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Benefits of IEC Registration in India

The following are the benefits of IEC Registration:

Lifetime Validity : There is no need to renew the IEC Code; it will be valid till the existence of the entity. After the winding up of the Company, this IEC Code expires.

Reduces illegal or unlawful goods transportation : One of the basic requirements for the IEC Code is that you need to submit authentic details. Without giving proper details, IEC cannot be obtained. This criterion makes the transportation of illegal products impossible.

No Compliance : After IEC Registration, there are no compliance requirements & hence maintaining the business is relatively simple.

Business Growth : This code is mandatory to avail of growth opportunities through export or import.

Easy Processing : It is very easy to get the IEC Code from the DGFT within 10 – 15 days after submitting the application. For more information, visit us on: https://www.registerkaro.in/

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What is the importance of a registered office address?

The registered office address is crucial for a company in India as it serves as the official address where all the official communications & legal notices are sent by the Government authorities, regulatory bodies & other stakeholders. Also, it’s the address where the Company keeps its statutory records such as register, books of accounts & other vital documents.

During Company Incorporation, it is vital to declare the registered office of the Company & to submit the required documents. We will discuss the documents later. The full name and the address on the electricity bill or water bill or property tax receipts should exactly match the NOC (No Objection Certificate) by the landlord & the Rental Agreement. There is no such requirement for the registered office to be an industrial/commercial property. Also, the registered office can’t be vacant land or a building that is under construction. The registered office can also be a residential property. If the Company hasn’t decided the registered office of the Company while filing for Company Incorporation. The Companies Act also provides the option for the Company to declare a temporary address. The registered office should be declared by filing INC-22 within 15 days of Company Incorporation. For more information, visit us on: https://www.registerkaro.in/

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Eligibility for Public Limited Company Registration

Following is the eligibility for Public Limited Company Registration:

Minimum Directors: You need a minimum of three directors to register a public limited company in India. Out of these directors, at least one must be a resident of India.

Shareholders: A public limited company should have a minimum of seven shareholders. There is no maximum limit on the number of shareholders allowed.

Authorized Capital: While there is no specific minimum requirement for authorized capital, you need to declare the amount of authorized capital during the registration process.

DIN and DSC: All directors of the company must obtain a Director Identification Number (DIN) and a Digital Signature Certificate (DSC). The DIN can be obtained by submitting an online application to the Ministry of Corporate Affairs, and the DSC is necessary for filing documents online.

Name Approval: The proposed name for your public limited company must be unique and not resemble any existing registered companies or trademarks. It should also adhere to the naming guidelines provided by the Ministry of Corporate Affairs.

Registered Office: Your company must have a registered office address in India, which will serve as the official communication and legal address. You will need to provide documentation proving ownership or a lease agreement for the registered office.

Compliance with Laws: It is crucial to comply with all applicable laws and regulations, including the Companies Act, 2013, and other relevant statutes governing public limited companies.

Board Meetings and Annual General Meetings: Conduct regular board meetings and an Annual General Meeting (AGM) to discuss important company matters, financial statements, and decision-making. Accurate minutes of these meetings should be maintained.

Statutory Compliance: Fulfilling statutory compliance requirements is essential. This includes filing annual financial statements, appointing auditors, and adhering to tax and regulatory obligations. For more information, visit us on: https://www.registerkaro.in/

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Get Online State FSSAI License Registration in India

The Food Safety and Standards Authority of India, or FSSAI for brief, is an agency of the government that patrols India’s huge and varied territory to ensure food safety and quality. Setting standards, regulating the sector, and increasing consumer knowledge are just a few of the many functions that make it an essential organization for the nation’s food ecology. In addition to ensuring food safety, FSSAI’s work promotes economic growth, innovation, and trust in the Indian food industry. FBOs are subject to penalties for operating without a valid food license, as stipulated by the FSS Act of 2006. In addition to operating under the guidance of the Ministry of Health and Family Welfare, FSSAI bases all of its decisions on the aforementioned Act. Scroll down to check more about State FSSAI License Registration. For more information, visit us on: https://www.registerkaro.in/

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Get EPR Authorization for E-Waste Online

EPR authorization for e-waste involves holding producers accountable for the proper disposal and management of electronic waste. It’s a regulatory approach ensuring manufacturers take responsibility for the end –of –life disposal of their products. Regulations and requirements for EPR authorization can vary by region, so specific details would depend on the local laws governing e-waste management in your area.

EPR Authorization is given by the Central Pollution Control Board (CPCB) under MoEFCC, Government of India. With EPR India authorization, the manufacture/ importer of electronic and electrical products has been given the responsibility to control E-waste by the products after expiry of their lifetime.

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Requirements for BIS FMCS Certification

Foreign manufacturers intending to export their products to India must adhere to the following prerequisites

1: Geographical Location: The manufacturing units should be situated outside of India.

2: Acceptance of License Terms & Conditions: The foreign manufacturer or company must acknowledge and comply with the terms and conditions outlined in the license.

3: In-House Testing Facilities: The presence of in-house labs equipped with product testing and quality control personnel is imperative to conduct tests in accordance with Indian Standards Specifications (ISS).

4: Conformance to Indian Standards: Ensure that the products align with the relevant Indian Standards Specifications, demonstrating conformity to the stipulated norms.

5: Acceptance of Inspection and Testing Scheme: Manufacturers should accept the Scheme of Inspection and Testing (SIT) along with the annual marking fee.

6: Availability of Manufacturing Machinery and Testing Facilities: Adequate manufacturing machinery and testing facilities must be available at the factory units to uphold the standards of production and testing. For more information, visit us on: https://www.registerkaro.in/

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Procedure for BIS Certification

The BIS Certification process involves both licensing and surveillance. Here are the steps for each:

1: Licensing Process:

Applicant fills the application form in the correct form as prescribed by BIS.

Applications are submitted with all the required documents.

A BIS Officer visits the applicant’s factory after receiving the application for a preliminary inspection.

The BIS Officer examines the product samples.

After completing all evaluations, the BIS Officer prepares the final test report.

Step 1: Filing the Application Form

Step 2: Documentation "For more information, visit us on: https://www.registerkaro.in/

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List of Different Trademark Classes in India

In India, trademarks are categorized into 45 classes based on the Nice Classification system. Each class represents a distinct category of goods and services. Following is the list of different Trademark Classes in India.

Goods Classes (1-34):

Class 1. Chemicals used in industry, science, and photography, as well as in agriculture, horticulture, and forestry.

Class 2. Paints, varnishes, lacquers, and preservatives for wood and metal.

Class 3. Cosmetics and cleaning preparations, including soaps and perfumes.

Class 4. Industrial oils and greases; lubricants; fuels; candles and wicks.

Class 5. Pharmaceuticals and other preparations for medical or veterinary purposes.

Class 6. Common metals and their alloys; metal building materials; transportable buildings of metal; materials of metal for railway tracks.

Class 7. Machines and machine tools; motors and engines (except for land vehicles); machine coupling and transmission components (except for land vehicles).

Class 8. Hand tools and implements (hand-operated); cutlery; side arms; razors.

Class 9. Scientific, nautical, surveying, electric, photographic, cinematographic, optical, weighing, measuring, signaling, checking (supervision), life-saving, and teaching apparatus and instruments.

Class 10. Surgical, medical, dental, and veterinary apparatus and instruments; artificial limbs, eyes, and teeth; orthopedic articles.

Class 11. Apparatus for lighting, heating, steam generating, cooking, refrigerating, drying, ventilating, water supply, and sanitary purposes.

Class 12. Vehicles; apparatus for locomotion by land, air, or water.

Class 13. Firearms; ammunition and projectiles; explosives; fireworks.

Class 14. Precious metals and their alloys; jewelry, precious and semi-precious stones; horological and chronometric instruments.

Class 15. Musical instruments. For more information, visit us on: https://www.registerkaro.in

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Other Annual Compliance for Private Limited Company in India

Following are some other annual compliance for Private Limited Company in India:

1: GST returns, monthly, quarterly, and annual

2: Periodic TDS returns

3: Calculation of the tax liability in advance

4: Income tax return filing

5: Report of tax audit filed

6: Submitting semi-annual easy returns

7: Submitting PF returns

8: Professional tax return filing

9: Regulation evaluation and reporting by various laws (Eg. Environment and Protection Act, Competition Act, Factory Act, etc.)

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LLP Compliance

All LLPs incorporated in India are required to file statutory returns with MCA every year. Limited Liability Partnerships having a sales turnover of over Rs. 40 lakhs or capital of over Rs. 25 lakhs will also be required to complete a statutory audit. RegisterKaro can help you maintain your LLP Compliance at a very affordable price. Forms Compliance Due DatePenaltyDIR-3 KYC For every individual with DIN Before 30th Sep every year Rs. 5000 if the DIN is deactivatedForm-11Annual Returns30th May Rs. 100/dayForm-8Statements of Accounts & Solvency30th October Rs. 100/day For more information, visit us on: https://www.registerkaro.in/" 

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Earlier Rules and Regulations for FSSAI Product Approval

The FSSAI introduced a product approval system to undertake a safety assessment of food products containing ingredients that do not have prescribed standards after implementing the FSSAI Act and the Regulations. However, continuing the product approval process for non-standardized food products or components was impossible without legitimate regulations. The product approval system for non-standardized food products/ingredients was discontinued on 26th August 2015.

To address the situation arising after the discontinuation of the product approval system, the FSSAI has introduced the following regulation:

1. FSSAI revised the definition of proprietary food in the Food Safety and Standards (Food Product Standards and Food Additives) Ninth Amendment Regulations, 2016.

2. FSSAI introduced the Food Safety and Standards (Food or Health supplements, Nutraceuticals, Foods for specific dietary uses, Foods for medical purposes, Functional foods, and Novel foods) Regulations, 2016.

3. FSSAI notified the Food Safety and Standards (Food product Standards and Food Additives) Seventh Amendment Regulations, 2016, relating to harmonizing food additives.

4. Even after introducing the above Regulations, several food products or ingredients were not covered in any of the Regulations made under the FSSAI. To regulate such products or ingredients, FSSAI introduced the Food Safety and Standards (Approval of non-specified food and ingredients) Regulations, 2017. For more information, visit us on: https://www.registerkaro.in/

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Restrictions on One Person Company

Despite its many advantages, starting a one-person business comes with a number of constraints.

1. Not Suitable for Scalability:

Registering your company as an OPC is an excellent choice for a small business structure. However, if you intend to expand it up to higher levels, this may not work. The total number of persons in an OPC at any given time is always one. You cannot register your company as a One Person Company if you intend to add more members and shareholders. As a result, OPC is unlikely to obtain additional cash. This will stifle corporate expansion and growth.

2. Increased Restriction on Commercial Activities:

One Person Company is not permitted to engage in non-banking financial investment operations under the rules and regulations. Registering as an OPC does not provide you the freedom to invest in the security of other corporations.

3. There is no distinct distinction between ownership and management:

Because a single person serves as both the company’s director and its management, there is no apparent boundary between the two jobs. All decisions must be made and approved by a single individual. As a result, there is a greater likelihood of unethical behavior.

For more information, visit us on: https://www.registerkaro.in/

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Primary Reasons – Change LLP Agreement

1. Change in partners;

2. Change in the name of LLP;

3. Change in rights and duties;

4. Change in contribution of the LLP;

5. Change in business activities;

6. Change in registered address;

7. Change in profit-sharing ratio;

8. Other changes in the LLP agreement;

9. Winding up or dissolution;

For more information, visit us on: https://www.registerkaro.in/

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Overview of Private Limited Company Registration in India

In India, a Private Limited Company stands out as a popular business structure regulated by the Companies Act, 2013. Entrepreneurs aiming to establish a company in India find it crucial to undergo Private Limited Company Registration. This not only fosters the development of a strong business framework but also offers directors the advantage of limited liability . To register a Company under the Companies Act, 2013, it needs to be registered with ROC (Registrar of Companies) as per the guidelines & norms laid down by the MCA.

RegisterKaro offers a cost-effective service to facilitate the Private Limited Company Registration process, managing legal formalities and ensuring adherence to MCA regulations. Upon successful registration, you receive a Certificate of Incorporation, along with PAN and TAN documents, enabling you to smoothly initiate business operations after setting up a current bank account. For more information, visit us on: https://www.registerkaro.in/

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Procedure for Indian Subsidiary Registration

Establishing an Indian subsidiary company involves a comprehensive series of steps and compliance measures. Below is a detailed guide outlining the step-by-step process for Indian Subsidiary Registration in India:

Determine the Type of Company: Decide on the specific type of subsidiary company you intend to establish.

Obtain Digital Signature Certificate (DSC): Since the registration process is conducted online, secure a Digital Signature Certificate (DSC) for the proposed directors of the company. This certificate is essential for electronically signing the necessary documents during the registration process.

Apply for Director Identification Number (DIN): Directors of the subsidiary company must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). This is achieved by submitting the DIN application online.

Name Approval: Choose a distinctive name for your subsidiary company and apply for its approval through the MCA’s online portal. Ensure that the chosen name complies with the naming guidelines provided by the MCA.

Draft Memorandum of Association (MoA) and Articles of Association (AoA): Prepare the legal documents, MoA and AoA, which delineate the company’s objectives, rules, and regulations, following the guidelines of the Companies Act 2013.

File Incorporation Documents: Once the chosen name is approved, file the incorporation documents, including MoA, AoA, and other required forms, with the Registrar of Companies (ROC) through the MCA’s online portal. The SPICe+ form is typically used for the incorporation process on the Ministry of Corporate Affairs portal.

Payment of Registration Fees: Pay the applicable registration fees to the ROC based on the authorized capital of the subsidiary company.

Obtain a Certificate of Incorporation (COI): If all submitted documents and information are in order, the ROC will issue a Certificate of Incorporation, officially confirming the registration of the subsidiary company.

Apply for Permanent Account Number (PAN) and Tax Registration: After obtaining the COI, apply for a Permanent Account Number and a Tax Deduction and Collection Account Number from the Income Tax Department for the subsidiary company.

Open Bank Account: Conclude the process by opening a bank account in the name of the subsidiary company in India.

Compliance with Other Regulations: Apart from the company registration process, ensure compliance with other relevant regulations.

Obtain a GST Number: Goods and Services Tax (GST) registration is required after completing the aforementioned steps, particularly if the company engages in various business activities. Every Indian company must apply for a GST number for taxation purposes.

Initiating Business Operations: Once all the preceding steps are completed, the subsidiary company can commence its business operations. This marks the culmination of the comprehensive process of registering and initiating operations for an Indian subsidiary company.For more information, visit us on: https://www.registerkaro.in/

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Understand the Process for Society Registration

Following is the step-by-step procedure for Society Registration in India:

1: Gather Necessary Documents for Society Registration: Collect all required documents for society registration. Ensure a thorough review of these documents before proceeding with the application.

2: Complete the Online Application: Fill in the online application form. If you encounter difficulties accessing the website, seek guidance from an expert to initiate the society registration process in Delhi through offline means.

3: Submit Application to the Relevant Authority: Send the completed online application through the official portal. In case of any difficulty locating the portal, consider having experts visit the head office to submit the application for cooperative society registration in Delhi.

4: Attain Society Registration Certificate: After scrutinizing your application form, the head office will evaluate its satisfaction. Upon approval, you will be issued the society registration certificate.

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What is NSIC?

Under the Ministry of Micro, Small, and Medium Enterprises (MoMSMEs), the Government of India oversees the National Small Industries Corporation (NSIC). NSIC encourages and supports MSMEs’ expansion across the country. Professionals oversee the corporation’s incubation and training programs. NSIC offers comprehensive support services across multiple domains, including technology, marketing, finance, and support services. Micro and Small Enterprises (MSEs) can participate in government procurement by opting for NSIC Registration under the Single Point Registration Scheme (SPRS).

The Indian government founded the National Small Industries Corporation in 1955. As of right now, NSIC is a well-known Mini Ratna PSU with ISO 9001:2015 certification. The Government of India established NSIC to support small and expanding businesses in post-independence India. NSIC serves as a middleman, offering support to small-scale industries (SSI). MSEs with NSIC registration are eligible for a number of government development programs, which can help them expand their businesses significantly.