Astrology liabilities and how it impact in daily life

Astrology liabilities.jpg

Astrology is never left behind in India, where it will be a marriage, house warming, office opening, etc. Astrologers are always high in terms of liabilities or responsibilities. If you are the one who already knows everything about the importance of astrology and looking for famous astrologer in south Delhi, Divine astrologer is the purest place.

 At times when people get broke, disheartened when nothing is working people feel that going to an astrologer would work and get everything on track. So, that is the kind of image an astrologer in Indian society has. They are highly respectful of the community in term of everything, and by everyone. They are the people who are going to work as mediocre between the individual and the universe. While there is another part of the world that does not believe and care about such things, they focus on the work and think that the universe is with them.

Some of the significant Liabilities of astrologer on different levels would be:

  1. Astrology is included in unbearable fatalism,
  2. Astrology seems much closer to fantasy not that much logical thinking.
  3. Astrology might suggest misuse of its power
  4. Astrology is a very abstract language, and it fits in many other as well.
  5. Astrology does have any ideas or not having any clues from where the concept of working came from.
  6. Astrology never is a part saying of some interpretation of the used symbols.

Also Read: Having a good attorney leads to a successful business

Astrology affect on daily life

  • Many people have the habit of reading daily horoscope on new papers or online, and it gives them the motivation to start a day. They are sure whether it is going to be right or not but the thing is all about the mind. So basically astrology is playing with intention and some relation with a start working for the person.
  • Astrology brings new opinions to life: Many people think “why am I like this?”, “why do I have t do this?” This why could easily be ignored but could not be neglected it goes on with life. Do you know astrology may have answers to your every why? Some people have a problem, and they do not know how long they are going to exist in their life. Some have issues like relationships, home conditions, family disputes, school and some especially events of like.
  • Every aspect is destined in our life which is why it is happening. Does single reason could satisfy the hunger of all your life long question- NO and never. Everyone wants to be superior and planner of his own life, wish to change and regulate everything on their own.

There are many examples of astrology which is proven the presence of one individual power which governs the whole universe. Astrology takes the soul closer to the facts and vision that we, humans unable to see from our naked eyes. Sometimes it is impossible to see destination which is just a few steps away.

Having a good attorney leads to a successful business

Business Law Firm.jpg

To maintain and build a successful business, it is a must to have a good strategy. And to have good strategy in place, one needs great professionals, like the best lawyers, the best chartered accountants and tax consultants. These professionals will guide you to run your business smoothly and also help you with laws of the land, laws regarding your business, legal and tax compliance, as well as handing contractual and day to day issues. A Chartered Accountant is required to maintain bills, filing taxes and reviewing every minute detail of finance and give advise to increase the turnover and while good business lawyers or a business law firm is a key element for maintaining the name, goodwill and dignity that a company holds and ensure that the intellectual property rights as well as business is safeguarded.

A good business law firm or business lawyer takes care of every compliance, all the copyrights and trademark, advice to formal business incorporation etc.

Also Read: What is proprietorship and how it is different from private limited company

Let’s talk about the general rules applicable to lawyers:

  • It is advised to hire a lawyer from the initial period of business before it is been too late to do so. It is recommended to take precautions and invest in a good lawyer for the business. Remember prevention is always better than cure.
  • There are many different law firms’ big firms or small firms’, they are very different from each other. Lawyers are specialized and known how to read between the lines and understand tricks and tips to handle many issues which a small firms’ or private practitioners may lack. As an independent lawyer, it is difficult for them to file patents or trademarks, negotiate your lease of office or retail space, overseas annual meetings, etc as you don’t want a jack of all trades, so it’s better for you to refer to a group of lawyers who run a law Firm with experienced lawyers.

There are different types of attorneys. Professional lawyers specialize in one particular stream of law and some are interested in handling government work and essentially advice only government issues, government related work or even government employees. Some Lawyers work on the commercial matters, some work for social welfare.

  1. Contractual: lawyers need to be dynamic, attentive and shall understand the business very quickly. Lawyers should be able to prepare contract, conveyance deeds as well as forms which shall be presented before customers, clients and suppliers.

  2. Real estate:commercial spaces are mostly on the lease; their grounds are highly complicated and end up benefiting the landlords. Lawyers could be able to get into any legal and business talks in order to protect their clients form incurring heavy losses.

  3. Business organization: Lawyers shall have knowledge of their field and shall be able to suggest their clientsnner in order to help them flourish their business.
  4. Tax: Tax is one of the major elements of any business and a lawyer is expected to handle its complexities as it is considered to be the backbone of any business. Lawyer shall be able assist the accountant with the details related to the registrations, tax identification number, understanding basic business transactions in which your business is engaged and creating safeguard and making it within the framework of law.

What is proprietorship and how it is different from private limited company

proprietorship Firm registration

What is proprietorship and how it is different from Private Limited Company

Do you often go in the evenings to buy registers, pens, chart papers, etc., from a small neighborhood stationery store? Well, in all probability in the course of your transactions, you have interacted with unregistered small sole proprietor.

Sole proprietorship is a popular form of business organization and is the most suitable form for small businesses, especially in their initial years of operation. Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks. This is evident from the term itself.

The word “sole” implies “only”, and “proprietor” refers to “owner”. Hence, a sole proprietor is the one who is the only owner of a business. This form of business is particularly common in areas of personalized services such as beauty parlors’, hair salons and small scale activities like running a retail shop in a locality.

Sole proprietorship is the business, where the hold is only into single hands there is no second person in the legal records. There is no partner and no other member. It is also one of the simplest ways of doing business; the owner is not answerable to any one other in the company. Since the owner is single income tax would also be paid once.

Also Read: What is partnership firm and process to register it in India

Merits of Sole Proprietorship:

  • Quick decision making
  • Confidentiality of information
  • Direct incentive
  • Sense of accomplishment
  • Ease of formation and closure

As said that every coin has 2 faces, sole proprietorship faces some limitations too, some of which are:

  • Limited resources
  • Limited life of a business concern
  • Unlimited liability
  • Limited managerial ability

Let’s just have a quick comparison of private limited company and proprietorship firm:

Basis of Comparison

Sole Proprietorship Private Limited Company
Formation and registration Registration not mandatory and Minimum Legal Formalities, easiest formation Registration mandatory, lengthy and expensive formation process
Name of the business No need to take approval for name Approval for name mandatorily required to be taken by CRC
Members Only owner Min- 2 and Max- 200
Capital Contribution Limited Finance Large financial resources
Taxation According to the owners income Private Ltd company is taxed as per 25-30% tax rate (small and large company basis) of profits excluding surcharges and cess are also applicable
Liability Unlimited liability Limited liability
Control and management Owner takes all the decision, so quick decision making Separation between ownership and management
Continuity Unstable, business and owner regarded as one Stable because of separate legal status

In case you wish to analyze that which form amongst company or proprietorship is beneficial please go through table below:-

FORM OF ORGANIZATION
FACTORS MOST ADVANTAGEOUS LEAST ADVANTAGEOUS
Availability of capital Company Sole Proprietorship
Cost of formation Sole Proprietorship Company
Ease of formation Sole Proprietorship Company
Transfer of ownership Company Sole Proprietorship
Managerial skills Company Sole Proprietorship
Regulations Sole Proprietorship Company
Flexibility Sole Proprietorship Company
Continuity Company Sole Proprietorship
Liability Company Sole Proprietorship

For proprietorship firm registration there are some set of documents which is required:

  • Pan card , Aadhar Card (ID / Address proof of proprietor)
  • Business address proof (such as electricity bill in your name, or electricity bill + registered rental agreement, etc.)
  • Bank account (a Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account)
  • Office Registered proof

It is beneficial if you have following registrations (recommended)

  • Registering as SME
  • Shop and Establishment Act License
  • GST Registration

For registering the proprietorship firms there are some steps that need to be followed:

  • Open a current bank account on the name of business which is allocated only when you have two legal entities which would be,
    • MSME registration certificate and Chartered Accountant business certification
      • Required only when deal within the state only
      • Sales and turnover less than 20 lakh rupees that too within the state or Rs 10 lakh in special category states.
    • GST registration certificate as proprietorship entity, these would be required if below one condition is there
      • If the dealing is inter-state of the business.
      • If the business is on internet.
      • If business is of trader, retailer, aggregator

If all the conditions are satisfied and covered then proprietorship firm would be registered easily.

What is partnership firm and process to register it in India

partnership firm registration

What is partnership firm and process to register it in India

When an organization is formed with two or more than two people to run a particular business then it would be known as a partnership firm. These firm are been registered under the partnership act, 1932. It is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit.

As per the Indian Contract Act, 1872 Partnership is the relation which subsists between persons who have agreed to combine their property, labour or skill in some business and to share the profits there from between them.

The Indian Partnership Act, 1932 defines partnership as “the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.”

As partnership is an agreement between two or more people to share the profits of a business the business can be carried on together by all the partners or any one partner representing the others. A partnership can be for a fixed period of time or it may be limited to a specific project or it may be dissolved at will.

The merits of Partnership Firm are:

  • Ease of formation and closure
  • Balanced decision making
  • More funds
  • Sharing of risks
  • Secrecy

While the demerits are:

  • Unlimited liability
  • Limited resources
  • Possibility of conflicts
  • Lack of continuity
  • Lack of public confidence

It is optional for a partnership firm to get registered. In case a firm does not get registered, it is deprived of many benefits. The consequences of non-registration of a firm are as follows:

  1. A partner of an unregistered firm cannot file a suit against the firm or other partners,
  2. The firm cannot file a suit against third parties, and
  3. The firm cannot file a case against the partners.

In view of these consequences, it is therefore advisable to get the firm registered. According to the India Partnership Act 1932, the partners may get the firm registered with the Registrar of firms of the state in which the firm is situated. The registration can be at the time of formation or at any time during its existence.

Also Read: What are a Company registration and its categories

Information/Document required for preparation of partnership agreement and registration of partnership firm:

ID and Address Proof of Partners (such as Pan Card / Passport/Voter ID / Aadhar Card / Driving License Copy)

  • Business Place Address proof (Rent Agreement and NOC from owner if rented / Electricity Bills or any other Address Proof if owned)
  • Name of the proposed partnership firm
  • Brief details of Business Proposed by the said partnership
  • Details w.r.t. contribution, ratio of contribution and Profit sharing
  • The tenure of partnership firm (Partnership firm may be for any definite or indefinite duration. If no duration is mentioned, it shall be at `will’)

Application for Registration

The registration of a firm shall be affected by sending by post or delivering to the Registrar of the area in which place of business of the firm is situated or proposed to be situated, a statement in the prescribed form and accompanied by the prescribed fee and a true copy of the deed of partnership stating:

  1. The firm-name, the nature of business of the firm;
  2. The place or principal place of business of the firm,
  3. The names of any other places where the firm carries on business,
  4. The date when each partner joined the firm,
  5. The names in full and permanent addresses of the partners, and
  6. The duration of the firm.

The statement shall be signed by all the partners, or by their agents specially authorized in this behalf and shall be sent or delivered to the Registrar within a period of 1 year from the date of constitution of the firm

Detailed Procedure:

  1. Partnership name: same as other companies, this firm also needs name and partners are free to choose any name for their firm. It should not be identical which means there should not be any other firm registered on that name previously, to make sure the copyright issues in future.
  2. Partnership deed: partnership firm has to write the obligation of the members, it could be written or oral. Some essentials would be name and address of firm and partners, date of establishment of business, working of business, capital invested by each one of the partners, profit sharing basis, and duration of the partnership.
  3. Some additional clauses: it better to have everything discussed before establishment and to make in writing for good business, some of the examples are:
    1. Salaries and payable method as well as commission if any should be discussed earlier for rescuing further argument.
    2. Partner ‘loan, capital, and interest should be mentioned to remember the figures.
    3. Rules in case of retirement, want to change the partner in future.
  4. The deed should be done professionally: partnership deed should be done in a clean and professional manner, to do so it should be written on stamp paper by both of the partners. All the partners to have a copy of the deed.
  5. Register partnership business into firm: for doing so Indian government has Indian partnership act, 1932. According to which it is not compulsory to register the firm it totally depends on partners whether they want to register the agreement or not.
  6. Partners looking to register need to submit an application and prescribed fees to the registrar office of the state. The document required for this procedure would be:
    1. Form No-1 application
    2. Duly filled affidavit
    3. True and certified copy of partnership deed.
  7. The application should be signed by each member of the firm.
  8. After application, it goes to the registrar and when they are satisfied with all the terms and condition they mention the firm name into the register of the firm and then issue a certificate of registration.
  9. The firm, which is registered, shall use the brackets and word (Registered) immediately after its name.

The process of registration is simple and hassle free.

What are a Company registration and its categories

private limited company registration

Section 2 clause 20 of the Companies Act, 2013 (“ACT”) defines company as a company incorporated under this Act or under any previous company law.

The company is a legal entity entitled under the Companies Act 2013.

Company registration is the process of registering a company online with 2 Shareholder and 2 Directors, where we prepare and file required documents through specific forms with Ministry of Corporate Affairs (“MCA”) (www.mca.gov.in)

All the companies are registered under the MCA, registered by the Central Registration Centre (“CRC”) an initiative of MCA in Government Process Re-engineering (GPR) with the specific objective of providing speedy incorporation related services in line with global best practices.

Also Read: Method to register a company in delhi

Registration procedure of Private Limited Company and Public Limited Company is similar, but both the forms posses’ different structural attributes,

The basic differences between Public Limited Company and Private Limited Company are tabled below:

Particulars

Limited Company – Public Limited Company

Private Limited Company
Section Defined under section 71 Defined under section 68
Transfer of shares One can easily transfer the shares Transfer of shares is restricted
Invitation to the public to subscribe for any securities of the company Can invite the public to subscribe the shares Prohibited in case of private limited
Minimum – Maximum number of director to be appointed 3 Directors – 15 Directors**

**Provided that a company may appoint more than fifteen directors after passing a special resolution

2 Directors and 1 in case of OPC – 15 Directors**

**Provided that a company may appoint more than fifteen directors after passing a special resolution

Minimum – Maximum number of members 7 members – No Limit 2 Members – 200 Members (except OPC)
Compliances to be followed More as compared to Private Limited Company Few compliances as compare to public Limited Company

Companies are of three types:

  1. Private Company
  2. One Person Company Private Limited
  3. Public Company

The procedure of registration of company in India is discussed herein:- 

  1. Reserve name via “Reserve Unique Name i.e. RUN facility”
  2. Obtain digital signatures for the subscribers to the Memorandum and Articles of association of the company and the directors
  3. Finalization of the Memorandum and Articles of Association of the company
  4. Preparation of declarations, consent from directors, undertaking for not having PAN, Subscription sheet and other related documents
  5. Based on the kind and number of subscriber, file MOA and AOA either electronically or physically
  6. File SPICe (mandatory) and SPICe MOA and SPICe AOA (based on kind and number of subscriber)
  7. Get the Certificate of Incorporation along with PAN / TAN number and
  8. Application for Goods and services tax Identification number (GSTIN), Employee Provident Fund organization (EPFO), Employee State Insurance Corporation (ESIC)
  9. Get the verification of registered office done within 30 days
  10. File a declaration through its director within 180 days of Incorporation stating that the subscribers to the Memorandum have paid the value of shares subscribed by themSo this is how you can get your company registered within 10-15 Working days in a hassle free online process.

Method to register a company in delhi

company registration in Delhi

Method to register a company  

As the phase of a startup is going on all over in India every youth is thinking about a startup and every single day thousands of startups are being set up, but to establish a business is not an easy task.

One of the important steps is company registration with the Ministry of Corporate Affairs. If you are the one looking for the same then bingo, there are some legal procedures which need to be followed in order to register a company name in Indian records or to legalize everything.

Central Registration Centre (“CRC”) an initiative of Ministry of corporate affairs (“MCA”) deals in all these projects and had made everything online to reach out a maximum number of people and to make the process easier.

Also Read: Document required registering a company in India

Steps to do Company registration in Delhi:

  1. Reserve name via “Reserve Unique Name i.e. RUN facility”;
  2. Obtain digital signatures (You may acquire a DSC from government approved agencies like TCS, MTNL, NIC, nCODE solutions, IDBRT, SAFESCRYPT, eMudhra, etc) for the subscribers to the Memorandum and Articles of association of the company and the directors;
  3. Finalization of the Memorandum and Articles of Association of the company;
  4. Preparation of declarations, consent from directors, undertaking for not having PAN, Subscription sheet and other related documents;
  5. Based on the kind and number of subscriber, file MOA and AOA either electronically or physically;
  6. File SPICe (mandatory) and SPICe MOA and SPICe AOA (based on kind and number of subscriber);
  7. Get the Certificate of Incorporation along with PAN / TAN number and;
  8. Application for Goods and services tax Identification number (GSTIN), Employee Provident Fund organization (EPFO), Employee State Insurance Corporation (ESIC) in the integrated form filed for registration;
  9. Get the verification of registered office done within 30 days;
  10. File a declaration through its director within 180 days of Incorporation stating that the subscribers to the Memorandum have paid the value of shares subscribed by them.

After submission of relevant forms CRC will scrutinize the form and send the confirmation through email mentioning the status of the application and for the incorporation of the company. If you follow each and every step carefully then it is not that typical.

And thus company incorporation done in just 10 easy steps.

Few Initiatives taken by the govt to render company incorporation processes easy are:-

  1. Within 1 working day you can get name approval and can register your company within 2 working days after filing Form SPICe,

This has resulted in speed, greater transparency, uniformity and eradication of discretion.

  1. It is also useful to mention that fee for filing SPICe, MoA and AoA has been reduced to Zero for proposed companies
  • Where the authorized capital is up to Rs.10 Lakhs in case of company having share capital or
  • Where the number of members are up to 20 in case of company not having share capital.

So this is how the government is trying hard to motivate people in starting new ideas and building a new business on a daily basis as this will also promote employment and vanish unemployment from the country.

SO GO ON, BUILD YOUR OWN EMPIRE and Jet start your business with the help of Incorporation experts of Steerabidance LLP.

 

Document required registering a company in India

company-registration-india

Document required registering a company in India

Company registration is the process of registering a company online with 2 Shareholder and 2 Directors, where we prepare and file required documents through specific forms with Ministry of Corporate Affairs (“MCA”) (www.mca.gov.in).

All the companies are registered under the MCA, registered by the Central Registration Centre (“CRC”) an initiative of MCA in Government Process Re-engineering (GPR) with the specific objective of providing speedy incorporation related services in line with global best practices.

Company registration is most required and requested procedure all over the internet. As online company registration in India is possible, there are some necessary steps that need to be followed and some documents which are required and essential to be collected before applying for Company Incorporation.

Also Read: Give the Best Flowers Online to Your Loved Ones on Their Birthday!

It is easier to do the registration more easily if you know the process and things you need for this process.

So, let us first dig into the documents required for online company registration

Documents/ Information needed for company registration are

  • PAN Card of the proposed Shareholder and Director in case the applicant is Resident in India,
  • In case where the applicant is Foreign national, Passport copy (Notarized and Apostilled in their home country) is needed,
  • Address Proof of the Proposed Shareholder and Director (Aadhar card/ Voter Id/ Driving License if the applicant is Resident and Bank Statement/ Credit Card Statement/ Utility Bill in case applicant is Foreign National), and
  • Passport Size Photo of the applicants who are shareholders and Directors in the proposed Private Limited Company and
  • Copy of Lease Agreement if the Registered Address of the company is on lease or proof of Ownership if the premise is owned.
  • Director Identification Number (DIN) of all the directors.
  • Digital Signatures (DSC) for all the subscribers and one Director in case subscribers and directors are different persons
  • Proposed Shareholders/ Promoters

Private Company: There must be Minimum 2 and Maximum 200 Shareholders (excluding employees and former employee who are shareholders).

Public Company: There must be Minimum 7 and there is no limit for maximum number of Shareholders.

Private Company: There must be Minimum 2 and Maximum 200 Shareholders (excluding employees and former employee who are shareholders).

Public Company: There must be Minimum 7 and there is no limit for maximum number of Shareholders.

  • Directors

Private Company: There must be Minimum 2 Directors and maximum limit upto 15 Directors and no Maximum limit in case of Sec 8 companies.

Public Company: There must be Minimum 3 and no Maximum limit is prescribed.

  • Company name: Selection of Company name is important and it should be as per name guidelines prescribed under Companies Act 2013.

Please take note that these are preliminary documents to process of registration of a company in India. Based upon these documents, further documentation like Declarations are prepared for signature.

Also, MCA has introduced new e-Form AGILE for the purpose of Application for registration under the Goods and Services Tax Identification Number (GSTIN), Employees State Insurance Corporation (ESIC) registration and Employee’s Provident Fund Organization (EPFO) registration, but this does not mean that you are required to apply GST/EPFO/ESIC at the time of incorporation only; as you get an option to select “NO” in case you wish to apply for GST/EPFO/ESIC later.

All the eforms submitted at Ministry of Corporate Affairs (MCA) in relation to incorporation of Company are filed online at http://www.mca.gov.in. And it is important to digitally sign the forms and then upload.

Generally various agencies like SIFY, eMudhra issues Digital Signature in etoken form in USB after completing KYC verification including Mobile and Video verification. Digital Signatures once issued are valid for around 1 or 2 years from the date of issue.

Class II DSC are also useful while filing Income tax Returns

After submission of relevant forms CRC will scrutinize the form and send the confirmation through email mentioning the status of the application and for the incorporation of the company. If you follow each and every step carefully then it is not that typical.

Give the Best Flowers Online to Your Loved Ones on Their Birthday!

Flower Delivery.jpg

Birthday is that the most special occasion and you just cannot miss to acknowledge your dear ones on this amazing day. One factor that runs through the mind before someone’s birthday is – “what to gift?” Well, if you wish to stay easy nonetheless elegant & delicate nonetheless classic, then you want to take majestic flowers as a present. The cheerful hues & calming fragrance build flowers the foremost unforgettable of all gifts. They unfold love, happiness, brightness, hope, and positivism. So, be it your partner, boyfriend, girlfriend, mom, dad, siblings, teacher, relative, or supporter – send the best birthday flowers online and build their day. Scan below and skills to surprise your dear ones on birthday with flowers online at purpleferns:

Midnight Delivery: Enchanting Flowers Online- Classy 75 Red Roses Bunch

Flowers fantastically speak the language of affection. Birthday merely is the right day to let your favourite ones apprehend that you just love them. So, get a midnight delivery of lovely flowers online and impress them. To specific your devout feelings of romantic love for your boyfriend/girlfriend/husband/wife, these 75 red roses bunch would be simply an ideal choice.

 

Early Morning Delivery: Ravishing Mixed Flowers Bouquet

There is nothing more invigorating than beginning somebody’s day with pretty blooms. How stunning would that be to wake up somebody comfortable or 7 in the first part of the day and welcome with an articulate ravishing mixed flowers bouquet! That lovely person would be permanently stricken by your unexpected thought. Pick the best mixed flower bouquet at purpleferns for your mother/dad/closest companions.

Home Decor: Flower Arrangements

In the event that you develop flowers in your patio nursery, at that point, you can make charming vase game plans yourself. In any case, if you don’t, at that point you can arrange some vivid vase game plan of flowers online and brighten your home with them. Spot the vase course of action of yellow roses on the foot stool. The container courses of action of chrysanthemums, fowl of heaven, and anthuriums can be put on the bedside table with a note saying “Cheerful Birthday.” He/she would be really invigorated to wake up with such a brilliant blessing. You may put the wooden bin game plan of red roses, green catch mums, hydrangeas, and chocolates at the side/study table.

A Little Efforts = Dream Flower Candle

Making something all alone and gifting that holds more significance than purchasing a blessing. It is actually quite simple to make candles with blossoms. You will require – light wax, flame container or tin, wick, the flowers of your decision, and essential oil of your choice. Keep in mind that 1lb. of flame wax will make around two 10oz candles.

Gift the best flowers online at purpleferns and see your love table turning to the best.