aavanacorporatesolutionprivatelimitedblog

  In every dealing of financial aspects there are Do’s & Don’t that need to be diligently followed especially, if you want to avoid losses. These Do’s & Don’t are of utmost priority because it is based on the laws and rulings of the court that take place when it comes to the financial aspects of a nation. More precisely they hold a great effect on whether you choose to follow, either you make a profit out of it or incur losses that can be a little more than you were anticipating. Everything on this planet has its pros and cons, filing or not  filing of your income tax returns  is no different. The level of losses will only vary to case to case and the technicality differs from situation to situation. Interested to find out more then read on…. If filing of Income Tax return is not done before the due date: There will be heavy penalties levied for not filing income tax returns, it will be at the rate 1% per month from the  due date  of filing the return ti...

Is the LLP Registration Process the Best Option for Company Registration? When forming an LLP, there are a few requirements that must be met. Will you be able to lawfully form and manage an LLP if and only if you can meet the following requirements? A limited liability partnership (LLP) must be formed by at least two people. There is, however, no upper limit on the number of partners. In the case of an LLP, capital is decided by the business’s needs and the members’ contributions to the partnership. The Stamp Duty on the deed is determined by the amount of capital. To start a business as an LLP, there is no minimum capital need. A resident of India must be at least one of the LLP designated partners. When an LLP’s turnover is equal to or greater than 40 lakh and its total capital contribution is equal to or greater than 25 lakh, its accounts must be audited. Reason for LLP Registration   Use a company’s operational ease and flexibility to your advantage.   Reduce the amount of...

  What is a Nidhi Company? The Nidhi Company is a non-banking finance company that is governed by Section 406 of the Companies Act of 2013. A Nidhi company’s main business is lending money to the company’s members. Nidhi Companies include permanent funds, mutual benefit funds, a mutual benefit business, and benefit funds, to name a few. Characteristics of Nidhi Company A Nidhi company promotes small savings among the middle and lower middle class. Accepts term deposits based on timely returns The members of a Nidhi Company get easy access to loans against collaterals. Promotes effective means of savings and sanctions loans with minimum documentation. The membership structure is very rigid and therefore it follows a very secure means of investment. A Nidhi company mainly deal with and support small income groups. Depends on the honesty, integrity and loyalty of a member. Setting up a Nidhi Company does not require any RBI regulations There are lesser level of risks A Nidhi company f...

  AAVANA.IN Although some large firms are private companies, most private limited companies (Ltds) are small to medium-sized organizations. A private limited company is one that is owned by shareholders who have been approved by the other owners; it is often a family business. A private limited company’s profits are occasionally distributed to its shareholders as dividends, but they are also sometimes reinvested back into the company. The primary goals of a private limited business are to increase revenue and profit so that shareholders can get a good return on their investment. Many private limited companies will seek to expand their business by opening new locations, producing a greater range of products, or hiring more people. When a company grows large enough, it may decide to “go public” and become a public limited company. Why are they referred to as limited liability companies? Limited firms get their name from the fact that their owners have limited liability, which implies...

  The Registrar of Companies (ROC)   is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the Holding company who represents...

  Introduction Nidhi Company is a form of non-banking financial institution (NBFI) that is registered under the  Companies Act 2013 . It is involved in the business of borrowing and lending money to its members and works on the principle of mutual benefits by inculcating the habit of savings among its members. Nidhi Company can have member and director as the same person: Registration of Nidhi company  is an online process and it will be approved by the Ministry of corporate affairs in less than 20 working days. Nidhi company works as a finance bank by fulfilling the necessary terms and conditions set by the regulatory authority. As per the Nidhi rules, you can open only one branch in one district, after 3 years of profitable business you can open another branch in the same state. Nidhi company  gives only secured loans to its members and it accepts deposits in the form of saving deposits, recurring deposits, and fixed deposits. Regulations of Nidhi Company Nidhi com...

  The LLP form of partnership is often found in firms where liability is a big issue. Such kinds of firms include medical practices, law offices and accounting firms. In this type of partnership, the individual partner is not responsible for the malpractices of the other partner. ID proof (PAN card) Address proof (utility bills, election ID, Aadhaar card, driving license) Passport size photo To get your office registered (NOC from the owner/utility bills/rental agreement/registry proof/ house tax receipt https://aavana.in/blog/documents-required-to-register-your-llp-firm/

  Introduction: Section 12 & 13 of the companies act 2013 and incorporation rules 2014 states the law regarding having a registered office and shifting of the registered office of the company. The following are the provisions relating to shifting of registered office from one state to another; RO is an official office address of the company, where all the official letters will be sent by regulatory authorities or non-regulatory bodies. Shifting of RO from one state to another requires approval from the shareholders, Regional director, and much intimation.   Steps to follow to shift you RO from one state to another: Hold board meeting As per the provisions of SS-1 and companies act 2013, covey the board meeting For shifting of RO consider the proposal Alter the MOA of company Approve the notice of conducting the extraordinary general meeting Move the application to regional director Covey extraordinary general meeting Pass a special resolution at an extraordinary general me...

  Advantages of Company Registration / Subsidiary company in India A  foreign subsidiary company  is a partially or wholly-owned company that is a part of a larger corporation. The larger corporation must be headquartered in another country. The foreign subsidiary company works according to the laws of the country in which they are located. We have listed 9 important advantages if your register a foreign company . Control Establishing a subsidiary company in India gives the  parent  company  operational and strategic control over the company. This becomes a very vital benefit for the parent company. Synergies  Synergies are combining two services together to get a combined or greater effect. Establishing subsidiary companies provide the benefit of synergies where a common financial system is used, sharing the cost incurred between the parent company and subsidiary. Brand name The brand name is retained as both the parent company and the subsidiary bear...