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One Person Company (OPC) Registration in India

One Person Company (OPC) Registration is a type of Private Limited company in India where only One Individual person can register a Company in India as per the provisions of the Companies Act, 2013, One Person Company (OPC) is most suitable for persons who is the sole owner of the business and want to avail the benefits of Limited Liability. One Person Company is alternative to the sole proprietorship business entity. OPC is separate from its owner and he holds 100% shares in the Company. One Person Company should always have only 1 Shareholder and Can have more than one Directors. Normally the same person becomes the Director as well as Shareholder in One Person Company. If you are tech entrepreneur and wants to have 100% control of your business OPC is best suited for you.

Information required for One Person Company (OPC) Registration in India :

  1. Name of Proposed Company
  2. Name of Shareholder of Proposed Company
  3. Name of Nominee of Shareholder/Subscriber of the proposed company, it is mandatory
  4. Business Address of One Person Company (OPC)
  5. Name and Email id of Director, subscriber and Nominee

Documents required for One Person Company(OPC) Registration in India :

  1. PAN Card of Director, Subscriber and Nominee of the Company
  2. Aadhar Card of Director, Subscriber and Nominee of the company
  3. Latest Bank statement having Current Address mentioned on it (Not older than 2 Months)
  4. Photograph of Director, Subscriber and Nominee
  5.  Electricity Bill/telephone bill/Broadband Bill/ Gas bill of Registered Office Address of the Company
  6. Rent Agreement of Registered Office Address, if Property is Rented ( You may also provide Residential Property like you home Address )

Fastlegal Provides One Peron Company Registration Services all Over India, To Connect with Fastlegal Team Members, Please place your request here or Call us at 9782280098, email us at mail@fastlegal.in

 

 

 

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Provident Fund (PF) Registration

Provident Fund (PF) Registration is very important for every organization with respect to employee welfare as the provident fund is Social Security initiative that the employees of the Company or Firm get into habits of savings and accumulate funds, EPFO contribution also gets benefits under Section 80C of the Income Tax Act.

Who Is Required To Obtain Provident Fund (PF ) Registration :

Provident Fund Registration is mandatory for every Company/ LLP/ Partnership Firm/ Proprietorship Firm or any other organization which employs more than 20 individuals, including contractual and permanent employees.

Voluntarily Registration of Provident Fund (PF) can also be obtained by the Company/LLP/Partnership Firm/ Proprietorship Firm which does not have the minimum 20 Employees.

Companies which are not registered under Provident Fund (PF) and are having employees more than 20 are required to register within 1 Month form the date of exceeding the limit of employees and can also be registered after 1 month by paying penalties applicable.

Information Required For Registration Under Provident Fund (PF) :

Every Company/LLP/Partnership Firm/ Proprietorship firm are required to Provide following Information for Registration under Provident Fund :

  • Name and address of Company/LLP/Partnership Firm/ Proprietorship firm
  • Office details of Company/LLP/Partnership Firm/ Proprietorship firm
  • Mention date of incorporation/registration of company
  • Fill up details of employees – total employee strength
  • Activity the business/enterprise is involved in – i.e. manufacturing, production, service, etc
  • Owner details, including designation and address of Directors and partners
  • Particulars related to wage component of employees
  • Details of bank with whom company has banking relationship
  • PAN details
  • Basic details of the employee (name, date of joining, salary, etc.)

Documents Required For Provident Fund (PF) Registration:

Employers are expected to furnish certain documents as proof in order to successfully register EPF, a list of which are mentioned below.

  • Copy of Certificate of incorporation, partnership deed if the company is a registered partnership firm or GST Registration Certificate
  • Public and Private Limited Companies need to submit a copy of memorandum and Articles of Association
  • PAN details of Company
  • Proof of incorporation – first sales invoice/ license issued by competent authorities
  • No of employees
  • Cancel Cheque or Bank statement
  • Email id and Mobile Number

Fastlegal provides Provident Fund Registration Services all over India. To Avail Fastlegal Services Please call on 9782280098 /email us at mail@fastlegal.in

 

Do you want to Know About ESIC Registration? Click here

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GST Registration in India

GST Registration in India is required for Person where he makes a taxable supply of goods or services or both if his aggregate turnover in a financial year exceeds twenty lakh rupees: you may also opt for voluntary Registration if your turnover does not exceed Rs. 20 Lakhs. Most of the cases if you need GST Registration as you would not like to miss any great business opportunity because of the fact that your business does not have GST Number.

How to Get GST Registration:

To get GST Registration we need to have some basic set of documents of Individual or Company/Firm/LLP along with Name of the firm and business objects of the firm.

Information required for GST Registration :

  1. Name of Firmnarpur
  2. AddresSambas of Firm
  3. Commodities Intend to Sell/Buy or Services to be Provided
  4. Email id
  5. Mobile No
  6. Additional Place of Business Like Branch Address/Factory Address/ Warehouse etc
  7. List of Director/Partners, in case of Private Limited Company/LLP/Firm

Documents Required for GST Registration for Proprietorship Firm :

  1. PAN Card Copy of Proprietor
  2. Aadhar Card Copy of Proprietor
  3. Photo of Proprietor
  4. Bank Statement with IFSC Code or Cancelled Cheque Copy of Proprietor Bank Account ( Saving Account, if you do not have current Account of firm)
  5. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.

Documents Required for GST Registration for Partnership Firm :

  1. PAN Card Copy of Partnership Firm
  2. Registration Certificate/Partnership Deed of Partnership Firm
  3. PAN Card Copy of Partners
  4. Aadhar Card Copy of Partners
  5. Photo of Partners
  6. Bank Statement with IFSC Code or Cancelled Cheque Copy of Partnership firm Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Firm (We will Provide you for signing )

Documents Required for GST Registration for LLP :

  1. PAN Card Copy of Limited Liability Partnership (LLP)
  2. Registration Certificate and LLP Agreement of Limited Liability Partnership (LLP)
  3. PAN Card Copy of partners of  Limited Liability Partnership (LLP)
  4. Aadhar Card Copy of Partners of  Limited Liability Partnership (LLP)
  5. Photo of Partners of  Limited Liability Partnership (LLP)
  6. Bank Statement with IFSC Code or Cancelled Cheque Copy of Limited Liability Partnership (LLP) Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Company/LLP/Firm (We will Provide you for signing )
  9. Digital Signature for Directors/Partner in case of Private Limited and LLP  (If you do not have we will Provide )

Documents Required for GST Registration for Private Limited Company

  1. PAN Card Copy of Private Limited Company
  2. Registration Certificate of Private Limited Company
  3. PAN Card Copy of Directors of Private Limited Company
  4. Aadhar Card Copy of Directors of Private Limited Company
  5. Photo of Directors of Private Limited company
  6. Cancelled Cheque Copy of Private Limited Company Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Company/LLP/Firm (We will Provide you for signing )
  9. Digital Signature for Directors/Partner in case of Private Limited and LLP  (If you do not have we will Provide)

 

Fastlegal Provides GST Registration and Return Filing Services Online – To Connect with Fastlegal Team Members Place your Request here or Call/Whatsapp 9782280098

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CA for Company Registration in Jaipur

CA for Company Registration in Jaipur

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company Registration

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in 

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Top Company Registration Consultants in Rajasthan

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in 

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Top Company Registration Consultants in Jaipur

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in 

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GST Registration in Rajasthan

GST Registration in Rajasthan is required for Person where he makes a taxable supply of goods or services or both if his aggregate turnover in a financial year exceeds twenty lakh rupees: you may also opt for voluntary Registration if your turnover does not exceed Rs. 20 Lakhs. Most of the cases if you need GST Registration as you would not like to miss any great business opportunity because of the fact that your business does not have GST Number.

How to Get GST Registration in Rajasthan:

To get GST Registration we need to have some basic set of documents of Individual or Company/Firm/LLP along with Name of the firm and business objects of the firm.

Information required for GST Registration in Rajasthan:

  1. Name of Firm
  2. Address of Firm
  3. Commodities Intend to Sell/Buy or Services to be Provided
  4. Email id
  5. Mobile No
  6. Additional Place of Business Like Branch Address/Factory Address/ Warehouse etc
  7. List of Director/Partners, in case of Private Limited Company/LLP/Firm

Documents Required for GST Registration for Proprietorship Firm in Rajasthan :

  1. PAN Card Copy of Proprietor
  2. Aadhar Card Copy of Proprietor
  3. Photo of Proprietor
  4. Bank Statement with IFSC Code or Cancelled Cheque Copy of Proprietor Bank Account ( Saving Account, if you do not have current Account of firm)
  5. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.

Documents Required for GST Registration for Partnership Firm in Rajasthan:

  1. PAN Card Copy of Partnership Firm
  2. Registration Certificate/Partnership Deed of Partnership Firm
  3. PAN Card Copy of Partners
  4. Aadhar Card Copy of Partners
  5. Photo of Partners
  6. Bank Statement with IFSC Code or Cancelled Cheque Copy of Partnership firm Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Firm (We will Provide you for signing )

Documents Required for GST Registration for LLP in Rajasthan:

  1. PAN Card Copy of Limited Liability Partnership (LLP)
  2. Registration Certificate and LLP Agreement of Limited Liability Partnership (LLP)
  3. PAN Card Copy of partners of  Limited Liability Partnership (LLP)
  4. Aadhar Card Copy of Partners of  Limited Liability Partnership (LLP)
  5. Photo of Partners of  Limited Liability Partnership (LLP)
  6. Bank Statement with IFSC Code or Cancelled Cheque Copy of Limited Liability Partnership (LLP) Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Company/LLP/Firm (We will Provide you for signing )
  9. Digital Signature for Directors/Partner in case of Private Limited and LLP  (If you do not have we will Provide )

Documents Required for GST Registration for Private Limited Company in Rajasthan

  1. PAN Card Copy of Private Limited Company
  2. Registration Certificate of Private Limited Company
  3. PAN Card Copy of Directors of Private Limited Company
  4. Aadhar Card Copy of Directors of Private Limited Company
  5. Photo of Directors of Private Limited company
  6. Cancelled Cheque Copy of Private Limited Company Bank Account
  7. Electricity Bill and Rent Agreement copy, if the property is on Rent for Firm Office Address.
  8. Resolution for Authorisation Person in case of Company/LLP/Firm (We will Provide you for signing )
  9. Digital Signature for Directors/Partner in case of Private Limited and LLP  (If you do not have we will Provide)

 

Fastlegal Provides GST Registration and Return Filing Services Online – To Connect with Fastlegal Team Members Place your Request here or Call/Whatsapp 9782280098

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E-way Bill Requirements in India

What is an e-way bill ?

e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of section 68 of the Goods and Services Tax Act read with rule 138 of the rules framed thereunder. It is generated from the GST Common Portal by the registered persons or transporters who causes movement of goods of consignment before commencement of such movement.

Portal to Get E-way Bill? 

The common portal for generation of e-way bill is http://gst.kar.nic.in/ewaybill , presently in Rajasthan it is http://164.100.80.180/ewbnat8

Why is E-way bill required? 

Section 68 of the Goods and Services Tax Act mandates that the Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be specified to carry with him such documents and such devices as may be prescribed. Rule 138 of Karnataka Goods and Services Tax Rules, 2017 prescribes e-way bill as the document to be carried for the consignment of goods of value more than rupees fifty thousand . Government has issued a notification under rule 138 of Goods and Services Tax Rules, 2017 mandating to carry e-way bill for transportation of goods of consignment of value more than rupees fifty thousand. Hence e-way bill generated from the common portal is required to be carried.

Who all can generate E-way bill? 

Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees in relation to supply; or reasons other than supply; or inward supply from unregistered person shall generate e-way bill. It means, the consignor or consignee, as a registered person or a transporter of the goods can generate the e-way bill. The unregistered transporter can enroll on the common portal and generate the e-way bill for movement of goods for his clients. Any person can also enroll and generate the e-way bill for movement of goods for his/her own use.

Who can update the vehicle number in  E-way ?

The e-way bill is not valid without the vehicle number updated on the common portal, if on the mode of transport is the road. The Vehicle number can be updated by the generator of the e-way bill or the transporter assigned for that e-way bill by the generator.

What is a pre-requisite to generate the e-Way Bill?

To generate the e-way bill, it is essential that the person shall be registered person and if the transporter is not registered person it is mandatory to get enrolled on the common portal of e-waybill(http://gst.kar.nic.in/ewaybill) before generation of the e-way bill. The documents such as tax invoice or bill of sale or delivery challan and Transporter’s Id, who is transporting the goods with transporter document number or the vehicle number in which the goods are transported.

If there is a mistake or wrong entry in the e-Way Bill, what has to be done?



If there is mistake, incorrect or wrong entry in the e-way bill, then it cannot be edited or corrected.

Whether the e-way bill can be cancelled? if yes, under what circumstances ?

Yes. e-way bill can be cancelled if either goods are not transported or are not transported as per the details furnished in the e-way bill. e-way bill can be cancelled within 24 hours from the time of generation.

If the vehicle in which goods are being transported having e-way bill is changed, then what has to be done?

The e-way bill for transportation of goods always should have the vehicle number that is actually carrying the goods. There may be requirement to change the vehicle number after generating the e-way bill or after commencement of movement of goods due to transshipment or due to breakdown of vehicle. In such cases, the transporter or generator of the e-way bill can update the changed vehicle number.

Why the transporter needs to enroll on the e-Way Bill system?

There may be some transporters, who are not registered under the Goods and Services Tax Act and if such transporters cause the movement of goods for their clients, they are required to generate the e-way bill on behalf of their clientsf or update the vehicle number for e-way bill. Hence, they need to enroll on the e-way bill portal and generate the 15 digits Unique Transporter Id.

Can I transport the goods with the e-way bill without vehicle details in it?

No. One needs to transport the goods with a e-way bill specifying the vehicle number, which is a carrying the goods. However, where the goods are transported for a distance of less than ten kilometers within the State from the place of business of consignor to the place of transporter for further transportation, then the vehicle number is a not mandatory.

Whether e-Way Bill is required for all the goods that are being transported?

The e-way bill is required to transport all the taxable goods with the value exceeding fifty thousand rupees except 154 goods specified in Annexure to the notification.

What is consolidated e-Way Bill?

Consolidated e-way bill is a document containing the multiple e-way bills for multiple consignments being carried in one conveyance (goods vehicle). That is, the transporter, carrying the multiple consignments of various consignors and consignees in one vehicle is required to carry one consolidated e-way bill instead of carrying multiple e-way bills for those consignments.

Who can generate the consolidated e-Way Bill?

A transporter can generate the consolidated e-way bills for movement of multiple consignments in one vehicle.

Can the e-way bill be deleted or cancelled?

The e-way bill once generated cannot be deleted. However, it can be cancelled by the generator within 24 hours of generation. If it has been verified by any empowered officer, then it cannot be cancelled. e-way bill can be cancelled if either goods are not transported or are not transported as per the details furnished in the e-way bill.

Who can reject the e-Way Bill and Why?

The person who causes transport of goods shall generate the e-way bill specifying the details of other person as a recipient of goods. There is a provision in the common portal for the other party to see the e-way bill generated against his/her GSTIN. As the other party, one can communicate the acceptance or rejection of such consignment specified in the e-way bill. If the acceptance or rejection is not communicated within 72 hours from the time of generation of e-way Bill, it is deemed that he has accepted the details.

If the goods having e-way bill has to pass through transshipment and through different vehicles, how it has to be handled?

Some of the consignments are transported by the transporter through transshipment before it is delivered to the recipient at the place of destination. Hence for each movement from one place to another, the transporter needs to update the vehicle number in which he is transporting that consignment.

Is there any validity period for e-way bill?

Yes. Validity of the e-way bill or consolidated e-way bill depends upon the distance the goods have to be transported. The validity is one day upto 100 km and for every 100 km or part thereafter it is one additional day.

Which types of transactions that need the e-way bill?

For transportation of goods in relation to all types of transactions such as outward supply whether within the State or interstate, inward supply whether from within the State or from interstate including from an unregistered persons or for reasons other than supply also e-way bill is mandatory.

Who is required to generate the e-way bill?

Every registered person, who causes movement of goods, needs to generate the e-way bill. If the registered person is unable to generate the e-way bill, the transporter who transports the goods can generate the e-way bill on behalf of his/her client. If the movement is caused by an unregistered person, he may at his option generate the e-way bill.

Can I use the different modes of transportation to carry the goods having the e-Way Bill? If so, how to update the details?

Yes. One can transport the goods through different modes of transportation – Road, Rail, Air, Ship. However, always e-way bill needs to be updated with the latest mode of transportation or conveyance number accordingly. That is, at any point of time, the details of conveyance specified in the e-way bill on the portal should match with the details of conveyance through which goods are actually being transported.

What are the documents that need to be carried along with the goods being transported?

The person in charge of a conveyance shall carry the tax invoice or bill of supply or delivery challan, as the case may be; and a copy of the e-way bill or the e-way bill number generated from the common portal.

How to generate the e-Way Bill from different registered business places?

The registered person can generate the e-way bill from his account from any registered business place. However, he/she needs to enter the address accordingly in the e-way bill. He/she can also create multiple sub-users and assigned to these places and generate the e-way bills accordingly.

How can the taxpayer under GST register for the e-way bill system?

All the registered persons under GST shall also register on the portal of e-way bill namely: http://gst.kar.nic.in/ewaybill using his GSTIN. Once GSTIN is entered, the system sends the OTP to his registered mobile number and after authenticating the same, the system enables him to generate his/her username and password for the e-way bill system. After generation of username and password of his choice, he/she may proceed to make entries to generate e-way bill.

What has to be entered in GSTIN column, if consignor or consignee is not having GSTIN?

If the consigner or consignee is unregistered tax payer and not having GSTIN, then user has to enter ‘URP’ [Unregistered Person] in corresponding GSTIN column.

What are the modes of e-way bill generation, the taxpayer can use?

The e-way bill can be generated by the registered person in any of the following methods;-

o Using Web based system

o Using bulk upload facility

o Using SMS based facility

o Using Android App

o Using Site-to-Site integration

o Using GSP ( Goods and Services Tax Suvidha Provider)

How does the unregistered transporter get his unique id or transporter id?

The transporter is required to provide the essential information on the EWB portal. The transporter id is created by the EWB system after furnishing the information and submitting. It is a 15 digits number on similar lines with GSTIN and it is based on state code, PAN and Check digit. This can be shared by transporter to his clients to enter this number while generating e-waybills.

How to generate e-way bill, if the goods of one invoice is being moved in multiple vehicles simultaneously?

Where the goods are being transported in a semi knocked down or completely knocked down condition the EWB shall be generated for each of such vehicles based on the delivery challans issued for that portion of the consignment and;

(a) the supplier shall issue the complete invoice before dispatch of the first consignment;

(b) the supplier shall issue a delivery challan for each of the subsequent consignments, giving reference of the invoice;

(c) each consignment shall be accompanied by copies of the corresponding delivery challan along with a duly certified copy of the invoice; and

(d) the original copy of the invoice shall be sent along with the last consignment

Please note that multiple EWBs have to generate under this circumstance. That is, the EWB has to be generated for each consignment based on the delivery challan details along with the corresponding vehicle number.

How does the tax payer or recipient come to know about the e-way bills generated on his GSTIN by other person/party?

As per rules, the tax payer or recipient can reject the e-way bill generated on his GSTIN by other parties. The following options are available for him to see the list of e-way bills.

• He can see on the dashboard, once he logs into the system.

• He will get one SMS everyday indicating the total e-way bill activities on his GSTIN.

• He can go to reject option and select date and see the e-way bills. Here, system shows the list of e-way bills generated on his GSTIN by others.

• He can go to report and see the ‘EWBs by other parties’.

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Condonation of Delay Scheme, 2018

Companies registered under the Companies Act, 2013 (or its predecessor Act) are inter-alia required to file their Annual Financial statements and Annual Returns with the Registrar of Companies and non-filing of such reports is an offence under the said Act. Whereas, section 164(2) of the Act read with section 167 of the Companies Act,2013 [the Act], which provisions were commenced with effect from 01.04.2014, provide for disqualification of a director on account of default by a company in filing an annual return or a financial statement for a continuous period of three years.

Whereas, Rule 14 of the Companies (Appointment and Qualification of Directors) Rules, 2014 further prescribes that every director shall inform to the company concerned about his disqualification, if any, under section 164(2), in form DIR-8.

Whereas, consequent upon notification of provisions of section 164(2), Ministry of Corporate Affairs (MCA) had launched a Company Law Settlement Scheme 2014 providing an opportunity to the defaulting companies to clear their defaults within the time period specified therein and following the due process as notified.

Whereas, MCA in September 2017, identified 3,09,614 directors associated with the companies that had failed to file financial statements or annual returns in the MCA21 online registry for a continuous period of three financial years 2013-14 to 2015-16 in terms of provisions of section 164(2) r /w 167(1)(a) of the Act and they were barred from accessing the online registry and a list of such directors was published on the website of MCA.

Whereas, as a result of above action, there have been a spate of representations from industry, defaulting companies and their directors seeking an opportunity for the defaulting companies to become compliant and normalize operations.

Whereas, certain affected persons have also filed writ petitions before various High Courts seeking relief from the disqualification. Whereas, with a view to giving an opportunity for the non-compliant, defaulting companies to rectify the default, in exercise of its powers conferred under sections 403, 459 and 460 of the Companies Act, 2013, the Central Government has decided to introduce a Scheme namely “Condonation of Delay Scheme 2018” [CODS-2018] as follows.

1. The scheme shall come into force with effect from 01.01.2018 and shall remain in force up to 31.03.2018

2. Definitions – In this scheme, unless the context otherwise requires, – means the Companies Act,2013 and Companies Act, 1956 (where ever applicable);

ii. ‘overdue documents’ means the financial statements or the annual returns or other associated documents, as applicable, in the case of a defaulting company and refer to documents mentioned in paragraph 5 of the scheme.

iii. “Company” means a company as defined in clause of 20 of section 2 of the Companies Act, 2073;

iv. “Defaulting company// means a company which has not filed its financial statements or annual returns as required under the Companies Act, 1956 or Companies Act, 201.3, as the case may be, and the Rules made there under for a continuous period of three years.

v. “Designated authority” means the Registrar of Companies having jurisdiction over the registered office of the company.

3. Applicability: – This scheme is applicable to all defaulting companies (other than the companies which have been stuck off/ whose names have been removed from the register of companies under section 248(5) of the Act). A defaulting company is permitted to file its overdue documents which were due for filing till 30.06.2017 in accordance with the provisions of this Scheme.

4. Procedure to be followed for the purposes of the scheme:-

(1) In the case of defaulting companies whose names have not been removed from register of companies,-

i) The DINs of the concerned disqualified directors de-activated at present, shall be temporarily activated during the validity of the scheme to enable them to file the overdue documents.

ii) The defaulting company shall file the overdue documents in the respective prescribed eForms paying the statutori filing fee and additional fee payable as per section 403 of the Act read with Companies (Registration Offices and fee) Rules, 2014 for filing these overdue documents.

iii) The defaulting company after filing documents under this scheme, shall seek condonation of delay by filing form e-CODS attached to this scheme online on the MCA21 portal.. The fee for filing application eform CODS is Rs.30,000/- (Rs. Thirty Thousand only).

(iv) The DINs of the Directors associated with the defaulting companies that have not filed their overdue documents ancl the eform CODS, and these are not taken on record in the MCA21 registry and are still found to be disqualified on the conclusion of the scheme in terms of section 164(2)/w 167(1)(a) of the Act shall be liable to be deactivated on expiry of the scheme period. In the event of defaulting companies whose names have been removed from the register of companies under section 248 of the Act and which have filed applications for revival under section 252 of the Act up to the date of this scheme, the Director’s DIN shall be re-activated only NCLT order of revival subject to the company having filing of all overdue documents.

5. Scheme not to apply for certain documents – This scheme shall not apply to the filing of documents other than the following overdue documents:

i) Form Number 208/MGT-7- Form for filing company having share capital.

ii) Form 21A/MGT-7- Particulars of Annual return Annual return by a for the company not having share capital.

iii) Form 23AC, 23ACA, 23AC-XBRL, 23ACA-XBRL, AOC-4, AOC-4(CFS), AOC (XBRL) and AOC-4(non-XBRL) – Forms for filing Balance Sheet/Financial Statement and profit and loss account.

iv”) Form 66 – Form for submission of Compliance Certificate with the Ilegistrar.

v) Form 238/ADT-1- Form for intimation for Appointment of Auditors.

6. The Registrar concerned shall withdraw the prosecution(s) pending if any before the concerned Court(s) for all documents filed under the scheme. However, this scheme is without prejudice to action under section 167(2) of the Act or civil and criminal liabilities, if any, of such disqualified directors during the period they remained disqualified.

7. At the conclusion of the Scheme, the Registrar shall take all necessary actions under the Companies Act, 1956 / 2013 against the companies who have not availed themselves of this Scheme and continue to be in default in filing the overdue documents.

8. The e-Form CODS 2018 would be available from 20.02.2018 or an alternate date, which will be intimated by the ministry on www.mca.gov.in. The stakeholder should complete the necessary procedural requirements and file overdue documents without waiting for the availability of the e-CODS form.

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Partnership Firm Registration in Rajasthan

Partnership Firm is the popular form of doing business. Where two or more persons wants to carry on business a proper business structure is required in place for proper carrying on business, Partnership is traditional and most used form of business structure.

In India, Partnership is governed by the Indian Partnership Act, 1932. Partnership is defined as per section 4 of the Indian Partnership Act 1932 is as the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all.

Information required to start Partnership Firm and drafting of partnership deed: 

  1. Name of Firm
  2. Name , Address, Age, PAN , Aadhar Card Copy of Partners
  3. Capital Contribution
  4. Profit Sharing Ratio Among Partners
  5. Whether bank A/c be operated by all partners jointly or severally
  6. Whether all bonds, bills, notes, bills of exchange, hundies or promissory notes or other securities given on behalf of the partnership (except cheques) shall be signed, endorsed, accepted or executed jointly or severally

Documents Required for Partnership Firm Registration :

  1. Partnership Deed.
  2. ID & Address proof of all Partners. (Copy of Passport/PAN/Voter ID/Driving License/Aadhaar Card)
  3. Two Photographs of all Partners.
  4. Ownership Proof eg. Electricity bill/ water bill/Property receipts, POA, sale deed etc. in the name of applicant in case it is self own or Rent agreement and copy of ownership proof in the name of Land Lord accompanied by NOC, in case it is rented