Tag: india

Sign board posted by Indian Army


india

One of the best Photographs of a life time, especially for Indians…

Feel Proud to be an Indian… Born free… Born equal… Celebrate human rights… Be united….

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…

Need info on Hair Transplantation


I’ve been suffering from hair loss right from my childhood. I thought by this time I must be fully bald but fortunately the falling has come down but still I’m sure I’ll be bald one day. So for last 2 years I’ve been collecting information about Hair Transplantation methods available and I’ve met several cosmetologists, dermatologist and other consultants who promise for hair growth.

 

When I was googling about Hair Transplantation and I came across this answer for a question posted by someone. I’m not sure about the authenticity about the post. So if anyone of you have experienced personally or thru friends / acquaintance please share your thoughts here.

 

This is what I read in Yahoo answers.

 

Well Amit I’m Krish from Delhi. I have been through this surgery thrice. Regarding your question, I would like to say something & then help u.

 

I’ll write u straight forward- see hair transplant what u r concerned of right now is a very hard job, well doctors say not much. But still you have to bear a lot of pain during the surgery & even after that. But the good part – your head bandage will be opened by the next day or according to the doctor, also you will be paying a quite a lot of money. But that’s upto you.

 

The most bad part is what I’m suffering right know is what you will have to bear after the surgery – i.e. you will see some marks remaining on the area where the transplant is done, it looks rash like something, even same marks will remain in back of your head from where hair is taken to get transplanted to the area where you are willing to do.

 

The worst part is: when rest of your hair falls one day and when you get old transplanted hair will remain, just think of the scenario – the rash kind marks discussed above could be seen. Even if you want to get your head shaved (ganja). You will not be able to do it because of the transplanted marks which will be exposed and your entire friend’s circle or any one can pass comments, bad comments at you, even you would feel embarrassed when you stand in front of a mirror. So my suggestion would be “keep it normal” because I am suffering from all these problems & you are also likely to be suffering from those problems my friend.

Insights about New Pension Scheme (NPS)


India has come a long way from being considered conservative to moderate type of a country. Though it takes time for things to materialize here we can be sure it happens one day and one such example is the arrival of New Pension Scheme.

 

Let me point out some information I gathered about this plan.

 

  • Concept of NPS was initiated in the year 1993 and it has finally come true during May 01, 2009. It took 16 years to come into existence.
  • Old plan is termed as defined benefit plan where we know what the return we will get. Where as in the New Plan it is called defined contribution and the return is based on how well the fund performs.
  • The system has a simple framework;
    • There are designated Point of Presence (POPs) at this point these are mostly banks. These POPs will be the frond end where we can get the account opening procedures.
    • All records will be managed by National Security Depository Limited (NSDL).
    • Pension Fund Regulatory and Development Authority (PFRDA) has appointed six entities which will manage the funds (Fund Managers). At present six fund managers are State Bank of India, UTI, ICICI Prudential, Kotak Mahindra, IDFC and Reliance.
  • Fund types vary from equity, government securities and bonds.
  • Investment management fee is as low as 0.009 percent per annum.
  • Anyone between the age group of 18 – 55 can join the scheme.
  • After opening the account we will be given Permanent Retirement Account Number (PRAN) along with telephone and internet passwords.
  • No ceiling on investment but the minimum amount to be invested is Rs.500/- per month or Rs.6000/- per annum.
  • If we fail to invest the minimum amount we have to pay a penalty of Rs.100/- to reactivate the account.
  • Money we deposited cannot be withdrawn until we become 60 years old. Also after 60 years we can withdraw only 60 percent and the balance must be used to buy an annuity.
  • Gains from NPS are taxable.

Like wise this scheme has many advantages and disadvantages and by time those glitches will also be fixed. Things that prompt me to invest in this scheme are;

 

  • Government regulators have always safe guarded the interest of public.
  • Since this is a social security underperformance or corruption will become an election issue and government will not entertain any mess-ups with this scheme.
  • Power of Indian population will play economies of scale and hence this fund will not fall short of liquidity.
  • Any government backed entity will raise people’s confidence. Examples: LIC, Bank Savings etc.

So, these are some points I collected about NPS and reasons why I’ll invest in it. If I missed some point please be generous enough to post them as comment.

Is LTTE’s defeat good or bad?


I first came to know about LTTE from Sri Lankan refugees who were our neighbors… Before getting into the subject let me start by listing things that admire about LTTE

  • I think this long resistance by an organization which has been isolated by most of the countries and fight the army of a country is not a small task…
  • Tremendous leadership skills of V.Prabakaran for creating such a group… Even if he is defeated and killed he has a place in history…
  • Their never say die attitude… There are almost wiped off and still they are fighting till their last breath…

Now coming to the point “What this defeat of LTTE” means to Lanka, India and the world?

First we must know the method opted by LTTE is not right and they deserve this end… LTTE has created a face/image as if they are saviors of Tamil Eelam but there are lots of hidden truths… LTTE in itz early stages has killed many Tamil leaders to gain dominance in the region… So, Tamil’s in the region had no other option other than to join the force to fight for the rights…

I was an infant when Tamil – Sinhalese problems started… But I came across many stories, point of views & perceptions from Tamils and Sinhalese… I personally think Tamil’s in Sri Lanka must take lot of cues from India… Even India had itz own ethnic problem between Hindus & Muslims, Tamils & Kannadigas, Maratis & Biharis but still India copes up with this and still it is progressing…

Second point is where ever it is the minority community must learn to adjust/cope with the majority community (This might sound controversial) but I believe in my statements…

What every the case may be I wish this end of LTTE must bring peace and prosperity to the Sri Lanka… We must not loose an island which is known for its natural beauty and a culture which is fun filled…

Creating Private Limited Company In India


Pre-requisites to incorporate a private limited Company in India by foreign citizens:

Step-1:
i) Obtaining Director Identification Number (DIN-1) for all the Directors of the proposed company.

Documents required – Passport of the applicant containing address of the applicant and passport size photograph.

If all the particulars are given, DIN-1 provisional number can be generated in half a day’s time.

DIN-1 application for foreign citizens require attestation by Notary of the country concerned.

Once the signed copy of physical form attested by notary of foreign country is sent to MCA Office, Noida, it will take a week’s time approx to get the number approved. Once approved by the MCA authority, provisional DIN-1 which has already been generated will be final.

ii) Obtaining Digital Signature for at least one Director of the proposed company.

It requires ID Proof, Address Proof and the applicant’s signature on the application form. It will take 2 to 3 days once the application is received duly filled in all respects.

Step-2:

Making online application to ROC for availability of Name in Form 1A.
The particulars required for making this application are:

-Name of the proposed company
-State in which the registered office of the proposed company will be situated
-Main Objects, in brief
-Names of Subscribers to the Memorandum of Association (it is nothing but, first shareholders of the company, who should sing MOA & AOA)
-Proposed Authorized Share Capital of the Company

This process will take 3 to 5 days approx.

Step-3:
Once the name is approved by ROC, then preparation of MOA, AOA, other forms & documents viz., Form 1, Form 18 & Form 32 along with other documents have to be done and filed with ROC.

Approximately it will take a week’s time to complete incorporation formalities.

Q : How many days we have to wait for this getting Name approval and registering ROC

Ans:- Name approval process will take 3 to 5 days. Entire Registration process will take Minimum 15 to 20 days provided all the information has been furnished promptly.

Q: If the director is registering for first Time can we apply without DIN? Or should we apply for DIN first?

Ans:- Applying for DIN is prerequisite before proceeding for registration of the Company

Q: What is “Subscribers to MOA”?

And:- It is nothing but, first shareholders (also known as promoters) of the Company, who should sign the Memorandum & Articles of Association.

Q: Can registration be done in any part of India?

And:- Place of registered office can be in any part of India. Depending upon place of registered office, registration has to be done in the respective State.

Q: Need details about all the forms

Ans:- These are Statutory forms which have to be filed for registration of the Company.
Form 1 – Contains details of promoters of the Company
Form 18 – About the place of registered office of the Company
Form 32 – About Directors of the Company

Q: Suppose 2 directors are non india citizens can they start the company?

Ans:- There is no objection for non Indian citizens to start a company in India and to act as Directors. But they have to appoint Alternate Directors representing them, to comply with the statutory requirement of convening quarterly Board Meetings and to take day to day decisions to run the company, signing other documents and forms for getting various registrations as applicable to the company. It is recommended to allot atleast 1 share each to 2 Indian citizens to comply with the statutory requirement of convening Annual General Meeting every year & EGM as and when required.

Q: Can we register the company without the directors coming to india?

Ans:-This is possible provided foreign citizens execute power of attorney in favor of Indian citizen attested by Notary/Magistrate in the Foreign Country. Then the authorized person can sign in the Memorandum & Articles of Association on behalf of foreign citizens.
More clarification on this point will be sent soon.

Q: Need more specific Breakup time frames like how long for name checkup, then the time for next process, also define total process involved like submitting forms to different departments etc?

Ans:- Entire incorporation process will take 15 to 20 days appox provided all the information has been provided immediately.

Subsequent to formation of the Company generally the following formalities have to be complied with:
a) Applying for PAN (Permanent Account Number) & TAN (Tax Deduction Account Number)
b) Opening of Bank Account
c) VAT & CST Registration, if applicable
d) Preparation of Common Seal & Share Certificates
e) Appointment of Auditors
f) PF Registration (applicable only if 20 or more employees are there)
g) Professional Tax Registration
h) Other Registrations & Licenses, such as Excise, Customs, STPI as applicable to the company