Breaking News | New ITR Forms for AY 2020-2021 Notified | Income Tax Return Filing for AY 2020-2021
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ITR के नए FORMS. Last Date से पहले फाइल करे अपनी ITR” link=”https://www.mydreamconsultant.com/breaking-news-new-itr-forms-for-ay-2020-2021-notified-income-tax-return-filing-for-ay-2020-2021/” description=”QnJlYWtpbmcgTmV3cyB8IE5ldyBJVFIgRm9ybXMgZm9yIEFZIDIwMjAtMjAyMSBOb3RpZmllZCB8IEluY29tZSBUYXggUmV0dXJuIEZpbGluZyBmb3IgQVkgMjAyMC0yMDIxLiBJVFIg4KSV4KWHIOCkqOCkjyAgRk9STVMuIExhc3QgRGF0ZSDgpLjgpYcg4KSq4KS54KSy4KWHIOCkq+CkvuCkh+CksiDgpJXgpLDgpYcg4KSF4KSq4KSo4KWAIElUUi4=” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”1693|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/06/2020-21-ITR-1024×697.jpeg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Breaking News | New ITR Forms for AY 2020-2021 Notified | Income Tax Return Filing for AY 2020-2021 This blog will notify the taxpayers who are waiting to file income tax return (ITR) for the Financial Year 2019-20 & AY 2020-21. The Income-Tax (12th Amendment) Rules, 2020 is a vide realism, in the footstep parallel with the amendments ended by the 2019 Finance Act. On Friday, the CBDT (Central Board of Direct Taxes[1]) has informed the new Income Tax Return forms for FY 2019-20 / AY 2020-21. It comprises of ITR 1 –‘Sahaj’, ITR (2, 3, 4) ‘Sugam,’ ITR (5, 6, 7) in addition to ITR-V. The CBDT (Central Board of Direct Taxes) amended the manner of furnishing return of income and New Income Tax Returns Forms for the Assessment Year 2020-21. The Board empowered amended the Income-tax Rules, 1962 under Section 139, read with section 295 of the Income-tax Act, 1961. New Income Tax Slab Vs Old Income Tax Slab . Click To Read Complete Article. Due to the situation arising out of the spread of coronavirus and the nationwide lockdown, the I-T department has delayed the process of issuing ITR forms this year. The ITR filing deadline has also been extended from July 31 to November 30. In the forms notified by the government, taxpayers will now have dedicated space in each of the ITR forms – Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form ITR-4 (Sugam), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V – to describe investments of expenditures made by them during the quarter ended June 30. These will get counted in deductions or exemptions. Earlier this month, Finance Minister Nirmala Sitharaman had announced that due date for filing all income tax returns has been extended further from July 31 to November 30. The Centre had earlier extended the deadline for receiving Form-16 from 20th June 2020 to 30 June 2020 via an ordinance dated March 31, 2020. ITR-1 Sahaj is used to file returns by ordinary resident individuals whose total income does not exceed Rs 50 lakh. Form ITR-4 Sugam is meant for resident individuals, HUFs and firms except LLPs with a total income of up to Rs 50 lakh and presumptive income from business and profession. CRUX It shows the purpose that the government is placing all efforts allowing law-abiding taxpayers to take advantage of spends and investments made throughout the difficult time and also to limit the tax outflows even if they are done after the end of the assessment year. This blog has tried to give you a simple understanding of items grounded on the latest forms and decided notifications. Are you looking for Company Registration in India? MyDreamConsultant India’s fastest growing destination for “Online Legal Services”.We will guide you in getting all necessary documents and registration required to get Trademark Registration in India, Please click on the below link to connect with our team of experts for free consultation of trademark search. Get Your Company Registered @6999 Hurry Up. Limited Period Offer!! 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ITR के नए FORMS. Last Date से पहले फाइल करे अपनी ITR” link=”https://www.mydreamconsultant.com/breaking-news-new-itr-forms-for-ay-2020-2021-notified-income-tax-return-filing-for-ay-2020-2021/” description=”QnJlYWtpbmcgTmV3cyB8IE5ldyBJVFIgRm9ybXMgZm9yIEFZIDIwMjAtMjAyMSBOb3RpZmllZCB8IEluY29tZSBUYXggUmV0dXJuIEZpbGluZyBmb3IgQVkgMjAyMC0yMDIxLiBJVFIg4KSV4KWHIOCkqOCkjyAgRk9STVMuIExhc3QgRGF0ZSDgpLjgpYcg4KSq4KS54KSy4KWHIOCkq+CkvuCkh+CksiDgpJXgpLDgpYcg4KSF4KSq4KSo4KWAIElUUg==” icons_boxed=”yes” icons_boxed_radius=”50%” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”bottom” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility” class=”” id=”” /][fusion_text columns=”1″ column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility” class=”” id=”” dynamic_params=”e30=”] Share This Post on Social Media [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_3″ layout=”1_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”true” padding_left=”0px”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] India’s Leading and Experienced MSME
What is ISO Certification I 10 Reasons Why You Need ISO 9001 Certification?
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background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”What is ISO Certification I 10 Reasons Why You Need ISO 9001 Certification?” link=”https://www.mydreamconsultant.com/what-is-iso-certification-i-10-reasons-why-you-need-iso-9001-certification/” description=”V2hhdCBpcyBJU08gQ2VydGlmaWNhdGlvbiBJIDEwIFJlYXNvbnMgV2h5IFlvdSBOZWVkIElTTyA5MDAxIENlcnRpZmljYXRpb24/IOCkleCljeCkr+CkviDgpLngpYjgpIIgSVNPIENlcnRpZmljYXRpb24/IOCkleCljeCkr+Cli+CkgiDgpLngpYjgpIIg4KSc4KSw4KWC4KSw4KWA” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”1686|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/06/isooo-1024×667.jpeg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] What is ISO Certification I 10 Reasons Why You Need ISO 9001 Certification? What is ISO? “ISO” stands for International Organization for Standardization. Yes, it’s not exactly a perfect acronym, but you get the idea. ISO is an international body which sets standards designed to help organizations sufficiently meet the needs of stakeholders, whether those are customers, employees, business partners, or others while at the same time adhering to regulations pertinent to their product or service ISO 9001 Certification ISO is an organization which creates several different standards (often known as the family of standards) and ISO 9000 is the group of standards that focuses on quality management systems. ISO 9001 certification is the actual certification indicating that an effective quality management system is in place and maintained. Finally, there are different organizations (certified registrars) which provide certifications by auditing potential applicants. • ISO sets certain standards for excellence. • ISO 9001 is a quality management approach system. • Certification means an independent body has found that the company meets the standards set forth by ISO. • Routine audits are conducted by the registrar to assure ongoing compliance. 10 Reasons Why You Need ISO 9001 Certification? Each standard supports its own benefits within every industry, however the common benefits across the certifications include: widened market potential, compliance to procurement tenders, improved efficiency and cost savings, higher level of customer service, and therefore satisfaction, and heightened staff moral and motivation. By having a recognized management standard it tells your customers that you are serious about their needs. Some of the major significance of ISO Certification are as follows:- 10. Improved chance of winning contracts Having ISO 9001 certification can go a long way to helping a business to secure partnerships with both the public and private sectors. With public sector tenders, certification to ISO 9001 is a strong signal that a business is well-run and credible, removing the need for extensive due diligence. Similarly, many private sector organisations have made it a requirement for their suppliers to be certified to ISO 9001. It signifies that quality is taken seriously and can be relied on in all aspects of the business. 9. Increase Customer Satisfaction with your Products An integral aspect of ISO 9001 is customer satisfaction. In addition to boosting business, the standard also focuses on the customer. By encouraging feedback and analysing it, the standard helps businesses to improve the quality of service, fostering a ‘right first time’ attitude. Over time, your organisation will incur fewer complaints and cultivate greater customer satisfaction. 8. Reduced product or service problems ISO 9001 certified businesses are better prepared to deal with the unexpected. For instance, if a product is not up to scratch, there will be processes in place that help to ensure that the problem is dealt with efficiently and does not recur. 7. Better management Appropriate analysis and reporting is a key factor in running a business well. The ISO 9001 standard helps businesses to get this right. 6. Increased consistency in business practices Implementing the practices required by the standard will offer the type of consistency that benefits everyone, including customers. It ensures that processes within a business are common and understood which helps employees be clearer on the tasks involved, rather than spending time thinking about what to do or even making things up. How To Make Brand Your Business Name. Click To Read Complete Article. 5. Get More Revenue and Business from New Customers Once you earn your ISO 9001 certification, you can advertise your quality certification and respond to requests for quotes (RFQ) from companies that make ISO 9001 certification a “must-have”. ISO 9001 certification can open up new markets you were virtually unable to do business with before your certification. 4. Describe, Understand, and Communicate Your Company Processes The ISO 9001 QMS standard requires that you identify and describe your processes using business metrics, the purpose of which is to better manage and control your business processes. Quality objectives form the center of your system. Metrics are used to understand and communicate your system’s performance relative to your quality objectives. If you make an honest attempt to conform to the requirements of getting ISO 9001 certification, you’ll learn more about your business. 3. Improve the Consistency of Your Operations What is consistency? Well, one way to think of it is “decreased variation”. Reducing the variation in your processes is the definition of consistency. Is your customer better served by you supplying them with a consistent product — same dimensions, same weight, same
How To Choose a Catchy Business Name for Startup | Brand | Company | 15 Best Tricks
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filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_6″ layout=”1_6″ spacing=”0%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”large-visibility” class=”” id=”social_Sticky_Side” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”How To Choose a Catchy Business Name for Startup | Brand | Company | 15 Best Tricks” link=”https://www.mydreamconsultant.com/how-to-choose-a-catchy-business-name-for-startup-brand-company-15-best-tricks/” description=”SG93IFRvIENob29zZSBhIENhdGNoeSBCdXNpbmVzcyBOYW1lIGZvciBTdGFydHVwIHwgQnJhbmQgfCBDb21wYW55IHwgIDE1IEJlc3QgVHJpY2tzLiDgpKjgpL7gpK4g4KS44KWHIOCkrOCkqOClh+Ckl+CkviDgpJXgpL7gpK4gLSDgpJXgpYjgpLjgpYcg4KSa4KWB4KSo4KWH4KSCIOCkheCkquCkqOClhyDgpLjgpY3gpJ/gpL7gpLDgpY3gpJ/gpIXgpKogfCDgpKzgpY3gpLDgpL7gpILgpKEgfCDgpJXgpILgpKrgpKjgpYAgfOCkleClhyDgpLLgpL/gpI8g4KSP4KSVIOCkhuCkleCksOCljeCkt+CklSDgpLXgpY3gpK/gpLXgpLjgpL7gpK8g4KSV4KS+IOCkqOCkvuCkriAgLSAxNSBCZXN0IFRyaWNrcw==” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”1672|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/06/brand-1024×661.jpeg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] How To Choose a Catchy Business Name For Your Startup | Brand | Company | -15 Best Tricks What is a Business Name? A business name is simply a name or title given to a particular business to serve as identification. Also a business name can be known as a trade name which is used for trading commercial products goods and services. Naming a new business is one of the numerous processes involved in setting up a new business and there are a lot of factors to be considered when choosing a business name. In fact, finding a business name is quite a crucial and herculean task. Some companies even spend thousands of dollars just to have their prospective names tested. They go through great lengths in order to assure the universality of the company name. Companies have to think of something catchy and easy-to-remember. It has to be one that will give consumers a good idea of what the business is about. A business name is one the company will carry for a long time. That is why it is important that a lot of time and thinking be allotted to this process. Importance of Naming a Business Naming a business is very important as it serves as a means of identification. And just as I said earlier, it is your business name that sends a message about your business ‘to the outside world. Below are the importance of a business name. • It is important to name a business because it represents your business identity. • It compels your target market • It is makes your business memorable to potential clients. • It helps your business to stand out competition and draws customer’s attention • It is an essential component for branding and brand identity creation. 15 Best Tricks to Choose a Catchy Business Name For Your Startup | Brand | Company:- Most of the time, most entrepreneurs prefer business names that have a personal touch to it; because it has a connection to the owner. It could be a name, a word or something just coined by the owners of the company. The business name can be something thought of prior to the creation of the business or it may be a long list of names to choose from. When the latter is the case, some helpful tips on how to choose a business name may help trim down the list. Here are some of the best tricks to select a Catchy Business Name. 15. Make a list of things for your brand to convey List all of the things you want your brand to convey. These can be descriptive adjectives, emotional responses or things you want people to think when they see the name. Basically it’s anything that you want to bring to mind when people see or hear your brand’s name. You likely won’t be able to choose a name that conveys every single thing you want your brand to convey, so prioritize your list and see how many of your items you can check off with the various names you think of. 14. Make sure the business name is short and simple Short and simple names are easy to remember and use in conversations. This is exactly what you want your customers to do. Most businesses depend on recommendations from satisfied customers, and so if they can’t remember your business name, it will be hard for them to recommend you. When picking a name, you should ask yourself is it simple and if yes, is it easy to remember? Some of the biggest and renowned companies and brands with simple and easy to remember names include Paytm, Zomato, OYO, Apple and Dell among many others. 13. Make It Relevant and Catchy for your business Even if you go for a completely made-up word or a non-existent variation of an actual word, you should pursue industry relevance and catchiness. Brand names often provoke specific associations because of what they sound like. Keep this fact in mind when considering the right title for your startup. MyDreamConsultant is an excellent example of a company title that accomplishes both goals. It’s catchy and it’s also incredibly relevant for the field that the business operates in – dream consulting services. One get the appropriate and relevant services here. There are so many other excellent examples that bring both catchiness and relevance to the table – Burger King, Gmail, Uber, Ola, Groupon, etc. 12. Think of Your Online Presence for your business
Pvt Ltd Co vs LLP? What is best for a new business or start-up
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”0″ border_color=”” border_style=”solid” margin_top=”-4%” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_6″ type=”1_6″ layout=”1_6″ spacing=”0%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”large-visibility” class=”” id=”social_Sticky_Side” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”Private Limited Company Vs LLP. What are the difference between Company & LLP?” link=”https://www.mydreamconsultant.com/private-limited-company-vs-llp/” description=”UHJpdmF0ZSBMaW1pdGVkIENvbXBhbnkgVnMgTExQLiBXaGF0IGFyZSB0aGUgZGlmZmVyZW5jZSBiZXR3ZWVuIENvbXBhbnkgJiBMTFA/” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”1575|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/Pvt-Ltd-Co-vs-LLP.-What-is-best-for-a-new-business-or-start-up-1024×651.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Pvt Ltd Co vs LLP? What is best for a new business or start-up Private limited company and Limited Liability Partnership (LLP) are the two most popular type of business in India. Both are governing with the different acts i.e. LLP is govern by the Limited Liability Partnership Act, 2008 and Private Limited Company are govern by the Companies Act, 2013. But the governing body of both entities are the same which is known as Ministry of Corporate Affairs, Government of India. In recent time is seated and administered by Respected Shri Nirmala Sitaraman (Finance Minister). In this article we discuss which will be the better form of for your small business or MSME sector suitable for you and which is more compatible for an entrepreneur starting a new business. First of all we will discuss about the Private Limited Company What is Private Limited Company ? Private Limited company means a company registered under section 2(68) of the Companies Act, 2013. i.e. “Private company” means a 8[company having a minimum paid-up share capital 4[Omitted] as may be prescribed, and which by its articles],— (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member: Provided further that— (A) persons who are in the employment of the company; and (B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased, shall not be included in the number of members; and (iii) prohibits any invitation to the public to subscribe for any securities of the company; Get Your Company Registered @6999 Hurry Up. Limited Period Offer!! Thus, in short there are following characteristics of Private Limited Company; 1. No Minimum Capital required 2. Can be start with two person only 3. There can be maximum 200 person in private limited company 4. Restriction on transfer of shares to public 5. Having speciality of Separate Legal Entity 6. Limited Liability of Member 7. Less tax rate i.e. 25% 8. Govern by the Companies Act, 2013 and rules made thereunder 9. Having feature to raise funds by debentures and ECB if required LEGAL COMPLIANCE TO BE DONE BY A PRIVATE LIMITED COMPANY WITHIN THE YEAR There are following compliance to be done by the private limited company within the year; 1. DIR-3-KYC of its director: on or before 30th September of the related preceding financial year 2. MSME-1 e-Form: to be file within 30 of end of financial year having details regarding the dues of MSME sector on company whether they have been paid properly or not 3. DPT-3: to be file on or before 30th June of every year and furnish the information contained therein as on the 31st day of March of that year duly audited by the auditor of the company. 4. ADT-1: Information regarding related to the Auditor appointment within 30 days of AGM 5. Income tax Return filling 6. AGM of members on or before 30th September 7. Atleast 4 board meeting of its director 8. AOC-4: To be file within 30 days of AGM having details regarding the financials of company 9. MGT-7: Annual return of Company Now we should discuss about the LLP What is LLP? LLP stands for Limited Liability Partnership. It is extended form of business from partnership firm with the features of private limited company. This concept of introduced by the Government of India in the year. This is governed by Limited Liability Partnership Act, 2008 and rules made thereunder. Definition: It is a type of Partnership form of business having the feature of limited liability and separate legal entity. According to section 2(1) (n) of the act “limited liability partnership” means a partnership formed and registered under this Act. Further, it is a contractual obligation between the partners of LLP called LLP Agreement. This agreement defines rights, liabilities, duties and powers of the partners and designated partners of the LLP. But there are limited sources of funding in LLP in comparison of Private Limited Company. Get 1 Crore MSME Loan In Just 59 Minutes. Click To Read Complete Article. Thus, there following characteristics of an LLP can be categories as follows; 1. Separate legal entity: The LLP is treated as a separate
What is Trademark? Registration Process? Benefits of Trademark Registration in India.
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”0″ border_color=”” border_style=”solid” margin_top=”-4%” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_6″ type=”1_6″ layout=”1_6″ spacing=”0%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”large-visibility” class=”” id=”social_Sticky_Side” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false” margin_bottom=”86px” padding_right=”114px”][fusion_sharing tagline=”” tagline_color=”” backgroundcolor=”” title=”What is Trademark? Registration Process? Benefits of Trademark Registration in India” link=”https://www.mydreamconsultant.com/what-is-trademark-registration-process-benefits-of-trademark-registration-in-india/” description=”V2hhdCBpcyBUcmFkZW1hcms/IFJlZ2lzdHJhdGlvbiBQcm9jZXNzPyBCZW5lZml0cyBvZiBUcmFkZW1hcmsgUmVnaXN0cmF0aW9uIGluIEluZGlhLuCkleCljeCkr+CkviDgpLngpYjgpIIg4KSf4KWN4KSw4KWH4KSh4KSu4KS+4KSw4KWN4KSVPyBUTS9SIOCkn+CljeCksOClh+CkoeCkruCkvuCksOCljeCklSDgpLDgpJzgpL/gpLjgpY3gpJ/gpY3gpLDgpYfgpLbgpKgg4KSV4KWHIOCksuCkvuCkrSAhIFRNL1IgMTAgTWFqb3IgQWR2YW50YWdlcy4=” icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ layout=”2_3″ spacing=”3%” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”false”][fusion_imageframe image_id=”1558|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/brand-new-1024×721.jpg[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] What is Trademark? Registration Process ? Benefits of Trademark Registration in India Trademark is basically the identity of a brand. It is a visual symbol, which is used by a business to distinguish its goods or services from other similar goods or services originating from a different business. It basically comprises of the shape of the goods, it’s patterns, designs, and packaging, etc. The name, logo, product or service is the crux of a business and thus, formulate a part of its trademark. It becomes very important for any of the business to protect its intellectual assets with Trademark Registration so that no other similar entity can use its brand name and goodwill without licensing and prior permission Trademark Registration Process in India The very step in the trademark registration process involves checking out if the trademark picked by you already exists or not by conducting a trademark search. If the selected trademark is available, then you require verifying the type of the trademark. If in case the selected trademark is not available, then with some expert guidance, you can decide on a similar mark. Also, if your proposed mark is unique, then the possibility of its rejection shall be quite low. The next step involves choosing the right class under which you will register your mark. For instance – if your product is something related to hair oil, cosmetics, or body lotion, you will have to apply under Class 3. After selecting all these things, comes the stage of filing the trademark application, where you need to fill in the required details to get the registration process initiated. The registrar then conducts an examination process to check the viability of the mark. If the proposed mark is accepted by the registrar and doesn’t face any objections, then you will receive the trademark registration certificate and can use the ® symbol on the corresponding product or service MSME Registration In Just 799/- Rs. Hurry Up Limited Period Offer . Benefits of Trademark Registration:- Trademark allows you and a third party to distinguish your commodities and services from those pertaining to your competitor. However, it would be helpful to hold in mind that geographical names, familiar names, fair trade words and common compression cannot be registered as a trademark. Apart from existing unique, a Trademark should be simple to use, make your goods marketable and generate brand recognition for your products. Benefits of Trademark Registration are as follows: 1. Exclusive identification: The product and services provided by the business are uniquely identified by consumers and audiences. This helped to build a market reputation and thus, becomes the face of the business entity. It ensures the sole ownership of a particular symbol, logo, name, such that it is not misused. 2. Exclusive rights: The right to exclusively use it in respect of the goods and services offered by the business entity. 3. Legal protection: Once the trademark is registered, an infringement of the existing trademark can be sued by the owner. Thus, it gives certain legal protection in following situations: • Before any trader creates their trademark • Avoids chances of infringement as in the process one might find trademark through Trademark Database or Trademark Registry. • In cases when a trader tries to register the same brand name as existing in the Trademark Registry, it would be objectionable in the Trademark’s Office. • In case of infringement, one is able to receive the right to claim under certain conditions. 4. Building up trust or Goodwill: Serving quality products and services under a registered trademark builds up an image of the business entity in the marketplace. It also portrays that the business cares about the brand building and this passes on positive values about the brand to the customers or public. 5. Global permits: Trademark registration in India helps the domestic traders in getting exposed to the global market through International Trademark System. It is important to note that even Non-Resident Indians and foreigners are eligible to register a trademark in India. On the other hand, Indians can register their trademarks globally. 6. Protection from infringement claims: Once the trademark is registered, one can be sure of the infringement claims. This means if the trademark is recorded, one may require a proper legal evidence in order to defend a trademark publicly. 7. The value in the market: A trademark standardizes the product and services provided by the business entity in the market. This builds up the value of the brand such that it is easy for a customer
Raising funds by NBFC through Debentures
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false”][fusion_imageframe image_id=”1326|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/nidhi-vs-nbfc-1212121-1-1-1-1024×616.jpg[/fusion_imageframe][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”20″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] ISSUE OF NON-CONVERTIBLE REDEEMABLE UNSECURED DEBENTURES BY AN NBFC (i.e. FOR PRIVATE & PUBLIC LIMITED NBFC COMPANY In this article we will describe about the process, how the debentures can be issued to some person without stating the name as Private Placement Basis or not covered in the definition of Public to the person intending to subscribe the debentures (Unsecured Non-Convertible & redeemable) to the intending subscribers. This scenario can be applied on both Public Company as well as Private Company. In this scenario we will explain that how a company will be able to issue the debentures <= > to 50 persons without covered under the definition of Private Placement Basis in terms of Section 42 of Companies Act, 2013. First of all we will try to understand some legal point to keep issue in front of you; When a company can issue debentures? A Company may issue debentures subject to following condition in terms of Section 71 of Companies Act, 2013 and Rule 18 of Companies (Share Capital & Debentures Rules), 2014 as amended; 1. Issue of debentures shall be approved by the members in their meeting by passing special resolution. Sec 71(1) 2. No company shall issue a prospectus or make an offer or invitation to the public or to its members exceeding five hundred for the subscription of its debentures, unless the company has, before such issue or offer, appointed one or more debenture trustees and the conditions governing the appointment of such trustees shall be such as may be prescribed.” Section 71(5) In addition to the provisions of SEBI regulations, the aforesaid Section 71(5) also mandates the appointment of a debenture trustee when the offer or invitation is made to the public. Hence, it is important to determine when an ‘issue’ will be considered to be made to the ‘public’. The Act does not stipulate any specific provision for situations ‘when an issue will be deemed to be made to the public’. However, the reference of the same could be taken from Section 42(2) of the Act (as amended recently), wherein, the threshold limit for private placement is defined as 50 persons in a financial year. Hence, any issue to more than 50 persons would be outside the purview of ‘private placement’ and shall be construed as an issue to the ‘public’. In view of the above, it is clear that the requirement for appointment of a debenture trustee is mandatory in case of debentures issued to the ‘public’ or to the ‘members of the issuer company exceeding 500’. 3. Issuance of debentures on private placement only to made to a select group of persons who have been identified by the Board (herein referred to as “identified persons”), whose number shall not exceed fifty or such higher number as may be prescribed [excluding the qualified institutional buyers and employees of the company being offered securities under a scheme of employees stock option in terms of provisions of clause (b) of sub-section (1) of section 62], in a financial year subject to such conditions as may be prescribed. (Section 42) 4. Appointment of debenture trustees and Listing of debentures is compulsory in terms of Companies Act 2013 and ICDR Regulation 2009 & SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008 only when A. They are issued to more than 50 person on private placement basis and B. They are issued to more than 500 members of company. 5. Face value of Debenture we should keep Rs. 20,000 to free from conflict in terms RBI circular No RBI/2014-15/475 DNBR (PD) CC No.021/03.10.001/2014-15 to keep extra precautions for debentures having maturity more than one year. 6. An NBFC (excluding Core Investment Companies) shall issue debentures only for deployment of funds on its own balance sheet and not to facilitate resource requests of group entities / parent company / associates. 7. An NBFC shall not extend loans against the security of its own debentures (issued either by way of private placement or public issue). PROCESS OF ISSUE OF DEBENTURES TO BE FOLLOW IN TERMS OF LAW; 1. First of all, pass a special resolution in Annual General Meeting or Extra Ordinary General Meeting of members of Company to issue redeemable non-convertible unsecured debentures. Section 71(1) 2. Interest rate shall also be decided by the members of company and the resolution should contain about the interest rate of debentures in brief. However, Companies Act, 2013 salient about the interest rate on debentures. 3. The resolution shall contain in brief the condition to issue the debentures that the debentures to be issued to only the members/shareholders of the company and they will not be more than 500 in any case. 4. By this resolution the issuance of debentures will considered neither private placement nor public issue as explained in brief above. 5. Whenever any person
Nidhi Company vs NBFCs – 10 Things that Nidhi Company can not do as NBFC.
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”2_3″ type=”2_3″ layout=”2_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false”][fusion_imageframe image_id=”1320|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/nidhi-vs-nbfc-1-1024×572.jpg[/fusion_imageframe][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”20″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] In the previous blog we have briefly discussed about the Nidhi Company, in this we are discussing about the 10 facts which cannot be done by Nidhi Company like a NBFC. To understand this first of all we have understand the difference between the Nidhi Company and NBFC. So, below first of all we will understand the difference between the same; Difference between Nidhi Company vs NBFC:- [/fusion_text][fusion_table fusion_table_type=”1″ fusion_table_rows=”16″ fusion_table_columns=”3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Difference Nidhi Company NBFC Type of Company It is public limited company in terms of Companies Act, 2013 It can be both Private Company as well as Public Company Administrative Body It comes under the Ministry of Corporate Affairs, GOI. It comes under Ministry of Corporate Affairs, GOI and Reserve Bank of India. Compliance It has less compliance then NBFC It is having more compliance then Nidhi Company because it has to follow the norms made by the RBI also. No of members It has to make 200 members within one year of Incorporation. No such requirement Capital Requirement It has to bring its paid up capital of Rs 10,00,000/- within one year of incorporation To start NBFC Rs. 2 Crore as paid up capital. Public Issue (IPO) Not allow Can bring Deposits It can accepts the deposits without the approval of RBI Pre-approval is required to accepts deposits from public Object The main objective is to cultivate the habit of savings among its members and, To receive or lend deposits to its members for their mutual benefit. It deals with its members only. engaged in the business of loans & advances, and acquisition of shares/ stocks or other securities issued by government or local authority, leasing, hire-purchase, insurance business, but do not include those financial institution whose principal business is related to agricultural activity, industrial activity, sale or purchase of any goods or services other than securities and sale/purchase/construction of immovable property. Type of Loans It can give only secured loans It can give all type of loans whether secured or unsecured Area of operation It can give loans and accepts deposits from its members only It can do business with general public as well as its members. No such prohibition. Branches It is not allowed to open the branches other then its registered office for a period of three years from registration. No such prohibition. Can do business in all India by any number of branches. Issue preference shares and debentures Not allowed Allowed Inter Corporate Deposits Not allowed to accept Allowed Column 1 Value 15 Column 2 Value 15 Column 3 Value 15 [/fusion_table][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] Now I have hoped that you have understood the difference between the Nidhi Company and NBFC. Now it will be easier for me to explain the 10 things which the Nidhi cannot do as NBFC. May be the points will be similar as above because some difference will be the items not allowed for Nidhi which can be done by NBFC. 10 THINGS WHICH THE NIDHI CANNOT DO AS NBFC 1. Public Issue (IPO) Nidhi Company is not allowed to bring IPO because it is formed for cultivating habit of savings among the members of company. So, the company cannot raise funds from general public for its business expansion. Whereas, in NBFC no such prohibition because the core area of business operation of NBFC is lend money to general public 2. Current Account Nidhi Company is incorporated for mutual benefit of its members so it cannot open current account of its members. Whereas in NBFC no such prohibition is there 3. Commission or brokerage A Nidhi company cannot give commission or brokerage to its agent or members for bringing members who will take loans or make deposits with the company because all the activities are done among the members of company. On the other hands NBFC is not bound for the same because finance is the main business object of company. 4. Acceptance of Inter-Corporate Deposits A Nidhi Cannot accepts the Inter Corporate Deposits in terms of section 186 of Companies Act 2013 because Nidhi can to activity with its members only because a corporate cannot be member of Nidhi Company as it is restricted under Companies Act, 2013. 5. Issue of preference Share Capital and Debentures A Nidhi cannot issue preference shares and debenture to any person because it is prohibited under the rule 4,5,6 and 10 of Nidhi Rules, 2014 framed under the Companies Act, 2013. 6. Opening of Branches other than its registered Office A Nidhi cannot open its branch other than its registered office for a period of 3 years form the date of its registration. On the other hands no such prohibition on NBFC because the core business of NBFC is to lending money.
Turn Crisis into Opportunity!!! 10 Most Profitable Business during COVID- 19
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”2_3″ type=”2_3″ layout=”2_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false”][fusion_imageframe image_id=”1299|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/10-most-profit-business-1024×640.jpg[/fusion_imageframe][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”20″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” image_max_width=”” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility”][fusion_content_box title=”कोरोनो वायरस की समस्या वैष्विक समस्या हैं। दुनिया इस समस्या से होने वाले वर्तमान और आगामी आर्थिक परिणामों का मुकाबला करने के लिए कड़ी मेहनत कर रही है। कोरोना वायरस की यह गंभीर समस्या निरंतर बढ़ती जा रही हैं, इसलिए यह उम्मीद की जाती है कि व्यवसाय लंबे समय तक सामान्य नहीं होंगे। यहां तक कि उपभोक्ता व्यवहार भी एक नया मोड़ लेगा और supplier – customer के मध्य काफी बदलाव देखने को मिलेगा। Customer उम्मीद करेगा की उसे सामान या सेवा की सप्लाई घर पर ही उपलब्ध हो जाये।” backgroundcolor=”” icon=”fa-hands fas” iconflip=”” iconrotate=”none” iconspin=”” iconcolor=”#f700f3″ circlecolor=”#ffeb3b” circlebordersize=”1″ circlebordercolor=”” outercirclebordersize=”2″ outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”Read More” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” /][fusion_content_box style=”color: #e83d00; font-family: Ovo;” data-fusion-font=”true” data-fusion-google-font=”Ovo” data-fusion-google-variant=”400″ backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” title=” How It Is Done ? “] आने वाला समय ऑनलाइन प्लेटफ़ॉर्म की ओर भारी ट्रैफ़िक का trend देखेगा। यह प्लेटफ़ॉर्म प्रत्येक व्यक्ति को अपना ऑनलाइन कारोबार स्थापित करने का सुनहरा अवसर देता है। यहां तक कि, वर्तमान समय में, एक ऑनलाइन व्यवसाय के साथ आगे बढ़ना आपके लिए काफी लाभदायक होगा। यहाँ एक छोटा सा Article है, कि आप कौन से ऑनलाइन व्यवसाय आसानी से शुरू कर सकते हैं और सेट-अप के लिए आपको किन सभी बातो का ध्यान रखना होगा। [/fusion_content_box][fusion_content_box title=”1. Set up your own hyper local delivery business:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] With all types of businesses finding ways to reach their customers doorstep, delivery solutions are becoming a life-savior. And for this reason, delivery services have observed a surge in their business amid the corona virus crisis .An famous author says “A changing economy means new opportunities, especially for delivery services. ”Regardless of the business size & type, there is a need for a robust delivery management solution. [/fusion_content_box][fusion_content_box title=”2. Set up Online Education Classes:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Educational institutions around the world are forced to shut down and shift to online learning program. This crisis has definitely triggered an online boom for education industry. As per the stats, education app downloads spiked in March, 2020, increasing nearly 300%. While it is helping to cope with the current emergency, it is also preparing the world for the next future. It is a great idea to build your trusted platform for learning. [/fusion_content_box][fusion_content_box title=”3. Set up Grocery Delivery Business:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] The fear of getting exposed to the pandemic keeps people from going to offline grocery stores. While the stock in their homes doesn’t seem to be lasting for longer now, they are ordering it online. It is the major reason for the exponential rise in number of downloads for grocery delivery apps in the recent days. Did you know, downloads of Grofers, DealShare grocery app and others have increased multiple times during this lock down period. Take your grocery store online to ensure timely delivery of grocery orders at customers’ doorstep. [/fusion_content_box][fusion_content_box title=”4. Set up Medicine Delivery Business:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] At this moment, pharmaceutical businesses have an essential role to play. People quarantining themselves find it difficult to reach medical stores. Not only those affected by the virus, but others who are dealing with minor or major health issues, are failing to get medicines on time. Hence, it becomes the responsibility of pharmacy businesses to contribute in the fight against Corona virus. With a right tech partner by your side, you can switch to an online medicine delivery business in just a few weeks. [/fusion_content_box][fusion_content_box title=”5. Set up an Healthcare Consultation Business:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Remote health care is playing a crucial part in navigating the impact of the virus outbreak. The Economist stated, “Online health care helps patients and medical workers—and will be a legacy of combating the novel corona virus”. Amid the isolation-time, it is important for healthcare professionals to take care of their patients, without encouraging them to step outside. For this, you need to reach them digitally. You can offer the best possible solutions to their health issues with the help of your own branded online healthcare app. [/fusion_content_box][fusion_content_box title=”6. On-Demand Doctors/Nurses/Caretakers:” backgroundcolor=”” icon=”” iconflip=”” iconrotate=”” iconspin=”” iconcolor=”” circlecolor=”” circlebordersize=”” circlebordercolor=”” outercirclebordersize=”” outercirclebordercolor=”” image=”” image_id=”” image_max_width=”” link=”” linktext=”” link_target=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] According to a report, a Delhi based online doctor platform Push Doctor saw a 80% increase in consultations. Hence,
E-Form INC-20-A (Declaration For Commencement Of Business) File It To Avoid Penalty 50,000 Rs.!!!
[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”2_3″ type=”2_3″ layout=”2_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”rgba(239,239,239,0)” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”true” last=”false”][fusion_imageframe image_id=”1273|large” max_width=”” style_type=”glow” blur=”14″ stylecolor=”#0a0026″ hover_type=”none” bordersize=”0″ bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]https://www.mydreamconsultant.com/wp-content/uploads/2020/05/INC-20A-img-1-1-1024×537.jpg[/fusion_imageframe][fusion_separator style_type=”default” sep_color=”rgba(239,239,239,0)” border_size=”20″ icon=”” icon_circle=”” icon_circle_color=”” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][/fusion_text][fusion_content_boxes layout=”icon-with-title” columns=”1″ heading_size=”2″ iconspin=”no” icon_align=”left” animation_direction=”left” animation_speed=”0.3″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] Every company registered on or after 02/11/2018 under the act is required to file a declaration for that the company has started its business operations under section 10 A(1)(a) of companies act, 2013 and rule 23 A of Companies (Incorporation) Rules, 2014 with the registrar of companies. As per this the company is required to file such declaration in E-Form INC-20A under this section the company cannot start its business operation without filling of this form. In the form an attachment is attached which is bank statement of the company. The bank statement is the proof that every subscriber to the memorandum of company incorporated has paid the subscription amount with the company. The details of the form are certified by the following professional; 1. Company secretary in practice 2. Chartered accountant in practice 3. Cost accountant in practice Provided that in the case of a company pursuing objects requiring registration or approval from any sector’s regulators such as the Reserve Bank of India, Securities and Exchange Board of India, etc., the registration or approval, as the case may be from such regulator shall also be obtained and attached with the declaration. Further, as per act this form is required to file within 180 days of incorporation. But, our finance minister has given us relaxation for another period of six months. So, now for short tenure the company may file this form within one year of incorporation without any penalty. Form Download link: http://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/NCA/Form_INC-20A.zip Extract of section 10 A of companies Act, 2013 Section 10A : A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital shall not commence any business or exercise any borrowing powers unless; (a) a declaration is filed by a director within a period of one hundred and eighty days of the date of incorporation of the company in such form and verified in such manner as may be prescribed, with the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration; and (b) The company has filed with the Registrar a verification of its registered office as provided in sub–section (2) of section 12. (2) If any default is made in complying with the requirements of this section, the company shall be liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues but not exceeding an amount of one lakh rupees. (3) Where no declaration has been filed with the Registrar under clause (a) of sub-section (1) within a period of one hundred and eighty days of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may, without prejudice to the provisions of sub-section (2), initiate action for the removal of the name of the company from the register of companies under Chapter XVIII.] Extract of Rule 23A of the Companies (Incorporation) Rules, 2014 Rule 23A: Declaration at the time of commencement of business‑ The declaration under section 10A by a director shall be in Form No, 1NC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company Secretary or a chartered Accountant or a cost Accountant. in practice: Provided that in the case of a company pursuing objects requiring registration or approval from any sector’s regulators such as the Reserve Bank of India, Securities and Exchange Board of India, etc., the registration or approval, as the case may be from such regulator shall also be obtained and attached with the declaration. [/fusion_text][fusion_social_links icons_boxed=”” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” blogger=”” deviantart=”” digg=”” dribbble=”” dropbox=”” facebook=”https://www.facebook.com/MY-DREAM-Consultant-102829418000245/” flickr=”” forrst=”” instagram=”https://www.instagram.com/mydreamconsultant/” linkedin=”” myspace=”” paypal=”” pinterest=”” reddit=”” rss=”” skype=”” soundcloud=”” spotify=”” tumblr=”” twitter=”https://twitter.com/MYDREAMCONSULT2″ vimeo=”” vk=”” whatsapp=”https://api.whatsapp.com/send?phone=918764369079&text=” xing=”” yahoo=”” yelp=”” youtube=”https://www.youtube.com/channel/UCdOZs17rpwXfoA6yT3VWzrA” email=”” show_custom=”no” custom_5=”tel:+918764369079″ alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_text columns=”1″ column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””] Share This :- [/fusion_text][fusion_sharing tagline_color=”#ff9900″ backgroundcolor=”” title=”How To Make Your Business 100 Times Grow After Lock-down? 10 Most Important Tips !” link=”https://www.mydreamconsultant.com/how-to-make-your-business-100-times-grow/” description=”SG93IFRvIE1ha2UgWW91ciBCdXNpbmVzcyAxMDAgVGltZXMgU3VjY2Vzc2Z1bCBBZnRlciBMb2NrLWRvd24/IDEwIE1vc3QgSW1wb3J0YW50IFRpcHMgLSBNeSBEcmVhbSBDb25zdWx0YW50″ icons_boxed=”yes” icons_boxed_radius=”” color_type=”brand” icon_colors=”” box_colors=”” tooltip_placement=”” pinterest_image=”https://www.mydreamconsultant.com/wp-content/uploads/2020/05/IMAGE.jpg” pinterest_image_id=”1185|full” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_3″ type=”1_3″ layout=”1_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ first=”false” last=”true”][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” content_align=”center” size=”2″ font_size=”27px” animated_font_size=”” line_height=”” letter_spacing=”” margin_top=”” margin_bottom=””
