process was completed in 30 minutes after the e-Governance was launched.
Good Luck and If you need more information or any guidance drop in a mail.

the full credit of this article goes to the writer. its just a copy paste material and i have no right over this material of any sort.....

initially read at : http://kumaran.wordpress.com/2006/09/06/procedure-involved-to-start-a-company-private-limited-in-india/

2011-12-14T23:49:00.000-08:00

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2011-11-12T21:43:00.001-08:00

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2011-11-11T00:42:00.001-08:00

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heart touching baritone....shut ur ears and open your heart....

2011-11-10T01:19:00.000-08:00

in every relationship comes a stage when things are not that good, the love which once was seems to be missing...it is at these times we need to shut our ears....and open our hearts.....this baritone vocal is an attempt to show what life becomes when there is so much pain....:-(

its about how!!!

2011-11-09T05:52:00.000-08:00

ferrari is the best.....

2011-11-08T21:17:00.000-08:00

if you do not get what this post is about.......

then maybe you should click here to read another good novel!!!

the white tiger....

2011-11-08T08:49:00.000-08:00

ever read the novel "The White Tiger".....

if not then maybe you would like to clicl here......shhh!!!!

i can make your wish come true......

2011-11-08T08:20:00.000-08:00

typography again....

2011-11-08T07:49:00.000-08:00

run and jump

2011-11-08T07:41:00.000-08:00

learning typography

2011-11-08T03:30:00.000-08:00

quoted....

2011-11-05T21:06:00.001-07:00

Equipped with his five senses, man explores the universe around him and calls the adventure Science.

~Edwin Powell Hubble, The Nature of Science, 1954

dats me......

2011-11-04T20:52:00.000-07:00

i m feeling low these days and have no one to talk about it.....

2011-11-04T09:08:00.001-07:00

at times when things are not that good,
at times when its not what it should,
you look like, what you are not,
you do what you never would have thought,
the smile is fake, the words are fake,
everything about you just looks so fake,
when the luck ceases to be a part of you,
when life beats the shit out of you,
when heart feels heavy, its all you say,
i have been through worse and this too will pass,
someday someone would definitely ask,
what is it that you were trying to hide,
what is it that was at your odds,
and till then you just weep at nights,
the sleepless nights turn to daylight,
you then try to start another fresh day,
but that heaviness always stays,
and then when you won't realize,
it becomes a part of your daily life,
life goes on, they always say,
but this is what, they never say
life is not always just in you hands,
life is not always the way it was.....

The Begining......

2011-05-15T21:08:00.000-07:00

"each of us is ordinary with the ability to live an extra ordinary life"

There are few people in our life who just change the way we think....the way we are. They bring out the best in us. there one such person in my life too who stirred a cascades of thoughts in my mind. I have created this blog for some reason and the reason is all because of her. I am not yet in a position to spell out her name on public sites yet there is something that I can do to make her feel how special she was, she is, and she always will be in my life....

At some point I discovered a poet sort of thing in me....though he was not that big not that grand and nor that poetic yet I did manage to write a few things.....

And here now I m posting something that I wrote for that very special person. I know she will definitely realize what she means to me...

"right now, when i sat to write something here,

my mind goes blank as if it had air.

i thought and thought of what to write...

but nothing was enough to kick it right.

it was when i thought to look at my past,

and write all that i always liked...

so i just begin with your tricky eyes,

for when i see, you try to hide

your hair is nice but not when tied...

open them and let touch the sky.

your lips are good, without that gloss...

which once you put, to later wipe out.

your face on the whole is a round round one...

as cool, as good and a simple one.

and then i trace a few tears on your face,

that once i saw in a total dismay...

those wet eyes don't look good on you...

for the spark is gone and then it's not that you.

there is more to write and more to tell,

but then, i don't thing its going too well...

for right just now...i got a text of yours...

which tells about 'hello' and 'graham bell'

now i want to think what love is....

so i guess..it's better to end this chit..."

and this is all i have to say in my very first blog......