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Let The Colors Of Holi Spread The Message of Peace & Happiness.

RegisterExperts wishes Happy Holi to all.

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Being a woman itself is a superpower. Celebrate that. Happy Women's Day.

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Let Lord Shiva bring prosperity to your home and into your life. Wishing you a happy and prosperous Maha Shivratri.

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How company registrations online is giving a helping hand to new entrepreneurs?

The word ‘online’ itself is a huge sigh of relief for many since it allows one to fill out all their requirements from the comfort of the home itself where the computer itself becomes the portal of registration. Company registrations are surely a hassle since it involves going through various checklists to get one’s business securely registered. The Indian Ministry’s website states that a company can be incorporated through Simplified Proforma normally but electronic incorporation would include doing it through (SPICe -INC-32), with eMoA (INC-33). The eAOA (INC-34) is the default option and majority of the companies are required to be registered through that process only.

By the looks of it, things don’t seem to be that different, so how exactly is the online process helping new entrepreneurs and moreover is it secure? Let’s look at it below:

Company name: The process of registration of a company or changing its name can be easily done by logging into the RUN services of the MCA with a fee of Rs 1000.

Before MCA-21: There is a huge hang-up of finding the charge IDs of charge registered before this act. In fact, it is one of the most frequently asked questions in sites, for this you have to enter the CIN in the view index of MCA.

Privacy of Data: The whole format and procedure are authentic and secure with inspection of documents allowed strictly in accordance with the provisions sets by the Companies Act 2000 and that too on a prescribed fee.

Digital signature: The Information Technology Act of 2000 states that there should be Digital Signatures on the documents submitted in electronic form in order to ensure the authenticity of the documents filed by an individual. Digital signatures are typically issued with a one to two-year validity which is renewable upon expiry.

Role check and verification: Role check can only be performed after the authorized personnel has registered their digital signature certificates with the MCA. After this comes the verification process, where it will be checked that the signature is authentic and of the owner or not. There are processes for DSC registration of directors, CEOs, CFO, practising professionals and more. This process helps in giving much-needed transparency to the process.

Thus, the process of e-filing is extremely secure and safe, not to mention Hassel free. The online revolution of doing work is worthy change indeed.

Article Source:- https://www.registerexperts.com/blog/how-company-registrations-online-is-giving-a-helping-hand-to-new-entrepreneurs/

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India before and after GST Registration

The introduction of reforms like demonetization, RERA and GST Registration in India were meant to bring about greater transparency and security in various sectors. The effects of demonetization is still a hotly debated topic, while RERA’s presence has been applauded all over the country in the realty sector, now let’s take a look at the effects of GST on tax rates:

Mobile phones rates up: Classified as luxury items: mobile phones, refrigerators, furniture, leather bag, bicycles and more increased from 2% to up to 10% for some items.

Perfumes to cost more: Following the above trend, shampoos, perfumes, skincare products and beauty items saw a rise of 2%

Highest slab: Wallpapers, paints, plaster, ceramic tiles, putty, tempered glass and more got to hit the worst with the percentage of increase up to 10%

Exemptions: Fresh Milk, vegetables, fruit, juices were exempt from GST as were condoms, human blood as well as homoeopathic and Ayurveda medications.

Lower tax on minerals: GST rates of petroleum, coal, lignite, coal, tar and more were reduced to up to 5%.

Cab booking: Booking an Ola or Uber will be cheaper now as the tax rate has come down from 6% to 5%.

Footwear: Footwear costing more than Rs 500 will have a GST rate of 18% from an earlier rate of 14 %. But rates for the footwear below Rs 500 has been reduced to 5%. As for the ready-made garments, the rates have been reduced to 12% from an existing 18%

Train fares: There will not be much of a change as the tax rate effectively increased from 4.5% to 5% in GST. But, passengers who travel on business trips can claim Input Tax Credit on their rail ticket which will help them to reduce expenses. Travellers of sleeper classes or those of local trains will not be affected, but first-class travellers will have to pay more.

Movie tickets: The verdict is that tickets costing below Rs 100 will be charged a GST of 18% but prices above that, will have a higher tax rate of 28%.

Property: Properties under construction will be cheaper than read-to-move-in ones. The tax for an ongoing-construction property is 18% but the actual rate on this will be around 12% due to the input tax credits which will be availed of by the builder.

Thus, while some products have been affected hugely, some have been left relatively unscathed or with a minor increase in rates similar to a little slap on the hand. It is good to see that fruits and vegetables or train fares, on the whole, are not being affected, now if only we could buy some nice footwear above RS 500 then that would have been more.

Article Source:- https://www.registerexperts.com/blog/india-before-and-after-gst/

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Benefits of trademark registration and why you need it?

So you made something amazing which has never been done before, you are thinking of how rich you are going to be by selling this but there’s one problem: if your product isn’t trademarked then it’s a very real possibility that someone else will sweep your design away from under your feet and you will never be able to see those riches you are dreaming of.

So, applying for a trademark protects your brand and product as well as provided you with the tools to stop someone from using similar signs and piggybacking off your business. Slowly as your business will develop, the trademark itself will have a value and it will imbue your business with a reputation which in turn will make investors flock due to the confidence your brand will provide. You can apply for the trademark as an Individual. proprietor or company as well.

All in all, there are many reasons to register for trademarks. They are:

Brand name change: Suppose you went ahead with your business idea but without registering for a trademark. Your business boomed but suddenly you find yourself in a situation where someone else registered your company logo and this can cause undue stress because it can prevent operations of your company or even prevent it from expanding. Barring mention that changing the name of a company is a Hassel inducing process which involves not only money for name change but also viral marketing campaigns to let customers know about your new presence but overall, a drop in business is almost guaranteed in such cases.

Value: As mentioned briefly above, having a registered trademark is like a security cover and investors will flock to you especially if you provide them with confidence in your brand. So the trademark increases security but also adds clarity and transparency in mergers or business deals, all in all, positively impacting the business.

Identification: The main aim if any business is to reach customers who will buy their products. One way to make this process easy is to secure a design which is uniquely associated with the products offered by your company as a whole. This will result in brand identification which will significantly lower advertising costs since the company’s logo will act as a marker on behalf of the company’s name. It also acts as very inexpensive protection.

Thus, the positives of registering for a trademark are endless, but make sure that when you register it you take into consideration two areas as well- the place and country you are registering in as well as the line of products you are doing it for. This will aid in striving off unwanted copiers later on in the business cycle.

Article Source:- https://www.registerexperts.com/blog/benefits-of-trademark-registration-and-why-you-need-it/

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The relevance of Intellectual Property Rights in Business?

‘Business’ and ‘Intellectual Property’ are two closely knit terms. In fact, business can be registered in many forms like private limited company, one person company or limited liability partnership etc. The process involves many ingredients, one such ingredient is intellectual property. Let us understand it in simple words. The first step of business creation involves innovation, designing, operating brands for products and services, trade names etc. Further, during the business development phase when the product or service is ready to be delivered, patents, trademarks, copyrights etc. become important which also form a part of IPR.

Now that you have understood the close relationship between the two, it is important to realize that the utilisation of IP assets in business strategy is vital for the success of a business. It is a competitive environment and one needs to protect the manufacturing secrets, designs etc. to retain the customer’s loyalty and survive the entrepreneurial market. The knowledge of IP assets is necessary for the evolution of a product or service pertaining to the customer’s needs.

Types of Intellectual Property Rights

Patents – They are meant for inventions. The inventor is given exclusive right on its product. Nobody else is allowed to produce the same product or use the same process for production, without the permission of the inventor. Such right is given for a limited period and granted only if the invention is capable of industrial application and involves an inventive step.

Trademarks–It is the unique identification of a specific enterprise or person producing or providing a product or service.

Industrial Designs–These can be protected if nothing like them have been previously made available to the public. Designs having ‘individual character’ can be registered to protect them from being copied by other businesses.

Trade secrets or confidential information – It is the most valuable asset of a business. For instance, a piece of information on new product design, marketing strategy or a software code can be indigenous to an enterprise.

Copyright–It is relevant to literary, musical, artistic, dramatic works etc. and involves original databases, films, programmes, broadcasts, sound recordings and typographical arrangements of published editions. Copyright is prevented from being copied or certain other acts.

Database rights–Usually, it is needed when the contents of a database are prepared, obtained or verified at high investments. Under database rights, nobody can extract or re-utilise all or a part of the contents of the database unless authorised by the owner of the database.

An understanding of intellectual property rights helps businesses to protect their confidential assets and incorporate the planning accordingly. Businesses promote innovations making huge investments and patent portfolio is quintessential to ensure the competitiveness of innovation. IPR varies from country to country, hence a prior knowledge of IP norms is important to avoid any dispute and infringement of the company’s image among customers and corporate channels.

To sum up, an enterprise should timely evaluate its existing intellectual property to be in line with business’ objectives. It can open new avenues to expand their product range and create new benchmarks.

Article Source:- https://www.registerexperts.com/blog/the-relevance-of-intellectual-property-rights-in-business/

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How To Start Online Business In India?

Online businesses are receiving much more recognition and different resources to flourish in the past few years. Numerous online business start-ups have emerged as some of the multi-baggers in this sector. Online business can be of any kind and you can start it from anywhere and anytime you want to. In India, starting an online business has a lot of potential and amazing scope to achieve big success.

Are you planning to start an online business? Yes? Then you would want to know about all the important details and steps which are required to be followed. In this article, we will be talking about how to start an online business in India and how you can establish yourself successfully.

Why Start An Online Business?

If you are wondering whether it would be a right decision to start an online business or not, then you must read the following section, where we will discuss with you why you should start an online business.

An online business can be of great potential. If you can promote and market your brand the right way, an online business has much more potential to grow than an offline business. They are not limited to only a particular area or state. The people from all over the world can access your websites.

An online business can be started without much capital in hand. When you plan to start any kind of business, you require a significant amount of capital for expanding and running the business. But an online business does not require that much money right at the beginning. Therefore you can start an online business without many resources as well.

Online businesses can be managed virtually from anywhere you want and at any time. You will only need an electronic device like a mobile phone, laptop or desktop to open your website and manage it according to your needs. Therefore many people shift to online businesses because they are much easier to manage than the ones offline. So you have the freedom to access and run your business at your will.

You have much more flexibility and freedom in terms of location or time. It is not necessary for you to choose a particular location to start your business because it is the internet where you are going to put up your business and it is accessible to everyone. You can arrange your time as per your choice and manage the website when you want to.

Therefore as you can see that there are so many reasons because of which online business has grown so much in the past few years. Now we will move to the important steps which are required to start a business.

How To Start The Online Business?

If you have read the article until this point then you are aware of why you should start an online business. Now we will discuss the important steps which are required to start an online business. Read through the following steps carefully because each one of them is equally important in the whole process.

Buying A Domain

The first step which you are required to carry out is to buy a domain. There are several domain agencies present in the market. Getting a domain requires the registration of your name and that of your business with an organization called ICANN through a domain name registrar. You will have to pay a registration fee for the domain name you choose. The moment you pay the fee, you will have the right for that particular domain for exactly one year. You will be able to renew your domain again after a year or you can also buy it for more than a year depending on the domain. Once you have your own domain you can run your website without any issues of copyrights or licenses.

Building The Website

Building the website is the next step which you must follow very thoroughly because it is the very foundation of your online business. After you have bought the domain you will be required to build a website around it. You will need to host your website on a particular hosting site.Different hosting plans provide you with different kinds of benefits.

After you get the website hosted, you will need to customize and design it according to your own choice. Try to create an attractive and useful website so that it is convenient for the people while they use the website. Your website is the face of your business, therefore, make sure it reflects the type of business you are conducting. Your website should have quick loading times and fast server response for the best performance to the users.

Company Registration

Once you have registered your domain and built a website, you will need to register your company under the government rules and policies. It is a complicated process and therefore you will need to follow all the steps very carefully. Here are the important steps which are required to follow to register your private limited company or any type of company and make sure it is legally authorized to carry out any kind of business.

The first step is to choose a correct and unique name for your company registration and then make application through RUN web-service to the MCA for its approval. It hardly takes two or three days.

Once the name is approved and allotted by the government it is valid for only 20 days and all the process for registration must be completed within these 20 days. After name approval, all the documents will be prepared for company registration and then you will be required to apply for Digital Signature of Directors and Shareholders of The Proposed Private Limited Company (Pvt. Ltd.) in India. This is an important step because without DSC you won’t be eligible to sign the application form. That is why DSC is the most important part of company registration.

Once all the documents and DSC registration is completed you need to submit the application form through the professionals like Company Secretary or Chartered Accountant or Cost Accountant or an Advocate online on MCA portal after their as well as professional’s digital signature, remember there is no physical filing allowed for company registration, all the applicant who desires to incorporate his or her business by company registration need to file an application form only through the professionals electronically.

Once your form is submitted to the concerned ROC in whose jurisdiction you want to incorporate your company, the Registrar will examine your application form and verify the authentication of your all documents. In an electronic time now there is no physical verification done by the Registrar for company registration. If your all documents and application are correct the ROC will issue Certificate of Incorporation.

Now you will need to apply for GST as well if your company meets the regulations of the GST procedures.

So this is how you are going to register your company under the government rules and regulations. It is very important that you follow the steps which we have mentioned because if you do not register your online company under the government policies then you can face a lot of legal problems later on.

Annual Compliances After Registration

After you have registered for your online company, you are required to maintain some compliances. These are called annual compliances.

Appointment of Auditor- The first Statutory Auditor has to be appointed within 30 days of incorporation in the first board meeting.

Holding Board Meeting- The first meeting must be conducted within 30 days of the incorporation. There must be a minimum of 2 meetings, one in each half calendar year. A minimum gap of 90 days is required between 2 of the meetings.

Holding Annual General Meeting- One Annual General Meeting is required to be conducted. There should be a maximum gap of 15 months between 2 consecutive AGMs.

E- Forms Filing Requirements also compulsory.

There are some other compliances as well which you can know about by contacting the government officials or visiting the online registration website.

As you can see that carrying out a business online may be easy and may have a huge potential, but at the same time, there are some important legal processes which you must complete before you can start your business. These legal processes are very important in India and any kind of failure to do so can prove to be very fatal.

Final Verdict!

If you have read the article until this point then you are now aware of the different processes and steps which you must follow so that you can legally carry out your online business in India. Make sure that you read carefully about all the steps that we have discussed here so that you do not miss out on any important information or relevant details related to the steps. We hope that this article will help you to gain a lot of potential productivity and profits in your online business.

If you can take care of your business the right way by following important and technical strategies then you can establish yourself in the online market very quickly. The online business sector is huge and you have a great window of opportunity to make it towards the successful side of it.

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How To Choose Name For Company?

A very initial and important step is to choose a name for the business and apply for its registration. But choosing the correct name for the registration of company is not so easy. There are some rules framed by the government under the Companies Act, 2013, which the applicant needs to follow before making an application to the Registrar. Section 4(2) & (3) and Rule 8 of Companies (Incorporation) Rules, 2014 is applicable for the name of the company only.

How To Choose A Company Name?

As per Section 4(2) of the Companies Act, 2013

The name of the company shall not:

Be identical with and resemble too nearly to the name of the existing company registered under this Act or any other previous law

Its use by the company:-

Will constitute an offence under any law for the time being in force; or

Is undesirable in the opinion of Central Government

As per Section 4(3) of the Companies Act, 2013

Without prejudice the provision of section 4(2), the company shall not be registered with the names which contain-

Any word or expression which is likely to give the impression that the company is involved in any patronage activity of the Central Government, State Government, local authorities, etc. or

Such words or expressions as may be prescribed.

Rule 8 of Companies (Incorporation) Rules, 2014

It contains the provisions relating to undesirable names

In determining whether a proposed name is identical to another, the difference on account of the following shall be disregarded:-

The words like Private Limited, Pvt Ltd, (P), Limited, Ltd, LLP, etc;

Words at the end of the name- company, and company, co. corp, etc;

The plural version of any word appearing in the name of the company;

Type and case of the letter, the spacing between letters and punctuation marks;

Joining the word together or separating them doesn’t make any difference;

Use of a different tense or number of the same word doesn’t make any difference;

Using different phonetic spelling or spelling variation shall not be considered as any difference

Misspelt words whether intentionally misspelt or not;

The addition of internet related words like, .com, .org, .in, .co, .edu, etc;

The addition of a word like New, Modern, Shri, Shree, Sai, Jai, Sir, etc; does not make any distinguishable identity if the applied name is similar or identical with an existing company

Different combination of a word like “(NAME) Medical and Healthcare Private Limited” by “(NAME) Healthcare and Medical Limited” is not considered as a difference

If the proposed name is the translation word or Hindi or English

The name shall be considered undesirable, if:

It attracts the provisions of section 3 of the Emblems and Names (Prevention and Improper Use) Act, 1950 (12 of 1950)

It includes the names of a trademark registered or applied for registration under Trademark Act, 1999 unless the consent of the owner or the applicant for registration has been taken or produced by the promoters.

It includes any word or words which are offensive to any section of the people.

The name shall also be considered undesirable, if-

the proposed name is identical with or too nearly resembles the name of a limited liability partnership,

[Omitted]

the company’s main business is financing, leasing, chit fund, investments, securities or a combination thereof, such name shall not be allowed unless the name is indicative of such related financial activities, viz., Chit Fund or Investment or Loan, etc.;

it resembles closely the popular or abbreviated description of an existing company or limited liability partnership;

the proposed name is identical with or too nearly resembles the name of a company or limited liability partnership incorporated outside India and reserved by such company or limited liability partnership with the Registrar:

Provided that if a foreign company is incorporating its subsidiary company in India, then the original name of the holding company as it is may be allowed with the addition of word India or name of any Indian state or city, if otherwise available;

any part of the proposed name includes the words indicative of a separate type of business constitution or legal person or any connotation thereof e.g. co-operative, sehkari, trust, LLP, partnership, society, proprietor, HUF, firm, Inc., PLC, etc.,

the proposed name contains the words ‘British India’;

the proposed name implies association or connection with embassy or consulate or a foreign government;

the proposed name includes or implies association or connection with or patronage of a national hero or any person held in high esteem or important personages who occupied or are occupying important positions in Government;

[Omitted]

the proposed name is identical to the name of a company dissolved as a result of liquidation proceeding and a period of two years have not elapsed from the date of such dissolution:

Provided that if the proposed name is identical with the name of a company which is struck off in pursuance of action “or under section 560 of the Companies Act, 1956” then the same shall not be allowed before the expiry of twenty years from the publication in the Official Gazette being so struck off;

it is identical with or too nearly resembles the name of a limited liability partnership in liquidation or the name of a limited liability partnership which is struck off up to a period of five years;

the proposed name include words such as ‘Insurance’, ‘Bank’, ‘Stock Exchange’, ‘Venture Capital’, ‘Asset Management’, ‘Nidhi’, ‘Mutual fund’ etc., unless a declaration is submitted by the applicant that the requirements mandated by the respective regulator, such as IRDA, RBI, SEBI, MCA etc. have been complied with by the applicant;

the proposed name includes the word “State”, the same shall be allowed only in case the company is a government company;

the proposed name is containing only the name of a continent, country, state, city such as Asia limited, Germany Limited, Haryana Limited, Mysore Limited;

the name is only a general one, like Cotton Textile Mills Ltd. or Silk Manufacturing Ltd., and not Lakshmi Silk Manufacturing Co. Ltd;

[Omitted]

the proposed name includes the name of any foreign country or any city in a foreign country, the same shall be allowed if the applicant produces any proof of the significance of business relations with such foreign country like Memorandum Of Understanding with a company of such country:

Provided that the name combining the name of a foreign country with the use of India like India Japan or Japan India shall be allowed if, there is a government to government participation or patronage and no company shall be incorporated using the name of an enemy country. Explanation.- For the purposes of this clause, enemy country means so declared by the Central Government from time to time.

Omitted

Omitted

The applicant shall declare in affirmative or negative ( to affirm or deny ) whether they are using or have been using in the last five years, the name applied for incorporation of company or LLP in any other business constitution like Sole proprietor or Partnership or any other incorporated or unincorporated entity and if, yes details thereof and No Objection Certificate from other partners and associates for use of such name by the proposed Company or LLP, as the case may be, and also a declaration as to whether such other business shall be taken over by the proposed company or LLP or not .

The following words and combinations thereof shall not be used in the name of a company in English or any of the languages depicting the same meaning unless the previous approval of the Central Government has been obtained for the use of any such word or expression-

(a) Board;

(b) Commission;

(c) Authority;

(d) Undertaking;

(e) National;

(f) Union;

(g) Central;

(h) Federal;

(i) Republic;

(j) President;

(k) Rashtrapati;

(l) Small Scale Industries;

(m) Khadi and Village Industries Corporation;

(n) Financial 8[Omitted] Corporation and the like;

(o) Municipal;

(p) Panchayat;

(q) Development Authority;

(r) Prime Minister or Chief Minister;

(s) Minister;

(t) Nation;

(u) Forest corporation;

(v) Development Scheme;

(w) Statute or Statutory;

(x) Court or Judiciary;

(y) Governor;

(z) the use of word Scheme with the name of Government (s), State, India, Bharat or any government authority or in any manner resembling with the schemes launched by Central, state or local Governments and authorities; and

(za) Bureau

For the Companies under section 8 of the Act, the name shall include the words foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust and the like etc. Every company incorporated as a “Nidhi“ shall have the last word ‘Nidhi Limited’ as part of its name.

The names released on change of name by any company shall remain in database and shall not be allowed to be taken by any other company including the group company of the company who has changed the name for a period of three years from the date of change subject to specific direction from the competent authority in the course of compromise, arrangement and amalgamation.

Article Source:- https://www.registerexperts.com/blog/how-to-choose-name-for-company/

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What Business To Start In India?

Many of us at some point in our lives give it a thought that we should try our luck in business what with all the success stories of extraordinary businessmen who started from nothing and reached to worth in millions of dollars, some of them even billions. All these tend to have a good impact on our mind and make us think running a business will help us to achieve whatever we want in our lives because of its brilliant scope of unlimited earnings. All of these glittering ideas however also tend to make people frustrated and eventually, they leave the field of business and plan on to other things.

Before we move on to the top businesses which you can carry out in India, it must be understood in the first place that, running your own business is more difficult than doing a fixed job. Establishing a successful business requires a lot of resources, strength, intelligence, ability to sell your ideas and finally, the willpower to strive through failure. You have a big chance of failing in your business eventually but those who do not get demotivated from all these and carry on their work are the ones who make it through.

So in this article, we will be discussing with you some amazing business ideas which you can think of investing in and make it worth it. Let us have a look at what business to invest in India.trade.

Wine Shop- One of the most interesting and at the same time profitable business that you can choose to invest in is a wine shop. Wine shops require a huge investment which is divided into a lot of things like the license to sell wine and liquor, the cost of building the store, hiring employees, keeping the right amount of stock etc. But at the same time, you also have a good opportunity to gain exemplary profits from your investment if you set up a wine shop wisely.

Tourism Agency- India is one of the most important and popular tourist destinations in the world. So why not make the full use of it? Several tourism agencies have earned in six-digit figures by carrying out different tours all over the country. Since people love to travel to different places, you will be able to gain a good profit by asking for the right price from them for the tour. You can also plan international tours as well when you reach a certain stable and successful position in the business.

Fast Food Joint- In this fast pacing world, we have tended to change the way we eat our food as well. The people of India love food and especially fast food. So you can put your money to start a fast food joint. Decide on which cuisine or style of food you would be providing to the people. Understand the demand which the people have in your vicinity and also maintain good food quality and standard. With time as customers will grow, your profits will start increasing as well.

Real Estate Agency- As we all know, the real estate sector can provide you with the scope to earn a lot. There are a lot of investments made in this sector and if you choose to do it wisely and in an intelligent manner, you will be able to become successful real quick. You can buy and sell properties, you can put properties on rent or lease, you can also build your own property and lent them out to others. Whatever you choose to do, real estate can be the business you always wanted.

Super Speciality Store- People need to buy a lot of different things for their daily and monthly household needs. So you can make good profits by providing them with all these products. Super speciality stores have the stock for several products like food items, garments, equipment, gadgets etc. All in all, they are like a one stop place for everything one can think to buy. Even though it requires a good amount of investment to start such a store, it is very profitable.

Photography Agency- People tend to hire photographers frequently for different types of occasions they host. So to capture some good memories, people require a talented photographer to come and click a lot of pictures. Therefore, you can choose to start a photography agency where you can hire some good photographers and send them out on assignments for different projects and people. You can earn a good amount of money when you gain a good reputation and people call you to take care of their photography requirements.

Web Designing Agency- In recent years there has been a huge increase in popularity in the field of website and internet. You can choose to invest in and start a web designing agency and help people to set up their own websites. Designing a website requires a lot of different work and knowledge. Therefore most of the people out there have no idea what web designing actually deals with. So you can provide them with a good website and in return, you can expect a good amount of profit from them.

Security Agency- with the residential and commercial spaces increasing at a rapid rate every year, people require good Security Services so that they can keep their properties safe. Therefore different security agencies are having a good time providing security facilities to these people who want to safeguard their business or property. You can therefore also choose to invest in a security agency and set up your own. With time as people will know more about your business and the kind of quality you provide you will start earning in huge numbers.

Coaching Centre- Education is an integral part of all of our lives. Nowadays education has become more popular and people are educating themselves more than ever. Therefore you can choose to start a coaching centre where you can teach different students who have education requirements related to various fields. Most of the time people are ready to invest a lot of money in these centres because they provide with effective and helpful educational resources.

Spa And Salon- People are often tired due to their hectic schedule and therefore they look for different ways to rejuvenate themselves. Therefore you can choose to start a spa and salon business and with time start increasing your profits. You must provide with excellent services and the kind of amenities that the people have in demand. If people are satisfied with them they will be visiting your store more often and also recommend it to others. So this business has a huge potential to turn your income into multiple figure digit.

If you have read the article until this point then you are now aware of different business ideas in which you can choose to invest in and to start any business you need to register that business. You can register your business online. Always remember that no one can assure you that you can become successful by running a certain type of business. However hard and smart work will always help you achieve whatever you aim for in your life and the same goes for business.

Article Source:- https://www.registerexperts.com/blog/what-business-to-start-in-india/

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Type of Company Registrations in India

The word company signifies any entity formed under the companies’ act 2013. It usually consists of an association of people be it natural, legal or any other kind of an entity. It is seen the trial to choose a proper legal entity before starting your own business.

Here we are going to see a detailed description of the different kinds of companies in India.

Private Limited Company

A private limited company is usually held for small startups or small-scale business. The shares of these companies are not available for public sharing or trading. A private limited company can be the one which is limited by shares or can be limited by guarantee. Now, by shares, we mean to say that the company have the liability of its members. Whereas, by guarantee, it means to say that the members can contribute to the assets of the company as and when the need arises and save it from going bankrupt. Another kind under this is the unlimited company which means that there is no liability to the members of the company. The unlimited company has it as a rule that the members of the company need to meet up and pay all the existing debts of the creditors. This means that the risk is really very high in such cases. These kinds of organisations are not found in India given to the level of risks involved in such cases. Private limited companies have a lot of benefits over a public company which is why they are widely used.

Public Limited Company

This is a type of company where shares can be bought by the public in general. Here, the shares are listed and can be traded in stock market freely. But you have to get your company listed to sell the shares on the stock exchange. There should be at least 7 members in this company but there is no upper bound to the number of members allowed here. The public can easily subscribe to its shares or make any kind of purchases. However, an audit is necessary in public limited company

Nidhi Company

Nidhi Company is a kind of non-banking Indian finance sector but it operates its functions between its members only no other person is allowed to take part in these activities without being its member. Nidhi Company is also an incorporated company under the companies act 2013 with the MCA. Its objectives are to promote savings among members, to lend loans and receive money from its member only.

Section 8 Company

Section 8 Company is a company registered under the Indian Companies Act, 2013, which operates its business activity for the social welfare of society. It is a non-profit organization that works only for the betterment of society. They are established to promote commerce, science, art, education, research, social welfare, religion, charity, protection of the environment and all other charitable activities. The members of this company are restricted to share the profit earned by the company; the profit shall be used only for the fulfilment of the objective of the company.

One Person Company

A totally new concept introduced under the Companies Act, 2013, One Person Company (OPC) in which a single person can start his business solely. In a private limited company and public limited company, the minimum requirement of a person is two and seven whereas in OPC a single person can register its company. It is a revolutionary concept for the single-handed business earlier a single person cannot form its company in the name of “private limited or public limited” but now a sole person can use the name private limited at the end of the name of its business. OPC enjoys all the benefits of the private limited company with some exemption granted in companies act, 2013.

Limited Liability Partnership

Limited Liability Partnership (LLP) is a hybrid of a partnership firm and company. It is an upgraded version of a partnership firm with the features of the company. LLP having partners and designated partners rather than directors and shareholders. The LLP is a separate legal entity, required a minimum of 2 partners with no minimum capital requirement, the partners of the LLP having limited liabilities. The incorporation of LLP is not so high, there are fewer restrictions and compliances as compared to the company so it is easy to maintain and run LLP

These kinds of registrations have their own kind of benefits. It depends completely on the person who is starting the business or may also depend on the kind of business being started.

Article Source:- https://www.registerexperts.com/blog/type-of-company-registrations-in-india/

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Limited Liability Partnership (LLP) New Rules and Procedure

Limited Liability Partnership (LLP) is a new form of corporate entity; it is a partnership in which partners have limited liabilities. LLP is regulated under the Limited Liability Partnership Act, 2008 and registered with Central Government under the Ministry of Corporate Affairs (MCA).

As on 26th January 2018, the application for allotment of Designated Partner Identification Number has been closed due to making amendments in the forms of LLP. But as on 2nd October 2018, the government came up with the new forms and changes in the incorporation procedure of LLP.

LLP Registration Old Rules

Before 2nd October 2018 we need to file a separate form i.e. FORM-1 for name reservation in which we can apply six names in one application but now we can apply only two names in one application which is now converted into web-services i.e. RUN-LLP.

Earlier after name approval but before incorporation the partners need to take DPIN/DIN but now there is no such provision is applicable. Now those persons can also apply for the LLP registration without having DIN/DPIN because the partners can apply for their DPIN/DIN in the same incorporation form which is now get changed into FiLLiP from FORM-2.

Now there is only there step to incorporate an LLP:

Name reservation

Taking DSC (Digital Signature Certificate)

DPIN/DIN and Incorporation of LLP

There is not only changes in the incorporation form and process but also get some changes into another form and these are:

Addendum to FORM 2 which is for the details given in respect of designated partner and partners of LLP which is not provided in the corresponding form FiLLiP which is now get replaced by the form Addendum FiLLiP. The SRN of Form 1 is substituted with the RUN-LLP SRN.

FORM 5 remains the same form only after making a few amendments in it. The SRN of FORM 1 is also allowed to pre-fill in the FORM if it is approved by the MCA before this notification but the FORM 5 still not filed and if the form is filed it will remark as re-submission and the applicant need to file the new forms.

FORM 17 is application and statement for conversion of a firm into LLP is also remains the same by making a minor modification in the form.

FORM 18 is the application and statement for conversion of a private limited company/ unlisted public limited company into LLP, this form also remains the same only a few amendments are made in the form.

LLP Registration New Rules

Maximum two DINs/DPINs is allocated through FiLLiP

In case none of the Designated Partners has DIN/DPIN, the form can now be signed by providing PAN details of the Designated Partners.

If the name is not applied and approved through RUN-LLP, the user can apply the name through FiLLiP but the only name is allowed to apply in form FiLLiP.

DPIN/DIN/DSC is now no more required for the name reservation.

The same user login id which was used for reservation of name through RUN-LLP has to be used for submitting and uploading FiLLiP.

It is advisable to get familiar with the Limited Liability Partnership Rules 2009 along with the amendments made for the incorporation of LLP before applying for the LLP registration so it is always better to take professional assistance for the registration of an LLP.

Article Source:- https://www.registerexperts.com/blog/limited-liability-partnership-llp-new-rules-and-procedure/

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Difference Between Trademark, Patent & Copyright

The protection of intellectual property is often not noticed by entrepreneurs. Very few entrepreneurs/businessmen or new companies know how important it is to protect their intellectual property in the long term. Therefore, it is essential that an owner of a business, or an inventor, as well as entrepreneurs, fully understand the terms of a registered patent, trademarks, and copyright. Check your trademark application status without any trouble.

Ownership and registration of intellectual property or IP, as it is known in brief, is enormously valuable in the long term. If you know it’s useful; you can decide when you need a patent for your product or copyright for your song. The presence of a patent, trademark or copyright can guarantee that you have all the legal rights to act against another person or entity because they have violated your intellectual property. However, before continuing, you must understand the fundamental differences between the three types of intellectual property.

What is a patent?

The patent is an exclusive right or legal document issued when the invention in question is newly created or innovative and has commercial value. A patent is given for an invention. Patent registration grants the power to prevent other persons from manufacturing, using or selling the product or services without the consent of the owner. A patent can also be licensed as well as sold.

Scope and Benefits of patents.

Patents are rights which are confined to a country or territory. Such as an Indian patent gives the patent owner the right to manufacture and sell his patented products in India. The patent holder can even prevent third parties from importing products into Indian territory if he has the right to an Indian patent. In India, the patent filing process and patent arbitration are governed by The Patents Act of 1970 and The Patents Rules of 2003. The patent application can be filed alone or jointly by several parties including the inventor and the assignee.

The patent is granted for the period of 20 years from the filing date, for which annual fees must be paid each year. If the fees are not paid within the stipulated time, the rights expire. A patent grants protection to an invention for 20 years, but beyond that, it can’t be renewed. A provisional patent lasts a single year. The fee to be paid with the patent application is INR 1600 for a single applicant. It must be understood that a patent does not involve the right to manufacture and sell a particular product. A patent is, in fact, a right to prevent other people from producing, selling or importing a patented product for the duration of the patent.

Why is the patent required?

A patentable invention can be a product as well as any process or method of manufacture and includes the machine and any apparatus. It also applies to software, hardware and pharmaceutical products.

What is a trademark?

A registered trademark is a sign, design, symbol, word or phrase or combination thereof that is used to exchange products or provide services. Identifies the source of products and services and differentiates them from other products and services. It grants the exclusive rights to use a trademark in relation to the product or service — scope and Benefits of a trademark.

The Indian brands are divided into 45 classes, with classes 1 to 34 corresponding to the products or goods and classes 35 to 45 to the services. This categorization creates a hierarchy about brands and what category they belong to. Registration of the logo and slogan requires different registration applications. The registration of the trademark is valid for ten years and can be extended. Trademark registration status can be verified easily. Brand name registration protects your business.

The owner of a registered trademark can be an actual person, or a company or any legal entity.

The registration of a trademark provides legal proof and a public announcement of the ownership of the property. Registered trademarks have a right to use the ® symbol. A trademark retains the exclusive use of the related products or services in the market and prevents other business competitors from using a similar brand or similar text in its brand. The brand registration serves to establish the brand and confidence in the minds of the users. It is possible to do trademark registration online.

Why trademark it is required?

You must register your trademark India if the brand you sell is gaining ground and you can benefit as the sole owner. The reason for quick entry into the trademark registry is simple. If you do not register in time for the name or brand, this could be done in the near future by another person with the same commercial interest. Therefore, you may need to change the name of your brand, which may affect the loyalty of your customers. It is safer to register for brand protection once you start your business. Trademark registration India online is done very easily.

What is copyright?

Copyright is also an instrument for the protection of intellectual property that may be in the form of music, literature, visual works such as paintings or sculptures, books or poems, scripts of films and plays, etc. it disallows anyone else from using copyrighted material.  It does not explicitly require the registration of copyright.

Scope and Benefits of copyright.

The copyright registration grants the author of the dramatic, musical or artistic work the exclusive right to use and transmit its creation by prohibiting it from being reproduced or sold online or offline by anyone other than the author. For a single owner, the term of the copyright is equal to the life of the author plus 60 years, while for a non-owner, copyright can exist up to 60 years from the date of publication of the publication date.

The symbol © is used to protect the authentic works protected by copyright. Registration is not mandatory, but certification shows originality. Copyright registration is required if you expect a violation. The copyright is valid for the duration of the author’s lifetime plus 60 years. The fees for the registration of the copyright depending on the respective work.

Why copyright is required?

You will need a copyright registration if you expect an infringement. That would be in case of authors of books or training manuals, film directors, photographers, and other creative people. However, as mentioned above, copyright can grant authors and creators a legal avenue to combat copy and plagiarism.

Article Source:- https://www.registerexperts.com/trademark/difference-between-trademark-patent-copyright/

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Capital Of Company

What Is The Share Capital Of The Company?

Share capital means a share of the total capital of the company. Capital means the investment made in the company to start the business activity. Shareholders or members of the company invest their money in the form of capital to start the company. They invest money either as equity share capital or as a preference share capital. The shareholder will become the owner of the company for that portion of the amount which he invests in the company.

As per law share capital means “a share in the share capital of the company and includes stocks.”

The share capital of the company is divided into different stages and these are:

Authorized Share Capital

Issued Share Capital

Subscribed Share Capital

Paid-up Share Capital

Authorized Share Capital

The maximum amount limit of capital which a company can invest in the company during its tenure. The shareholders cannot invest funds more than the authorized capital of the company mentioned in the Memorandum of Association of the Company. Whenever the company raises capital it will raise from the authorized capital.

“Means such capital as is authorized by the memorandum of a company to be the maximum amount of share capital of the company.”

Can Authorized Capital Be Increased Or Decreased?

Yes, this is possible under companies act, 2013 there is a provision regarding alteration in the capital of the company. The company anytime during its tenure can change the capital structure of the company by taking consent from directors in a board meeting of the company and from shareholders of the company in the general meeting. They also, have to submit forms to the central government(ROC).

For increasing the capital of the company the only the intimation to the ROC is required but for reducing the capital approval of government is required.

Issued Share Capital

“means such capital as the company issues from time to time for the subscription.”

It means the capital which is issued from the authorized capital of the company to shareholders for subscribing and investing in the company. Issued capital cannot be more than authorized capital.

Subscribed Share Capital

“means such part of the capital which is for the time being subscribed by the members of the company.”

It means the members are ready to take the shares issued by the company. The member or shareholder can subscribe to any number of shares as per their own choice or to the minimum amount fixed by the company. Subscribing share means making application to the company showing their willingness to buy the shares and make a contribution towards the business of the company.

Paid-Up Share Capital

“means such aggregate amount of money credited as paid-up as is equivalent to the amount received as paid up in respect of amount issued and also includes any amount credited as paid up in respect of share of the company, but does not includes any amount received in respect of such shares, by whatever name called.”

It is part of issued capital means it is that part of capital for which the members show their willingness to buy and also made the payment. If any members file an application for subscribing the shares and fail to pay the amount for such shares that shares will become unpaid-up share capital.

Article source:- https://www.registerexperts.com/company/capital-of-company/

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Basics Of Trademark Objection

Registration of a trademark is a form of intellectual property protection against theft of brand name. A trademark is a design or a logo which distinguishes your goods or services from those offered by your competitors. The trademark registration is done with the help of an application in a prescribed format. When the application is filed the trademark authority scrutinizes it and issues a trademark examination report. Trademark registration status can easily be verified online.

How To File Trademark Objection

In cases where the trademark registrar objected to the registration of a trademark, the applicant has an opportunity to provide a written response to the opposition of his application. The response to the trademark examination report must include the reasons along with supporting facts and evidence that demonstrate why the trademark must be registered in favour of the applicant and be helped by additional evidence if required. If the trademark examiner considers that the response is sufficient and addresses any concerns expressed in the trademark examination report, the application may be published in the trademark journal before registration.

Sometimes, the trademark examiner may object regarding the registration of a trademark for various reasons. This may be because the trademark you have chosen is similar to an existing one or because it hurts the sentiments of a community or is deemed obscene.

In section 9 and 11 of The Trademark Act of 1999, there is given the absolute and relative grounds for refusing to register a trademark. Besides, the examiner will verify if the application is presented in the appropriate form and decide whether restrictions or conditions are to be imposed on the trademark.

Why Raise A TM Objection?

It is in the applicant’s interest to submit the application in accordance with all registration requirements. Some errors may bring forth the need to respond to a trademark examination report. In this case, the examiner collects the objections in the trademark examination report, and that is uploaded to the trademark registration website. The applicant for a trademark or his representative, usually a lawyer, must provide a response to the objections raised in the trademark examination report.

There is a significant possibility that if one responds with clear facts, then the objection to the trademark may be removed. If you provide clear evidence of the distinctive character of your trademark, it is very likely that your claim will be allowed. Therefore, there is no reason why your application should be abandoned only on the basis of trademark opposition. The registrar may just need clarification.

Usually, any reply to an examination report must be answered within 30 days after the date of the report. However, the response time to the report is also indicated at the end of the report.

Types Of Trademark Objection

The trademark registrar can raise objection only under two sections either under section 9 or section 11 or both according to his examination along with some useful tips to respond to a trademark examination report in the case there has been an objection by a trademark examiner and these are:

If the applied trademark is similar or identical with any existing trademark irrespective of its status i.e. it is registered or under process, it is always better to check the availability of your trademark before making the application of its registration. However, the applicant can file a proper statement along with the evidence for proving the dissimilarity or the applicant can take the no-objection certificate from the registered user of the trademark. It is always beneficial if you are attaching any evidence along with the reply which may distinguish between your applied trademark and the existing trademark.

The second reason for raising an objection is that your trademark or logo is hurting the sentiments of any class of people or citizen of India. So, always be careful while choosing your brand name or logo before filing its registration application. It should not contain any word or symbol or any mark which gives any wrong message or impression towards the society or nation.

If the applicant files any wrong information or any sort of details in the application for example if the applicant makes any incorrect classification of a class of trademark, the registrar can object the trademark and instruct to change the class the of trademark, then you have to make a separate application for rectifying the mistakes.

The registrar can raise an objection on the lack of documents or evidence i.e. if an application is filed without attaching power of attorney or if the documents are not digitally signed the registrar never accepts any application in which the documents are incomplete. If any such situation arises then submit the documents by making the required rectification in the application but it is always better to attach the complete documents at the time of filing an application.

If the application doesn’t contain the proper description of goods or services provided by the applicant. If there is any confliction in the classification and the trademark then it would not be acceptable by the registrar of the trademark. Always provide a clear and proper description of the business activity.

Article source:- https://www.registerexperts.com/trademark/basics-of-trademark-objection/