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  If you are planning to start your own business   Trade license registration   is very much essential. It is one of the most important documents required to commence a trade or a business in a particular corporation/municipal limits. Let us know what a Trade License is all about? It is nothing but a license or a certificate that gives the permission to the applicant to start a particular trade or a business in a particular area or a location. However, the license does not allow the holder to start any other trade or business than for it is issued. Moreover, this kind of a license does not pass on any kind of ownership property to the holder of the license. Trade license was introduced in the country and is being regulated through the municipal act by the state governments in the last forty years. This is to ensure that no individual or bodies are affected by the nuisance and the health hazards of any trade or business. The government has made compulsory to carry out any ...

 India is known for many start-ups.  We must have noticed that every day some of the other startups get established in our country. Due to globalization, the startup culture is showing a positive trend in recent times. This startup culture is mainly undertaken by ambitious entrepreneurs and wants to achieve something in their lives. With sheer determination and fire in their belly, many young aspiring entrepreneurs are going ahead with starting their own company is it a Proprietorship firm or a Partnership registration. A Partnership is one of the most well-known forms of the business constitution. It is owned, managed, and controlled by an association of two or more persons solely to make a profit. These forms of business concerns are popular among small and medium-based business organizations that have limited capital. They are relatively easy to form since they require only minimum formalities. Now suppose if your partnership is really doing well will you continue with the ...

  India has been recognized as one of the top start-up hubs in the world. Especially under the leadership of Narendra Modi there are several initiatives taken from the year 2016 to revolutionize the start-up businesses.Start-up India Initiative is one such program taken by Prime Minister Narendra Modi which has benefited entrepreneurs across the country. This initiative was mainly take to support the economic growth and create better and more number of employment opportunities. Let us look into the Facts and Figures of the Start-up India Initiative from 2016 till date: NUMBER OF NEW START UPS REVOLUTIONIZED 16, 578 new start-ups recognized through 499 districts 47% of start-ups started from Tier 2 and Tier 3 cities A total of 1,66,385 fresh jobs Created by recognized start-ups. REGULATION INITIATIVES TAKEN FOR SMOOTH FUNCTIONIG OF BUSINESS Exemption from Income Tax Act of Section 56 for investment raised by start-ups upto Rs.25 Cr Exemption from income Tax Act for investments raise...

  An  LLP   is a type of business entity where all the partners have limited liabilities. Each partner is only responsible for themselves and not liable for other partners’ negligence. A  Limited Liability Partnership  is most preferred by corporations.  An LLP needs to maintain its active status by regularly filing all the mandatory compliances with the Ministry of Corporate Affairs, It is mandatory for any LLP, whether running/having a business or not. LLP Form 11 All LLPs must file Form 11 within 60 days from the closure of the financial year. There is a prescribed fee that needs to be paid. This form has the following details mentioned Total number of partners Total number of contribution received from all partners Details of body corporate as partners Summary of partners LLP Form 8 It is mandatory to file Form 8 within 30 days from the end of six months of the financial year. This form needs to be signed by 2 designated partners and certified by a char...

  How often have you noticed a 14 digit registration number along with the abbreviation as ‘FSSAI’ marked on the food products that you have bought from a supermarket or any Kirana store located near your house? You must be wondering what is this ‘FSSAI’ and ‘ FSSAI license ’ number is all about? Haven’t’ You! FSSAI stands for ‘Food Safety and Standard Authority of India’. It is an autonomous body established under the Ministry of Health & Family Welfare, Government of India. The act came into effect in the year 2006 which is a consolidating statute with regard to food safety and regulation in India. The department is largely responsible for protecting and promoting public health through the regulation and supervision of food safety and standard. It has to make sure all food related business must adhere to the guidelines and regulations under the FSSAI Act, 2006. FSSAI license is basically a 14 digit registration number which is used by the food-related business and printed on ...

  When you are reading a book or any magazine published by an author you must have come across the term “All copyrights reserved”. You must be wondering what does this means and what is this term is all about? Don’t You! This blog article provides a brief overview of what  copyright  is, the rights of the owner of the copyright, how to register a copyright, and the importance of including a copyright notice on your work. What is a Copyright? An Overview Copyright is an individual’s exclusive right to reproduce, publish, or sell his or her original work of authorship. It is a form of intellectual protection of the property provided by the Indian Copyright Act, 1956. You could be a very creative person where you put forth all your ideas and thoughts no matter who you are and where you are. It could be in form of publishing a book, a script written for a movie or a play, or could be some exquisite artworks or paintings. It could also be writing lyrics or composition of a son...

An OPC company is defined as a company that has only one person as it’s a member. Such companies usually have only one founder/promoter of the business. OPC is a type of private company. Only a Natural person who is an Indian resident and citizen of India are eligible to Incorporate an OPC company in India, also it is mandatory to appoint a person who would act as a Nominee of the Shareholder. A resident of India means a person who had resided in India for a period of not less than 182 days in the previous calendar year. Here are the few lists of documents required for OPC company registration KYC requirements for directors (with self-attestation) 1.Latest passport size photo. 2.Copy of Pan card of Directors  3.Copy of Aadhaar Card 4.Copy of Voter Identity card/ driving licence/passport of the directors 5.Latest bank statement of not less than two months old. 6.KYC requirements for Nominee (with self-attestation) 7.Latest passport size photo. 8.Copy of Pan card of Directors  ...

A   private limited company  is held for small businesses and is widely prevalent among the corporate legal entities. It is the most preferred type of business entity among the Angel Investors, Banks, Venture Capitalists and other such budgetary organizations.  Below are a few mentioned documents that are required for the  Incorporation of a private company KYC requirements for  directors  (with self-attestation) Latest passport size photo. Copy of Pan card of Directors  Copy of Aadhaar Card Copy of Voter Identity card/ driving licence/passport of the directors In case of NRI or foreign national, passport copy has to be notarized at the Indian Embassy of the particular country.  Notarized utility bill of the particular country where the NRI or foreign national resides. Latest bank statement of not less than two months old. KYC requirements for the registered office Registered office proof of the company stating if the property is rented/ leased,...

  It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles It is easier to form an LLP. Formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state LLP does not have to pay tax as a separate business entity; however partners have to pay only their individual taxes. The cost involved in registering an LLP is comparatively lesser than that of a  Private Limited Company Transfer of ownership is easy. The ownership can be changed but changing the managing directors as LLP is a separate legal entity. There is no maximum limit of partners when it comes to incorporating your business as an LLP A minimum capital requirement is not needed to  register your firm as an LLP  The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the members remain safe even if the company goes bankrupt. LLP ...

  A trademark or TM is an intellectual property. It consists of a sign, design or expression that differentiates a particular product from its competitors. Here is a list of documents required for trademark registrations Documents required  Trademark copy or logo copy Details like name, address and nationality of the applicant.  State of incorporation of the company  Goods and services that need to be registered If you have already used a trademark, the date of the first use of the trademark needs to be mentioned Applicant needs to sign a power of attorney Process involved Selecting a trademark agent If you’re a business owner operating your business from India, then you’re allowed to file a trademark application. If you’re operating your business from any other place then the application should be filed by a right holder through an agent or attorney. Searching, preparing, filing and prosecution of the trademark is usually done by the agent or attorney. Filing and co...