New unit or division of existing company, how?? process?
rahul tusnial (partner) (40 Points)
03 June 2015rahul tusnial (partner) (40 Points)
03 June 2015
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 04 June 2015
In company law there is no specific requirement except sign board and option of appointing separate statutory auditor for the branch, if necessary, and maintenance of books of account at registered office.
For setting up second unit at different location you have to take care of registrations under other laws as may be applicable in your case including filing of IEM, Factories Act, PF/ESI/Contract Labour Act etc. etc.
You have to prepare single consolidated Balance Sheet for both units and file single IT return since PAN will be same.
Live class on PF & ESI Enrollment & Returns Filing(with recording)