INCREASE IN AUTHORISED CAPITAL OF THE COMPANY

Authorized capital is the maximum capital that can be issued by the company. The authorized capital of a Company determines the number of shares a Company can issue to its shareholders. If a company wants to raise more capital then it has to increase the authorized capital.

Prerequisite to increase Authorised Capital

1. You must have a clause for an increase, if not, AOA must be altered first.

2. Shareholders must approve for the same.

Documents required for increase Authorised Capital

1. MOA & AOA of the Company

2. List of Directors

3. List of Shareholders. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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Companies incorporated in India are required to file their annual financial statements and annual returns with ROC every year. Failure to this compliance will result in legal actions or penalties. The company’s management should fulfill the requirements on time.

DOCUMENTS TO BE FILED WITH ROC

1. Form MGT-7 / MGT-7A – For the annual return of the company- All the Companies are required to file their annual return and other required attachments using Form MGT 7 within 60 days of AGM. The information contained in this form are-

· Details regarding the registered office of the company, principal business activities, particulars of its holding, subsidiary, and associate companies.

· Share, debentures, and other securities and shareholding pattern;

· Indebtedness of the company.

· Members and debenture-holders along with changes therein since the close of the previous financial year;

· Promoters, directors, key managerial personnel along with changes therein since the close of the previous financial year;

· Meetings of members or a class thereof, Board and its various committees along with attendance details;

· Remuneration of Directors and key managerial personnel;

· Penalty or punishment imposed on the company, its Directors or Officers and details of compounding of offenses and appeals made against such penalty or punishment;

· Matters relating to certification of compliances, disclosures as may be prescribed;

· Shareholding pattern of the company; and such other matters as required in the form.

2. FORM AOC-4 / AOC-4 CFS / AOC-4 (XBRL) / AOC-4 (NBFC) / AOC-4 CFS (NBFC) – For Financial statements and other documents- All companies are required to file their financial statements and mandatory attachments using Form AOC-4 each year. If financial statements remain un-adopted in AGM then they have to file within 30 days of AGM and if adopted then too within 30 days of AGM. Revised financial statements can also be filed using Form AOC-4.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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Registering a business in Hong Kong is easy and cheap by hiring an agent. The most common type of business form in Hong Kong is Limited Liability Company.

Documents required to register a company in Hong Kong

1. AoA of the company.

2. Registration which is having all the required details.

3. Copy of passport of directors and shareholders.

4. Copy of Certificate of Incorporation of the parent company, if any.

Process of getting registered the company in Hong Kong

The process just requires you to hire an agent and provide the required documents.

The benefit of registering a company in Hong Kong

· No requirements of citizenship.

· No requirements of the physical presence of an owner.

· Business can be freely operated from home country.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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Incorporating any business in Dubai is not easy. Getting a trade license is mandatory and thorough research is needed before registration. Corporate laws are complex and are needed to be strictly adhered to.

Documents required to register a business in Dubai

1. Articles of Association of the Company.

2. Details of the shareholders, directors, and business activities of the company

3. Copy of translated and notarized passports of shareholders and directors.

4. Forms issued by trade registrar.

5. Any other document or details demanded by the trade registrar.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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The UK is the most favorable place for locating offices because of its well-equipped infrastructure, basic facilities, and strong governance. Having an office is the most favorable thing for an international business. Online registration of the company in the UK is very easy.

Documents required for getting a company registered in the UK

1. Constitutional Document of the company

2. Details of the name of the Company

3. Details of Director.

4. Director service address details

5. Registered office details.

6. Details of company shareholding pattern.

Benefits of registration of a company in the UK

· No citizenship required.

· Strong corporate governance.

· Tax Benefits

· Regulatory and legal requirements are easier.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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The USA is having the largest market and lowest tax rates in the world. Every day new foreign companies are being registered in the USA. The process of registration is very easy. Business in the US can be set up in sole proprietorship, general partnership, LLC, or a Corporation. However, the entries for Indian companies are limited to an LLC or a C corporation in the USA.

Documents required for incorporation company in the USA

1. Passport size photograph

2. PAN card

3. Address Proof & ID Proof.

4. Certificate of incorporation.

5. Bylaws of the company.

6. Organization’s resolutions approved by the board.

7. Employee Identification number.

8. Assistance in opening a bank account.

Benefits of incorporating companies in the USA

· Lower tax rates.

· Business-friendly laws.

· Easy access to funds from venture capitalists.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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This registration enables organizations to get uniquely enrolled with the government which results in many benefits. To get the approval of government grants and funding under government schemes, this registration is necessary.

Requirement for NITI AYOG Registration

· The organization must be a Voluntary Organisation (VO) or Non-government Organisation (NGO).

· The VO or NGO must be registered either as a Society / Trust / Private Limited Non-Profit Company under section 25 / 8 of the Companies Act 1956 / 2013.

Documents required for NITI AYOG Registration

1. Copy of Trust deed/ MoA and AoA/ Certificate of registration.

2. PAN  card of the organization.

3. List of governing members of the organization.

4. PAN card, Aadhaar Card of the governing members

5. Valid email ID and mobile number for OTP.

6. FCRA Detail, if any.

Benefits of NITI AYOG registration

· Helps in getting government funding and other assistance.

· Authentication of the organization.

· Ensures the transparency of the organization. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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MSMEs are an important part of India's economy and they are important for the supply chain of products. Registration of MSME isn’t mandatory but its registration gives various benefits.

Eligibility for registering as MSME based on investment

Sector- Manufacturing Enterprise & Service provider

Investment in P& M / Equipment - Micro < 1 Crore, Small < 10 Crore, Medium < 50 Crore

Turnover-Micro  < 5 Crore, Small< 50 Crore, Medium< 250 Crore

*Both the criteria have to have complied.

Documents required for MSME registration

1. Aadhaar Card of the Proprietor / Partner / designated   partner / Director / Karta / Authorised Signatory. ( Depending on the nature   of the entity)

2. PAN card

3. Proof of address of the business. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills.

4. Copy of sale and purchase bill.

5. MoA, AoA, or partnership deed or registration document.

6. Copy of bills and machinery purchased.

Advantages of MSME

· Priority sector lending.

· Power tariff subsidy available.

· Capital investment subsidies.

· Direct tax exemptions.

Disadvantages of MSME

· Lack of access to capital sources.

· Higher cost (economies of scale couldn’t be attained).

· Less skilled workforce.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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If one has to do business in India, he has to get GST registration as it is the only tax levied on goods and services. For certain businesses, GST Registration is mandatory, however other businesses can opt for GST Registration voluntarily.

Documents required for getting GST registration

For Sole proprietorship/Individual business

1. Passport size Photograph of the Proprietor.

2. PAN Card of the Proprietor

3. Aadhaar of the Proprietor

4. Address proof of the Proprietor.

· In the case of leased/rented property, the copy of the lease deed/rent agreement for along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises.

· In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises.

5. Bank account details.

6. Authorisation Letter.

For Partnership Firm

1. Passport size Photograph of all the partners.

2. PAN Card of the Firm

3. PAN Card of all the Partners

4. Aadhaar Card of the Authorised Signatory

5. Address proof of all the Partners like Bank Statement, Utility Bill, aadhaar card

6. Partnership Deed

7. Address proof of the Principal Place of business of the Firm:

· In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises.

· In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises.

8. Bank account details.

9. Letter of Authorisation.

For LLP’s

1. Passport size Photograph of all the Designated Partners.

2. PAN Card of the LLP

3. PAN Card of all the  Designated Partners

4. Aadhaar Card of the Designated Partner

5. Address proof of all the Designated Partners like Bank Statement, Utility Bill. 

6. Copy of LLP Agreement

7. Address proof of the Registered office of the LLP:

· In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises.

· In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises.

8. Certificate of Incorporation

9. Bank account details.

10. Board Resolution for Authorisation                     

Advantages of GST registration

· Ease of doing business.

· Saving of money.

· Elimination of multiple taxes. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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Import Export Code is obtained for selling goods or providing services internationally. One cannot sell goods in a foreign market without IEC whether in big or small amounts. It is a 10 digit number issued by the Directorate General of Foreign Trade (DGFT), Government of India to a person who does import or export goods or services from abroad.

Documents required for getting IEC.

1. PAN card of the business  / Proprietor.

2. Photograph of Director / Proprietor / Designated Partner / Partner / Authorised   Signatory / Karta, (depending on the form of entity)

3. Proof of identity of the Director / Proprietor / Designated Partner / Partner   / Authorised Signatory / Karta. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required.

4. Proof address of the business:

· In the case of leased property, the copy of the lease deed along with an EB bill/water bill /telephonic bill.

· In case of own property, copy of sale deed along with the   EB bill/ water bill / telephonic bill.

5. Current Bank account number along with the canceled cheque.

6. Banker’s certificate.

7. Registration Certificate / Documents  of the business like COI, Partnership deed, Trust Deed, Society registration certificate, (depending on the form of an entity)

8. Cover letter of the company for issuing IEC.

Process of getting IEC

The process of getting an IEC is very easy. We just need to submit the IEC application to DGFT along with the required documents and prescribed fees. The DGFT after verification will issue the code.

Importance of having IEC.

· Acts as a license for doing business internationally.

· Clearing of goods from custom is done by IEC.

· Companies can enjoy various benefits by having IEC.

· It restricts the transport of illegal goods.

· No hassles for updating, filing, and renewal of IE Code registration. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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