More on: Documents Required for MSME Registration Benefits of Udyog Aadhar A large number of enterprises in India are not registered because the process involved in the registration process is sometimes cumbersome and hence the small and medium enterprises in India are unable to tap on the benefits which are apportioned to them by central and state government.

India is a developing country, and hence MSME or SSI Enterprises are the backbone of Indian economy and are also leading to economic growth at a pace which is increasing day by day.

MCA has notified stakeholders and directors of the company regarding the penalties imposed on non-filing of AOC-4 and MGT-7. These changes come with the amendment made in The Companies (Registration Offices and Fees) Second Amendment Rules 2018.

According to the dictionary meaning of "Nidhi", it means treasure, but in the financial sector, it is a mutual benefit society which is notified by the central government as a Nidhi Company.

Many government-backed schemes have made it possible for most of the Indian population to have their own bank account, but the still certain population of India do not use banking facility.

It is a company which is registered under Companies Act and attains a license from RBI to carry on business which is similar to banking services, but they are not governed by regulation which is laid down for commercial banks.

Micro Finance Company There are many microfinance companies in India, which play some crucial role in the development of India.

Five types of NBFC’s are in India based on their primary services: 1.

The problem arises when an unregistered well-known trademark is infringed, as there are no provisions protecting an unregistered trademark under Indian trademark act.

Assignment Cost Trademark Assignment Government Fees Quickcompany Pricing Before registration 900 4,099 After Registration 9000 13,499  

After the implementation of the GST taxation system on 1st July 2017, the central government has ruled out that filing the GST within time is extremely crucial.

The main criteria for GST are to improve the tax structure in India by creating one single tax collecting method.

While the GST came as a nightmare to the business tycoons, it is rather a blessing for the lawyers in India.

Overview of GSTR-3B Form The GSTR-3b form came into being along with the advent of GST in India on 1 July 2017.

The Indian manufacturers who are having annual turnovers of INR 1.5 crore are totally exempted from using the HSN code.

So, a regular taxable person would have his business anywhere in India.

Once Friday midnight in parliament, central hall GST is finally announced by the governing body.

But according to other economists, services exported outside of the India is exempted from the GST.

Being a businessman, it is a duty for to deal with such traders who will pay the taxes to the government after collecting it from you.

Goods and service tax (GST) was a landmark implementation in the taxing scenario of India.

Differences between TM Objection and TM Opposition in India S.No.

Power of Board Powers to be exercised by the Board of Directors in a Board Meeting as stated in Section 179, Sub – Section 3 of the Companies Act, 2013: The Board shall exercise following powers only by means of resolution passed in its meeting: to make calls on shareholders in respect of money unpaid on their shares; to authorise the buy-back of securities under section 68; to issue securities, including debentures, whether in or outside India; to borrow monies; to invest the funds of the company; to grant loans, or give a guarantee, or provide security in respect of loans; to approve financial statement and the Board’s report; to diversify the business of the company; to approve amalgamation, merger or reconstruction of the company; to take over a company, or acquire a controlling, or substantial stake in another company; Any other matter which may be prescribed.

How to perform a Trademark Search Anyone can search trademark for free using Quick Company's Trademark Search tool; this page shows all the Trademark Applications filed in India.

The government fee for restoration is double the Renewal Fee.

  Cost for Individuals    GOVT FEES(E-filing) QUICKCOMPANY ATTORNEY Trademark Search / Consultancy NIL   Free Rs. 5,000 Trademark Filing Rs. 4,500 Rs 6,999 Rs. 10,000 Trademark Objection NIL Rs. 3,999 Rs. 12,000 Trademark Opposition Rs. 2,700  Rs. 14,999 Rs. 30,000 Total Cost   Rs 18,000 (Approx) Rs 58,000 (Approx) Cost for Companies   GOVT FEES(E-filing) QUICKCOMPANY ATTORNEY Trademark Search / Consultancy NIL Free Rs. 5,000 Trademark Filing  Rs. 9,000 Rs. 12,999 Rs. 10,000 Trademark Objection NIL Rs. 3,999 Rs. 12,000 Trademark Opposition Rs. 2,700 Rs.14,999 Rs. 30,000 Total Cost   Rs 30,000 (Approx) Rs 58,000 (Approx) NOTE: The Government fees is one time only, provided the Trademark has been filed correctly.

To register a Trademark in India, the following documents are needed  Adress Proof Brand Image Power of Attorney Board Resolution Address Proof The following 2 Documents are acceptable as Address Proof 1.

The table gives you an idea about the government cost of OPC registration: S.no.

Types of OPC Audit Audit Requirement Statutory Audit Mandatory irrespective of the turnover Tax Audit When turnover exceeds Rs.1 crore   More on: One Person Company Regsitration Procedure in India Prohibited services Auditor can only provide those services which are allowed by the audit committee or board of directors.

Winding up of company An OPC registered in India with MCA (Ministry of Corporate Affairs) can be closed voluntarily but after two years from the date of incorporation of the company.

Minimum Requirement Must have one shareholder who is an Indian citizen and resident of India Must have one nominee who is also  an Indian citizen and resident of India Must have one director (one shareholder himself can consider as a deemed director) Minimum share capital shall be Rs.1,00,000 Registered office in India DSC (Digital Signature Certificate) obtained by the sole owner DIN (Director Identification Number) of the director Documents Required The mandatory documents required to be filed with the MCA (Ministry of Corporate Affairs) to incorporate an OPC are as follows: Sr.

Stamp duty is collected by the government which is payable for different types of documents as per the Stamp Act.

Here we discuss some important rules for the functioning of the one person company: Rule 3- One Person Company Rule 3(1): Eligibility to incorporate One Person Company or to be a nominee of the company: A natural person An Indian citizen Resident of India Note-A natural person, who stayed in India for a minimum period of 182 days during immediate preceding one calendar year, shall be called a resident of India.

Any individual who is born in India and is a permanent resident of Indian preceding calendar year (i.e stayed here for 182 days).

Every OPC registered in India with the MCA (Ministry of Corporate Affairs) as per the provisions of the Companies Act, 2013 are under an obligation to file the financial statements (except cash flow statement) and annual return.

Related: Personified Features of One Person Company in India In One Person Company shares are owned by the sole member and directors of the company.

As per the provisions of the Companies Act, 2013, every OPC registered in India with MCA shall have minimum one director which may extend to maximum 15 without special resolution.

Difference between OPC and Sole Proprietorship The below tables unveil the differences between the OPC (One Person Company) and Sole Proprietorship: Particulars One Person Company Sole Proprietorship Governing Law One Person Company prevailed by the Companies Act, 2013.

Difference between OPC and Public Company Comparative analysis of One Person Company and Public Company: Particulars One Person Company Public Company Governing Body OPC (One Person Company) is governed by the Companies Act, 2013.

Appointment of nominee Appointing a nominee is necessary by the sole member of the company who must be a resident of India.

Difference between OPC and Partnership Below table shows the comparison of two ideal entities for most entrepreneurs: Particulars One Person Company Partnership Governing Body One Person Company governed by the Companies Act, 2013.

The salient feature of One Person Company is that it needs only one founding member who is the sole shareholder and director of the company yet there are few regulations as The founding member should be an Indian born and should have stayed in India for more than one hundred and eighty-two days in the preceding calendar year.

Nationality: One Person Company only allows a permanent resident of India with an Indian nationality to form the company along with the nominee who does not allow any foreign investment or foreign MNC to invest their subsidiaries in one person company.

THE ONE PERSON COMPANY concept is newly introduced by companies’ act 2013 to encourage self-employment with a backbone of India's legal system.

Compulsory Winding up When Company did something which is unlawful or illegal then Government by force shut down the company.

Note: Procedure of winding up a company is similar for every company Incorporated in India.

LLP is a worldwide recognised business entity registered with the ministry of corporate affairs and governed by the Limited Liability Partnership Act, 2008 which limits the liability of partners and provides flexibility of a partnership.

Though, Private Limited Company is the most popular form of business in India however; you can also convert it to another business form if you wish to grow it on a large scale.

Due to the regulation of government and accordance with law, once in a year, every company requires having their accounts audited by the auditor.

As Sole Proprietorship Firms are not governed by any law.

For example – Google India Private Limited What is a Partnership Firm?