Preparation of RegistersMeeting
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Preparation of Registers
What is Preparation of Registers?
After paying stamp duty, the document shall be registered by the Indian Registration Act. This is done under the supervision of the Sub-Registrar, whose local authority includes the property. The primary aim of document registration is to keep track of when a document is executed. In the majority of states, the registration charge is around 1% of the stamp duty. Unless and until the buyer's deeds are recorded in their name with the government, the buyer does not become the official owner of the house. The Registrar retains an original copy of the registration, which can be resorted to in the event of a dispute.
Procedure for registering a property
Step 1:
Determine the worth of your property using local circle rates.
Step 2:
The circle rate must now be compared to the actual price paid. The greater of the two figures above would be used to calculate stamp duty.
Step 3:
At this point, you must purchase non-judicial stamp papers with the amount determined during the computation.
Step 4:
Concisely sketch down the meeting's key takeaways: Purchase the stamp papers in person or online. These materials can be purchased via authorized stamp merchants, while e-stamps can be ordered online at www.shcilestamp.com. Stamp duty can be paid directly to the Collector of Stamps, or proof of payment must be given if paid previously.
Step 5:
At this point, you must prepare and type the deed on stamp sheets. The subject matter varies according to the transaction's nature, including a sale, a lease, a mortgage, or a power of attorney.
Step 6:
Now, the transacting parties must present the deed to the Sub-Office Registrar's for registration, accompanied by two witnesses. Each individual involved in the procedure should provide their photographs, identification documents, and so on. Additionally, an original copy of the deed should be carried, as well as two photocopies.
Step 7:
After the selling deed is registered, you will receive a receipt. After approximately two-seven days, one may approach the Sub-Office Registrar's to receive the sale deed.
After the selling deed is registered, you will receive a receipt. After approximately two-seven days, one may approach the Sub-Office Registrar's to receive the sale deed.
Step 8:
Once you have registered the original sale deed, you may additionally verify it using the registry information and data obtained from the Registrar's Office.
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9. Include any pertinent documentation.
Attach any handouts or documents electronically so that they are easily accessible to both participants and non-participants. This is beneficial for persons who were unable to attend the meeting or require a brief reminder of what was discussed.
10. When dispersing the minutes, pose a question.
When disseminating meeting minutes, please email attendees with a question, requiring them to consult the minutes to respond. If you do not ask a question, they are likely to let the email drown in a torrent of other equally essential emails. You may inquire as to whether you correctly understood a particular point or whether you correctly completed the assignments.
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Benefits
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Requirements
Documents Required
PAN CARD
Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled
PHOTOGRAPH
Updated Passport size photos of all Participators / Shareholders and Directors.
IDENTITY PROOF
Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.
ADDRESS PROOF
Updated Electricity Bill/ Telephone Bill / Bank Account Statement of all Shareholders & Directors.
FOR REGISTERED OFFICE
Rent agreement
Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.
NOC From Owner.
Post Company Registration Requirements?
Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.
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