Cancellation of GST – GST Registration in Coimbatore

 GST Registration in Coimbatore – Cancellation of GST is what we are going to be discussed here. GST (Goods and Services Tax) brought various taxpayers registered under various indirect tax laws under GST registration rule. As GST is a destination-based tax, so any supplier with the collection of turnover exceeding Rs.20 lakh wants to be register under GST. Some types of suppliers want to compulsorily register under GST corresponding to their annual turnover and some have the option to do…

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Reporting guidelines for Foreign Investment – Company Registration in Coimbatore

Reporting of FDI for fresh issuance of shares Reporting of inflow The actual inflows on account of such issuance of shares shall be reported by the AD branch in the R-returns in the normal course. An Indian company registration receiving investment from outside India for issuing shares and convertible debenture/ preference shares /warrants under the FDI Scheme, should report the details of the amount of consideration to the Regional Office concerned of the Reserve Bank through its AD Category-1 bank,…

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How a company can execute deed? – Company Registration in Coimbatore

Scope of section Section 48 of the 1956 Act provides as to how a company can execute deed being an artificial juridical person. Common seal of the company registration can be taken as the signature of the company. Writing under its Common Seal The common seal is a relic of the days when media eval barons, who could not read or write, used their rings to make a characteristic impress. Though, with the growth of literacy, in the case of…

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Summary of Objects – Company Registration in Coimbatore

Objects Clause in English Companies Act, 2006 Under English Companies Act, 2006 a provision as to objects is required to be made in the articles of association. Section 31(1) of English Companies Act, 2006 provides that unless the company’s articles specifically restrict the objects of the company, its objects are unrestricted. Effect of amendment on statement of objects The effect of the Clauses (c) and (d) of section  13(1) of the 1956 Act as amended by the Act 31 of…

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Implementation of Schemes – Company Registration in Coimbatore

Implementation of Schemes through trust A company may implement schemes either directly or by setting up an irrevocable trust. provided that if the scheme is to be implemented through a trust the same has to be decided up front at the time of taking approval of the shareholders for setting up the schemes. Provided further that if the scheme involves secondary acquisition or gift or both, then it is mandatory for the company to implement such scheme(s) through a trust(s).…

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