Adiaz Business Professionals LLP

19/10/2019

Need a website developer..
Job location Ranchi
Ping on 7004715091

25/01/2018

MCA makes Starting a Business easier and simpler!
Now you can incorporate your company with zero fee..

09/12/2017

GUIDE TO STARTUP -I
PROTECT YOUR TRADEMARK

Process of Registration of Trademark
STEP 1: Trademark Search
STEP 2: Filing of Trademark Registration Application
STEP 3: Examination of Trademark Registration Application
STEP 4: Publication of Mark in Trademark Journa
STEP 5: Trademark Registration

Contact@8603804743

26/11/2017

How does the SME exchange benefit the Small and Medium Enterprises (SME)

Listing provides an opportunity to the corporates / entrepreneurs to raise capital to fund new projects / undertake expansions / diversifications and for acquisitions.
This mode of fund raising through infusion of equity can help the Companies to raise borrowed funds at efficient rate.
Equity financing lowers the debt burden leading to lower financing costs and healthier balance sheets for the firms.
Listing also provides an exit route to private equity investors as well as liquidity to the ESOP-holding employees. SME Listing channelizes meaningful Schemes. Listing pre supposes good Corporate Governance which results in sustainability of the Company.
Listing also helps generate an independent valuation of the company by the market.
Listing raises a company’s public profile with customers, suppliers, investors, financial institutions and the media.
A listed company is typically covered in analyst reports and may also be included in one or more of indices of the stock exchanges.
An initial listing increases a company’s ability to raise further capital through various routes like preferential issue, rights issue, Qualified Institutional Placements and ADRs / GDRs / FCCBs, and in the process attract a wide and varied body of institutional and professional investors.
Listing leads to better and timely disclosures and thus also protects the interest of the investors.
Listing provides a continuing liquidity to the shareholders of the entity. This in turn helps broaden the shareholder base.
Listed companies generally find that the market perception of their financial and business strength is enhanced.
Tax Benefits –
The sale of unlisted shares in short term attract the capital gain tax upto 30% as applicable to the tax payer and the long term capital gain tax of 10% without indexation and 20% with indexation.
The sale of listed securities in the short term attract the capital gain tax of 15% and there is no long term capital gains tax provided it has been subject to STT. This makes it clear that the listing of shares on SME is very attractive.
All Companies listed on SME Exchange can anytime migrate to the main Board of BSE provided shareholders approval is accorded.
Eligibility criteria for SME IPO

SEBI Guidelines

Max Post Issue capital – Rs.25 crores
Min No. of members for Issue – 50
After listing, no min no. of members required to be continued
Market making – Mandatory for 3 years
Underwriting – 100% (Merchant Bankers to underwrite 15% in own account)
Minimum application and Trading Lot size – Rs.1,00,000/- or in multiples thereof
BSE Guidelines

Net Tangible assets of at least Rs.3 crores as per the latest audited financial results
Net worth (excluding revaluation reserves) of at least Rs.3 crores as per the latest audited financial results.
Track record of distributable profits in terms of sec. 123 of Companies Act, 2013 for at least two years out of immediately preceding three financial years and each financial year has to be a period of at least 12 months. Extraordinary income will not be considered for the purpose of calculating distributable profits.
OR
Net worth shall be at least Rs. 5 crores.
The post-issue paid up capital of the company shall be at least Rs.3 crores.
Other Requirements:
The Company shall have a website
The company shall mandatorily facilitate trading in demat securities and enter into an agreement with both the depositories.
There should not be any change in the promoters of the company in preceding one year from date of filing the application to BSE for listing under SME segment.
Certificate from the applicant company / promoting companies stating the following:
The Company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR).
There is no winding up petition against the company that has been accepted by a court.
Note: Cases where company is out of BIFR are allowed.

Listing Process will also involve
Visit to the registered office of the Company by BSE officials to verify general documents and processes followed in the Company.
Promoters to attend an interview with the Listing Advisory Committee.
Migration from BSE SME Exchange to the main Board of BSE:
It is mandatory for the company to be listed and traded on the BSE SME Platform for a minimum period of two years.
Post issue capital should be more than Rs.10 crores and upto Rs.25 crores.
Shareholders’ approval to be sought by special resolution passed through postal ballot – In postal ballot, the votes cast by shareholders other than promoters in favour of the proposal to migrate to Main Board should be at least two times the number of votes cast by shareholders other than promoter shareholders against the proposal to migrate to Main Board.
To fulfill the eligibility criteria for migration to Main Board – The companies seeking migration to Main Board of BSE should satisfy the eligibility criteria as specified in 26 of SEBI (ICDR) Regulations, 2009 either at the time of initial listing on SME platform or at the time of seeking migration to Main Board. However, same will not be applicable where the company had sought listing on SME platform by following the book building process and as per the requirements prescribed in 26(2) of SEBI (ICDR) Regulations, 2009.

03/07/2017

http://businessfiling.in/concept-e-way-bill-gst/

E-Way Bill will be required for movement of all goods, whether within the state or across states. E-way bill is…

03/07/2017

http://businessfiling.in/gst-registration/

26/05/2017

1) E-Way Bill will be required for movement of all goods, whether within the state or across states. E-way bills is even required for transport of goods outside the GST ambit, for example exempt goods like agricultural products.

2) Entire process requires participation by Supplier, Transporter and Recipient. For transport of goods exceeding Rs 50,000 in Value- - Supplier to upload details onto the GSTN portal.

- Transporter (In case of Third Party Transport Company) will upload further details to create a final e-way bill. This e-way bill is to be carried along with the goods that are being transported.

Upon generation of the e-way bill on the GSTN portal, a unique e-way bill number (EBN) shall be made available to the supplier, the transporter and the recipient of goods.

- Recipient of the goods- if a registered entity under GST, has to communicate its acceptance or rejection of the consignment covered by the e-way bill, within 72 hours of the details being available on the GSTN portal. Else, the recipient is deemed to have accepted the details.

3) In Case of an Accident if goods would be transferred from one vehicle to another than transporter has to create a new e-way bill on the GSTN portal, before further transit.

4) Multiple consignments are to be transported in one vehicle (say, a lorry is catering to three different suppliers), the transporter is required to indicate the serial number of the e-way bills generated in respect of each such consignment on the GSTN portal. A consolidated e-way bill in the required form is to be generated by the transporter prior to the movement of goods.

5) Validity period of the e-way bill, which is dependent upon the distance involved for transport of goods

- Distance less than 100 kms - validity 1 Day
- 100 Km to 300 km- Validity 3 Days
- 300 Km to 500 km- Validity 5 days
- 500 Km to 1000 km- Validity 10 days
- More than 1000km- Validity 15 days

24/05/2017

99 signatures are still needed!

01/05/2017

The much-awaited Real Estate Act comes into force from Monday with a promise of protecting the right of consumers and ushering in transparency but only 13 states and UTs have so far notified rules.

The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer in king.

The government has brought in the legislation to protect home buyers and encourage genuine private players.

The Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March last year and all the 92 sections of the Act comes into effect from May 1.

"The Real Estate Act coming into force after a nine-year wait and marks the beginning of a new era," Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu said.

The Minister said the law will make "buyer the king", while developers will also benefit from the increased buyers' confidence in the regulated environment.

17/02/2017

During its two-day global investors’ summit 2017 (GIS-2017) — ‘Momentum Jharkhand’ — startedThursday, the state government will look to attract investments in sectors such as information technology, electronic design, food processing, textile and tourism, and will “consciously” move away from “core areas” like coal mining.
it is” to project Jharkhand as a state that had to offer much more than coal mining or heavy industries, a perception created for the state over the years. They added that this would also help do away with the negative image that had been created due to various projects in these sectors that are either not taking off or languishing at various stages.
The ‘shelf of projects’, a document giving an indication of possible areas and projects to investors that has been uploaded on the ‘Momentum Jharkhand’ portal, also does not mention investment potential (IP) in the mining sector.
Besides, barring a couple of projects related to coal mining, it mentions smaller minerals like kyanite, stone quarries, copper and precious metals like gold (which requires much smaller area, compared to mining coal). The document mentions total IP to the tune of around Rs 1.86 lakh crore. However, officials said that estimated investments have already crossed Rs 3.5 lakh crore.