Terms and Conditions
Corporate Shastra is a registered Trust & Corporate Services Provider. As a client availing Corporate Shastra’s services, you agree to the following terms and conditions:
Goods and Services Tax (GST) is applicable to our fees. A GST e-Invoice and Input Tax Credit will be provided if you provided GSTIN at time of payment. It is the clients responsibility to ensure GSTIN is provided at the time of payment to receive GST Input Tax Credit.
Any additional government fees associated with incorporation or license or trademark services, where applicable, will be notified upfront in the invoice, collected and subsequently remitted to the respective governmental authority.
Terms & Conditions that govern the usage of Corporateshastra.com
Welcome to Corporateshastra.com. By visiting our website and accessing the information, resources, services, products, and tools we provide, you understand and agree to accept and adhere to the following terms and conditions as stated in this policy (hereafter referred to as 'User Agreement'), along with the terms and conditions as stated in our Privacy Policy.
We reserve the right to change this User Agreement from time to time without notice. You acknowledge and agree that it is your responsibility to review this User Agreement periodically to familiarize yourself with any modifications. Your continued use of this site after such modifications will constitute acknowledgment and agreement of the modified terms and conditions.
RESPONSIBLE USE AND CONDUCT
In order to access our Resources, you may be required to provide certain information about yourself (such as identification, email, phone number, contact details, etc.) as part of the registration process, or as part of your ability to use the Resources. You agree that any information you provide will always be accurate, correct, and up to date.
You are responsible for maintaining the confidentiality of any login information associated with any account you use to access our Resources. Accordingly, you are responsible for all activities that occur under your accounts.
Accessing (or attempting to access) any of our Resources by any means other than through the means we provide, is strictly prohibited. You specifically agree not to access (or attempt to access) any of our Resources through any automated, unethical or unconventional means.
Engaging in any activity that disrupts or interferes with our Resources, including the servers and/or networks to which our Resources are located or connected, is strictly prohibited.
Attempting to copy, duplicate, reproduce, sell, trade, or resell our resources is strictly prohibited.
You are solely responsible for any consequences, losses, or damages that we may directly or indirectly incur or suffer due to any unauthorized activities conducted by you, as explained above, and may incur criminal or civil liability.
We may provide various open communication tools on our website, such as blog comments, blog posts, public chat, forums, message boards, newsgroups, product ratings and reviews, various social media services, etc. You understand that generally we do not pre-screen or monitor the content posted by users of these various communication tools, which means that if you choose to use these tools to submit any type of content to our website, then it is your personal responsibility to use these tools in a responsible and ethical manner. By posting information or otherwise using any open communication tools as mentioned, you agree that you will not upload, post, share, or otherwise distribute any content that:
Is illegal, threatening, defamatory, abusive, harassing, degrading, intimidating, fraudulent, deceptive, invasive, racist, or contains any type of suggestive, inappropriate, or explicit language;
Infringes on any trademark, patent, trade secret, copyright, or other proprietary right of any party;
Contains any type of unauthorized or unsolicited advertising;
Impersonates any person or entity, including any corporateshastra.com employees or representatives.
We have the right at our sole discretion to remove any content that, we feel in our judgment does not comply with this User Agreement, along with any content that we feel is otherwise offensive, harmful, objectionable, inaccurate, or violates any 3rd party copyrights or trademarks. We are not responsible for any delay or failure in removing such content. If you post content that we choose to remove, you hereby consent to such removal, and consent to waive any claim against us.
We do not assume any liability for any content posted by you or any other 3rd party users of our website. However, any content posted by you using any open communication tools on our website, provided that it doesn't violate or infringe on any 3rd party copyrights or trademarks, becomes the property of www.corporateshastra.com, and as such, gives us a perpetual, irrevocable, worldwide, royalty-free, exclusive license to reproduce, modify, adapt, translate, publish, publicly display and/or distribute as we see fit. This only refers and applies to content posted via open communication tools as described, and does not refer to information that is provided as part of the registration process, necessary in order to use our Resources. All information provided as part of our registration process is covered by our Privacy Policy.
You agree to indemnify and hold harmless Corporate Shastra.com a digital property of Corporate Shastra and its parent company and affiliates, and their directors, officers, managers, employees, donors, agents, and licensors, from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, resulting from any violation of this User Agreement or the failure to fulfill any obligations relating to your account incurred by you or any other person using your account. We reserve the right to take over the exclusive defense of any claim for which we are entitled to indemnification under this User Agreement. In such event, you shall provide us with such cooperation as is reasonably requested by us.
PRIVACY: We take Privacy very seriously. A separate Privacy Policy is created in order to explain in detail how we collect, manage, process, secure, and store your private information. Our privacy policy is included under the scope of this User Agreement.
LIMITATION OF WARRANTIES: By using our website, you understand and agree that all Resources we provide are "as is" and "as available". This means that we do not represent or warrant to you that:
LIMITATION OF LIABILITY: In conjunction with the Limitation of Warranties as explained above, you expressly understand and agree that any claim against us shall be limited to the amount you paid, if any, for use of products and/or services. corporateshastra.com will not be liable for any direct, indirect, incidental, consequential or exemplary loss or damages which may be incurred by you as a result of using our Resources, or as a result of any changes, data loss or corruption, cancellation, loss of access, or downtime to the full extent that applicable limitation of liability laws apply.
COPYRIGHTS / TRADEMARKS: All content and materials available on corporateshastra.com, including but not limited to text, graphics, website name, code, images and logos are the intellectual property of Corporate Shastra, and are protected by applicable copyright and trademark law. Any inappropriate use, including but not limited to the reproduction, distribution, display or transmission of any content on this site is strictly prohibited, unless specifically authorized by Corporate Shastra.
TERMINATION OF USE: You agree that we may, at our sole discretion, suspend or terminate your access to all or part of our website and Resources with or without notice and for any reason, including, without limitation, breach of this User Agreement. Any suspected illegal, fraudulent or abusive activity may be grounds for terminating your relationship and may be referred to appropriate law enforcement authorities. Upon suspension or termination, your right to use the Resources we provide will immediately cease, and we reserve the right to remove or delete any information that you may have on file with us, including any account or login information.
GOVERNING LAW: This website is controlled by Multiverse Commerce LLP from our offices located in the state of Karnataka, India. It can be accessed by most countries around the world. As each country has laws that may differ from those of Tamil Nadu, India by accessing our website, you agree that the statutes and laws of Tamil Nadu, India without regard to the conflict of laws and the United Nations Convention on the International Sales of Goods, will apply to all matters relating to the use of this website and the purchase of any products or services through this site.
Furthermore, any action to enforce this User Agreement shall be brought in the federal or state courts located in Tamil Nadu, India. You hereby agree to personal jurisdiction by such courts, and waive any jurisdictional, venue, or inconvenient forum objections to such courts.
CANCELLATION AND REFUND: Cancellation of order is not possible once the payment has been made. No refunds will be given except in the event of cancellation or non-performance of service by Corporate Shastra.
GUARANTEE: UNLESS OTHERWISE EXPRESSED, corporateshastra.com EXPRESSLY DISCLAIMS ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.
CONTACT INFORMATION: If you have any questions or comments about these our Terms of Service as outlined above, you can contact us at: Phone : +918904274098, or Email us at: info@corporateshastra.com
2) Terms & Conditions applicable to our Incorporation, Startup and Registration services
For bank account or payment services, your name, phone number, and email will be shared with a bank of your choice, with your consent. Banks reserve the right to open or decline your request based on their policy.
If you wish to register a Partnership Firm with the Registrar of Firms of the respective states, additional charges as applicable, will be payable and conveyed upfront.
Up to 4 name options can be provided in one RUN name approval request.
Authorised capital is the number of shares a company can issue at any time, which can be increased further. Paid-up capital is the amount shareholders invest, which can be even Rs.2.
Statutory Auditor fees are payable on actuals directly to the Independent Auditor appointed by the Board of Directors. All companies must appoint an Independent Statutory Auditor of their choice within 30 days of incorporation.
Corporate Shastra provides 2 DSC Hyper Token & support for KYC and DSC shipping with each incorporation. As per CCA Guidelines as on 15th July, 2024, the DSC Application will have to make direct payment to the Certifying Authority for certificate and KYC.
Additional authorised capital can be purchased if required at the time of incorporation. The price for additional authorised capital can be provided upon request.
Clients are responsible for paying stamp duty, which varies depending on the state of incorporation and the company's registered capital. Below is a detailed list of stamp duty charges based on State and capital range:
State | Stamp Duty | |
Company Capital Upto Rs. 1 Lakh | Company Capital - 1 Lakh to Rs. 10 Lakh | |
Gujarat | 620 | 5120 |
Karnataka | 10020 | 10020 |
Kerala | 3025 | 3025 |
Madhya Pradesh | 7550 | 7550 |
Punjab | 10025 | 15025 |
Rajasthan | 5510 | 5510 |
Please note that stamp duties are based on the latest regulations and may be subject to changes. Clients are advised to confirm the current rates at the time of incorporation.
3) Terms & Conditions apply to our Intellectual Property services like trademark, patent and copyright.
Prices unless mentioned otherwise are for one class. Any additional class will be chargeable extra.
Corporate Shastra or its employees shall make no recommendations regarding names for trademark filing and cannot confirm the availability or guarantee registration.
It shall be the client's responsibility to confirm the accuracy of the information provided in trademark forms. Corporate Shastra disclaims all liability with regard to information that is incomplete or false.
Corporate Shastra shall not be held responsible for any objections, refusals, oppositions, or other issues that may arise during the trademark registration process. The client acknowledges that such matters are beyond the control of Corporate Shastra.
Corporate Shastra cannot guarantee that the trademark will be accepted or registered by the Trademarks Office and/or through the objection reply process. The acceptance and registration of a trademark are subject to the discretion and approval of the Trademarks Office. While Corporate Shastra will make reasonable efforts to assist the client throughout the process, ultimate approval is not guaranteed.
The client is responsible for tracking the status of their trademark application on the IP INDIA portal. Corporate Shastra may provide assistance or guidance, upon request.
Corporate Shastra cannot be held accountable for Show Cause Hearings or other issues that may arise during the Objection process. The client acknowledges that such matters are beyond Corporate Shastra' control.
Corporate Shastra will maintain client data confidentiality unless compelled by a court, administrative agency, or other governmental body.
4) The following Terms & Conditions apply to Tax and Compliance services
Corporate Shastra will provide services based on the services availed by the client. Invoices will be issued periodically.
The final pricing of the services provided will be contingent upon the Goods and Services Tax (GST) scheme opted for by the client with the relevant tax authorities.
CA verification of the Income Tax Return will incur separate charges.
The Client is responsible for verifying the accuracy, reliability, and completeness of all information in returns/filings as well as the accounting records and particulars furnished, prior to approval and signature.
The Client is also obliged to disclose all material and relevant information.
Corporate Shastra shall not be held liable for any issues that may arise from incorrect or incomplete information provided by the Client.
All data provided by the Client will be kept confidential by Corporate Shastra and not disclosed to third parties without your consent, except as mandated by law, court order, or professional obligation.
Should you grant us permission to disclose your confidential information under specific circumstances or set conditions on such disclosures, we will comply by disclosing the relevant information as permitted in the course of providing our services, unless otherwise directed by you in writing.
The client will be responsible for paying all government fees, penalties, statutory audit fees, and taxes related to the engagement on actuals. Corporate Shastra Accountants will solely be responsible for the preparation of accounting records and statutory returns.
Clients are required to provide reasonable access to relevant individuals and documents, and are responsible for the completeness and accuracy of the information supplied to us.
Any advice provided is based on an opinion formed from understanding the client's specific circumstances.
The client should be aware of the due dates and required compliances under various laws, acts, regulations, and rules. The client is solely responsible for adhering to all applicable legal compliances and will be liable for any penalties or losses incurred due to non-compliance with any applicable laws, rules, regulations, and acts.
Pricing for GST Return, TDS, ITR Return, and PF Return filing is applicable to businesses with a turnover up to INR 20 lakhs and a workforce of 10 employees. Additional charges will be incurred for businesses exceeding these thresholds.
Additional Terms for Partnership Compliance / Company Compliance / LLP Compliance:
Package prices are applicable for businesses with a turnover up to INR 25 lakhs, with additional charges applicable for every subsequent INR 25 lakhs of turnover. The cost of compliance filing may vary based on the size and complexity of the business.
Client availing for Tax & HR Assist Package, the pricing shall be applicable for 5 Employees. For more than 5 Employees, additional charges shall be levied for each employee.
TDS Filing prices are chargeable on Quarterly basis.
ESI, PT, PF prices are chargeable on a Monthly basis.
In the said packages, the prices are applicable for 100 Invoices in a month. Bulk import charges per 500 Invoices are applicable.
Service credits are a form of credits provided to preferential, prime or loyal customers who are part of Corporate Shastra and availing services from Corporate Shastra.
Service credits provided by Corporate Shastra cannot be encashed. The credits can only be utilised for Corporate Shastra services. Service credits can only be utilised for the business against which it received and hence not transferable in nature.
Startups making a payment of INR 19899 for managing compliance for a company will be eligible for INR 5000 service credit.
Additional Terms for Winding Up - Company / LLP:
A Company that has not commenced its business within one year of incorporation, or has not been conducting any business or operations for two consecutive financial years without applying for dormant status under section 455, and has no recorded transactions, revenue, assets, or liabilities during this inoperative period, is eligible for strike-off.
A Company issued with STK-1 or STK-5 notices must fulfil all compliance requirements before filing STK-2. Commencement of Business is a prerequisite for applying for STK-2. All Directors must unanimously intend to remove the company's name from the Registrar of Companies and must sign all pertinent documents.
Furthermore, the Directors' DIN eKYC and DSC must remain active until the e-filing status of the Company is updated to "UNDER PROCESS OF STRIKE OFF."
A Company should not close its current account if there is an expectation of receiving refunds, chargebacks, or subsidies. The winding-up process may commence once all receivables have been credited to the said current account to prevent any financial losses. Upon receipt of these receivables, the account may be closed, and the winding-up engagement initiated.
The closure of the current account, as well as the cancellation of the Professional Tax, Import Export Code, Trade Mark, and ESI & PF registered under the company's name, must be executed by the authorized director through offline procedures with the respective organizations.
A company is ineligible for strike-off if it has changed its name or relocated its registered office to another state, disposed of property or rights (subject to conditions), or engaged in any activities beyond those necessary or expedient for making an application under the relevant provisions. Additionally, a company cannot be struck off if it has filed an application to the Tribunal for a compromise or arrangement and a consensus has not yet been reached, or if it has been wound up under Chapter XX, whether voluntarily, by the Tribunal, or under the Insolvency and Bankruptcy Code (IBC), 2016.
The STK-2 form for winding up is not applicable to Section-8 companies, Nidhi companies, subsidiaries, or public limited companies.
Corporate Shastra assumes no responsibility for the rejection of STK-2 filings if the Client instructs us to file without fulfilling the required eligibility criteria.
Additional charges will apply if the BANK ACCOUNT STATEMENT transactions exceed 100 entries.
Government fees amounting to Rs.10,000, costs for stamp paper, notary services, and any applicable tax payments and penalties will be borne by the client.
In the case of LLPs, the client is responsible for an additional government fee of Rs 1,000.
The listed pricing for LLPs applies only to LLPs that do not possess any assets or liabilities.
Separate forms must be filed with the Ministry of Corporate Affairs (MCA) for updating the registered office address or email ID, and for adding or removing partners, with additional charges applicable.
LLPs are required to file FORM-3 within 30 days of incorporation. Failure to meet this deadline results in a penalty that must be settled prior to submitting FORM-24 for the closure of the LLP with the Ministry of Corporate Affairs (MCA).
5) The following Terms & Conditions apply to Refunds and Cancellations
At Corporate Shastra, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet. However, in case you are not satisfied with our services, please contact us immediately and we will correct the situation, provide a refund or offer credit that can be used for future Corporate Shastra orders.
Refund Policy
When a payment of fee is made to Corporate Shastra, the fees paid in advance is retained by Corporate Shastra in a client account. Corporate Shastra will earn the fees upon working on a client's matter. During an engagement, Corporate Shastra earns fee at different rates and different times depending on the completion of various milestones (e.g. providing client portal access, assigning relationship manager, obtaining DIN, Filing of forms, etc.,). Refund cannot be provided for earned fee because resources and man hours spent on delivering the service are non-returnable in nature. Further, we can't refund or credit any money paid to government entities, such as filing fees or taxes, or to other third parties with a role in processing your order. Under any circumstance, Corporate Shastra shall be liable to refund only upto the fee paid by the client.
Procedure for Requesting Refund
To request a refund, please request a refund from the registered email to the relevant engagement manager. All refund requests must be made within 30 days of purchase. Refund request over 30 days will not be accepted and only credit will be provided for completion of service / change of service. We will complete processing your refund request within 6 weeks of receiving all the information required for processing refund like reason for refund, bank details for processing request, etc.
Change of Service
If you want to change the service you ordered for a different one, you must request this change of service within 30 days of purchase. The purchase price of the original service, less any earned fee and money paid to government entities, such as filing fees or taxes, or to other third parties with a role in processing your order, will be credited to your Corporate Shastra account. You can use the balance credit for any other Corporate Shastra service.
Standard Pricing
Corporate Shastra has a standard pricing policy wherein no additional service fee is requested under any circumstance. However, the standard pricing policy is not applicable for an increase in the total fee paid by the client to Corporate Shastra due to increase in government fee or fee incurred by the client for completion of legal documentation or re-filing of forms with the government due to rejection or resubmission. Corporate Shastra is not responsible or liable for any other cost incurred by the client related to the completion of the service.
Factors Outside our Control
We cannot guarantee the results or outcome of your particular procedure. For instance, the government may reject a trademark application for legal reasons beyond the scope of Corporate Shastra service. In some cases, a government backlog or problems with the government platforms (e.g. MCA website, Income Tax website, FSSAI website) can lead to long delays before your process is complete. Similarly, Corporate Shastra does not guarantee the results or outcomes of the services rendered by our Associates or, by those who are not employed by Corporate Shastra. Problems like these are beyond our control and are not covered by this guarantee or eligible for refund. Hence, delay in processing of your file by the Government cannot be a reason for refund.
Force Majeure
Corporate Shastra shall not be considered in breach of its Satisfaction Guarantee policy or default under any terms of service, and shall not be liable to the Client for any cessation, interruption, or delay in the performance of its obligations by reason of earthquake, flood, fire, storm, lightning, drought, landslide, hurricane, cyclone, typhoon, tornado, natural disaster, act of God or the public enemy, epidemic, famine or plague, action of a court or public authority, change in law, explosion, war, terrorism, armed conflict, labor strike, lockout, boycott or similar event beyond our reasonable control, whether foreseen or unforeseen (each a "Force Majeure Event").
Cancellation Fee
Since we're incurring costs and dedicating time, manpower, technology resources and effort to your service or document preparation, our guarantee only covers satisfaction issues caused by Corporate Shastra - not changes to your situation or your state of mind. In case you require us to hold the processing of a service, we will hold the fee paid on your account until you are ready to commence the service.
Before processing any refund, we reserve the right to make best effort to complete the service. In case, you are not satisfied with the service, a cancellation fee of 20% + earned fee + fee paid to government would be applicable. In case of change of service, the cancellation fee would not be applicable.