HOW TO OBTAIN INCOME-TAX EXEMPTION FROM IT DEPARTMENT FOR THE DONATION MADE TO A CHARITABLE TRUST OR SECTION 8 COMPANY.

HOW TO OBTAIN INCOME-TAX EXEMPTION FROM IT DEPARTMENT FOR THE DONATION MADE TO A CHARITABLE TRUST OR SECTION 8 COMPANY.

UNDER THE INCOME TAX ACT, SECTION 80G CAN BE ACCESSED VIA CONTRIBUTION TO RELIEF FUNDS AND CHARITABLE INSTITUTIONS.

1	1.      Claiming 100 percent deduction for donation to a Charitable trust or Section 8 Company
2	2.    Donations with 50 percent deduction.
3	3.     Mode of payment.
4	4.    Taxpayers can claim deduction under Section 80G if Mtheir donation is made through cheque, draft or cash.

 

MODE OF DONATION AND THE QUANTUM OF DONATION TO BE MADE BY CASH.

A deduction can be claimed under section 80G only when the contribution is made to specified funds and institutions either via cheque or cash.

Effective from the assessment year 2018-19, a person can avail a maximum deduction of Rs 2,000 if the donation is made in cash. However, there is no maximum limit on the deduction amount if the payment is made via cheque or digital payment methods. 

WHAT FORMS HAVE TO BE FILED ?

Form 10A & Form 10G for 12A registration and 80G under IT act respectively.

ONLINE REGISTRATION

Online registration mandatory. Please login to income tax portal and online file the form. Time limit is 6 months, for department to Grant registration. File form 10A & 10G simultaneously, so department will summon you for clarification and documentation at a time. 

PROCEDURES TO BE FOLLOWED FOR OBTAINING INCOME-TAX EXEMPTION

1.	Instrument of establishment of Organisation
2.	Trust Deed in case of Trust , MOA in case of Society and MOA & AOA in case of Company
3.	Certificate of Regn / Certificate of Incorporation
4.	Trust Deed/ MOA in vernacular language
5.	Prev years Financial Statments ( for last 3 years )
6.	NOC / Proof of ownership of premises
7.	Bank Account Statement  ( last 3 years , each account)
8.	PAN Card of Organisation and members/trustees of Org/Co./Trust/Society
9.	Last 3 Year Income Tax Return filed & audit report in form 10B
10.	Duly discharged letter of Authorized Representative
11.	First Application of 12A, if no provide earlier application details.
12.	Details of Assets by donation.
13.	Details of Charitable or Religious Activities actually carried out

Any other details as required by the Commissioner (Exemption) .

COURTESY :  MR. ANIKET TATER

REPORT ON CORPORATE GOVERNANCE BY LISTED COMPANIES – FORMAT OF PCS CERTIFICATE

REPORT ON CORPORATE GOVERNANCE BY LISTED COMPANIES – FORMAT OF PCS CERTIFICATE

CERTIFICATE BY COMPANY

CERTIFICATE ON CORPORATE GOVERNANCE

1.All the Directors of the Company have submitted a declaration stating that they are not debarred or disqualified by the Securities and Exchange Board of India / Ministry of Corporate Affairs or any such statutory authority from being appointed or continuing as Directors of Companies. Mr.---------, Practicing Company Secretary, has submitted a certificate to this effect.

2. A compliance certificate from Mr. ------, Practicing Company Secretary pursuant to the requirements of Schedule V to the Listing Regulations regarding compliance of conditions of Corporate Governance is attached.

-----------------------------------------------------------------------------

DECLARATION REGARDING COMPLIANCE BY BOARD MEMBERS AND SENIOR MANAGEMENT PERSONNEL

WITH THE COMPANY’S CODE OF CONDUCT In terms of the Listing Regulations, I hereby confirm that all the Board members and Senior Management Personnel of the Company have affirmed compliance with the respective Codes of Conduct, as applicable to them for the year ended 31st March, 2019.

Place: --------

                                                                                                          Date:                                                                                                                                                            Managing Director 

PRACTISING COMPANY SECRETARY’S CERTIFICATE ON CORPORATE GOVERNANCE

To the Members of ------------Limited,

I have examined the compliance of the conditions of Corporate Governance by ----Limited (‘the Company’) for the year ended 31st March 2019, as stipulated in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations).

The compliance of the conditions of Corporate Governance is the responsibility of the management.

My examination was limited to a review of procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance.

It is neither an audit nor an expression of opinion on the financial statements of the Company. In my opinion and to the best of my information and according to the explanations given to me, and the representations made by the Directors and the management, I certify that the Company has complied with the conditions of Corporate Governance as stipulated in the Listing Regulations during the year ended 31st March 2019.

I state that such compliance is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company.

Place                                                                                                                  

   Date                                                                                                                            Practicing Company Secretary

CERTIFICATE OF NON-

DISQUALIFICATION OF DIRECTORS

(Prescribed by ICSI)

 (pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)

 To, The Members of

 ____(Name)_____________ ____

(Registered Office)___

I/We have examined the relevant registers, records, forms, returns and disclosures received from the Directors of __________ Limited having CIN ________________ and having registered office at _______________ (hereinafter referred to as ‘the Company’), produced before me/us by the Company for the purpose of issuing this Certificate, in accordance with Regulation 34(3) read with Schedule V Para-C Sub clause 10(i) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In my/our opinion and to the best of my/our information and according to the verifications (including Directors Identification Number (DIN) status at the portal www.mca.gov.in) as considered necessary and explanations furnished to me / us by the Company & its officers, I/We hereby certify that none of the Directors on the Board of the Company as stated below for the Financial Year ending on 31st March, 2019 have been debarred or disqualified from being appointed or continuing as Directors of companies by the Securities and Exchange Board of India, Ministry of Corporate Affairs, ___________ or any such other Statutory Authority except Mr._____________ (DIN ____________) who has been debarred/ disqualified by ____________[give name of Statutory Authority and reason].

Sr. No.	Name of Director	DIN	Date of appointment in Company

Ensuring the eligibility of for the appointment / continuity of every Director on the Board is the responsibility of the management of the Company. Our responsibility is to express an opinion on these based on our verification. This certificate is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company.

                                                                                                                                            Name:

Place:                                                                                                                                 Signature:

 Date :                                                                                                                                Member No:                                                  

                                                                                                                                             CP No.:

Roc Statutory Filings Due Dates 2019

Roc Statutory Filings Due Dates 2019

Form MSME -1 (One-time Return as at 22.01.2019) –	Due date is 30.05.2019;
LLP Form - 11 (Annual Return) -	30.05.2019;
Form INC-22A (Active)	15.06.2019;
Form DPT -3 (One-time Return as at 31.03.2019)	29.06.2019;
Form DIR-3 KYC (For DINs allotted till 31.03.2019)	30.06.2019)

EXEMPLARY FINES FOR NON FILING OF CHARGES WITH MCA Revised Registration Fees for Creation / Modification of Charges

EXEMPLARY FINES FOR NON FILING OF CHARGES WITH MCA

Revised Registration Fees for Creation / Modification of Charges

Charge Created / Modified before 02-11-2018

Amount of Additional Fees shall be

> 2 times of Normal fees	For period of delay up to 30 days
> 4 times of Normal Fees	For period of delay for more than 30 days & up to 60 days
> 6 times of Normal Fees	For period of delay for more than 60 days & up to 90 days
> 10 times of Normal Fees	For period of delay for more than 90 days & up to 180 days
> 12 times of Normal Fees -	For period of delay for more than 180 days

CHARGE CREATED / MODIFIED ON OR AFTER 02-11-2018

Amount of Additional	Ad valorem Fees levied up to 31-July-2019
> 2 times of Normal Fees	For period of delay up to 30 days
> 4 times of Normal Fees -	For period of delay of more than 30 days & up to 60 days
> 6 times of Normal Fees -	For period of delay of more than 60 days & up to 90 days

Charge Created / Modified on or after 02-11-2018

Amount of Additional	Ad valorem Fees levied from 01-August-2019 for Small & OPC Companies	For Other than Small & OPC Companies
For period of delay of up to 30 days -	3 times of Normal fees	6 times of Normal Fees
For period of delay of more than 30 days and up to 90 days	3 times of Normal fees plus an ad valorem fees of 0.025% of the amount secured by charge, subject to maximum of INR 1 Lakh	6 times of Normal Fees plus an ad valorem fees of 0.05% of the amount secured by charge, subject to maximum of INR 5 Lakh for Other than Small & OPC Companies