The company incorporation is regulated by the Companies Act 2013. A company is a corporate entity having a separate corporate identity from its members. As a corporate legal character it is entitled to hold/buy/sell a property in its name, can have the common seal of its own. A company is formulated either as a Private company, Public Company (Listed or unlisted) or OPC (One person company). To apply for company registration, an application is required to be made at the MCA portal in E-Form Spice -32. It is suggested to apply for name approval through RUN before applying for the name approval to avoid the chance of rejection of the application of registration. One should keep in mind that the name should not violate any of the provisions of the Emblems and Names (Prevention of Improper Use) Act, 1950. The fees for RUN are Rs 1000/- for one-time application in which the applicant can propose two names in line with preference. Minimum of two shareholders and two directors, who can be the same persons are required to form a private company. A private company can have a maximum of 200 shareholders/ members in the company. Maximum of 15 directors are allowed. In case of new company registration and cases where directors don’t have DIN, it can be applied at the same time of filling the single form Spice-32. Even PAN TAN for the new company can be applied along with the same e-Form SPICE-32. The authorized signatory shall obtain the DSC (Digital Signature certificate) to sign the various forms digitally. The Memorandum of Association and Article of Association of the company with respect to the Object of the company forms the part of an attachment to registration application. However, to apply you need to take help of Company secretary or charted accountants or such authorized person.
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OPC or One Person Company Registration has become a trend in India. The Youth of India are the most common person who is availing of this new concept introduced by the Companies Act. And the reason for its popularity can be easily seen with naked eyes eventually. In this article, we have compiled ten prime advantages of registering One Person Company in India.
Advantages of One person company registration in India The advantages are as follow-
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/04/Advantages-of-One-Person-Company-Registration-in-India Trademark Registration in India is very important as it protects your brand or business name from getting infringed. A trademark is a visual or symbol or word, name, device, label or numerals that are used by the business to differentiate its own business from other business or service. A registered trademark is like an intangible asset or what we call an intellectual property for a business which is in work for protecting the company’s investment in the brand or symbol. The proposed trademark should not be identical with any of the existing trademark. Any trademark which is identical, offensive, generic, and deceptive or contains any sign of emblem or impression related to the political party will not get registered. Therefore, just double check your proposed trademarks before you go for registration. Coming to our main topic i.e. - The Benefits of Trademark Registration in India-
There are ample numbers of reason or benefits attached to the trademark registration but we will give a brief. The following are the benefits of Trademark registration in India.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/03/What-are-the-Benefits-of-Trademark-Registration-in-India A private limited company is a preferable choice for the business owner who thinks to start a company or any existing businessman to expand its company circumference. Furthermore, their registrations is very simple and have minimal statutory compliance. This road will offer you many benefits which are discussed as below- Following are the benefits of privately limited company registration-
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/09/01/Benefits-of-Pvt-Ltd-Company-Registration-in-India One needs to apply at the MCA portal for company registration, the registration is done via company registration form Spice -32. Before registration applies for name approval of the proposed company, the name should be in compliance with the Emblems and Names (Prevention of Improper Use) Act, 1950. The Name application fee is Rs 1000/- for one-time application in which the applicant can propose two names in line with preference. A Company is a legal entity having a separate legal character from the person who works in or for the company. It is a corporate body having a common seal and possess the right to hold/sell/buy the property in its own name. A company can be formed in the nature of the private company, a public company, LLP. To form a private company at least two shareholders and director, who can be the same persons is a must condition. Note that at least one of the directors must be resident in India. In a private company, the directors have limited liability towards the shareholders and members, unlike other forms of business like partnership firm. A private limited company can have a maximum of 200 shareholders in the company. A company can have a maximum of 15 directors. Before application the authorized signatory must have Digital Signature certificate, Directors not having DIN apply for DIN (Director Identification Number). Prepare the memorandum of Association and Article of Association of the company basis the object of the company. With the new format, one can apply for PAN and TAN for the company along with the application form SPICE-32. On application to Registrar, it will be scrutinized, in case of discrepancies the notice of shall be sent to you on register Email ID, otherwise, certificate of registration shall be issued. However, to apply you need to take help of Company secretary or charted accountants or such authorized person.
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/08/31/Private-Limited-Company-Registration-and-Requirement In order to register a company with the Registrar of Companies, the following documents are required: -
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/08/30/Registering-a-Private-Limited-Company-in-India Registration of company in India, as part of the Digital India Initiative, is mandatory as per the Company Act, 2013. However, before proceeding to register a company, the pre-requisite thing to do is to choose the correct business type that the new enterprise will operate and need to be registered under. Proper incorporation has a long term effect on the legal compliances and income tax returns that the business entity needs to deal with in the future. Types of company formations in India
A company is a legal entity that is duly formed and registered as per the provisions of Company Act, 2013. Company registration in India is regulated by the Registrar of Company of each state. These ROCs are governed by the Ministry of Corporate Affairs. Legally, there are different types of companies in India:-
Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/08/29/Pvt-Ltd-Company-Registration-via-Enterslice Choosing a right business and any other business-related activity is a big task and the right road of selecting your business will allow operating effectively and efficiently. In this article, we will tell you about the Private limited company incorporation. So, initially what we need to understand is what kind of business we are supposing to start meeting our requirements- 1. One Person Company – there is only one promoter or owner in the company 2. Limited liability Partnership – a separate legal entity created by the partners having a limited liability 3. Private Limited Company- a company formed by the stakeholders and directors of the company under the company law. 4. Public Limited Company – associations of members which are incorporated under the company law and have a separate legal existence in the eyes of law. Now, after choosing the type of company you can register your company in India. How to Register a Company in India?
Following are the steps you need to follow for company registration in India- 1. Apply for DSC and DIN – Digital Signature Certificate is an electronic signature which will be used for filing government forms online. After that, you also need to apply fo5r Director Identification number ( DIN) 2. Company Name Approval – after obtaining DSC and DIN. An application for name approval in RUN form will be applied to the MCA portal Online. 3. Documents Required – the list of documents are required for online company registration – - PAN Card - Id proof (Aadhar Card, Passport, Voter ID ) - Address Proof (Bank Statement, Electricity Bill, Mobile Bill) - Photograph 4. File for Incorporation - the most important step is to file the incorporation form to get the MCA registration. All the documents like Memorandum of Association, Article of Association, Permanent Account Number or Tax Deduction and Collection Number are created and submitted with the form. 5. Company Registered- when all documents are found to be genuine then ROC will issue the Certificate of Registration. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/08/28/How-to-get-Company-Registration-in-India India is a fast-developing nation aspiring to become an established financial hub. The government in last few years has been motivating people to establish a business of their own or ‘be their own boss’ by launching schemes and providing a variety of benefits. This has been helpful in increasing the rate of growth of the economy towards the path of self-sufficiency in the country. Selecting the business model or structure is the most important decision to make after the ideas have been put into place. A Company as a structure has always had an upper hand in this regard. Be it a Private Limited Company Formation in India or Public Limited, it has advantages that make people choose it over the other types. Once individuals decide that the business shall be incorporated as a Company, the next step to understand the procedure of Company Registration in India. What are the Features of Company Registration Process in India?
The Ministry of Corporate Affairs, Government of India, has regularly been making amendments, issuing notifications, and launching schemes so as to make the process of company registration easier, simpler and more cost effective. The most recent initiatives of the authority have been proved revolutionary in inspiring more to come forward and realize their dream of starting their own business. Some of the initiatives are: Introduction of RUN service for reservation of the proposed name. Introduction of SPICe with e-MoA and e-AoA has fast-tracked the procedure of company registration. Fee for company registration has been scrapped off. Hence, it can be seen that registration of company for business is easier than before and filled with more benefits than ever. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/08/23/Features-of-Company-Registration-in-India There is a rise in the number of startups in Indian Economy. One can establish a business choosing any business model like sole proprietorship, partnership, LLP or a company depending upon their business model and number of promoters. Many prefer to incorporate a company as it provides various benefits like limited liability, perpetual succession, separate legal entity etc. There are different types of companies like;
Company Registration Procedure
Anyone willing to incorporate a company in India has an option to choose from any of the below mentioned options;
Incorporation after name approval It is recommended to incorporate a company only after company name registration. For name reservation Reserve Unique Name (RUN) Service is available on the Ministry of Corporate Affairs portal. The applicant is required to apply with two unique names. Once a name is approved it is reserved for a period of day only. The applicant is required to file SPICe form for incorporation within 20 days of name allocation. It is required to be submitted as a linked form along with SPICe AOA and SPICe MOA. Direct incorporation The other option is to file for incorporation through SPICe Form without name approval. Following mentioned all the services are covered under SPICe Form;
To start an edible oil processing unit in India, it is compulsory by law to get the following registrations done before commencing work:
Source by: https://www.bloglovin.com/@enterslice44/how-to-set-up-an-edible-oil-processing-unit In case you wish to register a private company, it must be registered under The Companies Act 2013. To incorporate a company one need to have 2 directors and shareholders (both can be the same). However one of the directors must be resident in India. The compliance part in the private company is less as compared to a public company, hence it is usually recommended to start with the private company. As opting for Private Company shall limit the Liability to an extent when compared to liability in the Public company, the usually private limited company is preferred Incorporation of Private Company: The process of registration for the Private Company starts with firstly applying for name approval on MCA Portal by Clicking on RUN (Unique) whereby maximum 2 names at a time can be proposed and fees of Rs 1000/- is required to be paid. The name reserved shall be valid for 20 days from the date of approval of Name. However, in case of name approval for existing company (Change of name), the approved name shall be valid for 60 days. Thereafter fill in the application for incorporation SPICE INC 32 form along with DIN application for Directors (Maximum 3 Directors), ROC registration, PAN/TAN application of the company. Yes this single form itself can be used for many purposes as stated. The details of Subscriber can be given of maximum 7 subscribers. To detail about more than 7 subscribers, physical signed copy of MOA and AOA is to be filled. After the incrustation of the application Incorporation certificate shall be generating with CIN, PAN & TAN.
Source by: http://enterslice-ites.strikingly.com/blog/registration-of-a-private-company-in-india The copyright registration is obtained by those who are willing to protect their dramatic/literary/musical/artistic/musical and artistic works/cinematography or sound recording or as the case may be against being copied or used by the third party, other than inventor or owner of the invention. In other words, a copyright provides you the right of reproduction, communication to the public at large, translation and adaption of the work. In order to register the copyright, one need to apply to the DD or the IPO, thereafter a Dairy number shall be issued, within 30 days of which objections shall be invited vied the publication in case there is no objection. Thereafter it shall be scrutinized by the examiner, and if no discrepancy found registration shall be approved. However in case objection is received the letter will be issued to the applicant and the objection raiser and hearing shall be held , basis which the application shall be accepted or rejected , if objection is rejected it will move to the next step wherein it shall be scrutinized by examiner, in case discrepancy found , discrepancy letter shall be issued and reply of applicant is awaited, followed by hearing, if all goes well then registration is approved otherwise application stands rejected. On approval extracts from the register is sent to the applicant.
Source by: http://enterslice-ites.strikingly.com/blog/registration-process-of-copyright Looking for something like NBFC license, then you have landed to the right place. In this article we will explore you all about NBFC License in a very crisp and informative way covering the entire topic like registration of NBFC License, types of NBFC License etc. Let’s start! Registration of NBFC license Under section 45 I(a) of the RBI Act 1934, no company shall commence or carry on the activity of NBFC without the certificate of registration from RBI and the NBFC license. For Certificate of Registration the applicant should fulfil two conditions-
Types of NBFC License Now, coming to the kind of company you belong to because that will decide the kind of License you need to register for your company. Hence, following are the list below-
We have tried to give you the crisp and informative article briefing about NBFC license. And, for more detailed knowledge on the NBFC license kindly contact us at [email protected]. Thank you. Source by: https://www.bloglovin.com/@enterslice44/how-to-apply-for-nbfc-license-in-india Private company registration is governed by rules and regulations of the Companies Act 2013. Private Company is a type of Company, before understanding Private Limited Company Registration, let’s understand What is meant by the company? A Company is a legal entity and a corporate body having a common seal, and it holds the right transfer or deals in the property it in the form of holding a property or selling the property or buying the property in its own name. In order to form a company at least two shareholder and two directors should be present, however, OPC- One Person Company is an exception in which 1 director and1 shareholder is required, who can be the same persons. It is mandatory that one of the directors must be an Indian resident. What is meant by Private Company? Private Limited Company (PLC) – A Private company is a company it must have at least 2 people as the shareholder and 2 directors, the 2 directors, and shareholder can be the same.
Registration Procedure for a Private Company:
Did you ever think about why we need company registration if the company is made by you and services are also offered by you than everything about your services and products is dependent upon your Company than what is the need of Company Registration. Incorporation of Private Limited Company and Business means your business is registered under Companies Acts according to your company services and products your Business License is Approved by the Country Government to Legally do Business and to make transparency between your business and govt. because according to Government Guidelines you have to follow the Systematic rules and Regulations that is known as Management Principle of Business because if you are running a company it means your company have an employee As According to the Companies Acts you have to fulfill all the terms and conditions to get Business/Company License to run the business. Need to Register your Company Sometimes you have started a business with an idea to give your values and services as a small scale business person E.g. If you are running a business with 10 employees and continuously you are growing and now you form a Company but still, you don’t Register Your Company in the knowledge of Govt. but somehow if you get caught by the govt. without license and registration, you are running Company than you’ll be Fined maybe get Blacklisted. So, Private Limited Company Registration is Framework which authorizes you from Govt. to do business and run a company Legally Enterslice helps you to register your Company under the Companies Acts and Government Guidelines which fulfill your business services and products.
BIS Registration is required for certification of quality standards and safety assurance of any product. This registration is granted by Bureau of Indian Standards. BIS Registration schemes are implemented on one of the largest scale. It covers close to 900 products in its ambit for which a third party certification is provided for quality assurance. Keeping in mind the issues of public safety, health and environmental protection the government has notified around 90 products for which BIS registration has been made mandatory. These notified products cannot be manufactured or sold before BIS certification is completed. What is the Objective of BIS Registration?
For BIS registration a proper procedure is required to be followed which includes inspections and testing. However, once the license is issued proper surveillance is also conducted by the bureau. Thus we can say there are two separate parts of BIS registration, first is licensing and second part is surveillance process. Flow of License Application
As on average scale Private Limited Company Incorporation in India is registered maximum as compared to other companies type Registration that result is surveyed by the Enterslice (Award Winning CA and Legal Technology Company) Technically this all depends upon need of the Company Directors As we know there are several factors based on companies formation after dealing all this we get the best result on which type of company Registration you need. Private Limited Business Formation
Business Formation is same as company registration in which you have to take Authorization from Govt. for the Business that is a process of register your business under certain Acts and Laws of Government Guidelines for this, there is Enterslice Stand for you for Company Formation and Registrations. Business and Growing Day by Day as on Alarming Rate just because of to make this world “Smarter Faster and Better” here Entrepreneur, Tech Geeks, and Business Tycoons Firstly go for Company Registration i.e. Private Limited Company Registration because normally its take time around 7-10 Working Days Maximum. Pvt. Ltd. Companies Advantages FSSAI functions under the Ministry of Health and Family Welfare, Government of India. Maintaining the food safety guidelines is imperative for the country as it is important to ensure providing safe and wholesome food to the consumers. In the present time, the consumer has also become health conscious and before purchasing any food product, they make sure they are purchasing and eating food that is free of adulteration, contamination, and prepared to keep the hygienic standards in focus. Consumers have become aware of food safety and prefer eating and purchasing food that is approved by FSSAI. The Food Business Operators (FBOs) should understand FSSAI registration process as discussed in FSSAI Act 2006. Food License and Registration is the imperative for doing business related to any stage of processing, manufacturing, packaging, transportation, storage, and distribution of food products in India. "In order to promote fortification as a means to address micronutrient deficiencies, the Food Safety and Standards Authority of India (FSSAI) has launched the draft Food Safety and Standards Regulation (Food Fortification), 2016 in October 2016. The regulations include provisions on standards for the enrichment of food items, namely, wheat flour, rice, milk, edible oil and salt with vitamins and minerals, said the minister to a consultation on the laws for food fortification in the country. FSSAI may demand the fortification of any food item according to the rules on instructions from the central or state government in consultation with interested parties. It is the act by which the Food Regulation Service authorizes that a given food can be the object of elaboration, industrial division or import for its commercialization. Online FSSAI Registration for Food Business: the act by which the FSSAI gives a unique FSSAI License number after the completion of the Food Registration . They are obliged to obtain the corresponding food License, those companies dedicated to the preparation, manufacture, handling and production of food for sale and distribution outside the place where they are made, and warehouses, distributors or food importers in general. To carry out this registration, apart from the Documents Required For FSSAI Registration or holder of the same, it will be necessary to submit plans reflecting the facilities, etc. for the establishment. Likewise, it will be necessary to prepare and implement a control system Food Quality for critical points, better known as the Food Safety And Standards Regulations 2016 , which must be carried out by the company itself or through a specialized entity like FSSAI. To obtain FSSAI Registration for Food Operator he/she must have present documents such as: the application form, affirmation under the seriousness of the oath that is a microentrepreneur, certificate of existence and legal representation or commercial registration, favorable concept of the competent health authority, name of the product and description and composition of the food and receipt of payment of the health permit rights. The products that can be manufactured are: fruit derivatives (soft drinks, nectars, juices), vegetables, legumes and legumes in pickles, preserves, peanuts, pistachios, cereals and their derivatives, sweets, spices and condiments. But they will not be able to produce meats, meat products, milk, oils or fats, fish products, mayonnaise, canned goods, bottled water and baby food. cereals and their derivatives, sweets, spices and condiments, table sauces and dressings and prepared foods . First of all, you will have to pay the fee requested by the agency and choose a name for the company. The agency will then check that the name is still available (i.e. that there is not already a company with the same name). You will then need to send a copy of your passport to Hong Kong, a copy of your driving license (or any other document on which your address is printed), a questionnaire that will contain standard information such as your address, passport number, name of the director and the shareholders (in case you are opening the company by yourself you can act as both director and sole shareholder), and so on. For a “simple” company registration in Kong Kong, which should be enough unless you have specific needs, your agency will have to register a company in hong kong online (or E-registration, it takes about two hours to complete it), to get the certificate of incorporation (certificate of incorporation) and business license (business registration certificate) after verifying your identity through a Skype interview.
Or, if you want to open a multi-level company (which, as mentioned, is only needed in special cases), you will receive several pre-compiled documents from the agency (the “Form NC1 (Incorporation Form)” and the “Memorandum and Articles of Association, ”) so that both directors and shareholders can sign and send them back to the agency. That’s all! The whole process should to open the company should last about five working days (but the agency will do most of the work). A recent study by the Food Standards and Standards Authority of India (FSSAI) indicated that there was a widespread practice in the country to dilute fresh milk, before adding skimmed milk powder, glucose and fat to disguise the adulteration. The FSSAI document added that it was even found that some products contained detergent. Milk and Milk Products contain essential nutrients for all ages. Therfore, ensuring the quality and safety of dairy products offered to consumers is the mandatory objective of FSSAI. These review focus on the application of bacterial spores as a biosensing system for contaminants in the milk system. milk, bieng an important component of the human diet,its guarantee of quality is considered essential for the health and well bieng of the community. Now the demand for a day's consumption for a product that has a constant quality, good taste and a longer shelf life and the most important insurance for consumption will ultimately benefit milk producers by increasing consumption of the kind of high quality products. Therefore, the standards for a series of microbial and non-microbial contaminants have been first specified as a legal requirement by the Food Security and (FSSAI) Standards for milk and milk products in the India. The testing of milk and milk products for the presence of polluting agents has become a mandatory practice in the dairy industry, before dispatching the products in the global market. To date, conventional testing methods are considered gold standards and are the first choice of the quality control laboratory of each dairy industry. 1. Why Hong Kong for Business? Hong Kong is one of the World’s Businesses most noteworthy financial sectors, with the highest Financial Development Index Rank and frequently ranks as the world's most ambitious and free economic entity. Hong Kong consists of types of business which are: a) Limited Liability Company b) Sole Proprietorship c) Partnership d) Foreign Company Office Every Incorporation Entity has its own guidelines for the companies and businessman to be followed. 2. Company Registration & Formation Enrolling your companies and business in Hong Kong is a process of Company Registration in which your company, business is registered under the Acts and Laws of Hong Kong Government with the guidelines of Company Acts & the rules and regulations. 3. Procedure for company registration in Hong Kong To start the company formation Procedure is to check the availability of name You have to choose 3 names out of that 3 names you get one (1) company name. Be careful while choosing Company Name because Company name is the Identity always choose a name which is kindly related to your product because of its share meaning. 4. How to Grow & Stay in Business There are several factors which effects company growth rate but businessman main concern is to how to enhance business with good growth rate with the guidelines of Acts and Laws. Every Business and Companies are Stands on four principles that’s are- a) Planning b) Organizing c) Leading & d) Controlling If you apply these all functions/principles on your company with all the concern of the team members 99% sure your company had a chance to improve its rate of growth Apply New Strategy on the Company Formation i.e. Update and Moderation is necessary for the Businesses to stay in the Market 5. Requirements for Formation & Registration Company Registration in Hong Kong consists of several requirements which are- a) One director of any nationality b) One shareholder of any nationality c) One company secretary d) No capital investment required e) Minimum one share to be issued ($1 HKD=1share) Source by - http://enterslice.mozello.com/blog/params/post/1555397/company-registration-in-hong-kong-formation--stability
If the Directors of the company does not reside in Hong Kong, then you can request the status of “offshore company” (note that depending on the case you must also comply with some additional conditions). In this case, your company will have to pay 16.5% tax on any profit generated in the territory of Hong Kong and no tax on profits generated outside. This means that if, for example, your company imports mobile phones or tablets from China to resell them to European wholesalers or through an American e-commerce site, then the Hong Kong government will not require you to pay any tax (again, provided to have obtained the status of “offshore company”. Although Hong Kong is politically a part of China, its legal system is actually different from China because British laws prevail (the reason is that Hong Kong has been a British colony for more than a century). Hong Kong is, together with Singapore, the most liberal economy on the planet. Opening a company is simple, fast and affordable (the government requires only HK $ 1,730 for company registration in Hong Kong and HK $ 2,250 per year for business certificate). Anyone can open a company in Hong Kong without having to live there or be a citizen (provided you use an agency).
A public limited company is a lot like private limited company except the minimum requirement of authorized capital Rs 5 Lakhs and some additional annual regulatory compliance while in operation. This form is preferred over the private limited companies because of a higher scope of expansion for a large-scale business and huge capital investment involved as well for the issue of IPO.
What is a Partnership Firm?
A Partnership Firm is an easy structure of business owned jointly by two or more people. Not only is it easy to incorporate but the operations after the commencement are fairly simpler than a company.
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