Binoy Chacko

Registers and Records by Company A company registered under the Companies Act has to maintain certain prescribed registers and records . Non-compliance of record-keeping invites penal action against the company and its directors.

Under Companies Act, a company can be registered for charitable purposes with the object of not making any profits. These Companies are generally called as Section 8 Company . These Companies are formed to promote Commerce, Science, Art, Religion, Charity or other socially useful objectives. Section 8 Company Registration is possible after obtaining license from registrar of companies. A Section 8 Company shall not pay any dividend to its members, but apply the surplus of receipts over payments for promotion of its objectives.

Adjudication of Penalty under Companies Act. Adjudication of Penalty under Companies Act means the official imposing of penalty as prescribed under the respective Sections of Companies Act on the Company and its officers by the designated officer of Ministry of Corporate Affairs. Under Section 454 of the Companies Act, the Central Government has appointed the Registrar of Companies / Regional Directors as the adjudicating officers for adjudging penalty under the provisions of this Act.

How to Register a Company in Bangalore? To know more about the process and requirements of Company Registration in Bangalore you may visit www.CompanieInn.com Also, after registration of Company, you have to obtain the following registrations depends on factors such as area of business, No. of Staff etc . GST Registration GST Registration is required if your taxable turnover exceeds Rs.20 lakhs (Rs.40 Lakhs from 1/4/2019) in any financial year or if you are into inter-state supply or goods and services. Also, you may be required to take GST Registration for other reasons such as condition for vendor registration etc. Shop and Establishment Registration Every Business Establishments are required to obtain separate registration under respective State Shop and Establishment Act and Rules within 30 days of starting the business. This is a state specific mandatory registration for all the business and establishments. Professional Tax – Employer Registration (Enrollmen...

MCA-ROC Filing Fee Calculator CompaniesInn – MCA Fee Calculator provides comprehensive and concise fee details for Registration of Company, Registration of LLP, Filing of MCA Forms and Increase of authorised Capital in all states of India including respective state’s stamp duty. Fee Payable to ROC for filing Documents other than Balance Sheet and Annual Return For making a record of or registering any fact by this Act required or authorised to be recorded or registered by the Registrar - (a) in respect of a company having a nominal share capital of upto 1,00,000. 200 (b) in respect of a company having a nominal share capital of Rs. 1,00,000 or more but less than Rs.5,00,000. 300 (c) in respect of a company having a nominal share capital of Rs. 5,00,000 or more but less than Rs.25,00,000 400 (d) in respect of a company having a nominal share capital of Rs.25,00,000 or more but less than Rs. 1 crore or more. 500 (e) in respect of a company having a nominal share capita...

How to Start a Business in India? Non-Resident Individuals and Business Incorporated outside India are permitted to start a business in India subject to provisions of Foreign Exchange Management Act (FEMA) and Reserve Bank of India (RBI) Regulations. Different Options to Start Business In India A Non-Indian National / Business incorporated outside India has the following options to setup up a new business in India: Limited Company Limited Liability Partnership (LLP) Branch Office or Liaison/Representative Office, Project Office

What is One Person Company or OPC ? One Person Company (OPC) is a new concept in India from 2013. A Single Person, who is an Indian National and Resident in India can incorporate a Limited Company. One Person Private Limited Company Registration in India is administered by the Registrar of Companies-ROC in India. Register a OPC company in India. Before registering a start-up company in India as a OPC Pvt Ltd Company, Company Name Check can be checked done with CompaniesInn. The concept of OPC is suitable for those who are looking for starting their own ventures with an organized business structure. OPC has all benefits of a private limited company such as protecting personal assets from business liability, separate legal entity and perpetual succession. The business can access credits and bank loans in the name of business itself rather than individual name in case of a sole proprietor.