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Registration Private Limited Company in India.

Posted By admin on December 24, 2013 No Comments

Six important aspect of Registration Private Limited Company in India.

  • For Registration Private Limited Company in India  must have minimum paid-up share capital of Rs.1 Lakh or such higher capital as may be prescribed
  • Minimum two directors and minimum two shareholders are required.
  • Restriction on right of transfer of shares as per the AOA.
  • Number of shareholders is limited to fifty.
  • An invitation to public to subscribe for any shares or debentures is prohibited.
  • No invitation of deposits from persons other than members, directors or their relatives is allowed.Reg Limited Company in India

STEPS REQUIRED TO BE PERFORMED TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Obtain Director Identification number
  • Get your digital signature certificate
  • Get the name of the company approved
  • Memorandum and articles of association vetted and printed
  • Get the documents stamped
  • Get the memorandum and articles signed by at least two subscribers
  • Get the certificate of incorporation.

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TIME FRAME TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Takes average 14 days to complete private limited company incorporation in India. .

FIVE ADVANTAGES TO INCORPOARTE A PRIVATE LIMITED COMPANY:

  • If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.
  • Business not affected by the status of the owner.
  • Minimum number of shareholders required is only2.
  • More capital can be raised as the maximum number of shareholders allowed is 50.
  • Scope of expansion is higher because easy to raise capital from financial institutions.

POST INCORPORATIONFORMALITIES:

  • Obtaining Permanent Account Number (PAN) from Income Tax Department
  • Obeying Shop and Establishments Act
  • Registration for Import Export code from Director General of Foreign Trade
  • RBI approval for Registration Private Limited Company in India being foreign companies investing in India and FIPB approval, if required.v The directors of an Indian company, both Indian and foreigner directors, are required to obtain Director Identification Number – DIN and Digital Signature Certificate – DSC
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MODES OF REGISTRATION OF NGO?

Posted By admin on December 25, 2013 No Comments

MODES OF REGISTRATION OF NGO-

MODES OF REGISTRATION OF NGO -FORMATION AND REGISTRATION OF A NON -PROFIT ORGANISATIONS IN INDIA CAN BE DONE UNDER FOLLOWING THREE MODES:

  1. TRUST
  2. SOCIETY
  3. SECTION-8 COMPANY

THE DETAILED PROCEDURE OF REGISTRATION OF NGO IS AS FOLLOWS:

Meeting

  • You have to conduct meeting of the proposed NGO. In the meeting you have to mention aim, objective, president, vice president, treasurer, advisor, member etc.
  • You have to pass the resolution of forming NGO and all member
  • must sign on it with date and proposed name of NGO
MODES OF REGISTRATION OF NGO-

MODES OF REGISTRATION OF NGO-

Furnishing Form

  • You have to go to Charity Commissioner/Asst charity commissioner’s office and buy the form.

Documents to be submitted

Thereafter according to the performa you have to complete following documents:

  1. power of attorney in the name of president/secretary
  2. Consent letter of all members/trustees
  3. Resolution
  4. by laws of NGO as performa (Draft an MOA)
  5. NOC from the premises owner in which ngo is registerd
  6. Declaration of all movable and immovable assets of NGO on RS 20/- non-judicial stamp
  7. other document as required

There after, you have to apply to the same office under Registration of Societies Act 1860 or Public Trust Act of respective states or section 8 of the companies act .{FOR REGISTRATION PROCEDURE OF TRUST, SOCIETY AND COMPANY UNDER SECTION 8)

You should get your registration certificate within 1 months of Society and within 2 months of Trust and you will get registration number.

If you want tax exemption, as soon as you get registration number, apply to Income Tax department for tax exemption under section 80(G) .

In case of Foreign Funding then one needs to Apply for FCRA

In case you need any further information

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Email : info@companyindia.co.in

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ADVANTAGES OF NGO

Posted By admin on December 25, 2013 1 Comment

ADVANTAGES OF NGO

ADVANTAGES OF NGO-An NGO is a non-governmental organization that is driven and task-oriented by individuals with one common interest. NGOs are usually structured around specific issues like health, human rights or environment. An NGO provides expertise and analysis and thus assists in monitoring international agreements.

ADVANTAGES OF NGO

ADVANTAGES OF NGO

Provide important local action

  • ADVANTAGES OF NGO  are very important since they offer an organization for local communication, action and also distributing resources when there are no existing local organizations. A
  • An NGO provides a mechanism that could possibly work where the government has failed. I
  • It supports grass roots initiatives as well as recognizing and responding to the realities of the local people.

Cheaper to implement ADVANTAGES OF NGO

  • NGOs are actual non-profit organizations, various projects can be achieved without having to use the government money. This is because there are many private donors who support the NGOs and this means that there will never be a lack of resources.
  • NGOs provide a good alternative to creating mass access structures. These mass access structures are extremely cumbersome, unreliable and costly.

Better communication

  • ADVANTAGES OF NGO  have the capability of communicating at all levels. This means that they can easily interact with the local people and relay their messages to top levels of the government.
  • They are also capable of recruiting highly motivated staff and experts with lesser restrictions than employees working for the government.

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in

Innovative approaches

  • NGOs are flexible in becoming accustomed to local conditions and responding to the local needs. For that reason, they can experiment freely with new approaches and take risks if necessary. They can develop integrated projects to help the local people.
  • The major shortcoming of NGOs is the overdependence on private financial resources, especially when the donors fail to make their donations.

Improve standards of life

  • NGOs are more beneficial than government programs because they are usually community based organizations. They research, develop and work on several projects which can help people change their lives.
  • NGOs are able to penetrate all corners of the community to find out what kind of problems people face and what they can do to make things better.

Reduce literacy levels

  • To improve the standards of life, ADVANTAGES OF NGO teach people in the respective communities how to lead a better life than
    These teachings have been seen to improve the levels of their lives at different levels.

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in

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