OPC has more benefits than a private company hence any private company dealing with all sorts of businesses is applicable to convert itself to an OPC with the rules and provisions given in Section 18 of the Indian Companies Act of 2013, and the Companies (Incorporation) Rules of 2014 [CR-2014] Eligibility Criteria for Converting to One Person Company Legal Provisions related to Conversion of Private Company into One Person Company are given in Section 18 the Companies Act, 2013 read with Rule 7 of Companies (Incorporation) Rules, 2014.

Every Private Limited Company is required to cope up with the legal regulations that are imposed by the government to maintain proper data & functionality of companies in The Indian Economy.

What is the minimum requirement for the conversion The requirements stated by the government for the conversion under the First Provision of SEC 14(1) are: Minimum requirement of 7 shareholders and three directors are required Minimum Authorized paid-up capital up to five Lacs About 75% of members consent Few Amendments in the article of Association A new, unique name for the company Complete annual returns filing with the registrar What are the documents required for the conversion?

The new blood needs to be well versed with guidelines and the latest trends prevalent in India for trademark logos.

 Is the new catch phrase outlining the corporate culture in India.

Stamp Duty is a government fee for registering a company in their jurisdiction.

Cost of Registering Private Limited Company in India Nowadays, All the legal process and registration process is online now.

In the form, Attorney verifies the authenticity of the party to the government.

Government of India has made efforts my providing an online portal to apply for the same.

Hindustan Unilever, which produces desserts under the name and style of ‘Kwality Walls’ along with the support of Vadilal Industries and Vadilal Dairy International has sued, Gujarat Milk Marketing Federation Limited (GCMMF), which markets under ‘Amul: The Taste of India’ for launching a misleading TV commercial. # THE ROOTS It’s not something unusual, with the rise in the temperatures, the aggressive temperament of the dessert brands takes a front foot stepping in the house of law.

. • Total number of people who file ITRs are 6 crores • Assessees with Aadhar linked PAN are 1.08 crores # POINT IN CONTENTION Government has taken such conducive measures, • To penalize tax evaders. • To find defaulters with multiple PAN cards. • To ease the assesses of the hassle from submitting their IT acknowledgment. • To verify the real identity of the person by crosschecking the basic details. # STEPS TO LINK Step 01: go to the official Income Tax E-filing portal Step 02: Login as a Registered user.

All Companies Master Data store at Ministry of Corporate Affairs(MCA). CIN number required to search data on MCA. Only Company name required to find data on Private Platforms. Directors information, funds information, latest activities of a Company is available on Private Platforms.

The Companies Act, 2013 that looks into company registrations in India mandates that a company name should not be identical to a registered trademark.

Government aims to duplicate the numbers in next 4 years time frame under the NIDHI programme to support Start-ups.

Under the momentous leadership of PM Narendra Modi, India’s flagship program is frenetically topping the charts by making India, the first preference for IT Giants globally.

Sharks in Disguise Intrigued Indian Government The Government’s Start-up India is practically going a long way, by leaving no stone unturned.

 The Chinese government also provided protection to Trump name, in English along with two famous Chinese translations of his name.

Almost Three years ago, when Uber and Ola stepped into the Indian market, they were all pumped with capital infusion and transferred the incentives to its drivers in the form of perks and subsidies.

India being second in row after China in population has laid a master plan to break new ground for radical growth by using these ever growing figures of population hike, judiciously.

Post-Incorporation Compliances Filing of LLP Agreement Every LLP in India will be required to have LLP Agreement.

Comparison between traditional partnership and LLP (Limited Liability Partnership) Particulars Partnership LLP Prevailing Law Partnership is prevailed by ‘The Indian Partnership Act, 1932’  LLP (Limited Liability Partnership) are prevailed by ‘The Limited Liability Partnership Act, 2008’  Registration Registration of Partnership is optional; it may or may not be registered.

  Difference between Private Limited and LLP  Comparison Limited Liability Partnership (LLP) Private Limited Company Governing Act  Limited Liability Partnership Act, 2008   The Companies Act, 2013.

Act Limited Liability Partnership Act,2008 governs the provisions and compliances of an LLP, failing which penalties are imposed.

Area of Jurisdiction Limited Liability Partnership registration is governed under the jurisdiction of Central Government.

The Startup India Scheme has made a steep rise in demand for registrations of new companies in India.

  Provided that any LLP (Limited Liability Partnership) registered in India, whose turnover does not exceed to Rs.40 lakhs in any financial year or contribution does not exceed to Rs.25 lakhs in any financial year, shall not require to audit their accounts.

Since the LLP registration comes under the jurisdiction of the Central Government, the name selected should be unique and should not replicate the name of any other entity registered with MCA.

Designated Partner in an LLP A Designated Partner is a partner,  Who has a Director Identification Number He can be an individual as well as a nominee of a body corporate  In an LLP there has to be a minimum of 2 designated partners At least one of the designated partner should be a resident of India A designated partner has the same liability as that of other partners in an LLP.

Narendra Modi’s Startup India, Standup India initiative has embarked a historic move.

The government’s ideology is to tap all tax leakages and enhance its revenue source.

Shah Rukh khan too has filed applications to register trademark ‘SRK’, in almost all the 45 classes • Get a Sound Registered Yahoo Yodel was the first sound mark to be registered in India.

Apple and India have had for the longest time a peculiar relationship.

Hasty Discount Tactics The travel industry in India is known for discount strategies.

For all Other Applicants 10,000/- 9000/- *Startups: An entity recognised under Startup India Initiative.

India is already one of the biggest smartphone markets; with android ruling the charts.

Donald trump is destroying diplomatic relations with Maxico, China and now moving towards India.

You’ll be smacked with a long list of taxes ranging from Airline Fuel Charge, Krishi Kalyan Cess, Government Service Fee, Swachh Bharat Cess, User Development Fee, Passenger Service Fee, CUTE Fee and Insurance if any.

LLP Agreement Stamp Duty in India Stamp duty levied on the LLP Agreement is different from state to state.

Ownership can be transferred Number of Members Minimum one person, who has to be an Indian resident, is required to start an OPC.

Limited Liability Partnership was originated in India by way of the Limited Liability Partnership Act, 2008.

One of India’s most ambitious undertakings ‘The Make in India’ Campaign seems to be hitting it off big time for the defense sector which had been lying dormant due to decades of red tape and lack of innovation.

Every company incorporated has to follow a procedure of intimating the concerned government departments about the various activities conducted within the company from time to time.

There are various ways by which government use to promote Export products out of India.

Read on to find out about more about Geographical Indications and what makes them different from trademarks.

Excise Exemption The Government of India has exempted payment of the excise duty for MSME holders whose value of turnover did not exceed Rs. 1.5 Crore on the first day in the financial year.

The Govt. of India, too, has initiated different schemes under Central and State Government to provide a stable background to such companies.

PayPal has opposed the registration of Paytm’s mark with the Indian Trademark Registry.

It evolved like a revolution to help India attain a mark on the Global front by focusing on the top 25 sectors of the economy.

In India, copyright law is governed by the Indian Copyright Act, 1957, where section 13 of the Act lists the works in which copyright subsists.

Physical application prices increased by 25% As a part of Digital India initiative, Government is encouraging more online filings than physical filings.