Patna, Bihar, India Verified Supplier
We offer the best product range of msme registration service, drug license service, GST Return Filing, DIR-3 KYC Filing Service and MOA Amendment Service.
Previously known SSI registered entities are now known and registered as MSME, i.e.; Micro, Small and Medium Enterprises. MSME stands for Micro, Small and Medium enterprises, categorized based on the annual revenue in business. These entities possess MSME registration certificate, registered with MSME Department of the Central Government under MSME Development Act, 2006. The Act was enacted for the promotion and growth of the businesses operating at small or medium scale. Where all major activities were eligible for registration under MSME earlier, trading and other few activities are now specifically excluded from eligibility. Although the registration is voluntary, businesses prefer to obtain MSME registration online due to numerous benefits declared by the government.
To start the Pharma business, a drug license is required. The central drugs standard control organization and state drugs standard control organization issue the drug license in India. The provisions for this has been made in Drugs & Cosmetics Act, 1940 which is applicable to whole of India. It is an Act to consolidate all the laws relating to drugs & cosmetics, which established the Drugs Control Department. In 1964, the Act was amended to include Ayurvedic & Unani drugs. However a particular business entity may require different types of drug license based on their business. Normally, the drug control organization issues two types DL one is Retail drug license which is issued to a person who runs a chemist shop and another one is a Wholesale drug license which is issued to a person who wants to sell drugs on a wholesale level. In case a business is operating in more than two states, it has to obtain drug license in every state in which business is being carried on. Drug license is location specific. If drugs are sold or stocked for sale at more than one place, application shall be made, and license shall be issued, in respect of each such place except migrant vendors. Once the license is granted to the business, all such License must ensure that all the condition in the drug license are compiled at all the time during the course of the business. All the records /registers /Forms must be maintained in the manner specified by the licensing authorities and authorities shall be kept informed for all the changes or modification in the business activities.
Goods and Service Tax law now governs the major portion of the indirect tax system in India. The suppliers registered under this regime need to fulfill the compliance requirement regularly. Based on the turnover and the activities, the requirements and period of filing returns are prescribed under law. With online GST return filing, the taxpayers intimate the Goods and Service Tax Network (GSTN) about the inflow and outflow of supplies including the amount of tax paid and collected. While recording the taxable transactions with Government, the taxpayer is also required to pay the amount of tax collected from an outward supplier of goods or services after the deduction of Input Tax Credit (ITC).
Filing DIR-3 KYC is a part of annual KYC conducted by Ministry of Corporate Affairs. MCA has announced mandatory annual KYC for all DIN holder w.e.f. 10th July 2018 by inserting Rule 12A to Companies (Appointment and Qualifications of Directors) Rules, 2014. This compliance is applicable to every individual holding DIN with ‘Approved’ status and also to those who are disqualified. This being annual requirement, every DIN holder has to fulfill the compliance with respect to every financial year. The common due date for filing is 30th April of immediate next financial year. The last date (i.e. 15th September, 2018) for filing the form for a person holding DIN on or before 31st March, 2018 has been passed. Therefore, DIN of the person who has failed to file the form will be deactivated. To reactivate the DIN, the concerned person has to file the KYC with fee of INR 5, 000 to Government. However, considering the technical difficulties faced to comply with KYC requirements, the ministry has allowed DIR-3 KYC filing at a reduced fee of Rs 500 for 15 days starting from 21st September 2018 and October 6th 2018 onwards, fee of Rs 5, 000 will apply to reactivate DIN.
Memorandum of Association of a Company sets down the constitution of a company including the permitted range of activities of the company, state of incorporation, type of company, capital clause, liability clause and more. Changes to Memorandum of Association of a company can be required while changing name of a company, changing registered office from state to state. alteration of objects clause, alteration of capital clause or increase of authorised capital. Changes to the Memorandum of Association of a company would require the passing of a special resolution and shareholders consent. Clauses in the Memorandum of Association (MOA) There are many of the clauses in the memorandum of association like; Name Clause Object Clause State Clause Liability Clause Capital Clause