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jass22 · 6 months

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Simplifying Business Registration in Kolkata: A Comprehensive Guide.

Navigating the maze of business registrations can be daunting, especially in a bustling city like Kolkata. From private limited companies to trademark registrations, here’s everything you need to know to establish your business successfully.

Starting a business in Kolkata or anywhere else requires navigating a series of legal procedures and registrations. Each step is crucial and contributes to the legitimacy and protection of your venture. In Kolkata, a city known for its entrepreneurial spirit, understanding the nuances of various business registrations is essential for smooth operations. Let's delve into the intricacies of different registrations you might need for your business in Kolkata.

Private Limited Company Registration: Registering your business as a private limited company offers several benefits, including limited liability protection and access to funding. In Kolkata, the process involves obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), and filing the necessary documents with the Registrar of Companies (ROC). This registration is suitable for medium to large-scale businesses aiming for growth and expansion.

Business Registration: Kolkata offers various options for registering your business, including sole proprietorship, partnership, and limited liability partnership (LLP). Each structure has its own set of advantages and legal requirements. Sole proprietorship is the simplest form, while LLP combines the benefits of a partnership with limited liability protection. Understanding your business's needs and choosing the appropriate structure is crucial for long-term success.

Trademark Registration: Protecting your brand identity is paramount in today's competitive market. Trademark registration ensures exclusive rights to use your brand name, logo, or slogan, preventing others from using similar marks. In Kolkata, the process involves conducting a trademark search, filing an application with the Trademark Registry, and regular monitoring to safeguard your intellectual property.

LLP Registration: Limited Liability Partnership (LLP) is a popular choice for small to medium-sized businesses in Kolkata. It offers the flexibility of a partnership combined with limited liability protection for partners. The registration process includes obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), and filing the incorporation documents with the Ministry of Corporate Affairs (MCA).

Nidhi Company Registration: Nidhi companies are non-banking financial institutions that facilitate mutual benefit among members. In Kolkata, registering a Nidhi company involves adhering to the strict regulations set by the Ministry of Corporate Affairs (MCA). The process includes drafting the memorandum and articles of association, obtaining approvals, and complying with ongoing compliance requirements.

Section 8 Company Registration: Section 8 companies, also known as not-for-profit organizations, are formed for promoting charitable activities, social welfare, or other nonprofit objectives. In Kolkata, registering a Section 8 company requires approval from the Central Government and adherence to specific regulations outlined in the Companies Act. This registration is ideal for entities focusing on social impact rather than profit generation.

Startup India Registration: Startup India initiative aims to foster innovation and entrepreneurship by providing various benefits and incentives to startups. Registering your startup under this scheme can unlock access to funding, tax exemptions, and other support services. In Kolkata, startups can register online through the Startup India portal by fulfilling the eligibility criteria and submitting the required documents.

Navigating the landscape of business registrations in Kolkata can be overwhelming, but with the right knowledge and guidance, it becomes more manageable. Whether you're establishing a private limited company, protecting your brand through trademark registration, or registering as a startup under the Startup India initiative, each step is crucial for the success and sustainability of your business. By understanding the requirements and adhering to the legal procedures, you can lay a strong foundation for your venture in the vibrant business ecosystem of Kolkata.

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souravca · 2 months

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Why Registering Your Company in Kolkata is a Smart Move

Registering your company in Kolkata is a crucial step in your entrepreneurial journey. By understanding the process and requirements, you can ensure a smooth and hassle-free registration experience. Remember to stay compliant with post-registration requirements and seek professional help if needed.

Understanding the Types of Company Registrations

Before you start the registration process, it's essential to understand the different types of companies you can register. Each type has its own set of rules and benefits, so choosing the right one is crucial for your business's success.

Private Limited Company

A private limited company is the most popular choice for startups and small businesses. It offers limited liability protection to its shareholders, meaning their personal assets are safeguarded in case of business losses. Additionally, this structure allows for easy transfer of shares and attracts more investors.

Limited Liability Partnership (LLP)

An LLP combines the benefits of a partnership with those of a private limited company. It provides limited liability protection to its partners while allowing them to participate actively in the business's management. This structure is ideal for professional services firms, such as law and accounting practices.

One-Person Company (OPC)

An OPC is a relatively new concept in India, allowing a single individual to own and operate a business. It offers limited liability protection and is suitable for solo entrepreneurs who want to maintain full control over their enterprise.

Public Limited Company

A public limited company is a larger business entity that can raise capital by issuing shares to the general public. This structure is suitable for businesses with significant growth potential and plans to go public in the future.

Benefits of Online Company Registration in Kolkata

Registering your company online offers several advantages over traditional methods. Here are some key benefits:

Convenience and Efficiency

The online registration process is streamlined and can be completed from the comfort of your home or office. This eliminates the need for multiple visits to government offices and reduces the time and effort required.

Faster Processing Times

Online registrations are typically processed faster than paper-based applications. This means you can get your business up and running sooner, allowing you to focus on growth and development.

Cost-Effective

Online registration is often more cost-effective, as it reduces the need for intermediaries and physical paperwork. This may save your company a substantial amount of money.

Access to Digital Records

Once your company is registered online, you can easily access and manage your records digitally. This makes it easier to stay compliant with regulatory requirements and simplifies the process of updating your company information.

Step-by-Step Guide to Online Company Registration in Kolkata

Are you ready to register your company? To guarantee a seamless and trouble-free procedure, adhere to these procedures.

Step 1: Obtain Digital Signature Certificate (DSC)

The first step in the registration process is obtaining a Digital Signature Certificate (DSC) for the proposed directors of your company. The DSC is essential for signing electronic documents and ensures the authenticity of your application.

Step 2: Apply for Director Identification Number (DIN)

Next, you'll need to apply for a Director Identification Number (DIN) for all proposed directors. The DIN is a unique identifier required for anyone serving as a director in an Indian company.

Step 3: Name Reservation

Select a distinctive name for your business and use the Ministry of Corporate Affairs (MCA) online to submit it for approval. Ensure the name complies with the guidelines and is not already in use by another company.

Step 4: Prepare and File Incorporation Documents

Draft the Articles of Association (AOA) and Memorandum of Association (MOA), among other required incorporation documents. A private limited company registration in Kolkata can help with these documents, which outline your company's objectives, rules, and regulations. Once prepared, file them with the MCA.

Step 5: Payment of Fees

Pay the required registration fees through the MCA portal. The fees vary based on the authorized capital of your company and the type of registration.

Step 6: Certificate of Incorporation

After the MCA reviews and approves your application, you'll receive a Certificate of Incorporation. This certificate is evidence that your firm is officially registered and ready to start up.

Leveraging Professional Help for Online Company Registration

If you're unsure about the registration process or want to ensure a seamless experience, consider seeking professional help. Chartered accountants, company secretaries, and legal experts can guide you through the process and handle complex legalities.

Benefits of Professional Assistance

Professional assistance can save you time and effort, ensuring your application is accurate and complete. Experts can also provide valuable advice on choosing the right company structure and navigating regulatory requirements.

Choosing the Right Professional

When selecting a professional, look for someone with experience in online company registration in Kolkata and a good track record. Seek recommendations from fellow entrepreneurs or industry associations to find reliable professionals.

#gst #gst registration #gstreturns #gstfiling #agency

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efilingcompanydelhi123 · 3 months

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How to Register a Company in Kolkata: A Comprehensive Guide?

Registering a company in Kolkata is a significant step towards establishing your business in one of India’s most vibrant commercial hubs. Whether you're starting a startup, a small business, or a large enterprise, understanding the registration process can save you time, money, and potential legal troubles. This guide will walk you through the essential steps and provide you with the top do’s and don’ts to ensure a smooth registration process.

Step-by-Step Process to Register a Company in Kolkata

Choose Your Business Structure:

Private Limited Company

Public Limited Company

Limited Liability Partnership (LLP)

One Person Company (OPC)

Sole Proprietorship

Partnership Firm

Obtain Digital Signature Certificate (DSC):

Every company needs a DSC for its directors to sign electronic documents. DSC can be obtained from certifying authorities.

Acquire Director Identification Number (DIN):

Apply for DIN through the Ministry of Corporate Affairs (MCA) portal. Each director of the company must have a DIN.

Name Approval:

Propose a unique company name and check its availability on the MCA portal. Submit your chosen name for approval.

Prepare MOA and AOA:

Draft the Memorandum of Association (MOA) and Articles of Association (AOA) which outline the company's objectives and internal rules.

File Incorporation Forms:

Submit the incorporation forms (e.g., SPICe+ form) along with the required documents to the Registrar of Companies (RoC).

Obtain Certificate of Incorporation:

Once your documents are verified, you'll receive the Certificate of Incorporation (COI), making your company legally recognized.

Apply for PAN and TAN:

Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Open a Bank Account:

Open a business bank account using your company’s incorporation documents.

If your business exceeds the turnover threshold or engages in interstate transactions, register for Goods and Services Tax (GST).

Top 8 Do's and Don'ts for Company Registration

Do's

Conduct Thorough Research:

Understand the different business structures and choose the one that best suits your business goals.

Ensure Name Uniqueness:

Check the MCA portal for name availability and ensure it does not conflict with existing businesses.

Prepare Accurate Documents:

Make sure all required documents are correctly prepared and authenticated, including ID and address proofs of directors and shareholders.

Hire Professional Help:

Consider consulting with a legal or accounting professional to avoid common pitfalls and ensure compliance with all legal requirements.

Follow Compliance Requirements:

Keep abreast of statutory compliance requirements, such as annual filings, to avoid penalties.

Keep Financial Records:

Maintain detailed and accurate financial records from the start to simplify accounting and auditing processes.

Plan for Future Expansion:

Choose a business structure that allows for future growth and expansion without legal complications.

Understand Tax Obligations:

Be aware of your tax obligations and ensure timely registration for PAN, TAN, and GST.

Don'ts

Don’t Rush the Process:

Take your time to understand each step thoroughly. Rushing can lead to mistakes and legal issues.

Don’t Ignore Legal Advice:

Skipping professional advice to save money can cost you more in the long run. Legal experts can help you navigate complex regulations.

Don’t Use Inaccurate Information:

Ensure all information provided in forms and documents is accurate and up-to-date. Inaccuracies can delay the process.

Don’t Neglect Company Name Rules:

Avoid choosing a name too similar to existing businesses or trademarks to prevent rejection or legal conflicts.

Don’t Overlook Post-Incorporation Compliance:

Registration is just the beginning. Failing to comply with post-incorporation requirements can lead to penalties and legal issues.

Don’t Forget to Register for Taxes:

Ensure timely registration for PAN, TAN, and GST to avoid penalties and ensure smooth business operations.

Don’t Ignore Local Regulations:

Be aware of and comply with local laws and regulations specific to Kolkata and West Bengal.

Don’t Disregard Business Insurance:

Protect your business with appropriate insurance to mitigate risks and potential liabilities.

By following this comprehensive guide and adhering to the do’s and don’ts, you can successfully register your company in Kolkata and set a strong foundation for your business’s growth and success. Remember, the initial effort in ensuring proper registration and compliance will pay off in the long run, helping you avoid legal issues and focus on building your business.

#company registration Kokata #Kolkata company registration #efiligcompany

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swaritadvisiors · 1 year

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Demystifying Trademark Registration in Kolkata: A Step-by-Step Guide

Kolkata, the cultural capital of India, is a bustling hub of business and innovation. Whether you're a seasoned entrepreneur or a startup enthusiast, protecting your brand identity is crucial in this thriving city. One way to secure your brand's uniqueness and legal rights is through trademark registration. In this comprehensive guide, we will walk you through the process of trademark registration in Kolkata, making it easier for you to safeguard your business's identity.

Understanding Trademarks:

Before we dive into the registration process, let's clarify what a trademark is. A trademark is a distinctive sign that identifies and differentiates your products or services from those of others. It can take various forms, including words, logos, symbols, or even a combination of these elements. Trademarks play a pivotal role in building brand recognition and trust among consumers.

Why Trademark Registration Matters:

Legal Protection: Registering your trademark provides legal protection, giving you exclusive rights to use it for your products or services in Kolkata.

Preventing Confusion: It prevents others from using a similar or identical mark that might confuse consumers, protecting your brand's reputation.

Business Asset: A registered trademark is a valuable business asset that can enhance your company's worth and be licensed or sold if needed.

Trademark Registration Process in Kolkata:

Now, let's break down the steps to register your trademark in the City of Joy:

Trademark Search: Begin by conducting a thorough trademark search to ensure your chosen mark is unique and not already in use. You can do this online through the official website of the Intellectual Property India.

Choose the Right Class: Trademarks are categorized into specific classes based on the goods or services they represent. Identify the appropriate class for your business to ensure accurate registration.

Application Filing: Submit your trademark application through the online portal provided by the Intellectual Property India. Pay the required fees and provide accurate information.

Examination: The trademark office will review your application to check for any conflicts or objections. If there are no issues, your mark will be published in the Trademarks Journal.

Opposition Period: Following publication, there is a 4-month window during which third parties can object to your trademark registration. If there are no objections or if any disputes are resolved, your trademark will move toward registration.

Registration: Once approved, you will receive a Trademark Registration Certificate, granting you exclusive rights to use the mark for ten years, renewable indefinitely.

Maintenance: Ensure you renew your trademark registration on time to maintain your legal protection.

Conclusion:

Trademark registration is a pivotal step for anyone doing business in Kolkata, a city renowned for its diverse commercial landscape. By registering your trademark, you not only safeguard your intellectual property but also boost your brand's credibility and market value.

While the process of trademark registration can be intricate, seeking professional guidance or legal assistance is advisable to ensure your brand is adequately protected in the vibrant streets of Kolkata. With a registered trademark, you can confidently navigate the business landscape and make your mark in this culturally rich and dynamic city.

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legalcorner · 2 years

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Accounts and Taxation Consultant in Kolkata - Legal Corner

Legal Corner is an online Accounts and Taxation Consultant in Kolkata that assists Families and Entrepreneurs with a variety of registrations, accounting and tax consultancy services, and government services. We are India's most popular startup platform for providing company registration, licensing, accounts & taxation consulting service, IPR Registration - Enforcement, and legal services.

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legal corner

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taxsalahkolkata · 3 years

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LLP Registration

LLP, also known as, Limited Liability Partnership, providing that liability of the partners are limited. In an LLP, a partner is not liable for another partner’s misconduct. The partners of the business are solely responsible for a small amount of debt acquired by it.

LLP is different from a private limited company or proprietorship. An LLP is comparatively easier to maintain and run. It follows the rule of uninterrupted existence, i.e., the absence of some partners and leaving partnership won’t affect the business. The business remains. As per the provisions of the Limited Liability Partnership Act 2008, LLP registration combines the partnership benefits with plus points of company. Hence, LLPs need to register themselves to enjoy the combined advantages.

FEATURES OF LLP:

• It has a separate legal entity just like companies. • The cost of forming LLP is low. • Fewer compliances and regulations. • There is no need of minimum capital contribution. The minimum number of partners required for incorporating an LLP is 2. There is no upper limit for the maximum number of partners of LLP corporations. Among the partners, there should be a minimum of two designated partners who should be individuals, and at least one of them should be resident in India. The rights and duties of designated partners are governed by the LLP agreement. They are directly responsible for the compliance of all the provisions of the LLP Act 2008 and provisions specified in the LLP agreement.

DOCUMENTS REQUIRED FOR LLP Registration:

Following documents are required for LLP Registration: • PAN Card of the Partners • No-Objection Certificate from the Landlord • Rental Agreement Copy between the LLP and the Landlord • Address Proof of the Partners • Utility Bill of the proposed Registered Office of the LLP

The PAN Card of the Partners and the Address Proof the Partners are required to start the LLP formation procedure. The documents referring to the Registered Office of the LLP can be submitted after obtaining name approval for the LLP from the Registrar of Companies.

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EMAIL: [email protected]

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startupregistration · 6 years

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How to register a company in west Bengal

The process of registering a company is same in all over India, only a little bit difference in stamp duty or goverenment fees. So if you are looking for company registration in west Bengal, then dont worry it can be possible from any where in india. The Registrar of companies of west bengal is in calcutta.

FinanceBazaar is providing services regarding business registration in all over India, so you can call them, to get any services for startup registrations like Gst Registration, One Person Private Limited Company, Society / Trust / Ngo Registration, Fcra Registration, Public Limited Company Registration in west Bengal, Ccoperative Society Registration, Limited Liability Partnership Registration, Copyright Registration, , Liaison Office Registration, Income Tax Exemption 80G & 12A, Pf Esi Registration, Iso Registration, GST Return, Producer Company Registration, Income Tax Return, Nbfc Registration, Digital Signature Certificate (DSC), Msme Registration Udyog Aadhaar, Partnership Firm Registration, Import Export Code (Iec), Patent Registration, Director KYC, Startup India Registration, Section 8 Foundation (Ngo), Trademark Registration, Foreign Company Indian Subsidiary, Fssai Food Registration, ROC Compliance, Commencement Of Business Certificate, GST HSN Lookup, Sole Proprietor Registration, Nidhi Loan Company Registration, etc.

The all services are available in West Bengal in affordable price. Doesn't matter where you are in West Bengal like Gopalpur, Durgapur, Naihati, North Dumdum, Howrah (city area), South Dumdum, Rajpur Sonarpur, Bardhaman, , Kulti, Madhyamgram, Panihati, Raiganj, Kolkata, Baharampur, Kamarhati, Asansol, Maheshtala, English Bazar, Hugli and Chinsurah, Barasat, Serampore, Bally, Uluberia, Kharagpur, Siliguri, Bidhan Nagar, Bhatpara, Baranagar.

#company registration in west bengal

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compregistrationconsultants · 3 years

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Ministry of Corporate Affairs: Supporting Entrepreneurship

With India being ranked 142th on Ease of Business Doing Index and 158th on Ease of Starting a Business, startups in India find it a tough task to outshine amongst the well-established corporate firms in India. However, the Ministry of Corporate Affairs have been bringing reformations in regulations over the decade. In addition to relaxations in the Companies Act of 2013, MCA further announced in June 2017 highlighting certain provisions in the act which would benefit not only the private companies but the startups as well.

The exemptions introduced in the Act would only benefit the Department for Promotion of Industries and Internal Trade, (DPIIT) recognized startups. Moreover in 2015, MCA exempted the corporate sector from obligations related to minimum paid up capital.

Entrepreneurship and its horizons

Entrepreneurship revolves around business development and management involving certain risks in order to gain profits. The Ministry of Corporate Affairs took up an intense drive in-

Government Process Re-designing (GPR) and dispatched the

Simplified Proforma for Incorporating Company Electronically (SPICe) e-Form,

on the event of Gandhi Jayanti, 2016. SPICe is a more flexible structure than INC-29 and influences on advanced innovation by disposing of the requirement for printed versions of genuinely marked archives being appended to an e-structure. SPICe is presently the sole, simplified and versatile structure accessible for incorporation of an organization in India.

The Ministry has likewise coordinated the MCA21 System with the CBDT for issue of PAN and First TAN to an organization utilizing the Simplified Proforma for Incorporating Company Electronically. Shareholders can successfully submit their applications for incorporation and PAN & TAN (allotted by Income Tax Department) altogether thus reducing the time and processes for blooming startups.

Within the MCA directive, stern decisions have been made to improve the legitimate system, work on techniques and accelerate dynamics for simplicity of working together to introduce a solid climate for venture and corporate development. Many efficient corporate dialogues and cognitive consultations have been accomplished by the Ministry of Corporate Affairs to replenish conventional business standards and ensure smooth facilitation of Companies Act, 2013. Statutory implementations to ‘remove difficulties’ have been acknowledged and appreciated in the corporate sector. Furthermore, Lok Sabha introduced encourage business friendly and growth inducing provisions as:

Bringing forth amendments for minimum capital with best foreign practices

Stern lawful processions against frauds or disagreement in set regulations for deposits identified during audits

With declaration in SPICe e-form replacing affidavit for various filings, documentation mandates for foreign nationals to be Director of Indian corporate firms has been deduced to a much greater extent.

The Ministry of Industries and Commerce have developed e-business portals for collective procession of DIN, Company Incorporation and Commencement of Business. Nominal fee is charged by authorities for small scale corporate firms. To direct the flow of Indian business towards international capital markets, IndAS i.e. new accounting standards have been implemented in accordance with IFRS (International Financial Reporting Standards).

Safeguarding Businesses

Serious Fraud Investigation Fraud (SFIO) has been quite operational to avoid corporate delinquency by taking legal course of actions against companies failing the compliance of Companies Act, 2013. Steps were taken to cause merger of NSEL Limited with its parent company Financial Technologies (India) Limited to guard the interest of investors in NSEL on account of its regulatory defaults and the failure of the holding company to exercise oversight, the first ever initiative. With respect to Investment Education Initiatives, 1380 programs were organized to educate and create awareness amongst small investors regarding highs and lows of investments.

Central Registration Centre (CRC), organized for flawless procession of incorporation of companies, works in 2 phases, former one including “application filing for accessing name through e-form INC-1 and later one being “incorporation of companies through e-form”.

Why CRC?

With reengineering in cycle and foundation of Central Registration Center which was established under section 396 of Companies Act, joining of an organization is finished in a single day. Sustaining of Directors Identification Number (DIN), Permanent Account Number (PAN) and the main Tax Deduction Account Number (TAN) are subsumed in the incorporation and there is no different interaction.

All incorporations with an approved capital of INR 15,00,000 are not charged by MCA vide notification G.S.R no.180(E) dated 06.03.2019 amending the Rule 38(2) of the Companies (Incorporation) Rules, 2014.

Rule 38A was added to Companies (Incorporation) Rules, 2014 to merge the functioning of MCA21 with registration of EPFO, ESIC, GST while filing for incorporation of the company in SPICe e-form.

For convenience in incorporation of Section 8 companies, MCA vide notification no. 411 (E) dated 07.06.2019 centralized licensing and incorporation via single form and that being SPICe.

Reforming the corporate framework

With earlier limits for paid up capitals and annual turnovers for small firms being INR 50 lakhs and INR 2 crore respectively, Finance minister renewed the mandates for small companies in Union Budget 2021 granting special provisions like exemption from statutory audits, non-requirement for cash flow statements, holding board meeting once in every 6 months ( in accordance to 90 days of gap between to consecutive board meetings), filing of Annual Returns through Form MTG-7A for the financial year 2020–21 onwards.

As per MCA, common seal under Companies Act, 2013 has been made optional since 29.05.2015. Accordingly, all Banks have been directed by the Indian Bank Association (IBA) to avoid asking for affixation of either common seal on the application form for opening of Bank Accounts by companies. With almost all of the government and corporate sector services made available online, MCA facilitated:

Deployment of common form for registration under labor related laws for EPFO and ESIC on the ‘Shram Suvidha portal’

Final registration for Delhi VAT and Maharashtra VAT within a day through online mode

One single Registration Application Form for all the Acts administered by Maharashtra Sales Tax Dept. (MSTD)

Registration of Delhi Shops and Establishment Act, 1954 and Maharashtra Shops and Establishment Act, 1948 fully online

Central Registration Center for name availability and incorporation expanded the horizons for big corporate firms as well as small companies to go through filing procedures witnessing lesser complications.

The time period for processing incorporation applications under CRC saw a drastic decline from 5–15 working days in June, 2004 to 0.6 working days in March, 2017.

Companies could be allotted with their name availability applications within 0.4 working days in 2017. 90% of applications are being authorized in a day.

Increasing the transparency for shareholders, Ministry vide notice no. GSR 309(E) dated 30.03.2017 has recommended w.r.t related party transactions, where the consideration is equivalent to over 10% assets of the organization, the equivalent will be approved by the members of the organization. This has expanded the investor rights with respect to casting a ballot and exposure of a connected gathering exchange.

National Company Law Tribunal Rules substituted Company Law Board (CLB) in June, 2016. NCLT is initially located at ten places across India, equipped with requisite infrastructure and support staff, including Delhi, Mumbai, Kolkata, Hyderabad and Chennai.

NCLT is foreseen to be a more authoritative platform for adjudication of disputes on corporate law matters through disposal of such cases in a time bound and speedy manner.

CONCLUSION

The Ministry of Corporate Affairs (MCA) has transformed the dynamics of private companies and provided the corporate sector with an entire range of budding opportunities and privileges for rising entrepreneurs mostly with e-governance initiatives.

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#ministry of corporate affairs #MCA #startupindiaregistration #startupindia #startups #startupsIndia #startupindiastandupindia #incorporation #legalservices #legalconsultancyinindia #legalconsultants #bestlegalconsultants #bestlegalconsultancy #pvtcompanyregistration #LLP #companyregistration #companies act 2013 #onlinecompanyregistration

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jass22 · 3 months

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Get Your Business Registered with Sujata Associates - Your Trusted Partner in Kolkata!

Kickstart Your Business Journey with Sujata Associates! 🚀

Are you looking to establish a new business in Kolkata? Whether it's a Private Limited Company, a Nidhi Company, or a Section 8 Company, Sujata Associates is here to make your registration process seamless and stress-free!

🌟 Why Choose Sujata Associates?

At Sujata Associates, we pride ourselves on being the leading experts in business registration services in Kolkata. Our team of experienced professionals is dedicated to providing comprehensive support for all your business needs, ensuring you can focus on what you do best - growing your business!

📜 Our Key Services Include:

Private Limited Company Registration in Kolkata: Establish your Private Limited Company with ease. Our experts will guide you through the entire process, from documentation to final approval, ensuring a hassle-free experience.

Nidhi Company Registration in Kolkata: Looking to start a Nidhi Company? We provide end-to-end services to help you get your Nidhi Company registered efficiently and in compliance with all legal requirements.

Section 8 Company Registration in Kolkata: If you are planning to start a non-profit organization, our team will assist you in obtaining Section 8 Company registration. We ensure that all legal formalities are completed accurately and swiftly.

Startup India Registration Kolkata: Get recognized as a startup under the Startup India initiative. We assist you in navigating through the registration process, helping you avail all the benefits and incentives offered by the government.

🔍 Why Register with Us?

Expert Guidance: Our team of experts ensures that all your queries are answered and all procedures are followed accurately.

Affordable Services: We offer competitive pricing without compromising on the quality of our services.

Timely Delivery: We understand the value of your time. Our services are designed to deliver results promptly.

📞 Get in Touch!

Ready to get started? Contact Sujata Associates today and take the first step towards building your dream business in Kolkata.

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jovencydotcom · 3 years

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Content & E-Commerce Management Internship in Kolkata at Yash Raj Marketing - https://www.jovency.com/?p=19163&utm_source=SocialAutoPoster&utm_medium=Social&utm_campaign=Tumblr Jovency Job title: Content & E-Commerce Management Internship in Kolkata at Yash Raj Marketing Company: Yash Raj Marketing Job description: About Yash Raj Marketing Yash Raj Marketing is a manufacturer and wholesaler of eco-friendly and sustainable bags and accessories. For 10 years, the company has been supplying bags to multiple retails chains and stores across India and has been constantly looking forward to growing and expanding. About the internship Selected intern’s day-to-day responsibilities include: 1. Activating and setting up accounts on various e-commerce platforms like Amazon, Flipkart, etc. 2. Creating product catalog, product descriptions, and other content 3. Processing orders from all the platforms 4. Working on regular management and updating all e-commerce accounts Skill(s) required English Proficiency (Written) Learn these skills on Internshala Trainings Who can apply Only those candidates can apply who: 1. are available for full time (in-office) internship 2. can start the internship between 17th Mar’21 and 21st Apr’21 3. are available for duration of 3 months 4. are from Kolkata 5. have relevant skills and interests Perks Certificate Informal dress code Additional Information Note: As it’s a startup, learning opportunities will be quite high and it might turn into a full-time role based on the performance. Number of openings 1 Additional Questions × Close Save yourself from fraud! If an employer asks you to pay any security deposit, registration fee, laptop fee, etc., do not pay and immediately. Remember, Internshala doesn’t charge a fee from the students to apply to a job or an internship & we don’t allow other companies to do so either. Expected salary: Rs.5000 per month Location: Kolkata, West Bengal Job date: Fri, 19 Mar 2021 06:24:11 GMT Apply for the job now!

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abservetech · 4 years

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How to start a business with an app like zomato

INTRODUCTION ABOUT ZOMATO:

An app like Zomato, Zomato is an online food delivery company, where a customer can order food from a listed partner restaurant and then receive it in your doorsteps. Zomato provides food menus, customer ratings, and reviews about the partner restaurant, and food delivery to the corresponding customer. Zomato is also entering the online grocery delivery business. Zomato is available in all the major cities in India like Delhi, Mumbai, Bangalore, Chennai, Pune, and Kolkata. Right now, Zomato is available in more than 50+ cities around the world.

WHAT IS ZOMATO CLONE?

Zomato clone is a script/software targeted to provide all the features and services provided by Zomato to an entrepreneur or startup company looking to start an online food ordering business like Zomato. In short, it is a software which helps entrepreneurs to start a business.

BUSINESS MODEL OF ZOMATO CLONE:

Generally, an app like the Zomato clone script consists of three major players like Admin, Customer, and Partner restaurant. And also a minor stakeholder delivery boy. An online food ordering script works on both the mobile and website platform. A customer can order them from their favorite restaurant available on the platform.

After the successful ordering of food, a notification message reaches the nearest delivery boy and the corresponding partner restaurant. Both the delivery boy and partner restaurant have the option to approve or disapprove the order request. If the restaurant and delivery boy accept the order, the delivery boy visits the restaurant, picks up the food, and gives it to the corresponding customer.

FEATURES OF ZOMATO CLONE:

A standard Zomato clone has the following options available in the script. Some of the options are listed below,

Register/Login options help the customer, partner restaurant, and delivery boy to signup with the Zomato clone product. On the registration process, every user has to submit the required documents to the admin.

ADVANCED FILTER OPTION:

Every online food ordering script/software must have an advanced filter option. It helps the customer to search for a specific partner restaurant based on city, ratings, reviews, offer, etc. This option is also available in both partner restaurants and admin.

PAYMENT GATEWAY:

It is one of the important options for an online food delivery script. All the transactions will take place only by using the payment gateway enabled. In our Zomato Clone, we have PayPal and Stripe and also we can add one according to client expectations.

REAL-TIME TRACKING:

This option tracks the live location of the corresponding delivery boy and displays it to the user using Google maps. It helps the customer to identify the location of the delivery boy.

RATINGS/REVIEWS:

It is one option that every online food ordering script must-have. It allows the customer to provide ratings and reviews for both the delivery boy and the partner restaurant.

If are willing to start a business like zomato, you can use our FoodStar, RebuEats products to do it.

Contact Information:

Skype ID: Abservetech

WhatsApp Number: +91 98425 67828

Email ID: [email protected]

youtube

#Zomato Clone #Zomato Clone Script #Food Ordering Script #Food Delivery Script #FoodStar

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bananaipindia · 5 years

Text

Fitbit and Garmin to be investigated for alleged patent violation, Tata’s patent application on water purifier rejected and more patent news

New Post has been published on https://www.bananaip.com/ip-news-center/fitbit-and-garmin-to-be-investigated-for-alleged-patent-violation-tatas-patent-application-on-water-purifier-rejected-and-more-patent-news/

Fitbit and Garmin to be investigated for alleged patent violation, Tata’s patent application on water purifier rejected and more patent news

In this week’s Patent News – Indian Patent Office invites Applications for National IP Awards 2020; RGNIIPM concludes Training Program of 181 newly recruited Examiners of Patents and Designs; Hindustan Unilever scores a victory in water wars with Tata; Volterra LLC files patent infringement suit against Monolithic Power Systems; Sonos files lawsuit against Google Inc. for patent infringement; Illumina files patent infringement suit against BGI in Sweden and U.K; Alibaba tightens anti-counterfeiting and IPR protection; CNIPA publishes revised Patent Examiners Guidelines; European Commission publishes report on Protection and Enforcement of IPR in third countries; EPO and other representatives hold meeting to implement Unitary Patent package; USITC launches investigation against Fitbit and Garmin for suspected patent violation.

India Patent News

Indian Patent Office invites Applications for National IP Awards 2020

The Office of the Controller General of Patents, Designs and Trademarks has invited the submission of Applications for its annual National IP Awards ceremony to be held later this year. The awards will be presented to top achievers comprising of individual persons, institutions, organizations and enterprises for their contributions in the field of Patents, Designs, Trademarks and Geographical Indications, Startups, MSME’s and Enforcement of IPR’s. In addition to this, three WIPO Awards will be presented by the Organization under the WIPO Awards Program, on the same day. The National IP Awards ceremony will be held in New Delhi, on the occasion of World IP Day, on 26th April 2020.

The ten categories under which the awards shall be presented include:

1. Top Individual for Patents & Commercialization

2. Top Indian Academic institution for Patents & Commercialization

3. Top R & D institution/organisation for Patents & Commercialization

4. Top Public Limited Company / Private Limited Company for Patents & Commercialization in India

5. Top Indian Private Company (MSME) for Patents & Commercialization

6. Top Start-up for IP and Commercialization

7. Top Indian Company /Organization for Designs

8. Top Indian Company for creating Brand in India and abroad

9. Top Individual / organization for Best facilitation of Registration of GI and Promotion of Registered GI in India

10. Best Police Unit (District / zone in a commissionarate) for enforcement of IP in the Country

The last date for submission of the applications is 7th February 2020. For more information, you may click here to access the official notification.

RGNIIPM concludes Training Program of 181 newly recruited Examiners of Patents and Designs

The Rajiv Gandhi National Institute of Intellectual Property Management (RGNIIPM) recently concluded the training program for 181 newly recruited Examiners of Patents and Designs, at Nagpur. The six-month training program was exclusively held for Group ‘A’ officers who are now expected to begin discharging their respective duties as Examiners in the Indian Patent Offices located in Delhi, Mumbai, Chennai and Kolkata. Mr. Hoshiar Singh, ITS, Registrar of Copyright & Head, Indian Patent Office Delhi attended the Valedictory program as the Chief Guest. Dr. Pankaj Borkar, Head of RGNIIPM, delivered the welcome address and also congratulated all the Trainee Examiners on completing the program.

Patent Disputes/ Infringements/ Settlements/ Licensing

Hindustan Unilever scores a victory in water wars with Tata

It appears that Hindustan Unilever had a great start to the New Year after the Indian Patent Office, on January 2nd 2020, rejected a patent application filed by the Tata group relating to water purifying technology. The patent application numbered 1572/MUM/2008 and titled “A Water Purifier” was jointly filed by TATA CHEMICALS LTD. and TATA CONSULTANCY SERVICES LTD. in 2008 and was opposed by HUL way back in 2011. After hearing both the parties in the matter, the Controller in his decision of 2nd January held that the Claims laid down in the specification lacked inventive step and the invention was obvious to a person skilled in the art.

In 2012, Tata Chemicals was successful at the Intellectual Property Appellate Board (IPAB) in revoking one of HUL’s patents related to water purifiers and purification technology.

Volterra LLC files patent infringement suit against Monolithic Power Systems

Volterra Semiconductor LLC, a subsidiary of Maxim Integrated Products, Inc. has instituted a lawsuit against Monolithic Power Systems in the U.S. District Court for the District of Delaware. According to suit, the MPS DC-to-DC Power Converter products of Monolithic infringe three of Volterra’s patents, namely – U.S.6,362,986, U.S 7,525,408 and U.S 7,772,955. The company is seeking damages and has also requested the court to grant an injunction.

Sonos files lawsuit against Google Inc. for patent infringement

Audio speaker manufacturer, Sonos has instituted a suit in the United States District Court, District of California, against Google Inc. for alleged patent infringement. According to Sonos, Google has infringed about one hundred patents however the company has only instituted a lawsuit concerning five of its patents. The suit was instituted by Sonos on 7th January 2020. The company has asked for a trial by jury and is seeking damages as well as an injunction. According to Reports, the company also intends to sue Amazon for infringement, however, the company could only afford to institute a lawsuit against only one tech giant due to economic concerns.

Illumina files patent infringement suit against BGI in Sweden and U.K

Illumina Inc., an American company engaged in offering sequencing and array-based solutions of genetic variation in the fields of cancer research and agriculture, has instituted a suit for patent infringement against MGI Tech Co. Ltd., and Latvia MGI Tech SIA, a subsidiary of BGI Group. Illumina has instituted the lawsuit in two jurisdictions, namely, Sweden and U.K. In the U.K, the suit has been filed in the High Court of Justice, Chancery Division, Patents Court and in Sweden, the company has instituted the suit in the Patent and Market Court. The four patents at issue, i.e., EP 1 530 578 B1, EP 1 828 412 B2, EP 2 021 415 B1, and EP 3 002 289 B1, protect Illumina’s proprietary sequencing-by-synthesis chemistry. Similar lawsuits are pending in Demark, Turkey, U.S.A, Germany and Switzerland.

International Patent News

Alibaba tightens anti-counterfeiting and IPR protection

According to a recent Anti-Counterfeiting Report released by Alibaba, China’s e-commerce giant, the company has been making efforts to tighten its anti-counterfeiting and IPR protection. Alibaba has reportedly developed over 10 anti-counterfeiting technology like sampling and fake product screening models to combat the problem. The Report says that in 2017, Alibaba established an Anti-Counterfeiting Alliance, currently, a total of 170 brands from over 17 different countries have joined the alliance.

The Anti-Counterfeiting Report is published by the company every year and this is the company’s 5th Report.

CNIPA publishes revised Patent Examiners Guidelines

The China National Intellectual Property Administration (CNIPA), formerly known as State Intellectual Property Office (SIPO), recently published the revised Patent Examiners Guidelines. The Guidelines will come into effect from 1st February 2020. The Guidelines throw light on emerging areas like Blockchain, Big Data, AI and Internet +. The method of application, analysis of claims and content are available in Chinese language only. According to the analysis of the Guidelines by the European Patent Office (EPO), the rules characterize the exact opposite of what is currently followed in the U.S.A.

European Commission publishes report on Protection and Enforcement of IPR in third countries

As a part of the efforts of the European Commission to strengthen the protection and enforcement of IPR in third countries, the European Commission has published a Report on Protection and Enforcement of IPR in third countries. The Report, which is published biennially, was published on 8th January 2020, this year.The objective of the Report is to essentially identify third countries in which the state of IPR protection and enforcement is expected to generate a high level of economic harm to EU interests. The Report also consists of an updated list of “priority countries” that have been recognized as a cause of concern. According to the latest Report, the list of priority countries are as follows –

Priority 1: China Priority 2: India, Indonesia, Russia, Turkey and Ukraine Priority 3: Argentina, Brazil, Ecuador, Malaysia, Nigeria, Saudi Arabia and Thailand

While China continues to maintain its position as Priority 1 country, Nigeria and Saudi Arabia are this year’s new entrants as Priority 3 countries. Additionally, the Report places India as a Priority 2 country due to systematic problems in the area of IP protection and enforcement. The Report also says that Priority 2 Countries have made no progress or only limited progress in addressing issues especially relating to enforcement when compared to the previous report.

You may click here to access the Report

Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_12

EPO and other representatives hold meeting to implement Unitary Patent package

The President of the European Patent Office (EPO), António Campinos, the Chair and members of the executive group of the Unified Patent Court (UPC) Preparatory Committee and the Chair of the Unitary Patent Select Committee met on 10th January 2020 to make preparations for the implementation of the Unitary Patent package. The meeting was held after a complaint was lodged with the German Federal Constitutional Court by an individual against German ratification of the UPC Agreement where the Judge had indicated that Court would render its decision in the first quarter of 2020. According the official notification on the EPO website, the EPO is prepared to register its first Unitary Patent. The notification also adds that until the Phase of Provisional Applications begins, some essential steps cannot be taken to establish the UPC.

A Unitary Patent is a patent granted by the EPO for which a unitary effect can be obtained from the EPO for the territory of the participating EU Member States. The UPC will be an international court with jurisdiction for patents granted by the EPO.

Source: https://www.epo.org/news-issues/news/2020/20200110.html

USITC launches investigation against Fitbit and Garmin for suspected patent violation

The U.S International Trade Commission (USITC) has announced that the Commission is in the process of launching an investigation into wearable monitoring device manufacturers, Fitbit and Garmin after being prompted by Philips. The complaint was filed by Philips on 10th December 2019 with the USITC. In the complaint, the company has asserted the infringement of four patents – U.S. Patent No. 7,845,228; U.S. Patent No. 9,820,698; U.S. Patent No. 9,717,464; and U.S. Patent No. 9,961,186. Philips had asked the agency to conduct an investigation and issue a limited exclusion order as well as cease and desist orders.

You may click here to access the as-filed complaint.

Compiled by Vibha Amarnath

About BIP’s Patent Attorneys

The patent news bulletin is brought to you by the patent division of BananaIP Counsels, a top patent and IP firm in India. Led by Senior Partners, Somashekar Ramakrishna, Nitin Nair and Vinita Radhakrishnan, BIP’s Patent Attorneys are among the leading patent practitioners in the country. They work with clients such as Mahindra and Mahindra, Samsung, HCL, Eureka Forbes, to name a few. The patent attorneys at BIP have strong technical and legal expertise in areas such as IT/Software, Artificial Intelligence (AI), Machine Learning, Data Analytics, Electronics and Telecommunication, Mechanical, Automotive, Green Energy, Traditional Medicine and Bio/Pharma domains. The firm is a first choice for clients looking for support in patent filing, prosecution, management and strategy in India, and across the world.

This weekly patent news bulletin is a part of their pro bono work, and is aimed at spreading patent awareness. You are free to share the news with appropriate attribution and backlink to the source.

If you have any questions, or need any clarifications, please feel free to write to [email protected]

Disclaimer: Kindly note that the news bulletin has been put together from different sources, primary and secondary, and BananaIP’s reporters may not have verified all the news published in the bulletin. You may write to [email protected] for corrections and take down.

#Alibaba #CNIPA #Fitbit #Garmin #patent infringement #Pureit #Tata Swach #Unitary Patents #water purifier

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juudgeblog · 6 years

Text

Possible Business Structures for Startups every Entrepreneur should know

In this article, Ratnamala Hegde pursuing Diploma in Entrepreneurship Administration and Business Laws from NUJS, Kolkata discusses business structures that an entrepreneur should know before starting his own startup.

Introduction

The Prime Minister of India, Shri Narendra Modi had launched Start-up India Action Plan on 16th January 2016. It is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and start-ups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower start-ups to grow through innovation and design.

As per the latest news in the media, India is the third biggest country for the technology-driven startups after US and UK in terms of the Assocham report. Bengaluru is the home for 26% of domestic tech start-ups, followed by Delhi (23%) and Mumbai (17%).

There are many entrepreneurs who have various business ideas. But they are not sure about the legal structure which they need to select for their business. Following are some typical questions that need to be answered before choosing an appropriate business structure for a startup. They are:

What is the business?

How many are involved in the business?

How many will be involved in the business on a full-time basis?

If anybody is still working in any company, whether employment agreement allows for doing any business?

What will be the revenue generation period?

What is the funding requirement of the business and how it will be done?

Will the business require any outside funding from VC/PE/Angel investment etc. in near future?

Based on the above information, analysing pros and cons of each structure, one should decide which will be the best suited legal structure for their startup.

Alternate Forms of Business Structure

There are various forms of business structures available in India. Broadly they can be classified into the following:

Sole Proprietorship

One Person Company

Partnership

Limited Liability Partnership

Private / Public Limited Company

Each kind of structure has its own merits and demerits. To choose a suitable business structure finally depends on the type and need of the business.

Sole Proprietorship Concern

This is the oldest and most common form of business structure. A single person owns, manages and controls the entire business. There is no separate legal entity here. All the profit belongs to the sole proprietor. Similarly, entire losses shall be borne by him. Liability of the owner is unlimited in this form of business.

This form of structure is suitable for the business which is simple in nature, where there is less risk, low capital requirement, which needs more personal attention, the market is limited and localised. Example Kirana shops, small home-based ventures. This is also suitable for the business which involves manual skills such as handicrafts, tailoring, jewellery making etc.

Legal compliances

Opening of bank account

Permanent Account Number (PAN) of the proprietor. No separate PAN required for the business. PAN of the owner is treated as PAN of the business.

Registration under Shops and Commercial Establishment Act

Professional Tax registration

Various other government registrations like Service Tax, Value Added Tax (VAT), Excise, Importer Exporter Code (IEC) etc. to be obtained on need basis.

Trademark Registration, if required.

Following are the merits and de-merits of Sole Proprietorship structure:

Merits

Demerits

Simple form of structure, starting up easy Unlimited liability Freedom to take decisions Limited financial resources, difficult to raise outside capital Tax advantage Single talent Less legal compliance Limited life, no perpetual succession– enterprise dies with its proprietor High secrecy Easy dissolution Cost-effective Control over finances

One Person Company (OPC)

This is a new form of business structure introduced in India through the Companies Act, 2013. Earlier, whenever a person wanted to start a private limited company, he had to look for a co-founder just for the sake of compliance. With the OPC structure, this problem has been resolved. Following are the key features of OPC structure:

No. of Members There should be Only ONE member in any OPC at any point of time. No. of Directors OPC shall have minimum 1 director. Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors. Threshold Paid-up capital of an OPC shall be less than Rs.50 lakhs, and turnover shall be less than Rs.2 Crore. If anyone exceeds, OPC shall convert itself either into Private Limited Company / Public Limited Company within 6 months. Eligibility Only natural person who is an Indian citizen & resident can incorporate an OPC. For the purpose of this provision, the term “Resident in India” means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one calendar year. Status OPC shall be incorporated as Private Limited Company. Nominee Appointment of a nominee is a must for an OPC who shall be an Indian citizen & resident. No. of OPCs A person can’t incorporate more than one OPC and become the nominee in more than one OPC. Voluntary conversion Voluntary conversion is possible only after 2 years of incorporation. Restriction OPC cannot carry on NBFC activities including investment in securities of any body corporate. Compliances

2 Board Meetings are mandatory in a year (for OPC which has more than 1 director) and a gap between 2 meetings shall not be less than 90 days.

The holding of AGM is not required due to a single shareholder. Accordingly provisions w.r.t. shareholders meeting, the method of voting, the appointment of a proxy, the appointment of chairman etc. are not applicable.

Financial Statements shall be audited

Duly signed Annual Return and Financials Statements shall be filed with Registrar of Companies (ROC).

Though the OPC has many advantages in relation to compliances under the Companies Act, 2013, it has the following disadvantages as well:

Investment – Fund Raising through equity issue is not possible since an OPC should have only one member. If an OPC requires any investment from outside party, it has to convert itself into either Private Limited Company or Public Limited Company. Unless it reaches the prescribed threshold limit, voluntary conversion before 2 years from the incorporation date is also not possible.

ESOP – Many companies attract good talent by offering equity shares through Employee Stock Option Plans (ESOP). It is an effective way of incentivising the employees. Since an OPC cannot have more than one member, it is not possible to issue shares through ESOP.

Tax Liability – An OPC does not have any tax advantage. It is taxed in the same way as any other companies. There is both Income Tax and Dividend Distribution Tax for OPC.

Partnership Firm

The partnership is governed by the Partnership Act, 1932. A partnership is defined as a relation between two or more persons who have agreed to share the profits of a business carried on by them or any of them acting for all. Two or more persons can form a Partnership subject to a maximum of 20 partners. There is no separate legal entity here. The owners of a partnership business are individually known as partners and collectively as a firm. Partnership Deed (verbal or written) will be entered into between the partners which detail the terms and conditions of the Partnership, including partners’ contribution, profit and loss sharing ratio etc. Registration of partnership is optional. However, registration gives legal protection to partners.

This model is suitable for the business like retail trading, professional services, small manufacturing units etc.

A partnership has the following merits and demerits:

Merits

Demerits

Easy to form – minimum 2 partners and maximum 10 in case of banking business and 20 in case of others Unlimited liability More capital contribution compare to sole proprietorship since the number of partners are more Conflict of interest as the ownership & management are same Tax advantage – the tax on firm and there is no tax for partners on profit sharing Third party funding is difficult Less compliance No perpetual succession Combined talent of all the partners are pooled together Possibility of misuse of funds Partners can get salary, drawings and share in profit No transparency Easy dissolution Lack of co-operation and understanding Confidentiality Delay in decision compared to sole proprietorship business Flexibility of operations Difficulty in the transfer of interest Effective supervision Lack of public confidence

Limited Liability Partnership (LLP)

Limited Liability Partnership is one more form of business structure governed by Limited Liability Partnership Act, 2008 and respective Rules. It is a hybrid of partnership and company, which has a separate legal entity. It has the operational flexibility of a partnership with limited liability. The liability of each partner in an LLP is limited to the extent of his/her investment in the firm. Compliance requirement is higher for an LLP as compared to a partnership but lesser than the limited company.

This structure has become quite popular for SMEs, professional services etc.

Like all other forms of business, LLP also has its own merits and demerits:

Merits

Demerits

Limited liability Penalty for non-filing is huge – Rs.100 per day of default No maximum limit for partners Less transparency Perpetual succession No shares, only capital contribution Less compliance vis-a-vis company Not attractive for angel / VC funding

Bank funding

FDI is allowed under automatic route as per recent change Scaling up of business is difficult LLP can sue & be sued in its name Direct conversion to Private Limited Company not possible at present Individual immunity is available (except fraud) Dissolution of LLP is time-consuming Better governance structure vis-à-vis partnership Audit is required only if turnover exceeds Rs.40 lac/capital contribution exceeds Rs.25 Lacs Tax benefit as a partnership firm

Private / Public Limited Company

It is the most popular form of business structure in India. It is governed by the Companies Act, 2013 with various Rules made thereunder. It is a separate legal entity having perpetual succession. The minimum number of members is 2 and maximum is 200 in case of Private Limited Company. For Public Limited Company, the minimum is 7 and there is no maximum limit. Shares of Public Limited Company are freely transferable whereas it is not so in a Private Limited Company. It is a highly regulated form of business structure and more transparent as there is a requirement of compliance and disclosures in various stages. It is a form of structure which is most preferred by all the investors.

Company form of structure also has its own merits and demerits:

Merits

Demerits

Limited liability Raising capital is more procedural Stable & mature form of entity option Cannot take a loan from everyone Highly regulated, more compliance, better governance structure – more disclosures Shares are not freely transferable in case of Private Limited Company Scaling up is easy Increased penalty for non-compliances Attractive for investment & talent – FDI norms are easy Not tax efficient – income tax, DDT etc. Enforcement of rights & other legal aspects are well settled Too many disclosures Valuation is easy in case of Merger & acquisition Conversion to LLP is not easy No minimum capital requirement as per latest change Dissolution time consuming

Conclusion

After analysing the pros and cons of each form of business structure as mentioned above, an entrepreneur can decide the structure which is most suitable for his/her start-up.

The post Possible Business Structures for Startups every Entrepreneur should know appeared first on iPleaders.

Possible Business Structures for Startups every Entrepreneur should know syndicated from https://namechangersmumbai.wordpress.com/

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loyallogic · 6 years

Text

Possible Business Structures for Startups every Entrepreneur should know

Introduction

What is the business?

How many are involved in the business?

How many will be involved in the business on a full-time basis?

If anybody is still working in any company, whether employment agreement allows for doing any business?

What will be the revenue generation period?

What is the funding requirement of the business and how it will be done?

Will the business require any outside funding from VC/PE/Angel investment etc. in near future?

Based on the above information, analysing pros and cons of each structure, one should decide which will be the best suited legal structure for their startup.

Alternate Forms of Business Structure

There are various forms of business structures available in India. Broadly they can be classified into the following:

Sole Proprietorship

One Person Company

Partnership

Limited Liability Partnership

Private / Public Limited Company

Each kind of structure has its own merits and demerits. To choose a suitable business structure finally depends on the type and need of the business.

Sole Proprietorship Concern

Legal compliances

Opening of bank account

Permanent Account Number (PAN) of the proprietor. No separate PAN required for the business. PAN of the owner is treated as PAN of the business.

Registration under Shops and Commercial Establishment Act

Professional Tax registration

Various other government registrations like Service Tax, Value Added Tax (VAT), Excise, Importer Exporter Code (IEC) etc. to be obtained on need basis.

Trademark Registration, if required.

Following are the merits and de-merits of Sole Proprietorship structure:

Merits

Demerits

One Person Company (OPC)

2 Board Meetings are mandatory in a year (for OPC which has more than 1 director) and a gap between 2 meetings shall not be less than 90 days.

Financial Statements shall be audited

Duly signed Annual Return and Financials Statements shall be filed with Registrar of Companies (ROC).

Though the OPC has many advantages in relation to compliances under the Companies Act, 2013, it has the following disadvantages as well:

Tax Liability – An OPC does not have any tax advantage. It is taxed in the same way as any other companies. There is both Income Tax and Dividend Distribution Tax for OPC.

Partnership Firm

This model is suitable for the business like retail trading, professional services, small manufacturing units etc.

A partnership has the following merits and demerits:

Merits

Demerits

Limited Liability Partnership (LLP)

This structure has become quite popular for SMEs, professional services etc.

Like all other forms of business, LLP also has its own merits and demerits:

Merits

Demerits

Bank funding

Private / Public Limited Company

Company form of structure also has its own merits and demerits:

Merits

Demerits

Conclusion

After analysing the pros and cons of each form of business structure as mentioned above, an entrepreneur can decide the structure which is most suitable for his/her start-up.

The post Possible Business Structures for Startups every Entrepreneur should know appeared first on iPleaders.

Possible Business Structures for Startups every Entrepreneur should know published first on https://namechangers.tumblr.com/

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at8acounting · 4 years

Text

IEC Registration

TRADE LICENSE Registration Or IEC Code Registration

A trade license is a document/certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the holder to any other trade or business than for it is issued. The trade license is an instrument that helps a regulating authority in ensuring that the mode and locality in which the business is being operated is in accordance with the relevant rules, regulations, standards and safety guidelines prescribed by the government of the respective state.

The provision of trade license is separately laid down by the respective State government to track and monitor the trade within a city. It is granted by the municipal corporation of the state where business is located.

DIFFERENT CATEGORIES OF TRADE LICENSE

a. Industries license: small, medium and large scale manufacturing factories

b. Shop license: Dangerous and Offensive trades like a sale of firewood, cracker manufacturer, candle manufacturer, barber shop, dhobi shop etc.

c. Food establishment license: Restaurants, hotels, food stall, canteen, the sale of meat & vegetables, bakeries etc.

DOCUMENTS REQUIRED FOR MCD TRADE LICENSE

Pan Card of the establishment in case of company, LLP or Firm

Canceled Cheque and bank statement of the establishment

Certificate of Incorporation, MOA, and AOA of the company or LLP/ Partnership Agreement as the case may be

Premises Proof of the establishment in the form of Sale Deed, Electricity Bill/water bill and NOC from an owner.

Colour Photograph, Pan card and ID Proof and Address Proof of all Directors/ Partners

Front-Face Photograph of the establishment with Display of goods traded from the premises

Site/Key Plan Showing the area under the occupation of the applicant earmarking the neighborhood of the site.

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0 notes

startupregistration · 5 years

Link

Business Registration in West Bengal

Are you intrested in Company Registration in West Bengal, and then this is the right location for you. There are so many different nature of business entity, which you can form in West Bengal, like Producer Company, Private Limited Company, NGO, Proprietorship Firm, Public Limited Company, Limited Liability Partnership Company, Partnership Company, Section 8 Foundation, Nidhi Company, OPC Pvt Ltd Company, etc. West Bengal is one of the fastly rising State of West Bengal and there are so many clients in West Bengal who has enrolled Firm via FinanceBazaar.com. This time FinanceBazaar is the one of the Best Business registration service provider in West Bengal, you can also view Finance Bazaar reviews on Google. As you know West Bengal is one of the rapidly increasing state in India where you can do your business highly successfully. Firm establishment in West Bengal is not an easy step for every one, because there are various processes that you must required to follow and there are so many legal paper work that you have to fulfill for entirely Firm formation. But you have no need to worry concerning anything, because financebazaar.com is doing online Firm establishment service in West Bengal which client do not need to do anything. client have to submit just documents and Government Fees and Our Chartered Accountant will take care of all. Basically Firm registration formalities takes 7 to 10 working days that every thing depends on your coordination.

On this website you will get Every clarification regarding How to Register Firm in West Bengal

What FBAZAAR will provide

PAN and TAN

MOA and AOA

Digital Signature Certificate (DSC) For All Directors

Certificate of Firm incorporation

Share Certificates

GST Number (If required)

Following details required for Company registration in West Bengal

Company Name: - The Firm name that you required to form will be provided by your side, but there are a lots of conditions for choosing the Business name. You can not use common words and those words that are previously incorporated or trademarked can't be desirable. FBAZAAR Best CA will advise you even in choosing Company name.

Authorized Capital: - Minimum 1 Lakh Authorized amount is mandatory for Firm establishment in West Bengal . You can spread it as per your need. But if you will enlarge authorized capital, more than 10 Lakh, then registration costs will even extend.

Paid-up Capital: - You can open your Business from One Rupee paid-up money in West Bengal and you can extend it as you require, but you should be aware the paid-up money amount forever lower than the Authorized capital.

Number of Directors: - At Least two directors compulsory for Private Limited Firm and only single director for OPC Firm. In Pvt Ltd Firm you can enlarge the number of directors till 15.

Business Activity: - This is an important area of your Company, your business activity will determine the business class in which your Firm name will be incorporated and it will as well quoted in MOA and AOA.

Office address: - The office address where you required to form your Company.

Every Single Directors email id and phone number: - Each director mail address and phone number compulsory for Digital Signature and DIN.

Need Documents for Company incorporation in West Bengal

These are some following papers that you need to submit for Company enrollment in West Bengal:

Aadhar Card/Voter Card/Driving License/Passport of Every Directors

Pan Card of Every Directors

One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof

Updated Bank Statement of Each and Every directors/Any Updated bill for address proof of Every Single directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.

Photographs of All directors.

For GST Registration Rent Agreement Between company name and owner of the property where company has registered.

Fees for Firm establishment in West Bengal

Company Registration Charges in West Bengal is roughly Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can vary as per your demand. If we discuss about price structure, then in the initial phase 1000 rupees goes to the Government for Company name application and you have two possibilities for your Business name confirmation, if your Business name is unmatched, then it can be permitted in first attempt. If two times your Business name has disavowed, then you need to pay 1000 rupees again to the Gov for re-submit another one name request. After Firm name confirmation you must have to pay Gov registration duties that can be different as per your Authorized capital or state rules. Every states have personal rules including West Bengal concerning registration duty for Firm incorporation. If you required two directors in your Firm, then estimated 500 Rupees Every Single director Fees for Digital Signature Certificate Token, if directors will increase, then the Digital Signature Fees will also increase consequently. PAN & TAN Charges also collect by Government that will not be vary. And last one our professional fees includes for doing and preparation all documents, paper burden and other procedures.

FinanceBazaar provides Such services in West Bengal

Private Limited Compliance

Income Tax Return Filing

DIN Activation

LLP Annual Compliance Service

Society Registration

MSME Udyog Aadhaar Registration

Director KYC Verification

Public Limited Company Compliances

Nidhi Company Compliances

Close or Winding Up Of a Company

Producer Company Compliances

Company Registration

Trademark Registration

Startup India Registration

One Person Company Compliances

Change Company Name

Section 8 Foundation Registration

12A 80G Registration

Commencement of Business Certificate

Chartered Accountant Consultation

Import Export Code | IEC Certification

Change Company Address or Registered Office

Trust Registration

Digital Signature Certificate

LLP Registration

FCRA Registration

GST Return Filing

Nidhi Company Registration

Sole Proprietor Registration

Partnership Firm Registration

GST Surrender

GST Registration

One Person Company Registration

Producer Company Registration

Section 8 Company Compliances

Change, Add or Remove Company Director

Food License (FSSAI) Registration

Public Limited Company Registration

ISO Certification

Private Limited Company Registration

NGO Compliances

NGO Registration

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