Benefits of outsourcing/What is outsourcing? -Khanna & Associates


What is outsourcing?

Outsourcing refers to the way in which companies entrust the processes of their business functions to external vendors. Any business process that can be done from an offshore location can be outsourced. This includes functions like transaction processing, payroll and order and inventory management to name a few. Plus, there are a whole lot of call center services that are being outsourced as well. Some of the processes that can be outsourced to providers are accounting and book keeping service, business process outsourcing, text and editing services, image manipulation services, OCR clean up services, legal process outsourcing , transcription services, data conversion services, call center services etc.StartupSolicitors

Benefits of outsourcing your business processes

There are many benefits of outsourcing your business processes to destinations around the world. Some of them are:

  1. Cost advantages

The most obvious and visible benefit relates to the cost savings that outsourcing brings about.
You can get your job done at a lower cost and at better quality as well. Due to the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in India at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to India. Plus, the quality of the services provided is high thereby ensuring that low-cost does not mean low-quality.

  1. Increased efficiency

When you outsource your business needs to an outsourcing partner like Syncronisers, they bring years of experience in business practices and expertise in delivering complex outsourcing projects. Thus, they can do the job better with their knowledge and understanding of the domain. This leads to an increase in productivity and efficiency in the process thereby contributing to the bottom-line of your company.

  1. Focus on core areas

Outsourcing your business processes would free your energies and enable you to focus on building your brand, invest in research and development and move on to providing higher value-added services.

  1. Save on infrastructure and technology

Outsourcing eliminates the need for investment in infrastructure as the outsourcing partner takes the responsibility of the business processes and hence develops infrastructure for the same.

  1. Access to skilled resources

You no longer need to invest in recruiting and training expensive resources for your business. Providers like Syncronisers Solutions take care of the resourcing needs with their pool of highly skilled resources. The resources employed by these companies are well educated in the respective business areas and are experienced in handling the business needs of companies that want to outsource.

  1. Time zone advantage

Apart from the cost advantage, the other much touted benefit has to do with the time zone differential between your country and the location you are outsourcing to. Get your job done while you are closed for the day and wake up to your service being delivered the next morning. This unique advantage gives you the benefit of round-the-clock business operations

  1. Faster and better services

Make your service offerings better with high quality deliverables and decrease the lead time it takes for your product to reach the marketplace. Thus you would be faster in getting your ideas converted into products and better at delivering the value-added proposition.

 
KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.StartupSolicitors
We Provide services are:

•    Accounting Services
•    Auditing & Assurance Services
•    Advisory Services
•    Business Services/StartupSolicitors
•    Corporate Services
•    International Services
•    Financial & Corporate Services
•    Foriegn Exchange Services
•    STPI Services
•    Taxation Services
•    Trademark & Copyright Related Services
•    NRI Related Services
•    Corporate Governance Services
•    Service Tax

Contact Us:
•    www.khannaandassociates.com
•    www.cafirm.khannaandassociates.com
•    www.bestdivorcelawyer.in
•    www.domesticviolence.co.in
IN-+91-946160007
US-+1-80151-20200
•    info@khannaandassociates.com
•    cafirm.khannaandassociates@gmail.com

HAVE QUESTIONS ? ASK US

Export Promotion Capital Goods (EPCG)-Khanna & Associates


Export Promotion Capital Goods (EPCG) scheme enables a Indian manufacturer all service provided to obtain capital goods at nil rate of customs duty against commitment of export obligation. The objective is to facilitate import of capital goods producing quality goods and services to enhance India’s export competitiveness. Importer will be issued EPCG authorization for the this purpose. The import under the EPCG is subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled six years reckoned from authorization issue date. Export obligation will be reduced to 75% of capital goods are to procured from indigenous manufacturers. Capital goods shall include spares, tools, jigs, fixtures, dies and moulds./Startupsolicitors

 

Technological Upgradation (TU) of existing EPCG machinery:-

EPCG authorization holders can opt for ‘Technological Up gradation’ of existing capital goods imported under EPCG Authorization. Condition governing are as under:

 

(1) minimum period for applying for TU is 4 years from earlier EPCG Authorization,

 

(2) minimum exports made must be 50%of total export obligation imposed on earlier EPCG Authorization.

 

(3) facility for technology up-gradation shall be available only once and the minimum imports to be made shall be at least 10% of existing investment in plant and machinery by applicant.

 

(4) capital goods to be imported must be new and technologically superior to earlier Capital Goods. Which capital goods are not eligible:-

 

(1) Second hand capital goods ,

 

(2) Import of restricted item of imports mentioned under ITC(HS) shall only be allowed under EXIM Facilitation Center at DGFT Headquarter./Startupsolicitors

Who are eligible to obtain EPCG Authorization:- 

1) Manufacturer exporters with or without supporting manufacturer / vendor,

2) Merchant exporter supporting manufacturer and,

3) Service provider.

Export Obligation under EPCG:-

Export obligation means obligation to export product or products covered by Authorization or permission, in terms quantity, value as may be specified by Regional or Competent Authority. Third party exports permissible:- Export can be direct or through third party. Export documents should specify his name. Block-wise fulfillment of export obligation:- Minimum 50% of export obligation shall be fulfilled in the first four years and balnce 50% in remaining in two years. The report should be submitted within next 3 months from the end of block./Startupsolicitors

 

Relief in export obligation:-

 

Relief in average export obligation can be granted where total exports in that sector / product group have declined by more than 5%. Sector will be notified by DGFT. Shortfall in export obligation condonable upto 5% by regional authority. Consequences of non-fulfilment of export obligation:- If export obligation is not fulfilled or partially fulfilled, customs duty with interest is payable proportionate to export obligation not fulfilled. Customs duty can be paid through duty credit scrips. If the goods are not exported as per the obligation differential customs duty plus 15% interest is payable./Startupsolicitors

 

Extension of Export obligation:-

 

Extension for fulfillment of export obligation upto 2 years can obtain from Regional Authority on payment of composition fee of 2% of proportionate duty saved amount. Procedures under EPCG:- Application for EPCG authorization should be in form ANF5A. Application shall be accompanied by certificate of CA/CMA/CS in form 5B. Application can also be made for import of spares, tools etc. Authority to issue EPCG:- When duty saved is upto Rs.50 Crores can be sanctioned by Regional Authority of DGFT, if duty saved is more than Rs. 50 Crores, application will be forwarded by RA to DGFT /Startupsolicitors.

 
KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience    ensures  total satisfaction to the clients.
We Provide services are:
•    Accounting Services
•    Auditing & Assurance Services
•    Advisory Services
•    Business Services/Startupsolicitors
•    Corporate Services
•    International Services
•    Financial & Corporate Services
•    Foriegn Exchange Services
•    STPI Services
•    Taxation Services
•    Trademark & Copyright Related Services
•    NRI Related Services
•    Corporate Governance Services
•    Service Tax
Contact Us:
•    www.khannaandassociates.com
•    www.cafirm.khannaandassociates.com
•    www.bestdivorcelawyer.in
•    www.domesticviolence.co.in
IN-+91-946160007
US-+1-80151-20200
•    info@khannaandassociates.com
•    cafirm.khannaandassociates@gmail.com

The model GST law as released by the Government -Khanna & Associates LLP


The model GST law as released by the Government / Empowered Committee on GST is in public domain since mid June 2016. The proposed  provisions only conveys the Government’s intention to levy GST in India and the manner in which it will be administered, levied , collected and implemented.

However, the said proposed provisions require refinement, improvement and changes in order to be business friendly and lead to ease of doing business, boost economic growth, tax collection and balancing between inflation, revenue neutrality and participation of citizens by way of contribution to the exchequer in the form of goods and service tax.

It is desirable and expected that the draftsmen should consider the following suggestions and inputs while finalizing the model law in its present form .

Specific Suggestions

  • Multiple state wise registrations will be a major hurdle for service providers who operate in multiple states or all India basis.
  • Procedures proposed for registration and returns are complex, cumbersome and regressive. Provision of classification, valuation supply etc also go against the principle of ease of doing business.
  • Department should not have power to refuse registration ab initio which will adversely affect the business men. Grant of registration must be made obligatory as is at present.
  • Multiple registrations of same person in different states should be done away with. The concept of centralized registration should be provided for. Further, the assessee should be mandated to provide in his return, the details of all locations from which supply of goods / services is made by him.
  • Threshold limit for registration should be common for entire country. Presently it is proposed Rs. 4 lakh for North East and Rs. 9 lakh for others. Alternatively, there should be a sunset clause for this, (say 2 years).
  • Definition of aggregate turnover be suitably amended so as to exclude the value of exempt and non-taxable supplies from aggregate turnover to make it meaningful and objective. Otherwise the purpose of exemption / threshold will be defeated.
  • Definition of supply should be ‘comprehensive’ and not inclusive. It is defined as ‘supply includes’ rather than supply means….’. This will add to litigation. The supply of capital goods (whether to own depot or to the customer) be kept outside the purview of GST , and only the leasing / renting / transfer of right to use the asset be subject to tax.
  • Inter-state activities should exclude activities of same person. These activities are unnecessary under the GST law, unworkable and will be tantamount to creating inter-state fiscal frontiers, impeding free flow of goods and / services within the common market of India.
  • The definition of manufacturer should be delinked from Central Excise Act and an elaborate definition of the term ‘manufacture’ be provided to avoid litigation and interpretational issues.
  • Threshold exemption limit should be kept at least at Rs. 25 lakh for services and Rs. 2 crore for goods as anybody with lower limit can always voluntarily get registered. Also, small and medium entities may find it difficult to maintain electronic records and wish to avoid unnecessary inspections / litigations from the tax Department.
  • Composition Scheme is meant for small taxable persons like neighborhood stores who does not keep record of their turnover and does not issue invoices. No facility is given to them in case they are expected to keep their turnover record. Also, the rate of tax should be percentage of their taxable supplies (inputs), the record of which exist in electronic ledger. Linking of rates with total turnover will distort the total scheme.
  • Composition threshold should be not below Rs. one crore. Disallowing composition benefit to the persons who effect any inter­state supply of goods and / or services shall work against the interest of small assessees as there might be a possibility that in aggregate turnover of Rs. 50 lakhs only a small amount constitute inter-state supply of goods or services which will deny him of the benefit of composition scheme.
  • Valuation rules are too cumbersome so as to even prescribe valuation of services without consideration.
  • Transaction value of goods and services should factor the ‘discounts’. There should be no tax on free supplies.
  • In GST system, it is expected that the figures submitted for GST returns will be validated with figures submitted to Income tax. Given the fact that the sale and provision of services is one of the factors for charging of tax, the taxable figures in GST will be far different than figures in accounts or in income tax. A system needs to be built so that the figures in other data base could be used for validation of figures in GST.
  • The concept of granting input tax credits based on the matching concept of uploading data and filing of valid returns by the supplier of such taxable person will most certainly lead to innumerable amount of litigations on account of a few unscrupulous dealers.
  • Input tax credit (Cenvat) should not be denied to real estate sector and allowed to works contracts only. Guidelines for valuation of land should be made clear and transparent. Also, non-subsuming of stamp duty in GST should be reconsidered.
  • Reversal of input tax credit used for goods and / or services used for personal or private consumption should be allowed.
  • Concept of TCS to be done away with as it proves to be detrimental to small suppliers and leads to blockage of funds in TCS.
  • Rate of interest on delay in payment of refunds by the Government should be kept at par with the provisions relating to interest payable on delay in payment of taxes by the tax payer.
  • Requirement of double payment of taxes be eliminated. Further, the refund / adjustment procedure for such cases be made fast-tracked, simple and quick.
  • Government should not hurry implementation of GST from April, 2017. There is lot of ground work to be done. The most important is awareness, education, training and trial runs. 1st April 2017 is not that sacrosanct but introduction of a perfect law at the right time is more important. Country can wait for a strong and robust GST law for some more time.

General suggestions

  • It should be ensured that all states have verbatim same provisions for rates, levy, administration and procedures. Only negative list or exemptions may vary based on regional issues.
  • A large number of compliances / returns / reconciliations are proposed. This will only burden all stakeholders; will make GST inefficient and a regressive tax. Cost of compliance will be major issue which may take away the benefits of GST.
  • Smooth, transparent and simple transition provisions are needed rather than revenue centric provisions. These ought to be practical too. Transitional provisions should bear this objective. Supplies effected under the current tax regime, but which are delivered or received after the date of implementation of GST, normally referred to as goods – in – transit. The transitional provisions should suitably provide for credit of taxes / duties paid under the current law.
  • Refund of any credit balance other than for exports is not allowed. This should be allowed subject to safeguards / limitations.
  • Special focus on awareness and training of all-officers, professionals and assessees is required including making available literature on GST available in different languages.
  • Current / past disputes on GST introduction should be proactively addressed by way of speedy redressal of cases and / or practical, proactive and objective Dispute Resolution Scheme so that baggage of disputes in not carried forward.
  • Non compliances attract very harsh and heavy penalties / punishment and need to be diluted in view of GST being a new levy and new law. Prosecution threshold should be kept at Rs. 2 crores as minimum. There should be a provision that except in fraudulent cases, no arrest / prosecution be made in first year of implementation.
  • No new taxes should be allowed to be levied by states in GST regime when compensation for revenue loss, if any is guaranteed.
  • GST is the future tax. GST law should, therefore be forward looking and open for futuristic businesses such as e-commerce, technology based, IT etc and recognize internet, digital economy, start ups etc.

GST law should be a very simple tax law as the proposed law / provisions are too complex to understand by a common man.

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience              ensures  total satisfaction to the clients.
We Provide services are:
•    Accounting Services
•    Auditing & Assurance Services
•    Advisory Services
•    Business Services
•    Corporate Services
•    International Services
•    Financial & Corporate Services
•    Foriegn Exchange Services
•    STPI Services
•    Taxation Services
•    Trademark & Copyright Related Services
•    NRI Related Services
•    Corporate Governance Services
•    Service Tax

Contact Us:
•    www.khannaandassociates.com
•    www.cafirm.khannaandassociates.com
•    www.bestdivorcelawyer.in
•    www.domesticviolence.co.in
IN-+91-946160007
US-+1-80151-20200
•    info@khannaandassociates.com
•    cafirm.khannaandassociates@gmail.com

GST / Goods And Services Tax- One Country One TAX – Khanna & Associates LLP


The word GST has become a talk of the town these days. Here are ten key points about the bill that you need to understand.

1. GST is a uniform indirect tax levied on goods and services across a country. Many developed nations tax manufacture, sale and consumption using a single, comprehensive tax.

2. Central Taxes GST would replace Central Excise Duty, Service Tax, Additional Duties of Excise & Customs, Special Additional Duty of Customs, and cesses and surcharges on supply of goods and services.

3. State Taxes GST would replace VAT, Central Sales Tax, Purchase Tax, Entry Tax, Entertainment Tax, taxes on advertisements, lotteries, betting and gambling, and state cesses and surcharges.

4. The main objectives of GST would be to eliminate excessive taxation. Central and state agencies often calculate taxes based not on the original cost of the product, but over and above the several layers of tax already levied on the product. This negatively affects the Gross Domestic Product of a nation.

GST is also expected to disincentivize tax evasion, lower tax rates, and make business operations easier.

5. The current NDA government and the Opposition disagree over the contents of the GST Bill

6. According to PRS Legislature Research, the 2011 Bill defined GST as any tax on the supply of goods or services, except taxes on the supply of petroleum crude, high speed diesel, motor spirit (petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption.

7. The 2011 Bill provided for the creation of the Goods and Services Tax Dispute Settlement Authority to adjudicate disputes between the central government and state governments on the issues of GST resulting in any loss in revenue, and affecting the harmonized structure of the tax. The 2014 Bill deleted the provision of such an authority.

8. The 2014 Bill defined GST as any tax levied on the supply of goods, or services, except taxes on the supply of alcoholic liquor for human consumption.

9. In addition, the 2014 bill also deleted a provision of the 2011 bill that imposed restrictions on states on taxation of products deemed of special importance in inter-state trade or commerce.

10. It also removes a 2011 provision allowing states to tax the entry of goods into a local area that are for use or sale only to the extent levied by a Panchayat or a Municipality.

Which taxes at the Centre and State level are being subsumed into GST?

At the Central level, the following taxes are being subsumed:
a. Central Excise Duty,
b. Additional Excise Duty,
c. Service Tax,
d. Additional Customs Duty commonly known as Countervailing
Duty, and
e. Special Additional Duty of Customs.
At the State level, the following taxes are being subsumed:
a. Subsuming of State Value Added Tax/Sales Tax,
b. Entertainment Tax (other than the tax levied by the local bodies),
Central Sales Tax (levied by the Centre and collected by the
States),
c. Octroi and Entry tax,
d. Purchase Tax,
e. Luxury tax, and
f. Taxes on lottery, betting and gambling.

What are the major features of the proposed payment procedures under GST?
The major features of the proposed payments
procedures under GST are as follows:
i. Electronic payment process- no generation of paper at any
stage
ii. Single point interface for challan generation- GSTN
12
iii. Ease of payment – payment can be made through online
banking, Credit Card/Debit Card, NEFT/RTGS and through
cheque/cash at the bank
iv. Common challan form with auto-population features
v. Use of single challan and single payment instrument
vi. Common set of authorized banks
vii. Common Accounting Codes.

 

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance .

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience    ensures  total satisfaction to the clients.
We Provide services are:
•    Accounting Services
•    Auditing & Assurance Services
•    Advisory Services
•    Business Services
•    Corporate Services
•    International Services
•    Financial & Corporate Services
•    Foriegn Exchange Services
•    STPI Services
•    Taxation Services
•    Trademark & Copyright Related Services
•    NRI Related Services
•    Corporate Governance Services
•    Service Tax
Strat up/stand up india service

Contact Us:
•    www.khannaandassociates.com
•    www.cafirm.khannaandassociates.com
•    www.bestdivorcelawyer.in
•    www.domesticviolence.co.in
IN-+91-946160007
US-+1-80151-20200

•    info@khannaandassociates.com
•    cafirm.khannaandassociates@gmail.com

 

 

 

File your income Tax Return on/Before 31st July-Khanna & Associates


 

Khanna and Associates is offering services to our vast experience in this domain, we are engaged in offering Income Tax Return Preparation and Filling Services. . We provide service tax filing and service tax return preparation services. We render flawless and highly beneficial financial consultancy. The professionals employed by our firm hold expertise in rendering these effectual finance & Corporate services.

We are income tax consultants – offering Various tax consulting services including:

  • Filing income tax return
  • Tax return preparation
  • Income tax advisory services
  • Income tax salary returns
  • Business returns and other tax filing consultant services at Jaipur in India TDS
  • Compliance
  • ROC Compliance /Advisory Service
  • Service Tax Return /Filling
  • Government Authority compliance /Filling
  • Secretarial compliance/Filling
  • Individual Return
  • LLP Return/Filling
  • Company Filling
  • Sales Tax Registration And Returns/Filling

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  to ensures  total satisfaction to the clients.

We Provide services are:

 

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

 

 

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com
COMPANY INCORPORATION AND MANAGEMENT SERVICES

Lets Start StartUp with Private Limited Company Registration @Rs 12,999/-in India


Private Limited Company Registration

Rs. 12,999 all-inclusive

Let’s Get Started

 

Lets Start StartUp with Private Limited  Company in India

 

Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement. The government programme aims to fill gaps in the economy for the growth and development of startups and will aim to boost digital entrepreneurship at the grassroots

 This proposed definition of Startups has several advantages for Government of India. These advantages are:

 A startup status can be given to any kind of entity- it can be a company:-

  • LLP Partnership
  • Private Limited
  • Section-8 not-for-profit
  • Society
  • Trust or even proprietorships.

 

The Sops

A very supportive Government came out with number of sops for Indian startups.

 Important sops includes:-

  1. Tax exemptions for three years
  2. Concessions on capital gains tax
  3. Compliance simplification
  4. Self-certification
  5. No regulatory inspection for three years,
  6. A Rs. 10,000 crore fund to back startups, 90 days to close down a startup, 80 % reduction in patent filing fee,
  7. And also a mobile app to be launched on April 1 making it possible to register startups in one day.

 

In addition, for a startup to be recognized as one,

Ø  It must be an entity registered/incorporated as a:

Ø  Private Limited Company under the Companies Act, 2013; or

Ø  Registered Partnership firm under the Indian Partnership Act, 1932; or

Ø  Limited Liability Partnership under the Limited Liability Partnership Act, 2008.

Ø  Five years must not have elapsed from the date of incorporation/registration.

 

 

Minimum requirements for the Private Limited Company:-

Features of Private Limited Company :-

  • Require 2 Person as Entrepreneur i.e Directors :- shall have at least one director on its board of directors, who has stayed in India for a total period of not less than one hundred and eighty two (182) days in the previous calendar year
  • Easily Setup and recommend to Growing Startups.
  • Limited Liability for Members.
  • More Credibility as Compare to others.
  • Easily raise funds from Investors.
  • Minimum 2 Shareholders
  • The directors and shareholders can be the same person
  • Minimum Share Capital shall be Rs. 100,000 (INR One Lac)
  • Application of allotment Director Identification Number (DIN) for all the Directors
  • DSC (Digital Signature Certificate) for two Directors

 

Steps Taken for Register a Private Limited Company :-

  • Step 1. Application for Director Identification Number (DIN) in form DIR-3 & DSC (Digital Signature Certificate).
  • Step 2. Search for the Company Name availability.
  • Step 3. Application for the Name availability.
  • Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA).
  • Step 5. Filing of e-forms with RoC (Registrar of Companies).
  • Step 6. Payment of RoC Fees & Stamp Duty.
  • Step 7. Verification of documents / forms by RoC
  • Step 8. Issue of Certificate of Incorporation by RoC

 

Documents Requirements-

  • ID Proof and Address Proof for all Directors. as id proof PAN Card is Mandatory.

 

  • latest utility bill (electric bill/telephone bill) or latest tax receipt/ownership deep of the property for the property to be used for registered office.

 

 

Inclusions:

     One DSC & up to two DINs

     Company Name Reservation

     One DSC & up to two DINs

     Company Name Reservation

     MoA & AoA

     INC-29 /INC-7/INC-22 Filing

     Company PAN & TAN

 

 

 

Private Limited Company Registration

Rs. 12,999 all-inclusive

Let’s Get Started

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance .

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

 

We Provide services are:

 

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

Strat up/stand up india service

 

Contact Us:

 

 IN-+91-946160007

US-+1-80151-20200

cafirm.khannaandassociates@gmail.com

 

Thinking For Start up A Bunisess

Lets Start StartUp with Private Limited Company in India-Khanna & Associates LLP


Lets Start StartUp with Private Limited  Company in India

Step by step guide to Formation / Registration / Incorporation ofa Private Limited Company, in India

 

Defitions:-

“company” means a company incorporated under Companies Act 2013 or under any previous company law.

 

Company limited by guarantee

“Company limited by guarantee” means a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up.

 

Company limited by shares

“Company limited by shares” means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them.

 

Minimum requirements for the Private Limited Company:-

Features of Private Limited Company :-

  • Require 2 Person as Entrepreneur i.e Directors :- shall have at least one director on its board of directors, who has stayed in India for a total period of not less than one hundred and eighty two (182) days in the previous calendar year
  • Easily Setup and recommend to Growing Startups.
  • Limited Liability for Members.
  • More Credibility as Compare to others.
  • Easily raise funds from Investors.
  • Minimum 2 Shareholders
  • The directors and shareholders can be the same person
  • Minimum Share Capital shall be Rs. 100,000 (INR One Lac)
  • Application of allotment Director Identification Number (DIN) for all the Directors
  • DSC (Digital Signature Certificate) for two Directors

Steps Taken for Register a Private Limited Company :-

  • Step 1. Application for Director Identification Number (DIN) in form DIR-3 & DSC (Digital Signature Certificate).
  • Step 2. Search for the Company Name availability.
  • Step 3. Application for the Name availability.
  • Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA).
  • Step 5. Filing of e-forms with RoC (Registrar of Companies).
  • Step 6. Payment of RoC Fees & Stamp Duty.
  • Step 7. Verification of documents / forms by RoC
  • Step 8. Issue of Certificate of Incorporation by RoC

Documents Requirements-

  • ID Proof and Address Proof for all Directors. as id proof PAN Card is Mandatory.

 

  • latest utility bill (electric bill/telephone bill) or latest tax receipt/ownership deep of the property for the property to be used for registered office.

 

Company Formation FAQ’s

 

The complete procedure is primarily divided into following 8 Steps.

Step 1. Application for Director Identification Number (DIN) in form DIR-3 & DSC (Digital Signature Certificate)

What is a Director Identification Number (DIN)?

Director Identification Number (DIN) is a unique identification number issued by the Ministry of Corporate Affairs (MCA), for an existing director or a person intending to become a director of a company.

Documents required for DIR-3 Application

In case of Indian National

  • Identity Proof: Copy of PAN Card (Income Tax Permanent Account Number (PAN) is mandatory in case of Indian National and in such cases applicant details should be as per Income tax PAN)
  • Address Proof: Copy of Passport or Election/Voter ID or Ration Card or Driving license (address having pin code) or Electricity/telephone (Utilities) bill or AADHAR Card. All this should be in the “Name of Applicant” only and it should not be older than 2 months from the date of filing of the e-form.
  • Passport Size Photograph (latest) : 1 photocopy or a soft-copy in (.JPEG format)
  • *Current Occupation
  • *Email Address of the Applicant
  • *Mobile/Cell Number
  • *Educational qualification
  • *Verification to be signed by the Applicant. See the attached DIR4 format

 

In case of Foreign National

Identity Proof: Copy of Passport (mandatory)

Address Proof: Address proof should not be older than 1 year from the date of filing of the eForm.

Passport Size Photograph (latest): 1 photocopy or a soft-copy (in .JPEG format)

*Current Occupation

*Email Address of the Applicant

*Mobile/Cell Number

*Educational qualification

*Verification to be signed by the Applicant. See the attached DIR4 format

 

 All the documents require “Self attestation”.

  • . In case, the director is residing outside India, the attached supporting documents should be attested by the Consulate of the Indian Embassy, Foreign Public Notary. In case of director, supporting documents can also be attested by Company secretary in full time employment / CEO / Managing director of the Indian company in which he / she proposed to be a director.

 

  • DIR-3 shall be digitally signed by the same person i.e. applicant who is filing the application and by either of the following:
  • Company Secretary (in whole-time practice) or a Chartered accountant (in whole-time practice) or Cost accountant (in whole-time practice)
  • Company secretary in full time employment or Director of the company in which the applicant is to be appointed as a director
  • . While making DIR-3 Application following details are mandatory :
  • First Name, Middle Name, Last Name, Details of father of an applicant (even in case of a married woman)
  • In case of a Married woman, a photocopy of the Marriage Certificate is required (If DIN needs to be in the “Changed Name”)
  • . There could be instances of DIR3/DIN Rejection. Refer “Common Causes of DIN Rejection” for the resolution.
  • *Starred items are mandatory fields of DIR-3 application

 What is a Digital Signature Certificate (DSC)?

 Digital Signature Certificate (DSC) is the digital equivalent (i.e. electronic format) of physical or paper certificates. Examples of physical certificates are driver’s license, passport. Certificates serve as proof of identity of an individual for a certain purpose; for example, a driver’s license identifies someone who can legally drive in a particular country. Likewise, a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally. Since MCA accepts electronic submission of Forms on its website the DSC is mandatory for all the users.

Documents required for obtaining DSC

  • Digital Signature Certificate application Form (duly signed by an applicant). An applicant is required to sign across the photo.
  • Download the DSC Application Form (Class II Individual Certificate)
  • All other documents are same as required for the DIR-3 Application
  • Note: All the documents require “Self attestation” and identity proof and address proof should be attested by either a Gazetted officer (Class I) or Bank manager or Post Master.


Step 2. Search for the Company Name availability

The Promoters have to provide at least 6 names in the order of their preference/priority. The Promoters can themselves search for the available names by visiting the MCA Website: Check Name Availability

Step 3. Application for the Name availability

 After drafting of Main Object of the proposed company, need to file e-Form INC-1 (Application for reservation of name) with Registrar of Companies for name availability. The Applicant needs to give 6 proposed names in preference/priority along with their meaning and significance of each word.

Note: Refer the “undesirable names” rules extracts from the Companies (Incorporation) Rules, 2014.

Also refer MCA General Circular on Use of word ‘National’, ‘Bank’, ‘Exchange’, ‘Stock Exchange’ in the names of Companies or Limited Liability Partnerships (LLPs). Refer General Circular No. 2/2014

Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)

 

What is a Memorandum of Association?

Memorandum of Association covers fundamental provisions of the company’s constitution. It covers main object and other objects of the company.

What is Articles of Association?

Articles of Association contain rules and regulations governing the internal management of the company. It is a binding contract between company and its members and members among themselves defining their rights and duties.

As per Section 4(5)(i) of the Companies Act 2013 upon receipt of an application under sub-section (4), the Registrar may, on the basis of information and documents furnished along with the application, reserve the name for a period of sixty days from the date of the application.

After name approval from ROC, the next step is to draft MOA & AOA. The subscribers need to specify Name, Address, and Occupation in their own handwriting & sign the subscription pages of MOA & AOA.

Where subscriber to the memorandum is a Foreign National (residing outside India), please refer Chapter 2 of Companies (Incorporation) Rules, 2014 notified by Ministry of Corporate Affairs for knowing the procedure of obtaining attestation and notary while signing subscription pages of Memorandum and Articles of Association and other relevant document.

 Step 5. Filing of e-forms with RoC (Registrar of Companies)

 Following Forms to be filed/uploaded on the MCA Website.

  1. a) Form INC-7 : For application of Incorporation of the Company

 Mandatory attachments to e-form INC-7

  1. Memorandum of Association
  1. Articles of Association
  1. Declaration by Professional in INC-8
  1. Affidavit from the subscriber to the Memorandum in Form No.INC-9
  1. Proof of residential address which should not be older than two months
  1. Proof of identity
  1. Verification of signature of subscribers i.e. Form No. INC-10, in case the company is not having share capital.
  1. It is mandatory to attach entrenched Articles of association if any of the articles are entrenched.
  1. ii) Optional attachments depending upon case
  1. Copy of in principle approval granted by the Reserve Bank of India or any concerned authority in case proposed company shall be conducting NBFI (Non-Banking Financial Institution) activities
  1. NOC in case there is change in the promoters (first subscribers to Memorandum of Association)
  1. Proof of nationality in case the subscriber is a foreign national
  1. PAN card (in case of Indian national)
  1. Copy of certificate of incorporation of the foreign body corporate and proof of registered office address
  1. Certified true copy of board resolution/consent by all the partners authorising to subscribe to MOA

  Form INC-22 : For Notice of situation of registered office

 Attachments to e-form INC-22

  1. Proof of Registered Office address (Conveyance/Lease deed/Rent Agreement along with the rent receipts) etc.

 Copies of the utility bills (proof of evidence of any utility service like telephone, gas ,electricity etc. depicting the address of the premises not older than two months is required to be attached).

 No Objection Certificate or permission to use

 Certification of e-form INC-22 by CS/CA/CWA (in Whole Time Practice)


Form DIR-12 : For providing information about particulars of appointment of Directors of the company and Key Managerial Personnel

  Attachments to e-form DIR-12

Following are the Mandatory attachments in case of an appointment of a Director / Manager / Company Secretary / CEO / CFO.

  • Letter of appointment
  • Declaration by first director in Form INC-9
  • Declaration of the appointee director, managing director, in Form No. DIR-2

 

Step 6. Payment of RoC Fees & Stamp Duty

 

After filing of documents online, we need to make payment of RoC fees and Stamp Duty electronically which is based upon the Authorised Capital of the Company.

The MCA Fee Calculator  currently being unavailable, please refer the attached “Fee Schedule”

 

Step 7. Verification of documents / forms by RoC

 

After payment of all RoC Fees & Stamp duties, RoC verifies/scrutinises all the documents and forms  and may suggest few changes to be made in the attachments or form itself. We need to make necessary changes accordingly.

 

Step 8. Issue of Certificate of Incorporation by RoC

 

Once all the Forms are duly approved by RoC, the digitally signed “Certificate of Incorporation” is emailed to the Directors.

As part of the Green Initiative by the MCA (Ministry of Corporate Affairs), few Certificates including “Certificate of Incorporation” are now issued only in the electronic format i.e. soft-copy (having digital signature of RoC Registrar).  Once the Incorporation Certificate is received, Company can start it’s operations.

 

 

 

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance .

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience              ensures  total satisfaction to the clients.

 

We Provide services are:

 

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

Strat up/stand up india service

 

Contact Us:

 

 IN-+91-946160007

US-+1-80151-20200

cafirm.khannaandassociates@gmail.com

 

Definition of Startup/Funding /Tax Exemptions Under The Scheme of “StartupIndia” -Khanna & Associates LLP


Definition of Startup

(only for the purpose of Government schemes)

The government is moving on fast to implement the Start-up India programme, with ministries like environment and labour putting in place mechanisms to ensure speedy clearances, senior officials said on Thursday.

 

Startup means

  • an entity, incorporated or registered in India not prior to five years, with annual
  • turnover not exceeding INR 25 crore in any preceding financial year, working towards innovation,development, deployment or commercialization of new products, processes or services driven bytechnology or intellectual property.
  • Provided that such entity is not formed by splitting up, or reconstruction, of a business already inexistence.
  • Provided also that an entity shall cease to be a Startup if its turnover for the previous financial yearshas exceeded INR 25 crore or it has completed 5 years from the date of incorporation/ registration.
  • Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.

 

Department of Industrial Policy and Promotion

Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek launched a portal and a  Mobile App on the start-up India programme, which will provide up-to- date information on various notifications/ circulars issued by various ministries and departments “towards creation of a conducive ecosystem for start-ups”.

The portal and mobile app provide information regarding incubators and funding agencies recognized for the purpose of recommending start-ups (as part of start-up recognition application).

 

1.Providing Funding Support :- through a Fund of Funds with a Corpus of INR 10,000 crore To provide funding support for development and growth of innovation driven enterprises

  • One of key challenges faced by Startups in India has been access to finance. Often Startups, due to lack of collaterals or existing cash flows, fail to justify the loans. Besides, the high risk nature of Startups wherein a significant percentage fail to take-off, hampers their investment attractiveness.
  • In order to provide funding support to Startups, Government will set up a fund with an initial corpus of
  • INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR 2,500 crore peryear) .
  • The Fund will be in the nature of Fund of Funds, which means that it will not invest directly into Startups, but shall participate in the capital of SEBI registered Venture Funds.

Key features of the Fund of Funds are highlighted below:

The Fund of Funds shall be managed by a Board with private professionals drawn from industry bodies, academia, and successful Startups

  • Life Insurance Corporation (LIC) shall be a co-investor in the Fund of Funds
  • The Fund of Funds shall contribute to a maximum of 50% of the stated daughter fund size. In order to be able to receive the contribution, the daughter fund should have already raised the balance
  • 50% or more of the stated fund size as the case maybe. The Fund of Funds shall have
  • representation on the governance structure/ board of the venture fund based on the contribution made.
  • The Fund shall ensure support to a broad mix of sectors such as manufacturing, agriculture, health,education, etc.

2.Tax Exemption on Capital Gains

 

To promote investments into Startups by mobilizing the capital gains arising from sale of capital assets Details Due to their high risk nature, Startups are not able to attract investment in their initial stage. It is therefore important that suitable incentives are provided to investors for investing in the Startup ecosystem. With this objective, exemption shall be given to persons who have capital gains during theyear,

  • if they have invested such capital gains in the Fund of Funds recognized by the Government.
  • This will augment the funds available to various VCs/AIFs for investment in Startups.
  • In addition, existing capital gain tax exemption for investment in newly formed manufacturing MSMEs by individuals shall be extended to all Startups.
  • Currently, such an entity needs to purchase “new assests” with the capital gain received to avail such an exemption. Investment in ‘computer or computer software’ (as used in core business activity) shall also be considered as purchase of ‘new assets’ in order to promote technology driven Startups.

3.Tax Exemption to Startups for 3 years

 

To promote the growth of Startups and address working capital requirements Innovation is the essence of every Startup. Young minds kindle new ideas every day to think beyond conventional strategies of the existing corporate world.

During the initial years, budding entrepreneurs struggle to evaluate the feasibility of their business idea.

With a view to stimulate the development of Startups in India and provide them a competitive platform, it is imperative that the profits of Startup initiatives are exempted from income-tax for a period of 3 years. This fiscal exemption shall facilitate growth of business and meet the working capital requirements during the initial years of operations. The exemption shall be available subject to non-distribution of dividend by the Startup.

 

4.Innovation Focused Programs for Students

In order to promote research and innovation among young students, the Government shall implement the following measures:

  • Innovation Core. Innovation Core program shall be initiated to target school kids with an outreach to 10 lakh innovations from 5 lakh schools. One lakh innovations would be targeted and the top 10,000 innovations would be provided prototyping support. Of these 10,000 innovations, the best 100 would be shortlisted and showcased at the Annual Festival of Innovations in the Rashtrapati Bhavan.

 

5.Credit Guarantee Fund for Startups

In order to overcome traditional Indian stigma associated with failure of Startup enterprises in general and to encourage experimentation among Startup entrepreneurs through disruptive business models,

  • credit guarantee comfort would help flow of Venture Debt from the formal Banking System.
  • Debt funding to Startups is also perceived as high risk area and to encourage Banks and other Lenders
  • to provide Venture Debts to Startups, Credit guarantee mechanism through National Credit
  • Guarantee Trust Company (NCGTC)/ SIDBI is being envisaged with a budgetary Corpus of INR 500 crore per year for the next four years.

 

6.Tax Exemption on Investments above Fair Market Value

Under The Income Tax Act, 1961, where a Startup (company) receives any consideration for issue of shares which exceeds the Fair Market Value (FMV) of such shares, such excess consideration is taxable in the hands of recipient as Income from Other Sources.

In the context of Startups, where the idea is at a conceptualization or development stage, it is often difficult to determine the FMV of such shares. In majority of the cases, FMV is also significantly lower than the value at which the capital investment is made. This results into the tax being levied under section 56(2) (viib). Currently, investment by venture capital funds in Startups is exempted from operations of this provision. The same shall be extended to investment made by incubators in the Startups.

Incubators available

To bolster the Startup ecosystem in India, the Government is proposing to introduce Startup fests at national and international stages.

These fests would provide a platform to Startups in India to showcase their ideas and work with a larger audience comprising of potential investors, mentors and fellow Startups.

1.As part of “Make in India” initiative, Government proposes to:

  • Hold one fest at the national level annually to enable all the stakeholders of Startup ecosystem to come together on one platform.
  • Hold one fest at the international level annually in an international city known for its Startup ecosystem

2.The Atal Innovation Mission (AIM)

The Atal Innovation Mission (AIM) shall have two core functions:

  • Entrepreneurship promotion through Self-Employment and Talent Utilization (SETU), wherein
  • innovators would be supported and mentored to become successful entrepreneurs
  • Innovation promotion: to provide a platform where innovative ideas are generated
  • The main components proposed to be undertaken as part of the mission include:
  • Entrepreneurship promotion:
  • Establishment of sector specific Incubators including in PPP mode (refer #14 of this Action Plan)
  • Establishment of 500 Tinkering Labs
  • Pre-incubation training to potential entrepreneurs in various technology areas in collaboration with
  • various academic institutions having expertise in the field
  • Strengthening of incubation facilities in existing incubators and mentoring of Startups
  • Seed funding to potentially successful and high growth Startups
  • Innovation promotion:
  • Institution of Innovation Awards (3 per state/UT) and 3 National level awards
  • Providing support to State Innovation Councils for awareness creation and organizing state level
  • workshops/conferences
  • Launch of Grand Innovation Challenge Awards for finding ultra-low cost solutions to India’s pressing
  • and intractable problems

3.Harnessing Private Sector Expertise for Incubator Setup.

 

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance .

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience      ensures  total satisfaction to the clients.

 

We Provide services are:  –

Strat up/stand up india service

 

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

 

Contact Us:

IN-+91-946160007

US-+1-80151-20200

info@khannaandassociates.com

cafirm.khannaandassociates@gmail.com

Main Object Clause of Various Types of Companies As Per Companies Act 2013-Khanna &Associates LLP


Main Object Clause of Various Types of Companies As Per CA 2013

 MAIN OBJECT OF COMPANIES

Main objects of NBFC Company

 

To carry on the business or businesses of a holding and investment company, and to buy, underwrite and to invest in and acquire and hold shares, stocks, debentures, debenture stock, bonds, obligation or securities of companies or partnership firms or body corporate or any other entities whether in India or elsewhere either singly or jointly with any other person(s), body corporate or partnership firm or any other entity carrying out or proposing to carry out any activity whether in India or elsewhere in any manner including but not limited to the following:

To acquire any such shares , stocks, debenture, debenture stock, bonds, obligation or securities by original subscription, exchange or otherwise and to subscribe for the same either conditionally or otherwise, to guarantee the subscription thereof issued or guaranteed by any government, state, public body, or authority, firm, body corporate or any other entity or persons in India or elsewhere.

To purchase or acquire, hold, trade and further to dispose of any right, stake or controlling interest in the shares, stocks, debentures, debenture stock, bonds, obligation or securities of companies or partnership firms either singly or jointly with any other person(s), body corporate or partnership firm carrying out or proposing to carry out any activity in India or in any other part of the world.

To invest and deal with the moneys of the Company not immediately required in such manner as may from time to time be determined and to hold or otherwise deal with any investment made.

To facilitate and encourage the creation, issue or conversion of debentures, debenture stock, bonds, obligation, shares, stocks, and securities, and to act as trustees in connection with any such securities, and to take part in the conversion of business concerns and undertakings into companies.

To give any guarantee in relation to the payment of any debentures, debenture stock, bonds, obligation or securities.

To subscribe for, conditionally or unconditionally, to underwrite issue on commission or otherwise take, hold, deal in, and convert stocks, shares and securities, of all kinds, and to enter into partnership, or into any arrangement for sharing profits, union of interest, reciprocal concession or co-operation with any person, partnership, or organize companies, syndicates, or partnerships of all kinds, for the purpose of acquiring and undertaking any property and liabilities of this company, or of any other company or of advancing, directly or indirectly, the object thereof, or for any other purpose which this company may think expedient.

To lend and advance money and assets of all kinds or give credit on any terms or mode and with or without security to any individual, firm, body corporate or any other entity ( including without prejudice to the generality of the foregoing any holding company, subsidiary or fellow subsidiary of , or any other company whether or not associated in any way with, the company ), to enter into guarantees, contracts of indemnity and surety ship of all kinds, to receive money on deposits or loan upon any terms, and to secure or guarantee in any manner and upon any terms the payment of any sum of money or the performance of any obligation by any person, firm or company (including without prejudice to the generality of the foregoing any holding company, subsidiary or fellow subsidiary of , or any other company associated in any way with, the company )

To borrow and raise money in any manner for the purpose of any business of the company or of any company in which the company is interested and to secure the repayment of any money borrowed, raised or owing by mortgage, charge, standard security, lien or other security upon the whole or any part of the Company’s property or assets (whether present or future).

To transact or carry on all kinds of agency business, and in particular in relation to the investment of money, the sale of property and the collection and receipt of money.

To Purchase or otherwise acquire, and to sell, exchange, surrender, lease, mortgage, charge, convert, turn to account, dispose of , and deal with property and rights of all kinds, and in particular, mortgages, debentures, produce, concessions, options, contracts, patents, licenses, stocks, shares, bonds, policies, book debts, business concerns, and undertakings and claims, privileges, and chooses in action of all kinds.

To carry on activities of leasing and /or hire-purchase.

 

 

Main objects of Insurance Company

 

(1)   To undertake, carry on, establish, organize, promote, operate, conduct and develop whether in India or elsewhere through out the world (subject to the laws of the place where the business is to be carried on ) all kinds of general insurance business, whether of a kind now known or hereafter devised and all kinds of guarantee and indemnity business, and in particular without prejudice to the generality of the foregoing words, to undertake, carry on and transact all branches of health, fire, marine, aviation, accident, motor vehicle, employers liability, workmen’s compensation, disease, sickness, failure of issue, loss of key-man, third party liability, burglary and robbery, theft, rural, social, credit, engineering , fidelity and transit insurance and insurance covering risk against any liability under any law, convention or agreement, and to undertake all other risk and liabilities usually undertaken by persons or companies carrying on the business of General insurance and further without prejudice to the generality of the foregoing words :

 

To grant or effect assurances against or upon the contingency of injury, damage or loss by reasons of accidents of any description to human beings (excepting insurance against accidents terminating fatally), and to grant or effect insurance against or upon the contingency of injury, damage or loss by reason of accidents of any description to real or personal property of any kind.

To grant insurance against or upon the contingency of injury, damage or loss occurring to motor vehicles and to the real and personal property of motorists and motor vehicle clubs, caused by or resulting from fire , lightning, explosions, tempests, or the overflow or inundation of water, or from any other accidental cause.

To grant assurances to protect and to indemnify owners of motor vehicles against claims by the public for personal injuries and damage to property caused by their drivers, and to make good to the insured damage to their property produced by collision with houses, vehicles, cycles or motor vehicles of others, and to grant policies or other instruments of insurance indemnifying owners against loss or damage to their motor vehicles by accident, fire and theft.

To carry on the business of fire insurance in all its branches, and to grant insurance against injury or damage to or loss of property directly or indirectly caused by or resulted from fire, accident, lighting , explosion or otherwise.

To insure and grant, issue and effect policies and assurances in respect of surety (excluding financial guarantee) including guarantee of performance of a contract.

To insure and grant, issue and effect policies and assurance in respect of aircraft, vessels and other motor vehicles including for legal liability for passengers or other third parties or physical damage to the hull.

To carry on the business of marine and aerial insurance in all its branches, and in particular to make or effect insurance on ships, vessels, boats, craft and aero planes of all kinds and on goods, merchandise, live or dead stock, luggage, effects, bullion or other property, respondent and bollomry interests, commissions, profits and freights.

To carry on all kinds of transit insurance business including of transit by land, sea, air, inland waterways and re-insurance business incidental thereto.

To establish different classes or clubs of insuring members upon the footing that the members of each class or club shall insure one another on the mutual principle and to manage and regulate such classes or clubs.

To transact insurances to protect employees and principals against liability on account of injury, loss or damage, either sustained or caused by workmen, servants, employees or agents in their employment or acting on their behalf.

To transact insurances to protect and indemnify principals or employers against loss or damage by fraud, breach of trust or misconduct of their servants, agents or others acting on their behalf, and to guarantee and provide security for the fidelity and good conduct of persons filing or about to fill offices or appointments and situations of trust or confidence and also to protect and relieve private sureties against loss arising to them from their liability as cautioners or guarantors for others.

To transact insurances against claims upon the assured for injuries to the person and property of third parties caused by the assured or his property or by others for whom he is responsible.

To transact insurances against loss of property by burglary or theft by housebreaking or larceny.

To insure or give any guarantee in relation to any stock, shares, debentures, debenture stock, bonds, obligations or securities issued by or having any guarantee of any company or institution or of any authority supreme, municipal, local or otherwise, or of any person or persons whomsoever, whether corporate or un-incorporate.

To insure or give any guarantee against calls and demands for contribution in respect of any liability incident to the ownership of any shares or stock in any company or undertaking.

To insure or guarantee the holders of, or persons interested in, or proposing or intending to become holders of any shares, stock or securities issued at a premium or standing at a premium, against loss arising from redemption at par, depreciation or otherwise.

To insure or guarantee the safety of securities and property of all kinds placed on deposit with the Company or elsewhere, or entrusted to the Company or other persons or companies for transmission, or otherwise howsoever.

To insure and guarantee the due payment and performance of bills of exchange, promissory notes, debts, contracts and obligations of all kinds, on the del credere system or otherwise.

To insure and grant, issue and effect policies and assurances in respect of horses, cattle, sheep, pigs and other live stock against death, whether arising in the course of nature or caused by or the result or arising from or out of disease or accident, and against injury or depreciation in value of accident, or by fire, flood, inundation, lightning or tempest.

To insure and grant, issue and effect insurances upon and in respect crops, whether growing or severed, against loss, destruction, or injury by fire, flood or inundation, or in any other manner.

To insure and grant, issue and effect policies and assurances in respect of loss or damage to property caused by an insured peril including with respect to building, furniture and fixtures and contents including stock and equipment.

To insure and grant, issue and effect policies and assurances in respect of inland marine, specialized coverage for property away from the insured premises including contractors equipment, cargo.

To insure and grant, issue and effect policies and assurances in respect of damage to property resulting in a business interruption or loss of income and continuing expenses thereto.

To insure and grant, issue and effect policies and assurances in respect of boiler and machinery including sudden and accidental breakdown of any object including heating and air conditioning equipment.

To insure and grant, issue and effect policies and assurances in respect of legal liability for bodily injury or property damage caused by automobile or otherwise.

To insure and grant, issue and effect policies and assurances in respect of accidental benefits, including providing no fault coverage, medical and loss of income caused by automobile or otherwise.

To insure and grant, issue and effect policies and assurances in respect of physical damage, loss or damage to the insured vehicle or automobile or other mode of transportation.

To insure and grant, issue and effect policies and assurances in respect of commercial general liability or personal liability or legal liability for bodily injury or property damage.

To insure and grant, issue and effect policies and assurances in respect of umbrella or excess liability.

To insure and grant, issue and effect policies and assurances in respect of errors and omissions, legal liability for economic loss caused by rendering or failing to render professional service.

To insure and grant, issue and effect policies and assurances in respect of directors and officers including legal liability for designated directors and officers for wrongful acts.

To insure and grant, issue and effect policies and assurances in respect of employers liability including for legal liability for employees injured in the scope of coverage.

To insure and grant, issue and effect policies and assurances in respect of crime, loss or destruction of money, securities or property by third party. To insure and grant, issue and effect policies and assurances in respect of fidelity including loss of money or securities by employees.

To insure and grant, issue and effect policies and assurances in respect of legal expenses for a specified coverage.

To insure and grant, issue and effect policies and assurances in respect of marine including legal liability and physical damage to the vessel.

To insure and grant, issue and effect policies and assurances in respect of hail including damage to crops caused by hail.

To insure and grant, issue and effect policies and assurances in respect of residual guarantee including guarantees the value of leased property (such as a vehicle) at the end of the lease.

To insure and grant, issue and effect policies and assurances in respect of credit (personal lines only) including guarantees the payments under a mortgage, hire purchase or similar arrangement in the event of default by the obligor and/or the occurrence of some other event (eg. Disability), so long as such insurance is not classified by the insurance regulatory and development authority as “life insurance”.

To insure and grant, issue and effect policies and assurances in respect of accident & sickness (other than stand-alone) including medical expenses and income replacement resulting from accident or serious sickness.

To insure and grant, issue and effect policies and assurances in respect of accidental death & disability including medical and income replacement results from death or permanent disability.

To give to any class or section of those who insure, or have dealings with the Company, any rights over or in relation to any fund or funds, or a right to participate in the profits of the Company, or in the profits of any particular branch or part of its business, either equally with other classes or sections or otherwise and any other special privileges, advantages or benefits and either by way of rebate or otherwise subject nevertheless to the rights of existing policyholders under policies already issued to them and for the time being in force.

To pay, satisfy or compromise any claims against the Company in respect of any policies or contracts granted by dealt with or entered into by the Company which claims it may deem expedient to satisfy or compromise notwithstanding that the same may not be enforceable.

To take, or otherwise acquire, and hold shares, debentures, or other securities of any other company or to invest or otherwise deal in securities or securitized debt of any company, body corporate, trust or individual or the Government of India or any state Government and to lend money and make investments or give credit to any person or company and on such terms as may be considered expedient, and either with or without security; to secure or under take in any way the repayment of moneys or investments lent to or the liabilities incurred by any person or company, and otherwise to assist any person or company and to further invest and deal with the money of the Company not immediately required in any such manner as may from time to time be thought fit.

To insure and grant, issue and effect policies and assurances in respect of workers compensation including no fault coverage for employees injured in the scope of their duties.

To provide general insurance policies in rural sector, workers in un-organised or informal sector or for economically vulnerable or socially backward classes and other category of persons as may be specified by regulations made by the Insurance Regulatory and Development Authority.

To provide guarantee and security for the due performance and discharge by any person including bodies corporate, Official and other receivers , Official and other liquidators , committees, guardians, executors, administrators and other legal representatives of deceased persons, trustees, attorneys, doctors , brokers and agents of their respective duties and obligations.

   To effect savings linked insurance policies.

 

(2) To carry on, establish, organize, manage, promote, provide, operate, conduct and develop general assurance business in all its branches & manifestations in India or elsewhere and for this purpose to operate various schemes including endowment insurance, double benefit and multiple benefit insurance, medical insurance, Engineering and Miscellaneous insurances and insurances covering risk against the perils of loss or Damage to property or person for various reasons such as War, Riot, Civil commotion, storm, floods, Earthquakes, Lightening, Explosion, Mechanical defects, fraud, Breach of trust, Misconduct, theft, Burglary, House-breaking, larceny, and any other contingency, or peril, natural calamity or crop insurance, loss of profit insurance, theft insurance, transit insurance, accidental insurance, limbs and organ insurance, annuity plans, pension plan, gratuity plans, fixed income plans, saving linked insurance plans, and such other schemes and plans as may be considered expedient and necessary from time to time.

 

(3) To act as agents, representatives, surveyors, sub-insurance agents, franchisers, consultants, advisors, collaborators, in general insurance business and activities related thereto.

 

(4) To engage in all activities which are incidental and allied or related to insurance business and for this purpose to apply, approach acquire, hold and procure such rights, titles entitlements, licenses and permissions from Government, Semi-Government, local authorities, public bodies, undertaking and from such other authorities as may be necessary and expedient to carryout the aforesaid activities.

 

 

 

 

Main objects of BPO Company

 

To carry on the business of providing outsourcing services for all processes, sub Processes, transactions, activities and all other work performed by business in various industries within India and across the world. This includes those process or sub processes that are enabled by information technology. It also includes date, voice or video collection and processing, call centre services including in bound and out bound calling services of all kinds, technical support, managed data centre, managed technical centre, training centre, web support back office, business or financial analysis, scientific analysis, research work and analysis, storage, disaster recovery, accounting, pay roll, inventory management, customer relationship management, enterprises resources planning and to develop software, provide consultancy, software solution and services that are normally offered by the outsourcing business and information technology services providers, the software development houses and application services providers.

 

Main objects of Automobile trading company

 

To carry on the business of manufacture, fabricate and assemble, buy, sell, import, export, distribute, and deal in automobile parts of all kinds and descriptions, automotive and other gears, transmission and other axles, universal joints, springs, leaves, head lamps, sealed beams, induction hardened pins, axles, alloy springs, accessories and fittings of al kinds and to act as brokers and marketing agents for aforesaid items.

 

  1. To carry on the business of buying, selling, dealing in, automobiles, motorcars, lorries, buses, vans, motorcycles, cycle-cars, motor, scooters, carriages, amphibious vehicles, and vehicles suitable for propulsion on land, sea, or in the air or in any combination thereof and vehicles of all descriptions, whether propelled or assisted by means of petrol, diesel, spirit, steam, gas, electrical, animal, or other power, and of internal combustion and other engines, chassis-bodies and other components, parts and accessories and all machinery, implements, utensils, appliances, apparatus, lubricants, solutions enamels and all things capable of being used for, in, or in connection with maintenance, and working of motors.

 

 

Main objects of Network Marketing Company

 

To carry on in India or elsewhere the business of buying, selling, reselling importing, exporting, transporting, storing, developing, promoting, marketing or supplying, and to act as broker, trader, agent, C & F agent, distributor, representative, franchiser, consultant, collaborator, stockist,liasioner, job worker, export house in all types and grades of ………….., or otherwise to deal in all shapes, sizes, varieties, specifications, descriptions, applications, modalities, fashions and uses of …………………..,

To carry on in India the business of marketing, promoting, franchising or dealing in any of the above activities as also financial and insurance products or schemes, both in internal and external markets, on its own or through network marketing with membership concept of whatever sort or nature and to appoint sub-franchisers etc., for any of the above purposes.”

 

 

Main objects of Coke, Coal, Charcoal manufacturing Company

To carry on the business of purchase, sale, manufacture, process, import, export, buyers, sellers, traders, merchants, distribution, deal in, to act as indent or agent, commission agent, distributors, wholesalers, retailers, broker, contractor, or otherwise deal with raw and process materials, semi products and end products of Low ash Metallurgical Coke, carbon, Chemicals, Coal, Coke, Petroleum Coke products, Calcined Petroleum Coke, Ferro Alloys, Electrodes, Petro Products and Petro Products of all kinds & specification and other allied items and industrial raw materials.

 

  1. To manufacture, purchase, sell, deal in soft coke, Special Smokeless Fuel(SSF) with coal tar recovered by CMPDIL Technology, industrial coke, coke as substitute to Charcoal, processing and distillation of coal tar coal tar chemicals, any other type of coke and organic chemicals based on carbon and tar derivatives, charcoal, bone charcoal, activated charcoal, activated carbon, black or any other carbon products, dyes, dye intermediaries, coal mining, use of waste heat for processing or production of any article etc.

 

  1. To carry on in all its branches the business of manufacturers and dealers in carbon black of all types, gas black, ebony black, jet black, hydrocarbon black, satin black and silicate of carbon either from natural and/or artificial gas or from any other source.

 

 

Main objects of Horticulture Company

 

To acquire, purchase or take on lease the agricultural land anywhere in the country.

To carry on the business of horticulture, floriculture, sericulture, cultivators, of all kinds of seeds, fruits, including grapes, oranges, apples, mangoes proprietor of orchards and traders, exporter, dealers, processors, preservers and sellers of the products of such horticulture, floriculture, sericulture, seeds and cultivation and manufacturers of drinks including beverages produced from such products or otherwise.

To cultivate, plant, purchase, sell, trade, or otherwise deal in food stuff such as cereals sugarcane, sugar beet, vegetable and flower seeds, oil seeds, tea, coffee, cocoa, cinchona, rubber flex, hemp, cotton, silk, art silk, grass, timber wood, bamboo, straw, seeds fruits and other articles that are the produce of land and to sell purchase, trade and deal in the same as principals or agents, solely or with partnership with other.

To promote, develop, execute, operate and otherwise carry on projects, schemes, industries, business and activities which in the opinion of the Company is likely to :

 

(i)                 accelerate and increase agricultural production;

 

(ii)               contribute to the production of subsidiary and supplementary food;

 

(iii)               increase the availability of supplies of food whether principal, ancillary, supplementary or substitute.

 

To apply for purchase or otherwise acquire and obtain any patents, bravets d’ inventions, licenses, permissions, concessions, processors, and the like conferring any exclusive or limited right (either in point of time or otherwise) to use the same or any secret or other information as to any invention which may seem capable of being used for any purpose of the Company and to use, exercise develop or grant licenses in respect of or otherwise turn to account any such patents, inventions, licenses, permissions, concessions, processes and the information so acquired.

 

 

Main objects of Interior Decorator Company

 

 

To carry on in India or elsewhere the business to manufacture, develop, fabricate, finish, manipulate and to act as importer, exporter, buyer, seller, job worker, wooden beading and mouldings, wooden packing cases, and to carry on either alone or jointly with one or more persons, government, local or other bodies, the business of to undertake Architectural work, inter designers, erection and installation and to act as civil engineers, architectural engineers, interior decorators, consultants, advisors, contractors, turnkey contractors and managers, and to do all incidental acts and things necessary for the attainment of the above objects.

 

 

Main objects of Hotel Business Company

 

To carry on all the business of hotels, restaurants, cafes, holiday camps, resorts, taverns, beer-houses, refreshment rooms, night clubs, cabarets and swimming pools and Turkish baths and lodging or apartment house keepers, licensed victuallers, wine, beer and spirit merchants, brewers, distillers, bakers and confectioners, importers and manufactures of aerated mineral and artificial water and other drinks.

 

(2)       To carry on all the business of purveyors, caterers for public generally, taxi, motor car and motor lorry proprietors, livery, stable and garage proprietors, farmers, dairymen, ice merchants, importers and brokers of food, live and dead stock and foreign produce of all descriptions, hair dressers, perfumers, chemists, Proprietors of clubs, baths, bars, dressing rooms, laundries, reading, writing and newspaper rooms, libraries, grounds and places of amusement, recreation, sport, entertainment of all kinds, health club, beauty saloons, indoor and outdoor playgrounds and stadiums, swimming pools, video and other fun game rooms, race courses, meditation centers, boating clubs, flying clubs, freezing hot preservation and baking chambers, and other apartments, tobacco and cigar merchants including the manufacture of cigars and other allied products, agents for railways, shipping and airline companies and carriers and theatrical and open box office proprietors entrepreneurs in connection with sub-clause 1 above.

 

(3)       To act as hotel management consultants, mangers, operators, advisors, planners, values and to impart technical know-how and training in the field of planning, construction, operation of hotels, motels, restaurants, recreation and entertainment centers in the field of tourism industry whether in India or abroad and to purchase erect or otherwise acquire, establish and equip and act as collaborators, technicians, financiers to any other hotel or restaurant in India or abroad.

 

 

Main objects of Logistics Company

 

 

To establish, organize, manage, run, charter, conduct, contract, develop, handle, own, operate and to do business as fleet carriers, transporters, in all its branches on land, air, water, & space, for transporting goods, articles, or things on all routes and lines on National and International level subject to law in force through all sorts of carries like trucks, lorries, trawlers, dumpers, coaches, tankers, tractors, haulers, jeeps, trailers, motor buses, omnibuses, motor taxies, railways, tramways, aircrafts, hovercrafts, rockers, space shuttles, ships, vessels, boats, barges and so on whether propelled by petrol, diesel, electricity, steam oil, atomic power or any other form of power.

 

  1. To carry on the business as agents, distributors, merchants, importers, exporters, traders, contractors, warehousemen and to establish, maintain, operate and/or run agency lines in goods, stores, consumable items, durable merchandise, chattels and effects of every kind and description in any place in the world

and without limiting the generality of the above, to carry on business as Selling Agents, Buying Agents, Factors, Mukadams, Carriers, Jath Merchants, Landing Clearing and Forwarding Agents, Commission Agents, Insurance Agents, Distributors and Stockiest, Brokers and/ or in any other capacity.

 

  1. To carry on the business of clearing and forwarding agents, courier and cargo handlers, handling and haulage contractors, warehousemen, common carriers by land, rail, water and air, container agents, to handle goods and passengers within the country and outside and to carry on the business of tour and travel operators and to act as customs agents, wharfingers, landing agents, stevedores and longshoremen.

 

 

Main objects of Online Lottery Business

 

To carry on the business of Lotteries, Online Lotteries, dealership in Lotteries run by the Central and/or state government authorities and/or run by the other private bodies, and to carry on the business of market survey and developments of lotteries including market research of various types of lotteries.

 

 

 

Main objects of Manpower Consultancy Company

 

To carry on the business of providing Manpower placement and recruiting, Selecting, Interviewing, Training and Employing all types of executives, Middle Management Staff, Junior Level Staff, Workers, Labourers Skilled/Unskilled required by various Industries and organizations including providing security services, Labour contractors, Industrial, Commercial, Housing and other security services and workers for office management and to conduct employment bureau and to provide consultancy and other services in connection with requirements of persons and manpower supply in India and abroad.

 

 

Main objects of IT Company

 

To carry on the business of Software designing, development, customisation, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions, and to import, export, sell, purchase, distribute, host (in data centers or over the web) or otherwise deal in own and third party computer software packages, programs and solutions, and to provide internet / web based applications, services and solutions, provide or take up Information technology related assignments on sub-contracting basis, offering services on-site/ offsite or through development centers using owned /hired or third party infrastructure and equipment, providing recruitment and HR related services, providing and taking personnel / consultants/ human resources to / from other organizations, providing solutions/ Packages/ services through applications services provider mode via internet or otherwise, to undertake IT enabled services like call Centre Management, Medical and legal transcription, data processing, Back office processing, Accounting, HR and payroll processing, Insurance claims processing, credit card processing, loans and letters of credit processing, cheque processing, data warehousing and database management, to carry on the business of manufacturing, dealing and maintenance of computer hardware, computer systems and assemble data processors, program designs and to buy, sell or otherwise deal in such hardware and software packages and all types of tabulating machine, accounting machines, calculators, computerized telecommunication systems and network, their components, spare parts, equipments and devices and to carry on the business of establishing, running and managing institutions, school, and academics for imparting education in computer technology, offering equipment, solutions and services for Networking and network management, data centre management and in providing consultancy services in all above mentioned areas.

To develop, provide, undertake, design, import, export, distribute and deal in Systems and application software for microprocessor based information systems, off shore software development projects, internet service provider, and solutions in all areas of application including those in Emerging niche segments like Internet and Intranet website applications solutions software enterprise, resource planning, e-commerce, value added products and other business applications either for its own use for sale in India or for export outside India and to design and develop such systems and application software for and on behalf of manufacturers owners and users of computer, telecom, digital, electronic equipments in India or elsewhere in the world.

To manufacture, sell, export, import all kinds of electric & electronic components capable of being used in Electrical & mechanical and electronic Industries including Computers telecommunications to carry our software research and development, to design and develop system software, application software and any other software in India and abroad to start Integrated services Digital Local Network ( ISDLAN ) dial for data Centers technology parks, wide area network Internet, user net, cyber café services in India and abroad.

 

 

Main objects of Publication and Distribution company

 

To carry on in India or elsewhere the business as printers, publishers, typesesster, DPT operators, proofreaders, binders, cutter, perforators, laminators, designers, authors, writer and editors of publication all varieties, descriptions, specifications, applications & uses including books, novels, magazines, journals, souvenirs, newsletters, periodicals, bulletins, pamphlets, forms catalogues, diaries, calendars, posters, pictures, stickers, text books, law books, school books, college books, newspapers & other allied publications on any subject whatsoever in print as well as in electronic media and to develop software, CDs, cassettes, floppies or any other electors mode, devices, systems and to act as job work, contractor, sub-contractor, consultant, date entry operator, page maker, website designer, copyright owner and to deal in all goods, articles and things necessary for the attainment of the above objects.

 

Main objects of Trading Company

 

To carry on the business of buying, selling, reselling, importing, exporting, transporting, storing, developing, promoting, marketing or supplying, trading, dealing in any manner whatsoever in all type of goods on retail as well as on wholesale basis in India or elsewhere.

To carry on the business as exhibitors of various goods, services and merchandise and to undertake the necessary activities to promote sales of goods, services and merchandise manufactured/dealt with/provided by the Company.

To act as broker, trader, agent, C & F agent, shipper, commission agent, distributor, representative, franchiser, consultant, collaborator, stockiest, liaison, job worker, export house of goods, merchandise and services of all grades, specifications, descriptions, applications, modalities, fashions, including by-products, spares or accessories thereof, on retail as well as on wholesale basis.

To carry on in India or elsewhere the business as designers, researchers, developers, manufacturers, buyers, assemblers, modifiers, installers, reconditioners, sellers, hirers, sublessors, market makers, dismantlers, repairers, operators, exporters, importers, distributors, and to act as an agent, broker, adatia, consignor, indenting agent, C&F agent, representative, correspondent, franchisers, stockist, supplier, vendor, transporter, collaborator, export house or otherwise to deal in all its branches in automatic, semiautomatic, manual or other types of tools, tackles, instruments, apparatus, systems & equipments, including lathes, turret-lathes, capstan lathes, engine lathes, drills, drilling machines, shaping machines, planting machines, milling machines, grinding machines, slotting machines, broaching machines, lapping machines, weighting machines, wrapping machines, filtration equipments, franking machines, hydraulic machines and pneumatic machines, punching machines and other allied goods, whether used for special operations or for general operations, and whether operated from human, electrical, magnetic, electromagnetic, chemical, electrochemical, photochemical, solar, tidal wind, nuclear, thermal, thermonuclear or other forms of energy and their parts, products, assemblies, components, instruments, raw materials, display units, control devices, elements, gadgets, circuits, micro circuits, used in machine tools including boules, bars, slices, rounds, wafers, sheets, clips, micro clips, powders, fluids, gases, solids which may be polished, processed, coated, fused, diffused, or otherwise treated and to do all incidental acts and things necessary for the attainment of the above said objects.

 

 

 

Main objects of Petrol Extraction Company

 

To establish, start, operate, Propagate, Produce, manufacture, grow, cultivate, process, collaborate, import, export, sell, purchase or otherwise deal in and marketing of Jatropha, medicinal and aromatic plants, usual and unusual herbs, economic and spices plants, plantation and tuber crops, ready to use potted plants, nuclear seedlings, anther / Pollen culture, Protoplasm fusion, genetically engineering, DNAIRNA antisense, RNA rescue, embryo transfer technology, integrated projects related to hybrid seeds/cut flowers, disease indexing of clean plants, oleoresins / spice extracts, encapsulated spices, euro vegetables / fruits, mushroom, dry / fresh fruits / nuts, fresh / canned / dehydrated / frozen fruits / vegetables, cold storages / cold chains, natural colors / dyes / gums / Pigments / enzymes / base oils / isolates / alkaloids, botanicals/ herbal extracts, essential oils, solvent / field / cryo / hydro / steam distillation, research and development in Jatropha and its processing technologies including Cultivation, transesterification of Jatropha oils into bio diesel and to establish its distribution network across the country, agro and allied fields, establishment of agro processing complexes, green / Polygreen houses, solar green houses, Protected cultivation, Post harvest infrastructure development, Processing technologies, wasteland Promotion and development, land use planning, biofertilizers, bactrim, herbal medicines / cosmetics, new generation activated series of agro / biochemical’s, polymers, biofungicide / biopesticides, IPM (Integrated pest Management), Cogeneration, recycling of organic waste, fermentation and membrane Process technologies, fast foods, marine and Sea foods, energy foods, meat and meat products, Oshtrich / EMU’s dairy / Poultry / Pig farming and processing technologies, beekeeping, honey and its processing, sericulture and its processing technologies and to operate farming under satellite contractual buy-back schemes including cultivation & processing of medicinal and aromatic plants, usual & unusual rare herbs.

 

 

Main objects of Plastic Recycling Company

 

 

To carry on business of plastic recycling and as dealers in plastic raw materials, resins, goods and articles connected with the plastic manufacturing industry.

 

To carry on business of importers, exporters, manufacturers, agents and representatives and dealers in all kinds of plastic raw materials and products.

 

 

 

Main objects of Power generation Company

 

 

To carry on, manage, supervise and control the business of transmitting, manufacturing, supplying, generating, distributing and dealing in electricity and all forms of energy and power generated by any source whether nuclear, steam, hydro or tidal, water, wind, solar, hydrocarbon fuel or any other form, kind or description.

 

  1. To carry on in India or abroad the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems/networks, power systems, generating stations based on conventional/ non-conventional resources for evacuation, transmission, distribution, trading or supply of power through establishing or using stations, tie-lines, sub-stations and transmission or distribution lines in any manner including build, own and transfer (BOT), and/or build, own and operate (BOO) and/or build, own, lease and transfer (BOLT) and/or build, own, operate and transfer (BOOT) basis or otherwise ,and to acquire in any manner power transmission systems/networks, power systems, generation stations, tie-lines, sub-stations and transmission or distribution systems from State Electricity Boards, Vidyut Boards, Power Utilities, Generating Companies, Transmission Companies, Distribution Companies, Central or State Government Undertakings, Licensees, other local authorities or statutory bodies, other captive or independent power producers and distributors and to do all the ancillary , related or connected activities as may be considered necessary or beneficial or desirable for or along with any or all of the aforesaid purposes which can be conveniently carried on these systems, networks or platforms.

 

  1. To plan, develop, establish, erect, construct, acquire , operate, run, manage, hire, lease, buy, sell, maintain, enlarge, alter, renovate, modernize, work and use power system networks of all types including ultra high voltage (UHV), extra-high voltage (EHV), high voltage (HV), high voltage direct current (HVDC), medium voltage (MV) and low voltage (LV) lines and associated stations, substations, transmission and distribution centers, systems and networks and to lay cables, wires, accumulators, plants, motors, meters, apparatus, computers, telecommunication and telemetering equipments and other materials connected with generation, transmission, distribution, supply and other ancillary activities relating to the electrical power and to undertake for and on behalf of others all these activities in any manner.

 

 

 

 

 

Main objects of Educational Institute Company

To set up laboratories, purchase and acquire land for establishment of Institute, equipment and instruments required for carrying out medical investigation and to educate and train medical students, nurses, midwives and hospital administrators and to grant such certificates or recognitions as the company may prescribe or deem fit from time to time and to grant stipends, scholarships or any other assistance monetary or otherwise to whomsoever to further the course medicine and / or medical research.

To carry in-house medical research by engaging in the research and development in all fields , systems of medical sciences and in diagnostics and medical treatments and to develop new technologies so as to afford medical relief in a better way. Further, to collect primary and secondary data and make statistical analysis and apply the findings for furthering medical research and maintain, generate and upkeep intellectual rights, properties and privileges in medical sciences, research, development and innovations and to patent the same and / or register and trade mark(s) and to make use of the same by sale / export / let on hire either for commercial or other purposes.

To provide, encourage, initiate or promote facilities for the discovering, improvement or development of new methods of diagnosis, understanding and prevention and treatments of diseases by adopting commercialized imported technology and by significant improvements in existing product / process / application and to initiate development of technology and to apply this technology in the medical field and also in areas of telemedicine etc, using computer applications to meet the medical standards and also benefit the public by these applications.

To carry on the research and developmental activities to develop new products and substitute for imported products and to develop and maintain testing house and laboratory for own use and for others and healthcare institutions and to promote research and development in these areas.

 

Main objects of Textile Company

 

To carry on the business of manufacturing, buying, selling, importing, exporting and dealing in textiles, cotton, silk, art silk, rayon, nylon, synthetic fibers, staple fibers, polyester, worsted, wool, hemp and other fibre materials, yarn, cloth, linen, rayon and other goods or merchandise whether textile felted, netted or looped.

To carry on the business of importers, exporters, buyers, sellers, dealers and as agents, stockiest, distributors and suppliers of all kinds of ready made garments, coverings, coated fabrics, textiles, hosiery and silk or merchandise of every kind and description and other production goods, articles and things as are made from or with cotton, nylon, silk, polyester, acrylics, wool, jute and other such kinds of fiber by whatever name called or made under any process, whether natural or artificial and by mechanical or other means and all other such products of allied nature made thereof.

 

 

Main objects of Tour and Travel Company

 

To encourage and provide the business as package tour operators, daily passenger service operators, tour operators, travel agents, ship booking agents, railway ticket booking agents, airlines ticket booking agents, carrier service agents, courier service agents.

To carry on the business of running of taxies, buses, mini buses, trucks and conveyances of all kinds and to transport passengers, goods, commodities, livestock’s, merchandise and to do the business of transporters, forwarding and transporting agents, stevedore, Carmen, what fingers, cargo superintendents, package handlers and carting contractors.

To carry on the business as tourist agents and contractors and to facilitate traveling and to provide for tourists and travelers, the provision of convenience of all kinds in the way of through tickets, sleeper cars, or berths, reserved places, hotel, motel and lodging, accommodation guidance, safe deposits, enquiry bureaus, libraries, reading rooms, baggage transport and other allied services.   4. To act as Money Changers to provide services that may be necessary for the achievement of the aforesaid objects.

 

 

Main objects of Venture Fund Management Company

 

To carry on in India or elsewhere the business to establish, form, promote, manage, organize handle, sponsor, operate, supervise or to float venture capital fund /company to manage all sorts of assets of venture capital through a duly incorporated company under the Companies Act, 1956 as approved by Securities & Exchange Board of India or other authorities from time to time under prevailing laws, rules & guidelines and to encourage and develop first generation entrepreneurs, specially technologists, technocrats and professionals, in order to enlarge the technological entrepreneurial base in the country. To promote risk oriented projects entailing the use of advanced and / or complex technology or projects for the manufacture of new products for new usages and markets that will strengthen the national economy and to charge such management and advisory fees and incidental expenses and to do all such acts and things as are necessary for the attainment of the foregoing objects.

 

 

Main objects of Hospitality Services Company

 

To purchase & acquire land for establishment of hotels, holidays, resorts, villas, lodgings, stalls, garages, summerhouses, chateaus, castles, inns, hostels, road houses, motels, taverns, rest houses, guest houses.

To sell, serve & to distribute & to manage & market the manufacture of selling, serving & distribution of comestible, eatables. Victuals, meat, bread, bread stuffs & all types of food stuffs & human consumables.

To sell serve & to distribute & to manage & market, selling, serving & distributing of soft drinks, aerated waters, beverages, both natural & artificial fresh & canned vegetables & meats, fresh & canned fruits & to manufacture, grow, produce, develop, process ( including canning, cold storage, deep freezing de-hydration, baking, drying, bottling & packing ) of all types of vegetables, fruits, meat, fish, spices & condiments.

To carry on the business of travel agents, hirers of motor & other vehicles, caterers for public amusements, hair dressers, perfumes, chemists, proprietors of clubs, bath, dressing rooms, laundries, reading rooms, writing rooms, newspaper & smoking room, libraries, places of amusements, recreation, sports, entertainment & instruction of all kinds, departmental stores, agents for railway, shipping and airplane companies and carriers, theatrical and opera box office, proprietors, insurance agents.

 

 

Main objects of Warehousing Company

 

To carry on the business in India or abroad to take on lease, rent, hire and to construct, build, establish, erect, promote, undertake, acquire, own operate, equip, manage, renovate, recondition, turn to account, maintain and to run warehouses, god owns, open platforms, refrigeration houses, stores and other similar establishments to provide facilities for storage of commodities, goods, articles and things, and for the purpose to act as C & F agent, custodian, warehouseman, transportation and distribution agent, stockiest, financier, auctioneer, importer, exporter, or otherwise to deal in all sorts of commodities, vegetables, fruits, edibles and similar goods.

 

 

Main objects of Web Portal Company

 

To carry on the business of providing solutions and services related to Web-Technologies, Internet and E-commerce, including to design, develop, maintain, operate, own, establish, install, host, provide, create, facilitate, supply, sale, purchase, license or otherwise deal in Internet portals, Internet networks, Media Portals, Internet solutions, Internet gateways, Internet service providers, E-commerce, Web-site designing, Web based and Web enabled services and applications, E-commerce service provider, E-commerce solutions, E-commerce platforms, E-commerce education, E-commerce technologies and E-business solutions.

To provide consultancy services addressed to business process engineering, information technology and the design and implementation of information technology solutions for Industry and to establish computer network, either as part of international network or as stand alone network or otherwise, development of websites, Portal Sites and provide high speed digital / analog communication links to other networks and to establish and offer internet services, internet service provider and any other service which is feasible by using internet or any other such international networks.

To develop expertise and impart education in the fields of information technology.

To identify and acquire/invest in Companies and enterprises including forming joint venture and act as a Holding company in businesses holding prospects of growth including investing in Companies dealing in Telecom Ventures, ISP Business, WEB portal business, IT server farms and hosting business, digital service provider business, IT software development business, multimedia software development business and any other business activity in the areas of telecommunications and information technology.

 

 

Main objects of Coaching Institute Company

 

To acquire and take over the running business of proprietorship concern named [Name of the firm] along with all its assets and Liabilities on such terms and conditions as may be mutually agreed upon. The said Proprietorship Firm will cease to exist after such takeover by the Company after incorporation thereof.

To establish, setup, and run in any part of India coaching institutes , Study centre, oral coaching classes, where in professional, technical, vocational or higher education in every field of science, commerce, arts, management, engineering, law, banking, insurance, finance, medicine, hospitality, tourism, computers, or any other type of education be imparted by conducting regular , part time classes.

To establish, develop, promote franchise, study centers in India or abroad for conducting regular, evening or weekend interactive classes and to get the necessary approval, permission required for this purpose.

To enter in to Joint Venture, or collaborate with accredited educational institutions in India/outside India to provide such infrastructure assistance to such accredited educational institution and such other learning support on such terms and conditions as may be decided by the company from time to time.

 

 

Main objects of Pharmaceutical Company

 

To manufacture, formulate, process, develop, refine, import, export, wholesale and/or retail trade all kinds of pharmaceuticals, antibiotics, drugs, medicines, biological, neutraceuticals, healthcare, ayurvedic and dietary supplement products, medicinal preparations, vaccines, chemicals, chemical products, dry salters, mineral waters, wines, cordials, liquors, soups, broths and other restoratives or foods and also to deal in medicinal goods such as surgical instruments, contraceptives, photographic goods, oils, perfumes, cosmetics, patent medicines, soaps, artificial limbs, hospital requisites, proprietary medicines, veterinary medicines and tinctures extracts and to carry on the business of vialling, bottling, repacking, processing of tablets, capsules, syrups, injections, ointments, etc. and also to carry on the business of chemists, druggists, buyers, sellers, agents, distributors and stockiest of all kinds of pharmaceuticals and allied products.

To carry on in India or abroad business of importers, merchants, general order suppliers, commission agents, representatives, distributors, royalty owner, contractors, auctioneers, indent agents, passage agents, factors, organizers, concessionaries, sale agents, sub agents, and insurance agents, in connection with the business as referred to in sub-clause (1) above.

To acquire, establish, run and maintain hospital(s) for the reception and treatment of persons suffering from illness, or mental defect or for the reception and treatment of persons during convalescence, or of persons requiring medical attention, or rehabilitation, to provide medical relief to the public in all branches of medical sciences by all available means, to run, own, manage, administer, Diagnostic Centers, Scan Centers, Nursing Homes, Clinics, Dispensaries, Maternity Homes, Child Welfare and Family Planning Centers, Clinical, Pathological testing laboratories, X-Ray and ECG Clinics in India and abroad, to act as Consultant and Advisors providing technical know-how, technical services and allied services for the establishment, operation and improvement of Nursing Homes, Hospitals, Clinics, Medical Institutions, Medical Centers, Diagnostics Centers and Laboratories In India and abroad, to carry out medical research by engaging in the research and development of all fields of medical sciences, and in therapies of medical treatment, so as to afford medical relief in a better way, to provide research facilities for carrying on research, basic and applied, in all systems and discipline or medical and surgical knowledge, to develop pharmacological standardization of indigenous medical plant, to encourage and discover new medical and/or surgical management of disease and affections and to investigate and make known the nature and merits of investigations and findings and research in the said field and to acquire any processes upon such terms as may seem expedient and to improve the same and undertake the manufacture of any product developed, discovered or improved and/or to give licenses for the manufacture for the same to other and either to market the same or to grant licenses to other to market the same on such terms as may be deemed fit, to provide, encourage, initiate or promote facilities for the discovery, improvement or development of new method of diagnosis, understanding and treatment of diseases.

To establish and run health portal, web sites, medical transcription centers, data processing/computer centers, retail chains, e-commerce, and to offer wholesale, retail, e-commerce facilities, health constancy and data processing and other services that are normally offered by health portal, web sites, medical transcription centers, data processing/computer centers, retail chains, etc. to individuals, business and other type of customers and to impart training of Electronic data processing, Computer Software and Hardware, to customers and others and to carry on the business of manufacturers, producers, makers, convertors, repairers, importers, exporters, traders, buyers, sellers, retailers, wholesalers, suppliers, indenters, packers, movers, preservers, stockiest, agents, sub-agents, merchants, distributors, consignors, jobbers, brokers, concessionaires or otherwise deal in computers, data processors, calculators, tabulators, machines, appliances, accessories, devices and instruments, of every kind and activation for use for industrial, commercial, scientific, medical, statistical, or any other purpose and any product or products thereof or materials, articles, software and hardware used in the operation of or otherwise in connection therewith or ancillary thereof.

 

 

Main objects of Developing, Building and constructing properties

 

To purchase any land, plot(s) of land or immovable property or any right or interest therein either singly or jointly or in Partnership with any person(s) or Body corporate or partnership Firm and to develop and construct thereon residential, commercial complex or complex(es) either singly or jointly or in partnership as aforesaid, comprising offices for sale or self use or for earning rental income thereon by letting out individual units comprised in such building(s).

To purchase any movable or immovable property including industrial, commercial, residential, or farm lands, plots, buildings, houses, apartments, flats or areas within or outside the limits of Municipal Corporation or other local bodies, anywhere within the Domain of India, to divide the same into suitable plots, and to rent or sell the plots for building/constructing residential houses, bungalows, business premises, and colonies and rent or sell the same and realize cost in lumpsum or easy installments or by hire purchase system and otherwise.

To purchase, sell and otherwise to carry on the business such as builders, contractors, architects, engineers, Estate agents, decorators and surveyors.

To purchase for resale and to trade in land and house and other immoveable property of any tenure and any interest therein, and to create, sell and deal in freehold and leasehold ground rents, and to deal in trade by way of sale, or otherwise with land and house property and any other immovable property whether real or personal.

To construct, execute, carryout, equip, support maintain, operate, improve, work, develop, administer, manage, control and superintend within or outside the country any where in the world all kinds of works, public or otherwise, buildings, houses and other constructions or conveniences of all kinds, which expression in this memorandum includes roads, railways, and tramways, docks, harbours, Piers, wharves, canals, serial runways and hangers, airports, reservoirs, embankments, irritations, reclamation, improvements, sewage, sanitary, water, gas, electronic light, power supply works, and hotels, cold storages, warehouses, cinema houses, markets, public and other buildings and all other works and conveniences of public or private utility, to apply for purchase or otherwise acquire any contracts, decrease, concessions, for or in relation to the construction, execution, carrying out equipment, improvement, administration, or control of all such works and conveniences as aforesaid and to undertake, execute, carry out, dispose of or otherwise turn to account the same.

 

 

 

Main objects of Agro Service Company

To carry on business as manufactures, importers, exporters, wholesalers, retailers and dealers in all types of agri-inputs, like fertilizers, Micronutrients, Pesticides & insecticides, veterinary and live stock feeds and feed supplements, fish feeds and its supplements.

To buy import, export, sell and generally deal in all plant and machinery, implements, accessories, tools, goods or things and all types of modern agricultural implements, veterinary, live stock and poultry equipments and also to carry on the business of poultry, farming, agricultural farming, fish rearing and allied activities.

 

 

Main objects of Steel Company

 

To acquire or carry on in India or elsewhere the business of providing heat and cold treatment of iron, steel (including alloy steel) and metal founders, processors, turners, forgers, drawers, rollers and re-rollers of steel shafting’s, bars, rods, etc., in different shapes and sizes from scraps, billets, ingots including wire, nails, screws, metal hinges, plates, sheets, strips, hoops, rounds, circles, angles and to alloy steel, stainless steel, any other products from steel, brass, copper, lead, zinc, nickel and any other ferrous and non-ferrous metals of all sizes, specification and description including ingot casting in electric and furnace.

To carry on in India or elsewhere the business to design, manufacture, produce, prepare, buy, procure, acquire, import, improve upon, alter, manipulate, maintain, prepare for market, handle, assemble, heat, grade, mould, cast, sell, resale, export, operate, dispose of, distribute, transport, store, forward, dispose, consume, repair supply and otherwise deal in or develop all types, varieties, models, shapes, sizes, specifications, description, diameters, capacities, applications, uses and values of gadgets, implements, accessories, parts, spares, assemblies, components, moulds, jigs, nuts, bolts, fixtures and tools, metallic or otherwise.

To act as agent, broker, representative, and consultant, collaborator, stockiest, lesser, franchiser, wholesaler, retailer, job-worker, exporter, importer, dealer or in any such other capacity in respect of products manufactured or dealt with by the Company.

To carry on all processes like metal printing, metal anodising, electro-plating, chemical treatment and lacquering in respects of products manufactured or dealt with by the Company.

 

 

Main objects of Retail Business

 

To acquire or carry on in India or elsewhere the business of providing heat and cold treatment of iron, steel (including alloy steel) and metal founders, processors, turners, forgers, drawers, rollers and re-rollers of steel shaftings, bars, rods, etc., in different shapes and sizes from scraps, billets, ingots including wire, nails, screws, metal hinges, plates, sheets, strips, hoops, rounds, circles, angles and to alloy steel, stainless steel, any other products from steel, brass, copper, lead, zinc, nickel and any other ferrous and non-ferrous metals of all sizes, specification and description including ingot casting in electric and furnace.

To carry on in India or elsewhere the business to design, manufacture, produce, prepare, buy, procure, acquire, import, improve upon, alter, manipulate, maintain, prepare for market, handle, assemble, heat, grade, mould, cast, sell, resale, export, operate, dispose of, distribute, transport, store, forward, dispose, consume, repair supply and otherwise deal in or develop all types, varieties, models, shapes, sizes, specifications, description, diameters, capacities, applications, uses and values of gadgets, implements, accessories, parts, spares, assemblies, components, moulds, jigs, nuts, bolts, fixtures and tools, metallic or otherwise.

To act as agent, broker, representative, consultant, collaborator, stockiest, lessor, franchiser, wholesaler, retailer, job-worker, exporter, importer, dealer or in any such other capacity in respect of products manufactured or dealt with by the Company.

To carry on all processes like metal printing, metal anodising, electro-plating, chemical treatment and lacquering in respects of products manufactured or dealt with by the Company.

 

 

Main objects of Special Economic Zone Company

 

To carry on in India or abroad the business of developing, constructing, establishing, commissioning, setting up, operating , maintaining, alteration, pulling down and restore either alone or jointly with any other companies or persons, Government , firms, associations authorities, bodies, trusts, agencies, societies or any other person or persons engaged in or in connection with either directly or indirectly and whether wholly or in part, for the purposes of infrastructure development work or providing infrastructure facility or engaged in infrastructure activities, which shall include work or facility or providing of services in relation to or in connection with setting up, development, construction, operation, maintenance, modernisation, expansion and improvement of any infrastructure project or facility including roads, special economic zones, export processing zone, knowledge parks, information technology parks, highways, railways, airways, waterways, ports, transport systems, bridges, tele-communication and other communication systems, systems for generation or storage or transmission or distribution of power, irrigation and irrigation systems, sewerage, water supply, sanitation, health, tourism, education, oil & gas (excluding exploration), food and agriculture infrastructure and setting up of industrial areas.

 

 

 

Main objects of Electronics Company

 

To carry on the business of manufacture including production and processing and fabrication and assembling, repairing, alternation, buying, importing, marketing, selling and exporting and otherwise dealing in all types of automotive components, electrical components, spare parts, products, equipments for all types of two-wheelers, passenger cars, light motor vehicles, multi-utility vehicles, heavy motor vehicles, All Terrain Vehicles (ATVs) and all other types of automobiles.

To carry on the business of manufacturing including production and processing and fabrication and assembling, repairing, alternation, buying, importing, marketing, selling and exporting and otherwise dealing in all kinds of equipments, machinery apparatus, tools, assembles, spares, components, jigs, dies, utensils, commodities for manufacturing all types of automotive components and equipments.

To carry on the business of manufacturing including production and processing and fabrication and assembling, repairing, alternation, buying, importing, marketing, selling and exporting and otherwise dealing in all types of electrical components for home appliance products.

To carry on the business of manufacturing including production and processing and fabrication and assembling, repairing, alternation, buying, importing, marketing, selling and exporting and otherwise dealing in all types of telecommunication components.

To carry on the business of research and development, design, provision of technical assistance and licenses, consulting and otherwise of manufacturing systems including production control and quality control and improvement of production lines relating to above objects.

 

Main object of Broadcasting and Networking company

To carry on the business of broadcasting, telecasting, relaying, transmitting, distributing or running any video, audio, voice, or other programmers or software, (both proprietary and third party) over television, radio, internet, telecom or any other media.

To carry on the business of Cable services encompassing distribution, relaying, transmission of signals including but not limited to TV, voice over Internet Protocol, Video On Demand or any other services through cable within and outside India by means of any system.

To offer internet based services including but not limited to offering international and domestic voice, voice-over-internet protocol (VOIP), Broadband internet, wireless, data and hosting services to business and residential retail customers and other carriers located in the territory of India and to apply and obtain licenses to carry on these objects.

To create/raise infrastructure of dark fibers, right of way, duct space & tower for relaying and transmission of signals for internet and telecom based cable services to end subscribers and customers in Indian territory, to offer such infrastructure to others business establishment on lease and commercial terms and to apply and obtain licenses to carry on these objects.

 

Main objects of SEZ Unit – IT & ITES

 

To carry on in India and abroad all kinds of business in the field of telecommunication, information technology, e-commerce, computer hardware and software and all other related business and to also design, develop, invent, research, prepare, manufacture, establish, buy, sell, import, export or otherwise deal, repair, distribute, market and give consultancy and take or give on lease, license, hire or otherwise and to carry on all categories and aspects of business in:

(a)           Telecommunication network, international gateway provider using facilities such as cable, telephone and computer linkage services.

(b)           Internet-related services such as telnet, usenet, medical transcription, tele/video conferencing and file transfer protocol.

(c)           Call Centres.

(d)           Web sites, web hosting and web programming.

(e)           Internet services, systems and connectivity with telephone network using telephone, satellites and transponders.

(f)             Cyber shops, cyber cafes, cyber classrooms, internet kiosks.

(g)           E-mail and e-commerce services.

(h)           Computer software, computer programming, computer peripherals in all lines of business/profession al activities.

(i)             Data-storage, data analysis and data processing related activities.

(j)             Using broadband technology in computers.

 

To develop, improve, buy, sell, assemble, import, export, exchange, repair and otherwise deal in all kinds of computers, microprocessor based systems, peripherals and their parts, components and systems, computer hardware and accessories and related equipments, computerized magnetic tapes, magnet drums, magnetic discs, magnetic cards, magnetic core, magnetic tools, CD ROM & Optical Disks, disk drives and buy, sell or otherwise deal in all kinds of computer hardware, software, their programmes and accessories.

To establish and run date processing/computer training centers and to offer consultancy and data processing and other services that are normally offered by data processing computer centers to industrial, business and other types of customers and to impart training on electronics data processing, computer software and hardware to customers and others in India and abroad.

To act as consultants, advisors and engineers, whether in India or Abroad on matters relating to systems design and software developments and to carry on the business of providing consultancy, technical know-how services and training in all the fields of telecommunication, information technology, voice transcription and processing.

 

 

Main objects of Agriculture and Plantation activity Company

 

To provide the necessary infrastructure to harvest and develop forest resources based, to promote forest resources based Industries, to arrange marketing of timber and other forest resources on the mainland and abroad.

To plant, grow, cultivate, produce, and raise plantations of various forest species of proven utility and other agricultural, plantation, horticultural crops, medicinal and aromatic plants and to buy, sell, export, import, process, distribute, or otherwise deal with all kinds of forest crops, natural products agricultural, plantation and horticultural crops, medicinal and aromatic plants.

To carru on the business of planters, cultivators, producers, sellers and dealers in timber, processed or not and such other products of every description and to manufacture, dispose of sell and deal in products of natural forest and forest plantations, agricultural, plantation and horticultural crops and medicinal and aromatic plants.

To establish, administer, own and run industries for manufacturing forest products, agricultural, plantation and horticultural products, medicinal and aromatic plants.

To conduct and contract for training and research connected with the integrated develoment of forest resources of the islands and cultivation as well as processing of agricultural, plantation and horticultural crops, medicinal and aromatic plants.

To maintain and improve Wild Life and other natural Resources.

 

 

Main objects of Merchant Banking Company

 

To act as a Merchant Bankers, Portfolio Managers, Underwriters, Sub-Underwriters, Consultants for Capital Issues, Advisors to Capital Issues, Registrars to the issue, Share Transfer Agents, Investment Consultants, Consultants and Management Advisors to Corporate Bodies, Individuals and Promoters in commercial, industrial management and policy matters and to make project evaluation, feasibility studies, project report, and surveys and to give expert advice and suggest ways and means for improving efficiency in business organization and concerns and industries of all kinds and/or to act as lead managers, co-managers to issue of shares, stocks, bonds, debentures, commercial paper or other securities of bodies corporate or industrial undertaking and/or shares ,stocks, bonds, debentures, commercial paper or other securities issued to any government or semi-government authority or public authority of government under taking or stocks, bonds, debentures or of the securities.

To carry on business of investment and to undertake and transact and deal in bills of exchange, hundies, promissory notes and other negotiable instruments and securities and also to issue on commission, to subscribe for, underwrite, take, acquire and hold, sell and exchange and deal in shares, stocks, bonds or debentures or securities of any government or public authority and/or to acquire any such shares, stocks, debentures, bonds by original subscriptions, exchange or otherwise and to subscribe for the same either conditionally or otherwise and to guarantee the subscription thereof.

 

Main objects of Food Company

 

To carry on the business of process, produce. Mix, pack, preserve, freeze, extract, refine, manufacture, import, export, buy, sell, trade and deal in processed foods, health foods, protein foods, food products, agro foods, fast foods, packed foods, poultry products, sea foods, milk foods, health and diet drinks, extruded foods, frozen foods, dehydrated foods, precooked foods, canned foods, preserved foods, bakery products and confectionery items such as breads, biscuits, sweets, cakes, pastries, cookies, wafers, condoles, lemon drops, chocolate, toffees, tinned fruits, chewing gum, bubble gum, detergents, tea and coffee, vegetables, fruits, jams, jelly, pickles, squashes, sausages, nutrient, health and diet foods / drinks, extruded foods, confectionery items, sweets, cereals products and any other food products in and outside India.

To carry in India or elsewhere the business to process., prepare, disinfect, fennentate, compound, mix, clean wash, concentrate, crush, grind, segregate, pack, repack, add, remove, heat, grade, preserve, freeze, distillate, boil, sterilize, improve, extract refine, buy, sell, resale, import, export, barter, transport, store, forward, distribute, dispose, develop, handle, manipulate, consultant, collaborator, adatia, stockists, liasioner, middleman, export house, jobworker or otherwise to deal in all types, descriptions, tastes, uses and packs of consumer food items, their by products, ingredients, derivatives, residues, including foods and vegetables, packed foods, powders, pastes, liquids, drinks, beverages, juices, jams, jelly, squashes, pickles, sausages, concentrates, extracts, essences, flavours, syrups, sarbats, flavoured drinks, cream, cheese, butter, biscuits, breads, cakes, pastries, confectionery, sweets, chocolates, toffees, fun foods, breakfast foods, dietic products, strained baby foods, instant foods, cereal products, table delicacies and all other items whether natural, artificial or synthetic.

To carry on the business of processing, farming, manufacturing, distributorship, agency, broker, factors, stockiest, importer and otherwise deal in all kinds of organic and inorganic foods products and drinking products, mineral water, soft drinks, aerated mineral water, fruit drinks, artificial flavoured drinks, condensed milk and drinking products of all kinds and other consumable provision of every description for human consumption.

To carry on the business of hotel, restaurant, and snack bars and catering.

To import and export of all kinds and types of food products and drinks.

 

 

Main objects of Bio-tech Company

To manufacture, formulate, process, develop , refine all kinds of pharmaceuticals, antibiotics, medicinal preparations, drugs, chemicals, chemical products, dry salters, foods suitable for infants and invalids, and allied goods and to carry on the business of chemists, druggists, importers, exporters, buyers, sellers, agents, distributors and stockists of all kinds of pharmaceuticals.

To manufacture, buy, sell and deal in mineral waters, wines, cordials, liquors, soups, broths and other restoratives or foods especially those suitable for infants, invalids and convalescents, and also to deal in medicinal goods, such as surgical instruments, contraceptives, photographic goods, oil, perfumes, cosmetics, patent medicines, soaps, artificial eyes, hospital requisites, vaccines, biologicals, proprietary medicines, veterinary medicines and tincture extracts.

To carry on the business of vialling, bottling, repacking, processing of capsules, syrups, tablets and ointments.

To carry on the business of manufacturers and dealers in insecticides, pesticides, repellents, fertilisers and all kinds of agricultural chemicals and to carry on the said business in all their branches and/or to undertake spraying of such chemicals through manual, mechanical and /or aerial operations, alone or in association with other agencies and/or companies.

To act as an import & export house.

To acquire, render or sell, give technical know-how in India or abroad for any kind of collaboration on any basis.

To carry on the business as manufacturers, producers, growers, makers, buyers, sellers, importers, exporters, distributors, agents, brokers, consultants, factors, stockists, commission agents, dealers, market makers and engineers of engineering goods, machinery, apparatus, tools, instruments, appliances, metals, alloys, iron, automobile parts, steels and stainless steel and iron products, hides, skins, leather goods, furs, bristles, tobacco (raw and manufactured ), hemp, seeds, oils and cakes, vanaspati,textile, fibre, coir, jute and products thereof, wood and timber, bones crushed and uncrushed, coal and charcoal, glue, gums and resins, ivory, lac, shellac, manures, pulp or wood rags, rubber, tanning substance, petroleum & petroleum products, gases, wax, quartz, crystal, chemicals and chemical preparations, plastic linoleum articles, glass ware, handicraft items, handloom, toys, gold, precious stones, ornaments, jewelleries, pearls, drugs, medicines and pharmaceutical and biological products, instruments and appliances, soaps & detergents, paints, machinery and mill work and parts thereof, paper and stationery, newsprint, sport goods, cosmetics, films, rubber and plastic goods, batteries, surgical and musical instruments, marble and hardware items, calendars, all kinds of books and manuscripts, electrical and electronic products of all kinds, computer hardware & software, data processing, communication systems, air conditioning & refrigeration, sanitary ware and fittings, synthetic, cotton and woollen yarns and fiber, woollen textiles, natural fiber, cellulose and cellulose products, fruits, nuts, cashew –nuts, kernels, grains, pulses, flours, confectionery items, alcohol, beverages, perfumes, spirits, spices, tea and coffee, sugar and molasses, vegetables and vegetable products, processes foods and packed food, agro and agricultural products, all kinds of fabric, garments and hosiery goods, agarbatti, dhupbatti, carpets, durries, mats, rugs, furniture and packing materials and all other articles of silk, cotton, woollen and worsted materials and all sorts of apparels, dressing materials.

To carry on the business of manufacturers, producers: importers, exporters, retailers, distributors, agents and dealers in chemical, scientific apparatus, appliances, compounds, preparations, materials and requisites of all kinds, and of cements, ceramics, oils, paints, pigments, varnishes, drugs, dye wares, essences, essential oils, ingredients for aerated or mineral water and other drinks, soaps, cosmetics, perfumes, soap flavourings, toilet requisites and preparations, disinfectants and antiseptics, and or cordial, liquors, soups, broths and other restoratives and foods, abrasives & grinding, air-conditioners, alkalis, aluminium, automobiles, auto-ancillaries, bearings, breweries & distilleries, cables, carbon black, cement & cement products, ceramic tiles, cigarettes, civil construction, housing, cycles & accessories, decorative & laminates, diamonds & jewellery, domestic appliances, dry cells, dyes & dyes intermediaries, electrical equipments, switchgears, picture tubes, electrodes, engineering products, engines, entertainments, fasteners, ferro alloys, fertilisers, food processing, food products, forgings, glass, explosives, leather footwear & leather products, lubricants, machine tools, metals, mining, moulded luggage, furniture, office equipments, packaging & packaging products, paints, photographic & allied products, plastics, pollution control equipments, power, pumps & compressors, refineries, refractories, solvent extraction, sponge iron, pig iron, steel tubes, pipes, telecommunications, textile machinery, power transmission and tyres & tubes.

 

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts as well as Tribunals. An individualized service by members with decades of experience   ensures total satisfaction to the clients.

We Provide services are:

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

 

 

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

 

 

 

 

 

Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants
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Document Check List For Incorporating PVT/Public company-Khanna & Associates LLP


KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals.List of Document /KYC  Require  for incorporating PVT

Information required for your Director’s Identification Number
Heads Director 1 Director 2 Director 3
Name
Father’s Name
Mother’s Name (With Maiden Name)
Mobile Number
Email ID
Nationality
Date of Birth
Place of Birth
Current Occupation
Educational Qualification
PAN Card (Singed copy)

 

  • What all the documents / information is required from the Promoters/Subcribers?

 

S. No. IDENTITY PROOFS

 

(Director name)

 

(Director name)

(Any one of the Identity proof is must)
(a) Driving License
(b) Aadhar card
(c) Passport
(d) Voter ID
S. No. RESIDENCE PROOFS

(Should be less than 2 months old)

(Director name)

 

(Director name)

(a) Mobile Bill
(b) Telephone Bill
(c) Bank Statement
(d) Electricity bill
(e) Duration of Stay
(f) If the above duration is less than 1 year, old address please
  • Are you a Director / Promoter of any other Company?

 

 

 

ENTER THE NAME OF THE COMPANIES FOR WHICH YOU ARE ASSOCIATED WITH: (Separately for each Promoter, Please tick at the relevant column)

 

 

S. No.

ENTER THE NAME COMPANIES:

 

ENTER THE NAME OF THE PROMOTER:

 

ENTER THE NAME OF THE PROMOTER:

 

    Director Promoter % of holding Director Promoter % of holding
               

 

  • What will be the Capital Investment, and how many shares will you have?

 

 

Recommended Answer: Please enters. 100,000. For the number of shares, enter 10,000 shares. You can have even 1 lakh shares, but 10,000 shares are recommended

Tip: You need not have Rs. 100,000 in the bank when you start. You can start a Company with a bank balance of just Rs. 5000!

 

 

ENTER THE AMOUNT HERE: (Recommended: Rs. 1 lakh)

 

ENTER THE NUMBER OF SHARES HERE: (Recommended: 10000 shares)

 

 

 

 

 

  • Where will the registered office of the business be?

 

Tip: Your Registered office can also be in a Residential Complex. It does not need to be in a commercial space. To start your Company, you can even use your house as the registered office address

 

ENTER THE OFFICE ADDRESS HERE:

 

 

  • What proofs are required for the registered office of the business?

 

S. No.

Own property

Rented Property

1. No objection from the Owner No objection from the Owner
2. Registered Sale Deed Notarised Rental Agreement

Tip:

(a)    If it is in the language of other than English, please get it translated and notarized

(b)   The Company should not be the party, as it is not yet formed

3. Any one of Latest Utility Bill (less the 2 months old) Any one of Latest Utility Bill (less the 2 months old)
Telephone Bill Telephone Bill
Gas Bill Gas Bill
Electricity Bill Electricity Bill
Mobile Bill Mobile Bill
4 ———– Latest Rental Receipt

 

 

 

 

 

  • Suggest 6names for your business so that we can check and submit only one name out of six names.

 

 

Tip: We have attached a simple Presentation to help you. You will find all the answers there! It is really simple to choose a Company Name once you follow our presentation.

ENTER NAME 1(Compulsory)

ENTER NAME 2: (Compulsory)

ENTER NAME 3: (Optional)

ENTER NAME 4: (Optional)

ENTER NAME 5: (Optional)

ENTER NAME 6: (Optional)

 

 

  • Significance:

 

Why are you choosing this name?

 

Tip: Enter this in not more than 2 lines. For example: We have chosen the name “Nipurah” because it is a combination of “Nipun” and “Rahul ”, the names of our two directors.

 

 

ENTER THE REASON FOR CHOOSING THE NAME HERE IN 2 LINES: (Separately for each name)

 

 

 

 

v What is the main object of your business?

 

 

If activity of the company is different from all the options provided, please enter the main objects in two lines.

For example, if you have entered your name as “Nipurah SOFTWARE SOLUTIONS PVT. LTD.” and you build mobile applications, you can say:

“Our business is building software applications and technology applications for computers, mobile phones and other devices”

 

 

ENTER THE MAIN BUSINESS ACTIVITY HERE IN 2 LINES:

 

 

v Other Detail & Document Require :-

  • Type of Company (Private & Public)
  • Authorized Capital & Subscribed Capital

Present Address & Permanent Address of Subscribers;-

 

  • Personal Detail of all Subscribers/Promoters/Directors :-
  • 4 Color Photograph
  • Date of Birth (DOB)
  • Place of Birth (for all)
  • Parents full name (Mother- Father both)
  • Mother’s Maiden Name
  • Educational Qualification Certificate
  • Email address
  • Mobile number
  • Place of birth

Tenure of residence at  present address

Points to be noted:

  • Apostille is required only for the countries which are not listed in the commonwealth
  • **In case Apostille is not available in your country, then the documents can be attested from
  • Indian Embassy.
  • Please make sure that all the documents are in English Language. In case if the documents
  • are in the local languages, then the translation is mandatory.
  • In case of any Foreign Investments, RBI regulations are mandatory after the Company
  • registration is completed.
  • Notary and Apostille is not required for Indian nationals residing in India.
  • The Registrar of Companies may ask for more additional documents in case if the submitted
  • documents are not fulfilling.

Please feel free to talk with us at +9461620007 for any doubts or clarifications regarding the

documentation process for registering your Company.

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  to ensures  total satisfaction to the clients.

We Provide services are:

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

Contact Us:

Email: nipun@khannaandassociates.com

Mobile: 9461620007

City: Jaipur

Address: Jaipur , Rajasthan

 

Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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