Category: Information

Registering Limited Liability Partnership in India


A Limited Liability Partnership may be incorporated as per the procedure explained below:

User Registration

• Register yourself on the website of Ministry of Corporate Affairs, developed for LLP services, i.e. www.llp.gov.in. This website may also be accessed through the website of the ministrywww.mca.gov.in. On the home page of the URL www.llp.gov.in click “Register” tab on top right hand corner of the page.

• Fill in the registration form. Fields marked * in the form are to be mandatorily filled. Select your user name and password.

• Upload digital signature certificate

• On successful registration, system will give a message that you have been registered successfully. 

Obtain Designated Partners Identification Number (DPIN).

• All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)” by filing an application individually online in Form -7.

• For obtaining DPIN kindly log in by clicking on the “Login” tab on top right corner of the home page, enter your user name and password. After login, click on the E-forms link. List of e-forms will open. Click and open  Form 7.

• Fill up “Form 7” for allotment of DPIN

• Pay filing fee of Rs.100 online through credit card (master/visa)

• Submit the application form online. The system will generate a provisional DPIN. Kindly note it carefully

• Take the print out of the application form, affix a latest passport size photograph and get it attested/certified for submission physically along with documentary evidences for proof of identify and proof of residence with the Registrar LLP.

• Deliver the printed and signed application form, along with the prescribed documents by hand/courier/registered post to the Office of Registrar, Ministry of Corporate Affairs,  3rd Floor, “Paryavaran Bhawan”, CGO Complex, Lodhi Road, New Delhi-110003.

• For more details see Instruction Kit provided on the home page under “Users Guide” tab.

Digital Signature Certificate

• Partner/Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 2 or class 3 Digital Signature Certificate (DSC) from any authorized certifying agency, details of which are available on the home page of the llp portal under the tab “Certifying Authorities”.

Reservation of name

• Log on to the LLP portal by clicking the “log in” tab on the top right corner of the homepage and enter your username and password. After login, click “E-Forms” link.

• Open Form-1 for reservation of name and fill in the details. Select name of the proposed LLP (upto 6 choices can be indicated).

• Any partner or designated partner in the proposed LLP may submit Form-1.

• Append digital signatures and submit the e-form

• Pay the necessary fee by credit card (master/visa).

• Free name search facility (of existing companies / LLPs) is available on MCA portal (hyper link available on LLP portal).The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up.

• Details of minimum two designated partners of the proposed LLP, one of them must be a resident of India, is required to be filled in the application for reservation of name. Only individuals or nominees on behalf of the bodies corporate as partners can act as designated partners.

• Check status of your application by logging on the portal.

• For more details see Instruction Kit provided on the home page under “Users Guide” tab.

Incorporation of LLP

• Once the name is reserved  by the Registrar, log on to the portal and fill up Form-2 “Incorporation Document and Statement”.

• Pay the prescribed registration fee as per the slab given in Annexure A of the LLP Rules, 2009, based on the total monetary value of contribution of partners in the proposed LLP.

• Statement in the e-form is to be digitally signed by a person named in the incorporation document as a designated partner having permanent DPIN and also to be digitally signed by an advocate/company secretary/chartered accountant/cost accountant in practice and  engaged in the formation of LLP.

• On submission of complete documents the Registrar after satisfying himself about compliance with relevant provisions of the LLP Act will register the LLP, maximum within 14 days of filing of Form-2 and will issue a certificate of incorporation in Form-16.

• You can check status of your application by logging on to the portal

• For more details see Instruction Kit provided on the home page under “Instruction Kit” tab.

Filing of LLP agreement (Form-3) and Partners’ details (Form-4)

• Form 3 (Information with regard to LLP agreement and changes, if any made therein) and Form-4 (Notice of Appointment of Partner/Designate Partner, his consent etc.) may be filed with the prescribed fee simultaneously at the time of filing Form-2 or within 30 days of the date of incorporation or within 30 days of such subsequent changes.

• For more details see Instruction Kit provided on the home page under “Instruction Kit” tab.

Details of Fee

1. For registration of Limited Liability Partnership including conversion of a firm or a private company or an unlisted public company into Limited Liability Partnership:

(a) Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh

Rs. 500/-

(b) Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs

Rs. 2000/-

(c) Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs

Rs. 4000/-

(d) Limited Liability Partnership whose contribution exceeds Rs. 10 lakh

Rs. 5000/-

2. The difference between the fees payable on the increased slab of contribution and the fees paid on the preceding slab of contribution shall be paid through Form 3.

3. For filing, registering or recording any document, form, statement, notice, Statement of Accounts and Solvency, annual return and an application along with the Statement for  conversion of a firm or a private company or an unlisted public company into LLP by this Act or by these rules required or authorized to be filed, registered or recorded:

(a) Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh

Rs. 50/-

(b) Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs

Rs. 100/-

(c) Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs

Rs. 150/-

(d) Limited Liability Partnership whose contribution exceeds Rs. 10 lakh

Rs. 200/-

4. Fee for any application other than application for conversion of a firm or a private company or an unlisted public company into LLP shall be as under:-

(a) An application for reservation of name u/s 16

Rs. 200/-

(b) An application for direction to change the name u/s 18

Rs. 10000/-

(c) Application for reservation of name under Rule 18(3)

Rs. 10,000/-

(d) Application for renewal of name under rule 18(3)

Rs. 5000/-

(e) Application for obtaining DPIN under rule 10(5)

Rs.100/-

5. Fee for inspection of documents or for obtaining certified copy thereof shall be as under:-

(a) For inspection of documents of an LLP under section 36 Rs. 50/-

(b) For Copy or extract of any document under section 36 to be certified by Registrar

Rs. 5/- per page or fractional part thereof

6. Fee for filing any form or a Statement of Account and Solvency or a notice or a document by foreign limited liability partnership

(a) For filing a document under rule 34(1)

Rs.5000/-

(b) Any other form or Statement of Account and Solvency or notice or document

Rs.1000/-

If you need any assistance in Incorporating a LLP company you can get in touch with Mr.Bala Murugan. Here are his contact details;

Email: bala@cogzidel.com
Mobile: +91.9884039129
Phone (O): +91.44.64990102 

Source: Cogzidel Consultancy Services

Difference between Dual listing & ADR


Off late we are hearing a lot about “Dual Listing” because of Bharti – MTN acquisition. Before telling the difference let me explain what both terms mean?

What is Dual Listing?

Dual Listing means listing of shared of merged entity in Stock market of two countries. In Bharti – MTN case if the deal would have gone through they would be listed in Indian Stock Market & South African Stock market as separate legal identities with a common management.

What is ADR?

ADR stands for American Depositary Receipt where in a US bank buys Shares of a company in lots and trades them in US Stock Exchange. A buyer can convert ADR’s into shares and trade it within US bourses.

Pass this information


If you have come across any bright students coming from poor financial background who have finished their 10th standard this year (April 2009) and scored more than 80%, please ask them to contact the NGO-Prerana (supported by Infosys foundation). The NGO is conducting a written test and those who clear the test will be eligible for financial help for their further studies.

Please ask the students to contact the people mentioned below to get the form;

#580, Shubhakar, 44th cross,
1st ‘A’ Main Road,
Jayanagar 7th block Bangalore
Mob no- 9900906338(Saraswati)

Mr.Shivkumar( 9986630301) – Hanumanth nagar office
Ms.Bindu(9964534667 )-Yeshwantpur office

Even if you don’t know anyone, please pass on this info, some one might be in need of this help desperately.

Hinduism – Well Explained!!!


Four years ago, I was flying from JFK NY Airport to SFO to attend a meeting at Monterey, CA.

An American girl was sitting on the right side, near window seat.

It indeed was a long journey – it would take nearly seven hours!

I was surprised to see the young girl reading a Bible – unusual of young Americans! (Later I came to know that September 11 has changed mind-set of lot of US citizens. They suddenly turned religious, it seemed.) After some time she smiled and we had few acquaintances talk. I told her that I am from India .

Then suddenly the girl asked: ‘What’s your faith?’

‘What?’ I didn’t understand the question.

‘I mean, what’s your religion? Are you a Christian? Or a Muslim?’

‘No!’ I replied, ‘I am neither Christian nor Muslim’.

Apparently she appeared shocked to listen to that.

‘Then who are you…?’

‘I am a Hindu’, I said.

She looked at me as if she is seeing a caged animal.

She could not understand what I was talking about.

A common man in Europe or US knows about Christianity and Islam, as they are the leading religions of the world today.

But a Hindu, what? I explained to her – I am born to a Hindu father and Hindu mother. Therefore, I am a Hindu by birth.

‘Who is your prophet?’ she asked.

‘We don’t have a prophet,’ I replied.

‘What’s your Holy Book?’

‘We don’t have a single Holy Book, but we have hundreds and thousands of philosophical and sacred scriptures,’ I replied.

‘Oh, come on…at least tell me who is your God?’

‘What do you mean by that?’

‘Like we have Yahweh and Muslims have Allah – don’t you have a God?’

I thought for a moment. Muslims and Christians believe one God (Male God) who created the world and takes an interest in the humans who inhabit it. Her mind is conditioned with that kind of belief.

According to her (or anybody who doesn’t know about Hinduism), a religion need to have one Prophet, one Holy book and one God. The mind is so conditioned and rigidly narrowed down to such a notion that anything else is not acceptable. I understood her perception and concept about faith. You can’t compare Hinduism with any of the present leading religions where you have to believe in one concept of god.

I tried to explain to her: ‘You can believe in one god and he can be a Hindu. You may believe in multiple deities and still you can be a Hindu. What’s more – you may not believe in god at all, still you can be a Hindu. An atheist can also be a Hindu.’

This sounded very crazy to her.

She couldn’t imagine a religion so unorganized, still surviving for thousands of years, even after onslaught from foreign forces.

‘I don’t understand…but it seems very interesting. Are you religious?’ What can I tell to this American girl?

I said: ‘I do not go to temple regularly. I do not make any regular rituals. I have learned some of the rituals in my younger days. I still enjoy doing it sometimes.’ ‘Enjoy? Are you not afraid of God?’

‘God is a friend. No- I am not afraid of God. Nobody has made any compulsions on me to perform these rituals regularly.’

She thought for a while and then asked: ‘Have you ever thought of converting to any other religion?’

‘Why should I? Even if I challenge some of the rituals and faith in Hinduism, nobody can convert me from Hinduism. Because, being a Hindu allows me to think independently and objectively, without conditioning… I remain as a Hindu never by force, but choice.’ I told her that Hinduism is not a religion, but a set of beliefs and practices. It is not a religion like Christianity or Islam because it is not founded by any one person or does not have an organized controlling body like the Church or the Order, I added. There is no institution or authority.

‘So, you don’t believe in God?’ she wanted everything in black and white.

‘I didn’t say that. I do not discard the divine reality. Our scripture, or Sruthis or Smrithis – Vedas and Upanishads or the Gita – say God might be there or he might not be there. But we pray to that supreme abstract authority (Para Brahma) that is the creator of this universe.’

‘Why can’t you believe in one personal God?’

‘We have a concept – abstract – not a personal god. The concept or notion of a personal God, hiding behind the clouds of secrecy, telling us irrational stories through few men whom he sends as messengers, demanding us to worship him or punish us, does not make sense. I don’t think that God is as silly as an autocratic emperor who wants others to respect him or fear him.’ I told her that such notions are just fancies of less educated human imagination and fallacies, adding that generally ethnic religious practitioners in Hinduism believe in personal gods. The entry level Hinduism has over-whelming superstitions too. The philosophical side of Hinduism negates all superstitions.

‘Good that you agree God might exist. You told that you pray. What is your prayer then?’

‘Loka Samastha Sukino Bhavantu. Om Shanti, Shanti, Shanti,’

‘Funny,’ she laughed, ‘What does it mean?’

‘May all the beings in all the worlds be happy. Om Peace, Peace, Peace.’

‘Hmm… Very interesting. I want to learn more about this religion. It is so democratic, broad-minded and free…’ she exclaimed.

‘The fact is Hinduism is a religion of the individual, for the individual and by the individual with its roots in the Vedas and the Bhagavad-Gita. It is all about an individual approaching a personal God in an individual way according to his temperament and inner evolution – it is as simple as that.’

‘How does anybody convert to Hinduism?’

‘Nobody can convert you to Hinduism, because it is not a religion, but a set of beliefs and practices. Everything is acceptable in Hinduism because there is no single authority or organization either to accept it or to reject it or to oppose it on behalf of Hinduism.’

I told her – if you look for meaning in life, don’t look for it in religions; don’t go from one cult to another or from one guru to the next.

For a real seeker, I told her, Bible itself gives guidelines when it says ‘ Kingdom of God is within you.’ I reminded her of Christ’s teaching about the love that we have for each other. That is where you can find the meaning of life.

Loving each and every creation of the God is absolute and real.

‘Isavasyam idam sarvam’ Isam (the God) is present (inhabits) here everywhere – nothing exists separate from the God, because God is present everywhere. Respect every living being and non-living things as God. That’s what Hinduism teaches you.

Hinduism is referred to as Sanathana Dharma, the eternal faith. It is based on the practice of Dharma, the code of life. The most important aspect of Hinduism is being truthful to oneself. Hinduism has no monopoly on ideas. It is open to all. Hindus believe in one God (not a personal one) expressed in different forms. For them, God is timeless and formless entity.

Ancestors of today’s Hindus believe in eternal truths and cosmic laws and these truths are opened to anyone who seeks them. But there is a section of Hindus who are either superstitious or turned fanatic to make this an organized religion like others. The British coin the word ‘Hindu’ and considered it as a religion.

I said: ‘Religions have become an MLM (multi-level-marketing) industry that has been trying to expand the market share by conversion. The biggest business in today’s world is Spirituality. Hinduism is no exception…’

I am a Hindu because it doesn’t condition my mind with any faith system………….

RAM.K.MENON

Benefits of eating fruits!!!


We all think eating fruits means just buying fruits, cutting it and just popping it into our mouths. It’s not as easy as you think. It’s important to know how and when to eat.

What is the correct way of eating fruits?

IT MEANS NOT EATING FRUITS AFTER YOUR MEALS! *

FRUITS SHOULD BE EATEN ON AN EMPTY STOMACH.

If you eat fruit like that, it will play a major role to detoxify your system, supplying you with a great deal of energy for weight loss and other life activities.

FRUIT IS THE MOST IMPORTANT FOOD.

Let’s say you eat two slices of bread and then a slice of fruit. The slice of fruit is ready to go straight through the stomach into the intestines, but it is prevented from doing so.

In the meantime the whole meal rots and ferments and turns to acid. The minute the fruit comes into contact with the food in the stomach and digestive juices, the entire mass of food begins to spoil…..

So please eat your fruits on an empty stomach or before your meals! You have heard people complaining – every time I eat watermelon I burp, when I eat durian my stomach bloats up, when I eat a banana I feel like running to the toilet etc – actually all this will not arise if you eat the fruit on an empty stomach. The fruit mixes with the putrefying other food and produces gas and hence you will bloat!

There is no such thing as some fruits, like orange and lemon are acidic, because all fruits become alkaline in our body, according to Dr. Herbert Shelton who did research on this matter.  If you have mastered the correct way of eating fruits, you have the Secret of beauty, longevity, health, energy, happiness and normal weight.

When you need to drink fruit juice – drink only fresh fruit juice, NOT from the cans. Don’t even drink juice that has been heated up. Don’t eat cooked fruits because you don’t get the nutrients at all. You only get to taste. Cooking destroys all the vitamins.

But eating a whole fruit is better than drinking the juice. If you should drink the juice, drink it mouthful by mouthful slowly, because you must let it mix with your saliva before swallowing it. You can go on a 3-day fruit fast to cleanse your body. Just eat fruits and drink fruit juice throughout the 3 days and you will be surprised when your friends tell you how radiant you look!

KIWI: Tiny but mighty. This is a good source of potassium, magnesium, vitamin E & fiber. Its vitamin C content is twice that of an orange.

APPLE: An apple a day keeps the doctor away? Although an apple has a low vitamin C content, it has antioxidants & flavonoids which enhances the activity of vitamin C thereby helping to lower the risks of colon cancer, heart attack & stroke.

STRAWBERRY: Protective Fruit. Strawberries have the highest total antioxidant power among major fruits & protect the body from cancer-causing, blood vessel-clogging free radicals.

ORANGE: Sweetest medicine. Taking 2-4 oranges a day may help keep colds away, lowers cholesterol, prevents & dissolve kidney stones as well as lessens the risk of colon cancer.

WATERMELON: Coolest thirst quencher.. Composed of 92% water, it is also packed with a giant dose of glutathione, which helps boost our immune system. They are also a key source of lycopene – the cancer fighting oxidant. Other nutrients found in watermelon are vitamin C & Potassium.

GUAVA & PAPAYA: Top awards for vitamin C. They are the clear winners for their high vitamin C content. Guava is also rich in fiber, which helps prevent constipation. Papaya is rich in carotene; this is good for your eyes.

Drinking Cold water after a meal = Cancer! Can u believe this?? For those who like to drink cold water, this article is applicable to you. It is nice to have a cup of cold drink after a meal. However, the cold water will solidify the oily stuff that you have just consumed. It will slow down the digestion. Once this ‘sludge’ reacts with the acid, it will break down and be absorbed by the intestine faster than the solid food. It will line the intestine. Very soon, this will turn into fats and lead to cancer. It is best to drink hot soup or warm water after a meal.

A serious note about heart attacks HEART ATTACK PROCEDURE’: (THIS IS NOT A JOKE!) Women should know that not every heart attack symptom is going to be the left arm hurting.. Be aware of intense pain in the jaw line.. You may never have the first chest pain during the course of a heart attack. Nausea and intense sweating are also common symptoms.. Sixty percent of people who have a heart attack while they are asleep do not wake up. Pain in the jaw can wake you from a sound sleep. Let’s be careful and be aware. The more we know the better chance we could survive…

Invitation to The Most Popular Entrepreneur Challenge 2009


Moving forward with its endeavor of building a strong Indian entrepreneurial ecosystem, YourStory launches The Most Popular Entrepreneur Challenge 2009; lead sponsored by Sun Startup Essentials.

Entrepreneurs are unique human beings, as creators and shapers of ideas, they have changed the world. Every Entrepreneur who has ventured forth has done so knowingly that their future is a gamble. Braving the “slings and arrows of outrageous fortune” they emerged victorious each time. This has been the trait of their race. From endless planning to business models and team building, a modern Entrepreneur chooses to do it all. Statistics, research, facts, and market knowledge are the new tools of an old trade.

 

However, we seem to have forgotten that the entrepreneur is more than just the sum of his or her parts. As the legacy of our past stirs us post Independence Day, we have looked deep and hard at what makes an entrepreneur. YourStory seeks to rediscover the charisma, leadership, and foresight of the Great Indian Entrepreneur.

 

For the first time in India, YourStory is conducting a Challenge for Entrepreneurs which will be 100 percent community driven. With all the contests in India primarily being ‘judged’ by experts and panelists, who form ‘their’ opinions on ‘your’ business model, we think that’s its time to change the rule of the game as celebrate entrepreneurship for its spirit purely. No conjecture, posturing and punditry can hope to judge the worth of an Entrepreneur.

 

If you believe that if it is about you then the people closest to you would be your best judge. After all an Entrepreneur is what an Entrepreneur Does. We believe a great entrepreneur is one who can inspire and lead people around him/her. We think it’s time to test your entrepreneurial zeal and popularity among your peers, clients, vendors, friends and relatives – a litmus test that tests your ‘Appeal Quotient’ and brings to fore a biz mastermind, a consummate entrepreneur and a deserving winner. 

 

Besides building a strong profile and testimonial page of every participant, the winner of the contest will walk away with a bouquet of prizes that include a cash prize of Rs.50,000/- mentoring by Mumbai Angel Network, Times Private Treaties (part of the Bennett Coleman Group), Planet Aikon and Morpheus Venture Partners, nation-wide coverage and publicity by Yuva magazine, a two month search engine optimization programme by Clearpath Technology worth Rs.25,000/- free web development by LS Solutions and a 6 month long software and application support by Startup Garage.

Registrations open @ www.yourstory.in

Adventure Sports at Yelagiri


Tamilnadu Tourism Development Corporation & Yelagiri Adventure Sports Association jointly organize a three-day paragliding festival will be conducted in Yelagiri Hills from September 11 to 13, 2009. In spite of paragliding there is also trekking, rock climbing and biking.

Participants have to trek at least one km to reach the top. Each joyride will last for 15 to 20 minutes and the entry fee is Rs.1,000/- per person. There is no age-limit. However, they should not be weak or obese.

For details contact:

Yelagiri Adventure Sports Association
Regd. Off : Tamilnadu Tourism Information Centre,
Kottayur Road (Athanavur Main Road),
Yelagiri Hills – 635 853, Vellore, Taminadu.

Phone : 9840593194, 9442357711, 9444449591, 9444033307.
E-mail : info@yasa.co.in
Website : www.yasa.co.in

Captivity of Mangalorean Catholics by Tippu Sultan


I was Googleing about actress Genelia D’Souza and came to know that she belongs to Mangalorean Catholic and it kindled me to know more about the community. On looking about the community I came to know that Tippu Sultan took siege of Mangalore Fort and took 60000 Mangalorean Catholics as refugees and most of them were forced to convert to Islam or Killed for helping British in Second Anglo-Mysore War. When British defeated and killed Tippu Sultan only less than 9000 survived out of 60000. Where in 21000 women and 9000 men converted to Islam and remaining Killed.

After getting released from captivity the community became very much united and has become so wealthy. Lot of bad things has been removed from history it is good to see from a point. But it is interesting to look into our history. Visit “Captivity of MC’s by Tippu” to know more.

Happy Independance Day


imagesIt is our 62nd Independence Day and I’m proud to be a citizen of this great country. Which country in the world has 31 States, 1618 Languages, 6400 Casts, 6 Religion and 29 Major Festivals but united as one country INDIA.

Literacy Rate during Independence was 12.2% and now it is 70% and this accomplishment has made the world to turn back and look at India.

I take this opportunity to salute all the Freedom Fighters, Freedom Martyrs, Martyrs of Wars, and Martyrs of Terrorism who struggled without any personal desire and has given us such a peaceful place to live.

Wish you all a happy Independence Day… Jai Hind… Vande Matharam…

The Madras Day from Aug 16 – Aug 23


I’m proud to be a Chennaite as I’m born and brought up in this lovely city. I’ve travelled places in my life but I’ve never admired a place other than Chennai. As a proud Chennaite I’m planning to engage myself to celebrate Chennai week on my own. Bout for people who don’t know about the history of Chennai here is a small synopsis…

The founding day of Madras is considered to be August 22, 1639. It was on that day, in that year, that a sliver of land, where Fort. St. George stands today, was transacted by the East India Company.
 
The deal was struck by Francis Day, his ‘dubash’ Beri Thimmappa, and their superior, Andrew Cogan, with the local Nayak rulers. It is believed that this deal was made on August 22, 1639.

Out of the fort, grew settlements. Then the villages around it were brought together. And then, the old and new towns linked up. And then we had the city.

Today, Chennai stands tall for a variety of reasons like Education, healthcare, IT, history, tourism, auto industries, movies etc.

Madras Day celebrates the city.

Madras Day was an idea that three people put together – the city’s famed historian, S. Muthiah, journalist Sashi Nair and publisher Vincent D’ Souza. Today, they have been joined by three others – senior journalist and editor Sushila Ravindranath, entrepreneur and writer-historian V. Sriram and journalist and web site entrepreneur, Revathi R.

Courtesy: TheMadrasDay.In

I’m planning to buy this t-shirt today…

tee2008

Also I’m design and print my own concepts about Chennai… Can you throw your thoughts or share me couple of punch lines about Chennai?