Synopsis of COMPANY PROFILE-

There will be an online network or hub of buyers & sellers on my client website.
Buyers & sellers will be registered on my client website by paying registration fees.
The buyer will give his requirement of goods to Co. and the Co. will then search for goods as per buyer's requirement & provide him the comparison of rate & quality of all the goods available from the Seller's database.
The buyer will choose the goods from the comparison chart & the Co. will arrange for home delivery for which a small some is charged extra.

The seller will raise the invoice to Co. & the Co. will raise the Invoice to Buyer's.

Also, there will be income from advertisements on the website of Co.

Initially, the scheme of home delivery is launched for Udaipur, Nathdwara & Kankroli.

The Co. will be free to deal in any goods & services & in any region in future.

Pls. suggest Main Object to be written in Form 1A.

Dear Sir,

I am into web hosting and designing business and run my business as a sole proprietor.

Here is a bit details of my business:
1. We design websites and develop applications for both Indian and International clients.
2. We receive payments from International clients via credit card and via paypal.
3 .Also we lease/colocate dedicated servers from India as well as US Vendors. For US servers we either pay using paypal balance or credit card. We then sell hosting on this servers to both Indian and International clients.

We do not have service tax number as our turnover was less then 10 lacs and also we do not deduct TDS as it was not required as we are sole proprietor with no audit required. But this march end we reached the 10 lacs figure and current year will will cross this figure easily.

So instead of getting service tax and TAN number on my propriertorship firm, would u advice me to form a pvt. ltd. company and move my whole business into this company? As the business is growing and having a pvt. ltd. company gives more trust to international and corporate clients, I wanted to go for a pvt. ltd. company. But a few people suggesed that it involves much paper work and much restrictions for payments.

If I form a pvt. ltd. company, what will be the approx. annual charges of all accounting and auditing etc. and what will be the apprx. formation charges? Also as a pvt. ltd. company will there be any restrictions on making payments to international vendors ? When we make payment to international vendors for leasing dedicted servers, do we need to deduct TDS?

Pls suggest and help me decide to get service tax numbers and TAN as sole proprietor or a pvt. ltd. company.

Sir,

If an additional director of a public unlisted company becomes Whole time director , without appointing him as a director is it possible?
Also, tell me the procedure for his appointment as whole time director in a public unlisted company.

Thanks & Regards,
ACS Preeti

e-stamp duty (online payment) of incorporation documents could not be made since internet connection failed immediately after paying MCA service fee. Seeks remedy.

What is the procedure for formation of a Foreign Company under Companies Act, 1956? I need to know it from the practical angle nad its pretty urgent. Please help.

Thanks
Padma

Dear Members,

Can anyone please guide me with procedure of making application of condonation of delay to CLB for delay in filing Form 8 and also which documents will require for that .

ragards,
Mayuri Lal

Can a subsi company pay commission to holding company on the business arranged by him.The company has common directors.

Whether section 297 will be attracted?

section 297 is applicable if private company purchases or sells goods or services to public company or it is reverse.Further limit of Rs. 1 crore applies to the company giving services or receiving services.


can any one give me explanation of section 297 as it is very confusing ?

Dear professional colleagues,

I want the object clause of the company engaged in

1) e-trading business.

2) Solar Kits.

Thanks in advance

An employee was given loan by limited company. Thereafter he is appointed as director & managing director. Is co. require to take approval ? Which other provision would be applicable?