Seed / Link Aadhaar with PAN

Munim PAN-AADHAAR Infographic

Government has make it mandatory to link PAN with Aadhaar. As per the mandate “Every person who is eligible for an Aadhaar number shall, on or after the 1st day of July 2017, quote Aadhaar number,
(i) in the application form for allotment of the permanent account number;
(ii) in the return of income”.

Here is How to Link PAN with Aadhaar

For Linking Aadhaar with PAN, one should have:

1. Valid Aadhaar Card
2. Valid PAN Card
3. Mobile number linked with Aadhaar
4. Name on Aadhaar and PAN Should match
5. Date of Birth on Aadhaar and PAN should match
6. Gender should match on Aadhaar and PAN

Not satisfying any one of the conditions, do not worry; read the procedure of PAN and Aadhaar Seeding if name does not match in PAN and Aadhaar

Government (IT Dept) has made it easier to link Aadhaar with PAN without login,

Here are the updated steps to link Aadhaar with PAN card:

Step 1.

First register yourself at the income tax e filing portal, if you are not already registered

https://incometaxindiaefiling.gov.in/ 

Step 2.

Log in to the e-Filing portal of the Income Tax Department by entering the log-in ID, password and date of birth

Step 1:

Just go to www.incometaxindiaefiling.gov.in and click on the link on the left pane i.e. Link Aadhar

Step 3.

Step 2.

Provide PAN, Aadhaar No. and Enter Name Exactly as given in Aadhaar Card and Submit. After Verification from UIDAI, the linking will be confirmed.

Step 4.

Step 3.

In case of minor mismatch in Aadhaar Name provided, Aadhaar OTP will be required.

Step 5.

Enter your Aadhaar card number and captcha code and click on the “Link now” button.

Step 6.

Enter OTP. A pop-up message will inform you that your Aadhaar card has been successfully linked to your PAN card.

Have you received any error like details in PAN and Aadhaar do not match. Read read the procedure of linking Aadhaar and PAN if name does not match in PAN and Aadhaar

This information is brought to you by Munim.in

Munim.in is a marketplace for Professional Services like Online Company Registration, Trademark Registration, LLP and IEC registration in India. It connects Service Seekers with Service Providers and allows placement of order on the platform for coverage under Munim Guarantee.

Details Do not Match: Link Aadhaar and PAN

Do not worry if your name does not match in PAN and Aadhaar

With the linking of PAN with Aadhaar being made mandatory, individuals can log on to e-filing website of the income tax department or NSDL but the seeding cannot happen if the name doesnot match in two cards.

The situation may arise because of usage of Abbreviation or special character in one of the database or the name changed after marriage did not updated.

In such cases, government has allowed a simple uploading of a scanned copy of PAN on the Aadhaar website.

1. Visit Aadhaar website for update of database https://ssup.uidai.gov.in/web/guest/ssup-home

2. Enter Aadhaar Number and linked mobile number, wait for OTP and then enter the OTP on the website.

3. Choose Update Name

4. Enter the Correct Name as per PAN details.

5. Upload PAN and click submit

6. Choose the agency may be Karvy

7. Save and take the print out of Acknowledgement.

That's it, your details shall be updated within 2-3 days.

This information is brought to you by Munim.in

Munim.in is a marketplace for Professional Services like Company Registration, Trademark Registration, LLP and IEC registration in India. It connects Service Seekers with Service Providers and allows placement of order on the platform for coverage under Munim Guarantee.

What you Do not know about Trademark

Even if you don’t realize it, everyone deals with trademarks on a daily basis. “Trademark” is another way of referring to brands.

Consumers’ purchasing decisions are influenced by trademarks and the reputation such brands represent. It is important for business people to have an understanding of why trademarks are important assets and help grow their business. 

1. Trademarks are an effective communication tool. In a single brand or logo, trademarks can convey intellectual and emotional attributes and messages about you, your company, and your company’s reputation, products and services. Your trademark doesn’t need to be a word. Designs can be recognized regardless of language or alphabet. The Puma design is recognized globally, regardless of whether the native language is Hindi, Chinese, Spanish, Russian, Arabic or English.

2. Trademarks make it easy for customers to find you. The marketplace is crowded and it’s hard to distinguish your business from your competitors. Trademarks/brands are an efficient commercial communication tool to capture customer attention and make your business, products and services stand out. Customers viewing a trademark immediately know who they are dealing with, the reputation of your business and are less likely to look for alternatives. Your brand could be the critical factor in driving a customer’s purchase decision.

3. Trademarks allow businesses to effectively utilize the Internet and social media. Your brand is the first thing customers enter into a search engine or social media platform (Facebook, Twitter, Instagram, LinkedIn) when looking for your products and services. Higher traffic on a website or social media platform translates into higher rankings, bringing even more traffic, more customers and more brand recognition.

4. Trademarks are a valuable asset. Trademarks can appreciate in value over time. The more your business reputation grows, the more valuable your brand will be. Trademarks provide value beyond your core business. Trademarks  can lead the way for expansion from one industry to another, such as from personal care to clothing or eye ware. If you desire it, your trademark can lead to the acquisition of your business by a larger corporation. Trademarks are a property asset, similar to real estate, that can be bought, sold, licensed (like renting or leasing) or used as a security interest to secure a loan to grow your business.  

5. Trademarks can make hiring easier. Brands can inspire positive feelings in people’s minds. As a result, employment opportunities are more attractive to candidates. Employee retention can be higher if employees have positive feelings for the brand and the products and services offered.

6. Trademarks are a bargain to obtain. The Trademark Application Fees is just Rs 4500 for Individual, Small Company, LLP, Partnership. Thus, it is just a matter of few buck and a protection to your Brand.

7. Trademarks never expire. Your trademark will not expire as long as you are using it and renewing it with Authorities after every 10 years. 

Brands are a critical asset. Do your due diligence before investing a lot of time and money in launching a new brand. Be sure the brand fits your company. Obtain a clearance search to make sure your new brand is available and doesn't infringe on anyone’s prior rights.

Keep in mind that the more you differentiate your brand from others in your industry, the easier it'll be to protect. Choose a name and logo that distinctly identify your business and will protect it from competitors. Utmost importance is Check Trademark availability before starting the brand building exercise. 

Munim.in is an online marketplace for services like Company Registration, Trademark Registration, LLP Registration etc. Munim.in connects Service Seeker with the verified Professionals and allows placement of order through the platform to avail Munim Guarantee. 

What most of the Entrepreneurs are unaware of: Compliance after Incorporation of Private Limited Company

1000's of new companies gets registered each month in India, a substantial number of them pertains to the Startups but there is something that all the Startups must know about post company registration compliance which may be a decisive factor in growths to follow. 

• INTIMATION OF REGISTERED OFFICE (within 15 days from the date of incorporation), if not done at the time of Incorporation: The company is required to file a verification of the registered office with the registrar of companies within the period of 30 days of its incorporation in form INC-22. In case of any default in complying with any of these requirement, a company and every officer who is in default shall be subjected ta a penalty of Rs. 1000 for every day during which the default continues, not exceeding Rs. 100000. However, with Munim.in the Incorporation is done with eSPICE wherein this compliance is not necessary.

• FIRST MEETING OF BOARD OF DIRECTORS (within 30 days from the date of incorporation):  First meeting of board of directors is required to be held within 30 days of incorporation of company and thereafter 4 meetings are required to be held in every financial year in such a manner that the gap between 2 board meetings should not be more than 120 days. 

• APPOINTMENT OF AUDITORS (within 30 days from the date of incorporation and in case of failure of board of directors ,the members appoint the auditor within 90 days): The company has to appoint its first auditor within 30 days from the date of incorporation in a board meeting. If board of directors are not able to appoint them it has to be appointed within 90 days in a general meeting of members. First auditor as appointed is required to hold office till the conclusion of first annual general meeting. Companies act 2013 does not require any form to be filed with ROC but this is a requirement of law and it has to be complied within time.

• ISSUING OF SHARE CERTIFICATE (within 60 days from the date of incorporation): Within a period of 2 months from the date of incorporation , every company must deliver the share certificate to the subscribers of the memorandum. This means that the subscriber has to remit the agreed subscription amount within 60 days from the date of incorporation. Failure by the company to deliver the certificates will attract a fine which shall not be less than Rs. 25000 but which may be extend to Rs. 500000. Also,every officer of the company who is in default shall be punishable with a fine which is not less than Rs. 10000 but which may extend to Rs. 100000.

So these were some of the compliance that are required to be done immediately after Private Limited Company Incorporation. Rest of the Compliance are Annual in nature which are covered in subsequent blog.

Munim.in is an online marketplace for services like Company Registration, Trademark Registration, LLP Registration etc. Munim.in connects Service Seeker with the verified Professionals and allows to order the service through the platform to avail Munim Guarantee. Munim.in ensures that the Client should get the good and complete service.