Corpzo Services

Udyam Registration

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Udyam Registration

MSME Udyog Aadhar registration has been replaced by Udyam Registration with effect from 1st of July 2020 as per the notification dated 26th of May 2020.

The Ministry of Micro Small and medium enterprises notified certain criteria for classifying the enterprises as micro, small and medium enterprises and also specified the form and procedure for filing the memorandum, for both new and existing with effect from 1st of July 2020.

Classification of MSME

Micro means

For Manufacturing and service sector both

 

Micro means an enterprise where investment in plant and machinery does not exceed 1 crore and Turnover does not exceed 5 crores.

 

Small Means

For Manufacturing and service sector both

 

Micro means an enterprise where investment in plant and machinery more than Rs.1 crore but does not exceed Rs. 10 Crore  and Turnover does not exceed 50 crore

Category

PTRC / PTEC registration and Returns

Pursuant to the amendments in the 1975 Professional Tax Act, a person (natural/legal) registered under the MGST Act is liable to register for Professional Tax Enrollment Certificate (PT-EC) and pay Rs.2500 annually. Furthermore, if the business has any employee whose monthly salary is above Rs. 7500/- it is also required to obtain Professional Tax Registration Certificate (PT-RC) and pay tax after deducting the same from the salary of the employee as provided for in the law. All taxpayers enrolled in GST have been informed in PTRC / PTEC of their compliance and registration.

Under Section 3(2) of Maharashtra Professional Tax, any person except partnership firms and HUF actively or otherwise engaged under one or other class of law is liable to pay tax to the government of the State. The business entity's professional tax (Private Ltd, Public Ltd, OPO, etc.), as well as the owner or professional tax (sole owner, partner, director, etc.), are permitted under PTEC to pay professional tax.

People who earn wages or salaries are also covered. The employer (government or non-government) is required to deduct professional tax from the employee's salary or wages at prescribed rates and to deposit the same to the respective government of the State. It is the duty of the company to pay tax even though it fails to subtract from the workers' wages or salaries. It is common for a fully operating business organization to perform its business operations.

Category

PASARA Registrations

PSARA License is a prerequisite before any person in India starts a private security company. The Private Security Agency is an entity involved in providing security guards and other related services as an alternative to the police at an establishment. The Private Security Agencies Regulation Act, 2005, popularly known as PSARA, governs the operation of the private security agencies.

After the PSARA (act) is enacted, it is compulsory for a security agency to obtain a license from the State Controlling Authority concerned before starting the business and, in the event of non-compliance, the law provides for severe penal consequences. When the state applies to the competent authority for a license to establish a private security agency. The PSARA License is issued to operate in or for the entire State in one or more districts of a particular State.

No individual or private security agency is permitted under the guidelines of this act to run a business of providing security services to other private business establishments, individuals, or property. The government, therefore, acts as a mechanism for licensing these entities, ensuring that they comply with the provisions of the Act.

In addition, obtaining a license under this act serves as proof that the organization complies with all of the PSARA guidelines and runs in accordance with those regulations. In addition, the entity which holds a PSARA Certificate of Registration is more trustworthy in the eyes of its potential customer.
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Environmental Impact Assessment

Introduction

Environmental Impact Assessment (EIA) is a method of determining the possible environmental effects of a proposed project or development, taking into account both beneficial and adverse socio-economic, cultural and human-health impacts.

United Nation Environmental Program (ENEP) defines the Environmental Impact Assessment (EIA) as a tool used before decision-making to identify the environmental, social and economic impacts of a project. It aims at predicting environmental impacts in project planning and design at an early stage, finding ways and means to reduce adverse impacts, molding projects to suit the local environment and present the predictions and options for decision-making. Use EIA can achieve both environmental and economic benefits, such as reduced cost and time of project implementation and design, avoided cost of treatment/clean-up and impacts of laws and regulations.

The requirement of EIA:

  1. To check the project is as per the environmental law (NGT, Air/water/soil pollution law, etc)

  2. To check the impact of the project on the environment

  3. To check the Environmental permits

  4. To show the project is not impacting the environment

Environmental Impact Assessment Process

EI Assessment involves the step mentioned below:

  1. Screening: The project plan is screened for investment size, location and type of development and where statutory clearance is required for the project.

  2. Scoping: Potential impacts of the project, impact zone, mitigation potential, and monitoring need.

  3. Baseline data collection: The basic data is the study of the environmental area’s status.

  4. Impact prediction: The evaluation agency needs to predict positive and negative, reversible and irreversible and temporary and permanent impacts which presuppose a good understanding of the project.

  5. Mitigation measures and EIA report: The EIA report will provide initiatives and steps to avoid, mitigate or transfer impacts or compensation rates for the possible environmental damage or loss

  6. Public hearing: The public and community organizations residing near the project site will be informed and consulted upon completion of the EIA study.

  7. Decision-making: Impact Assessment Authority and experts work with the project-in-charge to take the final decision, taking into account EIA and EMP (Environmental Management Plan).

  8. Monitoring and implementation of the environmental management plan: control of the different stages of project execution.

  9. Alternative Assessment, Delineation of Mitigation Measures and Environmental Impact Evaluation Report: Potential solutions should be identified for each project, and environmental attributes compared. Alternatives would cover both the site of the project and its process

Once alternatives have been reviewed, a mitigation plan for the selected option should be drawn up and complemented by an Environmental Management Plan (EMP) to guide the proponent towards environmental improvements.

       j.  Risk assessment: The inventory analysis and the probability and index of hazards are also part of EIA procedures.

Benefits of Assessment

  • EIA links environment and development for sustainable and environmentally responsible growth.

  • EIA provides a cost-effective mechanism for eliminating or mitigating negative impacts from construction programs.

  • EIA helps decision-makers to evaluate the environmental effects of construction initiatives long before the development project is implemented.

  • EIA recommends mitigation techniques to be tailored to the growth program.

  • EIA ensures the development plan is environmentally sound and within the boundaries of the ecosystem's capacity for assimilation and regeneration.

G 41, Sector 63,, Noida

09999139391

corpzo212@gmail.com

Sun: Closed, Mon-Fri: 8 am-6 pm, Sat: 10 am-4 pm
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corpzo Ventures Private Limited's website                                                                 

09999139391

In simple word, compliance means following rules and orders applicable on the entity. Every entity is governed under law and order and that entity needs to follow the rule and regulations prescribed by it. Legal and regulatory enforcement must be handled as an integral part of every corporate strategy. The executive board and management must consider the scope and consequences of the company's relevant laws and regulations. They need to set up a compliance management system as a supporting risk management program, as it significantly reduces enforcement risk.

Benefits of following up the compliance

➲ Good Governance

➲ Ease in getting financial support

➲ Reduces organizational and individual risk

➲ Enhances confidence of shareholders and other stakeholders

➲ It helps in adhering to necessary industry and government regulation

Risk of Non-Compliance

➲ Cessation of business

➲ May lead to civil action by authorities

➲ Public embarrassment

➲ Damage to the reputation of the company and its employees

➲ Punitive action resulting in fines against the company/officials

Contact Information:- 
Business Name:- Corpzo Ventures Private Limited

Address :  G 41, Sector 63, Noida
Email :  reach@corpzo.com
Website:- https://www.corpzo.com/
Phone :  +91 9999 139 391
Whatsapp :  +91 9999 139 391
     
Corpzo
 

Corpzo

In simple word, compliance means following rules and orders applicable on the entity. Every entity is governed under law and order and that entity needs to follow the rule and regulations prescribed by it.


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