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  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...

  To legally run the business operations, we need to take the first step of getting a company registered. An Incorporation Certificate is an authentic proof and also adds on certain benefits to you as an owner and your business:  Your company will be registered under the Ministry of Corporate Affairs (MCA)  Gives your company a separate entity  The company would be created as a legal entity  A company registration gives your company an individual recognition in the market  It is easier to  Raise Funds  and loans for your business  Company registration requires you to follow structured maintenance of your business’s accounts which in turn gives you tax benefits.  Establishing Business Bank accounts  Helps in Building a good reputation with Customers  Increases your  Brand Value  It is Immortal  Helps in getting the Investment for your Business  Helps in protecting your Brand  It helps you secure your Ass...

  By Directors & Shareholders  Latest passport size photo.  Copy of Pan card of Directors  Copy of Aadhaar Card  Copy of Voter Identity card/ driving licence/passport of the directors  In case of NRI or foreign national, passport copy has to be notarized at the Indian Embassy of the particular country.  Notarized utility bill of the particular country where the NRI or foreign national resides.  Latest bank statement of not less than two months old. For Office Address Proof  Registered office proof of the company stating if the property is rented/ leased.  Copy of the rental agreement or lease agreement.  Copy of electricity/water bill (business place).  In case of own property, copy of sale deed and electricity bill is sufficient  Copy of no objection certificate from the owner of the property Read through the  https://aavana.in/company-registration

Company Registration A company  is a legal entity that is formed by a group of people who engage themselves in the operation of a business. The line of business that the company chooses will determine the type of entity that the business will choose. Company registration  is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people. If you’re running a business which does not have an identity, there is a high chance of you as an owner, losing the unique name of your business to a person who has already got his company registered. You won’t be able to legally sue the person for this act. Company Registration will avoid such situations and also serves as an authentic proof for your business. Are you all set to start your next business venture?   Company Registration  can be a stressful task. However, registering your company legally will avoid unp...

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 repre...

  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 the foreign company in the  Domestic Company  ( the same person can act as a foreign director)  Minimum of Authorized and Paid -up capital has to be invested. Documents required for the company registration process in India Documents need to be arranged from foreign director/subscriber  PASSPORT and Voters ID (Similar to Resident Country) or Driving License (Apostiled and Notarized along with self attestation)  Bank Statement/ Telephone bill/ Mobile Bill/ Electricity bill as Address proof (Latest 0ne month bill) (Apostiled and Notarized along with self attestation)  Passport size photograph of Foreign Director  During of stay at present address of Foreign Director and place of birth and his Occupation  Educational Qualification of Foreign Director https:/...

  A company  is a legal entity that is formed by a group of people who engage themselves in the operation of a business. The line of business that the company chooses will determine the type of entity that the business will choose. Company registration  is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people. If you’re running a business which does not have an identity, there is a high chance of you as an owner, losing the unique name of your business to a person who has already got his company registered. You won’t be able to legally sue the person for this act. Company Registration will avoid such situations and also serves as an authentic proof for your business. Are you all set to start your next business venture?   Company Registration  can be a stressful task. However, registering your company legally will avoid unpleasant situat...

Company directors  are people who take up the responsibility of managing the company. They are responsible to promote the success of the business and also benefit the shareholders. Director  -There is no such specific definition of a director in statute, but in general the term “director” defines as any person who is not a minor or a person who together with the other members forms a board of directors and are responsible for forming and managing the company. A  director  needs to be rationally diligent with the right kind of skill, knowledge and experience to be able to carry out important roles in the company. The law permits a  public limited company  to have at least 3 directors, a minimum of 2 directors in the case of a  private limited company  and a  one-person company  can have a minimum of 1 director. What are the types of Directors? There are many types of  directors . Here, we will discuss the different types of directors...

  About   Company Registration Services In India 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. Why Choose Aavana? Are you running short of time to achieve your business requirements? Aavana is your one-stop solution. With the perfect mix of experience and skill, we’re confident enough to render the...

 Looking for how to set up LLP in India your search stops now! Limited liability partnership  or LLP is a combination of both  partnership  and corporation. It has the feature of both these forms. As the name suggests partners have limited liability in the company which means that the personal assets of the partners are not used for paying off the debts of the company. Many entrepreneurs are opting for this business structure. Everyone is liable for their own acts. There are several partners in the firm and hence they are not liable or responsible for others' misconduct. All limited liability partnership is governed under the limited liability partnership act of 2008. However, in India LLP was introduced in April 2009. An LLP is a separate legal entity distinct from its owners. It can enter into a contract and acquire property in its name. LLP form is not just prevailing in India. It is also seen in countries like the United Kingdom, Australia, etc. MINIMUM CRITERIA ...