Saturday 25 February 2017

MAIN OBJECT CLAUSE OF COMPANY


Main objects of Jewellery Company

1. To carry on all or any of the business of goldsmiths, silver smiths, jewellers, gem and diamond merchants and of manufacturing and dealing in clocks, watches, jewellery, cutlery and their components and accessories and of producing acquiring and trading in metals, bullion, gold ornaments, silver utensils, diamond, precious stones, paintings, manuscripts, antiques and objects of art.
2. To carry on the trades of business of gold smiths, silver smiths, enamellers, jewellers, gem merchants, electroplates, importers and exporters of bullion and other refined and smelted metals.
3.  To carry on business as goldsmiths, silversmiths jewellers, gem merchants, importers and exporters of bullion and buy, sell and deal (wholesale and retail) in bullion precious stones, jewellery gold or silver cups, shields, articles of virtue objects of art.
4.  To carry on business as goldsmiths, silversmiths, jewellers, gem merchants and importers and exporters of bullion and to buy, sell and deal in 9 wholesale or retail) precious stones, jewellery, gold and silver plate, electroplate, bronzes, articles or various objects of art and to manufacture and to establish factories for manufacturing goods for the above business.

Main Object clause of Food Processing Company
1. To manufacture, process, prepare, preserve, can, refine, bottle, buy, sell and deal whether as wholesalers or retailers or as exporters or importers or as principals or agents in foods, meats, egg, poultry, vegetables, canned and tinned and processed foods, protein, health and instant foods of al kinds including baby and dietic foods, cereals, beverages, cordials, tonics, restoratives and aerated mineral waters and food stuffs and consumable provisions of very description for human or animal consumption and to carry on business in all natural, artificial, synthetic or chemical edible food colour.
2. To transact and carry on business as manufacturers, importers and exporters of all sorts of fruits, food, foodstuffs, canned fruits, chocolates, candies, jams, preserves, jellies, peppermints, juice, syrups, beverages, waters, wines, cordials, restorative and drinks of all kinds.


Main Object clause of FMCG Company
1.      To construct, build, establish, erect, promote, undertake, acquire, own, operate, transport, equip, manage, renovate, reconstruct, develop, set up, turn to account, maintain, keep, operate and run multiple food processing units for manufacturing, processing, preparing, preserving, refining, buying, selling and otherwise dealing in any manner in all type of food and food related products including cereals, spices, masala, beverages, dairy products, milk products, convenience foods and processed foods of all kind and every description and providing incidental and ancillary services in relation thereto, and to act as buyer, seller, stockiest, distributors, importer, exporter, or otherwise to deal in all sorts of food grains, commodities, vegetables, fruits, edibles, vegetarian and non-vegetarian food products and similar goods and to establish, promote, develop, manage multiple brands, trade name and trademarks in relation to the business of the Company for dealing in food articles, food products, fast moving consumer goods and other consumer products and for such purpose to act as a brand owner, licensee, franchisee, representative or distributor and/or otherwise.

Wednesday 22 February 2017

TEAM JSRA SERVICES - CORPORATE GOVERNANCE AND SECRETARIAL SERVICES

CORPORATE GOVERNANCE AND SECRETARIAL SERVICES

·         Corporate Governance Services
·         Advising on good governance practices and compliance of Corporate Governance norms as prescribed under various Corporate, Securities and Other Business Laws and regulations and guidelines made thereunder.
·         Corporate Secretarial Services
·         Promotion, formation and incorporation of companies and matters related therewith
·         Filing, registering any document including forms, returns and applications by and on behalf of the company as an authorized representative
·         Maintenance of secretarial records, statutory books and registers
·         Arranging board/general meetings and preparing minutes thereof
·         All work relating to shares and their transfer and transmission

CORPORATE LAWS ADVISORY AND REPRESENTATION SERVICES

·         Advising companies on Compliance of legal and procedural aspects, particularly under –
·         SEBI Act, SCRA and rules and regulations made there-under
·         SEBI Act, SCRA and rules and regulations made thereunder
·         Foreign Exchange Management Act
·         Consumer Protection Act
·         Depositories Act
·         Environment and Pollution Control Laws
·         Labour and Industrial Laws
·         Co­operative Societies Act
·         Mergers and Amalgamations and Strategic Alliances
·         Foreign Collaborations and Joint Ventures
·         Setting up subsidiaries abroad
·         Competition Policy and Anti Competitive Practices
·         IPR Protection, Management, Valuation and Audit
·         Drafting of Legal documents.
·         Representation Services
·         Representing on behalf of a company and other persons before National Company
·         Law Board
·         Competition Commission of India
·         Securities Appellate Tribunal
·         Registrar of Companies
·         Consumer Forums
·         Telecom Disputes Settlement and Appellate Tribunal
·         Tax Authorities
·         Other quasi­judicial bodies and Tribunals
·         Arbitration and Conciliation Services
·         Advising on arbitration, negotiation and conciliation in commercial disputes between the parties
·         Acting as arbitration/conciliator in domestic and international commercial disputes

·         Drafting Arbitration/Conciliation Agreement/Clause

Positive Thoughts by JSRA

If you had Rs.86400 in your account and someone stole Rs.10 from you, would you be upset and throw the remaining amount Rs. 86390 away in hopes of going back at the person who took your Rs.10 ? No.. You would move on and live. Right? The same way we have 86400 seconds each day. Don't let someone's negative 10 seconds ruin the remaining 86390 seconds of your day. Don't sweat the small stuff. Life is bigger than that. Have a positive day !

Wednesday 1 February 2017

Major Highlights of Union Budget 2017

Major Highlights of Union Budget 2017:


1. Total Budget of ₹ 21.47 Lakhs crores for 2017-2018.
2. Increase in Direct Tax collection by 34% after demonetisation.
3. Holding period for LTCG for Land & Building reduced to 2 years.
4. Carried forward of MAT Credit for 15 years instead of 10 years.
5. 5% tax exemption for companies having turnover below ₹ 50 crores.
6. 6% presumptive tax for turnover upto ₹ 2 crores.
7. No cash transaction above ₹ 3 Lakhs will be permitted.
8. Maximum Donation receivable from unknown source by pol party will be ₹ 2k.
9. Change in period of limitation for scrutiny assessment.
10. 5 % tax for income below ₹ 5 Lakhs.
11. No tax for income upto ₹ 3 Lakhs.
12. 10% surcharge for assesse income between ₹ 50 Lakhs to ₹ 1 crores.
13. One page Income Tax return proposed.
*Highlights of Union Buget 2017 - 2018*


*GST* - No changes in service tax & excise duty as GST draft will be launching soon

*Fiscal Deficit* - Seen at 3.2% (17-18) & 3% (18-19)

*Current Account Deficit* - 0.3% (16-17) 1st Half

*FDI Investments* - 1.45 Lakh Crores (16-17) 1st Half

*Farmer* - Double their income in 5 years

*Agriculture* - 10 Lac Crores credit

*MNREGA* - Allocation 48,000 Crores

*PM Gram Sadak Yojna* - Allocation 19,000 Crores

*Sr. Citizen* - 8% guaranteed pension for 10yrs by LIC of India scheme

*Rail Budget* - 1.31 Lakh Crores, New Railway Line of 3500 kms, No service charge on IRCTC Ticket booking

*Highway* - 67,000 Crores for National Highways

*Disinvestment* - Continue through ETF's and timely disinvestments of PSU's,
Target 72500 Crores

*Banking* - 10,000 Crores to PSU banks for Recapitalisation, Double landing targets to Bank 2.44 Lac Crores, 2.44 Lac Crores under mudra scheme

*Total Expenditure* - Estimated at 21.47 Lac Crores

*Defence Expenditure* - 2.74 Lakh Crores excluding Pension

*Income Tax* - Companies turnover less than 50 Crores will pay 5%  less tax, Effective 

*Infra* - Insurance company has to invest 25% in Infra bonds

Regards

Team JSRA

ENTRY STRATEGY INTO INDIAN MARKET - AS AN INDIAN COMPANY

  ENTRY STRATEGY INTO INDIAN MARKET AS AN INDIAN COMPANY A foreign company can commence operations in India by incorporating a company u...