Registering a Partnership firm

While planning to register my online portal http://www.evhub.in in India, I got two options

1. Proprietorship: this mode of business doesn't need any registration.
2. Partnership: Hence to make the EVHUB operations legal, decided to go with partnership

Process of application which I have followed

1. Visit a Charted accountant/ Tax consultant in your city and discuss your business idea.

2. Decide who all can partner with you. Better plan to include your family members to reduce the risk.

3. Document and information required

a. Name of the firm
b. Name and permanent address of the partners
c. Firm address and letter of consent from the owner , preferably one of the partner should be the owner of the office space. This will reduce many formalities in applying for the registration.

d. Municipality house tax/ water tax document copy to be submitted along with the deed.

e. A partnership deed is drawn and the partner will be signing it along with witness.

f. 5 non-judiciary stamp papers worth Rs.100/- each used and a Rs.50/- stamp paper.

It costs less than Rs.1000/- for the formalities but need to pay the service charge to the CA office for application.

The process will take approximately a week for getting the registration.

Next a bank account to be taken for the firm for transactions. PAN number to be applied for the firm before operating any transactions.

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Sachin & Kallis on the top in Test ratings January 2011

After the concluded test series between India and South Africa, Sachin and Kallis are on the top of the test batsmen list with 883 points.

Interestingly it is the 10th time Sachin got this place. We all know Sachin has crossed biggest hurdle for any cricketer can dream i.e. 50th century in Test. He even got his 51st ton again South Africa recently.

Interestingly Sachin is on highest form last year 2010 with around 10 centuries came out of his bat.

Hurray Sachin.. keep this form on and Bag India the WORLD CUP

Indian premier league auctions status - LIVE!

Update: 08.01.11

Players are being auctions today.
Total number of players: 350
Total teams: 10 ( Two new teams joined the league this year are Kochi and Pune )

Teams - players selected (cost of player)

1. KKR - Gautham Ghambir ($2.4million) , Yousuf pathan ($2.1million), Kallis( $1.1million), Brad haddin ($0.325million), Shakib Al Hasan($0.425million), Bret Lee($0.4million),

2. Pune warriors - Yuvraj singh ( $1.8millon ), Robin Utappa ( $2.1million ), Graeme smith($0.5million), Tim Paine($0.27million), Angelo Matthews($0.95million), Ashish nehra($0.85million),

3. Kochi - Mahela Jayavardhane ( $1.5million ), VVS Lakshman ( $0.4million), Brendon Mc cullum ($0.475million), Sreeshant ($0.9million), RP Singh ($0.5million), parthiv patel($0.29million), Ravindra Jadeja($0.95million), Steven smith($0.2million),

4. Royal challengers - De villers ( $1.1million ), Zaheer khan ( $0.9million ), D. Tilakratne ($0.65million), Vettori ($0.55million), Saurab Tiwari($1.6million)

5. Rajasthan royals - Ross taylor ( $1million ), Rahul dravid ( $0.5million), John Botha ( $0.95million)

6. Deccan chargers - Kevin peterson ( $0.65million ), Cameron White ($1.1million), Kumar sangakkara($0.7million), Sikhar dhawan ($0.3million), JP Duminy ($0.3million), Ishath sharma($0.45million)

7. Mumbai Indians - Rohit Sharma ( $2million ) , Symonds ( $0.85million), David Jacobs($0.19million), James franklin( $0.2million)

8. Kings X1, Punjab - Adam Gilchrist($0.9million), David Hassey($1.4million), Dinesh karthik($0.9million), Abhishek Nayar($0.8million), Stuart Broad($0.4million), Praveen kumar($0.8million),

9. Delhi dare devils - Irfan pathan ($1.9million), David Warner($0.75million), Naman Ohja ($0.27million), James Hopes($0.35million)

10. Chennai Super Kings - Michel Hussey ( $0.425million), Wriddiman saha($0.1million), Dwayne Bravo($0.2million),