#pfs lease

[douubles]

2024 is gonna be big. scary. but big

#personal #my bf just got hired at a job. in a different city #so we're moving. like soon #its further from my family than ive ever been. but its gonna pay literally three times what we're making now #we're gonna have to break our lease and im gonna have to find a new job but. holy fuck #im crying im so proud and also scared but fuck dude! this is so big #he literally graduated 2 weeks ago and hes already in the fuckin field. everyone clap for him or I'll blow this whole place up #fuck man. fuck. thats my dude! what a big scary leap we're about to take. what a fucking world. #sorry im rambling. but i havent told abyone we're moving yet and im having a lot pf feelings. thanx if you read this far #merry Christmas. happy new year. life's about to change for us. bring it on then bitch!!!

[maurvishadvisors]

Welcome to MAURVISH ADVISORS LLP!!

Please let us know how we can help you.

We are the best platform for legal registrations & Filings..

Our services are :

GST Registration

Trademark Registration

Food License

ISO Registration

One person company registration

private limited company registration etc.,

IT returns

firm registration

appointment of director

digital signature certification

labour license

startup India /Gem registration

import export code

NSIC registration

Central food License

Copyright Registration

ESIC registration

PF registration

Franchise Agreement

joint venture agreement

lease deed drafting

joint venture deed

GST E-Way Bill… etc.,

Thanks & Regards Maurvish Advisors LLP www.maurvishadvisors.com

CS Heena Aggarwal (Founder) Phone: [phone] ( For Whatsapp or Call ) Email: [email protected]

[edanmaia]

personal rant

benankdkskab my roommates pulled a 2v1 on me and said they were increasing my rent by $400 for the new lease that starts beginning of may.

now i have to find a new place & move right before the end of the semester and do all pf that while doing school and it's the week before finals week so i may be out of a home for finals week... arghhhgh

anyways hopefully i can find a studio apartment 🤞🏼 and its cute ✨

[marisatuito]

Article 96 pf the Family Code

The administration and enjoyment of the community property shall belong to both spouses jointly. In case of disagreement, the husband’s decision shall prevail, subject to recourse to the court by the wife for proper remedy, which must be availed of within five years from the date of the contract implementing such decision.

In the event that one spouse is incapacitated or otherwise unable to participate in the administration of the common properties, the other spouse may assume sole powers of administration. These powers do not include the powers of disposition or encumbrance without authority of the court or the written consent of the spouse. In the absence of such authority or consent, the disposition or encumbrance shall be void. However, the transaction shall be construed as a continuing offer on the part of the consenting spouse and the third person, and may be perfected as a binding contract upon the acceptance by the other spouse or authorization by the court before the offer is withdrawn by either or both offerors.

In the case of Roxas v. CA

Facts:

Petitioner Melanie Roxas, married to Antonio Roxas but they are living separately.

The petitioner discovered that her husband entered into a contract lease with the respondent Antonio M. Cayetano, involving a portion of their conjugal property without her knowledge and consent.

The petitioner filed a case before the RTC praying for the annulment of the contract of lease between the respondent and her husband.

The respondent moved to dismiss the complaint on the sole ground that the complaint states no cause of action.

The RTC Judge resolved said Motion by dismissing petitioner complaint.

Issue: Whether or not, a husband, as the administrator of the conjugal partnership, may legally enter into a contract of lease involving conjugal real property without the knowledge and consent of the wife.

Held: No, although the husband is the administrator of the conjugal partnership, however, administration does not include acts of ownership. The husband can administer the conjugal assets unhampered; he cannot alienate or encumber the conjugal realty. Thus, under Art. 166 of NCC “unless the wife has been declared a non-compos mentis or a spendthrift, or is under civil interdiction or is confined in a leprosarium, the husband cannot alienate or encumber any real property of the conjugal partnership the wife’s consent. If she refuses unreasonably to give her consent, the court may compel her to grant the same.” This rule prevents abuse on the part of the husband, and guarantees the rights of the wife, who is partly responsible for the acquisition of the property, particularly the real property. Contracts entered into by the husband in violation of this prohibition are voidable and subject to annulment at the instance of the aggrieved wife. (Art. 173 of the Civil Code) .

[ebizfilingindia-blog]

What is Due Diligence for Startups in India?

Introduction

Due diligence is an inquiry or audit conducted before a transaction, such as an acquisition, investment, business partnership, or bank loan, to guarantee compliance with financial, legal, and environmental reports in order to register a company in India. The outcomes of all these inquiries and audits will be collected into a Due Diligence report. For startups in India, conducting due diligence about the company is important during the investment stage. To guarantee compliance, we have put together a list of company due diligence requirements for startups in India.

What is Due Diligence for Startups in India?

Due diligence is usually completed by a business before the sale of the company, a private equity investment, the funding of a bank loan, and others. The company’s financial, legal, and compliance issues are usually examined and recorded during the due diligence process. In general, business due diligence is carried out before an investor or acquirer buys an entity or makes an investment in a company. The buyer must obtain the records and data required to do due diligence on the business from the seller of the business or shares.

Due diligence helps the buyer reduce the risks involved in a business purchase deal and make an informed investment decision. Both parties generally sign a non-disclosure agreement before starting the company’s due diligence process because the buyer will get confidential operational, financial, legal, and regulatory data during the process.

What are the types of Due Diligence for Startups in India?

The following are the types of due diligence for startups in India:

1. Due Diligence in Tax Filing

To make sure that a company doesn’t face any unexpected tax obligations down the road, the taxation areas of the business must be closely examined during the due diligence period. The following areas of a company’s taxation need to be looked into:

TDS Return

ITR Submission

Submission of PF Returns and ESI Payment

GST Return Submission

2. Functional Components

It is important to get an in-depth understanding of the company strategy, business operations, and operational information during the due diligence process. All operational elements, including personnel interviews and site visits, need to be carefully examined. The operational aspects evaluation has to address and record the following:

Quantity of Customers

Company Structure

Details about the seller

Services

Details about production

Count of workers

Details of machinery and equipment

3. Complying with the law

This is done in order to evaluate the company’s legal and regulatory risks. At times, the hardest and most time-consuming activity is complying with the law. Compliance with the Ministry of Corporate Affairs is mostly responsible for this. It comprises the following analysis:

AOA and MOA Preparation

Documents relevant to the company’s funding arrangements.

Copies of litigation against the corporation that are pending or have already been filed.

Major contracts, such as the ones seen in partnerships, joint venture agreements, and other agreements.

If any, equipment leases were signed.

The business has signed real estate contracts.

Board meeting minutes for the following three financial years. Every register belongs to the business.

A list of the directors and other influential managers, along with their phone numbers.

4. Due diligence in HR (Human Resources)

Due diligence on the part of HR involves knowing the country’s hiring contract system, labor laws, labor relations, regulatory structures, work culture, and industry norms. In monetary terms, the labor, or human side, of a business has both cost and value.

Checklist for payroll

List of ESOP schedules & HR policies

Contact details for employees and other details

5. Startup Accounting Compliance

Every company is obligated by the Companies Act, 2013 to maintain a book of accounts and complete transaction data. Therefore, it is necessary to audit and verify detailed financial transaction data in comparison to the company’s financial reports. The following are a few things to think about when conducting companies’ financial due diligence:

Validation of a financial statement

Every asset and liability needs to be evaluated and confirmed.

Information about cash flow must be confirmed.

Every financial statement is examined in comparison with transactional data.

“Discover the comprehensive guide on ‘How to Register a Startup Company in India’. Learn about the step-by-step process, legal requirements, benefits, and tips to ensure a smooth registration process for your startup. Empower your entrepreneurial journey today!”

Final Thoughts

This article discusses the essential requirements for Indian startups. To avoid facing legal repercussions, companies, startups, and other business structures must commit to MCA compliance rules. In addition to the previously stated legal requirements, startups also need to file specific event-based legal documents.

#startup india #company registration in India

[mansha-realty]

BPTP DISTRICT PLOTS FARIDABAD

Bptp District Plots are here in Faridabad (sector 75-89). For every land buyer's in Faridabad with the one-time chance to make your residence in Faridabad, merely register for BPTP Plots. BPTP group presents approx. 1500 Acres of town which has Districts Plots, group Housing Societies, Floors in twelve Finest Sectors (Sector 81, 83, 84, 85, 86) of Faridabad. The Bptp Plot is a freehold residence for sale, including 12 sectors best suited for dream homes in Faridabad. You can create any sort of housing space in these bptp plots. The project consists of selling a property like Plots, cluster Housings, Floors, Villas, IT Parks, and commercial shops, etc. National main road No.2 is simply five minutes drive from these Sectors.

Residential property for sale in Faridabad may be utilized both for rental revenue and for the possible appreciation of investment money. As investors of residential plots, you have to put more sophistication and more cash on sale in Faridabad. We are here to give you a lot of investment in housing developments as an influencer on the property in Faridabad. The Project is found at a distance of eleven kilometres from Badarpur Flyover, 4.5 kilometres from the planned metro station, twenty-four kilometre from Nehru Place.

BPTP Districts is especially a project that offers freehold plots of varied sizes starting from 100-180Sq.Yds. at Sector 85 Faridabad simply at the space of ten km from South city at a real economic value. These Plots are on the market in several phase I.e. section - I which incorporates the Blocks A, B, C, D and E at Sector - eighty-five, section - II includes Blocks F, G, H, J, K, L, LM, M and N at Sector -83, 84, eighty-eight and eighty nine - III includes Blocks P, PC, PD, PE, PF, Q, R, S, T, U, V, W, X, Y and Z at Sector - seventy-five, 76, 77, seventy eight and eighty within the size variant of 250 Sq.Yds, 300 Sq.Yds., 350 Sq.Yds. and 500 Sq.Yds

HOW COULD BPTP PLOTS IN FARIDABAD HELP YOU TO GROW IN THE FUTURE?

You must focus on a 5-year strategy for this property while investing in bptp plots. What may be the price of the house after five years? Is it worth buying bptp plot in Faridabad for sale? For every question, all the answers in your head should be obvious. Bptp district plots In the next five years, the residence will expand more. That's our assertion. When do you wonder what the pricing for bptp plots would be five years later? Then let's clarify that in the next five years the price of this property is double since it is a commercial place and all these amenities are within.

PROJECT HIGHLIGHT FOR BPTP DISTRICT PLOTS FOR SALE IN FARIDABAD

Iconic design, unparalleled features, modern conveniences, and a Next-Gen Shopping destination in general.

Direct entry next to the hospital, lake and parks.

Nicely crowded and neighbouring community

Food and beverage parlour

Bays to load and unload are available

Exclusive, privileged membership cards

Dedicated room to the eating on the rooftop and major events

Mixing of ownership and leasing strategy for the world's and India's leading brands

BPTP Districts are that the residential freehold plots obtainable at Neharpar, Greater Faridabad that is approved from the involved department and it's designed and developed per the norms and directions of the govt department. keeping the directions of presidency department in mind the minimum road width isn't but twelve Mtrs. and maximum green and open area are left for the pollution-free atmosphere.

BPTP Districts located not thus far from all the main health institution like Escorts, Asian Hospital, Metro Hospital, Sunflag Hospital, and Sarvodaya Hospital and every one the far-famed academic institutions like Delhi Public school, Shriram Millenium school, Aravali International, modern DPS and lots of additional is located inside the boundaries of BPTP Districts and these all area unit simply at the walking distance from the plots of BPTP District of Faridabad.

These Plots are available in marketing at the lowest price and one will select this for investment or for living because the possession of those plots is handed over and construction goes on from totally different builders in addition as end-users.

In terms of pricing, BPTP District Plots in Faridabad are offered in several categories in step with the budget of the buyers. they're classified below completely different plot size starting from 250 sq. yds. Plots that are available at a price range of between 50 to eighty-five lacs. Then comes 300 sq. yds plots that vary between 55 to ninety lakhs. then 350 sq. yds. Plots that prices between seventy to one.10 large integer and last 400 sq. yd plots that are available between one to one.75 Crore.

FACILITIES AND AMENITIES

Water Lines

Sewer Lines

Street Light

Security

Horticulture/Parks

Roads

Emergency Evacuation Services

Gated Colony

Club house

Fitness Center

Top Reasons To Buy BPTP District Plots in Faridabad

Bptp group has everything, whether you seek a house or investment return. Bptp plots are favourable to all age groups in Faridabad. This beautiful city stimulates house makers' attention and therefore gets demand. New developments will be developed to meet the developers in the city. Proximity and easy access to corporate centres add to the beneficial impact of the market. The existence of superior healthcare and excellent educational institutions further enhances this hope.

About BPTP Projects

MANSHA REALTY is here to give the latest infrastructure and elegance through our BPTP District Plots in Faridabad. The city promises the pleasure of living in a clean and peaceful atmosphere. There should be no compromise on quality, facilities, connectivity, or costs. We'll realize your dream. MANSHA REALTY believes in offering you the most economical living and state-of-the-art equipment at a high quality. Once you have chosen MANSHA REALTY, you will get the chance to live a high-quality and comfy living with all contemporary conveniences. For More Contact Us- 91-9873 18 9990

#bptp #plots for sale #plots

[ebizfiling01]

EPF Registration for a Private Limited Company – A complete guide

Introduction

EPF registration for a Private Limited Company is crucial to ensure the well-being of employees and provide them with comprehensive benefits. This article will guide you through the requirements, eligibility criteria, and the importance of EPF registration for your company.

Registration of a Pvt Ltd Company in India is complete an online process. The simplest and most popular form of Company Registration in India Hence, Incorporating a Private Limited Company is even easier now. Register Pvt Ltd company with Ebizfiling.

Employee Provident Fund (EPF) Registration for a Private Limited Company

The Employee Provident Fund (EPF) serves as a beneficial program for employees, providing financial security after retirement. Both employees and employers contribute to this scheme, and employees can withdraw funds from their EPF account upon retirement. The account comprises the employee's and employer's contributions along with accrued interest. The administration of these accounts is handled by the Employee Provident Fund Organization (EPFO).

Importance of EPF Registration for a Company:

EPF registration offers several benefits for employers as it ensures the proper deduction of TDS from employees' salaries. Additionally, employers can process remittances only after generating challans through the EPFO employer portal. The following points highlight the significance of EPF registration from an employee's perspective:

1. Portability: The Provident Fund account is consistent and transferable, allowing employees to carry it to any other workplace.

2. Financial Assistance: The accumulated PF amount proves useful during times of immediate need, such as for long-term goals like marriage or higher education.

3. Security for Employees and Dependents: The Provident Fund provides coverage for retirement, illness, or death risks that employees and their dependents may face.

4. Employer Contributions: In addition to the employee's 12% EPF contribution, the employer makes an equal contribution, which includes 8.33% to the Employee Pension Scheme.

Eligibility Criteria for EPF Registration:

The EPF scheme mandates the following businesses to register:

1. Companies with 20 or more employees are legally required to deduct EPF.

2. Organizations with fewer than 20 employees may also register under the EPF Scheme under certain conditions.

Employers must obtain EPF registration within one month of employing twenty individuals to avoid penalties. Additionally, if a registered organization's employee strength falls below the minimum threshold, it remains within the scope of the Act.

The Central Government may apply the EPF provisions to any establishment employing fewer than 20 people after providing at least two months' notice for compulsory registration. Employers and the majority of employees can also jointly apply to the Central Provident Fund Commissioner to make the provisions applicable to their establishment.

Documents Required for EPF Registration under EPFO:

To complete the EPF registration process, you will need the following documents:

1. PAN Card of Proprietor/Partner/Director

2. Proof of address, such as the Registered Office's Electricity bill or Telephone Bill (not older than 2 months)

3. Aadhar Card of Proprietor/Partner/Director

4. Shop and Establishment Certificate/GST Certificate/Any Government License issued for the establishment

5. Digital Signature of Proprietor/Partner/Director

6. Entity's Cancelled Cheque or Bank Statement

7. Hired/Rented/Leased Agreement (if applicable)

8. Proof of License issued by Identifier/Licensing Authority

Process for EPF Registration for a Private Limited Company:

Follow these steps to complete the EPF registration process:

1. Visit the E-Sewa website and carefully read the instructions for document upload.

2. Choose the 'Employer Sign in' option and then select the 'New Registration' tab.

3. Read all the instructions and click 'Register' after filling in the required information.

4. Recheck the form before submitting it online.

5. Enter the CAPTCHA displayed on the screen.

6. Select the 'Get Pin' option to receive an OTP on your registered mobile number or email address.

7. Enter the OTP and click 'Submit.'

8. Save the generated PDF, as it needs to be submitted to the EPF office later.

Conclusion

EPF registration for a Private Limited Company is essential to provide employees with financial security and a range of benefits. The EPFO governs this scheme, serving as one of India's largest and most renowned social security organizations. The process of applying for provident fund registration is relatively straightforward, particularly with the assistance of a professional.

#EPF Registration #pvt ltd company registration #EPF Registration Process #EPF

[urbanbayfinancial]

Commercial Vs Residential Real Estate Funding

Is Private Lender for Commercial Real Estate a good option than residential real estate? We all recognize that real estate is a terrific investment option in general, and that both commercial and residential properties may be profitable. Either path can have a significant impact on your market value, although most of the people associate real estate investment with residential real estate. Although this is undoubtedly the most realistic option for the majority of people, commercial real estate can provide extra benefits that the residential structure cannot.

Three main reasons why commercial investments outperform residential investing:

1.) Commercial property provides you with greater access to capital.

In my opinion, raising greater sums of money for a business deal is somewhat easier than raising money for a residential transaction. As a residential investor, your financial options are generally restricted to conventional Commercial Real Estate Lending, hard cash lenders, and private capital from individual investors. When you are not able to generate finance through one of these three methods, you will be compelled to purchase land in a more unique manner through owner financing, according to schemes, lease options, and so on. This is not necessarily a negative thing, but you will have to pass up certain good deals that cannot be obtained through clever financing tactics.

In commercial property, it is more customary for investors to combine their funds and group deals; however, smaller private equity & finance firms are more likely to conduct joint venture initiatives and supply the necessary capital to finish the transaction if the deal makes perfect sense. As a commercial investor, you may be able to raise Commercial Real Estate Funding for a deal from similar sources as residential projects, like conventional loans and hard money, but you may also be able to access capital via smaller privately held equity firms, hedge funds, investment firms, and so on.

Whenever it comes to business negotiations, there appears to be a feeling of mystery and grandeur. Perhaps because of the current status of the commercial market, it looks that investors are gravitating toward commercial ventures.

2.) Commercial Property Is More Affordable

Out of a marketing standpoint, most of the investors target residential real estate owners, making the domestic market more competitive. There are several marketing strategies addressing owners of residential property in many sectors, from industry sources of news, the web, to all the "We Purchase Houses" billboards literally on every street corner. If you apply the same marketing methods outlined above to commercial property, you will most likely discover that you are the sole person approaching these commercial property owners about selling their property. Most of the commercial properties are typically too large for most pf the residential investors while also being very small for most of the institutional investors.

3.) Commercial Property Enables "Forced" Appreciation

Housing units are typically priced according to comparable properties in the region that have sold and have similar qualities. Yet, in commercial property, a property's value is determined by the money it generates.

[haveletfinanceltd]

Long Term Loan and Financing for Solar Panel Manufacturing Plant

The construction of solar power plants globally has been progressing rapidly. This reflects the desire of governments and businesses to reduce dependence on fossil fuels, ensure energy security and environmental sustainability over the long term. Finding low-cost sources of financing for photovoltaic projects is becoming an important challenge for the development of renewable energy sources. Financing for a solar power panel plant using various sources within the framework of individual financial models is more attractive

The benefits of project financing for solar panel plant includes low operational risk, high stability and predictability of payment flows. All this makes PF an ideal instrument for investment lending. On the one hand, photovoltaic systems and solar thermal power plants require high initial investments.

On the other hand, there are virtually no replacement and maintenance costs during the operational phase, which allows for more efficient debt service. Long-term power supply contracts and active government support in many countries make it easier to plan future cash flows.

Havelet Finance Limited can help you find financing for solar panel plant projects on favorable terms. Our team of European experts provides a full range of financial advisory services, including calculating your project parameters, modeling financial performance and finding tailor-made solutions.

Financing options for solar Panel power plants

Financing covers all operational processes for the provision of financial resources necessary for the implementation of the project. The investor’s decision to participate in financing is made taking into account the risk, expected income and liquidity of the assets of a particular project. The profitability of solar power plants mainly depends on a realistic forecast of energy production and the stability of future cash flows in case of deviations from the plan.

Bank loans

The most recognised way to finance a solar panel projects remains a bank loan. This is a debt financing mechanism.

Applying for a bank loan to finance solar panel manufacturing plants, a company can turn to one of the many commercial banks that finance renewable energy projects. If the project meets certain bank parameters, administrative procedures for the borrower are simplified, and financial conditions become much more favorable (lower interest rates). The solar project will receive the planned funds only if it meets the expectations of investors.

Leasing

This is a long-term contract under which the tenant company operates a solar power plant, paying the leasing company an amount that will cover the value of the asset plus interest. This model is usually applied to the financing of small and medium-sized solar power projects. As a rule, it is focused on the duration of payments of at least 8–10 years. In many cases, the parties agree to include in the contract the option of buying the power plant by the lessee, although there are other options after the end of the contract.

Project Financing

The construction of solar panel power plants through project financing refers to the popular structured finance. This model is characterized by the presence of several partners. One of the features of project finance is that a solar power plant is transferred to a legal entity created specifically for a photovoltaic project (Special Purpose Vehicle, SPV).

Financing Solar Panel power plant project: the basics

Funding for any solar project involves planning, building and operating, with the construction phase requiring the highest investment over the life of the project. To make a decision on financing a solar power plant, the initiators must provide a full-fledged technical documentation, which contains rational technological processes, a clearly limited implementation period and the necessary financial and material resources. To implement a photovoltaic project, a legally independent project company (SPV) is usually created, which can enter into loan agreements as a legal entity.

Off-balance sheet financing

The advantage of this structure is that the high share of borrowed capital in the project company will not affect the balance of the sponsors. This allows the implementation of large-scale projects that would otherwise disrupt the financial stability of individual participants. Since participation in financing the construction of a solar power plant can disrupt the financial balance of the initiator company under certain conditions, the “external” effect is considered to a limited extent.

Non-resource finance

In practice, this type of financing is widely used today, since the lender assumes all responsibility for the project, releasing the initiators from it. At the same time, financial institutions are trying to compensate for the increased risk of project failure with higher risk premiums, which makes this financing model less attractive. This project finance model is suitable for photovoltaic projects where the property has a high resale value,

Financial investors

They are interested in getting the most out of the capital invested in the project. Typically, investment companies, insurance companies, pension funds, and venture capital funds act as financial investors. Their strategic role is significantly less than that of the project initiators. However, large projects can often be implemented only with their participation, especially if the project initiators do not have sufficient capital.

Project lenders for Financing Solar Panel Plant

Lenders play an important role in financing solar energy projects as they provide most of the required capital. Leasing companies, development banks, international financing institutions, commercial banks and other financial organizations act as creditors. In the past decades, the most important source of debt capital for the construction of solar power plants has been loans from commercial banks. Many commercial banks offer special financing programs for solar projects.

Financing for solar Panel Power Manufacturing Plants: Our Core services

Havelet Finance Limited offers a wide range of project financing services in the field of construction, operation and solar projects. Our solar power plant project finance services are not limited to financial modeling and professional advice. We are ready to find interested partners for your project in Europe and beyond, using our extensive business contacts in many countries around the world.

We offer a wide range of services for business:

• Project finance services • Financial modeling and consulting. • Loan guarantees and much more.

We support the financing of large projects develop advanced financial models for our clients and offer professional advisory services.

Websites:http://www.havelet-finance.com/ Email:[email protected]

#Solar Energy #Solar #Solar Power #Solar financing #Solar panel #Renewable Energy #Havelet Finance Limited

[zambianobserver]

Zamtel denies engaging in gentleman’s agreements with Lusambo to deduct rentals from cost of repairs

Zamtel denies engaging in gentleman’s agreements By Mwaka NdawaZAMBIA Telecommunications Company (ZAMTEL) says it does not engage in gentleman’s agreements as portrayed by former Kabushi PF member of parliament Bowman Lusambo. Zamtel states that Lusambo did not follow its proper procedure for leasing property, but instead used his position as then provincial minister, to bulldoze his way into…

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[happilycertaindreamer-blog]

Commercial lease, 3 Elegant spacious offices in Doral around 2,200 square feet and more. This great deal includes; an elegant waiting room, Wi-Fi, kitchen, GYM, parking and Lobby and utilities. Usage of the warehouse for SOME placement of SOME products can be negotiable. This amazing location is situated in a desired industrial area. Commuter-friendly and within a five-minute drive of Palmetto Expressway, and Turnpike interchange, providing access to all pf South Florida. Location is within a five minutes drive of various retail options and entertainment destinations, such as Publix, Downtown Doral, Doral City Center, and restaurants, etc.

#:

[nicequietgirlinclass]

moved into a new apartment on monday, so many issues that i had to start the process pf rescinding my lease by friday (its fuckin CRAZY here and if i think about it too much i scream into a pillow) and find a new place to live, and tomorrow i start my new job at a new school, in this town ive been in for 7 (seven) days.

genuinely please send vibes bc im am working very hard to keep it together and get shit done and theres A Lot Going On

#me #text

[ebizfilingindia-blog]

EPF registration for a Private Limited Company

Introduction

If you're looking to provide the best care and benefits to your employees, registering your company for Employee Provident Fund (EPF) is essential. This blog with help you in knowing all the requirements for EPF registration for a Private Limited Company, including eligibility criteria, document requirements, and understanding the significance of EPF for your private limited company.

EPF registration

Registration for the Employee Provident Fund (EPF) is crucial for private limited companies to provide financial security to their employees after retirement. The program is funded by both employees and employers, and the employees have the right to withdraw the funds in their EPF account upon retirement. The account includes contributions and interest from both parties. The program benefits employees in both commercial and public sectors, and the administration is handled by the Employee Provident Fund Organization (EPFO).

Importance of EPF registration

Here are some importance of EPF registration for a Company:

EPF registration is essential for employers to deduct TDS from employees' salaries and process remittances only after generating challans via the EPFO employer portal.

Provident Fund account is consistent and transferable to any other workplace, making it a valuable long-term asset for employees.

Employees can access the accumulated PF amount for immediate financial needs, such as marriage or higher education.

The primary benefit of the Provident Fund is that it covers the risks that employees and their dependents may face as a result of retirement, illness, or death.

Employers make an equal contribution of 8.33% to the Employee Pension Scheme, in addition to the employee's 12% EPF contribution.

Documents required for EPF Registration under EPFO  

The following documents that are required for EPF registration under EPFO:

Proprietor/Partner/Director PAN Card

Proof of address, such as the Registered Office’s Electricity bill, or Telephone Bill (not older than 2 months).

Proprietor/Partner/Director Aadhar Card

Shop and Establishment Certificate/GST Certificate/Any Government License issued for the establishment

The Proprietor/Partner/Digital Director’s Signature

Entity’s Cancelled Cheque or Bank Statement

If applicable, the Hired/Rented/Leased Agreement.

The Identifier/Licensing Authority issues License Proof

Eligibility Criteria for EPF Registration

To register for the EPF scheme, the following eligibility criteria must be met:

Companies with 20 or more employees are legally required to deduct EPF from their salaries.

Under specific conditions, organizations with less than 20 employees can also register themselves under the EPF scheme.

Employers must obtain EPF registration within one month of hiring 20 employees or face a penalty. If a registered organization's employee strength falls below the minimum threshold, it remains within the scope of the Act.

After providing a minimum of two months' notice for compulsory registration, the Central Government may apply the provisions to any establishment employing fewer than 20 people. Employers and the majority of employees can make their own application to the Central Provident Fund (PF) Commissioner if they agree that the provisions of this act should apply to the establishment. 

Process for EPF Registration for a Private Limited Company

Go to the E-Sewa website.

Carefully read the instructions on how to upload documents.

Click on the ‘Employer Sign in’ option.

Select the ‘New Registration’ tab.

Read all the instructions provided and then click on ‘Register.’

Fill in all the necessary information.

Re-check the form before submitting it online.

Enter the CAPTCHA code displayed on the screen.

Click on the ‘Get Pin’ option.

An OTP will be sent to your registered mobile number or email address.

Enter the OTP and press the ‘Submit’ button.

Save the PDF for later submission to the EPF office.

Bottom line

The Employee Provident Fund scheme provides a great source of financial support, safety, and assurance for employees, and it is governed by the EPFO, one of India’s largest social security organizations. The EPFO handles a large volume of financial transactions daily. Applying for the Provident Fund is a simple process, especially if you seek the assistance of a professional.