Tuesday 8 June 2021

Producer Company registration

Producer Company registration 

Understanding the term Producer Company:

A Producer Company maybe refer to as a legally recognized entity of farmers with the objective of improving the standard of living.

Producer Company can be incorporated by 10 or more individuals or 2 or more institutions or it can be a combination of both having business objectives as one of the following:

·   Production

·   Procurement

·   Grading

·   Harvesting

·   Handling

·   Pooling

·   Selling,

·   Marketing

·   or Exporting the primary produce of the Members or import of goods or services for their benefit.

Objectives

The main objective is to facilitate the formation of co-operative businesses in the form of companies.

The objects as given under section 581B can be detailed as follows:

Production, procurement, harvesting, pooling, grading, handling, selling, marketing, exporting of the primary output of the Member(s) or importing of goods or services for their benefits,

provided that the Producer Company may also carry on any of the activities specified under this clause either by itself or through some other institution.

·   Processing including preserving, drying, distilling, brewing, venting, packaging, and canning of the produce of its Member(s)

·   Sale, Manufacture, or supply of machinery, equipments and/ or consumables mainly to only its Members.

·   Rendering consultancy services, technical services, training, research and development and other activities for the promotion of the interests of its Members only.

·   Providing education to its Members and others.

·   Insurance of producers or their primary produce.

·   Transmission, Generation, and distribution of power, revitalization of land and water resources, their use, conservation and communication relatable to primary produce.

·   other activities or ancillary to any of the aforesaid activities

 

Documentation to incorporate a Producer Company

 

1) First and the foremost thing is to Obtain a Digital Signature Certificate DSC in short by all the directors of the Producer Company.

2) After that Director Identification Number (DIN) shall be procured.

3) Once having DIN and DSC, you are required to file Form for reservation of name of the company to the Registrar of Companies (ROC). The name shall include the words "PRODUCER COMPANY" at its end.

4) Once the name is approved, you are required to prepare MOA & AOA of the company

Apart from above few more documents will be required like INC 8 (declaration by professional), Affidavit, utility bill and/or NOC if the premises is rented. The directors shall give their consent to act in the company in form DIR 12 and other details in DIR 8. Once these documents are prepared, one can upload these documents on the website of the ministry.

Thereafter ROC shall after being satisfying itself, shall issue a certificate of incorporation and the company can start its business.

Benefits of Producer Company

The main idea of forming a Producer Company is to create a farmer society in company form and conversion of an co-operative society into an systematic Company, for which, they do certain activities like procurement, pooling, production, harvesting, handling, marketing, grading, selling and/or importing/exporting of the primary producers of all its members.

The benefits of registering a farmer producer company are as follows:

Creditworthiness

Forming a producer company offers a lot of credibility to farmers as if we compared to other unregistered entities of farmers.

Separate legal entity and benefit of limited liability

The producer company provides the benefit of separate legal entities and limited to its members.

Owning a property

A Farmer company has all the rights to buy/sell a property in its own name. It can accept deposits or can also provide loans to its members

Ease in management and registration

Registration as a producer company is a natural process and the company can make changes in the Board of Management through filing some simple forms with the concerned ROC.

Read the detailed article at https://www.trijuris.com/producer-company-registration/  

 

Sole Proprietorship Registration


SoleProprietorship Registration

 What is a Sole Proprietorship? 

It is a popular business form due to its simplicity, ease of setup, and nominal cost. Sole-Proprietorship can be started quickly with minimal registration and compliance with almost no fees or charges involved.

A sole proprietor only need to register his or her name and secure local licenses, and the sole Proprietor is ready for business. A sole proprietorship is started by those entrepreneurs willing to start their commercial enterprise that is less complex as compared to other business structures in India.

Characteristics

1. Ownership: In this type of business unit, a single person owns the entire business, meaning by all the assets belongs to the Sole Proprietor. He bears all the risk associated with his business. Hence, the business can be ended at any point of time whenever the sole Proprietor.

2. No sharing of Profit as well as Loss: Whatever be the income earned from the sole Proprietor, it belongs to him only. He is not required to share it with any other person and Consequently, there is no sharing of profit and losses as may be generated by the business. 

3. Capital: The capital which is required to commence the business or to carry out operations, is brought into the business by the Proprietor himself, ie., through personal mode resources or through borrowing the same from any bank, financial institutions, or form friends and relatives.

4. Unlimited Liability: it is one of the major concerns for a sole proprietorship, the liabilities are unlimited. In case of any loss, the personal property of the Proprietor can be utilized in order to set off the debts.

5. Less Legal Formalities: Legal Formalities requirements for formation, operation and closure of a sole proprietorship business is nil. The business does not require any registration. However, for different benefits/incentives, he can register himself voluntarily and can have a certificate of registration.

6. Control: As there is only one person who is in charge of all the activities, he has full control of the business. Meaning by, the sole Proprietor takes all the decision and executes it, in the manner he like. 

 

Advantages of a sole proprietorship:

The benefits of sole Proprietorship include:

  • Quickly to establish a business ie., instantly, inexpensively and easily.
  • Sole proprietorships do not have many legal formalities to be taken care of.
  • A sole proprietor need not pay tax on himself.

 

Disadvantages of a sole proprietorship:

The disadvantages of a sole proprietorship include:

  • The owner's personal property can be attached in case of any disputes being made or any fraud is done.
  • it is very difficult to raise funds in case of sole proprietorship business.

Documents Required to Registered A Sole Proprietorship

In order to start a Sole Proprietorship business, the following document(s) are required:

  • Identity proof.
  • Address and. 
  • Rent Agreement/sales deed.

What Are The Documents Required For Opening A Current Account?

 

  • Any Proof of the existence of your business.
  • Shops & Establishments Act Registration. (For shop registration read more).
  • Identity proof.
  • Address proof.

What are the Compliances required after registering as a sole proprietor?

·         As a sole proprietor, you must file Income Tax Return annually.

·         Also, you need to submit your GST Return if you are registered under GST.

·         A sole proprietor should also deduct TDS and file TDS return if liable for Tax Audit.

Common Registrations for Proprietorship

Following our the registration which can be procured by the Sole Proprietor in order to establish his identity,

MSME Registration: MSME or Udyog Aadhaar registration can be obtained in the name of the business to develop that the Sole Proprietorship is registered under the Ministry of Micro, Small and Medium Enterprises.

TAN Registration: TAN Registration must be obtained for the Proprietor from the Income Tax department if the Proprietor is making salary payments wherein TDS deduction is required.

GST Registration: GST registration must be obtained if the Proprietor is selling goods or services that cross the GST turnover threshold limit for registration. In most states, GST registration is required for service providers having annual revenue of more than Rs.20 lakhs and in case of traders - yearly revenue of more than Rs.40 lakhs.

Import Export Code: Import Export Code or IE Code can be obtained from the DGFT in the name of the business - in case of a Proprietorship business undertaking export and/or import of goods into India.

FSSAI Registration: In case the Proprietorship is involved in the selling of food products or handling of food products, FSSAI registration must be obtained from the Food Safety and Standard Authority of India in the name of the Proprietor. 

Read process in detail: https://www.trijuris.com/sole-proprietorship-registration/

Saturday 23 February 2019

NOTE ON IMPLICATION FOR NON-FILING OF MSME FORM I



An Article to clarify the doubt about non-filing MSME FORM I

At the outset, I would like to thank you all for giving overwhelming love and support all the time over different platforms. The present article is being written after reading number of articles and opinion from Stave Consultancy, Khaitan & Khaitan and other senior officers like Company Secretaries, Senior Advocates etc., who are having rich experiences in their respective field. I hope you will like this article like earlier ones.

Background:

Central Government has taken a remarkable initiative in order to build the root level of Micro, Small and Medium Enterprises ie., MSME. The step has been taken to further strengthen the MSME sector by helping them to get the capital on times which will definitely going to assist them to grow and sustain in long run. 

As we all knows that Central Government has issued Specified Companies (Furnishing of Information about Payment to Micro and Small Enterprise Suppliers) Order, 2019 (“Order”) on January 22, 2019.

The order has been issued under Section 405 of the Companies Act, 2013 (“CA 2013”) wherein the Central Government has been assigned power to direct companies to furnish information/details and/or records/documents with regard to their or its constitution or working, and within such time, as may be specified in the order.

Further, in the said order, the Central Government has directed all companies who get supplies of goods or services from MSME ie., Micro, Small and Medium Enterprises and whose payment to MSME suppliers exceeds 45 days from the date of Acceptance or date of deemed Acceptance of goods or services to file a half yearly return to Central Government stating the following:

a). the amount of payment due; and
b). reason of the delay.
The aforesaid information is required to be filled and filed in MSME Form 1 within 30 days from the date of the present order ie., 21st of February 2019 and thereafter as follows:

a). For the period April to September – on or before 31st October;
b). For the period October to March – on or before 31st April

The above information you must have read in most of the articles shared on various online portals already. Now, coming to the main objective of the article which is what will happened if I or anyone did not filed the MSME Form I or we can say what will be the implication under the different Acts. Going forward, the implication of non-filing of MSME Form I and not paying outstanding within time as stated under the Act are mentioned in the provisions of the MSME Act and Companies Act 2013. Let’s discussed them in detailed manner:

Consequences for not clearing the outstanding and filing of MSME Form I within the period:

A. Section 405(4) of the CA 2013 provides that in case the Company fails to comply with the order of the Central Government or knowingly furnishes any information or statistics which is incorrect or incomplete in any material respect, the company shall be punishable with fine:
a. which may extend to 25000/- and
b. every officer of the company who is in default, shall be punishable with imprisonment for a term which may extend to 6 months or with fine which shall not be less than 25000/- but which may extend to 3 lakh rupees, or with both.
The aforesaid provision is only applicable in our case if we fails to file the form only ie., MSME Form I within the date as stated in the order. Here, we also need to understand the relevant provisions of Micro, Small and Medium Enterprises Development Act,2006 (“MSMED Act”).

B. Section 15 of the MSMED Act states that where any supplier, supplies any goods or renders any services to any buyer, the buyer shall make payment therefore:
a). on or before the date agreed upon between him and the supplier in writing or,
b). where there is no agreement in this behalf, before the appointed day [Section 2(b)].

It is further provided that in no case the period agreed upon between the supplier and the buyer in writing shall exceed forty-five days from the day of acceptance or the day of deemed acceptance.

Further, Section 16 of the MSMED Act penalise the buyer and provides that in case where he fails to make payment of the amount to the supplier, as required under Section 15, he shall, notwithstanding anything contained in any agreement between the him and the supplier or in any law for the time being in force, be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day or, as the case maybe, from the date immediately following the date agreed upon, at three times of the bank rate notified by the Reserve Bank.

Our Understanding:

Section 15 talks about the payment to be made to the MSME supplier. It provides that payment is to be made within such time as may be agreed between the supplier and the buyer in written ie., a contract or written document  

Or

If not agreed, then it will be taken as on or before appointed date ie,. within 15 days.
However, proviso to this section clears that the time period is restricted to 45 days only this means that it does not matter if you have a period in your contract more than 45 days, you have to clear your outstanding within a period of 45 days.

Further, in the event the Buyer fails to make payment of the amount due to the supplier as provided in Section 15 the company shall be liable to pay compound interest with monthly rests to the supplier at three times of the bank rate notified by the Reserve Bank of India.

The interest shall be applicable after the date mentioned in the agreement or if there is no agreement then 45 (forty-five) days after the supply is complete.

Which provision will prevail?

This question may come to your mind that whether provisions of Companies Act will prevail over the provision of MSMED Act.

It is to clarify that aforesaid order issued by Central Government only states about filing of Form MSME 1 and disrespecting the same will held you liable under Section 405 of the Companies Act.

Further, Section 15 of the MSMED Act provides that payment should be made within time otherwise provisions of Section 16 will apply.

Hence, there is a clear cut understanding about filing and paying and accordingly, provisions of respective Act shall apply.

Other questions are always welcome
Please be in touch at info@trijuris.com 




In view of the above background, related sections of the Acts have been reproduced for your ease of references:

Section 2 (59) of the CA 2013- “officer” “includes any director, manager or key managerial personnel or any person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act”.

Section 2 (b) of MSME Act "Appointed day" means the day following immediately after the expiry of the period of fifteen days from the day of acceptance or the day of deemed acceptance of any goods or any services by a buyer from a supplier.
Explanation.- For the purposes of this clause,-
(i) ''the day of acceptance" means,-
(a) the day of the actual delivery of goods or the rendering of services; or
(b) where any objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services, the day on which• such objection is removed by the supplier;
(ii) ''the day of deemed acceptance" means, where no objection is made in writing by the buyer regarding acceptance of goods or services within fifteen days from the day of the delivery of goods or the rendering of services, the day of the actual delivery of goods or the rendering of services;

Section 2 (d) MSME Act "buyer" means whoever buys any goods or receives any services from a supplier for consideration;

Section 2 (n) MSME Act "supplier" means a micro or small enterprise, which has filed a memorandum with the authority referred to in sub-section (1) of section 8, and includes,-
(i) the National Small Industries Corporation, being a company, registered under the Companies Act, 1956;.
(ii) the Small Industries Development Corporation of a State or a Union territory, by whatever name called, being a company registered under the Companies Act, 1956; 1 of 1956.
(iii) any company, co-operative society, trust or a body, by whatever name called, registered or constituted under any la~ for the time being in force and • engaged in selling goods produced by micro or small enterprises and rendering services which are provided by such enterprises;

Section 7(1) MSME Act Notwithstanding anything contained in section 11 B of the Industries of enterprises. (Development and Regulation) Act, 1951, the Central Government may, for the purposes of this Act, by notification and having regard to the provisions of sub-sections ( 4) and. (5), classify any class or classes of enterprises, whether proprietorship, Hindu undivided family, association of persons, co-operative society, partnership firm, company or undertaking, by whatever name called,-
(a) in the case of the enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951, as- 65 of 1951. as-
(i) a micro enterprise, where the investment in plant and machinery does not exceed twenty-five lakh rupees;
(ii) a small enterprise, where the investment in plant and machinery is more than twenty-five lakh rupees but does not exceed five crore rupees; or
(iii) a medium enterprise, where the investment in plant and machinery is more than five crore rupees but does not exceed ten crore rupees;

Section 7 (b) in the case of the enterprises engaged in providing or rendering of services,
(i) a micro enterprise, where the investment in equipment does not exceed ten lakh rupees;
(ii) a small enterprise, where the investment in equipment is. more than ten lakh rupees but does not exceed two crore rupees; or
(iii) a medium enterprise, where the investment in equipment is more than two crore rupees but does not exceed five crore rupees.
Explanation 1.-For the removal of doubts, it is hereby clarified that in calculating the investment in plant and machinery, the cost of pollution control, research and development.

Read article on registration of MSME at https://www.trijuris.com/msme-registration/ 

Saturday 24 March 2018

ALL YOU NEED TO KNOW ABOUT PAYMENT OF GRATUITY (AMENDMENT) BILL, 2018


Parliament passes the much awaited Payment of Gratuity (Amendment) Bill, 2018 few days back. On Thursday, the Upper House of Parliament i.e., Rajya Sabha passed The Payment of Gratuity Bill 2017 which was introduced by Minister of Labour and Employment on December 18, 2017. It will become law after the signature of our respectable president.

BACKGROUND:

The Payment of Gratuity Act, 1972 was enacted to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments who have rendered a minimum five years of continuous service with the establishment employing ten or more persons.

The calculation of gratuity amount is based on a formula, which is fifteen days of wages for each year of completed service, subject to a ceiling. The present ceiling, as provided under section 4 of the Act is rupees 10 Lakhs which was fixed in the year 2010.

The period of 12 weeks of maximum maternity leave presently provided in section 2A of the Act for the purpose of calculating continuous service under the Act is on the basis of period of maximum maternity leave as provided in the Maternity Benefit Act, 1961.

The maximum maternity leave under the Maternity Benefit Act, 1961 has been enhanced from twelve weeks to twenty-six weeks by the Maternity Benefit (Amendment) Act, 2017. It is therefore proposed to empower the Central Government to enhance the period of existing twelve weeks to such period as may be notified by it.

The provisions contained in the Central Civil Services (Pension) Rules, 1972 for Central Government employees with regard to gratuity are similar to the provisions contained in the Act. After implementation of the 7th Central Pay Commission, the ceiling of gratuity for Central Government employees has been enhanced from rupees 10 Lakhs to rupees 20 Lakhs. In the past, the ceiling amount of gratuity under the Act has followed the Central Pay Commission recommendations.

Therefore, considering the inflation and wage increase even in case of employees engaged in private and public sector, the entitlement of gratuity is also required to be revised for employees who are covered under the Act. It has also been proposed to empower the Central Government to notify the ceiling proposed, instead of amending the said Act, so that the limit can be revised from time to time keeping in view the increase in wage and inflation, and future Pay Commissions.

The Payment of Gratuity (Amendment) Bill, 2017, inter alia, proposes to amend—
(a) section 2A of the Act so as to empower the Central Government to notify the period of maternity leave in case of female employee as deemed to be in continuous service in place of existing twelve weeks;
(b) section 4 of the Act to substitute the words "ten lakh rupees" with the words "such amount as may be notified by the Central Government from time to time".
  
FOLLOWING ARE THE AMENDMENTS PASSED THROUGH THIS BILL

The bill was passed to bring private sector employees at par with their public sector counterparts as far as gratuity ceiling is concerned. In short following amendments were passed by the Govt.

The Payment of Gratuity (Amendment) Bill will increase the ceiling of tax-free gratuity amount from Rs 10 lakh to Rs 20 lakh. Further, this will allow the government to increase the gratuity ceiling from time to time without amending the law. After the implementation of the 7th Central Pay Commission, the ceiling gratuity for Central Government employees has been enhanced from Rs. 10 lakh to Rs. 20 lakh. Seeking to amend the current provision (Section 4) of the Payment of Gratuity Act, 1972, the bill empowers the government to notify the ceiling proposed instead of amending the Act. This amendment was sought so that the limit can be revised from time to time with the increase in wage and inflation and future pay commissions.

Further, another change which is introduced is that the period of maternity leave prescribed as 12 weeks in Section 2A has been amended as 26 weeks to keep the Act in tune with the recently amended Maternity Benefit Act.

CONCLUSION:

It must be considered as a good step for female as well as male employees working in private organisations. Now the government need not to introduce a separate bill for any aforesaid amendments. Women will get more leaves. Hope the above amendments are understandable and will help all of you.

SOURCE:
PIB
Prsindia
Economictimes
Livelaw
Indianexpress
Ndtv

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Contact for any consultancy, advisory on labour laws, for pf withdrawal and other matters 8510058386 or Praveen@csrasu.com

 

Monday 26 February 2018

Finally, e-form under CODS is available for filing purposes on MCA

Dear Learned members,

GOOD NEWS!

Please be informed that e-form under CODS, 2018 scheme is now available for filing purposes.

It can be downloaded from the MCA website using below link:
http://mca.gov.in/MinistryV2/companyformsdownload.html

#CondonationofDelaySchemeCODS2018


Monday 19 February 2018

KEY POINTS TO BE KEPT IN MIND WHILE FILING PETITION/APPLICATION UNDER SECTION 252(1) OR SECTION 252 (3) OF THE COMPANIES ACT, 2013 BEFORE THE NCLT COURT

INTRODUCTION
As we all knows that Central Government notified NCLT Rules, 2016 on 21st of July, 2016 through notification in the official gazette. The provisions specify the professionals i.e., Company Secretaries, Chartered Accountants and Advocates who can practice before the NCLT or NCLAT. As we the Company Secretaries are new to this field, most of us find it difficult to file application or petition for revival of company[1] or any other document or appear before the NCLT as we are not much aware of the procedural aspects of the court. 

Apart from general, an attempt has been made to understand the procedural aspects of filing petition/application before the NCLT. With the experience of NCLT court and after having discussion with the seniors and other members of NCLT court number of times, we, Rasu & Associates having our office at Gurgaon and practising Delhi NCR have enumerated the key points to be kept in mind while going for revival of company before NCLT court.

IMPORTANT DEFINITIONS:

(a). “Applicant” means a petitioner or an appellant or any other person or entity capable of making an application including an interlocutory application or a petition or an appeal under the Act;

(b). “filer” means an authorised representative of that person or any party to the proceedings who files any document with the Tribunal in relation to a case filed under the Act, or any rules thereunder;

(c). “Petition” means a petition or an application or an appeal or a complaint in pursuance of which any proceeding is commenced before the Tribunal;

(d). “Pleadings” means and includes application including interlocutory application, petition, appeal, revision, reply, rejoinder, statement, counter claim, additional statement supplementing the original application and reply statement under these rules and as may be permitted by the Tribunal;

(e). “Reference" means a reference within the meaning of rule 88 of these rules;

SITTING HOURS OF NCLT
The Court remains open on all working day from 9.30 A.M. to 6.00 P.M except on Saturdays, Sundays and other national holidays. However, it is just a myth and the bench may stand up before timings as stated above and may sit after 6 P.M. also. Filing Counter of the Registry remains open on all working days from 10.30 AM to 5.00 P.M. It is on the first floor of the building.

INSTITUTION OF PROCEEDINGS, PETITION, APPEALS ETC- SOME IMPORTANT SUGGESTIONS
  • The petition or appeal or application to be filed before the NCLT shall be in English and in case it is in any other language it shall be accompanied with a copy in English;
  • It shall be on the legal pages, written fairly and should be in legible form;
  • It shall be lithographed or printed in double spacing on one side of standard petition paper;
  • The inner margin shall be about 4 cm, width on top and with a right margin of 2.5. cm, and left margin of 5 cm, duly paginated, indexed and stitched together in paper book form;
  • An Appeal or petition or application shall be divided into paragraphs and shall be numbered consecutively and each paragraph shall contain as nearly as may be, a separate fact or allegation or point;
  • In case fresh parties are brought in, they may be numbered consecutively in the particular category, in which they are brought in;
  • Every proceeding shall state immediately after the cause title the provision of law under which it is preferred;
  • As per the latest filing done by us now 3 (Three) sets of appeal/petition under Section 252 are to be filed before the NCLT and not 2 (Two), please keep this in mind. Apart from that 1 (One) set is to be filed with the RoC that means 5 (Five) sets are to be made 3 for NCLT, 1 for RoC and 1 for your record. The same is also provided under Rule 23 of the NCLT Rules, 2016;
  • All documents accompanied with the appeal or petition shall be certified. True copy stamped on all Annexures;
  • At the foot of every petition or appeal or pleading there shall appear the name and signature of the authorised representative;
  • Once the petition or application is admitted before the NCLT, the court notifies to the parties the date and place of hearing, generally a very short date is provided by the court so keep your eyes on the daily cause list;
  • The Registry shall send a certified copy of final order passed to the parties concerned free of cost, it is to be noted that the order also published over the portal of NCLT and the certified copies may be made available with cost as per Schedule of fees, in all other cases;
  • Appeal or application shall be filed with a statutory fee of 1000/-. Generally it has been seen that as we the Company Secretaries are new to this field are filing the application/petition accompanied with a fees of 2500/-.
NECESSARY DOCUMENTS TO BE ACCOMPANIED WITH THE APPEAL/PETITION UNDER SECTION 252 OF THE COMPANIES ACT, 2013:
  1. Index of the appeal or petition;
  2. Notice of admission;
  3. Brief synopsis;
  4. Important dates and Events;
  5. Petition or application stating the grounds;
  6. Every petition/application shall be verified by an affidavit in Form No. NCLT 6 and it shall be notarised on a stamp paper of 10 rupees;
  7. The authorised representative i.e., Company Secretary, Chartered Accountant or Advocate shall make an appearance through the filing of Vakalatnama or Memorandum of Appearance in Form No. NCLT 12 representing the respective parties to the proceedings, it shall be notarised on a stamp paper of 20/- rupees;
  8. Certified true copy of Extract of resolution in favour of the Authorised Signatory/Authorised Representative;
  9. Power of Attorney is must as suggested by the registry for us, it should be notarised on a stamp paper of 50/- rupees;
  10. Master data of the company procured form MCA portal;
  11. Audited financials of the company filing the application/petition for defaulted period;
  12. Certificate of Incorporation, Memorandum and Article of Association of the company;
  13. Notices of RoC issued to concerned company;
  14. Demand draft of statutory fees;
  15. Any other documents like ITR, VAT, GST return, bank statement or other documents which can prove that company was operational.

These are some of the suggestions which seems very little however, very important. Hope above article will be helpful for all professionals handling court matters or are in employment.
 Praveen Singh
(Associate)
RASU & Associates
0124 - 420 2000

Author can be reached at praveen@csrasu.com. Praveen Singh is associated with RASU & Associate. He is having rich experience in Indirect taxation, corporate, commercial and IPR, labour law and other matters.

RASU & Associate is a firm of Company Secretaries, Advocates and Chartered Accountants. The core areas of the firm’s practice are inter alia Indirect Taxation, Corporate, Commercial & Transactions, Regulatory & Compliance, and Intellectual Property Rights Laws etc. We provide both Advisory as well as Litigation Services in all the above areas. Our brief profile can be seen at the following Internet address www.rasu-cs.com.

Disclaimer: This article includes the NCLT Rules and personal experience. Procedure may change any time, hence you are advice to consult before going NCLT. No advice shall be made to anyone solely on the basis of present article and in no case the author or our firm i.e., Rasu & Associates shall be liable.

Source:
(a). NCLT Rules, 2016
(b). Discussion from members of NCLT, advocates and other senior members;
(c). Our personal experience

[1] We have restricted this article to only filing of application or petition for revival of company.