What Is Company Registration? Company registration is a simple online process, regulated by the ministry of corporate affairs, in which you just need to fill an online form and submit few documents, required for company registration. Types of Company Registration in India
Steps Required for The Private Limited Company Registration
Apply for name approval- You need to find a unique and non-existent name for your company, which should not match with any already companies. Company incorporation form (SPICE)-When your company name is approved, the final step is to work on your spice form and submit it to the ROC. Once you submit the form, the ROC will take a close look at your spice form and MOA of the company and certification of incorporation will be issued. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/23/Procedure-for-Company-Registration
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Private limited companies are the most preferred and prevalent types of companies in India. Private limited company is conducted by the Ministry of Corporate Affairs, Companies’ Act 2013, Companies’ Incorporation Rules, 2014. Minimum Requirements for Company registration For the registration of a private limited company following requirements are to be met:
Features of Company Registration
The distinctive attributes of a private limited company is the limited liability protection to the shareholders and raising equity funds.
So what are you waiting for, take a leap .Start your own business and be your own boss. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/22/Features-and-Requirements-for-Company-Registration In order to ensure the food quality and safety and health of the public in general FSSAI guidelines are issued by the Food Safety and Standards Authority of India. This is the reason Food License is also termed as Food Safety License.
Who is required to apply for a Food License? FSSAI department has clearly specified that every businessman who is in any way involved in the food business is required to apply for a Food License. Such person, natural or legal is termed as Food Business Operator (FBO). Food Business Operator can be involved in any nature of business including manufacturing, trading, packaging, re-packaging, processing, catering, hotel & restaurants, storage etc. This list even includes the import or export of food items. Food License Registration in India In India, Food License can be obtained by filing an online application on the official FSSAI portal. After due consideration of the submitted application by the FSSAI officers, Food License is issued by them. This Food License contains a 14 digit unique registration number. The applicant is required to determine the category of Food License they are required to apply for based on the level of their expected annual turnover. They have an option to either apply for a food license with one-year validity or for food license with 5 years validity. Every registered FBO is required to submit an application for fssai renewal for food business at least 30 days before the end of such validity period. In case they fail to renew their Food License, they will be liable to pay penalty for such provision’s contravention. India is a developing country and it has already achieved the pace that is required for growing. Today, the Indian government is focusing more on encouraging its people to startup their own business. For this reason, company registration procedure is simplified by the government. There are two reasons for the same:
Step 1: Approval of company’s name
The foremost step in the company registration is to choose a name and get it approved by the Registrar of Companies (ROC) in the State/Union territory in which the company will operate its office. But there are certain conditions required for the approval of the company’s name. They are-
Memorandum of association, Article of Association and other is a legal document that consists of several factors related to the company formation such as the objectives, scope of activities, relationship with shareholders and more. While the articles of association refer to the document that consists of certain rules and regulations of the company. Therefore, Memorandum and articles of association are the two prerequisite documents that companies must submit along with and another legal document as an attachment to SPICe form to ROC for the purpose of incorporation. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/20/The-process-of-Company-Registration-in-India Before you start any business, there are endless things that need to be taken care and one of them is the registration process of your business. In order to maintain the credibility and assurance of the business, company registration is equally important as the finance part is important. For the continuous operation of your company, you need to obtain the legal authorization. This legal authorization helps your company to grow as well as ensures that your business proceeding under a permissible and statutory obligation. The company registration process of a business requires a lot of prior formalities and documentation. These documents include Aadhar card, passport, driving license, election card, and various other mandatory government Id’s. To establish the business as a legal entity, one must consider the financial as well as economic leverage of setting up a business. Now the question arises why company registration is needed and what is its significance?
After successful Trademark Registration the owner of such Trademark has a complete and undisputed right over it. As your business grows you partner with other businesses and entrepreneurs. In such situations you can delegate the rights associated to your trademark to the other party. This delegation of rights is termed as trademark assignment. This delegation of intellectual property via Trademark assignment can either be complete or partial in nature. When the delegation is temporary in nature i.e. time based, product or services based, event based etc. then it is termed as licensing. Is registration of Trademark Assignment necessary? Yes, registration of all kinds or trademark assignment is mandatory in nature. Provisions relation to registration requirements of trademark assignment are specified in Section 38 of Trade Marks Act, 1999 and Rule 68 of Logo Rules, 2002. As per this Section any assignment of Trademark either it is partial or complete assignment is required to be registered. In case of non-registration such assignment will not be considered valid or legal. Other than the registered trademarks as per Section 39 of Trade Marks Act, 1999 even without trademark registration done an unregistered mark can also be assigned without goodwill. Types of Trademark assignment
Complete Assignment All the intellectual property rights relating to the trademark created at the time of trademark registration are transferred to other party. Partial assignment Here, only set of rights are delegated. Such rights can relate to either a particular goods or services or rights to collect royalties. Assignment with goodwill Here assignment is done in relation to any particular business of goods or services for which trademark registration is done. All the intellectual rights relating to that particular business and its goodwill are assigned. Assignment without goodwill Unlike the case of assignment with goodwill, here the assignment is restricted to only the use of trademark and not the goodwill of the existing business. After trademark registration the owner of such trademark can assign it to be used by assignee for any other business vertical. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/16/IPR-assignment-provisions-after-Trademark-Registration One Person Company Registration in India is the finest step to give a kick-start to your dream idea and mend into business. There comes a lot of question in your mind after reading above, let’s solve them one by one. FAQ on One Person Company Registration in India 1.What is an OPC Registration in India? OPC Registration is a One Person Company registration in which there will be one person who will act as a director, shareholder of the company. The management will be handled by one person. A person can be a member of only one OPC. 2.Who is not eligible to form an OPC Registration?
1.What are the documents required for OPC Registration in India?
The OPC Registration fee varies from where you are having your OPC Registration. 3.What is the OPC Registration Process? The OPC registration process is a lengthy process. Kindly read OPC Registration in India Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/11/Five-Most-Important-Points-for-OPC-Registration-in-India In India, every food business operator is required to apply for FSSAI registration irrespective of their scale of operation. The scale of operation only affects the type of FSSAI registration they are required to apply for. There are three types of FSSAI registration:
What are the benefits of FSSAI Registration? Apart from the fact that FSSAI registration is a mandatory requirement for all food business operator, there are many benefits of making sure that you comply with FSSAI Registration requirement. Few such benefits are listed below: 1. You Avoid Penalties The most obvious benefit of Applying for FSSAI registration is that you avoid penalties imposed on non-compliance of this mandatory requirement. All the FBOs are recommended to immediately apply for FSSAI registration before starting any kind of business transaction. 2. Customer Preference While selecting any kind of product we always make sure to choose the best. When it comes to food products every customer is extra cautious and prefers the products which are attested by the FSSAI department and contain 14 Digit unique FSSAI License Number issued by the department. 3. Can Use FSSAI Logo Once your FSSAI registration is completed you can print the FSSAI logo on the packaging of your products and copy of registration certificate is displayed on the premises. This helps assure the customer of quality satisfaction and also helps in brand building. 4. Business Expansion Made Easy As FSSAI registration requirement is a legal compliance and there are prescribed regulations that are prescribed for food business operators by the FSSAI department. FBO’s which are in compliance with all such legal requirements can smoothly expand their food business without much issue. A trademark is registered under the trademark Registration act 1999. It is registered by the Controller general of patent design and trademarks, Ministry of Commerce and Industry A trademark is basically a brand or logo or such other form which may include the shape of goods, their packaging, and the combination of colors, which distinguishes the company/organization from the other businesspersons operating in the market. However in this dynamic world, if your trademark is not registered, you are exposed to the illegal use of your trademark. The owner of trademark registration gets hit by such unauthorized usage in a devastating manner. It leads to the loss of originality, monetary loss and hurts the sentiments of the original business owner and diminishes the reputation, business name, identity, logo, image and brand build after years of dedications. The trademark registration is granted after crossing certain important stages of objection, rectification, opposition. During the procedure of trademark application, the trademark objection is required to be to be handled with high caution otherwise the trademark registration application can be the rejected. The objections are issued by the trademark examiner on the basis of finding during the examination procedure on certain grounds. To avoid trademark objection the trademark should be inherently distinctive, or would have ‘acquired distinctiveness’ through its usage and should not be similar or identical to third-party mark, otherwise, it is can be objected by the registrar.
In case your trademark application is not objected or you have successfully crossed the trademark objection stage, it will be advertised by the registrar in a trade journal, in such cases, a third party can file an opposition to the trademark registration within four months from the date of advertisement. In case of Trademark opposition raised against your trademark, the online status will appear as “opposed”. Trademark rectification is another crucial stage, it refers to any kind of alteration, change, modification, or rectification in any registered trademark, by such aggrieved party. Any person aggrieved of such entry in the trademark register can file an application of the trademark rectification. However, in a certain case, the consequences can be cancellation of the trademark registration. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/06/Trademark-Registration-Important-Stages-in-India Limited Liability Partnership is a firm that is a blend between a partnership firm and private limited company where the business is carried out in a corporate framework that is guided by the terms of mutually accepted partnership deed. It is in vogue among the youth or young entrepreneur to give wings to their idea of starting a business. It is a concoction of the benefits of both partnership firm and company into a single form of organization. Getting LLP Registration in India is easy and involves very less time and if you read the article below you will find LLP Registration cost to be very economical and pocket-friendly. Therefore, the following is the discussion of LLP Registration fees in India. LLP Registration Fees-
The below is the discussion of LLP Registration Government fees at each step of LLP Registration in India.
If you have an invention and you are the inventor get acquainted with patent laws as soon as possible. A patent registration basically gets you an intellectual property right called patent to an invention carried out by you. The patent is governed by the Patent Act 1970 & Patent Rules 1972. The person applying for a patent can be an individual or firm. The patent is a bundle of rights pertaining to your invention but to the condition that your invention is unique. To get patent the inventor or owner must produce all the evidence to support the fact that the invention is yours. The proofs are required to be submitted as stipulated by the government. Patent registration is granted when it is novel, involves an inventive step and shows industrial application. A patent gives an exclusive right for an invention provided by the law for a limited time to the Patentee. Thereafter the patentee is able to control the making, using, selling or importing of the patented product. The patent is not just limited to the product it also extends to control and protection of process for producing that product and without the consent of the owner, it is not allowed to deal into the product or process in whatsoever way. Patent registrations have a validity of 20 years and it starts from the date of filing of the patent application. To get a Patent registration, the applications are required to be made to The Patent Office, Controller General of Patents, Designs & Trade Marks. At the time of Patent applications, it can be filed electronically with the provisional or complete specification, before the appropriate Patent Office.
The registered patent owners in case of infringement of their rights can take action or sue for damages otherwise the Patent protection is not enforceable for inventions that are not registered. A complete patent, satisfying the patent ability rules will be granted the patent and is notified in the patent journal which is published from time to time. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/04/Patent-Registration-in-India To all the startups once you are through with the private company registration, immediately you should initiate and prepare yourself for annual compliances applicable to a private company. A Private company registration is governed by the Companies Act 2013. Immediately within 15 days from the date of your incorporation Appointment of Auditor is a mandatory requirement. Appointment of the statutory auditor is a must condition for a private company under the Companies Act, 2013, an auditor will be appointed by a company for a term of 5 years and if it is a new business, the auditor has to be appointed within one month of the start of the enterprise. The form ADT-1 will be filed for a 5-year appointment. Another important compliance is by the 30the of September every year Annual ROC fillings is required to be filed, which includes the filing of annual returns and financial statements (Balance Sheet, P&L Accounts). The private company is required to disclose the details of its annual returns within a period of 60 days. The 60 days shall be counted from the last annual meeting held. Every year Annual general meeting (AGM) is to be conducted. Apart from the AGM, a private company is required to conduct a minimum 4 Board meetings in a financial year, and the gap between no two Board meetings should be greater than 120 days.Directors reports are also required to be filed. Directors’ Report is to be filed covering all the information required for Small Company under Section 134. The Income-tax last Date for corporate is 30th September of the financial year. The private company is also required to Maintain the records such as the register of members, register pertaining to shareholders, directors detail etc. After a private company registration, all the compliances pursuant to the Companies act 2013 is to comply.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/03/Annual-Compliance-for-the-Private-Company Virtual CFO is also commonly known as vCFO and is trending in the market for being the most efficient, affordable outsourced service to be utilized at a lesser cost by the newly incorporated companies; usually, it is utilized by the startups. The very obvious reason such enhanced outsourcing is lesser cost, dedicated work and company owe the least liability towards such outsourced service. A Virtual CFO is the qualified financial person, who handles the finance and accounts, even booking keeping of a company without being physically present in their premise. They are engaged in providing financial support, compliance related stuff, and certain statutory work, also provides financial and business advising. The vCFO handles the work virtually and remotely and undoubtedly the technology has played the most vital role in the whole process. The company provides its documents over internet, basis which the data analysis is done by the vCFO, which also includes the segregation and report generation. Hiring a vCFO has become very common these days as it comes with low cost and many advantages such as results/reports are automated hence lesser chances of error, a drastic shift has followed from the laborious services to business and financial consulting, uniform and accurate report is generated, with the use of advanced software auto segregation of data entered is also possible. It has a very significant impact on banking sector reconciliation is more a headache, financial and business is done on an expedited manner. Most importantly such outsourcing helps the of the company allow themselves to be involved in the core Business Issues and developments. The vCFO is considered to be an unbiased person as does not belong to company employee category working in-house hence an unbiased perspective is received. Hence for Startups it is nothing less than bliss.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/26/Do-You-Require-A-Virtual-CFO If you are a foreign citizen and wondering if you can incorporate a company as per the Companies Act, 2013 in India. The answer is YES !!.... In this article we will discuss why incorporating a company for foreign citizens is a smart idea and what are the basic requirements and procedure for the same. Why Incorporate A Company? Foreign citizens can incorporate their business in India in forms like Partnership Firm, Limited Liability Partnership, company registration etc. But registration is the most preferred type of business model for foreign citizens in India. The reason behind that is that 100% foreign direct investment is allowed at the time of Company Registration in India. No RBI compliances are required to be done at the time of incorporation if any capital is invested by the foreign shareholders. What Are the Documents Required from Foreigners? Both an individual, as well as a body corporate, registered outside India can become a shareholder in Indian Company as per Companies Act, 2013. Following is the list of documents required for company registration procedure. For an Individual
For company registration in India following documents are required to be submitted by a proposed individual shareholder;
For a Corporate Body For company registration in India following documents are required to be submitted by a proposed corporate shareholder;
Apostle Requirement for Documents Every document submitted by foreign citizens or foreign corporate bodies are required to be;
The Following are the documents that are required for Online company registration in India by foreigners - 1.Passport – Identity Proof This is the most important document which is also a proof of identity of the foreigner to survive in India. The Passport must be notarized or apostilled in the country where it was issued. In any case, if the document is in a foreign language then it first should be translated in English and then notarized or apostilled. Furthermore, in case the passport doesn’t contain any date of birth of the holder then the additional document specifying the date of the birth of the Director should be duly certified or attested or notarized or apostilled. 2.Address Proof The second most important document which is required for the company registration in India is the address proof. In addition to the notarized Identity Proof, a notarized or apostilled address proof is also required to be submitted. The address proof must have the exact name which is mention on the Passport and the most current address of the Director. Keep in mind, the documents submitted should not be older than 1 year for foreigner National. Following documents can be accepted as an Address Proof –
1.Registered Office Address Proof After the Identity Proof and the Address proof of the Director, the next is the Registered Office address of the company. Following are the documents that can be submitted as the proof of the registered office during the company registration in India-
2.MOA and AOA of the Company The identity and address proof of all shareholder whether foreigner or Indian Nationals who have subscribed the Memorandum and Article of Association of the company. 3.DIN and DSC After bundling all the documents, the last thing you need to submit is the Director Identification Number and the Digital Signature Certificate. It is a very easy task to register a company in India. You can easily register your company through online company registration by accessing the MCA website. Many people around the world choose the Delhi as the preferable choice for company registration. Company Registration in Delhi is cheaper and less complicated as compared to other places in India. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/21/Documents-Required-for-Company-Registration-in-India-by-Foreigners Online business has taken a boom in the last few decades. This business model has captured the maximum market area these days and is considered to be the most convenient way to shop around by the customers. It is time-saving, facilitates the return and reorders too and escapes the customers from the shopping at the mercy of the traders. To do business online in India you can incorporate an LLP or can go for company registration in India, even starting as the sole proprietorship is also an option. A registered entity gains more trust and can avail the tax benefits as prescribed by the government time to time. Also to start a business you will also require to open a current account, for which a registered entity is a must condition, company registration will give you recognition by banks, taxation authorities and will provide you the gateway to receive payments and get certain registrations before other concerned authorities. After company registration, you must obtain the GST registration and in case you also wish to protect your brand or company logo, apply for trademark registration. The GST registration is mandatory after your business turnover reaches 20 Lakh or INR 10 Lakh for specified states. However to charge GST to the customers, and avail Input tax credit you require GST registration. A company is a corporate legal entity, separate from its members and can hold the property in its own name. To incorporate a company you shall approach to a Company secretary or charter accountant or such consultancy engaged in company registration. In case you wish to go for company registration in Delhi, you need to apply on the MCA portal in E-file SPICE-32 for the purpose of online company registration. A company can be incorporated as a private company, public (Listed and Unlisted). To start with you can incorporate a private company as it has lesser compliance when compared to a Public company.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/20/Is-Online-Business-Requiring-Company-Registration Global Depositary Receipt is a certificate that is collecting fame in the stock market and becoming popular among the investor to put their hands in the global stock market these days. A global depository receipt is a depository receipt sold outside the United States and outside the home country of the issuing company. In GDR, an overseas depository bank i.e. bank outside the domestic territory of the company issues shares of the company to residents outside the domestic territory. These shares are in the form of depository receipt or certificate created by overseas the depository bank. Now, this will be more understandable with an example- XYZ company situated in India wants to raise capital from the USA then the Indian company will issue their shares in the foreign company and an overseas depository bank will issue GDR to the foreign investor investing in the Indian company. The instrument which is issued by the overseas depository bank is Global Depository Receipt.
The Global Depository Receipt Mechanism - Procedure
The whole process is carried out under the strict guidelines of both the countries. Every Indian company who intends to issue GDR needs depository participants for entering into the global market. Hence, the GDR is denominated in U.S Dollars. Conclusion Global Depository Receipt is now one of the pillars of finance or stock market today’s world. With the globalization, every company is expanding its wing in the limitless sky and GDR helps in making this dream possible for such companies to tap internationally for growth and development. Source by: http://entersliceites.over-blog.com/2018/09/explain-global-depository-receipt-with-an-example.html For new entrepreneurs before setting up their business the most important decision is the type of business model to be set up to suit their business needs. However, deciding on your business type is just the beginning. After registration of business it is important to be vigilant and comply with all the law required mandatory compliances. In this article we will discuss the type of compliances one is required to adhere to after successful company Registration in India. Once company registration is completed there are a number of compliances that are to be done. Such compliances include tax compliances, compliances mandated under Companies Act, 2013 or any other Act applicable on such company. Compliances under Companies Act, 2013 Following are the compliances mandated under Companies Act, 2013:
Tax Compliances
Other than these ROC compliances the company is also required to comply with all the tax compliances. This will include;
Get your brand secured through registration under the Trademark Act 1999 otherwise you are exposed to the unauthorized use of your brand and consequently, loss of money shall be followed. In order to avoid all such nuisance, it is highly recommended that you go for brand registration and indulge yourself in the core business activity. A trademark is registered under the trademark Registration act 1999. It is registered by the Controller general of patent design and trademarks, Ministry of Commerce and Industry. Once a Trademark is granted, it is granted for 10 years; on the expiration of 10 years, it must be renewed further if needed, this way it is renewed for every 10 years. A trademark registration is obtained for the purpose of a business name, taglines or captions, different letters, a combination of colors, unique catchphrases even smell. It creates and provides a company/business separate identity. Through registration, the goodwill attached to such brand is secured.
The trademark registration starts with Search for the trademark, followed by the application for the trademark, thereafter it will be examined by the Registrar and shall be published by the registrar to call of objections in the trade journal, in case there are objections raised by the third party, hearing for the same will be held. It remains open for objection for about 3 months. In case the objections hold substance, the Trademark application will be rejected otherwise Trademark registration certificate shall be issued. A trademark can also be licensed or assigned. One needs to clearly understand this that the trademark registration is not mandatory, but in case you have not registered your trademark, your legal rights are not recognized in the court of law. In the case where your trademark is registered in the other countries as well, the date of such registration is required to be mention in the application for a trademark. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/17/Register-Your-Brand-Under-the-Trademark-Act-1999 In the current time, many young entrepreneurs are coming up with unique business ideas and are introducing fresh ideas and venturing new business sectors. They have great entrepreneurial skills but what they might lack is the legal knowledge and understanding the regulating laws. Such startups play a vital role. But, what such entrepreneurs lack is the understanding to choose a specific business model most suitable for their business type. Business models include sole proprietorship, partnership, limited liability partnership, company etc. In this article we will try to explain in brief the benefits of company registration in India over any other kind of business model. Following are the benefits of Company Registration:
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/15/Benefits-of-a-Company-over-other-Business-Model Company possess the legal corporate character and is a separate legal entity from the person who are part of the company. The company can sue and be sued in its own name and can also hold the property in its name. For a startup, the Private limited company is the best form of doing business. Lesser compliance, easy transfer ability of shares, privately managed company format, capital funding and raising, limited liability are certain features which makes the private limited company as one of the best-suited forms of doing business. The incorporation of a private company is regulated by the Companies Act, 2013, Ministry of Corporate Affairs, and the Companies Incorporation Rules, 2014. The private limited company is not allowed to issue the shares to the general Public. Before initiating the Incorporation procedure, the DSC for authorized signatories should be obtained and thereafter apply for name approval of the company to avoid the rejection of incorporation application for the reason of already existing name. For the name approval, E-form RUN (Reserve Unique Name) is required to be filled at the MCA (Ministry of Corporate Affairs) portal. One must keep in mind that the name should not be opposed to public policy or prohibited. The documents pertaining to incorporation includes the Photograph, ID proof and the Address proof of applicant, PAN card, copy of ownership deed or sale deed, for address proof things like electricity bill or telephone bill of registered office, in case of rented property copy of rent agreement, proof of nationality in case of the foreign national subscriber.
For the incorporation of e-form, SPICe-32 should be filed. The MOA, AOA and subscription details are also required to be uploaded along with the Spice-32 from. On scrutiny by the Registrar and once the documents are duly verified and approved by the government, the certificate of incorporation shall be issued to the applicant by the Registrar. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/14/Registration-Procedure-of-Private-Limited-Company Incorporating a private limited company requires the following steps to be fulfilled:
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/13/Registering-a-Pvt-Ltd-Company-in-India A producer company can be registered under the Companies Act of 2013. A producer company mainly relates to co-operative business and the unorganized sectors such as farming, production, procurement, harvesting, grading, marketing, selling exporting, and even such import made with respect to the benefits of the members of the Producer Company. The company is registered by filing an application for incorporation in the e-form SPICE 32, along with the 2 names to be taken as the Name of the company, in order of their preference. Also, the directors are required to obtain DIN and authorized signatory must have DSC, which will be used to sign the incorporation application i.e. SPICE 32. The company shall arrange the minimum paid-up capital of Rs 5,00,000/-. The PAN and TAN can be applied along with the producer company registration from e-form SPICE 32. Minimum of 5 directors is required to be appointed by the producer company.
A producer company can be incorporated only when it has a minimum of 10 members and for a maximum number of members, no upper limit or cap is there. The Producer company has reinforced and organized the co-operative business into a corporate entity. This has given the members an access to a larger market and has created a better world for the members involved in it. The agriculture sector and farmers form the most important part of the producer company. Such conversion has basically created a good credibility, easy management, right to own the property, a corporate existence, also as it is allowed to accept the deposits from the members, due to having a corporate existence has limited liability towards its members. The basic documents required are PAN card, Photograph, Aadhaar Card, rent Agreement, Landlord NOC is required, place of business address proof, rent agreement. Source by: http://enterslice.hatenablog.com/entry/2018/09/13/Register_Producer_Company_under_Companies_Act_2013 A private limited company (PLC) in India is a privately held business enterprise owned by individual people or other companies. The formation regulations and registration of the PLC is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. For a business entity to qualify as a PLC, the following parameters apply:-
Willing to establish your business in Singapore, needless to say, it is one of the best places to start a business, courtesy to low tax rate which ranges 8.5-17 %, which is comparatively very high in other countries and it has very less red-tape and corruption. What else you want to start a company in Singapore? Now, let’s discuss how can one start the business in Singapore? The procedure to establish a company is quite simple. Firstly, appoint a nominee(s) director in Singapore, if that is not happening in that case even the applicant can relocate to Singapore. In Singapore, the foreigners need a work visa to work in Singapore. Thereafter apply for Employer pass or else for Entrepreneur Pass visa. Fill in the requisite form for Singapore company registration. Note that the age of applicant should not be less than the 18 years of the age. Basically, the applicant must set up a branch office in Singapore to have a local address. In case you wish to avail the beneficial cash grant schemes available in Singapore, you may contact the Standards, Productivity and Innovation Board (SPRING) and International Enterprise Singapore (IE Singapore). One also need to open a bank account, thereafter obtain the seals and stamps, and if need shall require to apply for a certain license. Definitely, Singapore has a more business-friendly atmosphere. According to the EDBI (Ease of doing business index) has ranked good for Singapore and considered it as a conducive marketplace for doing business. The incorporation of the company in Singapore will not take more than a month. In overall, register company in Singapore is beneficial in terms of facilitation and helps the company in keeping it competitive, also adds to the reputation of the company.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/06/Register-Your-Company-in-Singapore |