Today My Venture AAS & Associates has been Completed 2 Years of it's Formation. It is 2nd Foundation Day of My Venture. So, M/s AAS & Associates, Company Secretaries celebrating it's 2nd Anniversary. Happy to share with eChai.

With the pace of time it would be rather easy for a Company incorporated under Companies Act, 2013 (erstwhile Companies Act,1956), to get it listed at BSE-SME. There are few major requirements to be fulfil for this purpose. Financials Post Issue Paid up Capital The post-issue paid up capital of the company shall be at least Rs. 3 crore. Networth Net worth (excluding revaluation reserves) of at least Rs.3 crore as per the latest audited financial results. Net Tangible Assets At least Rs.3 crore as per the latest audited financial results. Track Record Distributable profits in terms of Section 123 of the Companies Act 2013 for at least two years out of immediately preceding three financial years (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 The net worth shall be at least Rs.5 crores. Other Requirements It is mandatory for a company to have a website. It is mandatory for the company to 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. Disclosures A certificate from the applicant company / promoting companies stating the following a) " The Company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR)."  Note: Cases where company is out of BIFR is allowed. b) There is no winding up petition against the company, which has been admitted by the court or a liquidator has not been appointed. Regards~ CS Ashish Khandelwal +91-9462751530

Simplified step wise procedure for registration of your venture as Private Limited Company: 1- Procurement of Digital Signature Certificate(DSC) Digital Signature is primarily mandatory thing to acquire for getting Director Identification Number (DIN) by each proposed Director of your venture. 2- Acquiring of Director Identification Number (DIN) DIN is basically mandatory number to avail for becoming a Director in any Company. It is as important as PAN Number for your business. 3- Name Reservation Third Important step for incorporating any venture is to reserve your venture name with the ministry. The Reserved Name shall have validity of 60 days. 4- Drafting of MOA and AOA MOA is nothing but a document which consist of basic information of your venture. like Your Venture Name, Place of Your Venture, Object of your Venture, Capital involved in your Venture etc. On the other side AOA is bye laws of your corporation. to manage every business, organisation, there must be some rules and regulations. AOA consist the same. 5- Consolidation of other documents Prior to apply for incorporation of any Company, it is important to take all of your documents with you. Other required documents include Copy of PAN Card of all proposed Director along with ID and Address Proof. Utility Bills(Preferably electricity Bill not older than 2 months), MOA and AOA etc. 6- Application for Incorporation of Company You may apply for Registration of your Company within 60 days from the date of reservation of your name. After making application to the ministry, you will get Certificate of Incorporation. for more details you may visit at Ministry of Corporate Affairs Website i.e. www.mca.gov.in. For any query comment below.

To promote growth and help Indian economy, many benefits are being given to entrepreneurs establishing startups. #Simpleprocess Government of India has launched a mobile app and a website for easy registration for startups. Anyone interested in setting up a startup can fill up a simple form on the website and upload certain documents. The entire process is completely online. #Reductionincost The government also provides lists of facilitators of patents and trademarks. They will provide high quality Intellectual Property Right Services including fast examination of patents at lower fees. The government will bear all facilitator fees and the startup will bear only the statutory fees. They will enjoy 80% reduction in cost of filing patents. #EasyaccesstoFunds A 10,000 crore rupees fund is set-up by government to provide funds to the startups as venture capital. The government is also giving guarantee to the lenders to encourage banks and other financial institutions for providing venture capital. #Taxholidayfor3Years Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB). #Applyfortenders Startups can apply for government tenders. They are exempted from the “prior experience/turnover” criteria applicable for normal companies answering to government tenders. #RnDfacilities Seven new Research Parks will be set up to provide facilities to startups in the R&D sector #Notimeconsumingcompliances Various compliances have been simplified for startups to save time and money. Startups shall be allowed to self-certify compliance (through the Startup mobile app) with 9 labour and 3 environment laws (for list of white industries which are eligible under self-compliance – click here” ) #Taxsavingforinvestors People investing their capital gains in the venture funds setup by government will get exemption from capital gains. This will help startups to attract more investors. #Chooseyourinvestor After this plan, the startups will have an option to choose between the VCs, giving them the liberty to choose their investors. #Easyexit In case of exit – A startup can close its business within 90 days from the date of application of winding up #Meetotherentrepreneurs Government has proposed to hold 2 startup fests annually both nationally and internationally to enable the various stakeholders of a startup to meet. This will provide huge networking opportunities.

#Venture Update For any query related your incorporation reach at https://www.facebook.com/aasandassociates We'll be there to help you out.

#Venture Update Hello Everyone. We have now entered into digital platform. We have developed our website www.aasandassociates.com. We are having our accounts/pages at all social media platform, to discuss the various provisions of corporate laws with the one who are having any query regarding their incorporations. visit at www.aasandassociates.com

I am Practicing Company Secretary Professional. I am engaged in Formation and Incorporation of Private/ Public Limited Companies, LLP for entrepreneurs and manage their compliances( Issue, Increase of Share Capital, Drafting of Agreements, Annual Filings, Resolutions, Minutes etc.) required under various laws applicable to them.