Gaurav Srivastava & Associates

Every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be  mandatory  required to file form DIR-3 KYC on or before 31st August, 2018. Otherwise LATE FEES PENALTY 5000 FROM 1 SEPTEMBER 2018 AND DIN WILL BE DEACTIVATED. 2. Documents Required: DSC of Director duly Registered; Self attested PAN card; Self attested Aadhar card with updated Mobile number with UIDAI; Self attested Electricity Bill, Mobile Bill, Bank statement of Director (latest 2 Months) of his/her present address; Latest Passport size photo; DIN declaration cum KYC.

The e-way Bill System for Inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows: Situation: -Consider a situation where a consignor is required to move goods from City X to City Z. He appoints Transporter A for movement of his goods. Transporter A moves the goods from City X to City Y. For completing the movement of goods i.e. from City Y to City Z, Transporter A now hands over the goods to Transporter B. Thereafter, the goods are moved to the destination i.e. from City Y to City Z by Transporter B. How would the e-way bill be generated in such situations? Clarification : -It is clarified that in such a scenario, only one e-way bill would be required. PART A of FORM GST EWB-01 can be filled by the consignor and then the e-way bill will be assigned by the consignor to Transporter A. Transporter A will fill the vehicle details, etc. in PART B of FORM GST EWB...

The form e-CODS is now available with MCA. Click on this link:  http://www.mca.gov.in/MinistryV2/companyformsdownload.html Procedure to be followed for the purposes of the scheme:- (1) In the case of defaulting companies whose names have not been removed from register of companies, (Meaning thereby this scheme is applicable to ACTIVE COMPANIES ONLY)- i) The DINs of the disqualified directors de-activated at present shall be temporarily activated during the validity of the scheme to enable them to file the overdue documents. ii) The defaulting company shall file the overdue documents in the respective prescribed eForms paying the statutory filing fee and additional fee payable as per section 403 of the Act read with Companies (Registration Offices and fee) Rules, 2014 for filing these overdue documents. iii) The defaulting company after filing documents under this scheme, shall seek condonation of delay by filing form e-CODS 2018 attached to this scheme...

RUN (Reserve Unique Name) web service is a simple and easy to use web service for reserving a name for a new company or for change of name for any existing company. This is a post-login service and existing users would need to login into their account using their credentials. New users are required to create a login account first before using the service. After login, they may click on the icon RUN (Reserve Unique Name) under the head ‘MCA Services’. Entity Type represents the Type/Class/Category of the proposed company in case name is being reserved for incorporating a new company. CIN is Corporate Identification Number and it has to be entered only when an existing company wishes to change its name and is using  RUN  to reserve a new name. User has to enter the name he wants to reserve, for incorporation of a new company or for changing the name of an existing company. Users are requested to ensure that the proposed name selected does not contain any word w...

The Procedure for 80G/ 12A registration of NGO/ Charitable Trust/ Institution under section 12A, section 12AA and Section 80G which will facilitate NGO/ Charitable Trust/ Institution to avail income tax exemption benefits. A non­governmental organization (NGO) that is neither a part of a government nor a conventional for­ profit business. Usually set up by ordinary citizens, NGOs may be funded by governments, foundations, businesses, or private persons. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious or other interest groups. Both Applications can be applied together or it can also be applied separately also. If some organization is willing to apply both applications separately, then application for registration u/...

INTERNAL AUDIT Internal Audit in India : A Proactive Initiative. ...   Internal audit   is an independent function of management which entails the continuous and critical appraisal of the functioning of an entity, with a special focus on possible areas for improvement and how to strengthen and add value to an entity's governance mechanisms. Internal audit is a review of operations and records undertaken within a business by specially assigned staff. It is a post-transaction review to evaluate the correctness of records and the effectiveness of operations on a continuous basis in an organization by the paying staffs. The term 'internal audit' has been defined as the independent appraisal of activity within an organization for the review of accounting, financial and other business practices as a protective and constructive arm of management. It is a type of control which functions by measuring and evaluating the effectiveness of other types of controls. Inter...