Business Registration

  Company Registration

In India, company registration is also referred to as incorporation of company or formation of a business. Registering your company makes your business a distinguished entity and gives it a legal existence. The company registration process in India is done under the Ministry of Corporate Affairs. According to the statistics, nearly 7 lakh companies are registered in India and new applications are being filed every day. We take care of all legal formalities and comply with all Ministry of Corporate Affairs requirements. You can obtain a Certificate of Incorporation, as well as your PAN and TAN, once the company registration process has been approved.

  Udyog Aadhar

The Ministry of Micro, Small & Medium Enterprises has notified the guidelines for online filing of Udyog Aadhaar Memorandum (UAM), in exercise of the powers conferred by sub-Section (2) of the Section 8 of the Micro, Small and Medium Enterprises Development Act, 2006. This initiative of Ministry is a path breaking step to promote ease-of-doing-business for MSMEs in India as the UAM now replaces the need for filing Entrepreneurs Memorandum (EM Part-I & II)

  Import Export code

IEC (Import Export Code) is required by anyone who is looking to kick-start his/her import/export business in the country. It is issued by the DGFT (Director General of Foreign Trade). IEC is a 10-digit code which has a lifetime validity. Predominantly importers merchant cannot import goods without the Import Export Code and similarly, the exporter merchant cannot avail benefits from DGFT for the export scheme, etc.

  FSSAI registration

As per Section 31(1) of FSS Act, 2006 every Food Business Operator in the country is required to be licensed under the Food Safety &Standards Authority of India. The licensing and registration procedure and requirements are regulated by Food Safety & Standards (Licensing and Registration of food Business) Regulations, 2011

  Professional tax registration

You can often find the deduction for the same on your salary slip each month. Professional tax one source of revenue for the government and is used towards bettering the services for professional in that state. Thus, it is essential for every employer to deduct professional tax on salary, although there are few exceptions related to this. Professional tax in India varies from state to state. The maximum amount of PT tax cannot exceed Rs.2500 annually.

  NIDHI Company

A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs, which is also empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.

  Producer Company

A producer company can be defined as a legally recognized body of farmers/ agriculturists with the aim to improve the standard of their living and ensure a good status of their available support, incomes and profitability. Under Companies Act 1956, a Producer Company can be formed by 10 individuals (or more) or 2 institutions (or more) or by a combination of both (10 individuals and 2 institutions) having their business objective as one of the following: Procurement, Production, Harvesting, Grading, Pooling, Handling, Marketing, Selling, or Export

  Section 8 Company

A company registered under companies act 2013 or previous applicable act and has in objects to, Sports Promote commerce, art, science, education, research, social welfare, religion, charity, protection of environment or any such other object and intends to apply its profits, if any, or other income in promoting its objective, intends to prohibit the payment of any dividend to its members is called section 8 companies under companies act2013.

  One Person Company

One Person Company (OPC) has been recently introduced in India to promote business enterprises that are owned and managed by a single Entrepreneur. Corporate entities like Limited Liability Partnership, Private Limited Company and Limited Company require two or more people to partner. However, a OPC allows for a single individual to own and manage the business. One Person Company is therefore a viable option for those looking to start an unregistered Proprietorship. In this article, we compare starting and managing a One Person Company vs Private Limited Company in India.

  Gumasta

Gumasta License is a state permit required for doing business or any commercial establishment in the state of Maharashtra. It is also known as Shops and Establishment Act license and is governed by Municipal Corporation under the Maharashtra Shops and Establishment Act 1948. Generally, Gumasta license governs shops as well as commercial establishments in Maharashtra.