Ownership

Friends in Bollyscope,

Someone among you has to take leadership. You have to ensure that things are exiting. There seems to be an ownership crisis.

Rohit

Please update the status

Hi Shareholders,

Whats happening in Bollyscope? Please put your comments on blog and update the status..... Please update when can we have meeting to discuss the updates.... Logistic team please update the status of company name registration and website creation....

Amit Garg

temporary mail address

I have created temporary mail ID bollyscope.nitie@gmail.com.
Bollyscope micromovies can be submitted to this ID.

meeting@11 Good News

We discussed the future plan for the marketing of bollyscope-micromovie contest in NITIE... Posters are pasted in messes and classes.. we will announce the same in classes tommorow.... Shareholders please use your personal contacts to involve more participants in this event...........
All the Best!!!!

Meeting attended by:

Amit Garg
Preetish
Vikram waklu

The micro movie contest will finally be underway tomorrow .
here's what the posters look like .
cheers

No meeting

I came for the meeting @ 11 pm but no one was there for the meeting... Was it decided not to have the meeting today???... If you have some info please keep update on blog so that information is available to everyone....

Regards

Amit Garg

Please put some comments

Hello Shareholders,

Please keep updating the blog.... put some comments...

Milestone: Arriving at a workable business idea

Dear Shareholders,

After about 2 weeks of brainstorming, ideating, field visits,we have arrived at a workable business proposition. We will take a turn towards creative direction, and start building up in that direction. We are going to make micro-movies of various formats (sub minute, 2 minute, 5 minute, fit for TV, fit for movies, Mobile economy-MMS etc), on a variety of topics. These micro-movies would be shot using ordinary digital cameras, or maybe even mobile phone.

Using Windows Movie Maker we will process them, and give it finishing touches. Once we have mastered the art, we will offer the program to a larger creative audience, and at the same time discover markets for them.

The topics/themes could be:
a. Commercial Ad ideas
b. Entertainment
c. Talent Exhibition
d. Educational Concepts
e. Promotion of Social Causes
f. Commentary on Daily News

We also need to create an organization to do it professionally. The streams that would be required
a. Script Writers
b. Music Scores Creators
c. Actors
d. Editing & Technical Staff
f. Marketing Field Force

This would help us create an organization., and give us branding, when we can move into full scale commercial movie production.

I consider this as another milestone in the short evolution timeline of Bollyscope.


Rohit Tripathy

Posting rights to all shareholders

Hello All,
Posting invitations for the blog have been sent to all shareholders.
Pls accept the invitation thru the email you all have provided.

Thanks

Account status details

Currently we have 26 shareholders.
Total amount at hand is Rs 1,32,850--shares of worth Rs 1,28,000 and option premium as Rs. 4050.
Amount spent till is Rs. 450.
Cash at hand is Rs. 3550 and rest of the amount Rs 1,28,850 is in Jubin's account.

Persons requiring reimbursement kindly make a plain-paper signed voucher with detail itemised list of expenses and submit to me.
Reimburse will be done subsequently.
Thanks

Sankha

Company registration - from the legal cell

We have sent all the documents and related information to CS for starting the company registration process.
For preparing the Memorenda of Association, we need clearly defined objectives of the company. So, I would request all to put this up in next meeting agenda.

Thanks
Rahul

Message for Siddharth

Hi Siddhartha,

Thanks for yesterdays creative session. Your videos were very appealing. It has opened a lot of new avenues for Bollyscope.

Couple of thoughts on video that you presented..
a. the sound in the videos presented yesterday needs redoing. There was a lot of white noise in the background.
b. We may have to re-record the sound , and lip synch it by muting the video
c. The colors have to be enriched. We will have to figure out a software for that.

In addition to Windows Movie Maker, please use these also which will help in audio editing & video finishing. You can search google and download them. They are all freewares.


VIRTUALDUB
VirtualDub is an easy to use video capturing and processing program that works with any Video for Windows compatible device. It helps you to get video onto your computer by capturing it from a source like your web cam or other input device, and also to edit existing video files you may have. Capturing features include fractional frame rates, optimized disk access, create AVI2 (OpenDML), integrated volume meter and histogram for input level monitoring as well as Real-time downsizing, noise reduction, field swapping and more. Editing functions include AVI2 read/write/, integrated MPEG-1 and Motion-JPEG decoders and an extensive video filter set, including blur, sharpen, emboss, smooth, 3x3 convolution, flip, resize rotate, brightness/contrast, levels, deinterlace, and threshold. You can also remove and replace audio tracks without touching the video and apply bilinear and bicubic resampling without blocky resizes or rotates. In addition, you can decompress and recompress both audio and video, remove segments of a video clip and save the rest, without recompressing as well as preview the results, with live audio and more.

MESSER
Messer (Memo Session Sound Recorder ) is a software for for scheduled sound recording on PC. You can record from your PCs soundcard and output directly to PCM (.wav) or MP3 format. It can automatically stop and start recording at a choosen moment, optionally do simple processing on just recorded file (normalizing, mp3 compression..), then wait for another scheduled "recording session" and finally shut down the computer. Messer can do on-the-fly MP3 encoding


AUDACITY
Audacity is a free audio editor. You can record sounds, play sounds, import and export WAV, AIFF, and MP3 files, and more. Use it to edit your sounds using Cut, Copy and Paste (with unlimited Undo), mix tracks together, or apply effects to your recordings. It also has a built-in amplitude envelope editor, a customizable spectrogram mode and a frequency analysis window for audio analysis applications. Built-in effects include Bass Boost, Wahwah, and Noise Removal, and it also supports VST plug-in effects.


Thanks,

Rohit Tripathy

will open a promotional company which will organise a contest on a weekly basis in which one theme will be given by us to all upcoming creative directors, and the top five movies on any particular theme will be shown on a TV channel.
Siddhartha

Shift towards creative direction

After todays night discussions, it is felt that we should expand the basket of ideas we have along with Bollywood Tourism. Siddhartha showcased his creative videos which he had offered to Bollyscope as part of its intellectual property. These will be uploaded on Youtube.

Also, a deeper understanding of market is required. We need market understanding of the following:
a. Short Programs to the tune of half an hour
b. Advertisements
c. Full scale movies
d. Radio programs

Also, a ideation session will be done on innovative movie fund raising methods. Two mechansims have been suggested till now.
a. Retail Raising: Ordianry people will be asked to invest in a venture, and venture profits will be distributed to them.
b. Network Marketing methods: A network chain would be created, and a person higher on the network chain gets more.

More mechanisms are requested to be posted as comments.

Meeting with Ravi Khemu

We had an intense meeting with Ravi Khemu, Producer, Creative Manager. This was a second meeting for him, and first for me on behalf of Bollyscope. It lasted for about 3 hours. He had very strong views on how marketing be done, and he felt if you have the skills, you should be able to sell the unsaleable. We were seeing together a large number of issues, and disagreed on couple.

Finally we agreed up the following agenda:

a. Bollyscope (the new name of the company) should try to get into Industry Fund Management, and then it will be a very valuable vehicle. We discussed the example of Barak Obama who outspent Hillary Clinton on the back on retail support. (Hillary had bigger corporate backers, but she was outraised by Obama). If the same thing is done for movies, the dependence on uncredible sources could be reduced. Bolyscope will put up a plan in this regard, and get back to Ravi Khemu.

b. Ravi Khemu has worked with Shyam Benegal, and has agreed to get Shyam Benegal to talk to the shareholders/students. We propose, he should officially inaugrate the company, and unveil the logo. Three probable times need to forwarded to him, so that Shyam Benegal could come.

c. Ravi Khemu has himself accepted to come to campus and discuss his creative works. A suitable time needs to be arranged for him as well.

Rohit Tripathy

mom-17th July

• Some students from IM-14 proposed an idea to have a software to rate the various movies pre and post production. They will present their business plan on sunday, 20th July.
• Company logo has been approved.
• People called up some producers and directors
• A formal business plan to be made and mailed to various directors and producers.
• A flash presentation to be made by Tarang.
• Company name to be registered at the earliest possible.

Next meeting: Friday, 18th July, 11:00 pm

Phone Call to Producers.

We tried to contact different producers on 17th July .The status is as follows:

Aditya Pancholi - Number out of service

Aamir Khan Prod. Ltd - Spoke to the assistant regarding the venture.She told to send a detailed email regarding our company profile & business plan .

Anupam Kher - Spoke to the assistant regarding the venture.She told to send a detailed email regarding our company profile & business plan .

Anil Kapoor Prod. Ltd - Person at the other end directed to some other number which was not available.

Aziz Mirza - No one was available in the number

Boney Kapoor - He is out of town for a week.

Sanjay Gupta - He is out of Town.

Sanjay Leela Bhansali - The available number is out of service.

Regards

Preetish & Sambit

Phone call to Raj Kumar

I talked to his secretary Archana.. she told me to her call on 17/07/08. I will call her tomorrow...

Phone Call to am Gopal Verma

I called to RGV's office today but the lady on other side said that this number doen't belong to RGV/ RGV'studio. I trie both the Phone Nos given in directory but result was same. They were wrong numbers
Siddhartha

Phone Call Anurag Kashyap & Anurag Basu

The available number in the directory for both the person was wrong number.
Regards
Sambit

Phone Call Pritish Nandy

Tried to call in the available number.It was out of service.
Regards
Preetish

Phone call Ashutosh Gowarikar

Hi everyone,
I called up the office of Ashutosh Gowarikar; got his sec'y on the line. Told her that I'm calling from NITIE and I have a business proposition for which I would need an appointment with Mr Gowarikar in order to properly put forward the plan. Was given an email-id on which to post this communication, which I did. I intend to follow up tommorrow.
Regards,
Ken D'souza

meeting with rohit immediately in 10 min . venue 5th floor common room

Feed back from the first contact person

I met Mr Ravi Khemu , who is father of Kunal Khemu (Kalyug , Traffic signal , Dhol and Superstar).
He is also a medium scale producer , and actor . He has been in the industry for nearly two decades , and is very well connected in bolly wood .

I presented the Bollywood tourism Business plan to him .
And he told me it won't work .

His logic is as follows :

1. Producers spend lakhs of rupees in rent for places in studios , and film cities .
This is for the sole purpose of NOT having a crowd around .
2. They have to hire expensive and extensive security for keeping crowds away if present .
3. The only thing really worth showing on Indian movie shoots is the movie star .
So if there is a crowd of 50 people are hanging around the sets , waiting to meet the star and
the star spends even 20 min out of the 2 hours on the set , signing autographs , and posing for
photos , the producer looses money to the tune of 10 s of lakhs , which we can in no way hope
to reimburse .
4. The interaction between the stars and the crowd is inevitable , since there is very little else
the crowd will be interested in , and even the stars tend to be attention hungry .
The only person who loses out in the game is the producer , who also happens to be the person
who has to give us permission to come in in the first place.
5. The monetary value we offer to a producer is literally loose change for him .

This comes straight from the horse's mouth .
So i think we'll either have to really modify our approach or look for other avenues .

One positive thing that came out of the meeting is an alternative business plan :
In movie advertisement .

We would need to contact corporates and FMCG companies , figure out who'd be willing to advertise in a movie , negotiate which stars they want , and what price they are willing to pay , then connect them through to which ever production house is willing , and take our cut out of the deal .

awaiting your feed back .

MOM: 15th July

A. Expenditure records are to be maintained..
Sankhashbra is responsible for the same...called Accounts manager
Actions:1. To open a google doc.(Electronic doc for accounts and hard copy of all the bills)
2. Keep the hard copy of all the bills(Those who spent will submit the bills to him and also a detail sheet signed .(Unvouchered to be written for those expenses which could not be billed)
There will be internal and statuatory audits.

B. Actions to be performed; Name legalisation, directors related issues, Cards , Letterheads..
Responsibility : Legal and logistic Team.
C. Actions: LOGO : Ajit and Varun
D. Responsibility to talk with different personalities :
Amit Garg: Raj Kumar Hirani :
Vikram : Madhur Bhanadarkar
Mahesh Bhatt
Rajat kapoor
Uzzawal Banerjee
Anupam Kher
Ken Dsouza: Ashutosh Gowarikar
Preetish : Imtiaz Ali
Sidharth : Ram Gopal Verma
E. Action : Reading the blog : All
F. Action : Financial Manager : Sanchit
G. Program Design: Music Direction and action.
Digital recordding and dubbing studdio
Playback singing
choreography
Cinnematography
Editing
Film Institutes
Locations
Animations and computer Graphics
Video recording and distribution
H. Web site design:
Virendra
Tarang
Ajit

I. Resaerch Team: To look into finances involved in the making of a music vedio.
Attendees: 25 people
Ram Ganesh Mathur
Prachi

MoM-14th July

Agenda of the meeting: To make plans for converting ideas into tangible work.

Factors to be considered:
(key factors have been marked 'k')

• (K)Transport
• (k)Venue
• (k)Duration
• Lunch
• Guide
• (k)Customization
• (k)Customer sourcing
• (k)Technology
• Souveniers
• Medical Insurance
• (k)Interaction packages
• On-tour facilities
• (k)Cross sale discounts
• Group discounts
• Booking mechanism
• Program promotion
• Loyalty package, onward journey

Details:

Venue:

1. Studio in Mumbai
2. Local outdoor trips
3. International locations
4. Technical tours

customer Sourcing:

• Brochure
• Website
• Youtube

Possible implementation plans:

1. Program code #1

Find out domestic/ interantional shooting schedules. Negotiate with the producer to attach the customers acquired to the crew. Provide them with all the basic facilities and a guided tour. The producer will arrange the logistics. We will offer a certain percentage to the production team.

Program code #2 (plain Vanilla)

Get a studio/Studios, guide, transportation. Take the customers for a tour.

Program code #3 (customer sourcing)

Source customers whenever you can and fit them into the existing infrastructure of companies which run or used to run similar tours.

Action items:

Contact Mahesh Bhat and Madhur Bhandarkar

Owner: Vikram Due date:15/7/08

contact Ram Gopal Verma

Owner : Siddhartha Due date:15/7/08

Contact Popcorn and other tour operators

Owner: Vikram Due date:16/7/08

Procure bollywood directory.

Due date: 15/7/08

Members present:14 members were present

Next meeting: 15th July, 11:00 pm

Future is being shaped

Decision about meeting

We will meet at "ntretainment" office (Hamara dhandha office) everyday for next two week 0n 11:00 pm .
All intrested are welcome.

Website generation

All are requested to come forward to design a website for "ntretainment".
It would be highly appreciated if people with sufficient technical skills come forward.

Please contact:
Vikram : 09923177619
Ram Ganesh Mathur:098333723478
Ajit: 9819866358

Here the "Ntretainment" comes

The name for the company is finalised as "Ntretainment Private Limited".
Now no further suggestions will be "ntretained".

On behalf of all the present in room no 504.
Ram Ganesh Mathur

Agenda: Competition SMS dimensions

1.How to set up SMS lines.

2. Distribution of revenue in between the telecom company and concept originator.

3. Back Hand sysytem for computing SMS counts.

Share's price shooted by 20%

Hello Shareholders,

Great news for shareholders!!! Price of shares incresed by 20% and 4 new shareholders purchased our company share @Rs. 12 with a premium of Rs.2 per share.....

Shareholders list subject to confirmation with Legal team

Hello Leagl team,

Please verify the list of shareholders published. Once you confirm, we can publish a final list of shareholders with their respective equity share.

Ntrepreneurs nite-out

Shareholders' List

Note

Please note that the points 12~17 are related to life cycle of usic vedio in IDEA 007.

Idea 007:Life cycle of a music album: to find out the business opportunities

1.Concept is to be created by a concept originator...it can be punjabi pop or rock or anything else.
2.Find a person who can write lyrics.
3.Create music till the extent that the sample can be given to a recording company.
4.Find a record studio which will do the recording for the song.
(Typical rates are five thousand Rs for per hour)
5.Find a recording company (aproach multiple company to find out who entertains you..monetary constraints are there to clinch a recording studio.)
6. Give the sample music to the reporting company.
7. Record flow company is going to decide if it is going to record your song.
8. Start recording an album.
9.The record company starts test marketing with student community/small marketing companies.
10.Parallely craete a music vedio.
11.Guaging the response, company to decide for mass prodduction.
12.Need to know how the fees of the models are communicated (fees fixing mechanism) for models.
13.Perhaps there are agencies for this so to find out the addresses and contacts.
14.Arrange a guest lecture from Akbar(suggested by sandeep).
15.To contact Swati(suggested by Preetish) creative professional from 9x entertainment.
16.Develop relationship with all major music houses to explore the possibility of initiating a business tie up to test marketing of music albums.
Tips,sony,tseries,HMV,Venus,Big Music.
17.We can find out those who are ready to invest and those who are in the search of making a music album, and make them meet together.
"Ntrepreneurs" may offer life cycle management services.

On behalf of all people present in room No 504.
Ram Ganesh Mathur

New team called Agenda Team is formed which will act as a think tank and set the agenda that will be executed by field team.

Anyone can contribute to suggest the agenda and agenda team will finalise.

Agenda for tomorrow:

1. Visit tomorrow to Popcorn entertainment; Owned by Sunil shetty..agenda is to explore that how the bollywood tourism works.

2. Visit tomorrow to Rhythem and Hues India which is a production house to explore the life cycle of the production processes , specifically special effects process.

3. Visit to Red chilli to understand its working.

4. Case study of Amitabh Bachhan Corp. Limited.

Idea finalization meet

Room no 504 new hostel

Attendees : Rohit Tripathi
Vikram Wakhlu
Ajit Pokharkar
Ram Ganesh Mathur
Amit Garg
Sankalp Sharma


Bollywood Tourism has been shortlisted for deeper evaluation , and practicality and feasibility study .

The following poeple had volunteered for executive team :

Amit Garg
Ram Ganesh Mathur
Pranav Tripathi
Ken D'Souza
Shreya Bhattachrya
Mayank Choudhary
Vikram Wakhlu
Ajit Pokharkar


Directors of the company :
Vikram Wakhlu
Preetish Kumar

One more director will be selected later.

IDEA 006 : Consolidated Business plan

This idea is aimed at maximizing the utilization of our companies available resources , by expanding our possible customer base , by diversifying the operations .

If IDEA 005 , is unable to keep us constantly occupied , we shall bring IDEA 006 into play :

we shall offer advertising services to small and medium business , who need advertising to beat the larger competitors , but have a very limited advertisement budget .

We shall take up the clients product/ services and as per his need either :
1 redefine his target customer base .
2 Redesign his advertising campaign .
3 If he so desires , implement it in the various mediums deemed right from step 2 .
this may include internet advertising , news paper ads , actual printing of brochures / posters /banners etc .

Target Clientele :

SEEPZ has a huge collection of such small to medium businesses who could do with advertising , to either expand their business , or to just get it going .

We could also target small and medium stores in the Hiranandani area .

Advantages :

Little or no initial and running cost , since we'll primarily be working on our laptops .

It will exercise our marketing skills , since selling to small enterprises is quite difficult .


Awaiting comments and suggestions .

IDEA 005

Considering we are all engineers , mostly with prior work experience ,
I feel we must utilize our core competency , which is our engineering minds and experience .

The plan is to start an Engineering Consulting Company .
This company will let out its resources to engineering and non engineering firms ,
to conduct surveys , studies etc , on or off the facilities of the client .

Once the company tells us its requirements , we will devise the survey / study for the issue ,with the required focus and at the desired depth .
We shall execute the project at our convenience , unless its an express requirement , for which we can charge a premium .

Advantages :

1. Being NITIE students , we have relatively easy access to a lot of engineering and FMCG firms eg L&T , and P&G , since the management is heavy with NITIE graduates . So getting projects should not be a major hurdle , assuming availability of projects .

2. The projects them selves will not be excessively time intensive , so other areas (like academics) that require our attention will not suffer .

3. Initial Capital investment required is nearly zero .

4 . Running costs are nearly zero .

5. So it means almost immediate profitability

6. Lots of Prospective clients in the surrounding area . (L&T , SEEPZ , UHDE etc)


Disadvantages :

1. No guarantee of available projects .(but that's a limitation of almost any plan)

Unique selling Proposition :

We will be offering them services at a fraction of market cost , assuming such companies do exist .

Sustainability :

Depending on the success at the end of two years , we can involve future NITIE batches
and continue the good work .

Awaiting your feedback .

Name For The company

The following names were shortlisted for the company :

1. EdgeCon Pvt Ltd (Logic : Cutting Edge consulting services )

2.Brain Box Pvt Ltd (Similar logic as above)

3.AceCon Pvt Ltd

The preference of names is in the order that they are mentioned .

Education Consultancy (IDEA004)

Education field is not enough mature in India and we can find a lot of opportunities in this field.
We have rich talented people and a lot of talent searchers. We can be a common point of contact between these two people. Education consultancy is needed at each level starting from school, engineering colleges, B-schools and much more in CORPORATES.
We can start a company where all the talented people in various fields, technology and domains can register with us and we can provide their service to the needed persons/companies.
Everyone(Students, employees) wants to earn extra money, so that we can provide a good platform to all the experts to invest some time in this activity and earn a good amount. We can specially target students which can provide really good service and at a much cheaper rate than the price of an existing institute.

Also there are many high level programs like Project Management/CFA/CRM/Advance supply chain management/SAP/Informatica and various more which provide students a good opportunities to earn money. There are so many people in b-schools who want consultancy about these certifications, and if we have any such person in out talent database, he can provide consultancy and training and can earn a good amount of money with small investment of his time.

Also corporate need some expert lectures/training and we can provide them experts from our talent database

There is a hierarchy at every level like engineering colleges, IITs then NITS then private colleges, so if a group of students for a private college need some expert in some subject like data structure or java or networking we can arrange a student from IIT or an interested person from corporate…. This will be a win-win situation for both of them.
This concept can really help students to earn while studying and also help corporate employees to earn extra money.

MoM 7th July

Following ideas were frozen
1. Talent Hunt(IDEA001)
· Lyricist
· Video Recording studio Information
· Album Creation
· Exposure into malls
· Models talent management
2. Bollywood Tourism(IDEA002)
3. Sports Talent exposure(IDEA003)

These ideas have been finalised and everyone is requested to pour in with comments to develop on these ideas. Please mention the idea code while posting.

Also it was decided that following guidelines should be followed strictly
1. No deadline extension
2. No postponement of company related activities


Members present: Mr.Rohit Tripathy, Dr. T Prasad Sir, Jubin Gandhi.

MoM 3rd July

1. Ideas for the business to be submitted by 15 th July,'08 on ntrepreneurs.nitie@gmail.com
2.Shareholders should post their profiles by 3rd July and their cvs by 5th July.
3. Nominated members are required to deliver a 2 min speech in the next meeting. It will be followed by director elections.
4. Few executives from companies like KPMG, etc. will be present in the next meeting.
5.Company Jingle to be prepared at the earliest possible.

Members Present: A total of 22 members were present.
Next meeting: 7th July, Monday.
6:00 pm
Dhandha Office

Important Notice : Solving your queries n doubts....

Guys/Gals,
MailID for our company is : ntrepreneurs.nitie@gmail.com
Please drop your queries n doubts at this mail id only....
As of now please mail in the following,
1. For 32 shareholders :- Drop your CVs and short profile containing (email id's, phone numbers,have you applied for TiE members). - Very urgent..
2. For Batch: Please suggest - Very Urgent
i) Ideas for Name of company.
ii) A slogan which we many times repeat while we are engaged in working.
iii) A typical song whenever we meet.
iv) A typical mannerism which reflect our common thinking.
v) List of Board Directors your votes.
Note: ii), iii) and iv) are required for culture building of our organisation.....

Please mail in all above to ntrepreneurs.nitie@gmail.com A.S.A.P.
Subject of your valuable mails should contain
1. "NoC: XYZ " for sending company name.
2. "Profile: " for shareholders' profile...Please send your CV in .doc and profile in .xls format only...
3. "Vote: " for voting of shareholders.

Every member is as valuable as that a COE or an MD is.... your feedback is most valuable to move ahead successfully.......

Constraints For The B Plan of company formation

Constraints For The B Plan of company formation
1. Starting and operating Capital not to exceed one lakh.
2. Time horizon for the plan is two years minimum, with the target of crossing break even in six months***.
3. There must not be any requirement of office so the alternative interface with client shuold be provided e.g. web portal.
4. Man Hours available per day are 32 on an average.
5. There is no scope for additional capital raising by taking loans.
6. Area of physical operation must be within five Km radius of NITIE campus(Not the area of business).
*** This is not hard and fast,subject to the attractiveness of the rest of the plan.

MoM 2nd July 2008

1. Last date for fund collection has been extended till 5th July, 2008.
2. Funds for both Equity and Options will be accepted in cash/check/online transfer.
Cash – Please hand it over to Mr. Jubin Gandhi Room 420 PGP Hostel 5.
Cheque – In favour of Jubin Gandhi
Online Transaction – ICICI Bank account number 623501522217
Note: Fine of Rs.100/day is applicable in-case of delay.
3. Elections for Board of Director has already been started on 30th June 2008. Please mail your list of four members from candidates listed in previous blog to.
4. Currently community of 6 people are handling all the formalities
a. Mr. Jubin Gandhi - ITM
b. Mr. Vikram Wakhlu – ITM
c. Mr. Ram Mathur – IM
d. Mr. Pritish Kumar – IM
e. Mr. Rahul Kumar – ITM
f. Mr. Sachin Kumar – IM
5. Please suggest name for company as per the guidelines.
6. List of Equity holders are as follows:
Name Amount
Vikram 10000
Anand 5000
Karthik 2000
Somansh 2000
Prakash 2000
Varun 5000
Shambik 5000
Amit Garg 2000
Pritish 9000
Girish 5000
Ajit 5000
Prachi 2000
Ken 2000
Venu 2000
Siddharth 2000
Ram Mathur 2000
Ramanathan 7000
Nishit 3000
Sriram 2000
Sambit 8000
Tanay 3000
Santosh 2000
Vishal 3000
Ritesh 2000
Tarang 2000
Rahul 2000
Sneh 2000
Amit 2000
Aniruddha 2000
Swati 2000
Sankalp 2000
Rohit Tripathi 50000
Sankha Subra 3000
Pranav 1000
Vaibhav 1000
Suyash 2000
Varun K 3000
Total Amount : 166600
We all together can do miracles.... :)

Thanking You,
Jubin Gandhi.

Nominated members

Following members were nominated:

1.Vikram

2.Sankhal

3.Prakash

4.Sambit

5.Venu

6.Ram Mathur

7.Karthik

8.Nishit

9.Girish

10.Sachin

11.Pritish

12.Swathi

p.s.: The next meeting has been rescheduled on 3rd, July, 6 p.m., Dhandha office.

Regarding payments

All the equity payments can be made in cash to Jubin Gandhi. The shareholders are requested to deposit their money as soon as possible.

Minutes of the meeting: 30th June,2008

Date of the meeting: 30/06/08
Place of the meeting: Dhandha office, NITIE,Mumbai
Agenda of the meeting:
1. To appoint the board of directors
2. To discuss about the possible business ideas
3. To come up with a relevant name for the company
Minutes of the meeting:
1. Director's appointment:
12 shareholders nominated. All the shareholders were asked to vote for their choice of four among the twelve nominated members. Votes are supposed to be submitted via e-mail to Jubin Gandhi by 12 noon, Tuesday, 1 st July.
2.Business plan
Each of the shareholder is required to come up with a feasible business option to be further
discussed in the next meeting. The five best among these will be selected and presented before the profs.

Members Present:
All the shareholders were present.
Next meeting:
Wednesday, 2nd July, 2008. 6:00 pm
Agenda of the next meeting:
1. Final selection of the directors
2. Selection of the b-plan

Prerequisites for Opening a Company

Steps to be taken to get a new company incorporated:
• Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.

• Ensure that the name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names by availing the services of checking name availability on the portal. Justification of company is required.

• Apply to the concerned RoC (Registrars of Company) to ascertain the availability of name in eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant proposing the company has to be attached in the form. If proposed name is not available, the user has apply for a fresh name on the same application.

• After the name approval the applicant can apply for registration of the new company by filing the required forms (that is Form 1, 18 and 32) within six months of name approval
l
• Arrange for the drafting of the memorandum and articles of association by the solicitors, vetting of the same by RoC and printing of the same.

• Arrange for stamping of the memorandum and articles with the appropriate stamp duty.

• Get the Memorandum and the Articles signed by at least two subscribers in his/her own hand, his/her father's name, occupation, address and the number of shares subscribed for and witnessed by at least one person.

• Ensure that the Memorandum and Article is dated on a date after the date of stamping.

• Submit the following eForms after attaching the digital signature, pay the requisite filing and registration fees and send the physical copy of Memorandum and Article of Association to the RoC.

• After processing of the Form is complete and Corporate Identity is generated obtain Certificate of Incorporation from RoC.


Meetings and Audits
1. Every Company should conduct at least 1 Annual General Meeting and 4 Board Meeting.
2. Balance Sheet and Annual Returns should be maintained and filed time to time.
Board of Directors
1. At least 2 directors are required and maximum 12 directors can be there.
2. 2 Directors should have their DIN (Director Identification Number) and submit copy of digital signatures.

Registered Office
1. Registered office is mandatory in order to get notices and certificates from MCA(Ministry of Corporate Affairs).

Company Registration Stamp Duty
1. If minimum capital investment is Rs. 1,00,000 then stamp duty of Rs. 1440 is applicable.

Documents and Registration
1. PAN Number - Company
2. Service Tax Registration – Company
3. Professional Tax Registration – Directors and Employees.
4. TAN (Tax Deduction Account Number) – Company.

Other
1. Expense and Earning Details to be maintained.
2. Share certificates to be issued to all share holders (Maximum 50 Shareholders).

Note: Opening a company is easy, winding it up is costly.

Estimated Cost for Opening a Company
Company Name Registration: Rs. 500
DIN for each Director (Req. : ID proof,address,2 photos): Rs. 204 for 2 directors
Digital Signature: Rs. 4800 for 2 directors
Stamp Duty: Rs. 4896 on 1 lac capital investment.
Total Amount : Rs. 10400

Renewal of Digital Signatures - Rs.700 Every 2 years/Director