Shruti

According to the Real Estate Regulation and Development Act, 2016, an Occupancy Certificate is defined as “the certificate, or such other certificate by whatever name called, issued by the competent authority permitting occupation of any building, as provided under local laws, which has provision for civic infrastructures such as water, sanitation and electricity.” An OC is a legal document that authorizes the construction of the building in the eyes of the law. It certifies that the building plan is in accordance with the construction laws approved by the concerned authorities, and the place is fit to be occupied by people. An OC is issued by the local civic bodies of the relevant area. Without an Occupancy Certificate, a builder cannot guarantee basic civil amenities, and there is a high chance that the building is illegally formed, or is qualified under the category of land under construction. Occupancy Certificate and Completion Certificate Completion Certificate: On conclusion of the construction, the developer or the landlord of the premises has to appeal for a Completion Certificate to the local municipal officials. If the developed building suits as per the declared norms, the qualified officer will issue a copy of the completion certificate. Occupancy Certificate: Once the applicant acquires the Completion Certificate, they have to further apply for an Occupation Certificate from the local municipal officials. Occupancy certificate certifies that the building has complied with all the essential building rules and regulations. This certificate is distributed by the local municipal corporation officer or by the department of urban local bodies that provide no objection to the buildings as per the prescribed laws. An Occupancy Certificate is granted if the construction has been completed in all phases. What is the Importance of an Occupancy Certificate? The Occupancy Certificate is a necessary legal document to authorize the safety of the building. Obtaining an Occupancy Certificate is important before moving into a place to eliminate the risk of lawful eviction and demolition. Without an OC, the municipal corporation does not supply the house with water, electricity, and sanitation connections. The building must also be deemed as ‘not a fire hazard’ to prevent any disasters in the future. The OC is also required while availing loans from banks or other financial organizations. Most importantly, one cannot resell the property at a good price without having an occupancy certificate first. Therefore, one must ensure you have an Occupancy Certificate before legally stating the property is your own. Eligibility Criteria The person applying for the occupancy certificate should have already completed the building construction under the regulations or provisions of the Development plan in the state of Gujarat. Documents Required No objection certificate from the Local Municipal Corporation/Council/Nagar Panchayat concerning land use as per Master/Zonal Plan, if applicable. No objection certificate from the Inspector of Factories in case of industrial Constructions as well as from the Pollution Control Board. No objection certificate should be acquired from the Controller of Explosives and Chief Fire Officer in case of hazardous buildings. Indemnity Bond in case of the proposal for the construction of a basement. NOC from the adjacent properties/ plots/roads for construction of basement from the concerned authority. Photographs of building and site showing dustbin, trees and Rainwater Harvesting. The Roadside drain along with the Road is to be constructed at the cost of the builder connecting the main outlet of the area. Clearance from Gujarat Ground Water Control & Regulation Authority to be obtained for boring for extraction of water. For building above seven-storied, Party shall submit detail structural design for proof checking by SDRP at least a month before the start of construction. Form No. 27 to be provided by the applicant and Registered Technical Personnel jointly for Occupancy Certificate. Online Application Procedure for Occupancy Certificate Step 1: Please visit the official portal homepage of the Single Window Facilitation for investors portal of Rajasthan. Step 2:  Click on ‘Login’ button to proceed further with User Name and Password and the Captcha code displayed on the page. Click on ‘Login’ button to log in to the portal. Step 3: once you logged in into the website with details, you can view a dashboard on your page where you will notice a status summary of your application. For new users will be visible as NIL as they have not applied any requests in the portal. Step 4: Once the user logged in to the portal, He / She needs to go to Create Project to Add the Project. After clicking on Add Project, there will be five areas where the applicant must fill up the required information. Step 5: Then the First tab is Applicant Details, where the user must enter the user details like first, middle and last name along with designation, mobile number and email Id and click on save and next button. Step 6: The user will direct to the page company details like name of enterprise and Company Address, PAN card No, Company type, date of incorporation, etc. and click on save and next button to proceed to Project Details. Step 7: The user will go to Project Details like Name of Project, proposed work, project Address as shown Step 8: After adding Applicant, Company & Project details, enter Investment Details of Land, Plant & Machinery and Equipment along with registration number. Step 9: The user will select yes/no for several queries. For Building Permission Application, they have to choose Yes, from ULB on Do you need Building plan approval question and will get the application to their project request list. Step 10: The user once gets the message as ‘Your request has been saved successfully’, Click on the ok button which will be redirected to ‘Project Request List’. Step 11: The User will go to List of Approvals, in that under List of Pre-Establishment Approvals there is the application for Building Permission Application under Department Name Urban Development Department. Step 12: The User will select Authority and fill up the next tab details. Step 13: The User will then enter ‘Development Parameter’ like Permission Type, Development Area, Special Control Area, etc. Step 14:

The State Bank of India (SBI), considered as a banking and financial powerhouse offers a wide range of netbanking services, such as funds transferring, opening bank and FD accounts, availing loans and credit cards, etc. Additionally, it offers various other services that include passbook printing, checking account balance, demand draft preparation, cheque-book applications and much more. How to Reset Login SBI Password? When you have forgotten your SBI net banking login password, or you want to change the net banking password for security reasons, you can do it through the following three ways:  By visiting the bank branch Using the profile password Using details of ATM card How do I Change the Online SBI Login Password? Step 1: Visit the SBI Online website. Step 2: Click ‘Login’ under ‘Personal Banking’ section. Step 3: Click on the ‘Continue to Login’ button. Step 4: In the login screen, click ‘Forgot Username/ Login Password’. Step 5: A pop-up window will appear with a dropdown menu. Select the ‘Forgot My Login Password’ option and click ‘Next’. Step 6: In the following screen, provide details such as username, account number, date of birth, mobile number, country, and captcha code and click ‘Submit’. Step 7: An OTP will be sent to your registered mobile number. Enter this OTP on the screen and click ‘Confirm’. Step 8: You will be redirected to a page where you can reset the password. Select either ‘Using ATM Card Details’ or ‘Using Profile Password’ option and click ‘Submit’. Step 9: On the next screen, enter the required details, i.e. either your ATM card details or profile password, and click ‘Confirm’. Step 10: You will get the reference number along with a link below to return to the retail portal. Click on the link. How to Reset the Profile Password Through an ATM Debit Card? Step 1: Visit the SBI Online website. Step 2: Click ‘Login’ under ‘Personal Banking’ section. Step 3: Click on the ‘Continue to Login’ button. Step 4: In the login screen, click ‘Forgot Username/ Login Password’. Step 5: A pop-up window will appear with a dropdown menu. Select the ‘Forgot My Login Password’ option and click ‘Next’. Step 6: In the following screen, provide details such as username, account number, date of birth, mobile number, country, and captcha code and click ‘Submit’. Step 7: An OTP will be sent to your registered mobile number. Enter this OTP on the screen and click ‘Confirm’. Step 8: You will be redirected to a page where you can reset the password. Select ‘Using ATM Card Details’ and click ‘Submit’. Step 9: On the next screen, enter the your ATM card details and click ‘Confirm’. Step 10: You will get the reference number along with a link below to return to the retail portal. Click on the link. Step 11: Enter the new password and click ‘Submit’. You can login to SBI Netbanking by entering the new password. How Can I Reset My SBI Net Banking Password Without OTP? You can change your SBI net banking password offline or without an OTP by visiting the SBI bank branch, filling out the SBI internet banking password reset application, and submitting it to the bank officials. The bank officials will send you a new password through which you can log in to your SBI net banking account. FAQs What should I do if I forgot my SBI Net Banking User ID? If you forget your SBI Net Banking User ID, you can retrieve it by visiting the SBI Net Banking login page and selecting the “Forgot User ID” option. You will need to provide details such as your account number and registered mobile number to recover the User ID. Is it safe to reset the SBI Net Banking password online? Yes, SBI Net Banking password reset is safe as long as you follow the official SBI website. Ensure you do not share your password or OTP with anyone, and always access the website through secure, private devices.

E-Visa is a system developed with the aim of saving passengers from long-term and tiring bureaucratic procedures, as well as creating an alternative to visas issued at the borders.  Online users can apply for visas online to the countries they wish to visit. Those who are considering applying for a visa can obtain their travel documents if they meet the requirements through the e-visa system. Online visas are issued mainly for touristic purposes. This system is not yet implemented to work permits or student visas.  Eligibility Criteria Recreation travel/Sightseeing Casual travel to meet friends and relatives Medical treatment including the treatment under Indian systems of medicine and business purpose and no other purpose/activity. Attendant to the e-Medical visa holder Business purposes such as attending a conference/workshop/seminar organized by the Ministry of Indian Government, State Governments or UT Administrations etc. The Passport must hold at least 6 months validity from the date of arrival in India. The passport must have 2 blank pages for stamping by the Immigration Officer. The travellers must hold the return ticket or onward journey ticket In case of international traveller who holds the Pakistani Passport or Pakistani origin should apply for the regular Visa at Indian Mission. How to Get an E-Visa / Online Visa? Visa procedures and documents requested vary by country, but the process is generally the same for every country. In order to obtain an online visa, first of all, the country of destination must provide this service. Passengers with valid passports can pay the requested e-visa fee through their credit cards, then print out the document and pass directly through the border.  Many foreign citizens wishing to enter our country without going to any representative office or waiting in line to get approval, can directly apply for an e-visa only with their passport details. After completing the payment procedure, they can get their e-visas.  List of Countries Issuing E-Visas Countries that use the online visa application have been increasing as the years pass by. As of 2018, 25 countries around the world have been using this system:  USA, New Zealand, Armenia, Bahrain, Cambodia, Cape Verde, Gabon, Georgia, India, Kenya, Kuwait, Malaysia, Moldova, Myanmar, Rwanda, São Tomé and Príncipe, Singapore, Saint Kitts and Nevis, Sri Lanka, Turkey, United Arab Emirates, Uganda, Uzbekistan, Zambia and Zimbabwe. Documents Required For e-Business Visa Scanned copy of Passport of the traveller showing the Photograph and Details Proof of Business Card/Visiting card of the travelling person or a letter from the Company stating the purpose of travel. Any invitation letter from the Indian parties that offers to conduct the business (optional) Recent passport-sized photograph For e-Business Visa – Foreign Faculty Visiting India under the Global Initiative for Academic Networks (GIAN) Scanned copy of Passport of the traveller showing the Photograph and Details Invitation letter from the host Institute or University Copy of the course brochure Copy of the sanction letter under GIAN course that is issued by the National Coordinating Institute Copy of outline of the courses to be taken up by the faculty For e-Conference Visa Scanned copy of Passport of the traveller showing the Photograph and Details Invitation from the organizer, which applicant would seek from this organiser. Political clearance certificate from the Ministry of External Affairs Event clearance certificate from the Ministry of Home Affairs For e-Tourist Visa Scanned copy of Passport of the traveller showing the Photograph and Details For e-Medical Visa Scanned copy of traveller’s Passport page showing the Photograph and Details Copy of RecommendationLetter from the concerned Hospital in India on its letterhead with the tentative date on which the admission has been suggested. For e-Medical Attendant Visa Scanned copy of Passport of the traveller showing the Photograph and Details Proof of relationship with the attendant Procedure for Applying e-Visa Step 1: The foreign national applicant has to access the official authorized portal for Visa Application to India. Step 2: Now the applicant will have to click on the “Apply here for e-Visa” link which directs to the e-Visa registration page. Step 3: Here the new e-Visa application will be displayed  Step 4: The applicant needs to enter the following required details on the e-Visa registration listed below: Select Passport Type Select Nationality/Port Of Arrival Enter Date of Birth/Email ID Expected Date of Arrival Select Visa Service Enter the details of the applicant/Passport details Enter the applicant’s address/family details Enter Profession/Occupation details of the applicant Enter details of the Visa sought Provide details of the visiting purpose Previous Visa/Currently valid visa details SAARC Country visit details Mark Yes or No questions Step 5: After entering all the requested details, click on the “save and continue” button. Step 6: The applicant will have to upload the photograph as per the following specifications: Format of the photograph to be in JPEG Size to be of minimum 10kb and maximum of 1mb The minimum dimensions to be of 350 pixels (width) * 350 pixels (height) Recent front faced photo with the white background to be uploaded by the applicant Do not crop the passport image to use it as your recent photograph. Kindly Upload the clear front-facing Step 7: Now, upload all the supporting documents that are mentioned above onto the portal before submitting the application. Then click on the “confirm” button. Step 8: The applicant is requested to verify the particulars that are filled in the application form. Note: In case of any provision of wrong information, the applicant shall face the legal action (including the refusal to enter Indian country or deportation) Step 9: After verification, click on the “verified and continue” button. Step 10: Now, the applicant has to click on the “Pay Now” button to make the requested payment which is payable through the relevant mode. tep 11: Upon making the payment, the applicant will receive an acknowledgement through the registered mobile number and email address for further reference. Step 12: The application id will be required for the status enquiry, e-Visa Printing and payment of visa processing fee. FAQs What is an eVisa for India? The eVisa for India is an electronic visa that allows foreign nationals to travel to India for tourism, business, medical purposes, or conferences. It is a simplified online process that eliminates the need to

The Companies Act, 2013 was introduced to motivate the companies to be on a “Jet Set Go” motto with compliance and transparency being the key. Among the multifarious issues outlined in this act, Related Party Transactions took a turn, and this is a term that has been making all companies edgy about the complexities surrounding it for umpteen years. Related Party Transaction In Corporate Business, a Related Party Transaction (RPT) is a transaction which takes place between two parties holding pre-existing connection or relation prior to the transaction. However, due to this, it will benefit each other ignoring the substantial interest of all the stakeholders. Transactions with related parties need not always be disadvantageous. The concern arises only when there is abuse of a related party transaction on account of conflict of interest and non-arm’s length dealings which are beneficial to a related party but detrimental to other stake holders. Therefore, transparency in such transactions is essential in the interest of stakeholders and good corporate governance. To develop the legal fabric in respect of RPTs, the necessary provisions are enshrined under the Companies Act, 2013 Who is a Related Party? According to Section 2(76) of the Act, ‘related party’, with reference to a company, means A director or his relative, Key Managerial Personnel or his relative, A Firm in which companies director, manager, or relative is partner, A Private Company in which our companies director, manager, or relative is member or director in such private company, Any body corporate whose board of director, managing director, or manger is required act in accordance with the advice, directions or instructions of company’s director or manager, But this condition will not be applicable, where directions are followed in professional capacity Holding, Subsidiary or Associate of such company Any Company which is subsidiary of a holding company to which it is also a subsidiary *Relative – with reference to any person, means any one who is related to another, if-– they are members of Hindu Undivided Family;-they are husband and wife; or-one person is related to the other in such manner as may be prescribed Legal Mechanism for Related Party Transactions Related Transactions are not banned, they are regulated by section -188 of the Act, so that it can be disclosed to the board of directors or shareholders to ratify them. If the transactions are beyond the threshold limits, then it is required to be disclosed in General Meeting for approval by Special Resolution. The Act provides for approval of all transactions with related parties except with respect to transactions with a wholly owned subsidiary. Approval by the Board is necessary if the transaction with a related party is covered under Section 188(1) of the Act but does not exceed the thresholds under Rule 15(3) of the Companies (Meetings of the Board and its Powers) Rules, 2014. However, approval of the shareholders is required in all cases where the transaction exceeds the thresholds referred to above. If the transaction is in the ordinary course of business and on arm’s length basis then approval of the Audit committee will be necessary (under section 177(4)(iv) of the Act) but approval of the Board is not necessary to be obtained. Further, he Act requires disclosure of related party transactions in the Directors’ Report. Specified Contracts between a Company & Related Party which requires shareholder approval:- S. No. Transactions              Threshold Limit 1 Sale, purchase or supply of any goods or materials   Amounting to 10% or more of Turnover of the company or Rs. 100 Crore, Whichever is Lower 2 Selling, buying property of any kind   Amounting to 10% or more of Net worth of the company or Rs. 100 Crore, Whichever is Lower 3 Leasing of property of any kind Amounting to 10% or more of Net worth of the company or 10% or more of turnover of the Company or Rs. 100 Crore, Whichever is Lower 4 Availing or rendering of any services   Amounting to 10% or more of turnover of the company or Rs. 50 Crore, Whichever is Lower 5 Appointment of agent for purchase or sale of goods, materials, services or property   Amounting to 10% or more of turnover of the company or Rs. 100 Crore, Whichever is Lower 6         Appointment to any office or place of profit in the company, associate company, or subsidiary company   Exceeding Rs. 2,50,000/ – per month       7 Underwriting of securities or derivatives thereof, of the company   Exceeding 1% of Net Worth SEBI Governs Related Parties and Related Party Transactions The SEBI Clause 49 also states certain regulatory requirements for related party transactions. It defines a related party transaction as a transaction that includes the transfer of resources/services/obligation. Its scope is of a wider range than the Companies Act 2013. It includes close family members of directors or key managerial personnel, a private company in which directors or key managerial personnel plus their relatives have control or significant influence. Every related party transaction which is material has to be approved by the shareholders by passing a special resolution and all related parties shall not be allowed to vote on such resolutions. FAQs What is a Related Party Transaction (RPT)? A Related Party Transaction (RPT) refers to a transaction between a company and its related parties, such as directors, key managerial personnel (KMP), or their relatives, or entities where these individuals have significant influence or control. These transactions can include the sale or purchase of goods, services, assets, or leasing arrangements. What is Section 188 of the Companies Act, 2013? Section 188 of the Companies Act, 2013 regulates Related Party Transactions (RPTs). It specifies the conditions under which a company can enter into transactions with its related parties. The section outlines requirements for approval and disclosure of such transactions to ensure transparency and prevent misuse of power.