It is the act or process of entering information about something in a book or system of public records.
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GST is the product of the biggest tax reform in India which has tremendously improved
ease of doing business and increasing the taxpayer base in India by including millions of
small businesses. Tax complexities would be reduced due to the abolishing and
subsuming of multiple taxes into a single, simple system. The new GST regime
mandates that all entities involved in buying or selling goods or providing services or
both are required to register and obtain GSTIN. Registration is mandatory once the
entity crosses a minimum threshold turnover or when an individual starts a new business
that is expected to cross the prescribed turnover.
LLP stands for Limited Liability Partnership in which partners have limited liabilities. It is
a combination of Partnership and Corporation which contains the qualities of both. On
incorporation it will be issued with a unique registration number, in the same way as a
limited company. This registration number will stay the same throughout the lifetime of
the LLP, even if the LLP changes its name. The information relating to the LLP such as
name of the LLP, date of incorporation, registered office address, status of the LLP are
made available in a publicly searchable database i.e. MCA. This feature increases the credibility between the customer, vendors and investors.
Private Limited Company
Private Limited Company is the most popular form of business registrations among entrepreneurs in order to establish their empire and build goodwill in the industry. It helps to attract funding which is essential for all business to grow quickly and company have the ability to attract funding from any source i.e. angel investors, private equity firms, family, friends by way of transferring of shares or debentures. The information relating to the company, such as name of the company, date of incorporation, registered office address, status of the company are made in a publicly searchable database. This feature makes increase the credibility between the customer, vendors and investors.
Public Limited Company
Limited Company have the ability to attract funding from any source i.e. angel investors, private equity firms or any other entity by way of issuing shares, transferring shares/debentures or otherwise. In public limited Company Foreign Direct Investment is allowed upto 100% under automatic route which means any foreign entity or person can invest in company with prior approval. It is the best registration option for those want to raise the funding from the public
One Person Company
An One person Company(OPC) is effectively a company that has one member as its shareholder. A single person can form a company for any lawful purpose. It further describes OPCs as private companies. It allows an entrepreneur to run a company as a separate legal entity. OPCs can have only one member or shareholder, unlike other private companies. A unique feature of OPCs that separates it from other kinds of companies is that the sole member of the company has to mention a nominee while registering the company.
Section- 8 Company (NGO)
Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc. Since these companies possess charitable objectives, the Companies Act has accorded several benefits and exemptions to them. Such companies can function only if they have the Central Government’s license. The Government can revoke this license as well.
A trademark standardizes the product and services provided by the business entity in the market. This builds up the value of the brand such that it is easy for a customer or a potential customer to spot the company or brand in the market. It is an intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source.
IEC is popularly known as Import Export code, which is a ten digit number issued by DGFT in India. It is the primary requirement for the import into and export from India for the goods and specified services which enables the businesses to unlock the opportunities across the globe in international business market. IEC does not require the filing of any returns. Once you get your registration done, there isn’t any requirement to follow any sort of processes for sustaining its validity. Even for export transactions, there isn’t any requirement for filing any returns with DGFT.
ISO International Standards help businesses of any size and sector reduce costs, increase productivity and access new markets. For small to medium sized enterprises (SMEs), standards can help to: Build customer confidence that your products are safe and reliable, Meet regulation requirements, at a lower cost, Reduce costs across all aspects of your business, Gain market access across the world.
Copyright is a right to ownership and enjoyment given by the law to creators of literary, dramatic, musical, artistic works and producers of cinematograph films and sound recordings. It is a bundle of rights comprising of rights to reproduction, communication to the public, adaptation and translation of the work. Copyright ensures certain minimum safeguards of the rights of ownership and enjoyment of the authors over their creations, thereby protecting and rewarding creativity.
PF & ESI
EPF stands for Employee Provident Fund that is a scheme for providing a monetary benefit to all salaried individuals after their retirement. The process is monitored by the Employee Provident Fund Organisation of India. PF registration is applicable for all establishment which employs 20 or more persons, subject to certain circumstances and exemptions even if they engage less than 20 employees. Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a total amount including self and employer’s contribution with interest, on retirement or resignation. ESI or Employee State Insurance is a self-financing social security scheme in India. ESI was originally applicable for factories that employed ten or more persons. Subsequently, the coverage of ESI scheme has been expanded. Currently, any factory or establishment employing ten or more persons drawing wages of upto Rs.21,000 per month must obtain ESI registration
Shop & Establishment
The Shop and Establishment Act regulates conditions of work, lists rights of employees in the unorganized sector, and provides a list of obligations for every employer. However, this is best suited for shops all across India, every benefit making foundations, lodgings, bistros, eating circles and joints, eateries, cinemas and for all public places of entertainment.