Virtual company registration and physical verification are different. Virtual office services are purchased for less money by start-up companies. The documents required for the virtual GST registration are as follows: proof of place of business, incorporation certificate, PAN card of the applicant, bank account number, address of the authorised signatory, and digital signature certificate. Virtual office registration with GST is advantageous to start-ups, cost reduction, expansion of business with geographical areas, ease of doing business, and exploring different markets. MCA had recently amended the incorporation rules to find out the shell companies. This rule is the third amendment to the incorporation act. The new rule 25B insists the ROC verify the location of the office. The residents of the neighbourhood should witness the address. The resident also should belong to the same location as the company. ROC need to check the details with the police if needed. The new rule educates about the importance of location verification. The blog is written to make the readers understand the changing amendments with the businesses.
Report format:
The report should enclose the following details of the company:
CIN and name of the company
The address of the company as per the MCA 21 record
Name of the ROC
Date of the authorisation letter issued by the ROC
Date and time for the visit of the authorities to the company.
Location and landmark details.
The name, location details, and relationship of the contact person at the office
Remarks
Documents
Importance of business correspondence:
Business law and business correspondence and reporting is the second paper in the CA foundation. Here, students learn about letter writing, reporting, vocabulary, comprehension, and grammar. Business correspondence is a crucial subject. The following points illustrate the business correspondence. Business correspondence helps for a precise understanding of internal communication. Internal correspondence, external correspondence, sales correspondence, business correspondence and circulars are the five types of correspondence the business people deal with. Physical address and mailing address help for improving business communication. Banks employ business correspondents to carry out transactions on behalf of the agents. Business facilitators explain the client’s proposal and help the bank to carry out the transactions. In 2006, RBI told the banks to employ business correspondents and facilitators. Business correspondence must include the following points:
Terms and conditions of the business
Payment terms with a copy of proof.
No grammatical mistakes.
Simply explain the previous communications.
Attaching the required documents and personal data.Personal data such as emails, phone numbers and addresses.
Address to the business head or the authoritative person.
Benefits of physical office:
A physical office helps create a brand name and collect reviews from customers about the product and services. The following benefits illustrate the same:
Credibility:
From a branding viewpoint, a physical address creates consistency and credibility for the clients. Google is the marketing tool that helps the customers to check the place and reach the place. By having a physical address, it is easy to generate search engine traffic. Customers leave Google reviews with a location-based search of the office. Physical address help for increasing google traffic, and checking the reviews of the business.
Goodwill
For manufacturing companies, customers contact online. The location of the business creates an image with the customers. For service-based companies, customers want to have a loyal relationship with the company. The authorities in the company hold meetings for the customers to hear their queries. Consistency is possible with a loyal relationship with the customers. The physical address of the company help with this.
Competition:
Domestic and global markets push the company towards a competitive environment. Location and the address of the company help in understanding the rival’s products. And also strategic management towards the customers.
Data security:
Government, public entities and hackers wish to use the business data for promotions. The physical address and personal relationship of the company guard the privacy.
Bottom Line:
The different types of communications help for marketing, staying relevant, and focused and enhancing value. Technologies like the cloud, and IoT help for improving customer service. Business communication comprises official communication with regulatory bodies and personal communication with customers. Physical verification amendments and business correspondence channels are essential for building a winning strategy. Business communication has formal and informal communication. Business communication has changed with technological advancement and globalization. Business communication is a tool to improve the demand for the product. Digital marketing companies rely on blogs, websites and mailing lists for promoting the business. Presentation skills help managers to communicate with the employees. Business communication help with project management, marketing and corporate governance. With the Physical address and business correspondence, companies get identity and maintain relationships.
