Business and its Multiple Rules and Regulations India – Registration, Formation and Incorporation
The company is the legal entity which is need to be registered when it works and to meet the out world changes. There are certain rules and regulations of the company which should be followed by it. The company is made of its owners wealth so it needs to be tax bounded.
A Company is an only separate legal entity which is needed to be registered under the companies act. Every country is having different procedure of the registration. In India companies are registered under the specific act of the Companies act 1956. Formation of company is not at play of kids and not at all an easy task. A Company registration in India required certain procedure to be followed step by step. Every new company registration is always advisable as it will legally benefit organization.
There are many uncountable formalities we have to follow for registering the service Tax in India. All the formalities are under Section 69 of the finance act, 1994 must fulfill to get service tax registration, For registration we have to make sure to submit an application for service tax in form ST-1 to superintendent within 30 days from service tax due date. Normally for an every new business which is liable for service tax must apply for service tax within 30 days from the date of starting the business. If the business owner wishes or needs to pay more than one tax, single registration is enough for all kind of taxes. Also he has to furnish all the required details of tax in the prescribed application form. Also there is a centralized system is there for those who have to pay tax for more than one premise. For this, various departments duly calculate all taxes in the name of one premise for which he gets registration.
The Registrars of new Companies that are ROC allocated under the Section 609 of the Companies Act enveloping different States and Union Territories, is authorized to register a company in India and guarantees that such firms abide by the constitutional prerequisites under the Act.The Registrars of the Companies, business registration in india and new company registration in india in the different states chiefly manage the integration of companies, the Change of name of companies, Change of fiscal years, the Alteration of companies from Private to Public and vice versa, the Eliminating the names of companies and the Penalty action against companies.
While the registration one should keep in mind the documents like,the Identity Proof which should contain any one of the following: 1. PAN Card2. Driving License 3. Passport 4. Voter Id Card
The Residence Proof should be containing any one of the following: 1.Driving License 2.Passport 3.Voter Id Card 4.Telephone Bill5.Ration Card 6.Electricity Bill 7.Bank Statement
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