tag:blogger.com,1999:blog-71607236162451826502024-03-12T17:46:43.210-07:00Link2CAstudyUnknownnoreply@blogger.comBlogger266125tag:blogger.com,1999:blog-7160723616245182650.post-2808457701663630082016-02-19T10:04:00.000-08:002016-02-19T10:27:58.654-08:00PAN Mandatory for transaction above 200,000<div dir="ltr" style="text-align: left;" trbidi="on">
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With effect from 1 January 2016, you would have to furnish your Permanent Account Number (PAN) for all transactions above Rs 2 lakhs, irrespective of the mode of payment adopted. This decision by the Indian Finance Ministry is a relaxation from the initial proposal made by Arun Jaitley during the 2015-16 Budget, wherein he motioned to make PAN details compulsory for sale or purchase of any item above Rs 1 lakh.</div>
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The Central Board of Direct Taxes (CBDT) asserted on Tuesday, "The government has received numerous representations from various quarters regarding the burden of compliance this proposal will entail. Considering the representations, PAN will be required for transactions of an amount exceeding Rs 2 lakh regardless of the mode of payment."</div>
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Besides, the Finance Ministry has rationalised monetary limits for specific transactions that require mandatory quoting of PAN. Quoting PAN details is a requisite to open all bank accounts except the Jan Dhan. Landline and mobile connections will also not require quotation of PAN anymore.</div>
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br /></span>
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;">Nature of transaction </strong></span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;">Existing requirement </strong><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong></span>
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Immovable property </span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Transactions worth Rs. 5 lakh or more</span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"> </span></strong><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong></span>
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Time deposit </span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Exceeding Rs. 50,000/-</span><span style="background-color: white; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; text-align: justify;">with any bank</span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Opening of new bank account </span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">All new accounts </span><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Installation of cellphone </span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">All instances </span><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">/telephone </span></strong></span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">connections</span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Hotel/restaurant bills </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Payments exceeding Rs. 25,000/-</span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"> </span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Foreign travel </span></strong><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Cash payment in connection with foreign </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">travel of an amount exceeding Rs. 25,000/-</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">including forex purchase</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Share of companies </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Share purchases worth Rs. 50,000/-</span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">\and more </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"> </span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"> </span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"> </span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Purchase or sale of </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">No requirement </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: center;">goods and services</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">Cash cards/pre-paid </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">No requirement </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">and </span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">Settlement Act</span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; color: black; font-weight: normal; margin: 0px; outline: 0px; padding: 0px; text-align: left; vertical-align: baseline;"><br style="box-sizing: border-box;" /></span></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; color: black; font-weight: normal; margin: 0px; outline: 0px; padding: 0px; text-align: left; vertical-align: baseline;"><br /></span></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: Lato, 'Lato Black', 'Lato Light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border: 0px; box-sizing: border-box; color: black; font-weight: normal; margin: 0px; outline: 0px; padding: 0px; text-align: left; vertical-align: baseline;"><strong style="border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;">Nature of transaction </strong></span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;">New requirement</strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Immovable property </span></strong></span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><span style="font-family: Lato, 'Lato Black', 'Lato Light'; text-align: justify;">Sale/purchase exceeding Rs. 10 lakhs</span> </span></strong><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong></span><span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Time deposit </span></strong></span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">Deposits with co-operative banks,</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">post office, </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Nidhi, NBFC will also</span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">need PAN, deposits aggregating</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Rs. 5 lakh </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">or more per year will </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">need</span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">PAN</span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Opening of new bank account J</span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">an Dhan excluded</span><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong></span><span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Installation of cellphone </span></strong></span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Discontinued</span><br />
<span style="border: 0px; box-sizing: border-box; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">/telephone </span></strong></span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">connections</span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Hotel/restaurant bills </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">Payments exceeding Rs. 50,000/</span><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Foreign travel </span></strong><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Cash payment in connection with </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">travel of an amount exceeding Rs. 25,000/-</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Foreign travel of an amount</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">including forex purchase</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">exceeding Rs. 50,000/- including</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">forex purchase</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Share of companies </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">B</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">uying or selling shares worth Rs. 1 lacs </span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;">\and more </span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">lakh of unlisted companies. v Opening demat account.</span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"> </span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"> </span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"> </span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><br /></span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;">Purchase or sale of </span></strong><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;">Purchase or sale of any good or </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">service exceeding Rs. 2 lakh per</span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">transaction</span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;"> </span><br />
<span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: center;">goods and services</span><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">Cash cards/pre-paid </span></strong><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"><span style="color: black; text-align: left;">Cash payment aggregating to more</span> </span><span style="background-color: white; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px;">than Rs. 50,000/- a year</span><span style="background-color: white; color: #444444; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px; text-align: justify;"> </span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">instruments </span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">under Payment</span></strong><span style="background-color: white; font-family: "lato" , "lato black" , "lato light"; font-size: 14px; line-height: 22px;"> </span><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;"> </span></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"></strong><br />
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">and </span></strong><strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;">Settlement Act</span></strong><br />
<div>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-weight: normal; text-align: left;"><br /></span></strong></div>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong>
<strong style="background-color: white; border: 0px; box-sizing: border-box; color: #444444; font-family: lato, 'lato black', 'lato light'; font-size: 14px; line-height: 22px; margin: 0px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><br /></strong></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-35385608929155701802016-02-19T09:30:00.003-08:002016-02-19T09:35:18.451-08:00Service tax registration procedure<div dir="ltr" style="text-align: left;" trbidi="on">
<h6 style="background-color: white; color: #666666; font-family: Tahoma, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin: 0px 0px 4px; padding: 0px; text-align: justify;">
<strong style="margin: 0px auto; padding: 0px;"><u style="margin: 0px auto; padding: 0px;">PROCEDURE REQUIRED FOR SERVICE TAX REGISTRATION.</u></strong></h6>
<div style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin-left: auto; margin-right: auto; padding: 0px 0px 5px; text-align: justify;">
The application for Service Tax registration has to be filed via <strong style="margin: 0px auto; padding: 0px;"> ST-1 FORM </strong>which can be submitted online.</div>
<div style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin-left: auto; margin-right: auto; padding: 0px 0px 5px; text-align: justify;">
1. First of all assessee has to login on ACES website. Assessee has to fill the <strong style="margin: 0px auto; padding: 0px;">ST-1 FORM </strong>which he will get under <strong style="margin: 0px auto; padding: 0px;">REG</strong>tab.</div>
<div style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin-left: auto; margin-right: auto; padding: 0px 0px 5px; text-align: justify;">
2. On applying for Service Tax Registration online , an assessee is required to take a print of the ST-1 FORM and relevant document to the Commissionerate with whom you are registering yourself.</div>
<div style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin-left: auto; margin-right: auto; padding: 0px 0px 5px; text-align: justify;">
3. The Superintendent shall after verification of <strong style="margin: 0px auto; padding: 0px;">ST-1 FORM </strong>either grant the service tax registration certificate (<strong style="margin: 0px auto; padding: 0px;">ST-2</strong>) to the assessee or send intimation for non acceptance of Service Tax Registration.</div>
<div style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin-left: auto; margin-right: auto; padding: 0px 0px 5px; text-align: justify;">
<span style="line-height: 1.5; margin: 0px auto; padding: 0px;">4. If either of the above 2 option is not exercised within 2 days by the Superintendent </span><strong style="line-height: 1.5; margin: 0px auto; padding: 0px;">, </strong><span style="line-height: 1.5; margin: 0px auto; padding: 0px;">the Service Tax Registration shall be deemed to have been granted.</span></div>
<h6 style="background-color: white; color: #666666; font-family: Tahoma, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin: 0px 0px 4px; padding: 0px; text-align: justify;">
How TaxOrigin Can Help you in Registration of Service Tax ?</h6>
<ul style="background-color: white; color: #666666; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 18px; margin: 0px 0px 10px; padding: 0px 0px 0px 15px; text-align: justify;">
<li style="margin: 0px auto; padding: 0px;"><div style="margin-left: auto; margin-right: auto; padding: 0px 0px 5px;">
TaxOrigin can help you to register your business with Service Tax authorities within 6 to 12 days subject to Government processing time.</div>
</li>
<li style="margin: 0px auto; padding: 0px;"><div style="margin-left: auto; margin-right: auto; padding: 0px 0px 5px;">
Experts from TaxOrigin shall understand the specific requirements regarding your business and based on various inputs shall fill up and submit Form ST 1 online.</div>
</li>
<li style="margin: 0px auto; padding: 0px;"><div style="margin-left: auto; margin-right: auto; padding: 0px 0px 5px;">
On getting the signature on Form ST 1 and collection of supporting documents, our team shall assist you for verification of documents and Form ST 1 with the Service Tax Department who shall in turn allot the Service Tax Registration number in form ST 2.</div>
</li>
</ul>
Click here to view service tax registration :- <a href="https://aces.gov.in/Documents/New_Assessee_REG.pdf" target="_blank">https://aces.gov.in/Documents/New_Assessee_REG.pdf</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-89867224100323677452016-02-19T08:56:00.001-08:002016-02-19T09:31:14.103-08:00Whether cenvat credit on Swach bharat cess is allowed ? <div dir="ltr" style="text-align: left;" trbidi="on">
SBC is not integrated in the Cenvat Credit Chain. Therefore, credit of SBC cannot be
availed. Further, SBC cannot be paid by utilizing credit of any other duty or tax.<br />
<br />
Click here to see the full FAQ regarding SBC:-<a href="http://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf" target="_blank">http://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-47325866583819089282016-02-15T05:04:00.002-08:002016-02-15T05:04:32.143-08:00Company Details/Data<div dir="ltr" style="text-align: left;" trbidi="on">
Click here:<br />
<br />
<a href="http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=31" target="_blank">http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=31</a><br />
<br />
Write Company name, in case you don't know CIN and sudmit-</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-76803296853890236412016-02-15T04:59:00.002-08:002016-02-15T04:59:14.844-08:00View Form 26AS<div dir="ltr" style="text-align: left;" trbidi="on">
Click here:<br />
<a href="https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html?nextPage=taxCred" target="_blank">https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html?nextPage=taxCred</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-48926640361955493542016-02-13T02:32:00.001-08:002016-02-13T02:32:17.606-08:00Income Tax Notification & Circulars<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to view Notification & Circulars<br />
<br />
<a href="http://www.incometaxindia.gov.in/pages/communications/index.aspx" target="_blank">http://www.incometaxindia.gov.in/pages/communications/index.aspx</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-12042142641026629902016-02-12T09:55:00.002-08:002016-02-12T09:55:47.345-08:00Cracking CA Final<div dir="ltr" style="text-align: left;" trbidi="on">
Click Here:<br />
<a href="https://www.youtube.com/watch?v=rAKZNCfuUm0" target="_blank">https://www.youtube.com/watch?v=rAKZNCfuUm0</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-14962244435703416302016-02-12T09:52:00.002-08:002016-02-12T09:52:26.994-08:00Cracking 75+ in IDT<div dir="ltr" style="text-align: left;" trbidi="on">
Click here<br />
<a href="https://www.youtube.com/watch?v=KuSihio6HAc" target="_blank">https://www.youtube.com/watch?v=KuSihio6HAc</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-46564286179450510462016-02-12T09:47:00.004-08:002016-02-12T09:47:57.737-08:00Free Isca Classes by Manasi<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to watch it free:<br />
<br />
<a href="https://www.youtube.com/results?search_query=farooq+haque+isca" target="_blank">https://www.youtube.com/results?search_query=farooq+haque+isca</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-85381183878123983922016-02-11T00:08:00.003-08:002016-02-11T00:08:44.317-08:00Ind-AS Notes Download<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to download<br />
<br />
<a href="http://resource.cdn.icai.org/39331bos28801.pdf" target="_blank">http://resource.cdn.icai.org/39331bos28801.pdf</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-31434875254227426322016-02-10T23:49:00.003-08:002016-02-11T00:05:16.790-08:00Foreign Trade Policy for May & Nov 2016<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
Click here to watch FTP Part 1 by CA Vishal Bhattad<br />
<a href="https://www.youtube.com/watch?v=A9Y57LhzQ18" target="_blank">https://www.youtube.com/watch?v=A9Y57LhzQ18</a><br />
<br />
<br />
<br />
Click here to watch FTP Part 2 by CA Vishal Bhattad<br />
<a href="https://www.youtube.com/watch?v=CA0rqQBOX4k" target="_blank">https://www.youtube.com/watch?v=CA0rqQBOX4k</a></div>
Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-7160723616245182650.post-34758255279261566612016-02-10T23:45:00.004-08:002016-02-10T23:52:45.891-08:00Free DT & IDT Amendment Class May & Nov 2016 <div dir="ltr" style="text-align: left;" trbidi="on">
<div>
<br /></div>
<div>
Steps to download notes:</div>
<div>
<br /></div>
<div>
Step 1: Visit at <a href="http://fhconline.in/Account/Login.aspx" target="_blank">http://fhconline.in/Account/Login.aspx</a></div>
<div>
<br /></div>
<div>
Step 2: Create your login Id & Password for free</div>
<div>
<br /></div>
<div>
Step 3: Click on Download sections and download pdf</div>
<div>
<br /></div>
<div>
Step 4:Watch or Download Videos: For Direct Tax Visit at<br />
<a href="https://www.youtube.com/watch?v=skjgL0E7jak&list=PLIBk9SAiZJymahPQHZMcJAg9zqoxNGbAi" target="_blank">https://www.youtube.com/watch?v=skjgL0E7jak&list=PLIBk9SAiZJymahPQHZMcJAg9zqoxNGbAi</a></div>
<div>
<br /></div>
<div>
Step 5:Watch or Download Videos: For Indirect Tax Visit at<br />
<a href="https://www.youtube.com/watch?v=_UIP1b54mhU" target="_blank">https://www.youtube.com/watch?v=_UIP1b54mhU</a></div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-5038636902363840382016-02-10T22:53:00.002-08:002016-02-10T22:56:07.115-08:00Excise Notification<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
Click here for Excise Notifications:<br />
<br />
<a href="http://www.cbec.gov.in/Excise-Notifications" target="_blank">http://www.cbec.gov.in/Excise-Notifications</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-1885325566246598232016-02-10T22:50:00.001-08:002016-02-10T22:56:19.494-08:00Service Tax Notifications<div dir="ltr" style="text-align: left;" trbidi="on">
Service Tax Notifications<br />
<br />
<a href="http://www.cbec.gov.in/ServiceTax-Notifications" target="_blank">http://www.cbec.gov.in/ServiceTax-Notifications</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-81021301123573616162016-02-10T22:46:00.001-08:002016-02-10T22:56:32.861-08:00FAQ on Swach Bharat Cess<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to Download FAQs-<br />
<br />
<a href="http://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf" target="_blank">http://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-61707171533330239332016-02-10T22:43:00.002-08:002016-02-10T22:56:52.953-08:00Download Service Tax Forms<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to download all Service Tax Forms-<br />
<br />
<a href="http://www.cbec.gov.in/htdocs-servicetax/st-forms-home" target="_blank">http://www.cbec.gov.in/htdocs-servicetax/st-forms-home</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-26765471256532350472016-02-10T22:42:00.000-08:002016-02-10T22:57:13.918-08:00Download Custom Forms <div dir="ltr" style="text-align: left;" trbidi="on">
Click here to download all Custom related forms-<br />
<br />
<a href="http://www.cbec.gov.in/htdocs-cbec/customs/forms_pdf/forms_idx_final" target="_blank">http://www.cbec.gov.in/htdocs-cbec/customs/forms_pdf/forms_idx_final</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-87165216987263670152016-02-10T22:40:00.000-08:002016-02-10T22:57:33.150-08:00Download Excise Forms<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to download all excise related forms-<br />
<br />
<a href="http://www.cbec.gov.in/htdocs-cbec/excise/formidx" target="_blank">http://www.cbec.gov.in/htdocs-cbec/excise/formidx</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-53819727714279671072016-02-10T22:37:00.001-08:002016-02-10T22:57:50.670-08:00Download MCA Forms<div dir="ltr" style="text-align: left;" trbidi="on">
Click here to download all forms related to companies (Like Formation,Termination, DIN etc.)<br />
<a href="http://www.mca.gov.in/MinistryV2/Download_eForm_choose.html" target="_blank"> http://www.mca.gov.in/MinistryV2/Download_eForm_choose.html</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-28523048041261528412013-10-14T22:35:00.000-07:002013-10-14T22:35:50.968-07:00Download Notes on electricity chapter<div dir="ltr" style="text-align: left;" trbidi="on">
Cliack Here to Download: <a href="http://www.ziddu.com/download/23153808/NotesonChangesinElectricityCompaniesChapter.pdf.html">Notes on electricity chapter</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-45791821875235869062013-09-26T01:34:00.000-07:002013-09-26T01:34:10.089-07:00RBI Bans 0% Finance Scheme, No Charges on payment by debit card<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
RBI/2013-14/292<br />DBS.CO.PPD No. 3578 /11.01.005/2013-14</div>
<div align="right" style="background-color: white; font-family: Arial; font-size: 13px;">
September 17, 2013</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
The Chairman/Chief Executive<br />All Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
Madam/Dear Sir,</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
<br /></div>
<div class="head" style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 13px; font-weight: bold; text-align: justify;">
Pernicious practices of select banks deterring<br /><u>customer protection and accounting integrity</u></div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by some of the banks. We had solicited your comments in this regard as these were found to be impinging on customer protection, accounting integrity and thereby the fair market practices which banks should epitomize. The issues and the banks’ contentions have been examined at length and our instructions are detailed below.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
2. <span class="head" style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Subvention on price/moratorium for payment offered by dealers/ manufactures</span> – Subventions/Discounts on price or moratorium period for payment are often offered by the dealers or manufacturers on their products to the customers while they make the purchase by availing loans from banks. In such instances, it is the responsibility of the banks, who are/may be using their good offices to get the better bargain, to make the customers fully aware of these benefits and also pass on the benefits to them <u class="head" style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">fully and indiscriminately</u> while sanctioning loan for the purchase. More importantly, this has to be done directly without tampering with the applicable rate of interest (RoI) of the product. If there is a discount offered in the price of a product, the loan amount sanctioned for the purchase should be after taking into account the discount, rather than giving effect to the benefit by reducing the RoI. Similarly, if there is a moratorium period for payment available, the benefit should be passed on to the customer by ensuring that repayment schedule, including the interest servicing, commence after the moratorium period only rather than adjusting it in the RoI. Thus in principle, banks should not resort to any practice that would distort the interest rate structure of a product as this vitiates the transparency in pricing mechanism which is very important for the customer to take informed decision.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
3. <span class="head" style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;"><span style="color: red;">Zero percent loans/pricing of product as per the sourcing channel</span></span> - In the zero percent EMI schemes offered on credit card outstandings, the interest element is often camouflaged and passed on to customer in the form of processing fee. Similarly, some banks were loading the expenses incurred in sourcing the loan (viz DSA commission) in the applicable RoI charged on the product. Since the very concept of zero percent interest is non-existent and fair practice demands that the processing charge and RoI charged should be kept uniform product/segment wise, irrespective of the sourcing channel, such schemes only serve the purpose of alluring and exploiting the vulnerable customers. The only factor that can justify differential RoI for the same product, tenor being the same, is the risk rating of the customer, which may not be applicable in case of retail products where the RoI is generally kept flat and is indifferent to the customer risk profile.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
4. <span class="head" style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;"><span style="color: red;">Levying fees on debit card transactions by merchants</span></span> - There are instances where merchant establishments levy fee as a percentage of the transaction value as charges on customers who are making payments for purchase of goods and services through debit cards. Such fee are not justifiable and are not permissible as per the bilateral agreement between the acquiring bank and the merchants and therefore calls for termination of the relationship of the bank with such establishments.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
5. Though many banks have appreciated our concerns and have discontinued with the above mentioned practices/ products, some of them still seem to persist with them. These practices/ products thwart the very principle of fair and transparent pricing of products which beholds customer rights and customer protection, especially, in the more vulnerable retail segment. Such practices thus violate, both in letter and spirit, various provisions of our MC on Interest Rate on Advances and therefore, you are advised to strictly desist from these practices hence forth.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
6. Please acknowledge receipt.</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
Yours faithfully,</div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
<br /></div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
<br /></div>
<div style="background-color: white; font-family: Arial; font-size: 13px; text-align: justify;">
(G Jaganmohan Rao)<br />Principal Chief General Manager</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-91667598492769277832013-09-16T06:23:00.001-07:002013-09-16T06:23:21.815-07:00Strategic Managment Notes for IPCC<div dir="ltr" style="text-align: left;" trbidi="on">
Download SM Notes: <a href="http://www.ziddu.com/download/22972838/849216_58549_paper_7b__strategic_mgmt_notes_pk.pdf.html">SM Notes</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-13818395794953663472013-06-25T06:02:00.000-07:002013-06-25T06:02:11.184-07:00Steps for Incorporation of Private Limited Company<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background: white;">
<strong><i style="mso-bidi-font-style: normal;"><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step by step guide to Formation/Registration/Incorporation of a Private Limited Company, in India.</span></i></strong><i style="mso-bidi-font-style: normal;"><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></i></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin: 0in 0in 10pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><i style="mso-bidi-font-style: normal;"><u><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: 'Times New Roman';">Minimum requirements for the Private Limited Company</span></u></i></b><i style="mso-bidi-font-style: normal;"><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';"><o:p></o:p></span></i></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">Minimum 2 Directors<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">Minimum 2 Shareholders<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">The directors and shareholders can be the same person<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">Minimum Share Capital shall be Rs. 100,000 (INR One Lac)<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">DIN (Director Identification Number) for all the Directors<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt 82.25pt; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -0.25in;">
<span style="color: #444444; font-family: Symbol; font-size: 10pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 8.5pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt; mso-fareast-font-family: 'Times New Roman';">DSC (Digital Signature Certificate) for one of the Directors<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong><i style="mso-bidi-font-style: normal;"><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Steps Involved<o:p></o:p></span></i></strong></div>
<div class="MsoNormal" style="background: white; line-height: 18pt; margin: 0in 0in 10pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 1. Get the DIN (Director Identification Number) & DSC (Digital Signature Certificate)<o:p></o:p></span></i></strong></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">What is a Director Identification Number (DIN)?</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Director Identification Number (DIN) is a unique identification number issued by the Ministry of Corporate Affairs (MCA), for an existing director or a person intending to become a director of a company.<o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Documents required for DIN Application in case of Indian Applicant </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">a) Address Proof:</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Copy of passport / driving license having pin code / electricity bill / telephone bill / Election card / Bank statement certified by Bank Manager (should not be older than 30 days), also PIN code must be mentioned on the address proof.<o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">b) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Identity Proof: Copy of PAN Card <em><span style="font-family: 'Tahoma','sans-serif';"> (Income Tax Permanent Account Name </span></em><strong><i><span style="font-family: 'Tahoma','sans-serif';">is mandatory</span></i></strong><em><span style="font-family: 'Tahoma','sans-serif';"> in case of Indian National and in such cases applicant details should be as per Income tax PAN)</span></em><o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">c) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">One Passport Size color photograph<o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">d) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Email Address of the Applicant <em><b><span style="font-family: 'Tahoma','sans-serif';">*</span></b></em><o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">e) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Mobile/Cell Number<strong><span style="font-family: 'Tahoma','sans-serif';"> *</span></strong><o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">f) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Current Occupation *<o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">g)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Educational qualification *<o:p></o:p></span></div>
<div style="background: white;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">h)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Affidavit to be signed by an applicant * (It shall be notarized on Rs. 10 stamp paper) vide Ministry of Company Affairs </span><a href="http://blog.abhyankarcs.com/wp-content/uploads/2011/12/G.S.RE_DIN1_24dec2012.pdf" target="_blank" title="DIN 1 Notification "><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Notification dated 25.12.2012</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">.<o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<br /></div>
<div style="background: white; line-height: 18pt;">
<br /></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Notes:</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">1. </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">All the documents require “Self attestation”.<o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">2. </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">In case of Foreign national or NRI, passport copy is must and identity proof and address proof should be notarized by an Indian Consulate of home country. The Address proof should not be older than 1 year from the date of filing of form.<o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">3.</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> While making DIN Application following details are mandatory :<o:p></o:p></span></div>
<div style="background: white; line-height: 18pt;">
<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">First Name, Middle Name, Last Name, Details of father of an applicant (even in case of a married woman)<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">4.</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> In case of a Married woman, copy of the Marriage Certificate is required (If DIN needs to be in the “Changed Name”)<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">What is a Digital Signature Certificate (DSC)?</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Digital Signature Certificate (DSC) is the digital equivalent (i.e. electronic format) of physical or paper certificates. Examples of physical certificates are drivers’ license, passport. Certificates serve as proof of identity of an individual for a certain purpose; for example, a driver’s license identifies someone who can legally drive in a particular country. Likewise, a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally. Since MCA accepts electronic submission of Forms on its website the DSC is mandatory for all the users.<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Documents required for obtaining DSC</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">a)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Digital Signature Certificate application Form (duly signed by an applicant). An applicant is required to sign across the photo.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Download the </span><a href="http://www.mca.gov.in/MCA21/dca/downloadeforms/Download_eForm_choose.html"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">DSC Application Form</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">b)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> All other documents are same as required for the DIN Application<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Note : All the documents require “Self attestation”<o:p></o:p></span></strong></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 2.</span></i></strong><em><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> </span></em><strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Search for the Company Name availability</span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">The Promoters have to provide at least 6 names in the order of their preference/priority. The Promoters can themselves search for the available names by visiting the MCA Website: </span><a href="http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16" target="_blank" title="Check Company Name Availability"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Check Name Availability </span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Promoters may also search for the Trademark using <strong><span style="font-family: 'Tahoma','sans-serif';">http://ipindia.nic.in</span></strong>/ Website </span><a href="http://ipindiaservices.gov.in/tmrpublicsearch/" target="_blank" title="Check Trademark"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Check Trademark</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> (If they are going to apply for the Trademark, in future)<o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 3. Application for the Name availability</span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">After drafting of Main Object of the proposed company, need to file e-Form 1A with Registrar of Companies for name availability. The Applicant needs to give 6 proposed names in preference/priority along with their meaning and significance of each word.<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Note:</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> The </span><a href="http://blog.abhyankarcs.com/wp-content/uploads/2011/12/Circular_45-2011_08july2011.pdf" target="_blank" title="Name Availability Guidelines by MCA"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">name availability guidelines</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> issued by MCA should be followed.<o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)</span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">What is a Memorandum of Association?</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Memorandum of Association covers fundamental provisions of the company’s constitution. It covers main object and other objects of the company.<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">What is Articles of Association?</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Articles of Association contain rules and regulations governing the internal management of the company. It is a binding contract between company and its members and members among themselves defining their rights and duties.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">After name approval from ROC, the next step is to draft MOA & AOA. The subscribers need to specify Name, Address, and Occupation in their own handwriting & sign the subscription pages of MOA & AOA.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">If one of the subscribers is a Foreign National or NRI, the subscription page where he/she is supposed to sign on the Memorandum and Articles of Association, should be notarized by an Indian Consulate of Home Country.<o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 5. Filing of e-forms with ROC (Registrar Of Companies) </span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Following Forms to be filed/uploaded on the MCA Website<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">a)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Form1 (Incorporation document), along with MOA & AOA<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">b)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Form 18 (For Notice of situation of the Registered office)<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Attachments to e-form 18</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">:- (Refer </span><a href="http://blog.abhyankarcs.com/wp-content/uploads/2011/12/G.S.RE_Form18_24dec2012-1.pdf" target="_blank" title="Form 18 Notification"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Notification dated 25.12.2012</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">)<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">1. Proof of Registered address shall be attached to e-form 18.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">2. No Objection certificate from the director if the registered office is owned by the director (not taken on lease by the company)<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">3. A proof that the company is permitted to use the address as the registered office of the company if the same is owned by any other entity /Person (not taken on lease by the company)<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">For Form 18, a certification from CA/CS/CWA (in Whole Time Practice) shall be required that he/she has personally visited the new address and verified it and given opinion that the premises are indeed at the disposal of the applicant company.<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">c)</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> Form 32 (Notice of Directors with their personal details)<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">d) </span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Power of RoC (Registrar of Companies) to obtain Declaration/Affidavit from Subscribers/first directors at the time of Incorporation. Refer </span><a href="http://blog.abhyankarcs.com/wp-content/uploads/2013/01/General_Circular_11_2013.pdf" target="_blank" title="Declaration/Affidavit by Subscribers/First Directors to RoC"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">General Circular No. 11/2013 dated 29.05.2013</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step 6. Payment of ROC Fees & Stamp Duty</span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">After filing of documents online, we need to make payment of ROC fees and Stamp Duty electronically which is based upon the Authorised Capital of the Company.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Please refer to the “</span><a href="http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15" target="_blank" title="Fee Calculator"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Fee Calculator”</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> link on the MCA Website for the ROC Fees.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">To know more about each Form, you may checkout the options “Company Forms Download” on the Left Panel on MCA website or just checkout following URL. This URL also display the links to Instructions Kit (describing how to fill up the specific forms).<o:p></o:p></span></div>
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<a href="http://www.mca.gov.in/DCAPortalWeb/dca/jsp/mydca/home/StaticFramePage.jsp?para1=/MCA21/dca_html/downloadeforms/Download_eForm_choose.html"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">http://www.mca.gov.in/DCAPortalWeb/dca/jsp/mydca/home/StaticFramePage.jsp?para1=/MCA21/dca_html/downloadeforms/Download_eForm_choose.html</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">In order to know the Total statutory fees, note down the fee for the following forms from the dropdown :<o:p></o:p></span></div>
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<strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Form1A</span></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">, <strong><span style="font-family: 'Tahoma','sans-serif';">Form1</span></strong> (select option “Incorporation of other companies”), <strong><span style="font-family: 'Tahoma','sans-serif';">Form 18</span></strong> (select option “Shifting of Registered Office within ROC”, even if it’s not a shifting), <strong><span style="font-family: 'Tahoma','sans-serif';">Form 32</span></strong>.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Click on the “Calculate Fee” to get the individual form fees & add up all the individual form fees and the “Stamp Duty”. Please refer to the “</span><a href="http://www.mca.gov.in/MCA21/dca/eStamp/eStamp_rate.pdf" target="_blank" title="Stamp Duty"><span style="font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><span style="color: #01a0db;">Stamp Duty</span></span></a><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">” link on the MCA Website. <strong><span style="font-family: 'Tahoma','sans-serif';">Note :</span></strong> Stamp Duty varies as per the “State” in which the Company is to be registered.<o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step</span></i></strong><em><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> </span></em><strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">7</span></i></strong><em><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">. </span></em><strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Verification of documents / forms by ROC </span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">After payment of all stamp duties and ROC fees, ROC scrutinizes all the documents and forms. Now <strong><span style="font-family: 'Tahoma','sans-serif';">Form18</span></strong> and <strong><span style="font-family: 'Tahoma','sans-serif';">Form32</span></strong> are approved immediately through “STP” (Straight Through Process) and <strong><span style="font-family: 'Tahoma','sans-serif';">Form1</span></strong> is scrutinized by ROC in detail. In case of any objections/queries raised by ROC, resubmission of forms may also require.<o:p></o:p></span></div>
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<strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Step</span></i></strong><em><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"> </span></em><strong><i><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">8. Issue of Certificate of Incorporation by ROC</span></i></strong><span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;"><o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">Once all the Forms are duly approved by ROC, the digitally signed “Certificate of Incorporation” is emailed to the Directors.<o:p></o:p></span></div>
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<span style="color: #444444; font-family: 'Tahoma','sans-serif'; font-size: 8.5pt;">As part of the Green Initiative by the MCA (Ministry of Corporate Affairs), few Certificates including “Certificate of Incorporation” are now issued only in the electronic format i.e. softcopy (having digital signature of ROC Registrar). Once the Incorporation Certificate is received, Company can start it’s operations.<o:p></o:p></span></div>
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Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-7160723616245182650.post-16070724248186281172013-06-25T05:59:00.001-07:002013-06-25T05:59:33.659-07:00Download ITR 1,2,3,4 For A.Y 2013-14 in Excel & Pdf<div dir="ltr" style="text-align: left;" trbidi="on">
Click Here To Download :<a href="http://finotax.com/itax/itr-new.htm">ITR 1,2,3,4</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7160723616245182650.post-2482509229187631432013-06-19T00:23:00.002-07:002013-06-19T00:23:45.339-07:00How to Apply for DIN Application<div dir="ltr" style="text-align: left;" trbidi="on">
Following are the procedure for obtaining DIN Number: <br />
<br />
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">A)<span style="font: 7pt 'Times New Roman';"> </span></span></span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Documents Required for Applying DIN Number(Scanned):<o:p></o:p></span></i></b></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">High resolution photograph of the applicant <o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">PAN is mandatory now. So copy of pan is mandatory for identity, name, father's name and date of birth.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Proof of father's name is not required in the case of foreign nationals<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Copy of passport is mandatory as an id proof in the case of foreign nationals.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Present Address proof which should not be older than 2 months"<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">6)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Annexure - 1 as per the format given on the website</span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">B)<span style="font: 7pt 'Times New Roman';"> </span></span></span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Fees:<o:p></o:p></span></i></b></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><span style="mso-spacerun: yes;"> </span>DIN application fee of Rs. 100/‐ is payable w.e.f. 1st July, 2007.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">C)<span style="font: 7pt 'Times New Roman';"> </span></span></span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Form Required:<o:p></o:p></span></i></b></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">DIN shall have to make an application in e-Form DIN 1<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">D)<span style="font: 7pt 'Times New Roman';"> </span></span></span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Procedure:<o:p></o:p></span></i></b></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">1)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">E-Form DIN‐1 has to follow the offline e-Filing process<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">2)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Attach the photograph and scanned copy of supporting documents i.e. proof of identity, and proof of residence as per the guidelines. Physical documents are not required to submit at DIN cell.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-layout-grid-align: none; mso-list: l2 level1 lfo2; tab-stops: .5in 40.5pt; text-indent: -0.25in;">
<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">3)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Along with the supporting documents, verification by the applicant for applying for allotment of Director Identification Number (DIN) shall also be attached. This shall contain the Name, Father’s name, date of birth, present address and text of declaration and physical signature of the applicant.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">4)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">The e-Form shall have to be digitally signed and shall be uploaded on MCA21 portal.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">5)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Pay the fees for DIN1 e-Form. Only electronic payment of the fees shall be allowed (I.e. Net banking / Credit Card). No challan payment will be accepted under revised procedure of DIN allotment.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">6)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">The user is required to get himself/ herself registered on the MCA21 Portal to obtain login id, which is necessary for payment of the fees. After obtaining the login‐id, Login to the MCA21 portal and click on 'e-Form upload' link available under the 'e-Forms' tab for uploading the e-Form DIN 1. E-Form DIN‐1 will be processed only after the DIN application fee is paid.<o:p></o:p></span></div>
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<span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><span style="mso-list: Ignore;">7)<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">The e-Form DIN 1 should be digitally signed by a practicing professional (CA/ CS/ CWA).<o:p></o:p></span></div>
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