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FAQs
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How do you market an Internet startup for bloggers with no marketing budget?
In the interest of brevity: 1. Yes, leverage social media, but do so in two ways: a) use your existing networks: friends, family, co-workers... get them involved; b) devote a small amount of time to maintaining your accounts everyday (emphasis on small: social media marketing will eat all of your precious free time if you allow it, without any pay off). Thirty minutes to an hour tops. 2. Focus on 3 but no more than 5 social media outlets. Don't spread yourself too thin. Presence on more social media networks does not mean more social media presence. Get one, if not both, of the big boys: Twitter & Facebook. Target your other efforts to your specific marketing demographic.: Instagram, Pinterest, Google+ etc. each have specific audiences. You know which is most appropriate. 2. Automate your social media, especially Twitter. Set up Python bots with cron jobs or use TweetDeck. It will take some time to fine-tune your approach, but when it clicks you will be impressed. 3. Hire a Virtual Assistant. There are still things that must be done by a human. But you don't have to be that human. And that human doesn't have to be an American. You can find competent and qualified freelancers on Elance to do the mundane, time-consuming projects for you, such as researching and contacting media outlets on your behalf. Remember: your primary role is producing the quality product that people want.
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What is the full procedure of TCS from the offer letter to joining?
TCS ( ILP ) joining process and document preparationThe most important part of joining TCS is its documentation! This is just a general guide to the new ILP candidates. You should always strictly follow your Annexure ! So let’s do this fast!The Joining Process is Divided into seven parts:1.Accept the joining letter2.Complete the TCS Survey Monkey3.Complete the BGC form filling4.Fill the NSR (NASSCOM) ITPIN5.Fill the ON BOARDING forms6.Prepare the Agreements (Service Agreement & Affidavit/signNowd Undertaking)7.Prepare the supporting documentsAccept the joining letter:a). First you have to accept your joining letter by using your DT reference idTCS Next Step>>ILP corner>>Joining letter>>Acceptb). Download the Joining letterTCS Next Step>>ILP corner>> Joining letter >>DownloadNote: Accepting the joining letter is necessary to complete the other formalitiesSo first accept your joining letter (if you are going to join TCS)Complete the TCS Survey MonkeyYou have to complete the TSC survey monkey. TCS recruitment team will send you the link by mailRequired details:1. TCSL Reference id (DT reference id)& passwordhttps://www.surveymonkey.com/r/T...Complete the BGC form filling:You have to complete the Background Check Verification Before Your Joining datea). Fill BGC Form:i). Fill the Basic Details (Passport, PAN, Address Details)ii). Academic Details (CGPA or overall percentage)iii). Reference: You have to fill any two person’s following detailsØ NameØ Company/Institute NameØ DesignationØ Contact NoØ Email idØ Relationship with the applicantØ Period for which reference knows the applicantiv). Fill Security Detailsb). Declaration:Ø In declaration part you have to agree and submitØ Download the BGC completed formc). Documents uploading:You have to scan and upload the following documents in PDF or JPEG format each file size should be less than 2MBØ NSR e-cardØ Birth certificate or Birth AffidavitØ Permanent, present address proof(aadhaar / passport / ration card / EB, GAS, mobile Bill / credit, debit card / Bank statement)Ø PAN cardØ Passport / passport application receiptØ ID proof (voter id, ration card, driving license, bank passbook, aadhaar)Ø X- grade mark sheetØ XII-grade mark sheetØ All semester mark sheetsØ Non-Criminal Affidavit (first page of the stamp paper)Fill the NSR (NASSCOM) ITPIN:You have to enter your NSR ITPIN atTCS Next Step>>ILP corner>>National skill registry>>ITPIN(you have to complete the registration and bio-metric process of NSR before joining ILP (please visit site www.nationalskillsregistry.com). And they will send you a NSR-e card by mail or you can generate by yourself by login to your NSR profile)Fill the ON BOARDING formsYou are mandatorily required to fill and submit the Onboarding Forms before your joining date to smoothen your Onboarding process, failing which your joining formalities will not be completed. These forms are required to be filled as per statutory compliance norms.Onboarding forms consists of five forms:Ø Provident Fund (PF)/ Pension Scheme Nomination form (Form 2 — Part A and Part B)Ø Gratuity Form (GF)Ø Superannuation Form (SF) -only to eligible employeesØ Declaration Form (Form 9)Ø Group Life Insurance (GLI)You would have to fill all the Onboarding forms online and declare nominee(s) for the above mentioned forms. Submit a Hard copy of the completed forms on the day of Joining ILPTCS Next Step>>Onboarding>>Fill all the formsAfter filling these form, you can download these 5 documents at “Dashboard tab”-in the same pageSuggestion: 1. nominee is father or mother 2. share of money -100%Required information: Name, DOB of the nominePrepare the Agreements (Service Agreement & Affidavit/signNowd Undertaking):a) Service Agreement:1.Buy a Rs.100 stamp paper on your name2.Print the service agreement page 1Download.pdf3.Buy 5 demi (court paper) / green paper (court paper) / Legal / A4 papers4.Print the service agreement page 2 – 6 Download.pdfNote: page 6 is also called as surety verification formNote: Blanks should be written using pen it should not print or typeIt doesn’t matter how many pages in your agreement but make sure that proper page number and proper contentOther instructions:If Rs.100 stamp paper is not available, you can also do this in two Rs.50 stamp papers Make sure the text starts in the stamp paper. You can print first 3 Lines on first Rs.50 stamp paper and next some paras on another Rs.50 stamp paper and the remaining pages on other demi paper.Read the service agreement guidelines carefully before filling up anything. Many might find this silly but I prefer filling up Xerox copies first. It can save you the money for printing again in case something goes wrong! So we are here going to use a Rs.100 stamp paper for the first few lines(THIS AGREEMENT made at Mumbai on this 1.______________________________________ day of 2._________________, Two thousand and 3._______________________ between TATA CONSULTANCY SERVICES LIMITED,)and print the rest on simple A4 papers or Legal or demi papers. Fill everything up in CAPS, using a pen. Do not remove any clause, not even the page numbers! Don’t forget your signature and surety’s signature on the bottom of each page!! Service Agreement needn’t be signNowd.Surety Verification:This is a part of the Service Agreement. Any person who is an Income Tax Payee or has Land property can be your surety! Example: your father! So just make sure you place the signatures in proper places and have your surety fill up the “Surety Verification Form”. This form has to be attested by a Gazetteer Officer or the manager of a nationalized bank where the surety holds an account or employer of the surety! or public notaryØ Attested photocopies of the surety’s pan card.Ø Attested photocopies of the surety’s Form 16 (or) Attested photocopies of the surety’s latest income tax returnNOTE: Make sure your surety’s signature everywhere matches with that done in his/her Pan Card or you are in some serious troubleb) Non-Criminal Affidavit:1.Buy a Rs.100 stamp paper on your name2.Print the Non-criminal affidavit page 1 Download.pdf3.Buy 2 demi (court paper) / green paper (court paper) / Legal / A4 papers4.Print the Non-criminal affidavit page 2 – 3 Download.pdf5.Get this affidavit signNowd by a notary public in court (signature in all the pages)Note: Make sure you choose non-blood relation people as witnesses! Example: Neighbors.Other instructions:If Rs.100 stamp paper is not available, you can also do this in two Rs.50 stamp papers Make sure the text starts in the stamp paper. You can print first 2 paras on first Rs.50 stamp paper and next some paras on another Rs.50 stamp paper and the witness page on another demi paper. just fill in the blanks with a pen DO NOT remove any clause.Prepare the supporting documents:1. Medical Certificate:Download medical certificate format from TCS next step portal and print it (Black & white is enough) Make sure The doctor signs and places his seal on the second page. He should also sign and place a seal on your photo. format download.pdfYou’ll need two attested copies of everything but make sure you keep more copies with you (many times it will help you)Here’s a list of the supporting documents you’ll need to get attested by:Ø Gazetteer Officer orØ Government higher secondary school head master orØ Tehsildar of the village in which the Applicants resides. orØ District collector of the district in which the Applicants resides1. Birth Certificate:(If your birth certificate is not in English, or your name/place of birth/date of birth is missing/the details are mismatching, then it is recommended that you apply for a new one before it’s too late.Otherwise, you need a signNowd affidavit on Rs.100 stamp paper, which is only atemporary arrangement.)2. Class X - mark sheet.3. Class XII-mark sheet.4. Consolidated Mark sheet (from your institution)5. Degree Certificate(or Provisional Certificate / course complete Certificate if you. Don’t receives your Degree Certificate yet)6. All Semester Mark sheets7. Transfer certificate (if you have)8. Your Pan Card9. Your Passport10. surety’s information:a) If Income tax payee : photocopy attestedi). Surety’s Form 16 ( or )Surety’s Income Tax Return / saral / form 2d / form12Bii). Surety’s PAN cardb) If Surety have landi). Surety’s land documents photo copy – Registered in Englishii). Latest land valuation certificate from the respective authority-photo copy with attestedc) Else Fixed deposit of Rs. 50,000 at nationalized bank on TCS name for two years) photocopy attested by bank manager11. your aadhaar card (if you have)12. your voter card (if you have)13. Ration card (if you have)You’ll need two self-attested copies of Following documents but make sure you keep more copies with you (many times it will help you)1. Joining letter2. Offer letter3. ID proof (Passport, Voter ID)4. Address Proof (Passport, Voter ID)- give a separate copy for permanent & (if Present) address5. Highest degree mark sheets (for BGC)6. Degree Certificate / Provisional / Course complete (if only degree certificate not provided byyour institution)(for BGC)7. NSR e-card printout (after you’re done with Biometrics, you’ll get your ITPIN and e-card with your picture, in your e-mail).8. Documents for break in education (if any otherwise no need)(i) Medical records, if the break was due to medical reasons.(ii) Certificates / Examination results, if the break was due to additional course done.(iii) Affidavit on a Rs.100 stamp paper with notary authorization, if the study break was due to other personal reasons.9. CID Form (if you are from Mumbai/ Navi Mumbai/ Thane City/ Thane Rural / Pune otherwise no need) You need to submit Self-Attested Criminal Investigation Division (CID) forms forthe respective region. (details about forms will be mailed to you just before your joining)10. 12+ copies Recent passport size photos11. All the documents Original compulsory. Don’t forget to take the originals with you!Advise: keep more copies of your documents and attested copies it may help you if any problem
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How do I register a Pvt. Ltd. company?
Steps to Register Private Limited Company:-Step 1. Digital Signature Certificate(DSC) RequiredThe first and foremost step to start the registration process is to have directors & shareholders Digital Signature Certificate. Digital Signature are nothing but a USB drive(DSC token) which contains the encrypted digital signature of a person.It is same as a person is signing with a pen on a paper and with digital signature, a person can sign a document on Computer.Step 2. Directors Identification Number(DIN)Directors Identification Number(DIN) are mandatory for every person, who wishes to become a director in any company. PAN card is mandatory to have a DIN number. Director Identification Number is a unique code which has lifetime validity.Documents required for DIN ApplicationPAN CardAdhar CardElectricity BillPhone billMobile BillBank StatementNote: There can be Maximum 15 Directors in a Private Limited Company which can be received by giving Notice to ROCStep 3. Name ReservationAfter having DIN number. Name Reservation Application can be filed through Form INC-1 and Name will be reserved by the DIN numbers of the Directors. Following points should be considered while making the application for Name Reservation.The name should not be similar to any existing company or LLP name.The name should not be similar to any Registered Intellectual Property.In the event of winding-up of a company, the name of such entity will not be available for use for the next 2 years. However, if company winds up by the court order, then the name of such entity will not be available for use for the next 20 years.Step 4. Drafting of Memorandum of Association(MOA) and Article of Association(AOA)Memorandum of Association: It is the constitution of a company. It is a document, which among other things, defines the areas within which the company can act. It states the objects for which the company has been formed. Articles of Association: It contains the rules and regulations relating to the internal management of a company. It serves as a binding contract between the company and its members. Once the company name is approved by the ROC, the subsequent step is to draft the MoA and AoA. The subscribers need to determine their name, address, and occupation in their own particular handwriting and sign the subscription pages of MoA and AoA.Step 5. Certificate of IncorporationAfter the submission and completion of all the necessary documents, the registrar of the company shall retain and register the memorandum and articles. After the registration of the Memorandum of a company, the registrar shall signNow that the company is incorporated. The digitally signed "certificate of incorporation" then will be emailed to the directors.
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How do I become successful at affiliate marketing online within 3 months?
Honestly, one does not need to hang on for 3 months before making money on affiliate marketing.The number one requirement is to find a product or service that will solve peoples needs or assuage their burning desires.Then find a way to inform these people of your product or service. Again find a channel to deliver your product and finally provide a channel to receive your money.From the above scenario, the affiliate marketing journey is made up of pieces of actions tailored to make the process successful. So the best approach is to allocate 30 days and endeavor to perform a task religiously each day.This is just s blueprint I learned from my mentor. And I bet, if well implemented it works like charm. 1 month NOT 3 months. Hope this helps.Thanks
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Can I transfer my EPF account online?
The EPFO or Employees' Provident Fund Organization has introduced an online system to facilitate transfer claims and withdrawals by its members. Using this system, an employee can transfer his or her provident fund (EPF) balance with the previous employer to a new employer or can make partial/complete withdrawal of his PF balance with ease. In online transfer of PF, an employee has the option to get his or her claim attested by the current or the previous employer. After you submit your EPF transfer request, the employer will verify/correct your member details, approve and submit the request online through the portal. However, the employer needs to have a digital signature in order to affect the transfer. There are certain eligibility criteria which an employee needs to meet in order to transfer the EPF online.Online transfer of EPFWhen you move from one company to another, you need to transfer your Employee Provident Fund (EPF) as well. With the introduction of Unified Account Number (UAN) for EPFO subscribers this process has become simpler as the account number remains unchanged. Here’s how to initiate the EPF transfer process online.Register on the EPF member portalIn order to initiate the claims transfer, you need to be a member of the EPF member portal. The registration on the portal can be carried out by logging on to the EPFO India website.Portal for online claims transferThe employee must access the Online Transfer Claim Portal and register a claim for transfer of EPF. The login details for this portal are the same as those for the member portal.Check eligibilityIt is important to check whether you are eligible to make an online transfer claim. In some cases, a physical form (Form 13) must also be submitted.ProcessIf you are eligible to make the transfer online, click on the ‘Request for transfer of funds’ and enter the PF numbers of your previous and current employer. The claim needs to be attested online by either your previous or current employer. On filling in the details, a PIN will be generated and sent to the registered mobile number.AuthenticationA tracking ID will be generated to track the progress of the online application. The printable Transfer Claim Form (Form 13) can be saved in the system. Print out Form 13, sign it and submit it to the employer to complete the process of claim submission.Reasons to transfer your PFOnce an individual starts his career by taking up employment in any of the PF registered organization, an employee would be registered for PF purpose and both employee and employer contributions to employee’s PF and the fund earns interest till withdrawal. Further, it is not uncommon especially in early or mid-years of the career, to switch job for various reasons with or without break. In such scenarios, what happens to the PF account of the employee already created with the previous employer?The employee will have two options in such casesEmployee’s contribution with interest can be withdrawn if the employee continues to be on break for up to 60 days; orTransfer the balance to the current employerAs already mentioned, in order to make it an ideal saving for retirement it is always better to transfer the PF balance instead of withdrawing. This is also advisable from the tax standpoint as withdrawal of PF within 5 years of continuous service attracts tax.How to use UAN to transfer PF online?The Employees’ Provident Fund Organisation (EPFO) has been taking several measures to simplify the operation of EPF account both for employer and employees. Keeping up with technology revolution, EPFO is also striving towards making all the process related to EPF electronic, more specifically PF transfer and withdrawal of PF which are generally tedious and time-consuming.EPFO introduced Universal Account Number (UAN), which acts as an umbrella for the multiple Member Ids allotted to an individual by different employers. UAN enables linking of multiple EPF Accounts (Member Id) allotted to a single member. UAN offers a bouquet of services like dynamically updated UAN card, updated PF passbook including all transfer-in details, facility to link previous members’ ID with present ID, monthly SMS regarding credit of contribution in PF account and facility for auto-triggering transfer request on change of employment.Documents required for transferring PF onlineWhile the PF transfer was possible online earlier under ‘Online Transfer Claim Portal’, with the introduction of UAN, the process of transfer is revised and shifted under ‘unified portal’. However, in order to make online PF transfer, please ensure the following.The member should have activated his UAN in UAN portal and mobile number used for activation should also be activeBank account and bank IFSC code of employee should be seeded against the UAN Seeding Aadhar number and PAN against UAN is not mandatory for raising transfer claims.The employer should have approved the e-KYCThe previous/current employer should have digitally registered authorized signatories in EPFOPF account number of both previous and current employment of an employee should be entered in EPFO databaseOnly one transfer request against the previous member ID can be acceptedPersonal information and PF account related information is shown in EPFO should be correctProcedure to transfer PF onlineNow we know that PF transfer can be made online and above criteria need to be fulfilled. Let us understand the procedure step by step with the help of screenshots:Step 1Login to Unified portal (member interface) by using your credentials i.e., UAN number and passwordStep 2After login, click on ‘One Member – One EPF Account (Transfer Request)’ under Online ServicesStep 3Verify personal information and PF account for present employment:Step 4PF account details of previous employment would appear on clicking on ‘Get details’ below.Step 5You have the option of choosing either your previous employer or current employer for attesting the claim form based on the availability of authorized signatory holding DSC. Choose either of the employers and provide member id/UAN:Step 6In the next step, click on ‘Get OTP’ to receive OTP to UAN registered mobile number and enter the OTP and click on submit.The employer will digitally approve your EPF transfer request by accessing employer interface of the unified portalFill up form 13 with details including PF number from both previous and current employer and download the transfer claim (pdf format). Submit the physical signed copy of the online PF transfer claim form to the selected employer within a period of 10 days.You can apply for an attractive offer with best possible Rate of Interest and Terms for Personal Loan, Business Loan, Home Loan and Car Refinance Loan.FundsTiger is an Online Lending Marketplace where you can avail fast and easy Home, Business and Personal Loans via 30+ Banks and NBFCs at best possible rates. We will also help you to improve your Credit Score. We have dedicated Relationship Managers who assist you at every step of the process. We can also help you in Balance Transfers that will help you reduce your Interest Outgo.
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How do I company registration online?
Are you looking for Experts in Private Limited Company Registration online?When it comes to private limited company registration in India, then Virtual Auditor would be your most preferred choice.When you start Private limited company registration online in India, you need to aware ofPrivate limited companyLLP (limited liability Partnership)One Person Company.Depending upon the legal entity apart from the founders, if you have investors then you can call them as Shareholders. In most of the cases, in the starting founders & shareholders are the same because they are investing the money in business and run as bootstrapping.So here is the short guide to choosing the right legal entity to start a business in Indiaa) Private Limited Company Registration –When you have the two co-founders or want to raise the money from angel investors or venture capitalist in future then always go with the private limited company registration in India.b) Limited Liability Partnership | LLP Registration – When you have two partners or co-founders but have enough money to invest in the startup for the long terms & need limited liability in the business then go with the LLP company registration in India.c) One Person Company Registration –OPC is similar to the private limited company so it’s a best when you are the single founder of the company & need just a limited liability in the business with company legal status and 100% control over the business then go with the One Person company registration in India.Apart from above 3 legal entity if you have any business ideas which is untested then you have to always choose the simple sole proprietorship company registration in Bangalore to test the ideas before going proper pvt ltd company registration.To know more about the company registration in india, do feel free to get in touch with our service experts who would be glad to help you in every possible way. For more details contact us +91 9176044244Choose Virtual Auditor. Complete procedure and Guidelines available in this link Company Registration Steps - Reuters
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What is the best form for a subsidiary of a foreign company in India?
The term subsidiary means a there should be either a private limited company or a public limited and at least 51% of its entire equity capital should be held by some other Indian or foreign company. To incorporate a subsidiary of a foreign company, the following article will help:How to incorporate a wholly owned subsidiary in India?Any foreign company can incorporate a wholly owned subsidiary company in India. In India, private limited companies are most popular form of business structure and therefore most obvious choice of foreign companies. In an Indian private limited company, there can two shareholders and two directors and at least one Director should be resident in India. 100% shareholding of an Indian private limited company can be owned by its foreign holding company and the requirement of having at least two shareholders can be fulfilled by giving one share to the nominee of foreign company. Wholly owned subsidiary company incorporation process is fast and hassle free and can be completed online. That means the promoters or their nominee doesn’t have to necessarily fly to India to incorporate a wholly owned subsidiary company. The step by step incorporation process is discussed below:Obtaining Digital Signature CertificateSince all incorporation papers are submitted to the Central Registration Centre, Ministry of Corporate Affairs (registering authority to register all types of Companies in India) online, so all the Individual promoters are required to have a class II type of digital signature certificate issued by any private agency such as SIFY and/or E-Mudhra. These agencies holds a license from the signNowing Authority (Under the provisions of Indian Information Technology Act, 2004) to issue digital signature certificates to individual and organisations.Digital signature certificates are generally valid for one or two years and can be used after incorporation as electronic signature of the individual promoter for submitting any document with the MCA or the Income Tax Department.To obtain digital signature certificate, the applicant has to fill, affix his/her passport size recent colour photograph and sign an application form of issuing organisation (SIFY and/or E-Mudhra). This application form is submitted to the issuing authority along with a self-attested and notarised/apostilled proof of identity and proof of address of the applicant. In case the proof of identity and address is not in English language, then a certified translated copy of the same shall be submitted along with the filled in and signed application form.1. Filing name application and obtaining name approval from the Central Registration Centre, Ministry of Corporate AffairsAfter the introduction of SPICe (A single form for submitting incorporation application), name of proposed company can be submitted in SPICe. However, it is general practice to file name application in RUN (Reserve Unique Name) and obtain name approval certificate from the Central Registration Centre, Ministry of Corporate Affairs before preparing the Memorandum and Articles of Association and SPICe. RUN is filed online after logging in on Ministry Of Corporate Affairs. Two options for the proposed name, in order of preferences, can be submitted. At this stage, a certified true copy of the Board resolution of parent company, giving no objection for the incorporation of a subsidiary company in India and authority to any Individual to sign the papers on its behalf will be necessary. The copy of Board resolution should be notarised/apostilled, in the home country of parent company. In case the parent company has any registered trademark in India, or elsewhere, and the same is being used in the name of proposed Indian company, a no objection of the parent company in the form of Board resolution along with trademark registration certificate shall also be necessary to get name approved.The Central Registration Centre shall provide two opportunity to the applicant, in case the name applied is not available for registration, thereafter a fresh name application in Form RUN shall be filed. MCA fee for filing Form RUN is INR. 1,000/- which is non-refundable.Once approved, the name shall be available for registration for 20 days and after expiry of 20 days, the approved name shall automatically be withdrawn and a fresh name application shall be filed to get the same name again. In short - incorporation papers must be submitted within 20 days of name approval.2. Memorandum of Association (MOA) and Articles of Association (AOA)The main constitutional documents of an Indian company is its Memorandum of Association and Articles of Association. The Memorandum of Association contains the objectives of the company and details of Company's promoters and their ownership in the company and also their liability in case of liquidation. The Articles of Association is also very crucial piece of document and it contains the rights, duties, obligations of promoters and directors. It defines working relationship of company with its promoters and directors. The company's Memorandum of Association and Articles of Association has be very carefully drafted as a company cannot go beyond the provisions of its Memorandum and Articles of Association.The Memorandum and Articles of Association contains subscriber page, which needs to filled in and signed by the promoters of the proposed company. In case promoter is a body corporate, the subscriber page of the Memorandum and Articles of Association shall be signed by the person authorised by the parent company through a Board resolution. In case subscription pages are being signed outside India, the same needs to be properly notarised/apostilled in order to be a legally recognised document in India. In case promoters are traveling to India to get the company incorporated and sign subscription page or other incorporation papers, they must travel to India on a valid Business Visa. However, it is not necessary for the promoters to travel to India for simply incorporating a company and an Indian company can be incorporated without requiring the promoters to fly from their home country.3. Preparation and submission of SPICe (Incorporation Papers)Once company's Memorandum and Articles of Association is finalised and executed, an incorporation application shall be prepared in SPICe and submitted online with the Central Registration Centre, Ministry of Corporate Affairs. In order to prepare SPICe, the following information and papers shall be necessary:à Service Request Number of RUN (Name application Form), in case name is reserved earlier. In case the applicant has not reserved the name earlier, name application can be filed in SPICe as well. However, it is advisable to get the name reserved through RUN to be double sure about name and avoid procedural hurdles in case the proposed name faces rejection from the Central Registration Centre;à Main business activity code of the proposed company;à Particulars of registered office address: In India, every company must have a Indian address to be used as registered office of the company within fifteen days of incorporation. Particulars of registered office address can be submitted in SPICe at the time of incorporation. In case registered office address is not finalised, then particulars of a local communication address has to be provided in SPICe and company can submit the particulars of its registered office in Form INC – 22 within 15 days of incorporation;à Particulars of Authorised and Paid-up share capital of the company: There is no requirement to have minimum paid-up share capital and therefore, paid-up share capital can be as low as INR. 1/-. The authorised share capital or nominal capital is maximum limit of share capital, a company can issue shares. Presently there is no incorporation fee for keeping the authorised share capital upto INR. 1 Million and only stamp duty has to be paid on authorised share capital. It is advisable to keep the authorised capital INR. 1 Million at the beginning. The company's authorised capital may be increased at later stage after incorporation as per the requirements of capital;à Particulars of Directors/Shareholders: After introduction of SPICe, the application for allotment of DIN (Director Identification Number) is submitted at the time of incorporation itself through SPICe. DIN is a eight digit unique number allotted to all the Directors by the Central Government and is valid for lifetime. To obtain, the Directors/Promoters has to their passport and any document establishing proof of address. The copy of passport and proof of address must be self-attested, duly notarised and/or apostilled. In case these documents are not in English language, then a certified translated copy shall also be necessary. In SPICe, the names, father's name, residential address, nationality, residential status, occupation, education qualifications, the number of shares to be held by them in the company and amount paid-up etc. shall be mentioned. Particulars for allotment of PAN and TAN shall also be filled in the SPICe. After filling the necessary details in the SPICe, necessary attachments such as affidavits, consent letters, Memorandum of Association, Articles of Association, Proof of Identity and address of promoters, Board resolution of parent company, no objection of parent company for letting the proposed Indian company use its name etc. shall be attached. The SPICe has be be digitally signed by the applicant and the same shall be duly certified by a practicing professional such as a practicing Company Secretary, Chartered Accountant or a practicing Cost Accountant.4. Clarifications | Additional information requested by the Central Registration CentreAfter submitting SPICe online, all the papers are reviewed and scrutinised by the officials at the Central Registration Centre and they may require some additional information and/or clarifications by sending back the form for its re-submission. These clarifications are requested through e-mail though re-submission request. Upon receipt of re-submission request, the applicant has to again prepare SPICe and address the queries raised by Central Registration Centre and re-file the application.5. Certificate of Incorporation & Allotment of PAN & TANOnce all clarifications are provided and officials of Central Registration Centre are satisfied, they approve SPICe and send the same to the Income Tax Department for the allotment of PAN and TAN to the proposed company. PAN and TAN are generally allotted within few hours and after allotment of PAN and TAN by the Income tax department, an electronic Certificate of Incorporation is generated. The electronic Certificate of Incorporation contains company name, an unique CIN, date of incorporation, Company's registered office address, Company's PAN and TAN. After incorporation, first Board meeting of the company is to be necessarily held within one month of incorporation, wherein a Board resolution to appoint the first auditors of the company and opening of corporate bank account shall be passed. After issuance of Certificate of Incorporation, the promoters can initiate the process of bank account opening and remittance of share application money in Company's bank account. To open a corporate bank account in India, the Directors of the Company will have to be physically present to sign the bank account opening documents as this is general practice adopted by banks.Since the Narendra Modi government came into power in 2014, many initiatives to promote the business climate of the country has been taken by the Government. India's incorporation process is effectively fast and simple and a company can be incorporated in 2-3 business days only.We at Pratham Legal can help you incorporate your wholly owned subsidiary in India. To get in touch with me, please write me at prashant@prathamlegal.comor call me at +91 9821008011. To know more about Pratham Legal, our India entry practices, please visit https://prathamlegal.com/our-pra...
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What are some things that happen only in India?
My Native language is Bihari ( Maithili to be precise ) but I have been born n brought up in Kolkata ( West Bengal, India ). I consider myself as much a Bong as anyone else & most of my friends are Bengali too….I have had instances of being bullied due to being a Non Bengali in school but that is another story….Cut to the Chase…. It happened when I was in 3rd year & I travelling in a local bus for my tutions…now, in Kolkata, the ladies seats are reserved and if those ladies seats are full, they can sit on guys seats but the guys cannot sit on ladies seat….if they do, the ladies would make a...
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