Pioneer Investments Power Of Attorney: Fill & Download for Free

For the best legal and accounting , i refer you to reach at wazzeer . com .For registrationIn accordance with the policies of central government, state government of kerala is also providing necessary assistance and wholehearted support for the startup of new industries / businesses in the state. As per state government industrial policy it is expected to bring in about 1 lakh crore rupees of private investment in kerala in the next 5 years. This economic policy of the government have started showing results as many new ventures have been declared by new and existing business houses. All these new business ventures whether it is in service sector or in manufacturing sector needs to be registered as company under the Companies Act.Registering your company in kerala in accordance with the companies act of India is one of the foremost thing in starting a business anywhere in India. Signs and Marks Business Consultants who are one of the pioneers in the field of company registration in kerala is offering professional business services at an affordable and the most competitive rate.Until the earlier years of the past decade registering a company is a very time consuming process but nowadays things have changed as company registration process has been made and in turn become much faster.The requirements / documents for company registration in Kerala are:1. Minimum 2 Directors and Share Holders.(Share Holders can also be the directors of the company).2.Three colour photographs of all the directors.3.Photo Identity and address proof of directors.4.PAN card number of directors, if avaliable.In the current scenario it usually takes about 20 to 25 days to get your company registered but there was a recent news that government is planning to reduce the time frame for company registration to 24 hours.For registering a company in kerala with Signs and Marks,1. Provide the scan copies of the above requirements for registration via email2. Provide any three or five proposed names of the company.3. Provide the object of the company.4. Sign the DIN Annexure, Digital Signature and Memorandum and Articles of the Company.5. Sign the PAN form and Bank Account form of the company.If you have any queries regarding company registration, like digital signature, DIN Annexure, Memorandum of Association or Articles of Association of the company or any documents you can contact us we are always there to help you.These include the following steps:1 Obtain Director Identification Number From the Ministry of Company Affairs:Takes one day ;no charges2 Obtain electronic/digital signature certificate from authorised cerifying agencies like Sify and TCS:Takes 4 days;Costs Rs 400 to Rs 2,6503 Present name for approval to Registrar of Companies(ROC);get the Memorandum (MoA)and Articles of Association (AoA)vetted by ROC and printed: Takes 23days;Rs 504 Apply to the Superintendent of Stamps or an authorised bank for stamping of the Memorandum and Articles of association:1 day ;Rs 200 for MoA, Rs 1,000 for every Rs 5 lakh or part there of for AoA ,Rs 100 for stamp paper5 Present the requried documents and registration fees to RoC. Documents needed include stamped copies of MoA and AoA, Copy of Form 32 along with consent letters of Directors of the Company, Form 1application and declaration for incorporating the Company, Form 18 address proof of the Company,Form 1Aevidencing name approval,copy of challan of fee, Power of Attorney from subscribers on judicial stamp paper of Rs 100 Identification of subscribers in the form of driving license , passport, ration card or voter’s identity card. These documents are to be uploaded online as well as filed in original with the RoC.The fees are determined by the amount of authorised share capital of the company.For registration of a company whose nominal share capital does not exceed Rs 1 lakh: Rs 4,000For registration of a company whose nominal share capital exceeds Rs 1 lakh:Rs 4,000,plus the following:Rs 300 for every Rs 10,000 of nominal share capital or part of Rs 10,000 after the first Rs 1 lakh up to Rs 5 lakhRs 200 for every Rs 10,000 of nominal share capital or part of Rs 10,000 after the first Rs 5 lakh up to Rs 50 lakhRs 100 for every Rs 10,000 of nominal share capital or part of Rs 10,000 after the first Rs 50 lakh up to Rs 1 croreRs 50 for every Rs 10,000 of nominal share capital or part of Rs 10,000 after the first Rs 1 croreThe amount has to be paid by Demand Draft or Treasury Challan6. Obtain a company seal: 3 day;Rs 3507. Obtain Permanent Account Number from an authorised franchise or agent appointed by the National Securities Depository Services Ltd:7 day;Rs 66 fee and Rs 5 for form (if not downloaded).The application is to be made on From 49A along with a certified copy of the certificate of registration issued by ROC as well as proof of identity and address. The Income Tax Department has outsourced PNA allotment to UTI Investors Services Ltd.8. Obtain TAN (Tax Account Number) form the Assessing Officer in the Concerned circle of the Income tax Department; 7 day (happens simultaneously with step 7); Rs 55.TAN is mandatory on TDS/TCS certificates.9. Register with Kerala Shops and Establishments Act: 2 day (along with steps 7& 8); Apply in form B 1 to Assistant Labour OfficerGradeIII, along with the applicable fees.The fee Structure is as follows:For an establishment with no employees Rs 10For an establishment with less than 5 employeesRs 50For an establishment with 5 to 10 employees Rs 100For an establishment with less than 20 employeesRs 200For an establishment with 20 to 30 employees Rs 300For an establishment with 31 to 50 employeesRs 500For an establishment with 51 to 100 employeesRs 1,00010. Register for value added tax, if applicable,before the Sales Tax Officer of the ward in which the company is located:12 days (along with previous step); Rs 5,000 as registration fee and Rs 100 as stamp duty.11. Register for profession tax: 2 days,along with step 10; no charge12. Register with Employees Provident Fund Organisation :2 days ,along with step 10; no charge.This is optional if employee strength is less than 20.13. Register with ESIC (medical insurance): 1 day ,along with step 10; no charge.Refer to wazzeer . com for more info.

The Internal Revenue Service (“IRS”) last year issued a notice addressing the tax treatment of Bitcoin. It chose to treat bitcoin as “property” rather than “currency” for tax purposes. In this backgrounder we will look at the classification options the IRS considered, what it chose to do in its notice of March 2014, and why.Now that you can invest hugely on Power-Miner Startup Lab (www.power-miner.store) where you can get daily profit off your bitcoin investments for as long as 6 months through mining and daily trading, then life is getting better for Bitcoin investors now. Thanks to the world cryptocurrency leaders for bringing in other options of earning cryptocurrencyDifficult ChoicesThe IRS had several options to consider in providing a framework for the taxation of bitcoin and bitcoin transactions. It is clear that bitcoin is an intangible property. The specific type of property, however, is elusive. Possible tax categories for bitcoin include taxing it as personal property, a commodity, a currency, a security or a debt instrument. Bitcoin has qualities resembling all of these property forms, yet it does not neatly fit any of them. Irrespective of the difficulty of finding a good match, bitcoin’s classification has had and will continue to have significant tax consequences.For example, had the IRS treated bitcoin as a currency, special tax rules would have applied to its use and ownership. Unlike most assets, the gain or loss from a sale of bitcoin, or its use in an exchange, would generally be taxed as ordinary income, and be ineligible for capital gain treatment.[1] This would mirror our normal interaction with dollars or other fiat currencies; if you get paid in dollars it doesn’t matter that the price of dollars against rubles or euros changes before you spend it. The value of the dollar may be rising internationally, but you are not taxed on that return like a normal investment.Treatment as currency would have also qualified personal bitcoin use for an exclusion from the recognition of gain or loss in ‘small’ transactions.[2] To illustrate, say you bought one bitcoin when the price was at $100 and then used a fraction of that bitcoin to buy a cup of coffee months later when the price was at $200. Treatment as currency would excuse you from calculating the profit you made by buying the bitcoin low and selling some of it at a high (for your coffee). This exclusion could make the currency option attractive to many bitcoin users because reducing the transaction cost inherent in calculating every gain or loss may facilitate the use of bitcoin as a viable medium of exchange for commerce.Other property-type categories each present idiosyncratic tax treatments that emerged over the years as the use of the targeted asset type (e.g. stocks, commodities, or debt instruments) matured. For example, the concept of a stock as a share of ownership in a company is relatively easy to grasp and early tax rules were also easy to grasp and apply. But as the securities market matured, and stocks became complex, complex tax rules grew to meet the challenge. Today, differing tax treatment is applied to equity options, calls and puts, derivatives, LEAPS, index futures and other forms of stock and stock-based transactions. Again, fitting bitcoin into this multi-faceted structure, similar to its treatment as a currency, is difficult.The IRS has been curiously silent on the taxation of virtual currencies for decades. This is so, despite the IRS Taxpayer Advocate, and more recently, the Government Accountability Office, calling upon the IRS to issue administrative guidance to taxpayers who desire a degree of certainty for tax reporting of their virtual currency transactions.[3] Virtual currencies are not a new phenomenon.[4] However, the emergence of bitcoin presented potential broad economic impact, and the IRS responded by the issuance of IRS Notice 2014-21 in March of 2014.[5]What the Notice SpecifiedThe Notice provides three basic principles. First, it globally classifies bitcoin as property for U.S. federal tax purposes. Second, it states bitcoin is not ‘currency’ that generates foreign currency gain or loss for U.S. federal tax purposes. Finally, it declares that ‘mining’ income is to be recognized for tax purposes when the miner receives the bitcoin at its then fair market value.In effect, the IRS left many options on the table by releasing guidance to the taxpayer that provided a broad and generic classification of bitcoin (“property”) and excluded but a single subcategory, currency. Moreover, only a single unique activity in the virtual currency arena, that of bitcoin mining, is specifically addressed.Notice 2014-21 does offer some concrete specifics, however. It expressly applies to only “virtual currencies” which have an “equivalent value in real currency, or acts as a substitute for real currency.”[6] Sixteen questions are posed and answered by the IRS, most of which flow from the answer to the first question posed which states, in part, that “[f]or federal tax purposes, [convertible] virtual currency is treated as property,”[7] reportable in its equivalent value in U.S. dollars.[8]As mentioned, the Notice does not classify what kind of “property” bitcoin is, other than specifically stating that it is not “currency.” It requires that bitcoin used in an exchange for goods and services be valued at fair market value when received.[9] This value thereafter constitutes thebasis of the bitcoin received.[10] Taxable gains and losses from that basis are recognized in the exchange and the type of gain or loss, capital or ordinary, depends upon whether the bitcoin was held for investment, as inventory, used in a trade or business or held for personal reasons.[11]Bitcoin received for services by employees are wages for both U.S. income and employment tax purposes, reportable as such by both employer and employee at fair market value.[12] Likewise, bitcoin received by independent contractors constitutes self-employment income to be reported and taxed as such.[13]Traditional U.S. tax reporting requirements apply to bitcoin payments as are applicable to any other transaction involving property.[14] As well, “backup withholding”[15] and reporting by third party settlement organizations[16] are mandatory as if the bitcoin were U.S. currency.In addition to treating bitcoin as property, two other principals were addressed in Notice 2014-21. Both areas were unique to virtual currencies. The first states that virtual currencies are notcurrency as might give rise to foreign currency gain or loss. [17] Among other things, this means that bitcoin is not eligible for the personal use exemptions to capital gains taxes on small transactions, as described earlier in the coffee example. The notice also specified that income from virtual currency mining for tax purposes is to be recognized when the miner receives the reward from the mining efforts and not upon a later sale of the currency. [18] In other words, you owe income taxes on the bitcoins you mine for the tax year in which you mined them, not for any future year when choose to sell or spend them.The Challenges of Building a Tax Framework for BitcoinThe U.S. federal tax framework for bitcoin and other virtual currencies remains confusing and largely undefined. As frustrating as this may be, it is not hard to understand why this is so. The IRS, like those holding bitcoins themselves, are participants in the emergence of one of the most novel and potentially far-reaching technologies of the 21st century.Historically, a cautious approach to the taxation of new intangible assets by the IRS is typical. Software technologies are dynamic, and their development, categorization, use and transfer permit only “best guess” tax treatment until a level of technological maturity is reached. For example, the tax principles initially applied to mainframe software were challenged by the emergence of the personal computer. They were challenged once again as the internet emerged.Difficulties also arise as U.S. income taxes are assessed annually. Yearly cut-off dates are difficult to apply to developing technologies.[19] The IRS, and taxpayers, often cannot report technology-based assets and transactions with certainty. Indeed, what the asset is may itself be elusive.Bitcoin is an excellent example. It has already morphed from the transactional medium of exchange envisioned by its inventor into a variety of uses: a system of stored value, an asset identification and management tool, a tokenized instrument of title, a key for the encryption, authentication or escrow of other assets, and more. Bitcoin as only a currency is no longer reality. And the technology is still in its infancy. No wonder the IRS is taking a cautious approach.A cautious regulatory approach is prudent for reasons other than how dynamic the technology is. Hastily drafted rules may stifle innovation or, even worse, chase technological development from U.S. shores to thrive in unfriendly jurisdictions. The wait-and-see tax attitude is indeed confusing to taxpayers, but not without foundation.Finally, as virtual currencies need not respect political boundaries, the harmonization of a regulatory environment with other jurisdictions is a necessary consideration. Tax and other policies must consider global impact and circumstance, and the efforts by multiple jurisdictions must be harmonized, a process that involves significant time and effort.The tax treatment of bitcoin will likely follow a cautious approach for some time. This will be frustrating to taxpayers at best, but that caution is warranted.Bob Derber is a corporate tax attorney at Summit Legal Group, previously he was general counsel at the gaming software pioneer Maxis.

Yes, Zerodha is secure, safe and useful broker.Zerodha is a genuine and trusted stock broker . They are among the lowest risk broker for the following reasons:Zerodha is a debt free company.Unlike other large brokers, they only offer broking services. They can't be impacted by loss made in other businesses.Not a single major violation reposted in the last 9 years.Shares and Mutual Funds are transferred in the demat account which is held by CDSL.Your Demat Account safety is taken care of by CDSL.From the security point of view of the customer, there are 3 areas to look for:Money in Trading AccountShares and Mutual Funds in Demat AccountUnauthorized transaction by the brokerLet's get in to more detail of each of these items:There is always a small risk with the money which resides with the broker for trading in case something seriously goes wrong with the broker. But it's highly unlikely as brokers are regularly audited by SEBI and stock exchanges and any wrongdoing is penalized heavily.Regarding securities in demat account, the stockbrokers are merely agents of depositories (NSDL and CDSL). The stocks in your demat account are actually held by central depositories and not by the brokers (depository participants). This is something goes wrong with the broker like Zerodha, your demat account remain intact with CDSL.As long as your mobile number and email address are accurate in your trading and demat account, the chances of the unauthorized transaction by the broker reduces significantly. The broker, exchange and CDSL/NSDL send SMS alerts and emails for every transaction done. If you find any unusual transaction, you could report it to the broker immediately or file a complaint against the broker at the exchange.Zerodha is among the most trusted stockbroker in India for many reasons including open and transparent business practices, clear vision of the founders, no major violations reported so far, continue investment in technology and zero debt company from day 1.Zerodha is a leading stockbroker in India with over 15 lakh active customers. Zerodha is registered with SEBI and member of BSE, NSE, MCX, and NCDEX. It also offers demat account related services through its CDSL membership.Zerodha is in the retail stock broking business for 10+ years (since 2010). They are audited by exchanges and SEBI regularly. As of March 2020, none of the regulatory agencies have reported any major violations of regulations by Zerodha.Several rumors came about Zerodha on social media in the last few years but none of them stand true.Is Zerodha Safe? Is Zerodha reliable? Can I keep my investments safe with Zerodha? What if Zerodha goes out of business? The internet is filled with such questions on Zerodha. And every time a stock Broker is in the news for malpractices, these questions again start doing rounds on the internet forums. This article will do a check on Zerodha and identify how safe it is to do business with Zerodha.About ZerodhaThe following are key facts you should know about Zerodha. The data is as of March 2020:Pioneer of online discount brokerage model in IndiaStarted operations on the 15th of August, 2010Largest stock broker in India in terms of customers, retail order volumes, etc.23+ lakhs active client1100+ employeesDebt-free company.In-house build trading platform KiteWhy Zerodha is safer than other brokers?Debt Free Company: Zerodha is a zero-debt company. In the corporate world, most financial irregularities have debt as the main catalyst. Zerodha has always been zero-debt right from the beginning. There is no borrowing of any kind.No Margin Funding: Zerodha has never done margin funding, which is considered as a risky proposition for stockbrokers.No client securities in the pooled account: Zerodha doesn't keep client securities in a pooled account.Simple Pricing Model: Zerodha has one single brokerage rates for all its customers. It doesn't matter if you are an HNI or an investor. No one gets special treatment at Zerodha. Having a single rate for all customers reduces the operational risks significantly.No Advisory Services: Zerodha never advises or sell any product promising returns. The only thing they do as a business is to offer execution platforms for someone who has the intent to buy/sell. No conflict of interest.No Proprietary Trading: Many stockbrokers in the past have been alleged of doing proprietary trading from the funds kept in customers' accounts. To allay concerns of customers of the company using their money for prop trading, as per a blog written by Zerodha founder Nithin Kamath, the company has stopped proprietary from September 2019.No Credit Risk: There is no credit risk as less than 5% of Zerodha's own capital is lent to customers in any form. Zerodha's own funds in the business is greater than 25% of all client funds put together. Zerodha is profitable as a business and have enough reserves to sustain, even if there was an extended downturn in the economy.Lowest Complaints to Active Clients Ratio: Zerodha's ratio of complaints to active clients is among the least on the exchange.Million+ Happy Customers: As of April 2020, Zerodha has lakhs of active customers trading for over 10 years. Zerodha is the largest stock broker in India.Zerodha MembershipsZerodha is registered with SEBI and a member of leading stock exchanges like NSE, BSE, and MCX. All stockbrokers offering trading services in India must register with SEBI and follow various guidelines. Similarly, stockbrokers must also get membership of the stock exchanges to be able to give their customers access to the exchange platforms. Both SEBI and stock exchanges keep an eye on their members and regularly audit their accounts to ensure diligence with the regulations. To date, no major violation has been reported by Zerodha.Zerodha is also a DP (Depository Participant) with CDSL, one of the two Central Depositories in India that manages demat accounts. This membership allows it to open demat accounts of its customers with CDSL. Please note that demat accounts are not opened or managed by Zerodha but it only plays the role of intermediary between the customers and the CDSL.As per SEBI regulations, all stock brokers need to acquire PoA (Power of Attorney). The PoA gives limited or full legal authority to the broker to operate your demat account i.e. debit/credit or pledge securities as per the agreed terms. PoA is not mandatory but is useful in automatic debit/credit of securities from a demat account. Customers can refuse to give PoA to the brokers. However, then they have to approve every time there is a need to debit or credit security from their demat account. To avoid this repeated approval process, PoA is used as a standard instruction to debit/credit or pledge securities whenever required.Zerodha's various membership details are as follows:Zerodha Broking Ltd.: Member of NSE & BSE - SEBI Registration no.: INZ000031633CDSL: Depository services through Zerodha Securities Pvt. Ltd. - 12081600Commodity Trading through Zerodha Commodities Pvt. Ltd. MCX: 46025 - SEBI Registration no.: INZ000038238Signup and open a Zerodha trading and demat account online and start investing