HOW TO RECRUIT THE RIGHT PERSON FOR THE JOB?

Put about 100 bricks in some particular order in a closed room with an Open window.

Then send 2 or 3 candidates in the room and close the door.

Leave them alone and come back after 6 hours and then analyze the situation.

- If they are counting the bricks, put them in the accounts department

- If they are recounting them, put them in auditing

- If they have messed up the whole place with the bricks, put them in engineering

- If they are arranging the bricks in some strange order, put them in planning

- If they are throwing the bricks at each other, put them in operations

- If they are sleeping, put them in security

- If they have broken the bricks into pieces, put them in information technology

- If they are sitting idle, put them in human resources

- If they say they have tried different combinations but yet not a brick has been moved, put them in sales

- If they have already left for the day, put them in marketing

- If they are staring out of the window, put them on strategic planning

- And then last but not least, If they are talking to each other and not a single brick has been moved, “Congratulate and put them in top management”

Strange mail from Axis Bank !!

I received the following mail from Axis Bank saying someone has tried to access my Axis personal account and that's why I'm alerted. The mail looks original but the point is that I'm no way connected to Axis Bank.....


"Security Alert!: Transaction Activity in Your Account!

Attention! Your Axis Online Banking Account has been violated!

Someone with IP Address 81.102.72.19 tried to access your personal account!

In accordance with Axis Online Banking User Agreement and to ensure that
your account has not been compromised, access to your account was limited.

Your account access will remain limited until this issue has been resolved."

Provident Fund - Procedures, Problems and Solutions

During my tenure as an HR person all these years, I have been approached by many people to clarify their queries on Provident Fund. Invariably, everyone has something to be clarified in this topic, but all are must-ask queries and significant. Many people are not even aware that they contribute some amount every month through their salary and it can be withdrawn / be transferred after they quit their services.

In order to explain what is Provident Fund, it's applicability, percentage to be deducted, the procedures, the problems faced by people while withdrawing / transferring and how to overcome those problems, I have come up with an article and I'm sure it would be useful for the readers.

Click here to read the article

Launch of Cogzidel Templates

We are glad to announce the launch of Cogzidel Templates (www.cogzideltemplates.com) - a bank for ready-made templates, themes and skins at unbelievable low costs.

Undoubtedly, it can be adopted;

- for famous open source scripts like Oscommerce, Joomla, Wordpress, Drupal etc and
- for social networking like Twitter, Orkut, Myspace etc

We offer our products at lesser prices, in order to convert every viewer as our customer, and at the same time, to make our products affordable for the interested mass.

We thank Major Karthik, the person behind this concept and Senthil Guru & Balasubramanian who help to convert the concept into reality.

Products are qualitative and prices are very reasonable, so what are you waiting for ? It’s time to download,,,,, go on and enjoy !!

Pls check: www.cogzideltemplates.com

Minimum Authorised Share Capital required for Companies in India

There are many important points to be noted before fixing up the authorised share capital of the companies in India. Here is my article that discusses this topic in detail.

click here to read.....it's interesting, don't skip

Rules about investments in trading companies in India

A trading company incorporated in India may issue shares or convertible debentures to the extent of 51% of its capital under the Automatic route to non-residents subject to the condition that remittance of dividend to the shareholders outside India is made only after the company has secured registration as an export / trading / star trading / super trading house from the Director General of Foreign Trade in the Ministry of Commerce.

click here for more.....

Foreign Direct Investments in India

Investment under sector specific guidelines

Investments by a person resident outside India can be made under the Automatic route if the investment falls within the sector specific investment guidelines. FIPB permission is required for investments beyond the sector specific investment guidelines, or where specific approval is required.

click here to know more.....

Foreign Investments in India

The Central Government’s liberalization and economic reforms programme aims at rapid and substantial growth and integration with the global economy in a harmonised manner. Industrial policy reforms have reduced industrial licensing requirements, removed restrictions on investments and expansion and facilitated easy access to foreign technology and Foreign Direct Investment (FDI).

click here to read more.....

India - An Attractive Investment Location

There are several good reasons for investing in India:

- One of the largest economies in the world with a stable democratic environment throughout 60 years of independence

- Large market size with middle class population of 250-350 million, along with increasing purchasing power reflected by remarkable increase in purchase of consumer durables in recent years

read more....

Business and Investment Climate in India

ECONOMIC FACTORS

The Indian economy rapidly integrates with the world economy. A foreign investor who is interested to undertake business in India will find tremendous opportunities. The Industrial Policy of India offers a great deal of freedom to business houses and entrepreneurs to make their own investment decisions.

India has seriously gone through more than a decade of economic reforms. Continuity in the economic / global liberalisation process and the political consensus that economic change necessitates has placed India on a growth path.....

read more....

Business Incubation and Bootstrapping Services - a solution for Startup Challenges

A nice article by my dear friend - Anand Nataraj. A must-read content...

Click here to read

Post-incorporation Procedures

What are the procedures to be followed after incorporating / floating / registering a company ?

Click Here for knowing the procedures

How to form a company in India?

It's been a dream for most of us to be an entrepreneur. Those who want to incorporate a company in India can go through my article to have a clear understanding of the procedures.

Click here to read the article

Tax Structure in India


1) Qus. : What are you doing?
Ans.: Business.
Tax: PAY PROFESSION TAX!

2) Qus. : What are you doing in Business?
Ans.: Selling the Goods.
Tax: PAY SALES TAX!!

3) Qus. : From where are you getting Goods?
Ans.: From other State/Abroad
Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

4) Qus. : What are you getting in Selling Goods?
Ans.: Profit.
Tax: PAY INCOME TAX!

5) Qus. : Where are you Manufacturing the Goods?
Ans.: Factory.
Tax: PAY EXCISE DUTY!

6) Qus. : Do you have Office / Warehouse/ Factory?
Ans.: Yes
Tax: PAY MUNICIPAL TAX!

7) Qus. : Do you have Staff?
Ans.: Yes
Tax: PAY STAFF PROFESSION TAX!

8) Qus. : Doing business in Millions?
Ans.: Yes
Tax: PAY TURNOVER TAX!

9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans.: Yes, for Salary.
Tax: PAY CASH HANDLING TAX!

10) Qus. : Where are you taking your client for Lunch & Dinner?
Ans.: Hotel
Tax: PAY FOOD & ENTERTAINMENT TAX!

11) Qus. : Are you going Out of Station for Business?
Ans.: Yes
Tax: PAY FRINGE BENEFIT TAX!

12) Qus. : Have you taken or given any Service/s?
Ans.: Yes
Tax : PAY SERVICE TAX!

13) Qus. : How come you got such a Big Amount?
Ans.: Gift on birthday.
Tax: PAY GIFT TAX!

14) Qus. : Do you have any Wealth?
Ans.: Yes
Tax: PAY WEALTH TAX!

15) Qus. : To reduce Tension, for entertainment, where are you going?
Ans.: Cinema or Resort.
Tax: PAY ENTERTAINMENT TAX!

16) Qus. : Have you purchased House?
Ans.: Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !

17) Qus. : How you Travel?
Ans.: Bus
Tax: PAY SURCHARGE!

18) Qus. : Any Additional Tax?
Ans.: Yes
Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!

19) Qus. : Delayed any time Paying Any Tax?
Ans.: Yes
Tax: PAY INTEREST & PENALTY