Startup

Startup All-in-One Compliance

I started my project to export textiles. What other services will I need to manage my business?

You will need services below to name a few, depending on the nature of your operations and specific work needs

  • Government registrations under VAT and customs duties
  • Periodical deposits under Value Added Tax, Excise / Customs, and others
  • Registrations are once other like TradeMark, Copyright, and others
  • Speak to our experts or contact us at [email protected] Our experts will advise you on the next step you need.

Startup All-in-One Compliance

What is the minimum annual compliance applicable to Private Limited?

The minimum compliance applies to a private limited company

  • Preparation of bookkeeping accounts by 44AA sec (balance sheet, P & L, cash flow statement)
  • Appoint the first auditor
  • Legal audit
  • Submit annual statements and financial statements
  • Preparation of the Board of Directors’ Report
  • Annual General Meeting (once every year by September 30)
  • Board meetings (the first within 30 days from the date of incorporation and at least 4 in the calendar year)
  • Maintenance of legal records and records
  • Income tax is a quarterly payment of advance taxes and the return of the deposit
  • Others must be event-based privileges such as ROC deposit onboard administrator, increased authorized capital, etc.

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I need flexibility in my company name. Can I provide multiple names?

Yes, you can provide up to 6 names for your company. We’ll need to provide this app separately. Additional charges of Rs. 1000 will apply. These will not be covered in the current package.

My partner and I are both managers and shareholders in our company. We would like to bring two additional contributors as well. Is this covered in the package?

In the current package, we cover two digital signatures of directors. For additional contributors, you need to secure two additional digital signatures. We offer a digital signature certificate – click the digital signature to buy

I and my partner are managers of our company. We would like to bring two more directors. Is this covered in the package?

In the current package, we offer only managers. To bring in additional directors, you need to secure two digital signatures (DSC)

Our company wishes to bring a foreign citizen as a director. Is this covered in your parcel?

To bring in an additional manager, you need to secure a digital signature (DSC). The only passport of the foreign director is required. In some countries, a residence certificate will be provided. These must be submitted for application.

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Angel Tax

Angel Tax: Indian Startups May Get Policy Boost From Indian Govt.

In a recent notice, while the Department of Income Tax has already stopped angel tax recovery operations from new companies, it seems that the Indian government is considering providing some angel investors exemption under Section 42 of the Companies Law.

Angel investment networks and new companies want certain exemptions from Section 42 of the Companies Act, as well as Section 56 (II) of the Income Tax Law in the Indian Constitution.

Startup India

While we have made progress on the angel tax issue, we are asking the government to create a separate definition for new companies, which means that most angel networks in the country will make fun of it. of this rule, we ask the government to see it differently.

Article 42 of the Companies Act refers to the “private placement“, according to which the offer of securities or the invitation to subscribe securities will be made to a group that will not exceed fifty in number as prescribed, in a financial year and in conditions such as may be prescribed.

The section also says that no new offer or invitation will be made under this section unless assignments have been completed with respect to any previous offer or invitation or that the company has withdrawn or abandoned the offer or invitation.

Previously, taking note of new companies harassed by the Income Tax officials for the recovery of angel taxes, the Income Tax Department had issued a notice stating:

While SEBI is studying the recognition and regulation of angelic groups, the Indian Private Equity and Venture Capital Association (IVCA) requested the accreditation of investors called “digitally accredited qualified investor” or DAQI, which will represent an “Aadhaar investor” for qualified investors. If a DAQI participates in an investment, the minimum and maximum minimum amounts for the investment would not be set by the regulators, says the ET report.

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