July 3, 2024

Any employee of a private company that provides EPF facilities is eligible to receive an amount as gratuity after completing 5 years of service. However, an employee is also eligible to get the gratuity before five years if he/she gets injured and disabled in an accident or due to a disease. G All gratuity payments are controlled by the laws laid down under the Payment of Gratuity Act 1972. The amount depends on the last drawn salary and the years of service served to the company. What is Gratuity? Gratuity refers to the amount that an employer pays his employee, in return for services offered by him to the company. However, only those employees who have been employed by the company for five years or more are given the gratuity amount. It is governed by the Payment of Gratuity Act, 1972. The employee can get the gratuity before five years if he/she gets disabled in an accident or due to a disease. Gratuity mainly depends on your last drawn salary and the years of service which are rendered to the Company. Gratuity Calculation Formula G = n*b*15/26 In the formula, the values are the following. N/n The number of years you have worked in the concerned organisation B/b Last drawn basic salary plus Dearness Allowance (DA) G Gratuity amount you are eligible for For example, if individual A has worked with an organisation for 5 years, and your basic salary plus DA amounted to Rs. 30,000 every month, you are eligible to receive 5*30000*15/26 = Rs. 86,538.46 as gratuity. Note that under the existing laws – Your gratuity cannot exceed Rs. 10 Lakh in its entirety. Any amount beyond this upper limit is called ex gratia payment. Also, if you have worked for, say 17 years and 6 months, the figure will be rounded off to the nearest single digit or 18 years. What are the Eligibility Criteria for Payment of Gratuity? You should be eligible for superannuation. You should have retired from service. You should have resigned after continuous employment of five years with the company. In case of your death the gratuity is paid to the nominee, or to you on disablement on account of a sickness or an accident. How can a Gratuity Calculator Help You? Under the Payment of Gratuity Act of 1972, you are eligible to receive the gratuity amount provided – You are near the age of superannuation. You have completed 5 years of work in the same organisation continuously. You do not have any other full-time employer. In such cases, a gratuity calculator online in India is useful because – It helps you ascertain the precise amount due to you. It saves you valuable time and other resources. You can use it from the comfort of your home. It helps you in long-term financial planning. FAQs I have worked for 16 years and 4 months. How many years’ worth of Gratuity will I receive? The laws are framed to round off the total employment period to the nearest full year. In your case, gratuity will be calculated for 16 years. It would be 17 years if you had worked for 2 more months. Can I also calculate ex gratia payment using this calculator? Yes. Anything above Rs 10 Lakh is automatically calculated as your ex gratia payment.

Possession certificate is an important document that the developer has to provide to the buyer stating the date of possession. You can also use this certificate to get a loan from the bank. Also, remember that if you are purchasing a property, the erstwhile owner has to produce the certificate to you. You can include your property in land revenue records through this certificate. Benefits of Obtaining Land Possession Certificate For buying and selling agriculture land on a regular basis or occasional basis, these documents have to be produced. Possession certificate is mandatory for obtaining the loan on the movable or immovable property. This ownership certificate is saving the owner from fraud and misappropriation. Possession Certificate is protecting the owner from other litigation. In case of property tax is not paid, Possession Certificate needs to be produced with the concerned officer for updating the land tax records. Documents Required Copy of application form Ration card Sale deed and registered lease agreement copy Encumbrance certificate (Form 15) Income certificate Passport-size photograph Applicable Fee Land Possession Certificate (LPC) service does not require any payment for processing. The user has to pay a service charge to the concerned office. S.No    Service Service Charge 1. Land possession Certificate for Citizen of APL Rs.10 2. Land possession Certificate for Citizen of BPL Nil Certificate Processing Time In Bihar, the land possession certificate will be issued within 10 to 15 days from the date of application. Concerned Authority Bihar citizens can submit the application forms relating to land possession certificate services at the nearest Anchaladhikari office or Right to Public Service (RTPS) office in the state. How to Apply for Possession Certificate in Bihar Step 1: You can visit the concerned Anchaladhikari office or Right to Public Service (RTPS) office. Step 2: You can get your application form for possession certificate from these offices. Step 3: Alternatively, you can download the form from the Revenue and Land Reforms, Government of Bihar website (http://lrc.bih.nic.in/) Step 4: Fill in the application form with the required details. Step 5: Attach all the required documents and submit the form to the concerned office. Step 6: You will receive an acknowledgement receipt along with an application number upon verification, which you can use to check your application status. FAQs What is a Bihar Land Possession Certificate? Bihar Land Possession Certificate is an official document that proves the possession of a particular piece of land by an individual or entity. It is issued by the Bihar government. Why do I need a Land Possession Certificate? Prove ownership or possession of land. Apply for loans or subsidies. Settle legal disputes related to land. Carry out land transactions like selling or leasing.

the EWB is the short form for Electronic Way Bill or E-way Bill. The government of India’s EWay Bill login portal, available at https://ewaybillgst.gov.in, is a website created to facilitate the flow of commodities throughout the nation. For companies that are subject to the Goods and Services Tax (GST) system, particularly those that ship items valued at more than ₹50,000 (within or beyond the state), EWB is an essential  Businesses can save time and effort by using the EWay Bill login interface instead of more conventional paper-based processes. Additionally, it lessens the possibility of tax avoidance in the shipping of goods and encourages openness. What is the EWay Bill login portal? The official government website or gateway for creating, managing, and cancelling EWBs is ewaybillgst.gov.in. This is a standard web interface that all transporters and taxpayers in India can utilise to create EWBs.  The portal used to operate on ewaybill.nic.in. After that, the GST Council gave the order to redirect the same to the new ewaybillgst.gov.in platform. NIC is in charge of maintaining this portal. SMS eWay bill Generation Mobile e-way bill is a simple SMS based waybill generation facility using any cell phone. This type of e-way bill generation is usually carried out by small taxpayers who might not be equipped with a computer and internet connectoin. SMS e-way bill generation is ideal for entities with limited transactions, as it would be prudent to use other methods in case of higher volume. SMS e-way bill generation facility can also be used by taxpayers in case o emergencies such as during the night or while involved in travelling in a vehicle. 3 major activities related to e-way bill operation through SMS mode are as follows: Generate the e-way bill Update the vehicle details Cancellation of the e-way bill Gst E-way Bill Processing on Mobile Phones The GST e-way bill is an electronic document that monitors all interstate product transportation. All vendors and carriers of the items must have a GST E-way bill. The enrolled individual has access to several methods for creating the GST e-way bill, the E-Way Bill website, the Goods and Services Tax Suvidha Provider, an Android app, and SMS. The Ministry of Finance developed the SMS service primarily for the benefit of small taxpayers who struggle to establish technical equipment. This post examines how to generate an e-way bill via SMS. However, please note that the generation of GST e-way bill is easy but a one-time password (OTP) verification might be applicable. You are requested to use the OTP within the given time limit, failing which a new OTP shall be generated. How to Make an E-Way Bill by SMS? SMS eWay Bill is easy if you know the procedure. However, you need to follow the process in a step-by-step approach. At the same time, experts reveal that you must be a little tech-savvy to continue with the procedure that needs to be followed as per the New GST Registration process. SMS eWay bill Generation The request is in the following SMS format:  Date of EWBL. Send it to 7738299899.  Example: On December 6, 2023, Mr. ANIL  of Bangalore, Karnataka, requests a list of the eway invoices that other parties generated about him. Mr. ANIL needs to write in the following draft SMS: “EWBL 12/06/2024.” You must send this SMS to the number “7738299899.” If there are no mistakes, the GSTIN immediately receives the following message as a response: EWB_NO: – supply From: -To: – for HSN: – of Value: – ; EWB_NO: – supply From: -To: – for HSN: – of Value: – ; EWB_NO: – supply From: -To: – for HSN: – of Value: – . and so on… up to 10 numbers Activating the SMS E-Way Bill Generator Online The taxpayers must first enrol their mobile number on the GST e-way bill login before they may begin to interact. Only mobile numbers listed on the website for a specific GSTIN: https://www.gst.gov.in/ are enabled by the system and are responsive. Step 1: Log in to the Portal To access the e-way bill login, the Taxpayer or the carrier must access it and log in using their details. Step 2: Register a Mobile Number Follow the instructions below to enable SMS eWay bill generation on mobile. You can print an e-way bill statement through SMS once the mobile phone has been validated and enrolled. FAQs How do I generate my EWAY bill from my phone? Using the browser on your phone, go to the mobile-friendly EWay Bill website (https://ewaybillgst.gov.in) and log in with your GSTIN credentials. This is the first choice. The website needs to be mobile-friendly. Alternatively, you can send the message EWBL Date to 7738299899 via SMS if you’ve registered your mobile number for SMS EWay Bill production on the EWay Bill portal (needs prior computer access). Replace Date with the actual date of goods movement in DD/MM/YYYY format. An SMS including the QR code and EWay Bill number will be sent to you as a confirmation. Is there any mobile app for the e-way bill? Both registered taxpayers and transporters can sign up for the e-way billing service using the GEN GST E-WayBill android app. Users may create, import/export, cancel, print, auto-filter, and reject e-way bills all with this one mobile app.

A group of people come together to form a company to achieve a specific purpose. A company is usually established to earn profits and is commercial in nature. An application must be filed with the Registrar of Companies (ROC) along with certain documents to register a company. One crucial document required to be submitted to the ROC while applying for registration is the company’s Memorandum of Association (MoA). A Memorandum of Association (MOA) in company law is considered the Constitution or Charter of an incorporated company, as it contains all its basic legal details like name, registered address, business objective, liability, and subscription. The entire document is drafted in a specific format on a stamp paper of appropriate value, later stamped and notarised by a public notary. Adhering to the format of MOA is extremely crucial to maintain its legal validity and ensure successful registration with the Registrar of Companies (ROC). What is MoA? An MoA or Memorandum of Association in company law is one of the most significant legal draftings of an incorporated company. It is popularly known as its “Constitution” or “Charter” as it contains all its legal and foundational details recorded with the ROC during the company registration process. Primarily these details include the name, registered office address, objective of establishment, liability of the owners, capital of the company, and name of the nominee, if applicable.The Memorandum of Association (MoA) draft is typically drafted by authorized directors of the company on stamp paper and requires the signature of all shareholders for validity. It’s crucial to note that individuals who do not sign the MoA won’t be recognized as shareholders under any circumstances. To ensure legal acceptance, the document must undergo a stamping and notarization process. This involves all shareholders signing the MoA in the presence of a public notary and two witnesses. The notary then affixes a stamp, making the document legally valid. Additionally, a stamp duty, which is determined by the State Government, must be paid to complete the process. A Memorandum of Association (MoA) represents the charter of the company. It is a legal document prepared during a company’s formation and registration process. It defines the company’s relationship with shareholders and specifies the objectives for which the company has been formed. The company can undertake only those activities mentioned in the Memorandum of Association.  As such, the MoA lays down the boundary beyond which the company’s actions cannot go. When the company’s actions are beyond the boundary of the MoA, such actions will be considered ultra vires and thus void. The MoA is a foundation upon which the company is established. The company’s entire structure is written down in a detailed manner in the MoA.   The Memorandum of Association is a public document. Any person can get the MoA of the company by paying the prescribed fees to the ROC. Thus, it helps the shareholders, creditors and any other person dealing with the company to know the basic rights and powers of the company before entering into a contract with it. Also, the contents of the MoA help by the prospective shareholders make the right decision while considering investing in the company. MoA must be signed by at least 2 subscribers in the case of a private limited company and 7 members in the case of a public limited company. Format of Memorandum of Association Section 4(6) of the Companies Act, 2013 (‘Act’) states that the format of an MoA will be as specified in Table A to Table E of Schedule 1 of the Act. Every company needs to select the appropriate format provided in Table A to E depending on its business type. The different formats provided in Act are as follows: Table A – It is applicable to companies with a share capital. Table B – It is applicable to a company limited by guarantee but does not have a share capital. Table C – It is applicable to a company limited by guarantee having a share capital. Table D – It is applicable to an unlimited company but does not have a share capital. Table E – It is applicable to an unlimited company with a share capital. The MoA should be numbered, printed and divided into paragraphs. The subscribers of the company must sign the MoA. Legal Framework & Key Provisions of MOA under the Companies Act Key Sections Detailed Provisions Section 3 A company may be formed for any lawful purpose by the requisite number of shareholders after subscribing their name/s to the Memorandum of Association. Section 4 MOA of a company must include crucial information such as the company’s name, the registered office address, the company’s objectives, the liability clause, and details about its capital structure. Section 7 Outlines the process of drafting, submitting, and registering the MOA with the ROC during the Company Incorporation process Section 13 Section 13 of the Companies Act mentions the process for altering the MOA. Companies may need to amend their MOA due to changes in name, business objectives, alterations in the capital structure, or shifts in the registered office. The section provides a legal framework and processes for such modifications, Significance of MOA in Company Registration & Governance Company Registration: The registration of a company is not possible without a valid and accurately drafted Memorandum of Association. The MOA is one of the documents that is submitted with the application for company registration. When the application reaches the Registrar of Companies, he not only registers the name of the company but also its Memorandum of Association. Company Changes: You cannot alter or change any foundational detail of the company without appropriately altering the MOA. For instance, if you are looking forward to changing the registered office address of the company, the application filed for the same to the ROC will be supported by an altered or modified copy of the MOA consisting of the new registered address. Upon receiving the application, the ROC will not only change the address but also update the MOA registered with it. Enhances Credibility: The MOA of a company registered with the ROC, is a document that can