Anyone having a procedure regarding the Conversation of LLP into Pvt Ltd Company?Click here to view / answer Share it on
M/s ABC Ltd is a Sugar Factory and also have Distillery unit. Food & Drug Authority (FDA) Maharashtra had issued Drug Licence for Manufacturing Hand Sanitizer. Composition for Each 100 Ml Hand Sanitizer contains - Ethly Alcohol IP - 80% V/V Hydrogen Peroxide IP - 0.125% V/V Glycerol IP - 1.45 % V/V Purified Water - QS Colour - Brilliant Blue & Pink Request you to guide us GST Rate & HSN for Hand SanitizerClick here to view / answer Share it on
Are the requirements of Section 119 for providing digital modes (suggested by aforesaid section) are applicable to an NBFC into lending business even if they are already providing digital modes i.e RTGS/IMPS/NEFT etc ?
As these modes of payment can be provided. Extract of the notification no 105/2019 and circular no 32/2019 dt 30.12.2019 In this regard, new Rule 119AA (Modes of payment for the purpose of Section 269SU) has been inserted in the Income-tax Rules, 1962. Rule119AA provides that the specified person shall provide the facility for accepting payment through following electronic modes, in addition to the facility for other electronic modes of payment, if any, being provided by such person, namely
(i) Debit Card powered by RuPay
(ii) Uni?ed Payments Interface (UPI) (BHIM-UPI); and
(iii) Uni?ed Payments Interface Quick ResponseCode (UPI QR Code) (BHIM-UPI QR Code.
One NGO has promoted 4 Producer company for villagers in different areas of a district and the same NGO now wants to form a Producer Company with those 4 producer company as its members/shareholders at the district level for the reason below 1)The Grants given to the different Producer Company can be monitored well. 2)The procurement and sales of all the 4 Producer Companies can be negotiated well. 3)The Management of companies can be monitored well. Overall it will be easier for the NGO to keep an eye on the working of the company. But as per the provisions of the Producer Companies Act a Producer Company can be formed by 1)Ten or more producers (individuals); or 2)Two or more producer institutions, or 3) a Combination of the above two (10+2). My question is whether 2 or more Producer companies as stated above can be considered as producer institutions and whether they can form a Producer Company.
I have one more question on the same lines. Whether Producer Institutions which does not have PAN Card can become a member/shareholder of a Producer Company?
Please reply to my above query.
Thanks in advance
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