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Comprehensive Guide to Corporate Tax Registration and Filing in UAE

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In the United Arab Emirates (UAE), corporate tax registration and filing are essential obligations for Taxable Persons, governed by the Federal Decree-Law No. 47 of 2022. This comprehensive guide outlines the key elements, processes, and deadlines associated with UAE corporate tax, emphasizing the importance of seeking expert assistance from Tax Consultants in UAE for seamless compliance.

Who Must Register for Corporate Tax in the UAE?

According to Federal Decree-Law No. 47 of 2022, taxable persons are mandated to register for corporate tax unless qualifying for specific exemptions outlined in the regulations. Even entities eligible for exemption under the decree-law or functioning as applicable unincorporated partnerships must register and obtain a Tax Registration Number (TRN) to qualify for such exemptions.

Corporate Tax Registration Process:

Initiating the corporate tax registration process involves corporations registering their trade license with the Federal Tax Authority (FTA) to secure a Tax Registration Number (TRN). This entails completing an online registration form and submitting requisite documents, including and not limited to the trade license and articles of incorporation. Once registered, businesses receive a TRN for use in all tax-related documents and filings.

Key Components of Corporate Tax Registration in the UAE:

  • Taxable Entities: Identification of entities subject to corporate tax, such as limited liability companies, partnerships, branches of foreign companies, and free zone companies (unless exempted).
  • Tax Registration: Businesses meeting corporate tax criteria must register with the FTA, providing accurate information about their trade license, ownership structure, financial records, and contact details.
  • Taxable Period: Determination of the taxable period by the FTA based on the company’s fiscal year, emphasizing accurate accounting records and timely filing and payment of taxes.
  • Taxable Profit Calculation: Application of FTA guidelines to calculate taxable profit, considering applicable tax rates and making necessary adjustments, deductions, and exemptions.
  • Tax Returns and Payments: Obligation for companies to file tax returns within specified time frames, including submission of required forms, statements, and supporting documents, with timely settlement of tax liabilities.
  • Accounting and Record-Keeping: Maintenance of accurate accounting records and supporting documents for at least five years from the end of the taxable period.
  • Auditing Requirements: Possible auditing requirements based on turnover and criteria, with the potential need for audited financial statements during tax assessments or investigations.
  • Penalties and Compliance: Awareness of penalties and fines for non-compliance, underscoring the importance of staying updated on tax regulations and promptly responding to tax authorities.

Corporate Tax Filing Process in the UAE:

The corporate tax filing process involves the following steps:

  • Obtaining a TRN: Businesses must obtain a unique TRN through the FTA’s online portal by providing essential information, including their trade license number, legal entity name, and contact details.
  • Keeping Accurate Records: Maintenance of accurate financial records, including income, expenses, and assets, for a minimum of five years, available for inspection by tax authorities.
  • Preparing the Tax Return: Ensuring the preparation of the tax return with all necessary documents and information, utilizing the tax return form provided by the FTA.
  • Submitting the Tax Return: Submission of the prepared tax return through the FTA’s online portal before the deadline to avoid penalties.

Deadlines for Corporate Tax Filing:

Companies in the UAE must file tax returns annually, with deadlines based on their financial year-end. The deadline for companies with a financial year-end of 31 December is 31 March of the following year. For companies with different financial year-ends, deadlines vary accordingly.

Choose UAE Tax Consultants:

To navigate the complexities of corporate tax registration and filing, it is advisable for taxable persons to engage seasoned tax consultants in the UAE. These experts provide invaluable assistance in ensuring seamless compliance with corporate tax regulations and standards. Thus, contact Farahat & Co today for comprehensive support in corporate tax matters and we shall be glad to assist you.

Reference: https://mof.gov.ae/wp-content/uploads/2022/12/Federal-Decree-Law-No.-47-of-2022-EN.pdf

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VIHTRIBEZ: The Fusion of Creativity and Commercial Success

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Finding the balance between creativity and commercial success can be elusive in a world where content is king. Enter VIHTRIBEZ, a community founded by two dynamic individuals, Mithyll Dave and P. Swarnalata, who have combined their years of experience and passion to create a unique space for creators and entrepreneurs.

VIHTRIBEZ isn’t just another business or creative community; it’s a thriving ecosystem where storytelling and content creation are elevated into a powerful tool for brand building and revenue generation. What sets VIHTRIBEZ apart is how it marries the art of creativity with the science of commercial viability, creating a harmonious balance between the two.

The Visionaries Behind VIHTRIBEZ

Mithyll Dave, a seasoned content strategist, podcast wizard, and solopreneur coach, has been helping creators and entrepreneurs find their voice and monetize their passions. His partner in this journey, P. Swarnalata, is an accomplished writer, author, and the founder of Dastan Media. This storytelling hub helps businesses and professionals build their brand stories through different storytelling formats. Together, they have formed VIHTRIBEZ, a community that caters to creators who want to tell their stories and achieve sustainable success.

“VIHTRIBEZ was born out of our passion for creating content and our experience of generating revenue and brand value through content,” shares Mithyll. His expertise in content marketing and solopreneur coaching allows him to guide community members in producing content that isn’t just engaging but also profitable. Mithyll’s skill set goes beyond content creation—he provides a roadmap for those looking to turn their ideas into a business.

Swarnalata, on the other hand, believes that “we are all unique stories in motion that are waiting to be told.” As a storyteller, she brings a distinctive narrative flair to the community, ensuring that every member’s personal and professional stories resonate with their audience. “What we do at VIHTRIBEZ is help our community members find that voice, personal or professional,” she explains. Her ability to weave storytelling techniques into content creation makes her the perfect counterpart to Mithyll’s more commercial approach.

Creativity Meets Commercial Strategy

What makes VIHTRIBEZ truly unique is the complementary expertise of its founders. If Mithyll is the architect of content strategy and monetization, Swarnalata is the storyteller who adds heart and depth to the narrative. Together, they form the two sides of the content marketing coin, each adding immense value to the other.

Balancing creativity with commercial goals is essential for businesses and individuals looking to scale their brand. “People often see storytelling as a purely creative endeavour, but it’s so much more than that. It’s a business tool, and we help our members understand how to harness it for real-world success,” says Swarnalata. Mithyll echoes this sentiment, adding, “Great content isn’t enough. It needs to be packaged and marketed to generate revenue, and that’s what we teach at VIHTRIBEZ.”

Building a Thriving Community

At its core, VIHTRIBEZ is more than just a platform for creators—it’s a community. Mithyll and Swarnalata are committed to fostering an environment where members support each other, collaborate, and grow together. Whether someone is just starting out or already has a foothold in the industry, the community offers resources, mentorship, and a network that makes the content creation journey smoother and more rewarding.

The founders are already hard at work building this community into a thriving hub full of storytellers, content creators, and entrepreneurs. With their combined expertise and shared vision, VIHTRIBEZ aims to become the go-to space for anyone looking to grow both creatively and commercially.

The Future of VIHTRIBEZ

As VIHTRIBEZ continues to grow, the possibilities seem endless. Mithyll and Swarnalata have big plans for the community’s future, with more workshops, events, and mentorship opportunities on the horizon. Their goal is simple: to build a space where creators can tell their stories, grow their brands, and achieve financial success—without sacrificing creativity.

In a world where content is increasingly commodified, VIHTRIBEZ offers a refreshing take on the business of storytelling.

The duo invites creators, entrepreneurs, and storytellers to join them on this journey and become a part of the ever-evolving VIHTRIBEZ, where creativity and commercial success walk hand in hand.

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Manali Marathon 2.0: A Testament to Resilience and Community Spirit

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Manali, Himachal Pradesh, India – September 28-29: The Manali Marathon 2.0 concluded triumphantly, solidifying its position as one of India’s premier running events. Held on September 29, the marathon saw 659 runners from across India and globe-trotting enthusiasts participate.

Rebuilding and Revitalizing Tourism

Conceived in response to the devastating 2023 floods, the Manali Marathon aimed to showcase the town’s resilience and readiness to welcome tourists once again. This vision was brought to life through the unwavering support of:

– India Tourism

– Himachal Tourism

– Kullu Administration

– Kullu Police

– 1HP Air SQN NCC KULLU

Esteemed sponsors: Amul India, Airtel Bonn, Garuda, Pure White, Vivan Stays, Max Gro, Test Preg, Snow Clad Holidays, Central Adventure, i N Technologies, Adhpl and Danis Hardware

Key Highlights:

– Distances: 1km, 5K, 10K, Half Marathon (21.1K), Full Marathon (42.2K), Ultra Marathon (100K)

– Scenic route through Manali’s landscapes to iconic Rohtang Pass

– Participation: 200+ runners from 20+ Indian states, 45 international runners from 5 countries

– Winner: Rigzin from Ladakh set a new record in the Rohtang Pass Ultra Challenge 100K (11 hours)

Organizer’s Quote:

Manali Marathon 2.0: surpassed our expectations. We’re thrilled to see the running community come together, pushing boundaries and promoting a healthy lifestyle. Our gratitude to participants, – Praveen Sood (Pintu), President, Himalayan Xtreme

Community Impact:

– Promoted tourism and economic growth

– Encouraged healthy living and fitness

– Manali cleaniness drive with NCC Cadets

– Fostered community engagement and cultural exchange

Future Plans:

Manali Marathon 3.0 will feature trail running events, further solidifying Manali’s position as a world-class running destination.

Join the Journey:

Stay updated on Manali Marathon 3.0 and be part of this incredible journey!

Visit manalimarathon.org for more information.

Follow on social media: Facebook @HimalayanXtreme, Instagram @manalimarathon.

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KhetiKisaan – A Comprehensive Online Resource for Agriculture and Commodity Insights

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Rawatsar, 24/09/2024 – KhetiKisaan, a leading online platform dedicated to agriculture, is making waves in the farming community by providing timely and accurate information on mandi bhav, egg rates, agricultural commodities, grains, farming techniques, and market trends. With a commitment to supporting farmers, traders, and agriculture enthusiasts, KhetiKisaan has become a trusted resource for those seeking the latest updates on the Indian agricultural landscape.

At KhetiKisaan, users can access a wide range of articles that offer in-depth insights into current mandi bhav (market prices), trends in commodity markets, and comprehensive information on egg rates. Whether it’s a farmer looking to stay informed about grain prices or an agribusiness professional seeking data on agricultural commodities, KhetiKisaan provides valuable and actionable content tailored to the needs of the agriculture sector.

“Our mission at KhetiKisaan is to empower the agricultural community by providing them with accurate and up-to-date information,” said Pankaj Sihag, founder of KhetiKisaan. “By bringing together data on mandi rates, commodity prices, and other critical agricultural insights, we aim to bridge the information gap and help farmers and traders make informed decisions.”

The platform stands out for its easy-to-navigate design and user-friendly interface, ensuring that visitors can quickly find the information they need. With articles covering various aspects of farming, market rates, and commodities, KhetiKisaan is dedicated to becoming a one-stop hub for agriculture-related news and insights.

Key Features of KhetiKisaan:

  • Mandi Bhav: Daily updates on market prices for key agricultural commodities across major mandis in India.
  • Egg Rate: Reliable and up-to-date information on egg rates, benefiting both producers and traders.
  • Agriculture News: Comprehensive articles on farming techniques, market trends, and the latest developments in the agriculture sector.
  • Commodity Insights: Detailed analysis of grains and other agricultural commodities to help stakeholders stay informed about price movements and trends.

KhetiKisaan has already gained the trust of thousands of users across India and is set to expand its reach further as the demand for timely agricultural information continues to grow. By providing vital data and resources, KhetiKisaan aims to play a pivotal role in the future of agriculture in India.

For more information, please visit https://khetikisaan.com

About KhetiKisaan

KhetiKisaan is an online platform that provides reliable and accurate information on mandi bhav, egg rates, agricultural commodities, grains, and farming trends. Designed to cater to the needs of farmers, traders, and agribusiness professionals, KhetiKisaan delivers timely and relevant insights to help the agricultural community stay informed and make better decisions.

Media Contact:

Pankaj Sihag

Founder, KhetiKisaan

Email: contact@khetikisaan.com

Phone: +91 87428 53342

Website: https://khetikisaan.com

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Elon Musk: AI & Autonomous Tech, The Call for World Power

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As the 2024 U.S. presidential election looms, one question looms large for voters and businesses alike: What will the future of energy look like under either political party? Regardless of whether the Democrats or Republicans secure the White House, one thing is becoming increasingly clear—solar energy will play a pivotal role in the nation’s future energy policies. The convergence of political, economic, and technological forces is propelling solar power to the forefront, making it not only a viable energy source but the preferred one for an AI-driven, increasingly electrified world.

At the heart of this revolution is SolarBank (NASDAQ: SUUN), a company poised to deliver the power needed to fuel innovations like artificial intelligence (AI) and autonomous technologies championed by figures like Elon Musk. SolarBank’s dual focus on renewable energy production and advanced energy storage solutions makes it a key player in the energy landscape of tomorrow.

A Political Landscape Primed for Solar Growth

For years, the Democratic Party has been a leading advocate for renewable energy, with Vice President Kamala Harris among the most vocal supporters. Under Democratic leadership, the U.S. has prioritized clean energy policies, including generous federal subsidies, tax incentives, and ambitious carbon reduction targets. If the Democrats maintain political power, the solar industry, with companies like SolarBank at the helm, will continue to benefit from these policies.

SolarBank stands to gain from this political landscape due to its investments not only in solar power generation but also in the increasingly critical area of energy storage. By focusing on large-scale solar farms and battery storage systems, SolarBank is uniquely positioned to help meet the growing demand for sustainable power solutions.

A Surprising Shift in Republican Support for Solar

Perhaps more unexpected is the shift in the Republican stance on renewable energy. Traditionally, the GOP has focused on fossil fuels like coal, oil, and gas. However, former President Donald Trump, previously a critic of renewables, has softened his views—largely influenced by tech entrepreneur Elon Musk. Through Tesla and SolarCity, Musk has been a relentless advocate for clean energy, leading even conservative policymakers to reconsider solar power as a viable path to energy independence.

Trump’s America First energy policy has evolved to prioritize not only domestic oil and gas but also the potential of renewable energy to reduce reliance on foreign oil and create thousands of U.S. jobs. SolarBank’s focus on both solar energy production and storage systems makes it a natural fit for this vision of clean energy independence, offering a bipartisan appeal that’s hard to ignore.

Powering AI & Autonomous Tech: The Growing Need for Energy

As the world becomes increasingly driven by artificial intelligence and autonomous technologies, the demand for energy is skyrocketing. AI-powered data centers and autonomous systems, from self-driving cars to drones, require massive amounts of electricity to function. This surge in power demand, driven by innovations like those spearheaded by Elon Musk, highlights the critical need for scalable, sustainable energy solutions.

SolarBank’s approach to clean energy, combined with advanced storage technology, is perfectly suited to meet this demand. The company has secured significant partnerships that underscore its commitment to the energy storage sector, including a $41 million USD deal with Honeywell and a $36 million USD partnership with Hydro-Québec subsidiary EVLO for battery storage systems.

As AI continues to grow, SolarBank’s role in ensuring that this energy demand is met sustainably cannot be overstated. By combining solar energy with robust storage capabilities, SolarBank is helping to power the next generation of technological advancements, from AI to autonomous vehicles.

Autonomous Systems: Solar Power Meets Storage

Autonomous technologies, like self-driving cars and drones, represent another major area of growth for solar energy. These systems demand constant, reliable power, and solar energy—paired with storage—is the perfect solution. SolarBank’s partnerships, including a significant collaboration with Fiera Real Estate, a $7.0 billion USD commercial real estate giant, emphasize its leadership in building a reliable energy infrastructure that can support autonomous technologies.

The company’s energy storage solutions ensure that power is available on-demand, even in remote or off-grid areas. As Elon Musk’s vision for autonomous systems takes shape, SolarBank’s storage and solar solutions are becoming essential to providing the clean, reliable energy needed to fuel this future.

The Future of Solar: A Bipartisan Growth Engine

With both major U.S. political parties now recognizing the value of solar energy, the industry is set to experience exponential growth. The Democratic push for environmental sustainability aligns perfectly with SolarBank’s renewable energy mission, while the Republican interest in energy independence and job creation also supports SolarBank’s dual focus on power production and storage.

Investors have a unique opportunity to capitalize on this moment. SolarBank is not just a renewable energy company—it is a full-spectrum energy provider with a future-proof strategy that includes both solar power and cutting-edge battery storage technologies.

Conclusion: Why SolarBank (NASDAQ: SUUN) Is the Future of Clean Energy

The convergence of political, technological, and economic forces has created a perfect storm for solar energy, and SolarBank is at the center of it. As AI and autonomous technologies continue to advance, the demand for clean, reliable energy will grow dramatically. SolarBank, with its strong focus on both solar power generation and advanced energy storage, is well-positioned to meet this demand and fuel the next era of technological innovation.

Elon Musk’s vision for an autonomous future calls for a massive supply of sustainable energy, and SolarBank is poised to deliver. With strategic partnerships, bipartisan support, and a commitment to both solar power and storage solutions, SolarBank is an investment not just for today, but for the future.

Disclaimer – The information provided in this article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any securities. Please consult a licensed financial advisor before making any investment decisions. The author and publication are not responsible for any investment actions taken based on the content of this article

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Chhatrapati Shivaji Maharaj Jayanti (National Holiday for National Hero)

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Shivaji’s legacy is undoubtedly significant in the context of Indian history, and the entire nation should do the celebration of his Jayanthi. Announcing February 19th as a HINDAVI SWARAJYA ABHIYAN DIWAS & National Holiday is a tribute to his contributions to the country.

Commencement of “NATIONAL HOLIDAY FOR NATIONAL HERO

A great devotee of Shri Chhatrapati Shivaji Maharaj always wanted to pay tribute to his God Shivaji Maharaj. He aspired to make a significant contribution to the legacy of Shivaji. To fulfill this ambition, he conceived the idea of advocating for the declaration of Shivaji Jayanti as a national holiday.

He is none other than Mr. CD Chavan. He is a self-made entrepreneur who has achieved great heights of success with hard work, determination and discipline. He is a person who greatly admires Shri Chhatrapati Shivaji Maharaj wished to do something significant for the nation. He came up with the idea of declaring Shivaji Jayanti a national holiday as a gesture of respect and recognition for the revered leader.

> We invite volunteers across India to join our team as State In charges, District In charges, Committee Members to promote and actively work on our Mission.

> Our campaign got more than 1 lakh support who wants to work for Hindu Rashtra. But, we believe that our campaign “National Holiday for National Hero” and “Hindavi Swarajya Abhiyan Divas” is the 1st step towards achieving the Hindu Rashtra.

> Achieving a Hindu Rashtra is challenging without giving due recognition to Chhatrapati Shivaji Maharaj. He is Epitome of Swarajya and serves as an inspiration and guide toward Hindu Rashtra.

Why We Need a Holiday & Benefits of Declaring Hindavi Swarajya Abhiyan Diwas?

  1. Cultural Education: Celebrating Chhatrapati Shivaji Jayanti as a national holiday would allow parents to teach their children about his life, fostering national pride and awareness. His legacy would gain nationwide and global recognition, with schools, universities, and offices participating in commemorations.
  2. Cattle Protection and Earth Conservation: Maharaj’s early efforts to protect cows and respect nature serve as a model for cultural and environmental preservation. Our campaign encourages everyone to follow his example in protecting cows and conserving the environment.
  3. Naval and Military Inspiration: Shivaji Maharaj’s establishment of a powerful navy and military was crucial for his kingdom’s defense. Our campaign inspires youth to join the armed forces, drawing from his legacy of honor and dedication.
  4. Guerrilla Warfare: Shivaji Maharaj’s innovative guerrilla warfare tactics in challenging terrains demonstrate strategic brilliance. His legacy inspires bravery and resourcefulness, especially among young people.
  5. Respect for Women: Maharaj’s strong stance on protecting and respecting women sets a high standard. Our campaign promotes his values of respect and protection towards women.
  6. Preservation of Culture: Maharaj’s efforts to restore temples and preserve Sanathana Hindu culture are commendable. Raising awareness about him will encourage the protection of cultural heritage.
  7. Rural Development: Inspired by Maharaj’s strategies, our campaign aims to motivate youth to drive rural development, promoting prosperity in villages.
  8. Leadership and Governance: Maharaj exemplified effective leadership and governance, advocating courage, justice, and community welfare. Declaring his Jayanti a national holiday would honor these principles.
  9. Political Wisdom: Maharaj’s ability to collaborate with and oppose political figures for the nation’s benefit teaches valuable lessons in political strategy and foresight.
  10. Guru-Shishya Relationship: The strong bond between Maharaj and his mentors underscores the importance of the Guru-Shishya tradition. Our campaign encourages students to value this relationship.
  11. Inspiration for Youth: Recognizing Chhatrapati Shivaji Jayanti as a national holiday would honor his contributions and inspire the youth to follow his example.
  12. Encouraging Positivity: Maharaj’s legacy offers a beacon of inspiration for youth facing challenges, helping them overcome adversity with courage.
  13. Timeless Inspiration: Maharaj’s greatness serves as a continuous source of inspiration. Statues of Chhatrapati Shivaji Maharaj should be installed in every city and town to remind people daily of his legacy. Additionally, every household should have an idol or photo of Maharaj, with daily prayers offered to honor and draw inspiration from him.
  14. Countering Western Superheroes: Western narratives often highlight superheroes like Superman and Batman, but these are fictional characters. Our campaign aims to shift focus towards real heroes like Chhatrapati Shivaji Maharaj, whose legacy embodies genuine valor and leadership. By celebrating and emulating our historical figures, we encourage the youth to admire and follow the example of our real heroes, rather than being influenced solely by artificial characters from Western media.
  15. Government Support and Contribution: The government can play a pivotal role in this campaign by officially recognizing Chhatrapati Shivaji Maharaj Jayanti as a national holiday. This can be achieved through legislative action and public awareness programs. Additionally, the government can support the campaign by organizing nationwide events, educational initiatives, and cultural programs to highlight Maharaj’s contributions. By collaborating with local authorities and educational institutions, the government can facilitate the installation of statues and memorials, and promote the importance of Maharaj’s legacy in schools and public spaces. Such efforts will ensure that his legacy is honored and celebrated across the country.

Shobha Yatra on February’19: https://www.youtube.com/watch?v=n2ekfdY33cw

ACHIEVEMENTS:

Our #voteforshivajijayanti campaign reached to around 3 crore People.

1 Lakh people voted to declare Shivaji Jayanti a National Holiday.

Palvai Harish Babu MLA(Sirpur Assembly) spoke in the Assembly about the #voteforshivajijayanti campaign.

Payal Shankar(Adilabad) Spoke in the Assembly about the #voteforshivajijayanti campaign.

We have been able to Hold the Shab e Meraj Festival Holiday decision taken by Telangana Government.

Conclusion: The life story of Shivaji Maharaj serves as an invaluable source of inspiration and guidance for every Indian. By acquainting ourselves with his exemplary qualities, we not only honor a historical figure but also enrich our own lives. Importantly, the campaign emphasizes the role of parents in passing down the extraordinary achievements and greatness of Shivaji Maharaj to the younger generation. By doing so, we ensure that the legacy of this iconic figure continues to inspire and shape the values of future generations, fostering a sense of national pride and unity.

The campaign encourages every Indian citizen to vote and support this initiative. Votes can be cast through missed calls at 07941055779 or by visiting www.voteforshivajijayanti.com and https://shivajimaharajfoundation.com Emphasizing the importance of passing down Shivaji Maharaj’s extraordinary achievements to future generations ensures the enduring legacy of this iconic figure, fostering national pride and unity.

I request every Indian Citizen to Vote and support the campaign.

Sincerely: CD Chavan (Founder & Chairman)

SREE CHHATRAPATI SHIVAJI MAHARAJ FOUNDATION

To cast your vote give a missed call to this number

07941055779

Visit our website to Vote

www.voteforshivajijayanti.com

https://shivajimaharajfoundation.com

 https://www.facebook.com/voteforshivajijayanti

https://www.instagram.com/voteforshivajijayanti/

https://x.com/voteforshivaji

https://www.youtube.com/@voteforshivajijayanti

https://www.quora.com/profile/Vote-for-Shivaji-Jayanti

https://medium.com/@voteforshivajijayanti

https://www.change.org/p/national-holiday-for-national-hero

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