#Business registrations in alwar
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Join the Elite: TrakinTax - Premier CA Institute in Alwar
Join the Elite at TrakinTax, the premier CA institute in Alwar! Elevate your career with expert guidance and comprehensive courses tailored for success in the field of chartered accountancy. Experience unmatched training, personalized support, and a pathway to excel in your CA journey. Enroll now for a transformative learning experience!
#CA Accounting course#CA course in Alwar#Best CA Institute in alwar#Best CA Service in Alwar#Course of CA in alwar#GST Return filling#Best online accounting service#Business registrations
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What is the role of real estate agents in buying Property in Behror?
Behror, a rapidly developing town located in the Alwar district of the Indian state of Rajasthan, has become an attractive destination for property buyers. With its strategic location on the Delhi-Jaipur National Highway and its proximity to industrial hubs, Behror offers a promising real estate market. If you are considering investing in property in Behror.
Here are various aspects related to property in Behror:
Features of Behror: Behror enjoys several features that make it an appealing location for property investment. The town's proximity to the Delhi-Jaipur National Highway ensures excellent connectivity to major cities. Additionally, Behror is located close to Neemrana, an established industrial town hosting numerous multinational company. The rapid industrialization in the region has resulted in increased employment opportunities and a growing demand for residential and commercial properties in Behror.
Types of Properties for sale: Behror offers a wide range of properties to cater to various buyer preferences. Here are the primary property types for sale available in the area:
Residential Properties: Behror has a variety of residential properties, including apartments, independent houses, and villas.
Commercial Properties: Due to its strategic location on the Delhi-Jaipur National Highway, Behror is witnessing the development of retail spaces, office complexes, and industrial plots. The increasing commercial activity in the region has led to a surge in demand for commercial property for sale in Behror, presenting lucrative opportunities for investors and businesses.
Tips to Buy Property in Behror: If you are considering purchasing property in Behror, here are some essential tips to help you make an informed decision:
Research and Due Diligence: Conduct thorough research on the current real estate market trends in Behror. Look for information about property prices, amenities, nearby facilities, and future developments.
Location and Connectivity: Consider the location of the property and its proximity to key facilities such as schools, hospitals, shopping centers, and transportation hubs. Also, evaluate the connectivity to major highways and nearby cities, as it plays a vital role in enhancing the property's value and rental potential.
Budget and Financing: Fix your budget and evaluate your financing options. Calculate all additional costs, including registration fees, stamp duty, and maintenance charges, to ensure a comprehensive budget estimate.
Role of Real Estate Agents in the buying process of property for sale in Behror: Real estate agents play a crucial role in the property-buying process. They possess in-depth knowledge of the local market, available properties, and legal procedures. Here are some ways real estate agents can assist you:
Market Knowledge: Real estate agents have access to comprehensive market data, enabling them to provide insights into property prices, trends, and investment potential. They can help you find suitable properties based on your requirements and budget.
Negotiation and Documentation: Agents possess negotiation skills and can advocate for your interests during price discussions and contractual agreements. They also assist with legal documentation, ensuring a smooth and hassle-free transaction.
Time and Effort: Engaging a real estate agent saves you valuable time and effort. They can arrange property visits, schedule meetings with developers/sellers, and handle paperwork, allowing you to focus on other aspects of the buying process.
Behror presents a promising real estate market with its advantageous location, connectivity, and proximity to industrial hubs. With careful consideration and professional guidance, property buyers can explore the opportunities available in Behror and secure an asset in this rapidly growing town.
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PRIVATE LIMITED COMPANY REGISTRATION OR PVT LTD COMPANY REGISTRATION
PRIVATE LIMITED COMPANY REGISTRATION OR PVT LTD COMPANY REGISTRATION
A private limited company is a company privately held for small businesses. The Name of the Company shall end with Private Limited. This type of business entity limits owner liability to their shareholdings. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A Private Limited Company gives a separate legal entity for the Promoters to excel in their area of Operations.
Advantages Of Pvt Ltd Company Registration
· Separate Legal Entity
· Minimum Share Capital Requirement
· Only two members Required
· Continuing Existence
· Limited Risk to Personal Assets
· Trust Factor
Documents required for Pvt Ltd Company Registration
· Identity and Address Proof of the Directors or Members
· Email id / Contact No of the Directors or Members
· Passport Size Photo of the Directors or Members
· Utility Bill for the registered Office (not more than 2 months)
· No Objection Certificate from the Owner
· Filing of the Necessary Forms with the Ministry
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10 Things to Consider Before Buying a Flat
Introduction
Many people’s lifelong dream is to own a comfortable house, but buying a house is not as easy as it may seem; it involves thorough planning and analysis before making a purchase. There is a diverse selection of residential options accessible, such as residential plots, apartments, single floors, independent houses, and flats with several stories. In addition, there has been a growing trend of owning flats for the dual purposes of living in them and using them as an investment.
There are only a few flats in Alwar, which were developed by the most reputable builders and developers in the city, are available for purchase at prices that are within a realistic price range. There are several desirable locations in which to purchase apartments or flats in Alwar. However, one thing that must be kept in mind is that the acquisition of any property can only be considered a success if the process of acquiring the property is carried out in a suitable manner and time.
This is true whether you are a seasoned shopper or a first-time customer. Therefore, before e purchasing an apartment, one has to give some thought to the ten items listed below before buying a flat.
Tip 1 – Buying the flat from a reputed builder
Many considerations suggest that we should only acquire our dream home from reputable, established builders and developers. Initially, it is seen that reputable, experienced builders have systems and procedures in place to ensure the timely completion and delivery of apartments to homeowners.
Secondly, a reputable developer seems to be more likely to register his project with RERA and advise prospective purchasers about the registration.
Thirdly, a reputable developer has sufficient experience to quickly identify the needs of homebuyers and the market clout to get facilities at cheap prices. In addition, a reputable developer's real estate projects are typically located in places that are popular, well-connected, and secure in terms of market unpredictability.
Tip 2 – Locality and neighbourhood check
When looking to buy a flat, it is essential to select a location that is in close proximity to business and recreational centres, schools, colleges, supermarkets, hospitals, shopping malls, parks, and theatres, among other places. In addition, the location of the property affects not only its value on the market but also the standard of life you can expect there.
With regard to the unpredictability of the market, condominiums located in wealthy residential areas offer superior connectivity and a high level of protection. In addition, the fundamental infrastructure that surrounds the property is a crucial factor in determining both its current and potential future value on the market. The return on investment (ROI) of a piece of real estate is heavily influenced by its location.
Tip 3 – Water and power supply
If there is water scarcity and frequent power outages in the area, even a luxury, well-equipped home cannot offer you the comfort you want. Even the connection to the electricity might be temporary at times, which is especially common when purchasing a flat that is still under construction.
It may take one or two years before one is able to acquire a connection that is permanent. You won't be able to use appliances like a refrigerator, or a washing machine. This is due to the fact that there would be no power backup and inverters cannot handle heavy loads for extended periods. Consequently, one of the primary things you must examine is the area's water and electricity supplies.
Tip 4 – Flat Pricing
Establishing a budget is the first essential step in picking a flat, property, or apartment. When you know how much you are prepared to spend on a home or apartment, it is easy to shortlist the flats or properties which fit into your budget and choice. To guarantee this, it is essential to compare the offered price of the property in issue with the prices of neighbouring properties constructed by other builders in order to determine whether or not the builder has provided a true estimate.
There are several ways to compare houses in the region in which you are searching. In this regard, portal listings, local brokers, and newspaper listings are sources to be considered.
Also Read - Difference Between a Flat and an Apartment
Tip 5 – Legal Status of the flat
It is important to verify that the home may legally be constructed on the piece of land it now sits on. The municipal corporation, water supply and sewage boards, power boards, and area development agencies all must grant the developer authorization and a no objection certificate before the project may move forward.
Also, make sure that each and every document pertaining to the title is properly stamped and registered at the office of the jurisdictional sub-registrar of assurances. In the same vein as establishing that they are the rightful owners of the property, the buyer is required to verify the seller's identity as well as any restrictions that control the seller's ability to transfer the property.
Tip 6 – Check the construction quality
One should check the builder's reputation by examining the kind of projects the builder has completed within and around the buyer's chosen city. Buyers can seek the builder for a copy of the structural stability certificate given by the structural engineer to ensure that the building was planned and constructed according to the projected load.
One must verify that the developer's specifications are included in the purchase agreement. The nature of the land, including the elevation of the land above the access road, the height of the land above sea level or river level, and the height of the land from the highest flood level, must be evaluated. Also read - How to Design Your Own Home
Tip 7 – Growth in the value of property
Real estate is one of the few investments that may provide returns that exceed the rate of inflation. Infrastructure development plays a crucial function in this respect in price appreciation. Any new connection, transport, road, or transit centre will operate as a development driver, as it is anticipated that they would attract more people and, in turn, increase demand.
The surrounding and on-site infrastructure of a residential property plays a crucial role in determining its present and future worth. For instance, the roads leading into and out of the community should be well-constructed and well-maintained, Decent schools and hospitals are accessible, adequate hygiene is maintained, proper vegetation, etc.
Tip 8 – Rental value of the property
Rents are a reliable and steady technique of producing money in addition to being a rising source of revenue. The prospective buyer of the flat of his or her dreams should first do a market analysis by analysing recent sales and rentals of comparable flats in the neighbourhood over a certain amount of time.
These values may be established by attributes such as the number and size of bedrooms and bathrooms, pools, terraces, kind of locality in which the property is situated — everything that defines and distinguishes a property. While doing so, all risk considerations must be taken into account. For instance, renting a property in a high-crime area will generally necessitate greater safety steps than rental property in a gated community.
Tip 9 – Road Connectivity to other areas
Connectivity is a crucial factor in the home-buying decision-making process. The cost and difficulty of commuting from a distant location might be substantial. Consequently, if you intend to purchase an apartment in India, verify that it has convenient access to public transportation, such as the metro, buses, auto-rickshaws, and taxis.
Equally crucial is road connectivity to major roads and expressways. Also, ensure that the location of your new property is at the appropriate distance from the city's airport or train station. The consumer might choose between the two based on which of these is visited most frequently. Don't forget to inquire about the presence of a commercial centre or social infrastructure within the housing colony. The closer these locations are to your flat, the better.
Tip 10 – Parking facility and other amenities
Amenities and open spaces serve the objective of resolving the difficulty of engaging distinct demographics in a variety of ways. In relation to this, covered parking is a crucial consideration while selecting an apartment. One may inquire about the availability and cost of additional parking.
It is dangerous to park your automobile in unguarded locations outside your building. Other amenities, such as a specific play area for children, are required. In addition, a Gym/Sports Facilities/Clubhouse is a necessity for the majority of projects nowadays. When purchasing a flat, people should also consider security elements such as alarms, fences, deadbolt locks, CCTV cameras, and security guards to ensure the safety of himself/herself and their dear ones.
Conclusion
An excessively hectic and disorganised way of life is the result of several factors, including packed work schedules, congested public transit, and rising pollution levels. Therefore, Apartment buyers like to make their purchases in a calm and stress-free environment, so finding a home that is completely issue and danger-free is the best alternative for them.
Customers are cautioned to make decisions based only on the information they already possess and not to let themselves be misled by the exaggerated claims made by real estate agents. The purchase of real estate often involves a number of steps and calls for extensive planning. As a result of the fact that the bulk of the money we make goes toward the improvement of our home, it is the most precious asset we possess. Hence, Keep the above considerations in mind as you look for flats in Alwar that meets all of your needs.
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Neetish Sarda Father - Ghanshyam Sarda - A Successful Businessman
Mr. Ghanshyam Sarda is the proud father of Neetish Sarda, the youngest entrepreneur of India. Mr. Sarda is a Calcutta-based businessman, who was born in August 1959. Ghanshyam entered the family business after graduating from St. Xavier's College in Kolkata, ignorant of his potential as a future billionaire. He concentrated all of his efforts on the jute sector, which had formerly been India's largest export earner.
Employees, investors, and everyone else who was involved in the jute business at that time lost their investments. Ghanshyam gathered all his strength and resurrected nine dying jute mills from the rubble of the failing industry and Since then, there has been no turning back. The Sarda Group now controls a 20% portion of India's revived jute sector. After that Mr. Sarda was unstoppable and purchased a shuttered seafood processing facility in Raichak, West Bengal, in 1994. This had previously been leased by the United States' Union Carbide Corporation and promoted by the West Bengal government with World Bank funding in 1982. This unit has turned a new leaf under the leadership of Ghanshyam Sarda, and is now the largest seafood processor in West Bengal, as well as one of India's top quality-certified factories, with EU registration and HACCP certification from the US Food and Drug Administration.
The Sarda Group of Industries is based in Kolkata and has offices throughout West Bengal. Currently, the company has eight jute mills that generate about 500 tonnes of jute goods each day. The Jute Mill, which was recently established in Alwar, Rajasthan, is expected to cost Rs 100 crore. The Sarda Group was also the first in India to set up professional training facilities for staff of jute mills. Sarda Group presently employs over 50,000 people and is one of West Bengal's largest employers. In addition to business, Mr. Sarda has contributed to the state in a multitude of ways, including events, sports, and public affairs. Sarda's work has also been appreciated by many prominent governmental personalities.
Ghanshyam was also involved in the founding of the Ram Dev Sarda Maha Vidyalaya in the Purnea district of Bihar, as part of his desire to help others. This management college, created by the Sarda Group's Chandrakala Devi Sarda Charitable Trust, is inspired by Late Mr. Shiwlal Sarda's conviction in giving back to nature, society, and the environment what we have taken from it. Each year, the college enrolls around 5000 students. He has also committed to a five-crore investment in a trauma centre in Bikaner. It's a Rs.25.00 crore emergency health care initiative funded by the Rajasthan government and this trauma center will be dedicated to Mr Sarda's deceased parents.
While being a great businessman, Mr. Sarda is a great father too. The way he helped his son in fulfilling his dream and creating a business with all new ideas, was a tremendous job. He has supported his son in the development of a fully serviced office facility that would revolutionize workspace alternatives. Thus Neetish started his journey with the guiding principles of his father and founded Smartworks in 2016, which is now a leading company in coworking spaces. Smartworks believes space is one of the transformational components of business that may help people reach their full potential by allowing them to work smarter and better in a shared area.
Mr.Ghanshyam Sarda is a source of inspiration for millions of people today. He re-established his position as a fountainhead of enormous knowledge and positive ideas with his speech on survival instinct at the IIEST College Alumni Association's meet. “Knowledge is not power; knowledge is simply potential power,” he says. When you take decisive action on it, it changes into genuine power. Understanding what to do next is crucial, but knowing how to accomplish it is much more important.”
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Business Registration Price in Rajasthan
Have you need of Company Registration in Rajasthan, and then this is the exact place for you. There are a lots of categories of business entity, which you can incorporate in Rajasthan, like Nidhi Company, Limited Liability Partnership Firm, Producer Company, Private Limited Firm, One Person Company, Section 8 Company, Sole Proprietorship, Non Governmental Organization (NGO), Partnership Company, Limited Company, etc. Rajasthan is one of the fastest growing State of Rajasthan and there are a lots of clients in Rajasthan who has enrolled Firm from Finance Bazaar. Currently Finance Bazaar is the one of the Best Company registration service provider in Rajasthan, you can also visit FinanceBazaar reviews on Google. As we all know Rajasthan is one of the fastest rising state in India where you can do your business smoothly. Business registration in Rajasthan is not an easy process for each and every one, because there are so many processes that you must have to follow and there are so many different legal documentations that you must need to fulfill for complete Firm incorporation. But you have not to stress about anything, because Finance Bazaar is doing online Business enrollment service in Rajasthan which you do not have to do anything. client have to give only documents and Gov Fees and financebazaar.com will care of rest. Basically Business formation proceedings takes 7 to 10 working days that rest depends on client co-operation.
In this blog you will get Every information about Cheapest Firm Registration Services Provider in Rajasthan
What FBAZAAR will provide
PAN and TAN
MOA and AOA
Digital Signature Certificate (DSC) For All Directors
Certificate of Business establishment
Share Certificates
GST Number (If want)
As follows Information recommended for Firm formation in Rajasthan
Business Name: - The Firm name which you want to enroll will be decided by your side, but there are so many conditions for deciding the Company name. You can not use general words and those words that are before established or trademarked can not be admissible. FBAZAAR Best Chartered Accountant will instruct you even in choosing Firm name.
Authorized Capital: - Minimum 1 Lakh Authorized money is compulsory for Firm formation in Rajasthan . You can spread it as per your requirement. But if you will spread authorized money, greater than 10 Lakh, then registration duty will even expand.
Paid-up Capital: - You can take off your Company from One Rupee paid-up amount in Rajasthan and you can expand it as you require, but you should remember the paid-up money amount whole time below than the Authorized money.
Number of Directors: - Minimum two directors required for Private Limited Company and only single director for One Person Company. In PVT LTD Company you can enhance the number of directors till 15.
Business Activity: - This is an main segment of your Business, your business activity will identify the business class in which your Business name will be enrolled and it will as well noted in MOA and AOA.
Office location: - The office place where you need to enroll your Business.
Each and Every Directors mail id and phone number: - Each and Every director email id and mobile number necessary for Digital Signature and DIN (Director Idetification Number).
Documents Need for Firm establishment in Rajasthan
These are some following papers that you have to submit for Business incorporation in Rajasthan:
Aadhar Card/Voter Card/Driving License/Passport of Each Directors
Pan Card of Each and Every Directors
One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof
Updated Bank Statement of Every Single directors/Any Current bill for address proof of All directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.
Photographs of Each and Every directors.
For GST Registration Rent Agreement Between company name and owner of the property where company has registered.
Charges for Firm enrollment in Rajasthan
Company Registration Fees in Rajasthan is aproximately Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can fluctuate as per your demand. If we speak about fee scale, then as of the beginning 1000 rupees goes to the Government for Company name applying and you have two possibilities for your Business name approval, if your Firm name is specific, then it can be permitted in first try. If two times your Firm name has rejected, then you must required to pay 1000 rupees once again to the Gov for re-apply another one name application. After Company name authorization you must required to pay Gov registration duty that can be fluctuate as per your Authorized capital or state rules. Every states have own rules also Rajasthan about registration fee for Company formation. If you require two directors in your Company, then estimated 500 Rupees Every Single director Cost for DSC, if directors will increase, then the DSC Charges will also increase appropriately. PAN & TAN Fees also collect by Gov that will not be fluctuate. And ending our professional charges includes for doing and preparing all documents, paper work and additional activity.
financebazaar.com provided As follows services in Rajasthan
NGO Registration
Section 8 Company Compliances
Trademark Registration
Producer Company Registration
LLP Registration
Section 8 Foundation Registration
FCRA Registration
LLP Annual Compliance Service
Sole Proprietor Registration
12A 80G Registration
Private Limited Company Registration
Nidhi Company Registration
Partnership Firm Registration
GST Registration
One Person Company Compliances
Producer Company Compliances
Private Limited Compliance
Startup India Registration
GST Return Filing
Food License (FSSAI) Registration
Import Export Code | IEC Certification
DIN Activation
GST Surrender
Nidhi Company Compliances
NGO Compliances
Change Company Name
ISO Certification
Change, Add or Remove Company Director
One Person Company Registration
Change Company Address or Registered Office
Public Limited Company Registration
Trust Registration
MSME Udyog Aadhaar Registration
Close or Winding Up Of a Company
Copyright Registration
Digital Signature Certificate
Director KYC Verification
Company Registration
Public Limited Company Compliances
Commencement of Business Certificate
Income Tax Return Filing
Chartered Accountant Consultation
Society Registration
Finance Bazaar offer All services overall in India as well as Rajasthan in Each places like Mandawa, Udaipurwati, Banswara, Taranagar, Sagwara, Sadri, Bhusawar, Neem-Ka-Thana, Churu, Nohar, Alwar, Jodhpur, Barmer, Jaisalmer, Dausa, Rajsamand, Ratangarh, Losal, Rajgarh (Churu), Pratapgarh, Lachhmangarh, Todabhim, Nagar, Sanchore, Mount Abu, Dungarpur, Bikaner, Todaraisingh, Nokha, Nagaur, Sambhar, Chittorgarh, Jhunjhunu, Sumerpur, Pilani, Mandalgarh, Dholpur, Ajmer, Rawatsar, Makrana, Sikar, Phulera, Jhalawar, Bhaiseena, Sri Madhopur, Lalsot, Rawatbhata, Ramganj Mandi, Nimbahera, Niwai, Mangrol, Lakheri, Pipar City, Merta City, Kota, Raisinghnagar, Degana, Phalodi, Rajaldesar, Takhatgarh, Sirohi, Sojat, Rajgarh (Alwar), Baran, Nadbai, Pilibanga, Bharatpur, Ganganagar, Vijainagar, Ajmer, Sawai Madhopur, Bhilwara, Pali, Ramngarh, Suratgarh, Jaipur, Sri Ganganagar, Pindwara, Shahpura, Kota7, Bundi, Ladnu, Prantij, Rajasthan, Sardarshahar, Sangaria, Tonk, Nathdwara, Karauli, Sadulshahar, Reengus, Jalore, Nasirabad, Hanumangarh, Malpura, Sujangarh, Rajakhera, Udaipur, Sheoganj, etc.
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Why UK accounting firms should outsource to India?
Key deciding factors and understanding
A company, irrespective of its size, needs to flourish, be productive and profitable for its steadfastness and financial stability. It is imperative for a company to own a team of qualified and expert accountants to boost the business processes and maintain a consistent growth. However, this could be expensive and labour intensive. Along these lines, it is smarter to seek support from an accomplished outsourced service provider.
UK accounting firms are found to be progressively choosing Indian outsourcing vendors for their tax preparation services. The primary reason being the cheap labour. Moreover, accounting service providers in India augment value and incentives by extending quality services.
With the expeditious advancement in most of the major industry verticals, an ever-increasing number of companies, who have rapidly emerged are on the lookout for reliable accounting service providers. Outsourcing to India is accompanied by a series of advantages which can benefit a company in a substantial way.
Some of the vital factors as to why UK accounting companies should contemplate outsourcing to India include:
Tremendous Cost Savings
This is a standout amongst the most evident reasons for outsourcing tax return work. The cost of a talented and skilled workforce in India is much lesser in contrast to other countries. Despite the fact that outsourcing is inexpensive, there is no paucity of skillful and superior quality resource to deliver best-in-class services.
Time Zone Privilege
We as a whole realize that time is money. Because of the highly advantageous time zone, service providers across India are constantly accessible all throughout the day. This is an extraordinary preferred standpoint for the UK accounting firms to gain 24X7 admittance to exceptionally gifted professionals, who provide first-rate services to their clients within a fast turnaround time of 24-48 hours.
Because of the narrow time difference of 4.5 hours between India and the UK, a tax return dispatched in the late evening hours can be processed and completed in time for a review next morning by the UK firm.
Professional Bookkeepers and Accountants
India ranks top in the rundown to the most favoured outsourcing destinations around the world. It boasts of being one of the biggest talent-houses for expert accountants and bookkeepers and payroll service providers in uk. You can access this large reserve of expertise and complete your work in a well-timed and orderly manner.
Information Security Policies
With business growth, one of the real concerns for a company becomes the maintenance of the security of the accounts and records. This indicates ensuring a safe and secure client data.
Therefore, before proceeding on a partnership with an outsourcing service provider in India, conduct the necessary due diligence concerning general data security. Ensure that the outsourced vendor follows globally recognized security standards like ISO 27001, is General Data Protection Regulation (GDPR) compliant, preferably with a BS 10012:2017 framework and maintains robust non-disclosure agreements.
Outsourcing to India will guarantee exclusively that your every detail, client information, document and other private information is safeguarded and secured in databases.
Easy Scalability
While choosing India as an outsourcing partner for your accounting needs, it ends up less demanding for you to scale your practice up or down in accordance with the busy and lean periods in a short and fixed turnaround time, with flexible and systematic provisions which service providers in India offer.
In addition, accountants that have successfully managed the outsourcing of their tax preparation work are most likely to stay away from hiring additional staff during the influx of filing self-assessment tax returns.
Keep Frauds under Scrutiny
Outsourcing to India can aid you in preventing any sort of misrepresentation or fraudulent activity by any employee of an organization. Every service provider in India is responsible for every transaction pertaining to your accounting requirements and offers you the assurance to get the best quality outcomes.
High Level of Precision and Accuracy
For any UK accounting firm, it can be an extremely beneficial initiative to outsource accounting services to India as it guarantees distinctly accurate results. This high level of precision, thus, will help to proficiently oversee different back-office operations.
Access to New Technologies
Novel and innovative accounting technologies and tools have rapidly transformed the market scenario. A vast majority of these tools and techniques are developed in India. You can avail these most recent accounting and other budgetary instruments and technologies by outsourcing here in India.
Circumvent Account Processing Penalties
Inaccurate account and tax processing can deliver erroneous results and prompt imposition of penalties. You can stay away from these hassles and punitive damages to a significant extent by outsourcing your accounting prerequisites to qualified experts in India.
Focus on Your Key Competencies
Outsourcing accounting administrations to professionals in India can be effective in saving your profitable assets and time considerably. Back-office tasks and operations can be a distracting repetitive function. Outsourcing can provide you ample time to centralize your core competencies and render top-class service experience to your clients.
Why is GDPR pivotal for outsourcing to India?
Working with a non-compliant outsourcing company can expose you to the potential risk of a reputational harm with penalties running significantly up to 4% of a company’s worldwide yearly turnover or €20 million, whichever is higher.
How does a tax outsourcing process work?
The process is pretty simple and can be affected in three major ways:
Working remotely through a virtual and secure technology like VPN, Citrix, RDP or GoToMyPC.
Working on a secure portal of an FTP server whereby all tax documents are properly scanned into the server, gathered, processed by the Indian vendor and reinserted to the portal.
Working in the cloud involves a cloud accounting software that incorporates the login credentials of the accountants which can be accessed by their Indian counterpart to dispatch the tax assessment papers and documents using a secure portal.
How to find and choose the best outsourcing provider?
A careful and meticulous early vetting of a prospective partner is required to ensure dependability and an unwavering quality. Consider your agenda based on the following item checklist.
Perform a thorough background check
Solicit feedback and referrals from colleagues and peers
Interview rigorously various outsourcing vendors
Evaluate their outsourcing prowess and data security
Ratify their fee structure and payment obligations in writing
Assess their working infrastructure
Determine the expertise of their staff
Gauge their technological abilities and acumen
Formulate a governance process and a review mechanism
Prefer vendors who have industry certified affiliations
Select someone who is respectable and transparent in communication.
BY: AMIT AGARWAL
+44 (0) 330 057 8597
London
Suite 7, First Floor, Amba House, 15 College Road, Harrow Middlesex - HA1 1BA Registration No: 10746177
India Gurugram Unit No.110-111, Spaze IT Park, Tower b4, Sohna Road, Gurugram, Haryana - 122001Rajasthan 91-92, Jai Complex, Alwar, Rajasthan, India -301001
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New Post has been published on Jav Leech
New Post has been published on https://javleech.com/five-tech-upgrades-to-ease-your-commercial-enterprise-sports/
Five tech upgrades to ease your commercial enterprise sports
The recent past has visible a wave of technological improvements which have genuine potentials to enhance the convenience of doing business. Ranging from voice and fingerprint reputation to the transition of India into a digital economic system, those technological enhancements can help deliver a primary rise to the monetary sports.
Here are a number of the cutting-edge tech improvements taken up via primary industry gamers to hold their business fashions in sync with the changing tech and consequently, achieve better yields in scale and increase.
1. Digital payments
India is witnessing a shift to digitization, with clients resorting to online charge. It turned into time that the small and medium dealers come online too and take the virtual plunge to come to be a part of the mainstream financial system. Recently, IndiaMART entered the payments area, beginning gateways for over 3 million sellers associated with the organization to leap on to the digital bandwagon. The company has released its buyer and supplier protection program to be able to allow the sellers to stay free from the concern of free threat and guarantee the consumers that they may acquire exactly the service or product they expect earlier than the price is made. Since the pilot release of online bills, there was a week-on-week increase of 100 percent and more than 20,000 consumers and suppliers have already registered for it.
2. Artificial Intelligence (AI)
With AI being taken into consideration as the destiny of era, Staqu created VGrep API suite, presenting digital seek engine and a hybrid recommendation engine. It recently launched a Pilot venture with Alwar Police with the aid of developing an app for cops – ABHED (Artificial intelligence Based Human Efface Detection), a complicated AI app to help police in criminal identity registration, tracking and missing men and women? Seek.
3. Iris Technology
Bringing iris detection into its operations, Delta ID targets to make the iris in our eyes a mystery password that no individual will ever bear in mind. The enterprise?S patented biometric generation, ActiveIRIS is the sector’s first iris recognition era that can be without problems incorporated into mass market cellular and PC devices and is extraordinarily smooth for clients to use. With ActiveIRIS, all users must do is to simply appear to liberate their cellular gadgets, log into diverse websites, make the internet or cellular charge or do an Aadhaar authentication or KYC.
For clients, the natural and idiot-evidence eye-primarily based identity generation is noticeably fast, easy to apply while being safe and at ease, if compared to different identification mediums current in the space which include passwords, passcodes, face reputation and finger-print popularity, which relies upon on several outside elements.
4. Geo fencing
Be U Salons uses Geo Fencing, that is like growing a virtual geographic boundary around a place, by way of GPS or RFID technology, permitting software to trigger a reaction whilst a cell tool enters or leaves the area. It sends a notification to the client registered via the app that ‘Hey we noticed you were right here, come avail this provider’.
5. AMP
Using the AMP generation, customers of NoBroker, a real-property portal can seamlessly find their houses. AMP supports the concept of an ‘organized reality zone’ in India in which house proprietors and capacity tenants both needn’t require tech-skills for an unbroken trade.
Computer Upgrade: Not Always a Wise Choice?
So, you are deliberating doing a laptop improve. Are you certain about it? You should recognize that there are lots of factors that you need to remember before upgrading your pc. Here are some of them:
1. Do now not bounce into and which you want to do a computer improve simply due to the fact you have heard that there is a brand new or stepped forward model of specific software program established to your pc. You need to weigh things first. Ask yourself these questions: Do you really want it? Will it work to your advantage? Or will you just waste your cash? For instance, in case you are a contract Web dressmaker, it’ll definitely advantage you if you boom the memory of your unit. However, in case you are simply one in all those who personal a laptop for social networking use, it isn’t practical with a purpose to do a pc improve.
2. Does your laptop be afflicted by too many repair troubles? If yes, do no longer improve it. Obviously, what you want is a restore-or a present day unit. True, extra frequently than now not, it’s miles better to buy a new pc than having it repaired or upgraded. Or else, you may spend greater than you expect.
Three. Ask someone in authority in case your unit, in reality, require a pc improve. Have a laptop technician take a look at your system. He or she has the expertise and ability to determine this.
4. You may want to become innovative for an exchange. Instead of calling any person to decide on a pc improve, why no longer perform a little research over the Internet approximately the troubles that you are encountering along with your laptop? You will, in reality, be able to discover one which answers your questions.
Five. Before having your unit checked if it fits a laptop upgrade, makes sure which you have your vital facts backed up. Yes, you have to do that due to the fact you will in no way understand, your laptop can also encounter the problem the moment it’s far examined.
6. More importantly, ensure which you have your cash prepared. Do no longer entertain the concept of upgrading your computer or shopping for a present day one if you recognize that you have sufficient money or else, you will only waste the time of the individual that will check your computer.
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Five tech upgrades to ease your commercial enterprise sports
New Post has been published on https://javleech.com/five-tech-upgrades-to-ease-your-commercial-enterprise-sports/
Five tech upgrades to ease your commercial enterprise sports
The recent past has visible a wave of technological improvements which have genuine potentials to enhance the convenience of doing business. Ranging from voice and fingerprint reputation to the transition of India into a digital economic system, those technological enhancements can help deliver a primary rise to the monetary sports.
Here are a number of the cutting-edge tech improvements taken up via primary industry gamers to hold their business fashions in sync with the changing tech and consequently, achieve better yields in scale and increase.
1. Digital payments
India is witnessing a shift to digitization, with clients resorting to online charge. It turned into time that the small and medium dealers come online too and take the virtual plunge to come to be a part of the mainstream financial system. Recently, IndiaMART entered the payments area, beginning gateways for over 3 million sellers associated with the organization to leap on to the digital bandwagon. The company has released its buyer and supplier protection program to be able to allow the sellers to stay free from the concern of free threat and guarantee the consumers that they may acquire exactly the service or product they expect earlier than the price is made. Since the pilot release of online bills, there was a week-on-week increase of 100 percent and more than 20,000 consumers and suppliers have already registered for it.
2. Artificial Intelligence (AI)
With AI being taken into consideration as the destiny of era, Staqu created VGrep API suite, presenting digital seek engine and a hybrid recommendation engine. It recently launched a Pilot venture with Alwar Police with the aid of developing an app for cops – ABHED (Artificial intelligence Based Human Efface Detection), a complicated AI app to help police in criminal identity registration, tracking and missing men and women? Seek.
3. Iris Technology
Bringing iris detection into its operations, Delta ID targets to make the iris in our eyes a mystery password that no individual will ever bear in mind. The enterprise?S patented biometric generation, ActiveIRIS is the sector’s first iris recognition era that can be without problems incorporated into mass market cellular and PC devices and is extraordinarily smooth for clients to use. With ActiveIRIS, all users must do is to simply appear to liberate their cellular gadgets, log into diverse websites, make the internet or cellular charge or do an Aadhaar authentication or KYC.
For clients, the natural and idiot-evidence eye-primarily based identity generation is noticeably fast, easy to apply while being safe and at ease, if compared to different identification mediums current in the space which include passwords, passcodes, face reputation and finger-print popularity, which relies upon on several outside elements.
4. Geo fencing
Be U Salons uses Geo Fencing, that is like growing a virtual geographic boundary around a place, by way of GPS or RFID technology, permitting software to trigger a reaction whilst a cell tool enters or leaves the area. It sends a notification to the client registered via the app that ‘Hey we noticed you were right here, come avail this provider’.
5. AMP
Using the AMP generation, customers of NoBroker, a real-property portal can seamlessly find their houses. AMP supports the concept of an ‘organized reality zone’ in India in which house proprietors and capacity tenants both needn’t require tech-skills for an unbroken trade.
Computer Upgrade: Not Always a Wise Choice?
So, you are deliberating doing a laptop improve. Are you certain about it? You should recognize that there are lots of factors that you need to remember before upgrading your pc. Here are some of them:
1. Do now not bounce into and which you want to do a computer improve simply due to the fact you have heard that there is a brand new or stepped forward model of specific software program established to your pc. You need to weigh things first. Ask yourself these questions: Do you really want it? Will it work to your advantage? Or will you just waste your cash? For instance, in case you are a contract Web dressmaker, it’ll definitely advantage you if you boom the memory of your unit. However, in case you are simply one in all those who personal a laptop for social networking use, it isn’t practical with a purpose to do a pc improve.
2. Does your laptop be afflicted by too many repair troubles? If yes, do no longer improve it. Obviously, what you want is a restore-or a present day unit. True, extra frequently than now not, it’s miles better to buy a new pc than having it repaired or upgraded. Or else, you may spend greater than you expect.
Three. Ask someone in authority in case your unit, in reality, require a pc improve. Have a laptop technician take a look at your system. He or she has the expertise and ability to determine this.
4. You may want to become innovative for an exchange. Instead of calling any person to decide on a pc improve, why no longer perform a little research over the Internet approximately the troubles that you are encountering along with your laptop? You will, in reality, be able to discover one which answers your questions.
Five. Before having your unit checked if it fits a laptop upgrade, makes sure which you have your vital facts backed up. Yes, you have to do that due to the fact you will in no way understand, your laptop can also encounter the problem the moment it’s far examined.
6. More importantly, ensure which you have your cash prepared. Do no longer entertain the concept of upgrading your computer or shopping for a present day one if you recognize that you have sufficient money or else, you will only waste the time of the individual that will check your computer.
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Text
Five tech enhancements to ease your business activities
New Post has been published on https://mediafocus.biz/five-tech-enhancements-to-ease-your-business-activities/
Five tech enhancements to ease your business activities
The recent past has visible a wave of technological advancements that have actual potentials to enhance the benefit of doing business. Ranging from voice and fingerprint popularity to the transition of India into a virtual financial system, those technological enhancements can help supply the first-rate increase to the economic sports.
Here are some of the present day tech enhancements taken up by most important enterprise gamers to maintain their business models in sync with the converting tech and consequently, obtain better yields in scale and increase.
1. Digital payments
India is witnessing a shift to digitisation, with clients resorting to the online price. It turned into time that the small and medium dealers come online too and take the virtual plunge to grow to be the part of the mainstream financial system. Recently, IndiaMART entered the payments space, establishing gateways for over three million dealers associated with the organization to leap on to the digital bandwagon. The organisation has released its client and seller safety program on the way to allow the sellers to remain unfastened from the priority of free chance and guarantee the shoppers that they’ll obtain precisely the services or products they assume earlier than the payment is made. Since the pilot release of online payments, there has been every week-on-week growth of 100 percent and extra than 20,000 consumers and providers have already registered for it.
2. Artificial Intelligence (AI)
With AI being taken into consideration as the future of technology, Staqu created VGrep API suite, providing digital seek engine and a hybrid recommendation engine. It recently released a Pilot task with Alwar Police through growing an app for law enforcement officials – ABHED (Artificial intelligence Based Human Efface Detection), an advanced AI app to assist police in criminal identification registration, tracking and lacking humans? Search.
3. Iris Technology
Bringing iris detection into its operations, Delta ID objectives to make the iris in our eyes a mystery password that no man or woman will ever need to recollect. The company?S patented biometric technology, ActiveIRIS is the arena’s first iris popularity technology that may be without problems integrated into mass market cellular and PC devices and is extremely clean for consumers to apply. With ActiveIRIS, all customers must do is to just look to free up their cellular gadgets, log into various websites, make an online or cell charge or do an Aadhaar authentication or KYC.
For purchasers, the natural and fool-proof eye-based identification technology is surprisingly speedy, easy to apply whilst being safe and relaxed if in comparison to different identification mediums existing in the space along with passwords, passcodes, face recognition and fingerprint recognition, which relies upon on numerous outside elements.
Four. Geo fencing
Be U Salons uses Geo Fencing, that’s like developing a virtual geographic boundary around a place, with the aid of GPS or RFID era, enabling software to cause a reaction while a cellular device enters or leaves the vicinity. It sends a notification to the patron registered thru app that ‘Hey we noticed you had been here, come avail this carrier’.
5. AMP
Using the AMP generation, customers of NoBroker, an actual-property portal can seamlessly discover their homes. AMP supports the concept of an ‘organised reality zone’ in India where house proprietors and potential tenants each need not require tech-competencies for an unbroken alternate.
Optimize Your Business Results by using Igniting Motivation and Focusing on Your Mission
There’s not anything like a crystallized Mission to clean your vision and assist you awareness on best the applicable tasks to be able to make that overriding aim a reality. By first defining a Mission Statement that you can wholeheartedly commit to and discover with, you shield yourself against the Time Bandits like Uncertainty and Busy Work on the way to leech away your energy and concentration.
Now, many in our business wreck their Mission down into two statements: one defines their purpose and the opposite is their private motivator that gets them up in the morning.
For instance:
My Mission is…
To make the buying and selling of actual estate as fee-effective as possible, at the same time as retaining the highest level of career. To offer accurate and updated statistics, skilled evaluation and sound real estate recommendation. To usually discover new thoughts and generation, to make the selling and buying of real estate quicker, less high priced, and easier for the customer.
My Future Vision is…
To be the main Real Estate Agent from North to South Richmond, continually exceeding my customers’ expectancies and providing them with a very effective carrier experience.
In short: to offer the fine career and to be recognized for it.
You’ll notice that neither declaration mentions cash. Do you surprise why?
The money would not motivate. What you can do with it would, at least for some time, but ultimately there needs to be extra to live in case you’re going to hold playing what you do and being rewarded for it.
Enjoying the commercial enterprise is motivating. Learning new things, interacting with superb human beings, setting collectively creative deals – now, it’s motivating. Not wasting a while on extraneous duties is motivating. And, in case you conquer those goals, you’ll be a fulfilment and LOVE doing it.
Let’s take a look at how you may optimize some time and live excited in this business:
Define Your Mission to Reflect Your Goals and Values: What do you need your business to obtain? How do want human beings to think of you? Don’t get sidetracked via specializing in how much you may make or how soon you can retire – the ones ideas might not sustain success. Instead, give attention to developing your agency as a complementary mirrored image of the first-rate version of your self. As an agent, you are in the business of assisting human beings to come domestically. You facilitate them in reaching the lifestyles they want and, along with the manner, you acquire the rewards within your own lifestyles.
Once you are clear about your desires and direction, you may store your self-inordinate quantities of time. From this factor ahead, whilst confronted with a brand new selection, you can truly refer back to your Mission and ask your self, does it suit? You now additionally have an encapsulation of your enterprise that you can offer to clients if they are uncertain about your values.
Get Comfortable Saying “No” to the Time Bandits: Success draws attention from all way of resources and, mainly if you’re a ‘humans character,’ you’ll be approached with several requests in your time. To stay inspired, powerful and efficient, you may need to say “NO” (with politeness) more often. It will become less complicated with practice although, in the beginning, you will discover your self regularly referring to your Mission and Purpose for clarity. In the stop, you may discover that your very own respect on your time and desires might be pondered by means of folks that come to you. Finally, they may apprehend what you are about and what you fee in lifestyles and commercial enterprise.
Learn from Everything and Keep Exploring: Every mistake or disappointment holds a lesson inside if you pick out to analyse it. And, when you do, you shop time by not repeating that poor revel in. Often, such analysis will even discover new thoughts and, in case you’re extreme approximately building your business, you may need lots of them as possible:
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Aadhaar: Ushering in a Commercialized Era of Surveillance in India
Since last year, Indian citizens have been required to submit their photograph, iris and fingerprint scans in order to access legal entitlements, benefits, compensation, scholarships, and even nutrition programs. Submitting biometric information is needed for the rehabilitation of manual scavengers, the training and aid of disabled people, and anti-retroviral therapy for HIV/AIDS patients. Soon police in the Alwar district of Rajasthan will be able to register criminals, and track missing persons through an app that integrates biometric information with the Crime and Criminal Tracking Network Systems (CCTNS).
These instances demonstrate how intrusive India’s controversial national biometric identity scheme, better known as Aadhaar has grown. Aadhaar is a 12-digit unique identity number (UID) issued by the government after verifying a person’s biometric and demographic information. As of April 2017, the Unique Identification Authority of India (UIDAI) has issued 1.14 billion UIDs covering nearly 87% of the population making Aadhaar, the largest biometric database in the world. The government asserts that enrollment reduces fraud in welfare schemes and brings greater social inclusion. Welfare schemes that provide access to basic services for marginalized and vulnerable groups are essential. Unlike countries where similar schemes have been implemented, invasive biometric collection is being imposed as a condition for basic entitlements in India. The privacy and surveillance risks associated with the scheme have caused much dissension in India.
Identity and Privacy in India
Initiated as an identity authentication tool, the critical problem with Aadhaar is that it is being pushed as a unique identifier to access a range of services. The government continues to maintain that the scheme is voluntary, and yet it has galvanized enrollment by linking Aadhaar to over 50 schemes. Aadhaar has become the de-facto identity document accepted at private, banks, schools, and hospitals. Since Aadhaar is linked to the delivery of essential services, authentication errors or deactivation has serious consequences including exclusion and denial of statutory rights. But more importantly, using a unique identifier across a range of schemes and services enables seamless combination and comparison of databases. By using Aadhaar, the government can match existing records such as driving license, ration card, financial history to the primary identifier to create detailed profiles. Aadhaar may not be the only mechanism, but essentially it's a surveillance tool that the Indian government can use to surreptitiously identify and track citizens.
This is worrying, particularly in context of the ambiguity regarding privacy in India. The right to privacy for Indian citizens is not enshrined in the Constitution. Although, the Supreme Court has located the right to privacy as implicit in the concept of “ordered liberty” and held that it is necessary in order for citizens to effectively enjoy all other fundamental rights. There is also no comprehensive national framework that regulates the collection and use of personal information. In 2012, Justice K.S. Puttaswamy challenged Aadhaar in the Supreme Court of India on the grounds that it violates the right to privacy. The Court passed an interim order restricting compulsory linking of Aadhaar for benefits delivery, and referred the clarification on the nature and scope of privacy to a larger bench. More than a year later, the constitutional bench is yet to be constituted.
The delay in sorting out the nature and scope of privacy as right in India has allowed the government to continue linking Aadhaar to as many schemes as possible, perhaps with the intention of ensuring the scheme becomes too big to be rolled back. The government enacted the 'Aadhaar Act', passing the legislation without any debate, discussion or even approval of both houses of Parliament. In April this year, Aadhaar was made compulsory for filing income tax or PAN number application and the decision is being challnges in Supreme Court. Defending the State , the Attorney-General of India claimed that the arguments on so-called privacy and bodily intrusion is bogus, and citizens cannot have an absolute right over their body! The State’s articulation is chilling, especially in light of the Human DNA Profiling Bill seeking the right to collect biological samples and DNA indices of citizens. Such anti-rights arguments are worth note because biometric tracking of citizens isn't just government policy - it is also becoming big business.
Role of Private Companies
Private companies supply hardware, software, programs, and the biometric registration services for rolling out Aadhaar to India’s large population. UIDAI’s Committee on Biometrics acknowledges that biometrics data are national assets though American biometric technology provider L-1 Identity Solutions, and consulting firms Accenture and Ernst and Young have been involved in the scheme. Under the Aadhaar Act introduces electronic Know-Your-Customer (eKYC) government agencies and private companies can download data such as name, gender and date of birth from the Aadhaar database at the time of authentication. Banks and telecom companies are downloading data to auto-fill KYC forms and to profile users. Over the last few years, the number of companies or applications built around profiling of citizens’ personally sensitive data has grown exponentially.
A number of people linked with creating the UIDAI infrastructure have founded iSPIRT, an organisation that is pushing for commercial uses of Aadhaar. Private companies are using Aadhaar for authentication purposes and background checks. Microsoft has announced SkypeLite integration with Aadhaar to verify users. Others such as TrustId and Eko are integrating rating systems into their authentication services and tracking users through platforms they create. In essence such companies are creating their own private database to track authenticated Aadhaar users which they may sell to other companies. The growth of companies that share and combine databases to profile users is an indication of the value of personal data and its centrality for both large and small companies in India.
Integrating and linking large biometrics collections to each other, which are then linked with traditional data points that private companies hold such as geolocation or phone number enables constant surveillance to take over. So far, there has been no parliamentary discussion on the role of private companies. UIDAI remains the ultimate authority in deciding the nature, level and cost of access granted to private companies. For example, there is nothing in Aadhaar Act that prevents Facebook from entering into an agreement with the Indian government to make Aadhaar mandatory to access WhatsApp or any of its other services. Facebook could also pay data brokers and aggregators to create customer profiles to add to its ever growing data points for tracking and profiling its users.
Security Risks and Liability
A series of data leakages have raised concerns about which private entities are involved, and how they handle personal and sensitive data. In February, UIDAI registered a complaint against three companies for storing and using biometric data for multiple transactions. Aadhaar numbers of over 130 million people and bank account details of about 100 million people have been publicly displayed through government portals owing to poor security practices. A recent report from Centre for Internet and Society (CIS) showed that a simple tweaking of URL query parameters of the National Social Assistance Programme (NSAP) website could unmask and display private information of a fifth of India's population.
Such data leaks pose a huge risk as compromised biometrics can never be recovered. The Aadhaar Act establishes UIDAI as the primary custodian of identity information, but is silent on the liability in case of data breaches. There is Act is also unclear about notice and remedies for victims of identity theft and financial frauds and citizens whose data has been compromised. UIDAI has continued to fix breaches upon being notified, but maintains that storage in federated databases ensures that no agency can track or profile individuals.
After almost a decade of pushing a framework for mass collection of data, the Indian government has issued guidelines to secure identity and sensitive personal data in India. The guidelines could have come earlier and given large data leaks maybe redundant. Nevertheless, it is reassuring to see practices for keeping information safe and the idea of positive informed consent being reinforced for government departments. To be clear, the guidelines are meant for government departments and private companies using or seeking to use Aadhaar for authentication, profiling and building databases fall outside its scope. With political attitudes to corporations exploiting personal information changing the world over, the stakes for establishing a framework that limits private companies commercializing personal data and tracking Indian citizens are as high as they have ever been.
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Trakintax Alwar: Your Trusted Partner in CA Education
Trakintax Alwar stands as your reliable ally in CA education, offering comprehensive guidance and support. With a commitment to excellence, we empower students to excel in their accounting careers. Trust Trakintax Alwar for top-tier CA education solutions and unlock your full potential today.
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ONE PERSON COMPANY REGISTRATION OR OPC REGISTRATION
ONE PERSON COMPANY REGISTRATION OR OPC REGISTRATION
One Person Company is defined in Sub- Section 62 of Section 2 of The Companies Act, 2013, which reads as follows:
'One Person Company means a company which has only one member'
An OPC is incorporated as a private limited company, where there is only one member and prohibition in regard to invitation to the public for subscription of the securities of the company.
The Salient features of an OPC REGISTRATION include the following:
· Company limited by sharesØ Company limited by guarantee.ØAn OPC can be formed under any of the categories
· Prohibits any invitations to public to subscribe for the securities of the company.Ø Restricts the right to transfer its shares
· An OPC is required to give a legal identity by specifying a name under which the activities of the business could be carried on. The words 'One Person Company' should be mentioned below the name of the company, wherever the name is affixed, used or engraved.
· The member of an OPC has to nominate a nominee with the nominees written consent, and file it with the Registrar of Companies (RoC). This nominee in the event of death or in event of any other incapacity, shall become a member of an OPC.
One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company. Also, a One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies.
Privileges of One Person Companies REGISTRATION
OPC enjoy the following privileges and exemptions under the Companies Act:
· They do not have to hold annual general meetings.
· Their financial statements need not include cash flow statements.
· A company secretary is not required to sign annual returns; directors can also do so.
· Provisions relating to independent directors do not apply to them.
· Their articles can provide for additional grounds for vacation of a director’s office.
· Several provisions relating to meetings and quorum do not apply to them.
· They can pay more remuneration to directors than compared to other companies.
Documents required FOR OPC REGISTRATION OR ONE PERSON COMPANY REGISTRATION
· Identity and Address Proof of the Director
· Identity and Address Proof of the Nominee who shall be the member in case of misshaping
· Obtaining the consent of the Nominee
· Email id / Contact No of the Directors and Nominee
· Passport Size Photo of the Directors or Members
· Utility Bill for the registered Office (not more than 2 months)
· No Objection Certificate from the Owner
Filing of the Necessary Forms with the Ministry
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PARTNERSHIP REGISTRATION or PARTNERSHIP COMPANY REGISTRATION
PARTNERSHIP REGISTRATION or PARTNERSHIP COMPANY REGISTRATION
Partnership Registration can be obtained for any association of people who join together for a business purpose and to share the profits. All partnership firms are regulated by the Indian Partnership Act, 1932, and as per this provision, The Registration of partnership is optional. But a partnership firm cannot avail legal benefits if it is not registered, hence it is always advisable to register it. Documents required for partnership formation (whether registered or not) are:-
· A partnership Deed duly signed and Notarized bearing the name and Address of the Partnership firm along with the rights and Duties.
· Stamp Duty Payment Challan
· Utility Bill (ownership Document such as House tax receipt., Water Bill, Electricity bill)
· Identity Proof and Address Proof of the Partners
· Affidavit by each of the Partners
· NOC from the landlord or Rent Agreement to use the premise as the Regd Office of the Company.
Following Points should be remembered while Drafting a partnership deed:
A. General Details of Partnership registration:
1. Name, Nature and address of the firm and all the partners
2. Date of starting of business Capital to be contributed by each partner
3. Capital to be contributed by each partner
5. Profit/loss sharing ratio among the partners
B. Specific Details of Partnership Registration:
Apart from these, certain specific clauses may also be mentioned to avoid any conflict at a later stage:
1. Interest on capital invested, drawings by partners or any loans provided by partners to firm
2. Salaries, commissions or any other amount to be payable to partners
3. Rights of each partner, including additional rights to be enjoyed by the active partners
4. Duties and obligations of all partners
5. Adjustments or processes to be followed on account of retirement or death of a partner or dissolution of firm.
6. Other clauses as partners may decide by mutual discussion
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LIMITED LIABILTY PARTNERSHIP REGISTRATION OR LLP REGISTRATION
LIMITED LIABILTY PARTNERSHIP REGISTRATION OR LLP REGISTRATION
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. LLP is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals. LLP is governed by the provisions of the Limited Liability Partnership Act 2008.
Characteristics of LLP REGISTRATION
· The LLP shall be a body corporate and a legal entity separate from its partners
· Every LLP shall have at least two partners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India.
· The LLP shall be governed by the provisions of the LLP Act, 2008 .
· Easy to Incorporate with much more less Compliances as Compared to a Company
· The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP.
· No requirement of minimum capital contribution
· It has a separate legal entity just like companies
Documents of LLP REGISTRATION Partners:
PAN Card/ ID Proof of the Partners
Address Proof of the partners
Residence Proof of Partners
Photograph
Passport (in case of Foreign Nationals/ NRIs)
Documents of LLP REGISTRATION:
Proof of Registered Office Address
Digital Signature Certificate
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