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vashu5 · 2 years

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#ESIC #ESIC registration #online ESI registration #Esic online payment #ESIC registration certificate #ESI registration #ESIC registration consultant #ESIC online certificate #ESIC online #ESI registration certificate

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maurvishadvisors · 2 months

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Welcome to MAURVISH ADVISORS LLP!!

Please let us know how we can help you.

We are the best platform for legal registrations & Filings..

Our services are :

GST Registration

Trademark Registration

Food License

ISO Registration

One person company registration

private limited company registration etc.,

IT returns

firm registration

appointment of director

digital signature certification

labour license

startup India /Gem registration

import export code

NSIC registration

Central food License

Copyright Registration

ESIC registration

PF registration

Franchise Agreement

joint venture agreement

lease deed drafting

joint venture deed

GST E-Way Bill… etc.,

Thanks & Regards Maurvish Advisors LLP www.maurvishadvisors.com

CS Heena Aggarwal (Founder) Phone: 9971164429 ( For Whatsapp or Call ) Email: [email protected]

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kartikchoudhary · 3 months

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Online Procedure for GST Registration in Ghaziabad

Following is the step-by-step online procedure for Gst Registration in Ghaziabad:

Step 1: DSC & DIN: Your 1st step in the process of Gst Registration is obtaining DSC & DIN. DSC or Digital Signature Certificate serves as an electronic medium for signing digital documents. DSC is also mandatory for the subscribers of the charter documents like MoA & AoA. Whereas, DIN establishes the identity of a Director and it is assigned to a single Director & it helps service various purposes. DSC & DIN can be secured through the SPICe+ Form and this form refers to an e-application for Gst Registration.

Step 2: File an Online Application: Online application regarding the Gst Registration in Ghaziabad can be filed on the MCA portal and the form used for this purpose is known as SPICe+ which consolidates 2 main parts Part-A and Part-B. Part-A is to reserve your proposed Company Name, while Part-B will let you access the following services:

1. ESIC Allotment;

2. Tax Allotment;

3. GST Certificate;

4. DIN Allotment;

5. EPF Allotment.

Once you are done with all the filing requirements, you will be prompted to submit a mandatory document.

Step 3: Issuance of Certificate of Incorporation (CoI): At this stage, the MCA will examine the submitted application & documentation for any non-compliance. Once the application is approved, you will get a Certificate of Incorporation, which the authority will share with the applicant through registered contact details. Along with this, the applicant is also provided with the Tax Registration granted by the concerned Tax Department

#GST Registration

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nikitapatels-blog · 3 months

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Online Procedure for Trust Registration in Haryana

Following is the step-by-step online procedure for Trust Registration in Haryana:

Step 1: DSC & DIN: Your 1st step in the process of Trust Registration is obtaining DSC & DIN. DSC or Digital Signature Certificate serves as an electronic medium for signing digital documents. DSC is also mandatory for the subscribers of the charter documents like MoA & AoA.

Step 2: File an Online Application: Online application regarding the Trust Registration in Haryana can be filed on the MCA portal and the form used for this purpose is known as SPICe+ which consolidates 2 main parts Part-A and Part-B. Part-A is to reserve your proposed Company Name, while Part-B will let you access the following services:

1. ESIC Allotment;

2. Tax Allotment;

3. GST Certificate;

4. DIN Allotment;

5. EPF Allotment.

Once you are done with all the filing requirements, you will be prompted to submit a mandatory document.

Step 3: Issuance of Certificate of Incorporation (CoI): At this stage, the MCA will examine the submitted application & documentation for any non-compliance. Once the application is approved, you will get a Certificate of Incorporation, which the authority will share with the applicant through registered contact details.

To know more, visit: Trust Registration in Haryana

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ebizfilingindia-blog · 5 months

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How to File ESIC Return?

Introduction

Employees State Insurance (ESI) is administered by the Employees State Insurance Corporation (ESIC) which is a government organization. The program primarily provides financial and medical assistance to workers and their families. This assistance is provided to employees when the employee is ill, injured on duty or pregnant and is unable to perform her duties. In this article we have discussed all the ESI returns.

What is ESI Return?

Employees State Insurance (ESI) is an independent organization managed by the Ministry of Labor and Employment. It is a self-financed social security and health insurance program for Indian workers. Employees State Insurance Corporation (ESIC) and its rules and regulations are responsible for administering this ESI fund. The ESI return is filed by the employer every six months, and contains information about the employees covered under the scheme, their salaries and contributions made by the employer and the employee. These returns are used to ensure that the contributions made by employers and employees are accurate and that employees are receiving the benefits they are entitled to under the plan.

Filing of ESI returns is mandatory for all employers who have registered for the scheme and failure to file on time may result in penalties and legal consequences. ESI is a social security program provided by the Government of India under the Employees’ State Insurance Act of 1948. The program is self-financing, with regular monthly contributions from both employees and employers equal to a certain percentage of their salary.

What are the documents required for filing ESI return?

Following records are required to be kept up to date for filing ESI return.

Attendance record

Form 6

Wage record

A list of accidents that have occurred there.

Checkbook

ESI return and monthly challan.

What is the process to file ESI Return?

1. User ID and Password: While registering for ESI every employer will be given a user ID, password and a 17-digit code.

2. Log in to Employees State Insurance Corporation: Go to the official website of ESIC. Enter your login information and click “Login”.

3. Filling correct information: Ensure that the employee details are correct before clicking on “File Monthly Return” on the right side. A list of options for editing employee details will be available on the portal. Correct information if necessary.

4. Bank records: To submit monthly ESI contribution, fill the bank details and click on “Submit”.

5. Generating currency: After the donation is paid, go to the “List of Actions” page and press “Create Currency”. It is necessary to keep this challan for investigation.

6. Chartered Accounts Certificate: Select the checkbox to accept the declaration and click on “Self-Certification” under the Monthly Contribution section. If there are more than 40 employees then the Chartered Accounts Certificate has to be uploaded.

7. ESI return submission is done by the employer: Click on “Submit”.

What are the Benefits of filing ESIC returns?

Employees who are registered with the Employees’ State Insurance Corporation are entitled to maternity leave for women employees as well as medical care for themselves and their dependents. Below are the benefits of filing Employees’ State Insurance Corporation returns:

1. Medical Benefits: Provision of medical benefits to employees is one of the main objectives of submitting this form for registration. Workers who are suffering from any disease or other condition can avail immediate benefits.

2. Social Security: The government has designed the ESI Enrollment Program as a form of social security. This program provides social security benefits including maternity insurance, disability compensation and other related benefits.

3. Easy Process: Benefits under this scheme are easily accessible at any hospital or healthcare facility. Any payments made through this scheme may be reimbursed.

4. Sickness Benefits: Each employee will be eligible for a different type of sickness benefit through ESIC registration. These benefits are provided at the rate of 70% of the employer’s compensation. If the condition lasts more than 90 days or three consecutive months, this amount will be considered and provided.

5. Maternity benefits: Every company participating in this program must provide maternity benefits such as maternity leave to expectant mothers.

6. Disability benefits: This program also includes coverage for disability benefits. In case of unexpected permanent incapacity or death. An employee’s dependents can file a claim if an unforeseen circumstance results in the employee’s death or permanent disability.

#esic #ebizfiling

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startupfino12 · 7 months

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"Startupfino's Expert ESIC Services: Ensuring Compliance for Your Business"

ESI registration, or Employees' State Insurance registration, offers a multitude of benefits for both employers and employees in India. This social security initiative ensures that employees and their families have access to medical care and insurance coverage from the moment they start their employment.

One of the significant advantages of ESI registration is the provision of maternity benefits, which can extend up to 26 weeks with the possibility of an additional 30 days based on medical advice. Employees can receive maternity benefits at 100% of their wages, covering various aspects of maternity-related situations.

Additionally, ESI provides disability benefits to employees who suffer permanent or temporary disabilities due to unforeseen circumstances, offering them 90% of their monthly salaries as compensation. Sick leave is also covered, allowing ESI members to take up to 91 days of sick leave per year with 70% of their monthly wages during their absence due to illness.

In unfortunate cases of an employee's demise during employment, their dependents receive 90% of the employee's monthly salary, along with funeral expenses of ₹10,000. Other benefits include confinement expenses for insured women, vocational and physical rehabilitation for those with disabilities, and old age medical care for retiring employees.

ESI has also introduced extended sickness benefits for members with chronic diseases and enhanced sickness benefits for those willing to undergo sterilization procedures.

The primary purpose of the Employee State Insurance (ESI) program in India is to safeguard the workforce against health-related risks that could impact their ability to work. This includes illnesses, workplace injuries, occupational diseases, and temporary or permanent disabilities. ESI ensures that employees and their dependents receive essential medical care and financial assistance in times of need, thereby reducing the financial burden caused by such situations.

ESI applicability and coverage are determined based on various factors, including the number of employees, their monthly income, and the type of business or establishment. Entities covered under ESI must secure ESI registration and comply with the relevant regulations.

To apply for ESI registration, entities must provide specific documents and information, including registration certificates, business entity details, employee details, and more. The process involves online registration through the ESIC portal and payment of advance contributions.

Recent amendments to ESI rules have expanded the coverage to include employees earning up to Rs. 21,000 per month and introduced changes in contribution rates. These amendments aim to provide more extensive coverage and benefits to a larger segment of the workforce.

After ESI registration, entities are required to comply with various regulations, including maintaining employee attendance records, wage registers, accident registers, and submitting monthly returns and challans. These compliances ensure that employees receive the benefits they are entitled to under the ESI scheme.

StartupFino offers comprehensive services for ESI compliances, including registration assistance, guidance on post-registration compliances, preparation and submission of monthly returns and challans, attestation of e-Pehchan cards, legal consultancy, and ongoing support to help businesses navigate the complexities of ESI regulations and ensure compliance. By availing these services, entrepreneurs can avoid legal issues, penalties, and operational disruptions, allowing them to focus on growing their businesses.

#startup fino #startup success #marketing #finance #accountancy

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auditorsandsecretaries · 10 months

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a1-domains · 10 months

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ebizfiling01 · 11 months

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Process of subsidiary company registration in Hyderabad

Introduction

Hyderabad is the city of nawabs, with a thriving manufacturing, tourism, and information technology sector. It is the state capital of Telangana. Even though the city is rich in history and tradition, a foreign national establishing a subsidiary firm in Hyderabad is a fantastic idea. Form SPICe+ can be used to register a subsidiary company in Hyderabad online in 8–10 working days. A minimum of two shareholders are required to register an Indian subsidiary in Hyderabad, with one of them being an Indian resident. In this post, we will go through all of the procedures for registering a subsidiary business in Hyderabad, but first, we will define what a subsidiary company is?

What exactly is a subsidiary company?

A subsidiary is a business that is owned or controlled by another business. Typically, the parent business will possess more than 50% of the Indian subsidiary. This gives the parent business control of the subsidiary. In some circumstances, being the majority shareholder is sufficient to win control.

What are the different kinds of subsidiary companies?

A foreign national can establish the following categories of Indian subsidiary in Hyderabad:

Private Limited Company

Limited Liability Partnership

Liaison office

Branch office

Conditions for establishing a subsidiary corporation in Hyderabad

The following are the conditions for establishing an Indian subsidiary in Hyderabad:

There must be a minimum of two shareholders, one of whom must be a resident of India and the other a foreign national.

The Indian subsidiary’s office should be in the Indian city of Hyderabad.

The DIN of all directors involved is essential.

Registration Process of a subsidiary company in Hyderabad

When creating an Indian subsidiary, the same procedure is undertaken as when founding a subsidiary company in Hyderabad. The applicant corporation must be aware of the measures required by the authority in order to establish a company. The Registrar of Companies (ROC) must register the Indian subsidiary. The following is the procedure for registering a subsidiary company in Hyderabad:

Step 1: The first step is to gather all of the paperwork required for registration.

Step 2: Choose a name for the Subsidiary Company that was registered in Hyderabad.

Step 3: The third stage is to draught the AOA and MOA for the Subsidiary Company, which includes information such as share capital, member details, liability to members, shareholding details, and so on.

Step 4: Submit a subsidiary registration application in the appropriate form, Form SPICe+:

Spice+ is separated into two sections:

Part A: Fill out Part A of the Spice+ form to reserve the company’s name. It can be used to obtain approval for the proposed company’s name as well as to file for company registration all at once.

Part B: Fill out Part B of the Form Spice+ to request the following services:

Incorporation

DIN allocation

PAN registration is required

TAN registration is required

EPFO registration is required

ESIC registration is required

Profession Tax Registration (Hyderabad) is required.

Mandatory opening of a company bank account and allocation of a GSTIN (if applied for)

Step 5: Open a bank account in Hyderabad in the Subsidiary Company’s permitted name.

Documents required for the formation of a subsidiary company in Hyderabad

The following documents are necessary for forming an Indian subsidiary in Hyderabad:

A. Company-related documents:

Memorandum of Association and Articles of Association.

The lease agreement must be presented as proof of address if the property is rented; a copy of the ownership papers must be produced if the property is owned.

Copy of utility bills.

A copy of the resolution of the promoter firm.

Copies of the company’s capital structure

A copy of the Certificate of Incorporation of the Foreign Corporation.

B. Documents related to directors and shareholders:

A Director Identification Number (DIN) and a Digital Signature Certificate (DSC) are required for directors and authorized shareholders.

Identification and address documentation for shareholders and directors.

Photographs of the Board of Directors and Shareholders.

Investments by the First Directors in Other Entities.

Declaration of Directors and Shareholders.

Conclusion

We will end by stating that establishing an Indian subsidiary in Hyderabad is a wise decision. Because you will receive broad exposure to the Indian market and will have access to a larger pool of talent. A large number of experienced professionals, government support for business-friendly rules, and a knowledgeable workforce are just a few of the factors that make Subsidiary Company Registration in Hyderabad easier.

#indian subsidiary #Subsidiary companies #company registration

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bizivalue · 1 year

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Best ESIC and EPF Registration in Bangalore:

Epf in Bangalore, is a programme established to ensure that employees have a bright and prosperous future.Under the EPF Scheme, a small amount of your employee’s wages is deducted & contributed to the EPF account. Being an employer, you have to match the same amount put in the employee & deposit in the whole amount in the EPF account. Further, it is linked to the ESIC Scheme.

ESIC in Bangalore - A workers' compensation plan called the ESIC Plan offers medical insurance to the insured. Also, their dependents are safeguarded. In the case of incapacity or wage loss, ESIC offers a variety of financial compensations. In the event of an accident or death brought on by workplace hazards while an insured person is at work, the Plan pays a pension known as a dependent benefit to the insured person's family members. ESI is one of the most important payroll compliance requirements, along with EPF, professional tax, and TDS.

Eligibility Criteria For ESI and EPF Registration in Bangalore

Eligibility Standards for ESI Registration in Bangalore:

ESIC registration in Bangalore - The Shops & Establishments Act and the Factories Act list all organisations,If a factory or other enterprise has 10 or more employees, it must register with the ESI Schemes; Employees who make no more than Rs. 21,000 per month will be covered to review the ESI Registration requirements.

Eligibility Standards for EPF Registration in Bangalore:

EPF registration in Bangalore can attain to any business or manufacturing with at least 20 workers

When hired, a company employee who has already signed up for the EPF Plan is automatically qualified to have their PF account opened;

A business or organisation with fewer than 20 employees may register voluntarily;

Any employee whose pay is less than Rs. 15,000 per month is required to withhold and deposit EPF

Benefits of PF and ESIC registration in Bangalore

Legal Conformity:

Companies with 20 or more employees are required by the Workers Provident Fund and Other Provisions Act of 1952 and the Employees State Insurance Act of 1948 to register for the EPF and ESI programmes. There may be fines, jail time, and other legal repercussions if these restrictions are broken.

Employment Perks:

ESIC and PF registration in Bangalore - Companies can offer their employees a variety of social security benefits, like as pensions, health insurance, and maternity benefits, by enrolling in the EPF and ESI schemes. This can raise employee morale and satisfaction levels while also helping to recruit and retain great workers.

Tax Benefits:

According to the Income Tax Act of 1961, businesses that have registered for EPF and ESI are entitled for tax incentives. This can assist businesses in lowering their overall tax obligations and strengthening their financial situation.

Maintain records:

Companies are expected to keep thorough records of the contributions made by their employees by registering for EPF and ESI. These records must include the amounts contributed, the frequency of contributions, and the method used to make contributions. By doing this, it is made possible for the employees' contributions to be precisely tallied and for them to have access to their benefits whenever they are required.

Registration process of ESI and PF in Bangalore

The application form in its entirety

You must first complete the short questionnaire that our knowledgeable team has provided.

Processing of Documents

In order to arrange the papers as needed and for processing, we will need them at the second step in accordance with the questionnaire you filled out.

Application Submission:

With the necessary paperwork and additional statements, we will submit your ESI/EPFO application through the Shram Suvidha Portal.

Announcement of filing

Following processing, we'll get in touch with you to discuss filing your returns.

ESI and PF Registration Documents in Bangalore

Certificate of Incorporation / Certificate of Business Registration

Shop and Establishment Certificate, GST, and MSME Certificate ( any one)

Copy of PAN Card Detail

Address of the business with address documentation

ID, Passport, and address documentation for the company's owner, directors, and partners

Sample Signature in the format shown in the attachment

Consent Letter in the format of the attachment (In case EPF Voluntary Registration)

Employee Information (Name, Gender, Status as Permanent or Temporary, and Last Month's Pay Breakup)

Email and mobile phone numbers for the company's owner, directors, and partners ( Email ID and Mobile should be unique for all)

How to get ESIC and PF consultant in Bangalore ?

We offer one-stop solutions for things like monthly return filling out and esi/pf registration. Bizivalue is a reputable business with extensive experience in the field of PF and ESI Registration.PF and ESIC Consultant Bangalore are among one of the most effective & well-known companies for offering the top legal advisory services .We'll make sure you always receive the best advice thanks to our years of experience. We serve clients at every level of their business where we may be most helpful, whether as a management coach for front-line staff or a trusted advisor to senior executives.

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kanchankhatanaa · 1 year

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Shops & Establishment Act

Objective: Under the factories act most of the manufacturing establishments are covered, but a large section of trade and commerce are not covered under the factories act and need to be regulated. Hence each state was empowered to make regulations for shops and other establishments like Banks, Hospitals, offices of Engineers, Charted accountants, lawyers etc. Hence each state comes out with their acts to govern this establishment. Since these are state regulations most of the other establishment's central government establishments like the PF office, ESIC office, Railway station etc. are not governed by these acts.

Definition: There is a specific meaning for each term used in this act hence need to understand clearly the context of this act Apprentice: Person who is employed/whether on payment of wages or not, for the purpose of being trained in any trade, craft or employment in any establishment;

Child: A person who has not completed his 15th year of age. Young person: A person who is not a child and has not completed his seventeenth year

Closed: Means not open for the service of any customer, or for any business, of the establishment, or for work, by or with the help of any employee, of or connected with the establishment

Commercial establishment: An establishment which carries on, any business, trade or profession or any work in connection with, or incidental or ancillary to, any business, trade or profession and includes the establishment of any legal practitioner, medical practitioner, architect, engineer, accountant, tax consultant or any other technical or professional consultant and also includes] a society registered under the Societies Registration Act, 1866 (XXI of 1860), and a charitable or other trusts, whether registered or not. For the purpose of gain or not.

Employee: A person wholly or principally employed, whether directly or through any agency, and whether for wages or other consideration in or in connection with any establishment; and includes an apprentice, but does not include a member of the employer’s family

Employer: A person owning or having ultimate control over the affairs of an establishment;

Establishment: A shop, commercial establishment, residential hotel, restaurant, eating house, theatre, or another place of public amusement or entertainment to which this Act applies and includes such other establishment as the “[State] Government may, by notification in the Official Gazette, declare to be an establishment for the purposes of this Act

Factory: Any premises which is a factory within the meaning of clause (m) of section 2 of the Factories Act, 1948,(LX1II of 1948)

Goods: Includes all materials, commodities and articles;

Inspector: An Inspector appointed under section 48;

Local area: Any area or combination of areas to which this Act applies;

Local authority: A body specified in Schedule I-A and includes any other body which the State Government may, by notification in the Official Gazette, declare to be a local authority for the purposes of this Act;

Manager: A person declared to be a manager under section 7; Member of the family of an employer: The husband, wife, son, daughter, father, mother, brother or sister of an employer who lives with and is dependent on the such employer;

Opened: Opened for the service of any customer, or for any business of the establishment, or for work, by or with the help of any employee of! or connected with the establishment

Period of work: The time during which an employee is at the disposal of the employer

Prescribed authority: The authority prescribed under the rules mat under this Act

Register of establishment: A register maintained for the registration of establishments under this Act.

Registration certificate: A certificate showing the registration of an establishment.

Residential hotel: Any premises used for the reception of guests and travelers desirous of dwelling or sleeping therein and includes 15 residential club.

Restaurant or eating house: Any premises in which is carried wholly or principally the business of the supply of meals or refreshments to the public or a class of the public for consumption on the premises.

#Employment lawyers #labor lawyers #labour lawyers #employment lawyer in India #labour lawyers in India

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kartikchoudhary · 3 months

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Online Procedure for Gumasta License in Bhopal

Following is the step-by-step online procedure for Gumasta License in Bhopal:

Step 1: DSC & DIN: Your 1st step in the process of Gumasta License is obtaining DSC & DIN. DSC or Digital Signature Certificate serves as an electronic medium for signing digital documents. DSC is also mandatory for the subscribers of the charter documents like MoA & AoA. Whereas, DIN establishes the identity of a Director and it is assigned to a single Director & it helps service various purposes. DSC & DIN can be secured through the SPICe+ Form and this form refers to an e-application for Gumasta License.

Step 2: File an Online Application: Online application regarding the Gumasta License in Bhopal can be filed on the MCA portal and the form used for this purpose is known as SPICe+ which consolidates 2 main parts Part-A and Part-B. Part-A is to reserve your proposed Company Name, while Part-B will let you access the following services:

1. ESIC Allotment;

2. Tax Allotment;

3. GST Certificate;

4. DIN Allotment;

5. EPF Allotment.

Once you are done with all the filing requirements, you will be prompted to submit a mandatory document.

Step 3: Issuance of Certificate of Incorporation (CoI): At this stage, the MCA will examine the submitted application & documentation for any non-compliance. Once the application is approved, you will get a Certificate of Incorporation, which the authority will share with the applicant through registered contact details. Along with this, the applicant is also provided with the Tax Registration granted by the concerned Tax Department.

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stewesmithz · 2 years

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PSARA License: What is PSARA License? And PSARA Registration

PSARA stands for Private Security Agency Regulation Act License, that is a presumptive necessity for running a non-public protection firm. PSARA License may be carried out for through any Indian resident. To get a License beneathneath the PSARA Act, a non-public protection employer have to meet the standards and qualifications. This article will consist of records on PSARA License, “What is PSARA License?”, Documents Required for PSARA License, and PSARA Registration.

Before going thru the PSARA License, Let's have a examine Private Security Agency in India.

Private Security Agency in India The Private Security Agencies Act of 2005 governs and administers all rules referring to protection employer operations. PSARA is the not unusualplace call for this act. According to this Act, no person can begin or run a Private Security Agency with out first obtaining a PSARA licence. The PSARA License is issued through the state's controlling authority.

In 2005, the PSARA (Private Security Agencies Regulation Act) changed into passed. PSARA 2005 covers the subsequent said problems:

Issues associated with the formation of a Private Security Agency. Private protection companies perform in India. Private Security Agency problems associated with Regulation. Issues associated with the Private protection companies which have been disqualified.

The PSARA License is simplest legitimate in a single state, the only wherein it changed into issued. As a result, PSARA does now no longer realise the idea of a unmarried licence that covers the complete country. The candidates have to acquire the ones defined above License from the state's State Controlling Authority.

Documents required for PSARA License

The following certificate of registration:

1.PAN Card Information.

2.ESIC (Employees State Insurance Corporation) Registration.

3.GSTIN Information.

4.Shops and Establishments Act.

5.Labour Act registration is required.

6.Proof of the directors' and workers' identities.

7.Copies of the Directors' Income Tax Returns.

Two passport-length pix of the promoters, in addition to their PANs are required. Proof of the Agency's Office Address. Security education affidavit pursuant to Section 7 (2) of PSARA, 2005. Memorandum of Understanding (MOU) with the education institute signed certificates of incorporation. Eligibility Criteria for PSARA (Private Security Agency Regulation Act) License For Companies Below are the entities which might be eligible for the License:

LLP (Limited Liability Partnership) Sole Proprietorship OPC (One Person Company) Private Limited Company Partnership Firm Association of Persons For the position of Director / Principal officer The qualification to be a Director/Principal Officer isn't open to everyone. To be eligible for the same, you have to meet the subsequent requirements: – Citizenship in India is required. Director/officer have to be as a minimum 18 years vintage to apply. Must have enough monetary assets to cowl commercial enterprise expenses. He have to be absolutely freed from any convictions. For the position of a Security Guard

Checking the subsequent containers will growth your possibilities of touchdown a protection defend position:

Citizenship in India is required. A character have to be among the a while of 18 and 65. Prior revel in is required. In any circumstances, have to now no longer be fired from any authorities position. Must own all the favored bodily characteristics. It is essential to deliver guarantee approximately the individual's character.

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ebizfiling11 · 2 years

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Registration Of Company By Foreign Nationals | Ebizfiling

Introduction

Do you want to start a business in India but are having trouble registering one? Don’t worry, this blog will provide you with all of the information you need to know about how to register a company in India by following some simple online steps.

Company registration

Company registration is a process by which business owners incorporate their company as a legal entity. The first step in creating a company in India is to register it. It signifies that you have the authorization to conduct business in the Indian market and that you must adhere to all of the legal requirements as per MCA (Ministry of Corporate Affairs).

Benefits of forming a company in India

One of the key advantages of registering a company in India is that it has a vast population and a broad market without boundaries, with well-established logistics.

There is a considerable reduction in operating costs, from infrastructure to phones to the internet to labour to salaries to everything else necessary to start a company in India.

India has a well-regulated financial system that has access to developed markets all over the world and maybe financed through a variety of sources restricted to RBI laws and regulations.

India has a huge network of technical and managerial institutions of the highest international standards, which are supported by regional and bilateral free trade agreements.

The Indian government has launched a number of initiatives to encourage foreign investment in India's various sectors. It has periodically introduced a variety of interesting plans and policies in order to attract investors.

Procedure for registering a company in India by foreign nationals

Let us discuss five simple steps to register a company in India by an NRI or foreign national, which are as follows:

1. The first step is to obtain certain documents from the proposed directors of NRI/foreign nationals, which are the Digital Signature Certificate, Director Identification Number.

2. The second step is to decide on a name for the subsidiary company in India. The name should be unique or be the same as the foreign corporation.

3. The third step is to draft a Memorandum of Association and Articles of Association for the Indian Subsidiary.

4. The fourth step is to fill in the application for Indian subsidiary registration in India in the prescribed form, i.e., SPICe+ Form:

Spice+ is divided in two parts:

Part A: Apply for the name reservation of the company in Part A of the form Spice+. It can be used for taking the name approval of the proposed Company and also for filing Company registration in one go.

Part B: In Part B of the Form Spice+, apply for the following services:

Incorporation

DIN allotment

PAN is required to be issued.

Mandatory TAN issuance

Mandatory issue of EPFO registration

Mandatory issue of ESIC registration

Mandatory issue of Profession Tax registration(Maharashtra)

Mandatory Opening of a Bank Account for the Company and

Allotment of GSTIN (if so applied for).

5. The last step would be to open a bank account in India under the name of the company.

Basic requirements for Company Registration in India

The name of your firm must be unique. The recommended name should not be confused with any already-existing business or trademarks in India.

A company does not necessarily need to have a commercial site for its registered office. If you want to use a rental property as your registered office, you must have the landlord's NOC.

A Private Limited Company can have up to 15 directors, with a minimum of two. The company's directors must include at least one Indian resident.

A business is not required to have a specific amount of capital. The minimum amount of authorised capital for a firm is one lakh rupees.

Documents required for Foreign Nationals to register a company in India

Passport photocopy (Notarized or Apostille).

Address proof such as a driver's licence, residence card, bank statement, or other government-issued identification document with a proof of address.

Residential identification documents, such as bank statements, utility bills, and phone bills.

Proof of a registered office.

Proof of any utility service, such as telephone, gas, or electricity, for office buildings.

Proof of stockholders' names and addresses.

Articles of Association and Memorandum of Association.

Conclusion

The Indian subsidiary company must be registered according to the Companies Act of 2013. According to the Companies Act 2013, a subsidiary company is a foreign corporation or a parent body that owns at least 50% of the total share capital. The subsidiary must abide by the laws of the country in which it seeks to operate.

#indiansubsidiary #onlinecompanyregistrationinindia #company registration

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ebizfilingindia-blog · 1 year

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Introduction To Indian Subsidiary And It’s Registration Process | Ebizfiling

Introduction

Planning to start a new business in India? Registering a business in India is a rapid and online process of company registration in India. India is a land of infinite opportunities and a skilled workforce as one would agree. Starting a business in India and investing was never so easy, cheap, and quick. One can start a wholly-owned Indian subsidiary anywhere in India. There are no state-specific laws to register your business in India. There is only one central law that governs the Indian Subsidiary set up across India. All you need is a resident Indian director (not necessarily a shareholder but can be an employee) and a rented or owned place of office to get going.

At Ebizfiling, we have a separate wing of experts handling matters for Indian Subsidiaries, providing you with expert help at every stage of the process including with the filing forms with RBI.

Which company can be known as an Indian Subsidiary?

A company that is owned wholly or partly by another company is referred to as a subsidiary company. A parent company is also known as a holding company that owns the subsidiary. When a company takes over the control of the Board of Directors of a subsidiary company and owns more than 50% of the total share capital. It is defined under section 2(87)of the Companies Act, 2013.

Procedure for registering Indian Subsidiary by foreign nationals by Ebizfiling

Let us discuss some easy steps followed by our experts to register a company in India by foreign nationals, which are as follows:

Step 1- Our experts connect with the person or proposed company who wishes to establish a subsidiary company in India.

Step 2- Then we ask for a few details from the person or proposed company like the number of director/ shareholders, nationality and residence, where the proposed company or person want to establish the subsidiary company, business activity, etc. along with the documents required for company registration in India to verify. Our team of experts will verify the documents provided by the proposed company and take the procedure further.

Step 3- After we get all the necessary details of the proposed company. We shall proceed with the application for a Digital Signature Certificate. A Digital Signature Certificate (DSC) is the equivalent of a physical signature in an electronic format, as it establishes the identity of the sender of an electronic document on the Internet.

Step 4- Subsequently we file the name application form. The proposed company can suggest up to two names of their choice. Names should be unique and suggestive of the company’s business. Our experts will file the name application in the Part A of the form of SPICe+ with MCA. It can be used for taking the name approval of the proposed Company and also for filing company registration in one go.

Step 5- Once the name is approved form the MCA. Post name approval of the company, draft documents like MOA, AOA of the Indian subsidiary company along with the ID and address proof of the foreign director/parent company needs to be either notarized/apostilled/consularised from the concerned authority of the particular country.

Step 6- After the legal certification of documents and DSC. We filed an application form for Indian subsidiary registration in India in the prescribed form, i.e., SPICe+ Form:

Part B: In Part B of the Form Spice+, apply for the following services:

Incorporation

DIN allotment

PAN is required to be issued.

Mandatory TAN issuance

Mandatory issue of EPFO registration

Mandatory issue of ESIC registration

Mandatory issue of Profession Tax registration

Mandatory Opening of a Bank Account for the Company and

Allotment of GSTIN (if so applied for).

Step 7- The final step would be to open a bank account in India under the name of the new company.

Post incorporation compliance

After the proposed company receives the incorporation certificate, file INC 20A Form within 180 days. Form 20A is a declaration that needs to be filed by the directors of the company at the time of the commencement of the business. It should be reviewed by a chartered accountant (CA) or company secretary (CS) or a cost accountant in practice.

When the subsidiary company receives the foreign investment and allots shares to the investor in return for the investment, the company is required to inform the RBI about the allocation of shares within 30 days. For this, the company should submit the FC-GPR (Foreign Collaboration- General Permission Route) form. It is a form issued by the Reserve Bank of India under the Foreign Exchange Management Act,1999.

Documents required by Foreign Nationals while registering a company in India

Passport photocopy (Notarized or Apostille).

Address proof such as a driver's license, residence card, bank statement, or other government-issued identification document with proof of address.

Residential identification documents, such as bank statements, utility bills, and phone bills.

Proof of a registered office.

Proof of any utility service, such as telephone, gas, or electricity, for office buildings.

Proof of stockholders' names and addresses.

Articles of Association and Memorandum of Association.

Final thoughts

The compliance manager assigned to the proposed company will keep you updated on the progress of online company registration in India throughout the process. A parent company that wants to develop across geographies and industries will have to create subsidiaries. An Indian subsidiary company is legally considered to be an Indian company and is responsible for following all regulations that are relevant to Indian companies. Get in touch with our company Ebizfiling. It is an eminent business platform and a progressive concept. It helps with end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. The process of Indian Subsidiary incorporation & registration is easy, cheap, and quick at EbizFiling.com.

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startupfino12 · 8 months