Company Formation
♦ Private Limited Company
The Private Ltd Company is one of the most preferred business legal forms by growing Indian start-ups. A private limited company can fulfill the requirement of raising funds from private investors easily; attract less tax and is a separate legal entity with perpetual succession which is restricted to other business types.
Highlights:
► Limited Liability
► Separation of Management & Shareholders
► Separate Legal Entity
► Perpetual Succession
► Easy Equity Funding
► Taxation
Documents Required:
► Identity Proof (Aadhar Card, Driving License, Election Id Card, Passport)
► Address Proof of Business (Electricity Bill, Rent Agreement + NOC)
► PAN Card
► Passport size Photograph
♦ Public Limited Company
Power to transfer shares- a public ltd company can transfer shares to public and raise funds from public
Highlights:
♦ Limited Liability
♦ Perpetual Succession
♦ Listing on Stock Exchange
♦ Transferable Shares
♦ Disclosure & Transparency
♦ Minimum Directors & Shareholders
Documents Required:
♦ Identity Proof (Aadhar Card, Driving License, Election Id Card, Passport)
♦ Address Proof of Business (Electricity Bill, Rent Agreement + NOC)
♦ PAN Card
♦ Passport size Photograph
One Person Company
OPC is a new concept in India and gets started trending among the community of solopreneurs and freelancers who want to do a business at their own terms.
Highlights:
♦ Limited Liability
♦ Single Owner
♦ Separate Legal Entity
♦ Share Transferability
♦ Lesser Compliances
♦ Nomination
Documents Required:
♦ Identity Proof (Aadhar Card, Driving License, Election Id Card, Passport)
♦ Address Proof of Business (Electricity Bill, Rent Agreement + NOC)
♦ PAN Card
♦ Passport size Photograph
Partnership Firm
Forming a partnership deed is a quickest way to wrap up legally all agreed terms among partners such as profit/loss sharing ratio, capital contribution, remuneration, etc and kick start the business formally.
Highlights:
♦ Concept
♦ Easy Formation
♦ Low Cost Registration
♦ Tax Benefit
♦ Sharing of Risk
♦ Compliances & Disclosure
Documents Required:
♦ Identity Proof (Aadhar Card, Driving License, Election Id Card, Passport)
♦ Nature of Business
♦ Address of Business
♦ Capital Contribution
Limited Liability Partnership
A Limited Liability Partnership Firm is a better version of general partnership firm carrying additional advantageous features like protection of business name, partners having limited liability shield, business listing on registrar of companies, recognition under Startup India - Standup India scheme etc.
Highlights:
♦ What is LLP ?
♦ Benefits
♦ Formation & Cost
♦ Compliance & Disclosure
♦ Audit Requirement
♦ Taxation
Documents Required:
♦ Identity Proof (Aadhar Card, Driving License, Election Id Card, Passport)
♦ Address Proof of Business (Electricity Bill, Rent Agreement + NOC)
♦ PAN Card
♦ Passport size Photograph
Sole Proprietorship
It should be noted that Sole Proprietorship is the easiest and quickest business form to kickstart your business if you have limited funds and resources.
About Sole Proprietorship :
♦ Easy incorporation
♦ Minimal cost
♦ Lesser compliances
♦ Independent control
♦ Single Promoter
♦ No corporate tax liability
Documents Required:
♦ Passport size Photograph
♦ Aadhaar Card
♦ Proof of Business Address
Business Registrations
ISO Certification
The International Organization for Standardization is a worldwide autonomous body for setting various global standards for quality management. It comprises of representative standardization organizations from various nations. Established in 1947, the ISO frames and promotes worldwide industrial and commercial standards.
About ISO Certification :
♦ Set of Standards
♦ Customer Satisfaction
♦ Ensure Quality
♦ Fulfill Tender Eligibility
♦ Increase Business
♦ Operational Efficiency
Documents Required:
♦ Business Registration Proof
♦ Letter Head or Visiting Card
♦ Sales and Purchase Invoice
MSME Registration
About MSME Registration :
♦ What is MSME?
♦ When to register under MSME?
♦ Who Monitors MSME Registration?
♦ Micro Enterprises
♦ Small Enterprises
♦ Medium Enterprises
Information Required :
♦ Pan Card
♦ Aadhar Card
♦ Complete Postal Address with District and PIN
♦ Bank Account Details
FSSAI Registration
FSSAI stands for Food Safety and Standards Authority of India which is an independent organisation set up by the Ministry of Health & Family Welfare, Government of India.
Highlights :
♦ When Required?
♦ Who issues food license?
♦ Turnover Based
♦ Location Based
♦ State & Central Level Category
♦ Validity & Renewal
Documents Required For FSSAI Registration and License :
Registration:
♦ Passport Size Photo
♦ Identity Proof (Such as Voter ID Card, PAN Card, Driving License, Passport, Aadhar Card)
♦ Declaration
State License :
♦ Passport Size Photo
♦ Identity Proof (Such as Voter ID Card, PAN Card, Driving License, Passport, Aadhar Card)
♦ Declaration
♦ Address Proof (Such as Rent agreement or electricity bill + NOC )
♦ In case of water is ground water, then NOC from Municpal Corporation
Central License :
♦ Passport Size Photo
♦ Identity Proof (Such as Voter ID Card, PAN Card, Driving License, Passport, Aadhar Card)
♦ Declaration
♦ Address Proof (Such as Rent agreement or electricity bill + NOC )
♦ In case of water is ground water, then NOC from Municpal Corporation
Documents Required:
♦ PAN Card
♦ Passport Size Photograph
♦ Aadhar Card
Digital Signature Certificate
At a Glance
♦ What is a Digital Signature?
♦ Who requires a Digital Signature?
♦ When is Digital Signature required?
♦ Class 1
♦ Class 2
♦ Class 2
Shop Establishment Registration
Shop Establishment registration is known by different names in various states. For instance, in Delhi it is known as Delhi Shopex, in Bihar it is known as Trade License, in Maharashtra it is known as Gumasta License, and e-Karmik in Karnataka.
About Shop Establishment Registration :
♦ Meaning of shop
♦ Objective
♦ Who required?
♦ Validity
♦ Gumasta License
♦ e-Karmik
Documents Required:
♦ Passport size Photograph
♦ Aadhaar Card
♦ Proof of Business Address
♦ Details of the employees and manager of the business
PAN
About Pan Card :
♦ Concept
♦ Who issues PAN card?
♦ Who can apply?
♦ Validity of PAN card
♦ Where PAN required?
♦ How to verify the PAN?
Documents Required:
♦ Passport-size photograph
♦ Aadhaar Card
TAN
About TAN Registration :
♦ Concept
♦ Who issues PAN card?
♦ Who can apply?
♦ Validity of TAN card
♦ How to apply for TAN?
♦ Authenticity of the TAN Card
Documents Required:
♦ Passport-size Photograph
♦ Aadhaar Card
♦ Proof of Address
♦ Top of Form
ISBN
ISBN is an acronym for International Standard Book Number, is a unique 13-digit numeric code used to identify the commercial books. Earlier, ISBN consisted of 10 digits till December 2006. After 1 January 2007, this was increased to 13. The ISBN is allotted after calculation with a secret mathematical formula. Moreover, they consist of a 'check-digit' to validate the number.
About ISBN Registration :
♦ Significance
♦ Reliability
♦ One-time Process
♦ Global recognition
♦ Uniform Format for publishing
♦ Access to bibliographic databases.
Documents Required:
♦ ID Proof of Author
♦ Content of Book
♦ Description of Book (Cover Page of the book, Title of the book)
♦ Publisher & Printer Details
NSIC Registration
National Small Industries Corporation was established by the Government of India in 1955. Today, NSIC is a reputed Mini Ratna PSU that also possesses ISO 9001:2015 certification.
In order to promote small & growing entrepreneurs in post-independent India, the Government of India has set up NSIC, which acts as an intermediary to provide assistance to small scale industries (SSI). The MSEs having NSIC Registration can get access to numerous developmental schemes of the government and achieve tremendous growth in their business.
NSIC Registration Benefits :
♦ Free allotment of tenders
♦ No EMD deposit
♦ Development of SSI
♦ Assistance in Government tenders
♦ The reserved quota
♦ Overall progress of MSMEs
Documents Required:
Proof of business existence :
♦ Copy of PAN card in Business name
♦ MSME registration /Udyog Aadhar Certificate
♦ GST Registration Certificate
Business details :
♦ Details of directors/partner/owner
♦ Details of plant & machinery
♦ List of technical personnel employed in production and services
RERA Registration
Real Estate Regulatory Authority (RERA) is an apex regulatory body to control the affairs of Real Estate Industry in India and protect the interests of Real Estate buyers & investors.
The RERA was very recently established on 1st May 2016 after passing of the Real Estate (Regulation and Development) Act, 2016 in the Parliament. the main objective of the RERA Registration is to ensure complete transparency of real estate developers, contractors, builders, agents, brokers & property dealers and to ensure the safety of the investors' funds.
Benefits Of RERA Registration :
♦ Transparency in realty projects
♦ Full disclosure of project details
♦ Prompt complaint management
♦ Complete information of Builder
Documents Required:
♦ Registration Proof of Business (Certificate of Incorporation, GST Certificate, PAN Card, MSME Certificate)
♦ Approved layout and Map
♦ Details of Project(Project Details, Promoter Details)
♦ Last 3 Years Financial Statements
Barcode Registration
Barcodes are vertical lines representation that can be scanned electronically to fetch the product details faster.
Barcode is used to encode the product details instantly such as product numbers, serial numbers, and batch numbers. A barcode on product plays a vital role in the
supply chain, enabling all participants' like Manufacturers, transporter, wholesaler to identify products easily.
How Barcode Enhance Business Efficiency? :
♦ Eliminates Error
♦ Cost-effective & convenient
♦ Detailed information
♦ Inventory control
♦ Saves time
♦ Better decision making
Documents Required:
♦ Company Pan Card
♦ Canceled Cheque
♦ Audited Financial Statement
♦ Product Details
♦ Company Letterhead
Coffee Board Registration
Benefits Of Coffee Board Registration :
♦ Get Coffee Board Membership Certificate
♦ Opportunity to build a network in the Coffee Industry
♦ Smoothly obtain Export Permits
♦ Secure Certificate of Origin
♦ Avail Export Incentive & Subsidy
♦ Can get Export Awards
Documents Required:
♦ IEC Certificate
♦ GST Registration Certificate
♦ PAN Registration
♦ FSSAI Registration
♦ MSME Registration certificate for Coffee Manufacturer & Exporte
♦ Bank Performance Letter
♦ Bank Authorized Signatory
♦ Company Authorized Signatory
♦ Certificate of Incorporation in case of Companies
Startup India Certificate
With a view to boost the Indian economy and encourage entrepreneurship, the Government of India, under the administration of the Ministry of Commerce & Industry, had begun the Start-up India Stand-up India initiative in 2015 to uplift and grow the Indian start-ups.
Startup India Certificate Benefits :
♦ Tax exemption u/s 80 IAC
♦ Angel Tax Exemption u/s 56
♦ Self-Compliance for Labour Laws
♦ Trademark, Patent, IPR related exemption
♦ Easy Winding Up of Company
♦ Funding Opportunities & Other Government Schemes
♦ Easier Norms on GeM Portal
Documents Required:
♦ Proof of Business Registration
♦ Brief on Business Idea
♦ Core Team
♦ Other relevant information
IPR
Trademark
A trademark can be a phrase, logo, design, and combination of colours or shapes etc. and that denotes the uniqueness of a brand or the product and differentiate from competitors. It is globally acknowledged trademark is the most valuable asset of a business. With a unique Trademark, customers can easily identify your products or services among various competitors' products.
♦ What is Trademark?
♦ Trademark Classes
♦ Valuable Assets
♦ Low cost of registration
♦ Legal Brand Protection
♦ Geographical Coverage
Documents Required:
♦ Brand Logo
♦ Nature of Business
♦ Identity Proof of applicant♦ Address Of Applicant
Copyright
Highlights :
♦ Concept
♦ What can be copyrighted?
♦ Protection from misuse
♦ Valuable Asset
♦ Low-Cost Registration
♦ Validity
Documents Required:
♦ Description of original work
♦ Title of original work
♦ Identity proof of Author
♦ Nationality of the Author
♦ Top of Form
Patent
Highlights :
♦ Concept
♦ Valuable Asset
♦ Protection
♦ Low-Cost Registration
♦ Patent Globally
♦ Validity Period
Documents Required:
♦ Title of the Invention
♦ Description of the Invention
♦ Identity proof of Inventor (Voter id card, Passport, Driving License)
♦ Nationality of Inventor
Trademark Objection Reply
Various industrial designs are registered and protected through the process of Design Registration in India. The procedure of Design Registration is administered under the Designs Act-2000 and the corresponding Designs Rules-2001.
About Trademark Objection :
♦ Why is a trademark objected?
♦ Who objects the trademark?
♦Trademark Examination Report
♦ Reply to trademark objection
♦ Time limit for objection reply
♦ Trademark Journal
Documents Required:
♦ Brand Logo
♦ Examination Report
♦ Supporting Proof of Logo ownership
Logo Designing
Give your brand an identity with the unique logo.
Shout out loud your brand with a meaningful and attractive logo and let your brand make a noise in the market.
Design Registration
Various industrial designs are registered and protected through the process of Design Registration in India. The procedure of Design Registration is administered under the Designs Act-2000 and the corresponding Designs Rules-2001.
About Design Registration:
♦ Safety from misuse
♦ Expandable validity
♦ Unique Selling Point
♦ Protects Originality
♦ Induces Client Response
♦ Promotes Creativity
Documents Required:
♦ Design (4 views of designs from a different angle)
♦Title of Work
♦ Description of work
Trademark Formality Check Fail
The Trademark registration process goes through various stages of examination by the registrar of trademarks.
Trademark Formality Check is a first step for processing the trademark application by the government authority. Under this stage, the Trademark Registrar vet the
information and documents submitted in the trademark application.
If the Trademark application has not passed through the first stage then application status turns to Trademark Formality Check Fail.
Business Name Suggestion
Every business arcs its identity with a catchy brand name.
On the other side, the protection of the unique brand name of being copied is also equally important.
Trademark Opposition
Trademark Opposition means when anyone raises an opposition against an already published trademark in the journal. In response to the trademark opposition, the trademark owner has to give a suitable reply to such Trademark Opposition.
When the applied trademark is published in the Journal of Trademarks, anyone can oppose the published trademark within 3 months from the date of journal publication. This situation is known as Trademark Opposition.
Trademark Hearing
About Trademark Hearing :
♦ Why trademark hearing required?
♦ What is trademark objection Reply?
♦ Trademark hearing notice
♦ How to know about Trademark hearing?
♦ Objections in Trademark hearing
♦ Trademark hearing date
Documents Required:
♦ Authorization letter
♦ Usage Affidavit
♦ Sufficient proof for claim
♦ Form TM-16 (if needed)
Annual Compliances
Private Limited Company
Annual Compliances Of Private Limited Company :
♦ Preparation of Books of Accounts
♦ Preparation of Financial Statement
♦ Statutory Audit by Independent Auditor
♦ Filing of Annual ROC Returns
♦ Filing of Income Tax Returns
♦ Maintenance of Statutory Registers
Documents Required:
♦ Bank Statement
♦ Digital Signature Certificate
Limited Liability Partnership
Annual Compliances Of LLP :
♦ Preparation of Financial Statements
♦ Statutory Audit by Independent Auditor
♦ Filing of Annual ROC Returns
♦ Filing of Income Tax Returns
♦ Maintenance of Statutory Registers
Documents Required:
♦ Bank Statement
♦ Digital Signature Certificate
Form INC-22A
Form INC-22A (ACTIVE) is a new ROC e-form introduced by the Ministry of Corporate Affairs, which will confirm the physical existence and appearance of the registered office of the company. This form will also verify that the company has its signboard outside the premises of the registered office.
Information To Be Given In Form INC22A :
♦ Company Details
♦ Company's Mail-id
♦ Directors' details
♦ Statutory & Cost Auditor Details
♦ SRN of RoC returns
♦ KMP Details
Documents Required:
♦ 2 Photographs of exterior of Registered Office.
♦ 2 Photographs of interior of Registered Office.
♦ 2 Photographs of 2 directors within Registered Office.
♦ 1 Photograph of Registered Office sign board outside office building showing name of the Company in English and Regional language.
♦ Statutory Auditor details.
♦ Cost Auditors details (If Applicable):-
Further documents:-
♦ Form MGT-14 and paid challan If Company has more than 15 Directors on -its Board a Special Resolution passed at the General Meeting
♦ Digitally Signature (DSC) of one Director and one KMP (if any) or Two -Directors in case of other than OPC
♦ Form- AOC 4 & MGT- 7 of FY 2017-18.
♦ Form ADT-1 for Appointment of Statutory Auditor
Form DIR-3 KYC
Recently, the Ministry of Corporate Affairs (MCA) had notified the introduction of the new form i.e. DIR-3 KYC where every director holding Director Identification Number [DIN] has to update their personal details on an annual basis.
How To File DIR-3 KYC Form?:
♦ CATEGORY 1
♦ CATEGORY 2
Documents Required:
♦ PAN Or Aadhaar Card
♦ Passport
♦ Passport Size Photograph
♦ DSC