Immigration Laws and Policies in India

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Immigration Laws And Policies In India

By Athulya (https://vakilsearch.com/advice/author/athulya/) - January 2, 2019 Last Updated at: November 04, 2019
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India.jpg)
Immigration laws & policies in India
Things that every Indian immigrant needs to keep in check
As globalization took place, people started migrating in large numbers for better economic,
political and social stability. India is a country of mixed races and culture, o ers a variety of
attractions for immigrants from other countries. Immigration basically refers to the
(https://chatbot.hellotars.com/conv/VyHIR8/)
movement of people from one country to another for the purpose of long-term settlement.
The main challenge for immigrants, however, is to acquire citizenship of the host country and
avail the fundamental rights to the country they have migrated to. These issues are usually
addressed by speci cally formulated laws and policies for immigrants that lay out the
process and restrictions for getting the citizenship. But as far as the Indian subcontinent is
concerned, the immigration laws are governed by the provisions of the Constitution of India.
Articles 5 to 11 in Part-II of the Constitution deals with citizenship and it de nes a citizen as a
person of Indian domicile or someone with an Indian lineage in the family. Article 10 deals
with the continuance of foreigners as Indian citizens, subject to any laws enacted thereafter
by the legislature. The Indian constitution only recognizes single citizenship throughout the
country and does not support dual citizenship. It also declares that a foreign citizen can
acquire Indian citizenship through the process of Naturalization (ordinarily residing in India
for 14 years) and registration of foreigners with the FRRO (Foreigners Regional Registration
O cer) or FRO (Foreigners Registration O cer). The Indian law follows jus
sanguinis (citizenship by blood) as opposed to jus soli (citizenship by birth).
Rules and regulations for immigrants (https://vakilsearch.com/family-immigration)
There are certain acts that have been passed to regularize the process of availing citizenship
by foreigners, such as:
1. The Passport (Entry in India) Act, 1920 – Under this act, the foreigners entering India are
required to get visa from India Missions. The act also prescribes speci c documents for
submission during their valid travel for allowing into the country.
2. The Foreigners Act, 1946 – This act regulates the entry and the residence of the foreigners
within the Indian borders until their departure from the country.
3. The Registration of Foreigners Act, 1939 and The Registration of Foreigners Rules, 1992 – It
mandates that certain foreigners who stay past their speci ed visa period must register with
the Registration O cer.
GET LEGAL ADVICE FROM EXPERTS

(HTTPS://VAKILSEARCH.COM/CORPORATE-IMMIGRATION?
UTM_SOURCE=BLOG&UTM_MEDIUM=BLOG)
Indian Visa
All foreign visitors require a visa for their legal entry into the Indian borders. This is however
not applicable to citizens of Nepal and Bhutan. The visas provide speci c period of stay not
exceeding 180 days (6 months) within the country. However, if a visa for an extended period
(more than 180 days) of stay is required, the applicant must register themselves with the
FRRO or FRO.
The Indian government provides various types of visas such as Business visas, Employment
visas, Intern visas, Transit visas, Student visas, Film visas, etc., all of which can be applied as a
traditional visa or an E-visa. Besides, there are restricted areas within India which require a
special entry permit apart from the above-mentioned valid visas known as Protected Area
Permit (PAP), that grants visitors the permit to enter the restricted zones. This permit must be
applied as an addition to the standard mandatory visa.
Foreigners registration in India:
1. Foreigners (except from Pakistan and Afghanistan) visiting for a long term (more than 180
days) on student visa, employment visa, research visa and medical visa are required to get
themselves registered with the Indian Missions/FRRO/FRO within 14 days of arrival. This
process has its restrictions laid for certain types of nationals.
2. Foreigners entering India on any visa other than the above-mentioned types, do not have
to register themselves unless they intend on staying in India for more than 180 days. In such
cases, the registration must be done well before the expiry of the 6 months period.
3. Foreigners above the age of 16 are required to report in person or through an authorized
representative to the appropriate Registration O cer for registration. Minors below 16 years
of age are not required to register.
4. Foreigners visiting on Entry(X) visa; i.e. dependent visa and Business visas, who intend to
stay over a period of 180 days are required to register themselves as well.
5. Visitors on journalist visas and other visas without any speci ed endorsements are
required to register themselves with the FRROS/FRO. All Indian Missions will stamp the visas
applied for registration.
Recent amendments
The government of India has come up with many signi cant changes to the Indian
Immigration (https://vakilsearch.com/corporate-immigration) Law such as:
1. Any visitor on an employment visa has the liberty(https://chatbot.hellotars.com/conv/VyHIR8/)

to change his/her employer once they have
arrived in India by applying to the Ministry of Home A airs.
2. A dependent visa or a (X) visa can be converted into an employment visa considering the
eligibility of the X visa holder and employment status of the spouse.
3. The PIO (People of Indian Origin) and OCI (Overseas Citizen of India) cards are merged as of the
ordinance passed on January 9th, 2015.
Limited Liability Partnership Act: O ences
And Penalties
(Https://Vakilsearch.Com/Advice/Limited-
Liability-Partnership-Llp-Act-O ences-And-
Penalties/)
By Dhivya Krishna (https://vakilsearch.com/advice/author/dhivya/) - January 23, 2020
()
Introduction:
More than 7,200 start-ups came up just in India in the year 2018. This big number is enough
to justify the reason for growing LLP companies and their registrations. Not just, even before
2018, there was an increase of 55% in the LLP registrations. A major number of start-ups
choose to go for Limited Liability Partnerships because of its bene ts for the small scale
businesses.
What exactly is LLP?
LLP stands for Limited Liability Partnership

(http://www.mca.gov.in/MinistryV2/natureo imitedliabilityparterneshipllp.html), which came
into action under the Limited Liability Partnership Act, 2008. As per the terms, LLP is basically
a partnership in which the partners who are involved have limited liabilities. The partners
have the freedom and exibility to organize themselves and their companies internally. One
of its major bene ts being that the Partners are not responsible for the actions and
misconduct of each other.
Features and Benefits of LLP:
There is no concept of Minimum Capital Contribution.

Partners and LLP are two separate things and even have separate entities legally.
The bene ts and features of LLP can be used by any start-up or organization without being
restricted just to a particular class of professionals.
The LLP can easily be formed and has low costs.
The partners of the company are not responsible for each other’s actions.
As compared to other types of companies and businesses, LLPs have limited and fewer
restrictions.
Disadvantages of LLP:
The only disadvantage is that money cannot be raised through LLPs.

Also, in the case of big and Pvt. Ltd. Companies, investors and bigger ventures partner with
them, but it does not happen in the case of LLP.
Difference between Limited Liability Partnerships, Traditional

Partnership Firm, and Company: (https://chatbot.hellotars.com/conv/VyHIR8/)
In the case of Limited Liability Partnership, there are no limits for the partners and the
partners are also not responsible for misconducts of each other. The LLP has less number of
regulations and restrictions.
While in the case of Traditional Partnership, the partners are completely responsible for each
other’s acts. And, in the case of companies, there are a lot of rules and regulations which
have to be followed completely by all the members. As such, the LLP is becoming a better
option for the ones who are new in the eld and business.
Penalties under the LLP Act:
As simple as the LLP act seems, there are still some cases where the Individuals and the
organizations if found guilty of misusing and disregarding the rules of the LLP Act, will be
liable for Punishments and ne.
Some of the O ences under the LLP Act can be:
Not keeping up to the rules and agreements made under this act.
Using the words ‘LLP’ or ‘Limited Liability Partnership’ in improper ways.
Punishable in the case of the Contravention of designated partners, Liabilities of Designated
Partners and changing the names of the designated partners.
Any person found guilty of the above-mentioned or others will be punishable under Section
74 of General penalties made under the LLP Act, 2008.
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REGISTRATION-INDIA?UTM_SOURCE=BLOG&UTM_MEDIUM=BLOG)
Under Section 74, General Penalties have been made and described for the LLP Act, not
having any speci c o ences in general. The individual found guilty under this Act shall be
liable to a ne of minimum Rs. 10,000 extending up to a sum of Five Lacs, depending on the
o ence and punishment. In case the defaults are continued, 50 rupees will be charged each
day thereafter. As such, the Penalties so introduced under Section 74 of the LLP Act are
monetary and nothing more.
If any false documents in the name of company or individuals are submitted, including return
statement, incorporation of the company, knowingly the individual may be liable and guilty
for the following punishments:
Imprisonment of up to two years.
A ne that may extend up to ve lacs and a minimum of one lakh.
All of the o ences will be compounded by the Registrar. All the applications of the o ence
will be compounded and submitted in Form-31.
As such, there are no major o ences or punishments involved under the Limited Liability
Partnership, which can easily be incorporated by following certain conditions and you are
good to go for your business and get it growing.
Conclusion:
India ranks 3rd in the world in case of start-up growth, and more than 50% growth in the
industry, it is the Golden Time for all the new businesses and companies to ourish and set
their feet into the competition.
Also, with the introduction of the Limited Liability Partnership Act, 2008, it has become even
easier for all the young minds to get started on what they’ve dreamed of, without worrying
about ling taxes, audits and minimum amounts to get their business registered and
running. All one needs is the will!
FAQs
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LLP Into A Private Limited Company: All

You Need To Know
(Https://Vakilsearch.Com/Advice/Llp-Into-
A-Private-Limited-Company-All-You-Need-
To-Know/)
()
Running a business nowadays is not just limited to a region or country, but is being
presented in the Global Market. Indeed, the trade barriers are being removed and the
businesses and companies are becoming uni ed, growing, and expanding worldwide.
Limited Liability Partnership (LLP):
Under the LLP Act, 2008, a Limited Liability Partnership was introduced. The registrations for
LLP in India began in the year 2010, and according (https://chatbot.hellotars.com/conv/VyHIR8/)
to the statistics, the registrations for LLP
increased by over 55% in the nancial year 2014-15, while registrations decreased for the
Private Limited Companies.
Many businesses and companies registered under the LLP are now willing to convert into a
Private Limited Company due to the growth in their business and also due to the bene ts of
Pvt. Ltd. Companies.
The LLP can be converted into the Pvt. Ltd. Companies under provisions made in Section 366
of Companies Act, 2013 and also Companies Rules, 2014.
Converting Limited Liability Partnership into Private Limited

Companies:
There are certain conditions and requirements that need to be satis ed in order to convert
LLP to Pvt. Ltd. Companies. These are as follows:
The LLP must have a minimum of 7 partners.

All the partners must approve for converting the company or rm.
The advertisement needs to be done in local and national newspapers.
The ROC where the LLP is registered must provide a no-objection certi cate (NOC).
Once all the above-mentioned requirements are satis ed, the incorporation process comes
into action. The incorporation process is as follows:
Approval of name has to be obtained from the ROC (Registrar of Companies) by submitting an
application online. In order to apply for the name, one needs to choose from the items
mentioned in INC Form-1. Once accepted, the name has a validity of 60 days.
The Digital Signature Certi cate (DSC) and the Digital Identi cation Number (DIN) must be
obtained for all the 7 members of the company.
To obtain the DIN, the application has to be led on the portal of the Ministry of Corporate
A airs (MCA (http://www.mca.gov.in/)).
The application is processed and further approved by the MCA ( Ministry of Corporate
A airs).
All the documents must be submitted according to the requirements.
Filing Form No. URC-1:
Once the name gets approved from the Registrar of Companies, one needs to le in Form-
1 along with the following documents:
The details of all the members, namely, address, name, DIN, passport number, etc.
The list of the rst directors of the company along with their details as well.
An a davit from all the First Directors stating that they are not banned to be the director
under Section-164. All the documents so led must be complete, correct and the information
provided must be true.
A list that includes the names and addresses of all the partners under LLP, along with a copy
of the LLP.
A statement that indicates the following:
The number of shares of the company and the ratio into which they are divided.
Number of shares that are taken and the amount involved in every share.
The name of the rm has to be provided along with the addition of limited or Pvt. Ltd.
A no-objection certi cate from all creditors.

The statement of accounts of the company and copy of the newspaper advertisement.
Memorandum of Association and Articles of Association:
Once the name is approved and the form-1 is sanctioned from the ROC, Memorandum of
Association (MoA) and Articles of Association (AoA) are to be formulated.
Once all the above steps are completed, the Liability Limited Partnership can be converted to
a Private Limited Company.
Which is Better? LLP or Private Limited Company?
LLP is the preferred option in the case of small businesses and companies whose turnover is
less than Rs.40 lacs annually and also the capital contribution is below Rs. 25 lacs. LLP that
satis es these conditions do not need any annual audits. Whereas, in the case of Private
Limited Companies, the audit of the nancial statements has to be submitted irrespective of
the turnover of the company.
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As such, in the case of small and growing businesses, the LLP has an upper edge over the
Private Limited Companies. But, if the turnover is more than 40 lacs annually, Pvt. Ltd.
Companies are preferred and are better because:
The LLP only has the concept of partners and not shareholders, as such, all the owners are the
partners. However, this concept does not attract the Venture Capitalists and the Investors,
making LLP a big no for major companies involved in the long term growth.
Conclusion:
It is solely the choice of the individuals or partners in the business and also, the growth and
turnover of the business by which one can decide whether it is good for LLP or Private
Limited Company.
FAQs
No FAQs found
LLP Agreement: A Pact Of Rights And

Duties
(Https://Vakilsearch.Com/Advice/Llp-
Agreement-A-Pact-Of-Rights-And-Duties/)
By Priyanka (https://vakilsearch.com/advice/author/priyanka/) - January 22, 2020
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/LLP-agreement_-A-pact-of-
rights-and-duties.jpg)
Introduction:
Under a Limited Liability Partnership (LLP), two or more partners form a special partnership
and have limited liabilities. It is registered as per the compliance and regulatory guidelines of
the Ministry of Corporate A airs (MCA).
Things do not always work out between the partners of a company, or else there are times
when the company is in either un pro t or loss. Due to some of the reasons the changes
have to be made in an LLP.
Reasons for changing an LLP Agreement:

1. Changes in the Business Activities
2. The Contribution of Capital is changed by partners in LLP
3. Adding Capital
4. Reducing Capital
5. Changing the ratio of capital contribution
6. The Management Structure of Capital is changed
7. The changing of terms and conditions for addition, resignation, expulsion or the retirement of
the partner involved in LLP.
8. The rights and liabilities are modi ed in LLP.
9. Addition or reduction of the clause in LLP.
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Steps for making Amendments in LLP:
Before the registration and form lling process, some of the steps which need to be taken
are as follows:
1. The rst step involves a meeting of the partners and taking consent of each one involved for the
LLP. It is done by passing a resolution for the partners.
2. To ful l the requirement of the appointment along with ling with the MCA, the authorization is
provided to one of the partners.
3. After carrying out the above two steps, the execution of the LLP agreement is further done by
the payment of stamp duty.
The requirement of Stamp Duty
The supplementary deed and LLP agreement validity
The Signature needs to be done by the partners
The attestation has to be done by at least two witnesses.
Once the above-mentioned steps are completed successfully, the further steps to change the
LLP Agreement are very easy to be completed.
The steps are as follows:
Step 1: Passing a resolution needs to be done for revising the LLP Agreement.
Step 2: Once the resolution is passed, within 30 days, form-3 has to be led with the
Registrar.
The details to be filled in Form-3 are:

Modi cation date of the LLP agreement
The reason in whose accounts the changes have to be made:
Changing the business
Changing partners
The change in the ratio of pro t/loss between the partners
Changing the other important details including:
The duties and rights of the company/ partners.
Restricting the authority of partner(s).
Changing the management or the administration of the partners or altering the procedure
of conducting meetings.
Indemnity Clause details.
Changing several details that are related to partners and are as follows:
Retirement
Expulsion
Termination
Resignation
Admission
Resolving the disputes between:
Partners
Partners and the LLP
Other clauses that are related to LLP
The business activity details after the amendments are done.

As per NIC-2004, the main division of the industrial activities.
Details regarding the shares (both pro t/loss) of the partners after the amendment.
Documents to be filed with Form-3:
The LLP before amendments

The LLP after amendments is done.
Other relevant and important documents.
Step 3: In case the changing of the designated partner is to be done, Form-4 also needs to be
led along with Form-3.
In case of changing the details like address, name, designation, and others, Form-4 needs to
be led.

Document with the consent of the partner
The proof of termination.
The proof for changing the name or an a davit for the same.
In case, the designated partner is a company, a resolution has to be given by the company in
order to become a partner with LLP.
An authorization letter also needs to be submitted mentioning the name and address of the
person who is nominated as the representative/partner.
The changes made in the LLP agreement

(http://www.mca.gov.in/MinistryV2/llpagreement.html) are only applied and completed once
they are approved by the Ministry of Corporate A airs (MCA).
The LLP agreement can be downloaded from the website of the Ministry of Corporate A airs
(MCA). The e-form can be downloaded, lled and further be submitted or else it can also
directly be lled online by using the digital signature certi cate method.
In the case of o ine lling, the scanned document can directly be uploaded on the portal.
Conclusion:
Once the LLP Agreement is submitted and completed, further alterations and updates can be
done any time after the online upload is completed.
Considering the dynamic and forever changing nature of the business industry and the
companies, the changes in the Agreement can be made anytime by the company/individuals
and thereafter, it is also an easy process.
The LLP Agreement comes under the Limited Liability Partnership Act, 2008.
FAQs
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Limited Liability Partnership (LLP):
Advantageous Or Not?
(Https://Vakilsearch.Com/Advice/Limited-
Liability-Partnerships-Llp-Advantageous-
Or-Not/)
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Advantageous-Or-Not_.jpg)
Introduction
Between the year 2014-15, the LLP grew by a whopping 81%, along with over 85,000
registered LLPs by 2017. Not just this, around 2,043 of the private limited and other
companies shifted to LLPs, making it around 9% of the total. This shift was made considering
the bene ts and hassle-free processes involved in their incorporation. There were over 90%
fresh entities since the introduction of the act.
These digits and facts are enough to supplement the success rate of the Limited Liability
Partnership which has an edge over the other companies.
Limited Liability Partnership

As the name suggests, Limited Liability Partnership
(http://www.mca.gov.in/MinistryV2/llpact.html) is a good and well-mixed combination of the
bene ts Limited Liability along with the exibility of being in a partnership. It acts as an
alternative to corporate businesses and Private Limited Companies.
REGISTER FOR YOUR LLP NOW (HTTPS://VAKILSEARCH.COM/LLP-

REGISTRATION-INDIA?UTM_SOURCE=BLOG&UTM_MEDIUM=BLOG)
Benefits of Limited Liability Partnership
The Limited Liability Partnership has surely plenty of bene ts to its name due to which the
startups and other businesses are getting involved in it. This is due to its bene ts that are as
follows:
1. Convenient:
From the registration to incorporation and further carrying out its legal procedures,
everything so involved is hassle-free and convenient, making the management easy. It
does not have any major legal obligations.
2. No minimum capital required:
Planning to start a business or startup? But, worried about lots of investments that need
to be done just for the legal processes. Well, LLP is the sure-shot solution for all of it.
Under the LLP Act, the business can be registered and started without any requirements
of the investments. Whereas, in the case of Private or other Public companies, the
minimum investment has to be Rs.1,00,000 and can extend up to Rs.5,00,000.
3. No restrictions on the number of partners in the business:
There must be a minimum of 2 partners in an LLP, while there is no upper limit to it. While
in the case of a private company, the upper limit is 200 members only.
4. Cost of Registration:
The cost of registration is very low or negligible compared to private and other companies.
5. Audits:
There is no compulsion on the ling and submission of monthly or yearly audits,

compared to the private and other companies, irrespective of their shares or turnovers
where the audits need to be led regularly.
6. The LLPs need to le audits only in the case when the annual turnover is over 40 lacs or the total
contributions are over 25 lacs.
7. Dividend Distribution Tax (DDT):
The DDT Tax is not applicable in the case of LLPs, while the other private companies have
to pay a tax of 15% at the time of withdrawals along with other charges that are applicable
according to the company and government policies.
8. Liabilities of Partners: (https://chatbot.hellotars.com/conv/VyHIR8/)
The partners involved in the company or business are not liable for each other’s
misconduct or o ences. The company and the partners are legally separate.
9. Transferable Ownership:
The partner can leave the company anytime and the ownership can be transferred easily
according to the agreements of the LLP policy.
10. Separate Properties:
The LLP can own their properties separately without having the involvement of the
company or any legal matters. They will solely own the property of the individual.
11. Separate Entity:
The LLP will exist as a separate part having no role in the individual’s personal life, neither
legally nor professionally.
Every coin has two sides. And, so every act also has its own pros and cons.
Disadvantages of Limited Liability Partnership
Some of the disadvantages of LLP are as follows:
The penalty in case of non-compliance: In case the individual fails to le Form-8, the penalty
applicable is quite high, being equal to Rs.100 per day.
Equity Investment: Due to the policy of all the members being the partners, a lot of investors
and venture capitalists do not invest in LLPs.
As such, considering the pros and cons of the LLPs, one can choose which sort of company
suits best for their business and can opt according to their requirements.
How to register an LLP Company online in India
You can operate your business under a Limited Liability Partnership in India online.
Vakilsearch holds immense knowledge and expertise in LLP registration and help you in the
following ways-
1. Reserving LLP name – We help you pick the right name for your company/brand.
2. DSCs – We help you get the 2 DSC with 2 years validity.
3. LLP Agreement – Finally, we draft, execute, and le the LLP Agreement (along with PAN & TAN)
with utmost care.

FAQs
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How To Check, Update Aadhaar Card Status

Online & Status Enquiry?
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Check-Update-Aadhaar-Card-Status-Online-
Status-Enquiry/)
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Card-status-online-status-enquiry.jpg)
How to check Aadhaar card status online with your enrolment ID?
Well….. you want the answer and we will tell you how. Today, Aadhaar is recognized as an
important identity document and is widely used for opening a bank account, while travelling
on trains & ights and applying for a passport etc. If you have also applied for an Aadhar
card, and unsure about how to get the status. Read(https://chatbot.hellotars.com/conv/VyHIR8/)
more.
How to Check Aadhaar Card Status by Enrolment Number

While applying for an Aadhaar Card, you have received the acknowledgement slip. This slip
contains the Enrolment ID/Number.
Step 1:
Visit the online portal of the UIDAI. You would not be charged any fees for this. Click on this
link to go to the UIDAI’s website (https://uidai.gov.in/)
Step 2:
Go to the Aadhaar Online Service Tab and under the Aadhaar Enrolment section, you need to
click on ‘Check Aadhaar Status’ option. Or else, you can click on this link
(https://resident.uidai.gov.in/check-aadhaar-status)
Step 3:
Proceed by entering your enrolment number, security code and click on “Check Status.”
Step 4:
If the Aadhaar card is generated, then you will get a message related to the same, and you
can download the e-Aadhaar card or get it on your registered mobile number
Step 5:
If you wish to download Aadhaar card, then you need to click on the Download Aadhaar card
option, and if you want it on your mobile number, then you can choose to Get Aadhaar on
your mobile option
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Checking Aadhaar Status without Enrolment Number
In case you don’t have your enrolment number with you, then also there is a provision for
checking the Aadhaar card status:
Step 1:
For this, you need to click on this link (https://resident.uidai.gov.in/lost-uideid) to recover your
enrolment number
Step 2:
Now choose UID or EID option to get the details
Step 3:
Enter your name, email ID, mobile number and security code to send OTP to your mobile
number registered while lling the form of Aadhaar card
Step 4:
Enter the OTP in the available space and click on the tab that mentions about veri cation of
OTP
Step 5:
After veri cation, you will get the enrolment number on your email address and registered
mobile number
Step 6:
Now use this enrolment number to check the status of your Aadhaar status
Steps to Check Aadhaar Card Status through Mobile Number
You can easily check the Aadhaar status using your registered mobile number. Here are the
steps that you need to follow:
Step 1: For this, you need to SMS “UID STATUS <14 digit enrolment number>” and send it to
51969. Make sure that you send this message using the registered mobile number.
If your Aadhaar card is generated, you will get the SMS mentioning the Aadhaar number on
your mobile number.
Aadhaar Status Update through India Post
Usually, the Aadhaar card is sent to the registered address of the applicant through post
within 60 to 90 days. These steps will help you track Aadhaar Card Status in the following
ways –
1. Visit the UIDAI o cial website (https://uidai.website/)

2. Go to ‘Check Aadhaar Status’ and select ‘My Aadhaar Tab’
1. After opening up the page, ll the Enrolment ID along with the Enrolment Id
2. Next, enter the security code and then click on ‘Check Status’
3. If you can see the status “Aadhaar Dispatched”, then give the tracking ID of the India Post Parcel.
Hint: Tracking ID of the India Post Parcel will be available under ‘Delivery Tracking Details’
6. Finally, go to India Post o cial website. There will be a ‘Track n Trace’ area. Fill the consignment
number and answer the security question. Click on ‘Track Now’
7. You will receive the shipment status of your Aadhaar Card
How to Update Aadhaar Card Details Online
As per the latest updates, all Aadhaar details cannot be updated online now. Only the
residential address can be updated online. In case you wish to update the name, father’s
name, date of birth or any other demographic or biometric details, you will have to visit a
nearby Permanent Aadhaar Centre or Aadhaar Update Centres. In order to update the
address in your Aadhaar card, you can follow the steps mentioned below:
Visit UIDAI’s Aadhaar portal (https://uidai.gov.in/)
In the “My Aadhaar” section, click on the “Update your address online” option under the “Update
Your Aadhaar” tab
If you have the address proof, you can update the Aadhaar online otherwise you can request for
the Aadhaar validation letter
In case you select the Address proof option, enter your Aadhaar details and send OTP to the
registered mobile number
You have to then ll the new address as mentioned in the address proof and submit the request
along with the valid address proof soft copy
Your application will be sent for veri cation and after proper scrutiny, the address will be
updated in your Aadhaar card
How to Check Aadhaar Card Online Address Update Status
You can also check whether the request for Address update in your Aadhaar card has been
updated or not. Follow these steps to do so:
Visit the UIDAI home portal

In the My Aadhaar section, click on the “Check Address Update Status” option in the “Aadhaar
Card Update” tab
Enter the Aadhaar number in the space provided

Now either enter the Update Request Number (URN) or Service Request Number (SRN) and
enter the CAPTCHA code
Now click on the Check status button
The update status will be displayed on the screen
If your address in the Aadhaar card has been updated, you can either apply for a reprint of
the Aadhaar card or download the updated e-Aadhaar and print it for future reference.

FAQs
No FAQs found
Niryat Bandhu Scheme: A Learning

Gateway For Young Entrepreneurs
(Https://Vakilsearch.Com/Advice/Niryat-
Bandhu-Scheme-A-Learning-Gateway-For-
Young-Entrepreneurs/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/Niryat-Bandhu-Scheme-for-
new-and-growing-exporters.jpg)
Introduction:
With the business, e-commerce and marketing industries growing massively each day, and
the younger generation being in uenced by entrepreneurship, they need to have the correct
skillsets
Starting something new but do not have the appropriate skills to execute your ideas
practically and get them running? Well, that is what the Niryat Bandhu Scheme is for. Niryat
Bandhu Scheme not only guides and provides the young ones with the necessary skills but
also helps in the growth of the International Business, allowing the Nation to have a place in
the import/export entrepreneurial industry.
On the 13th of November, 2011, the government announced the Niryat Bandhu Scheme to
guide the entrepreneurs of rst-generation. While starting the International business, the
rst and foremost point is the DGFT (Directorate General of Foreign Trade) in the
Government of India. The very step that needs to be taken in the Niryat Bandhu Scheme is
the Importer Exporter Code (IEC).
According to the statistics, the DGFT issues about 60,000 IEC’s every year. Not just this,
several IEC’s approach the DGFT to take advantage of the bene ts provided under the
Foreign Trade Policy.
GET FREE LEGAL ADVICE NOW (HTTPS://VAKILSEARCH.COM/)
A number of Directorates have had the experience that a lot of freshers in the industry have
an idea but not the right skills to enter this arena and have a command over it. This is where
the role of the Niryat Bandhu Scheme comes into play. Under this scheme, the young
entrepreneurs are trained and provided with the necessary skills, mechanism, and
knowledge regarding the schemes of the Government and how to turn their ideas into
actions. Individuals can also be a part of the Export Promotion Councils which provide
information only to their members. In order to be a member annual/participation fee has to
be given.
BEST-DGFT( Business Excellence Support Team):
There are 36 eld o ces of the DGFT located all across the country. The eld o ces are also
called Regional Authority (RA) and these do their functions according to the FTP (Foreign
Trade Policy). Under the scheme, several procedures are to be carried out on a daily basis. To
develop a team in RA, all the eld o cers and team members work closely to form the team
which is called BEST.
The Business Education team and the support team must consist of at least 4 o cials from
the DGFT.
Click here (http://bit.ly/NiryatBandhu) to know more on the Niryat Bandhu scheme

(http://bit.ly/NiryatBandhu) (2014).
Components of the Scheme:
The material is prepared and developed in order to help and make the beginners understand
the di erent procedures involved in international trade and also gain information about the
same. The text can be made available in several languages and can be downloaded from the
website by the RA’s.
In every Regional Authority, one training session is conducted each month for all the new
entrepreneurs or IEC holders. The participation for the session will be open to all, and there is
no requirement of any particular registrations. Such sessions will be conducted on any xed day
and the session would involve explanation through PowerPoint presentations and live
discussions.
These sessions and seminars can be conducted at the town of export excellence. The venue can
also vary depending on the group of exporters on speci c requests.
Not just at some speci c places, these seminars can also be held at schools and universities as
well. This will allow the students to gain knowledge about business and commerce, creating
awareness in them.
While conducting the seminars and sessions, the DGFT-BEST will be able to recognize the
individuals having the potential in this eld and hence, can be provided with further support.
Maximum support of Rs. 10,000/- can be provided to an individual.
Every Regional Authority has to build up BEST and equip themselves well-enough with all
equipment for the seminar including laptop, projector, screen, etc.
This Niryat Bandhu Scheme will be implemented in the 12th Five Year Plan. A proper plan has
been developed for four years. The total cost of this Niryat Bandhu Scheme is 23.23 crores.
Certification Programme:
“Online Certi cation Programme for Export Business” was introduced in the year 2015 along
with IIFT (Foreign Trade) for all new and budding entrepreneurs. Under this program, 20 live
sessions are held, each being of a duration of 2 hours and can be attended by all the
registered participants. The maximum number of participants that can register every month
is 60.
Conclusion:
The Niryat Bandhu Scheme is a great opportunity being provided by the government to all
the budding and new generation entrepreneurs, helping them explore their skills and
potential to the level best. Not just this, this scheme also provides their appropriate
knowledge about growing their business and being successful entrepreneurs.
FAQs
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How To Open An SSY Account With State

Bank Of India?
Open-An-Ssy-Account-With-State-Bank-Of-
India/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/How-to-open-an-SSY-account-
with-State-Bank-of-India_.jpg)
Amongst the many initiatives taken by the Government of India, the SSY or Sukanya
Samriddhi Yojana is one of the most praised schemes. It is a small savings scheme which has
been designed especially for the girl child. As per the SSY scheme, parents or legal guardian
of a girl child can open the SSY account in the bank and keep on depositing the money till the
girl turns 10 years. It is a part of the “Beti Bachao – Beti Padhao” initiative of the Government
of India. Besides, people can open the SSY account(https://chatbot.hellotars.com/conv/VyHIR8/)
in post o ces and some designated
banks. This scheme also o ers tax bene ts by ensuring deductions under Section 80C for up
to Rs 1.5 lakh along with a higher interest rate. Let us highlight the Sukanya Samriddhi Yojana
in SBI.
Who can open the SBI Sukanya Samriddhi Yojana Account?
A parent or legal guardian of a girl child can open the SSY account. The account can be
opened in the name of the girl child from the DOB till the time she attains the age of 10
years. Natural or legal guardians can open two accounts for two girls. One can also open a
third account in case of the birth of twin girls.
What are the key features of the Sukanya Samriddhi Yojana of SBI?
SBI is one of the listed 28 banks by RBI, which has the provision of the opening of the SSY
account. Some of the notable features of Sukanya Samriddhi Yojana in SBI Bank are:
The interest rate o ered on Sukanya Samriddhi Yojana in SBI is 8.4% yearly in 2019-20
One can start saving from Rs. 1000
The maximum amount that can be deposited in the account is Rs. 1.5 lakh (per Sukanya Yojana
in SBI).
One can deposit the amount online or o ine as suitable.
If the annual deposit is of Rs. 1.5 lakhs, then you will be eligible for tax bene ts under Section
80C.
If one wants, then he/she can keep on depositing the amount in the SSY account till the
completion of 15 years starting from the date of opening of the account.
After the maturing of an account, which is of 21 years, the girl child will get the amount and the
interest.
To get this amount, one needs to submit ID proof, address proof, and citizenship documents.
How to open a Sukanya Samriddhi Yojana in SBI?
With SBI, you can easily open the SSY account. The following steps will help you with the
same:
You need to have all the documents like –
Birth certi cate of the girl child (https://chatbot.hellotars.com/conv/VyHIR8/)
Photo ID of the parent or legal guardian of the girl child

Address Proof
Photograph of parent and child
Address proof of the parent or legal guardian
1. Once you have all the documents, you need to ll the SSY form
2. Submit all the documents mentioned above along with a photograph
3. Deposit Rs. 1000 cash (minimum amount, it can be up to a maximum of Rs. 1.5 lakh)
4. Once the account is open, you can make a cash deposit via cash, DD or cheque
Advantages of Sukanya Samriddhi Yojana Account
This special scheme was launched with an aim to initiate the savings and security of the girl
child. It will give nancial aid to the girl and her parents or local guardian. There are other
bene ts of Sukanya Yojana SBI which are enumerated below:
1. Safety and security of the girl – One of the rst bene ts of the SSY scheme is that it gives a
substantial amount to the girl (under whose name the account is open) when she turns 18 or 21.
2. Good interest rate – The interest rate o ered by SBI is 8.4% per annum. After the maturity of
the scheme, the girl child will get the amount and interest.
3. Start with low deposit – You can start the Sukanya Samriddhi Yojana with a deposit as less as
Rs. 1000.
4. Easy to transfer – In case the depositor or the account holder changes the location, then the
account can be transferred to the authorized bank in the desired location with ease.
5. Tax bene t – One of the major bene ts of this scheme is that the funds are tax exempted as
per Section 80C. For the account holder, the maturity proceeds are tax-free.
6. Online opening of account – The best part of this scheme is that Sukanya Samriddhi Yojana SBI
online facility makes account opening hassle-free.
Sukanya Samriddhi Yojana is a great initiative and a way to start saving for the girl child. It will
empower her when she turns 21. The amount can be used by the girl for further studies or
setting up her business.
FAQs
1. Is this scheme available throughout India?
Yes, anyone can open the Sukanya Samridhhi Yojana account in all the states of India
provided the girl must be below 10 years in age.
2. Can loan facility be availed under SSY?

No, there is no loan facility provided under Sukanya Samriddhi Yojana.
3. Mention the number of years of the tenure of the deposit.
Tenure of the Deposit is 21 years from the date of opening of the account
4. What is the current rate of Interest on Sukanya Samriddhi Scheme?
Currently (Jan – Mar 2020), the rate of interest is 8.4%. It is adjustable and the government
reviews the interest rates quarterly.
5. When does the child get premature withdrawal?
Girl child gets premature withdrawal when she turns 18. The withdrawal amount is restricted
to 50%.
6. Is the account transferable in SBI?
The Sukanya Samriddhi account is freely transferable if you produce the valid address proof
of a new place (within India), otherwise a fee of Rs. 100 is applicable.
7. I don’t have an account with SBI. Can I still open an SSY account?
Of course, Yes! You can still open an SSY account even if you don’t have a standing account
with SBI provided you are a legal guardian to a girl child and the other eligibility criteria is
being met.
8. What is the minimum amount required for opening and an account?
You can open an account with a minimum amount of Rs.250.
9. What is the maturity period involved?
The maturity period of the scheme is 21 years.
FAQs
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How To Make Amendments To An LLP

Agreement? (https://chatbot.hellotars.com/conv/VyHIR8/)
Make-Amendments-To-An-Llp-Agreement/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/How-to-covert-an-LLP-entity-
into-a-Private-Limited-Company__1.jpg)
Under a Limited Liability Partnership
(http://www.mca.gov.in/MinistryV2/natureo imitedliabilityparterneshipllp.html) (LLP), two or
more partners form a special partnership and have limited liabilities. It is registered as per
the compliance and regulatory guidelines of the Ministry of Corporate A airs (MCA). It is a
document that governs the management, duties, and administration between the partners
involved in the Limited Liability Partnership. This document is registered with the Registrar of
Companies and after 30 days of incorporation, it is also registered with the MCA.
Things do not always work out between the partners of a company, or else there are times
when the company is in either pro t or loss. Due to some of the reasons the changes have to
be made in an LLP.
What are the types of changes that can be done in the LLP
Agreement?
Change the name and activity of LLP
Change the contribution, right and duties of the LLP
Do an Amendment in LLP Agreement
Change in registered address, pro t sharing ratio, contribution
Winding up/shut down/dissolved/defunctioning of LLP
Reasons for changing an LLP Agreement:

1. Changes in the Business Activities
2. The Contribution of Capital is changed by partners in LLP
Adding Capital
Reducing Capital
Changing the ratio of capital contribution
3. The Management Structure of Capital is changed

4. The changing of terms and conditions for addition, resignation, expulsion or the retirement of
the partner involved in LLP
5. The rights and liabilities are modi ed in LLP
6. Addition or reduction of the clause in LLP
Steps for making Amendments in LLP:
Before the registration and form lling process, some of the steps which need to be taken
are as follows:
1. The rst step involves a meeting of the partners and taking consent of each one involved for the
LLP. It is done by passing a resolution for the partners.
2. To ful l the requirement of the appointment along with ling with the MCA, the authorization is
provided to one of the partners.
3. After carrying out the above two steps, the execution of the LLP agreement is further done by
the payment of stamp duty.
4. The requirement of Stamp Duty
5. The supplementary deed and LLP agreement validity
6. The Signature needs to be done by the partners
7. The attestation has to be done by at least two witnesses.
Once the above-mentioned steps are completed successfully, the further steps to change the
LLP Agreement are very easy to be completed.
The steps are as follows:
Step 1: Passing a resolution needs to be done for revising the LLP Agreement.
Step 2: Once the resolution is passed, within 30 days, form-3 has to be led with the
Registrar.
REGISTER YOUR LLP COMPANY (HTTPS://VAKILSEARCH.COM/LLP-

REGISTRATION-INDIA)
The details to be filled in Form-3 are:
Modi cation date of the LLP agreement.
The reason in whose accounts the changes have to be made:
Changing the business

Changing partners
The change in the ratio of pro t/loss between the partners
Changing the other important details including:
The duties and rights of the company/ partners.

Restricting the authority of partner(s).
Changing the management or the administration of the partners or altering the procedure
of conducting meetings.
Indemnity Clause details.
Changing several details that are related to partners and are as follows:
Retirement
Expulsion
Termination
Resignation
Admission
Resolving the disputes between:
Partners
Partners and the LLP
Other clauses that are related to LLP
The business activity details after the amendments are done.

As per NIC-2004, the main division of the industrial activities.
Details regarding the shares (both pro t/loss) of the partners after the amendment.

The LLP before amendments
The LLP after amendments is done.
Other relevant and important documents.
Step 3:
In case the changing of the designated partner is to be done, Form-4 also needs to be led
along with Form-3. In case of changing the details like address, name, designation, and
others, Form-4 needs to be led.
Documents to be filed along with Form-4:

Document with the consent of the partner
The proof of termination.
The proof for changing the name or an a davit for the same.
In case, the designated partner is a company, a resolution has to be given by the company in
order to become a partner with LLP.
An authorization letter also needs to be submitted mentioning the name and address of the
person who is nominated as the representative/partner.
The changes made in the LLP agreement are only applied and completed once they are
approved by the Ministry of Corporate A airs (MCA).
The LLP agreement can be downloaded from the website of the Ministry of Corporate A airs
(MCA). The e-form can be downloaded, lled and further be submitted or else it can also
directly be lled online by using the digital signature certi cate method.
In the case of o ine lling, the scanned document can directly be uploaded on the portal.
Conclusion:
Once the LLP Agreement is submitted and completed, further alterations and updates can be
done any time after the online upload is completed. Considering the dynamic and forever
changing nature of the business industry and the companies, the changes in the Agreement
can be made anytime by the company/individuals and thereafter, it is also an easy process.
The LLP Agreement comes under the Limited Liability Partnership Act, 2008.
FAQs (https://chatbot.hellotars.com/conv/VyHIR8/)
No FAQs found
What Is ITR-5 Form? How To File Form ITR-5
On Income Tax Portal?
(Https://Vakilsearch.Com/Advice/What-Is-
Itr-5-Form/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/How-to- le-form-ITR-5-on-
Income-Tax-Portal_-copy-3.jpg)
Income Tax Return (ITR) is a form wherein the taxpayers are required to le in the
information about the income earned and the tax which needs to be paid to the Income Tax
Department. Depending on the Sources of Income, amount of income and the category to
which the taxpayer belongs, this form is divided into 7 types namely, ITR 1, ITR 2, ITR 3, ITR 4,
ITR 5, ITR 6 and ITR 7.
An individual has to mandatorily le an ITR if any of the following cases are applicable to
them:
Gross income varies between Rs.2.5 lacs to Rs.5 lacs.

Have more than one source of income.
If you want to get and income tax return claimed from the department.
Investment or earning has been made from Foreign Assets.
Application for Visa or Loan has to be done in the future.
If in any case, the taxpayer is a rm or a company.
ITR-5:
In the case of rms, LLPs, Association of Persons (AOPs), and Body of Individuals (BOI’s),
Arti cial Juridical Persons (AJP), Investment Funds, Business Trusts, etc. ITR-5 needs to be
led.
Eligibility of ITR Form 5:
This form is meant for a rm, LLP, AOP, BOI, etc. that are referred to in Section 2(31) (vii), the
estate of insolvent, local authority, business trust, and investment funds, cooperative societies,
and investment funds.
The Hindu Undivided Families and Individuals are not eligible to le in this form.
The individuals who have to le the income return under Section 139(4A), 139(4B), 139(4C) and
139(4D).
Download the ITR Form 5:
DOWNLOAD FORM ITR-5 (HTTP://BIT.LY/FORMITR5)
This form can only be lled online and no o ine lling options are available.
Once the lling of the form is done and submitted online with a digital signature, the
individual needs to print the acknowledgement form. This needs to be signed and sent to the
Income Tax O ce.
Dates for filing ITR Form 5:

The last date to le this form is August 31. Although the dates for ling income return is July
31, the dates might vary in other cases, especially in cases when individuals need to get their
accounts audited.
FILE YOUR INCOME TAX NOW (HTTPS://VAKILSEARCH.COM/INCOME-TAX-
RETURN-FILING-ONLINE)
Structure of ITR Form 5:
The ITR form 5 basically has two parts and a total of 36 schedules.
Part A:
General Information: The general details of the individual need to be lled like the name,
address, PAN details, etc.
BS: Under this section, the individual needs to provide the details regarding the balance sheets
of their rm or LLP.
P&L: The pro t and loss statements regarding the rm are input here.
OI: The other relevant information regarding the taxpayer has to be lled in here.
QD: The quantitative details regarding the manufacturing and trading accounts are input here.
Part B:
TI: Details regarding the total income are input here.

TTI: The computation of tax is done here. On the basis of the total income, the taxable income is
calculated.
Along with the following parts, there are a total of 31 schedules.
Schedule-HP: Computation of income under the head Income from House Property
Schedule-BP: Computation of income under the head “pro t and gains from business or
profession”
Schedule-DPM: Computation of depreciation on plant and machinery under the Income Tax Act
Schedule DOA: Computation of depreciation on other assets under the Income Tax Act
Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act
Schedule DCG: Computation of deemed capital gains on sale of depreciable assets
Schedule ESR: Deduction under section 35 (expenditure on scienti c research)
Schedule-CG: Computation of income under the head Capital gains.
Schedule-OS: Computation of income under the head Income from other sources.
Schedule-CYLA: Statement of income after set o of current year’s losses
Schedule-BFLA: Statement of income after set o of unabsorbed loss brought forward from
earlier years.
Schedule- CFL: Statement of losses to be carried forward to future years.
Schedule –UD: Unabsorbed Depreciation
Schedule ICDS: E ect of income computation disclosure standards on pro t
Schedule- 10AA: Computation of deduction under section 10AA
Schedule- 80G: Details of donation entitled for deduction under section 80G
Schedule- 80GGA: Details of donation for scienti c research or rural development
Schedule- RA: Details of donations to research associations etc.
Schedule- 80IA: Computation of deduction under section 80IA
Schedule- 80IB: Computation of deduction under section 80IB
Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
Schedule 80P: Deductions under section 80P
Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
Schedule –AMT: Computation of Alternate Minimum Tax payable under section 115JC
Schedule AMTC: Computation of tax credit under section 115JD
Schedule-SI: Statement of income which is chargeable to tax at special rates
Schedule IF: Information regarding partnership rms in which you are a partner
Schedule-EI: Statement of Income not included in total income (exempt incomes)
Schedule PTI: Pass-Through Income details from business trust or investment fund as per
section 115UA, 115UB
Schedule ESI: Details of Income from outside India and tax relief
Schedule TR: Details Summary of tax relief claimed for taxes paid outside India
Schedule FA: Details of Foreign Assets and Income from any source outside India
Schedule GST: Information regarding turnover/gross receipt reported for GST
Part B – TI: Computation of total income
Part B – TTI: Computation of tax liability on total income
Tax payments:
1. Details of payment of advance-tax and tax on self-assessment tax
2. Details of tax deducted at source on income other than salary (16A, 16B, 16C)
3. Details of collected at source
How to File ITR 5:
The ITR return form can be led in the following ways:
The return can be furnished electronically using a digital signature.

The data can be transmitted to the income return electronically, and then the veri cation must
be submitted using the return form ITR-V.
No annexures and documents have to be led while ling in the ITR 5 form. Any document so
attached will be returned to the taxpayers.
Filing out the Verification Document:
The veri cation must be signed before the return is furnished.
Any person who makes false statements while ling the return will be liable to prosecution
under section 277 of The Income Tax Act, 1961, along with being liable to imprisonment and
ne.
Conclusion:
As such, the ITR form 5 is not just necessary but mandatory for all the businesses and rms,
who have their accounts that are liable under Section 44AB of the IT act, along with being
furnished by a digital signature.
Filing the ITR helps the government have knowledge about the credentials and income of
taxpayers allowing the government to keep an account, and be in touch with the taxpayers
also.
These ITR return ling also serve as major sources of Income Proof.

FAQs
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All You Need To Know About Form MGT-7

(Https://Vakilsearch.Com/Advice/All-You-
Need-To-Know-About-Form-Mgt-7/)
By Athulya (https://vakilsearch.com/advice/author/athulya/) - January 21, 2020
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/All-you-need-to-know-about-
form-MGT-7.jpg)
Tax collection is the backbone of any economy as it gives the government the money to
spend on welfare projects and general law enforcement. Hence, the calculation,
enforcement, and collection of taxes is an important feature of any economy and
government. That is why the government has set up various organisations, ministries, and
groups to control and monitor the collection of taxes in the country. There are also various
compliance measures that have been put in place to ensure that no mishaps and corruption
take place. This time around we will be taking a look at one such measure. The Ministry of
Corporate A airs expects every company registered in India to annually le their returns and
also le Form MGT-7 as a prerequisite to it. Here’s a look at everything you need to know
about Form MGT-7.
What is Form MGT-7?

This electronic form must be led with the MCA by all corporates so as to le their IT return
details and it is maintained by the Registrar of Companies online. The form is maintained
online based on the various companies’ statement of correctness. All companies, whether
they be One Person, Listed, Unlisted, Personal, Private or Public must le their Form MGT-7
annually to le its annual return.
Penalty for non-filing and Due Date
The penalty for not complying with this measure has been recently hiked. As per the new
regulations, defaulters will have to pay INR 100 for every day they delay in ling the form. The
form must, therefore, be downloaded from the MCA portal, under their Annual e-forms tab,
lled and then submitted before the due date. The form must be led at least within 60 days
from the conclusion of the company’s Annual General Meeting. Since most companies must
hold their AGM by the 30th of September every year, the MGT-7 must be at the latest be led
by 29th November.
Purpose of Form MGT-7
Form MGT-7 contains the following details:
1. Company’s registered address

2. Company’s businesses, holdings, associate companies
3. Shares, securities, and debentures of the company
4. Company’s indebtedness
5. Details of members and debenture-holders/share-holders
6. Directors, Managers and any changes made regarding top positions
7. Meetings of the General Board and details regarding attendance and decisions are taken
8. Salaries of top personnel
9. O ences committed and penalties imposed on any top o cial
Documents Required
List of shareholders/equity holders/debenture holders/bondholder/investor
AGM extension order
Copy of MGT-8
Optional Attachment if required
MGT-7 Form Filing Fees
If there is no Nominal Share Capital – INR 200
If the nominal share capital is
Less than 1 lakh – INR 200
Between 1 lakh and 5 lakhs – INR 300
Also, between 5 lakhs and 25 lakhs – INR 400
Between 25 lakhs and 1 crore – INR 500
If the Nominal Share Capital exceeds 1 crore – INR 600
What is the procedure of Filing Form-MGT 7?

1. First and foremost, the form must be downloaded from the MCA Portal.
2. Next, the form must be lled carefully, and all the details it asks for must be provided.
3. Users can also avail of the pre- ll facility which auto- lls the form based on details that have
already been collected.
4. To ll additional details, make use of the instruction kit.
5. Next, upload the necessary documents and attachments as mentioned above.
6. Before submitting go through the form once again and check for errors.
7. Attach your digital signature to authorise the form, and then click Submit.
8. Upload the form and pay the required transaction fees.
9. Note down the SRN number which has been generated for future reference.

FAQs
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All You Need To Know About Form ADT-1

Need-To-Know-About-Form-Adt-1/)

Form-ADT-1.jpg)
In case, any company appoints an auditor to go through their account books, as per law, they
are required to notify the Registrar of Companies regarding the appointment. The New
Companies Act, 2013 makes it mandatory for every company to register the name and other
details of the auditor with the ROC as per Section 139 (1) via Form ADT-1. As per this Section,
the company must communicate all the details regarding the appointment as soon as
possible with the ROC, and failure to do so results in penalties. Here’s a look at everything
you need to know regarding the same.
DUE DATE: As per the new Companies Act 2013, details regarding the auditor and his/her
appointment must be noti ed to the ROC, at least within 15 days of the appointment. Such
notice must be led through Form ADT 1 which may be found and lled through the MCA
portal. For instance, if the AGM in which the auditor was formal appointment occurred on the
30th of September, Form ADT-1 must be led at least by 14th October.
What is Form ADT-1?
Form ADT- 1 works basically as an intimation to the ROC by every company which appoints
an auditor after holding their Annual General Meeting (AGM). This form must be led every
year with the ROC after the conclusion of the AGM, and appointment of the auditor.
Documents Attached with the Form ADT-1

1. Copy of the Company’s Board Resolution
2. Written letter of consent from the Auditor
3. Certi cate from Auditor stating their authenticity u/s 141
4. Copy of intimation given to the auditor by the company
Government Filing Fees
If the nominal share capital
Is less than 1 lakh – INR 200

Falls between 1 lakh and 5 lakhs – INR 300
Is between 5 lakhs and 25 lakhs – INR 400
Falls between 25 lakhs and 1 crore – INR 500
And falls exceed 1 crore – INR 600
Penalty on Delayed Filing
If the delay is
1. Up to 30 days, then the penalty will be twice the normal fees

2. Between 30 and 60 days, then the penalty will be four times the normal fees
3. From 60 to 90 days, then the penalty will be six times the normal fees
4. Between 90 and 180 days, then the penalty will be ten times the normal fees
5. Exceeds 180 days, then the penalty will be twelve times the normal fees
Important Points for ADT-1 Form
All Private/Listed/Unlisted/Public/One Person and any other Company must le Form ADT-1
The company itself is responsible for ling the form and this is not the responsibility of the
auditor
Even if the auditor is appointed casually, Form ADT-1 must be led.
The form may be led even for the appointment for the company’s rst auditor if deemed
necessary.
Form ADT-1 may be led electronically online via the Ministry of Corporate A airs website
The e-form uploaded this way will be auto-approved
If the form is successfully registered, then the authorities will send an acknowledgement email
to the registered email ID of the company
Form ADT-1 has replaced the old Form 23B which the auditor was expected to le on receiving
the appointment letter from a company. Form 23B was to be led at least within 30 days after
receiving the appointment letter. However when the new Companies Act 2013, was introduced,
this procedure was scrapped, and the new Form ADT-1 was introduced.
Also while the company les its AOC-4, they must mention the SRN number of ADT-1 form.
The following details of the Auditor must be supplied through the form:
1. Auditor Category
2. PAN of auditor
3. Membership Number of auditor
4. Auditor FRN
5. Address/ Email ID of Auditor
6. Period of appointment
7. Date of Appointment of the Auditor
8. Date of AGM
9. Tenure of the last auditor
10. Additional details regarding the vacancy
11. SRN from ADTR-3
12. FRN of the previous auditor
13. Reason and date of a casual vacancy

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What Is Professional Tax – Meaning, Rates
& Compliance
Professional-Tax-Meaning-Rates-
Compliance/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/What-is-Professional-tax_.jpg)
Many salaried employees in India wonder what a professional tax is and why it appears in
their Form 16 or payslips as a deduction from income. In this article, we are giving a true
picture of Professional tax, why it is deducted, the professional tax rates, and the
professional tax compliance.
What is the professional tax?
Unlike stated by the term, professional tax is not a tax levied merely on professionals. This
tax is levied on any individual who earns a livelihood through profession, employment, trade
or calling. As per provisions mentioned in Clause (2), Article 276 of the Indian Constitution,
the right to levy and collect professional tax is bestowed on the State Governments. Many
Indian states have opted not to exercise this right as well. In all the other States where it is
applicable, this tax is charged based on professional tax slab rates as enacted by the
respective States. However, no state can levy professional tax beyond ₹ 2,500 on any
taxpayer. Professional tax payment is allowed as a deduction from taxable income as per
the Income-tax Act, 1961.
For salaried employees, professional tax is deducted by the employer and paid to the
concerned department of the State Government. The self-employed individuals need to get a
‘Certi cate of Enrolment’ from the concerned State authority to pay the professional tax.
Professional Tax rates
The professional tax rates and slabs vary from one state to another. For illustration, let us
have a look at the professional tax slabs in two states, Tami Nadu and Kerala.
GET PROFESSIONAL TAX REGISTRATION

(HTTPS://VAKILSEARCH.COM/PROFESSIONAL-TAX-REGISTRATION?
Professional Tax Slab in Tamil Nadu
Half-yearly* salary (Rs) Tax per 6 months (Rs)
Up to ₹ 21,000/- NIL
From ₹ 21,001 to ₹ 30,000/- ₹ 100/-
From ₹ 30,001 to ₹ 45,000/- ₹ 235/-
From ₹ 45,001 to ₹ 60,000/- ₹ 510/-
From ₹ 60,001 to ₹ 75,000/- ₹ 760/-
Above ₹ 75,000/- ₹ 1095/-
*”half-year” shall be from the 1st of April to the 30th of September and from the 1st of
October to 31st of March in a calendar year
Professional Tax Slab in Kerala
Monthly salary (Rs) Tax per month (Rs)
Less than ₹ 2000/- NIL (https://chatbot.hellotars.com/conv/VyHIR8/)

From ₹ 2,000/- to ₹ 2,999/- ₹ 20/-
From ₹ 3,000/- to ₹ 4,999/- ₹ 30/-
From ₹ 5,000/- to ₹ 7,499/- ₹ 50/-
From ₹ 7,500/- to ₹ 9,999/- ₹ 75/-
From ₹ 10,000/- to ₹ 12,499/- ₹ 100/-
From ₹ 12,500/- to ₹ 16,666/- ₹ 125/-
From ₹ 16,667/- to ₹ 20,833/- ₹ 166/-
Above ₹ 20,834/- ₹ 208/- (₹ 212/- for February)
PROCEDURE FOR REGISTRATION AND PAYMENT OF PROFESSIONAL

TAX
In Tamil Nadu, professional tax can be paid both online and o ine, within 15 days from the
start of the half-yearly period mentioned above. Here, we will have a look at the procedure
for registration and professional tax online payment for the Greater Chennai Municipal
Corporation –
1. You can apply for registration of professional tax by visiting the online portal
www.chennaicorporation.gov.in (http://www.chennaicorporation.gov.in/)
2. After providing the details such as your email Id, mobile number, etc., you will get your
username and password that is secured with your mobile number and email.
3. Log in to your account to ll up the self-assessment application
4. You will need to upload the following documents along with the application:
5. Certi cate from the Registrar of Companies
6. Memorandum of Articles (In case of Limited Company)
7. Proof of O ce establishment at Chennai (Mandatory)
8. Certi cate from the Commercial Tax Department
9. Bank A/c. Details /PAN Card details
10. Employee and employer details (Mandatory)
11. You are not required to pay any fee while submitting this application.
12. After uploading the documents click ‘submit’
13. The portal will generate an acknowledgement slip along with the profession tax Registration
Number (PTNAN-Professional Tax New Account number).
14. After that, you can pay the professional tax online by using your preferred mode of payment.
Professional Tax Compliance
Di erent states have di erent legislation in place to ensure compliance with professional tax.
Therefore, the penal interest or amount of penalty for non-compliance may vary from one
state to another. Usually, a penalty is imposed on a taxpayer for failing to register for
professional tax. Penal provisions are also there for non-payment of professional tax and for
failing to le the return within the due date.

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Income Certi cate Online – Application,

Procedure & Format
(Https://Vakilsearch.Com/Advice/Income-
Certi cate-Online-Application-Procedure-
Format/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/Income-Certi cate-Online.jpg)
Ms. Sushma Kumari, a B.ED student has an annual(https://chatbot.hellotars.com/conv/VyHIR8/)
income of rupees forty-eight thousand
rupees. She applied for a scholarship and got the same by showcasing her income certi cate.
The scholarship covered her entire amount of tuition fees. Like Sushma, there are many
bene ciaries in our country.
The primary objective of our Government is to carry the people of the country along the path
of continuous progress. Therefore, it needs to nd out the needs of the people and launch
various schemes to address these needs. However, in a country as populous as India, it’s
di cult to nd out people who are in genuine need of these bene ciary schemes.
However, in a country where the population is in billions, it is di cult to identify who is

genuinely eligible for what type of bene t. Therefore, the Government has issued di erent
types of certi cations upon submission of valid documentary proofs. The income certi cate is
one such certi cation based on which the annual income of a person can be assessed. This,
in turn, can be used to determine his eligibility for certain bene ciary schemes. Thus, the
income certi cate helps eliminate discrepancies in the distribution of these schemes and
ensures that only the deserving and needy individuals can avail them.
Income Certificate Online Application
The application for income certi cates can be done both o ine and online. The Income
Certi cate online application can be done through a simple process and has been launched
to save people from the hassles of visiting the revenue o ce/ district magistrate o ce
physically, just to gather the application form. Most of the Indian states maintain a
dedicated website to facilitate Income certi cate up online apply.
GET FREE LEGAL GUIDANCE (HTTPS://VAKILSEARCH.COM/)
Income certificate online application procedure
The procedure for Income certi cate (http://serviceonline.gov.in/serviceLinkHome.html?

serviceToken=9QoZDHXgwA&OWASP_CSRFTOKEN=119B-C40L-6XOP-30Q2-PWNM-6YDA-
8L0W-LW2O) online application is mentioned below-
Visit the o cial online portal of your state/district to apply for the income certi cate. For
instance, Tamilnadu o cial website (https://edistricts.tn.gov.in/revenue/status.html))
Register yourself by creating an account on the portal, along with a username and password that
is secured with your mobile number.
Log in to your newly created account and click on the link “Apply for income certi cate”.
You will be lead to the online application page where you will need to ll your personal details
such as:
Name
Age or Date of Birth
Address ( inclusive of your district, village, taluka, etc)- as mentioned in your proof of address
Gender
Details of your ID proof ( Ration card/voter’s ID/Driving license)
Aadhar card – It is made compulsory in the majority of the states as it can identify a person
uniquely and stop fraudulent claims.
Religion
caste and sub-caste – whether OBC/SC/ST
Income details based on the Income-tax return, salary certi cate, Form 16 by the employer or
other proofs of income
After the above-mentioned details are lled, you will be directed to upload valid documents
against your address proof, income proof and other documents as deemed necessary.
Click ‘Save’
Choose your preferred mode of payment and make the statutory payment
An acknowledgement slip, with an acknowledgement number, will then be generated. You can
use this number to track the status of your online income certi cate application.
Please note:
If the online infrastructure provided by your state/district does not support online uploading
of documents, you will need to submit the hard copies of the same at the o ce of your
concerned district authority. The application fee is nominal and may vary from one state to
another. Some states may also require you to submit an a davit stating that all the
particulars mentioned in the application are true to your knowledge and belief. The income
certi cate is normally issued within 10 to 15 o cial days.
How to track your income certificate application online?

You need to follow the below-mentioned steps to track your income certi cate application
online:
Visit the o cial online portal of your state/district
Login to your account using the username and password created earlier
Click on the ‘Get Status’ tab
Enter the application number/acknowledgement number printed on your acknowledgement slip
Click ‘submit’ and the status of your application will be displayed on the screen.
Format of Income Certificate
The format of the Income Certi cate may vary among the States and Union Territories.
However, an illustrative format has been reproduced below:
Income Certi cate
This is to certify that Mr. / Miss / Mrs. S/o / D/o resident of father/guardian of,
his /her annual income from all sources is Rs. only.
Place:
Date:
Signature (with o cial seal)
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All You Need To Know About Form BEN-2

Need-To-Know-About-Form-Ben-2/)
Form-BEN-2-1.jpg)
As per Section 90 of the Companies Act, 2003 companies need to le Form BEN-2 as a
declaration with the Registrar of Companies. The form deals with the company’s signi cant
bene cial owners renouncing or disclosing their interest in the company via their
shareholding and voting rights. In this respect, Bene cial Owners are de ned as shareholders
who hold within the company a Signi cant Bene cial Ownership amounting to an excess of
10% of shareholdings or voting rights. Are you still unsure about how to le this Form? Worry
not, because here’s a look at everything you need to know regarding Form BEN-2.
What is Form BEN-2?
Form BEN-2 is a declaration wherein bene cial owners of a company disclose their interest
and shares in the company to the RoC. This must be done at least within thirty days of
gaining such an interest in a company. The form contains the following details:
1. Company’s Corporate Identi cation Number

2. Company’s registered name
3. E-mail ID of the company
4. O cial and registered o ce address of the company
Download the instruction kit (http://bit.ly/instructionkitben2) for e-form BEN-2 here
(http://bit.ly/instructionkitben2).

Purpose of Form BEN-2
Declaration of individuals who have a bene cial ownership

Declaration regarding any changes in the bene cial ownership
As a means of declaring the reporting company CIN
Speci es the number of members who have either direct or indirect right in the company
Declares the details of all such members. These details include:
1. Member Type
2. Member Name
3. CIN/FCRN/LLPIN of the member
4. Member’s Address
5. Member’s Email ID
6. Date of member’s registration in the company
7. Status of the Bene cial Owner
Declares the number of shares members have, and how the holding has been procured. The
manner of the holding may be any of the following:
1. Holding shares
2. Voting rights in shares
3. Dividend/Distribution Rights
4. Exercise of control
5. Exercise of signi cant in uence
Declares the details of SBO and information regarding their stake in an ultimate holding
company
Acts as a declaration of the particulars of the SBO. The details included are as follows:
1. SBO’s Name
2. Nationality of the SBO
3. SBO’S Father’s Name
4. SBO’s Date of Birth
5. Passport Number, E-mail ID, PAN ID and address of the SBO
6. Date on which they obtained a signi cant Bene cial Interest
7. Date of receipt of the company’s via Form BEN-1
8. Copy of BEN-1 and attached agreements
Government Fees for Form BEN-2

Less than 1 lakh – INR 200
Between 1 lakh and 5 lakhs – INR 300
Also, between 5 lakhs and 25 lakhs – INR 400
Between 25 lakhs and 1 crore – INR 500
If the nominal share capital exceeds 1 crore – INR 600

If there is no Nominal Share Capital – INR 200
Penalties and Fine for Late Filing
If the delay lasts
1. For up to 30 days, the penalty is twice the normal fees

2. Between 30 and 60 days, the penalty is four-time the normal fees
3. From 60 to 90 days, the penalty is six-time the normal fees
4. Between 90 and 180 days, the penalty is ten times the normal fees
5. Longer than 180 days, the penalty is twelve times the normal fees
Click the below link to download or view the format of the Form BEN-2
DOWNLOAD FORM BEN-2 (HTTP://BIT.LY/FORMBEN2)
Other BEN Forms
Form BEN-1
This is a declaration made by the SBO and is usually led to provide proof of any changes
in Bene cial Ownership that has occurred under Section 90.
Form BEN-3
This works as a company register containing details of all the company’s Signi cant
Bene cial Owners.
Form BEN-4
This is the notice that a reporting company must send to their Bene cial Owners asking
them to le their Form BEN-1 and may be sent either via email or post. An SBO must then
le their BEN-1, at least 30 days after receiving this notice. Failure to do so from the SBO’s
side will result in the company ling a petition with the NCLT.
Who is a Significant Beneficial Owner?
As per Section 90, a Signi cant Bene cial Owner is an individual, group of people or trust who
have one or more of the following rights in a company:
The signi cant bene cial owner holds-
1. Either indirectly or directly more than 10% shares

2. Either indirectly or directly more than 10% voting rights in the shares
3. The right to receive more than 10% of the dividends or any other distribution made in a scal
year
4. The right to exercise considerable control in the company

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Producer Companies: Protecting And

Bene ting The Agricultural Industry
(Https://Vakilsearch.Com/Advice/Producer-
Companies-Protecting-And-Bene ting-The-
Agricultural-Industry/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/What-are-the-bene ts-of-One-
Producer-Company_.jpg)
A Company that is registered with the Ministry of Corporate A airs (MCA), for the purpose of
agricultural production and processing activities, is called a Producer Company. It comprises
a committee of a minimum of 10 people and 2 institutions.
The producer companies’ concept has helped in the betterment of the way the agricultural
industry works, allowing them to access the technological advancements along with o ering
pro ts on input amounts and channelizing the agrarian market.
Producer companies review
These companies (https://www.mca.gov.in/Ministry/pdf/Producer_Company.pdf) aim at

improving the living standards, incomes, and pro ts for the individuals as well as groups. To
register under the name of producer companies, the following objectives must be
incorporated by the companies:
Harvesting
Grading
Pooling
Production
Marketing and selling
Import/export of goods and agricultural needs
Handling and several others
The primary purpose of the producer companies is to allow the co-operative businesses to
register themselves as one company, availing the several agricultural bene ts and enhancing
their status.
REGISTER YOUR BUSINESS NOW (HTTPS://VAKILSEARCH.COM/PRODUCER-

COMPANY?UTM_SOURCE=BLOG&UTM_MEDIUM=BLOG)
Objectives of producer companies
Under this, the producer companies must have the following objectives:
All the activities mentioned above must be a part of the working of companies.
Processing- This includes activities, namely canning, preservation, drying, distillation, brewing,
and packaging, along with other steps involved in the complete agricultural processes.
The manufacturing of the technological equipment that has to be used mainly by the members
of the company.
Assisting and rendering education about agricultural terms to the members of the company.
Providing all the services to the members right from consultancy, training to the development,
along with the other agricultural activities involved.
Several measures must be provided to bene t the members of the company in one way or the
other.
Providing technological services such as electricity, power, land resources, water resources, and
others for agricultural produce.
Providing insurance facilities to both producers and the agricultural products so obtained.
Provision of mutual assistance to the members.
Financing and providing credit facilities to the members for carrying out various agricultural
tasks.
The registration process of the producer company
The registration process of the producer company is exactly similar to the registration of
Private Limited Companies. It is brie y carried out in the following steps:
Digital signature
DIN (Directors Identi cation Number) for directors
Approval of name for the company
After nal approval by the MCA (Ministry of Corporate A airs), the company is incorporated
Commencing the business
Benefits of producers company
The producers’ company concept has been introduced, keeping into consideration the
growth of the agricultural industry. As such, the producers’ company o ers bene ts that
include:
All the members who have provided and contributed their shares in terms of produce or
products are provided with equity shares and cash amounts later. The amount so provided is as
decided by the director.
Bonus and surplus shares are provided in the ratio of shares o ered and contributed by the
members.
In the case of surplus income, the amount so provided depends on the work contribution made
to the business by the members.
Financial assistance can also be granted in the form of a credit to the members for a period of
up to six months.
Benefits on taxes to the producer companies
As per the Income Tax Act, 1961, the producer companies are exempted from paying all the
taxes, i.e., no taxes are levied on the income generated from the agricultural produce.
Depending on the type of agricultural activity taking place, the tax exemptions might vary for the
income obtained.
To be very speci c, no exemptions are provided to the producer companies. And they are
focused more on the activities that are carried out.
Additionally, the option of loans is also provided to the company members that have to be
repaid within three months-7 years.
Conclusion
As such, to ease out the process of setting up their business and earning pro ts on
agricultural activities, the government introduced a well-planned concept of producer
companies allowing the farmers to grow and earn credits by setting up their own business.
With the bene ts and tax exemptions so o ered, the process of agricultural activities has also
been made simpler and cheaper, leading to a boost in the income of all the small scale
workers.

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Business Plans: 7 Vital Component For The

Success Of Our Business
(Https://Vakilsearch.Com/Advice/Business-
Plans-7-Vital-Component-For-The-Success-
Of-Our-Business/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/Here-are-the-7-steps-for-
writing-a-business-plan.jpg)
Going into business without a business plan is like going on a mountain trek without a
map or GPS support – you will eventually get lost and starve
– Kevin J. Donaldson
When you hear the word ‘roadmap’ you think something is there for a desired outcome.
Every human has a good amount of expectation from their future. We set our own goals and
work hard in a proper sequential manner. We plan out the things to be done and also mark
all the expected di culties during the process. This eventually makes things easy and
achievable with fewer e orts. Something very similar happens in the eld of business. Every
business person wishes to expand his empire as much as possible and ultimately make
maximum pro t out of it. And here comes the indispensable role of a business plan.
What exactly is a business plan?
A business plan is a document that sums up all the nancial as well as operational objectives
of a business. It also contains detailed strategies and the ways through which the desired
goals can be attained. The vision of the company must be clearly stated in its business plan. It
can also be understood as a roadmap that directs us towards the successful running of our
business helping us avoid the expected consequences. As the goals of any business changes
with time, we also need to update the business plan with time. Creating a decent business
plan is said to be the rst vital step for a person starting a new business.
The steps required for writing a business plan
A business plan need not be a lengthy one. It must include all the strategies and planning
that one has in mind and are required for the execution of the plan to achieve the nal goal.
The steps that must be followed to write a business plan include:
Market research:
Proper market research is expected from the company before writing their business plan.
The company is supposed to know every detail about their own company along with
correct and up to date knowledge of the industry in which the company is. You must also
try talking to the public and try to understand their needs. A senior nancial and
management executive, William Pirraglia, has said we must consider twice as much time
researching and evaluating than you spend in actually writing the business plan.
State the motive of your business plan:
Apart from directing us towards our goals, it also ful ls the purpose of reminding us about
various sales and marketing strategies being made by the company along with the
projected pro t and loss statements. The purpose stated in the business plan may vary
according to your business.
GUIDANCE FOR YOUR BUSINESS PLAN

(HTTPS://VAKILSEARCH.COM/BUSINESS-PLAN-PITCH?
Generate a profile of your company:
It is one of the rst written parts of the plan. Firstly, a company pro le consists of all the
products and services o ered by the company, its resources, and the history of the
organization. Apart from this, the company pro le also states how the company will solve
various problems and what makes their business unique. This pro le is used to completely
describe the company in the business plan.
Documentation:
An investor only invests in any company if he feels that the company will earn the
maximum pro t in the future. So, an investor expects the company to let them know
everything about their business. To help in this process, documentation of expenses, cash
ow, and industry projections are being done.
Express your marketing strategies:
Marketing is said to be one of the most crucial aspects for the success of any business. A
perfect business plan always consists of some incredible marketing strategies. However,
the company prepares these strategies after detailed market research. These marketing
strategies help the company to put together all of their scarce resources on various
opportunities to increase the sales.
Must allow changes whenever required:
The readers of the business plans belong to diverse groups. Every potential reader is
expected to have a di erent level and eld of interest in the plan. Because of this, it is
suggested that the business plan must allow changes so that we can change it in
accordance with the audience reading the plan.
Let them know you care:
Let it be an investor, a customer or any member of the company, whoever reads our
business plan must be convinced that our entity really cares about their business and they
are entirely dedicated to achieving their goals. You may also discuss the lessons you have
learned from the mistakes done in the past and the problems that you look forward to
solving in the future. This point will really create(https://chatbot.hellotars.com/conv/VyHIR8/)
an impact on the potential readers of
your business plans.
Format of a Business Plan

Come forward with your ideas in a more logical manner through Business Plans. Therefore,
a well-thought plan comprises –
Introduction
Entreprise Description
Product or Service Description
Analysis of the Industry
Growth projections for a 1 year, 5 years and a decade
Marketing Plan
Operations Plan
Tech Plan
Human resources sub plans
Budget
Liquidity
Constructive Measures
Milestones
Conclusion
Business plans (https://www.sba.gov/business-guide/plan-your-business/write-your-

business-plan) help us to smoothen our way towards achieving the dreams the company
once had. Considering its importance, let it be big or a small company, indeed, everyone
must have perfect business plans.
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Writing A Business Plan? Here’s All That

You Must Follow (https://chatbot.hellotars.com/conv/VyHIR8/)
(Https://Vakilsearch.Com/Advice/Writing-A-
Business-Plan-Heres-All-That-You-Must-
Follow/)
y ya a ( ttps: a sea c .co ad ce aut o p ya a ) Ja ua y 8, 0 0
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/Writing-a-Business-Plan_-
Heres-all-that-you-must-follow.jpg)
Imagine…you want to show a forecasted report of your business to an investor or potential
partner. What will you do? Do you make it in a hurry or do proper research. Your answer
would obviously be a plan backed by proper research. A business plan is a roadmap of your
business. The success of a business largely depends on it.
If a business plan is carried out and written in a well-formatted way, it is the best option to
organize and manage your business in the most e cient ways. More than anything, business
plans act as a step-by-step guide to achieve the milestones and the desired objectives of your
organization.
While writing a business plan, you need to include essential information and follow some
important steps.
Things to be kept in mind before writing a business plan

Short and simple: Instead of elaborating and adding unnecessary details, the plan must follow a
simple format. With this, the plan can also be revised and reviewed quickly.
Targeted audience: The plan must be made following the demands of your targeted audience.
Provide complete speci cations according to the consumers, employees, and investors.
It’s an easy task: While making a business plan might seem like a complicated task, it isn’t. Even a
one-page document works perfectly, the only condition being it involves all the details and
proper working.
According to Deborah Sweeney, CEO of My Corporation, a lean business plan can be about a
page long and cover key areas such as your business’s value proposition, key partnerships,
customer segments and channels, and revenue streams. This format may not be su cient if
you need to present your business plan to lenders or investors, but it can be an e cient
format to use if you’re short on time or if you think you’ll be changing your business plan
frequently.
GUIDANCE TO WRITE YOUR BUSINESS PLAN

(HTTPS://VAKILSEARCH.COM/BUSINESS-PLAN-PITCH?
How to write the perfect business plan?
The business plan is not just a piece of paper. Instead, it determines the working, the success,
and failure of your business. It involves the thick and thin of your business. After all the
struggle with ideas, the next step is putting all of it out on the paper and getting working on
them. The steps and details to be included while writing a business plan include the
following:
1. Company overview:
The rst and foremost thing must consist of all the information on the company, including
the name, logo, visions, history, year of establishment, what it is based on and all of it. It
must also include how the company caters to and solves the problems of any industry in a
way di erent and exclusive from others.
2. Market research and analysis:
As per the experts, one must spend more time on research and understanding the trends
of the market before nally dropping it on paper and coming to conclusions. The market
analysis and research strategies build up the base of the business. One must have in-
depth knowledge of the competitors, the investors and above all their customers, to cater
well to each of them and build mutual trust and communications.
6. Organization, purpose, and management:
The business plan should mandatorily contain how the business will be managed and by
whom, the purpose and tasks of the people involved and the organizational strategies that
will be followed for the proper and smooth execution of the plan. Even while cooking food,
the ingredients have to be added in a speci c order, and similarly, for the business, a
proper chronology has to be followed.
7. Finances and accounts:
The business plan must contain the cash ow process, and in case of investors, the
amount to be invested and the pro t expectations as per the market statistics.
Additionally, it must also explain both short and long-term amount requirements and how
the investors will bene t from investing in the business.
8. Adaptable:
The plan must be such that it be changed or improved from time to time. If one of the
strategies does not succeed, a backup method must be there. This allows the business to
be executed in a hassle-free manner. Also, without having to stress a lot on the failures of
a procedure.
9. Marketing strategies:
At the end, the business is all about the market. The better way in which the product is put
to the customers, the more there are chances of progress. Various strategies must be
opted from time to time to build an active market, which includes:
Re ning and introducing new products and services at regular intervals.

Building relations with clients, along with long-term contracts.
Methods of product delivery to the customers must be enhanced.
Strategies to expand the business across new places.
10. Summary:
It is like a full context. Right from the basic idea to the nal aim that has to be achieved, and
the procedure that will be followed throughout the(https://chatbot.hellotars.com/conv/VyHIR8/)
process, the summary must include all of
it.
Conclusion
Over 70% of the business and start-ups end up dissolving within ten years. So, why not be
among the 30% of the successful ones by following smart strategies for business execution.
Make a business plan incorporating the background of the founding team, the business
model that may you have, market analysis report and an estimate of nancial performance.
FAQs
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Form AOC 4 – Required Documents, Fees,

Penalty, And Due Date
(Https://Vakilsearch.Com/Advice/Form-Aoc-
4-Required-Documents-Fees-Penalty-And-
Due-Date/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/Form-AOC-4-Required-
documents-fees-penalty-and-due-date.jpg)
Are you planning on starting a company? Do you feel that you need support on compliance?
If so, then you are in the right place. According to the Companies Act, 2013, every company
must le its annual accounts within 30 days and return within 60 days of the conclusion of
their Annual General Meeting. Also, all their nancial statements must be led to the Ministry
of Corporate A airs annually via AOC-4. Here’s a look at Form AOC4 and everything you need
to know about it.
Requirements for filing AOC 4

1. AOC-4 must be led within 30 days of the Annual General Meeting concluding.
2. The form must be led with the Ministry of Corporate A airs by uploading the necessary
documents online.
3. Every Form AOC-4 must be certi ed and veri ed by a Chartered Accountant or Company
Secretary.
Who needs to file Form AOC 4?

1. The companies listed in the Stock Exchange of India and their Indian subsidiaries
2. Companies whose capital is Rs.5 Crore or more than that
3. Companies with Rs.100 crores or more turnover
4. Also, companies covered till date under Companies Rules 2011
Documents Required for filing AOC 4
Financial Statements:
1. Balance Sheet
2. Pro t/Loss Account
3. Cash Flow statement
4. Change in equity statement
5. Board Report for Private/One Person/Limited and Section 8 Company
Auditors’ report
Statement of subsidiaries
Statement of fact regarding not adopting statements in the Annual General Meeting
Details of other entities, features of contracts and agreements– Form AOC-2
Statement of fact regarding not holding an AGM
Approval letter for extension of the nancial year
Test audit report
Company CSR policy
Details of the comments made by the CAG of India
Secretarial Audit Report
Directors’ report
Details of CSR activities
Procedure of Filing of Form AOC-4

1. Financial Statements and Form AOC-4 must be led to the MCA every nancial Year.
2. All the documents must be signed and SD copies are not acceptable for AOC-4, which must
always be hand-signed.
3. Companies coming under the XBRL scheme must upload their nancial statements on to the
MCA portal in XBRL format.
Due Date – All companies must le their Form AOC-4 at least within thirty days of concluding
their Annual General Meeting. One Person Companies must le their Form within 180 days of
the end of the scal year. In case no AGM has been held, the statements and Form must be
led within 30 days of the date on which the AGM should have been held. The reason for not
holding the AGM must also be mentioned in such cases. In case, the AGM is adjourned, the
form must be led at least within 30 days of the adjournment. In case, nancial statements
are unadopted, the form must be led at least within 30 days of AGM
For the nancial year of 2019, the due date for ling AOC-4 and XBRL, AOC (CFS), has been
extended to 31st December 2019.
Download Form AOC 4 below
DOWNLOAD (HTTP://BIT.LY/AOCFORM)
Government Fee for Filing AOC-4

Less than 1 Lakh INR 200
Between 1 lakh and 5 lakhs INR 300
Between 5 lakhs and 25 lakhs INR 400
Also, between 25 lakhs and 1 crore INR 500
Exceeds 1 crore INR600
If no nominal share capital INR 200
Penalty for Late Filing
1. Failure to le Form AOC-4 and the nancial statements before the due date lead to the levying of
various penalties.
2. The penalty starts with a ne of INR 1000, for every delayed day up to 10 lakhs.
3. Further delay results in the company’s MD, Directors, and CFO receiving punishment which
includes imprisonment for six months and a ne between 1 lakh and 5 lakhs.
4. Penalty for delays up to 30 days, the penalty is twice the normal ling fees.
5. For delays between 30 and 60 days, the penalty is four times the normal ling fees.
6. For the delays between 60 and 90 days, the penalty is six times the normal ling fees.
7. Also, for delays between 90 and 180 days, the penalty is ten times the normal ling fees.
8. Or for the delays more than 120 days, the penalty is twelve times the normal ling fees.

FAQs
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What Is Patta Chitta – How To Apply Online,

Check The Status & Validity
Patta-Chitta-How-To-Apply-Online-Check-
The-Status-Validity/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/What-is-Patta-Chitta_.jpg)
Digitization of land records is a welcome change happening in the Land & Revenue
administration across India of late. The Government of Tamil Nadu has also made rapid
strides in managing the land records of the state online. Go through this article to have a
step-by-step guide about how to apply for your land records online, check the status of your
online application and check the validity of your Patta certi cate.
What is Patta Chitta?
According to the Government establishment, a Patta Chitta is a record related to land

revenues that denotes the ownership of land. A Patta register is a record kept in a Taluk
o ce and it speci es the ownership portions of an entire landholding. Chitta is, in essence, a
part of Patta that provides information about the ownership of land belonging to a particular
person.
What is Patta?
A Patta is a legal document issued by the Government of Tamil Nadu to the owner of landed
property. A Patta can act as a revenue record in the name of the owner and can be obtained
from the concerned Tahsildar’s o ce in a particular district. The following details are
available in a Patta:
Name of the Owner
The number of Patta
The names of the concerned District, Taluk, and Village
Survey number and subdivision
Area or dimensions of the land
Whether the land is a Dryland or a Wetland (Punjai Nilam and Nanjai Nilam in Tamil)
Land Tax details
What is Chitta?
It is a legal document issued by the Government of Tamil Nadu and is maintained by the
Taluk o ce and the Village Administrative O cer (VAO) of the concerned village. This
document is extremely important for all transactions related to property and includes
relevant details about the size, ownership, area, etc of the land. A Chitta also classi es the
land into Punjai (dry land) and Nanjai (wetland).
The Government of Tamilnadu has incorporated a signi cant change in the Chitta system
with e ect from 2015. As per these changes, the government has stopped issuing single
Chittas. Instead, the relevant details of the Chitta have been included in the Patta and the
document so merged has been named as ‘Patta Chitta’.
GET YOUR PATTACHITTA NOW (HTTPS://VAKILSEARCH.COM/PROPERTY-

REGISTRATION/PATTA-CHITTA)
How to apply online for a PattaChitta?
You should follow the following steps to apply for a PattaChitta online–
1. Click here (http://eservices.tn.gov.in/eservicesnew/index.html) and visit the o cial website of

Tamil Nadu Revenue Services.
2. Click the ‘‘View Patta & FMB/Citta/TSLR Extract” link on the homepage.
3. Select the following details related to the property for which you require the PattaChitta
and click “Submit”.
District
Area type ( urban/rural)
4. Enter the following details on the next page. Then enter the ‘Captcha’ and submit-
District
Taluk
Town
Ward no
Block
Survey number
Sub-division number
5. While ling the online patta application you need to submit a statutory fee of Rs 100
6. Upon successful submission of the fee and online Patta Chitta registration, a certi cate
will be generated online from the Town Survey Land Registration. It will contain information
such as the locality, the land type, the survey number, type of construction on the property
and so on.
How to check the status of the online application?
You can check the status of your online application by following the easy steps mentioned
below-
Click (https://edistricts.tn.gov.in/revenue_report/status.html) here (Tamil Nadu e-district portal)

Enter your application Id, the ‘Captcha’ and click ‘Submit’
Click ‘Get Status’
Your patta chitta online status will be displayed on the screen
How to check validity?
You can check the validity of your Patta Certi cate by following these simple steps-
1. Click here (http://eservices.tn.gov.in/eservicesnew/index.html) (Tamil Nadu Government e-
Services Portal)
2. Click on ‘Verify Patta’

3. Enter your unique reference number on the space provided and click the ‘Submit’ button
The validity details will be displayed on your screen.
Patta Chitta documents are important legal evidence if you want to buy or sell any landed
property. The Tamil Nadu Government has made adequate arrangements where you can
apply for your Patta Chitta online and can get your Patta certi cate after following a few
simple steps, as mentioned above. For more details, you can discuss with the patta chitta
customer care of the Government of Tamil Nadu.
FAQs (https://chatbot.hellotars.com/conv/VyHIR8/)
No FAQs found
GST – Top 10 Matters To Keep In Mind In
2020 (Https://Vakilsearch.Com/Advice/Gst-
Top-10-Matters-To-Keep-In-Mind-In-2020-2/)
(https://vakilsearch.com/advice/wp-content/uploads/2020/01/GST-Top-10-matters-to-keep-in-
mind-in-2020.jpg)
As always, a new year brings in fresh desires, responsibilities, hopes, and challenges for each
one of us, isn’t it? In 2020, the Goods & Services Tax (https://www.gst.gov.in/) (GST) is not
without its fair share of ‘freshness’ either! GST has been a big driving force of tax reforms in
India, right from its full- edged implementation as a comprehensive and destination-based
indirect tax from 1st July 2017. Over the course of the last 2 years, quite a few important
changes have been made in the GST rules to change the dynamics of business in India. In this
blog, we will look into 10 matters every taxpayer should keep in mind about GST in 2020.
GET ONLINE GST REGISTRATION (HTTPS://VAKILSEARCH.COM/GST-

INDIA/GST-REGISTRATION?UTM_SOURCE=BLOG&UTM_MEDIUM=BLOG)
1. Mandating E-invoices
With e ect from 1st April 2020, E-invoices will be made mandatory for all taxpayers with an
annual turnover of over Rs 100 crore in a nancial year. The Central Tax Noti cation no.
70/2019 dated 13th December 2019 has inserted a new sub-rule (4) to Rule 48 of the CGST
Rules, 2017 regarding the same. Moreover, the E-invoice must include particulars as
mentioned in the GST INV-01 form, after getting the Invoice Reference Number.
2. New Invoice Registration Portal (IRP)
To support mandatory E-invoicing, the necessary infrastructure has been incorporated to

the Invoice Registration Portal with e ect from 1st January 2020. The supplier will be
responsible for uploading the form of E-invoice on the IRP. The IRP will then generate the QR
Code (including the important parameters of the E-invoice) and will send it back to the
supplier. To put it simply, IRP will create the E-invoice of invoices submitted by the supplier.
IRP will then send the E-invoice to the recipient and will also send the data regarding the E-
invoice to the GSTN portal.
3. New Format of GST return
From 1st April 2020 onwards, taxpayers will submit their GST returns in an automated and
simpli ed format. This new format aims to reduce tax evasion and increase compliance to a
greater extent. This format will also ensure simpli cation of the claim process of the Input
Tax Credit (ITC).
4. The increased importance of Annexure-1 and Annexure-2
In the year 2020, Annexure-1 of Outward Supplies and Annexure -2 of Inward Supplies will
form the basis of ling GST returns. These two documents will be extremely important for all
future GST reports and are due to replace the GSTR 1 and GSTR-2A forms.
5. Restriction on ITC ( Input Tax Credit) claims
In its 38th meeting held recently on 18th December 2019, the GST Council approved a change
in GST rule regarding ITC claims and the same has been implemented with e ect from 1st
January 2020 onwards. The ITC has been reduced from the existing 20% to 10% of the eligible
credit if the debit notes or invoices are not aptly re ected during the ling of Form GSTR-2A.
6. Blocking of E-way bill generation
The Central Tax Noti cation no. 75/2019 dated 26th(https://chatbot.hellotars.com/conv/VyHIR8/)

December 2019 has amended Rule 138
of the CGST Rules, 2017. As per this amendment, from 11th January 2020, the e-way bills of
taxpayers who failed to le their GSTR-1 form for more than two quarters or two months
would be blocked. Therefore, the regular ling of GSTR-3B and GSTR-1 needs to be done
together in 2020.
7. Waiver of Late Fees for non-filing of GSTR-1
As per decisions taken in the 38th GST Council meeting on 18th December 2019, noti cation
was issued to waive o the late fee for entities if they submitted the outward supply details in
their GSTR-1 (pending for the period July 2017 to November 2019) between the window
starting from 19th December 2019 to 10th January 2020. This will also be e ective for GSTR-
2A to claim Input Tax Credit.
8. GST Audit and Annual Return
The due date for ling GST Annual Return (GSTR-9) and Audit Report and the GSTR 9-C
(reconciliation statement) for F.Y. 2017-18 has been further extended to 31st January 2020.
Besides, the due date for ling GSTR – 9 and GSTR – 9C for the F.Y 2018-19 has been
extended to 31st March 2020. However, for F.Y. 2019-20, the new format will come into
practice.
9. DIN notice and E-scrutiny
GST Circular No. 28/47/2019 dated 23rd December 2019 has mandated that electronic
generation and quoting of DIN is a must for all communications ( including e-mails) sent to
taxpayers from any CBIC o ce. To check large-scale deviations in returns and improve GST
collections, e-assessment notices (with DIN) and e-scrutiny for GST returns post-July-2017 will
also be expedited.
10. Re-engineering of GSTN Network
A signi cant re-engineering of the GSTN Network is proposed to facilitate more taxpayer-
centric services such as refund status, return reminders, ITC matches, and mismatches and
so on.
FAQs
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Immigration Laws and Policies in India

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Immigration Laws and Policies in India

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Immigration Laws And Policies In India

Things that every Indian immigrant needs to keep in check

Rules and regulations for immigrants (https://vakilsearch.com/family-immigration)

GET LEGAL ADVICE FROM EXPERTS

Foreigners registration in India:

1. Any visitor on an employment visa has the liberty(https://chatbot.hellotars.com/conv/VyHIR8/)

What exactly is LLP?

LLP stands for Limited Liability Partnership

Features and Beneﬁts of LLP:

There is no concept of Minimum Capital Contribution.

The only disadvantage is that money cannot be raised through LLPs.

Difference between Limited Liability Partnerships, Traditional

Penalties under the LLP Act:

Some of the O ences under the LLP Act can be:

REGISTER YOUR LLP COMPANY NOW (HTTPS://VAKILSEARCH.COM/LLP-

LLP Into A Private Limited Company: All

Limited Liability Partnership (LLP):

Converting Limited Liability Partnership into Private Limited

The LLP must have a minimum of 7 partners.

A no-objection certi cate from all creditors.

Memorandum of Association and Articles of Association:

Which is Better? LLP or Private Limited Company?

LLP Agreement: A Pact Of Rights And

Reasons for changing an LLP Agreement:

Steps for making Amendments in LLP:

The steps are as follows:

The details to be ﬁlled in Form-3 are:

Resolving the disputes between:

Other clauses that are related to LLP

The business activity details after the amendments are done.

Documents to be ﬁled with Form-3:

The LLP before amendments

Documents to be ﬁled with Form-4:

The changes made in the LLP agreement

Limited Liability Partnership

REGISTER FOR YOUR LLP NOW (HTTPS://VAKILSEARCH.COM/LLP-

Beneﬁts of Limited Liability Partnership

2. No minimum capital required:

3. No restrictions on the number of partners in the business:

There is no compulsion on the ling and submission of monthly or yearly audits,

7. Dividend Distribution Tax (DDT):

8. Liabilities of Partners: (https://chatbot.hellotars.com/conv/VyHIR8/)

10. Separate Properties:

11. Separate Entity:

Disadvantages of Limited Liability Partnership

Some of the disadvantages of LLP are as follows:

How to register an LLP Company online in India

How To Check, Update Aadhaar Card Status

How to Check Aadhaar Card Status by Enrolment Number

Checking Aadhaar Status without Enrolment Number

Now choose UID or EID option to get the details

Steps to Check Aadhaar Card Status through Mobile Number

Aadhaar Status Update through India Post

1. Visit the UIDAI o cial website (https://uidai.website/)

How to Update Aadhaar Card Details Online

Visit the UIDAI home portal

Enter the Aadhaar number in the space provided

Niryat Bandhu Scheme: A Learning

GET FREE LEGAL ADVICE NOW (HTTPS://VAKILSEARCH.COM/)

BEST-DGFT( Business Excellence Support Team):

Click here (http://bit.ly/NiryatBandhu) to know more on the Niryat Bandhu scheme

How To Open An SSY Account With State