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FAQs
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What is the procedure for online registration of a company in India?
To begin an entrepreneurial journey you must know about the basic legalities and process connected with a company.Company Registration or Incorporation is most important step for a business journey.There are few things you need to know before you move to registration process. There are different types of company registration in India.Private Limited Company – It is one of the most used domain of company registration due to following reasons.Partners have their own secure share holdings.Allow an ease in process in loan and funding.Allow customers to build a trust with company.2. One Person Company – In One Person Company, a single person gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director.So there will be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC has an average turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over in 3 consecutive years , it has to be converted to a private limited company or public limited company within six months.3. Limited Liability Partnership – Limited Liability Partnership Registration, governed by LLP Act 2008 combines the benefits of a partnership with that of a limited liability company. LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.Limited Liability partnership is having following features.LLP gives the separate legal entity in which partners have limited liabilityIt gives an ease of process to transfer the ownership with other person.LLP is suitable for small business which is having capital of around 25 Lacs and turnover of 40 Lacs.Get straight away for registering your company with India’s 1st Legal Hub for Business / Startups / Individual only at www.getmeofficial.com
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E-signing: Is typing your name on a form and clicking submit hold up as a legal signature?
In states which have passed it, the Uniform Electronic Transactions Act (UETA) would govern this. Section 7 of UETA, in particular, specifies: SECTION 7. LEGAL RECOGNITION OF ELECTRONIC RECORDS, ELECTRONIC SIGNATURES, AND ELECTRONIC CONTRACTS. (a) A record or signature may not be denied legal effect or enforceability solely because it is in electronic form. (b) A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation. (c) If a law requires a record to be in writing, an electronic record satisfies the law. (d) If a law requires a signature, an electronic signature satisfies the law.So, assuming that a signature is required for a contract to be valid, an "electronic signature" suffices. UETA defines "electronic signature" as follows:(8) "Electronic signature" means an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.In basic language, this means that when you type out your name and click on the "submit" button, you've electronically signed the record, and the official comments to UETA (not technically law, but extremely persuasive) back this up:This definition includes as an electronic signature the standard webpage click through process. For example, when a person orders goods or services through a vendor's website, the person will be required to provide information as part of a process which will result in receipt of the goods or services. When the customer ultimately gets to the last step and clicks "I agree," the person has adopted the process and has done so with the intent to associate the person with the record of that process. The actual effect of the electronic signature will be determined from all the surrounding circumstances, however, the person adopted a process which the circumstances indicate s/he intended to have the effect of getting the goods/services and being bound to pay for them. The adoption of the process carried the intent to do a legally signNow act, the hallmark of a signature.Although not every state has adopted UETA either in part or in whole without modifications, I believe every state now has similar or identical provisions in its body of law. Assuming that this type of waiver would otherwise be legally enforceable (and many jurisdictions don't allow a waiver of liability for injuries under certain circumstances) then it would not be rendered unenforceable simply because it was signed electronically.Of course, in order to ensure the enforceability of any contract, one should generally consult with an attorney who is familiar with contract law in your jurisdiction and who could recommend a set of best practices for the storage and preservation of any contract stored as an electronic record.
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What is the procedure to register a startup company in India and how much will it cost?
These are four major steps required to register a start up company in india :Acquiring Digital Signature Certificate(DSC)Acquiring Director Identification Number(DIN)Document required for a DIN :A. Identity Proof (Any one of the following) PAN CardDriving LicensePassportVoter ID CardOthers (to be specified)B. Residence Proof (Any one of the following)Driving LicensePassportVoter ID CardTelephone BillRation CardElectricity BillBank StatementOthers (to be specified)Filing an e-Form or New user registrationIncorporate the company 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.Then you need to apply for TAN and PAN for the Company 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.
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How do I avail students concession on train tickets?
To avail student concession on train ticket follow these stepsfirst go to admin of your college and universitytake concession form fill it and submit to respective authorityafter that college/university authority will issue concession form with signature of higher authority like dean,hod ,dswafter getting this signed concession form need to go to ticket counter of nearest railway station with ticket(if u have already taken) other wise fill ticket form and submit with concession form on ticket counter after verification they will ask reduced amount to younote :- you have to take ticket during the given period on concession form issued by your college like for summer vacation or winter vacationEnjoy Hope u will get some help thanks.
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How do I register a startup in India? How much money and time does it take? If am currently only 17, what issues will I face dur
Algorithm for starting a Private Limited Company: Engineer's View Personally I believe, If someone is starting a company with long term perspective or to bring some change through their unique Product/Services, one must go for Private limited firm. Prime reason for this is easy to raise funds from Angels/VC in case you go for investment. Step 1. Registration of Company 1. Name Selection: Check whether your desired company name is available or not at MCA website [ http://www.mca.gov.in/ ]. Name must be unique & must resemble with business you intend to do (highlighted one). EX: Arihant Labs Retail Services Pvt. Ltd 2. Registration of Name at ROC: Name approval usually takes maximum of 14 days. This is done online through MCA website. Moreover, you need to apply with at least 4 names for approval with a writeup about significance of names with main business of the company. 3. 1. Documents Required: 2. 1. Options for names for the proposed Company (on the basis of preference) 2. Amount of Share Capital; proposed shareholding ratio 3. A paragraph on the proposed major line of business of the company (main objects) 4. City of Registered Office. 5. Copy of ownership deed/sale deed(if property is owned) 6. Copy of rent agreement with NOC (if property is rented) 7. Copy of latest electricity bill/telephone bill/mobile bill for both directors 8. Copy of latest electric bill/telephone bill for the registered office proof. 4. Obtaining DIN & DSC: 5. 1. Documents Required 2. 1. PAN Card copies for directors and shareholders. 2. Voter ID/Passport/Driving License for directors and shareholders. 3. Occupation of the Directors for directors and shareholders. 4. E-Mail IDs of all directors and shareholders. 5. Phone Numbers for all directors and shareholders. 6. Photos for directors and shareholders 6. Company Incorporation: After above mentioned formalities have been completed, we need to file following forms/docs in Rs 100 stamp paper: 7. 1. Affidavits for non- acceptance 2. INC 9, INC 10 3. DIR 2 4. NOC : This is required to be filed by the owner of the property on which your company will be situated. 5. Subscriber Sheets of MOA & AOA 6. Documents required for filling MOA & AOA 7. 1. Must be filled on OWN handwriting 2. Passport size photos 3. Sheets needs to be witnessed by CA/CS/Advocate Step 2. Obtaining PAN/TAN: After company gets incorporated, you may apply for PAN/TAN. Step 3. Trade Licence in case you are selling PRODUCTS: This is required in some places for carrying out sales. You can obtain this from local Municipality. Step 4. VAT/CST registration for selling Products: For selling intra-state, you need VAT registration & for selling inter-state, you need to register for CST. 1. Documents Required: 2. 1. Trade Licence 2. Company Incorporation Certificate 3. PAN card of company as well as of all the directors 4. Proof of residence of Directors 5. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc) 6. MOA & AOA of company 7. Current Account in the name of company in any national bank Step 5. Service tax registration for Service Industry: In India, you need to pay service tax of 14.5% on every services you have charged customer for. 1. Documents Required: 2. 1. Company Incorporation Certificate 2. PAN card of company as well as of all the directors 3. Proof of residence of Directors 4. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc) 5. MOA & AOA of company 6. Current Account in the name of company in any national bank That's All folks! Your STARTUP is up to Conquer the World. UPVOTE & SHARE your views/issues We at labkafe [ http://labkafe.com/ ], prefer taxmantra [ http://taxmantra.com/ ] for our legal requirements.
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What is the best Contract Lifecycle Management system (from your experience)?
Like others in this thread, I agree that it depends on the specific features your industry/company demands. Hopefully one of the following tools will suit your needs.We did a huge crowd-sourcing of the best sales tools out there in different categories. This list of contract lifecycle managementt tools might do some service here. These should help you get your email workflows to be more efficient and easier to track throughout campaigns.The whole list of all 157 tools in different categories is here —-> Sales Tools: The Complete List (2017 Update) | Sales HackerHere are the ones we highligh...
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How do we register for step1 USMLE?
It’s a simple step by step process. During the whole process, you need to approach mainly ECFMG and your own medical schoolLet’s talk step by stepApply for USMLE ID numberit’s as simple as making a Facebook account.ECFMG On-line Services website, click to register for USMLE/ECFMG ID numberfill the form and submitthey’ll send you a ID number on your registered email addressbe careful while entering the e-mail and contact number. They gives this ID only one time so just incase your e-mail id stopped working or something, it’ll be troublesome for youApply for ECFMG certificationonce you get th...
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How can I start an import/export agency from home?
Before you start an agency, then you should start as an solo entrepreneur.If you already have wide network and many clients, then you can think, to grow it to the agency.As an start, you should start with the Industry what you know well.Also, its great, when you can work for the company what you personally know.Its good to start with looking the buyer to your country supplier.But, its important you start with market analyze- you need to know what sectors in your country are exporting. Different countries has different export sectors.You should start with the company, what belongs to the sector what is exporting in your country- this makes your work easier and you have less troubles to find the buyers.Before you start looking the overseas clients for your country supplier, I suggest you learn about the product and make sure the supplier requirements for the buyer ( payment terms, MOQ, Shipping terms etc)Also agree your terms ( how you get paid and how much). If possible then you should sign the commission agreement advance already.To seek the buyers, I suggest start with the social networking at first.In Linkedin there exist social groups where allkinds of importers and exporters participate. Some group has 200 000 members!!You should join with these groups and start to post your services there, then people see it and come back to you. You should post many times per day.Later on, I suggest to also start with some famous platform- Alibaba is good start.At the beginning focus on the few places.After you had find your first clients, then make sure they need exactly the same thing what your supplier can offer and introduce to him your supplier terms.If all match, then its time to bring the sides togheter. Before u bring them togheter, you should have signed the solid commission contract.Go ahead and start looking next client or next project!.PS! Here is the good news for People who wish to start export/import business with Europe.I have created a FREE online course for people, who want to start import-export business.Enroll in my free e-mail course below:Import export busines- all you need to know, to get startedThe free course will teach you the best ways, how to make money in import-export business nowadays + how to get started.For extra, I have also premium courses.
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I am 21 years old. I want to change my signature on my PAN card. Is it possible? If yes, what's the procedure?
Listed below are the simple steps you need to follow when you change the signature on your PAN Card:Visit the NSDL website by typing in the following link in the address bar – Guidelines for filling PAN Change Request ApplicationRead the guidelines and instructions carefully before applying for any changes that need to be made on your PANScroll down to the bottom half of the document until you locate the “Category of the Applicant” tabSelect the category that you fall into and then click on the “Select” optionYou will then have to fill in the change request form after carefully reading itAll boxes which have “*” against it should be filled up without fail as your form will neither be accepted or processed if any of the mandatory fields have been left blankSelect the box that reads “Signature Mismatch”You will also have to submit your current PAN in the box that corresponds to “Permanent Account Number (PAN)”You could also select the paperless route when submitting your documents:You do not have to physically submit the documents that are required for a change in signature on your PAN CardYou can simply provide a digital signature or upload a photo of the same, your photograph, and other documents that are requiredAfter you have completed the steps mentioned above, click on the “Submit” optionYou will have to pay a change request fee of Rs.107 through any of the following channels:ChequeDemand DraftDebit CardCredit CardNet BankingOnce you have completed the submission of your PAN Change Request form and payment, you will have to take a printout of the acknowledgement form along with its 16 digit acknowledgement numberYou will have to attach 2 recent passport photographs to your acknowledgement formEnclose the cheque or demand draft in the cover where the heading should read “Application for PAN change request –16 digit acknowledgement number” which means that if your acknowledgement number is 1726239458594404. The cover heading would be “Application for PAN change request–1726239458594404”You will then have to post this cover to the NSDL address:Income Tax PAN Services Unit,NSDL e-Governance Infrastructure Limited,5th floor, Mantri Sterling, Plot No. 341,Survey No. 997/8, Model Colony,Near Deep Bungalow Chowk, Pune–411016. Phone number: 020–2721 8080.You will have to make sure that the cover signNowes the NSDL office within 15 days from the date of receiving the acknowledgementOnce you have completed the steps mentioned above, you will receive an e-mail on your registered e-mail address.Thanks.
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