'Hindustan, Bharat, India' being first word should have capital of about Rs. 10 Lakhs and if these are to be used within the name then it needs Rs. 5 Lakhs.

The article below entails some noteworthy points about setting up a FDI in Private Limited Company in India.

The government of India under the Income Tax Act, 1961 made PAN generation obligatory for individuals and any form of entity while the payment of counterpart in India.

Can a government servant, start his/her own company?

Being in want for a prompt, economical and Volant dispute resolution procedure which is aided by the developing technology of the country and various economic liberalization policies, lead to the changes in the arbitration act which has been now brought into force with the hope of making India a preferred seat of arbitration because of the dampening of the old resolution system for the small and medium scale businesses who are in a fight with the large companies, business or firms.

The company registration process in India goes through a number of steps and only then the company is provided with a registration certificate after which the company can commence its business operation in India.

One should be the Resident of India Registered office located in India Digital Signatures are required of the shareholders as well as the Directors Director Identification number (DIN) of Directors will be created at the time of incorporation.

Before registering a company in India, the promoters should decide on the most flexible and viable business structure for them.

The article thus explain the how and why of Chit Funds, in addition to formalities required to get a Chit Fund business registered in India.

List of restricted names, emblems, flags (under the act) The name, emblem or official seal of the United Nations Organization The name, emblem or official seal of the World Health Organization The Indian National Flag The name, emblem or official seal of the Government of India or of any State, or any other insignia or coat-of-arms used by any such Government or by a Department of any such Government The emblems of the St.

DIN Number Registration Any person intending to register a Private Limited Company or Limited Company or One Person Company (OPC) in India needs to get a DIN number and becomes a part of Board of Directors.

Amendment of section 26 After the words "signed and shall", the following shall be inserted, namely:— "state such information and set out such reports on financial information as may be specified by the Securities and Exchange Board in consultation with the Central Government.

Value Payable System also known as VVP post, is a service from India Post that collects payment for articles sent by post from the receiver.

Services not to be rendered in the capacity as Statutory Auditor The following services shall not be rendered by the Auditor directly or indirectly to the Company, or its Holding or Subsidiary Company:- Accounting and Book keeping service Internal Audit Design and Development of any financial information system Actuarial Services Investment advisory services Investment Banking Services Rendering of outsourced financial services Management Services Any other services as may be prescribed by the Government.

The financial statements issued by the company have to be in conformity with the accounting principles issued by the Institute of Chartered Accountants of India.

Keeping all that in mind, the Government of India has decided to help innovative businesses by initiating "The Scheme for Facilitating Start-ups Intellectual Property Protection (SIPP).

If you conform to specific requirements of the Start-Up India Action Plan 2016, then here are some benefits regarding patent application you may enjoy: 80% cut in the patent application fee for start-ups – keep in mind that this fee reduction is a pilot project lasting one year, a decision on the extension will be taken on the basis of the experience gained Panel of facilitators to provide legal support and assist in the filing of patent applications Fast track examination and disposal of patent registration applications What are the benefits regarding trademark registration?

Absolute ground for refusal of Trademark registration are: Mark is devoid of or not capable of distinguishing the goods or services of one person from those of another person Mark consists exclusively or indications which may serve in trade to designate the kind, quality, quantity, intended purpose, values, geographical origin or the time of production of the goods or rendering of the service or other characteristics of the goods or service Mark consists exclusively of indications which have become customary in the current language or in the bona fide and established practices of the trade Relative Grounds for Refusal of Registration are: It is identical or similar with an earlier trademark with similar list of goods or services and there exists a likelihood of confusion on the part of the public, which includes the likelihood of association with the earlier trademark If it is identical or similar with an earlier well-known trade mark in India and the use of the later mark without due cause would take unfair advantage of or be detrimental to the distinctive character or repute of the earlier trademark.

Also Read: Trademark Infringement in India Our advice is to conduct a trademark search for the relevant classes before filling the application.

  All communications relating to this application may be sent to the following address in India: ________________   Email:______@_________   Dated at ___________ this _____ day of _________, 201_.

An application for registration of a trademark shall be advertised in the Indian Trade Marks Journal (along with conditions or limitations, where applicable).

After an introduction of Trademark Rules, 1999 single colours or combination of colours are allowed to register as a trademark in India.

The new updated policy effective from April 1, 2016 states that any service other than those exempted by the government or the local authority to a ‘Business Entity’ is liable for service tax.

Suitability If just knowing the benefits isn’t sufficient enough, there are more reasons to get your company enrolled as an LLP, especially if any of the points below holds true for you: You run a small to large scale business You are in the service industry You own a businesses where different partners have different roles to play You own businesses where the investors can play the role of silent partners while the owners are in the driver’s seat You own a Startup Requirements for Formation An LLP can be easily formed if the following requirements are complied to: Two partners Of all the partners, two should be appointed as designated partners Registered office in India At least one partner should be a resident in India Can be formed only for profit making Registration Procedure of an LLP If the points above make sense to you, or in case, if you have already made the decision of going with an LLP, one has to know the procedure for the registration of an LLP (If you would like to read the LLP registration process in detail, Read: “LLP Registration Process”) we have covered the main points below: Deciding partners Obtain designated identification number Obtaining digital signatures of designated partners Checking name availability of the LLP Applying for name approval Preparing and filing incorporation documents Obtaining certificate of incorporation Preparing and filing LLP agreement Partners in an LLP Companies that are registered in or outside India and individuals’ residing in or outside India can easily become partners in an LLP.

Now the following non- conventional trademarks (non-traditional signs) can also register in India: Pantone/color Sound Smell What is a sound trademark?

Avoiding trademark infringement indeed requires a basic understanding of the laws that govern the trademark registration and judgement.

People having the notion that lower taxes will lead to lesser revenues for the government is entirely vague.

The incorporation process creates a new legal entity through the government registration process.

In India, even though the trademark is expired, one can apply for its re-registration or renewal.

Trademark Opposition procedure in India: Any person can raise an opposition on a trademark that has been advertised on the trademark journal within 4 months of the ad having been advertised.

Registered Trademark Once a trademark is approved and registered (For more on the types of trademarks you can register read our detailed guide: “Types of Trademark in India”) it means it is legally registered and can be easily figured out as the trademark carries an encircled letter ‘R’ while in use.

Related: How to Register a Trademark in India   After considering these options, you must follow the methodologies and different approaches as listed below: The Income Approach The most crucial element on which a trademark's value is determined is the income generating power of the business.

If you are planning on registering a trademark below is a breakdown of the territorial Jurisdictions of Trademark registration Offices in India:   Trademark Offices Address Contact Person(s) Juridiction (State) Trademarks Registry, Mumbai (Head Office) 101, Maharshi Karve Road, Pratishta Bhavan, Mumbai-400 020 Ph.: 022-22030924 / 22081315, Fax : 22013694 Shri.V.Ravi, Joint Registrar of Trade Marks, Ph : 022-22013700, Fax : 022-22013694 E-mail v.ravi@nic.in Shri.G.L.Verma, Asstt.Registrar of Trade Marks Ph : 022-22058202, Fax : 022-22000069 Shri.Amar Prakash, Asstt.

  Examination Report  Time: 3 to 6 months After you have filed your Trademak Application, an Examiner in the IP India deparment will go through the application to the check for the following points.

Trademarks in India may be registered or unregistered under the Indian Trademarks Act, 1999 ('the Act').

Not all government issued intellectual property rights are equal some protect the copyrights/registration">creative works(Copyright) while other protect invention (Patent) and brand names (Trademarks) hence it is essential that you understand these complex intellectual properties extensively by a professional before obtaining it for yourself.

Treatment in India Shape marks started to get recognised in India after the TRIPS agreement was signed, and the 1999 Act was introduced.

Word Marks Word Marks are the most common types of trademarks that are registered in India.

Moreover, it will significantly reduce the paperwork as it will eliminate the complicated calculations of various taxes; thereby, creating a truly unified market in India.

Over the years, India has seen a spurt in the number of startups that have come into existence showcasing their groundbreaking products and making our lives a lot simpler.

Do not use the word "British India" as it is not approved by MCA.

Indian Residents & Citizens who has a minimum paid up capital of Rs. 1,00,000 and has one person who is the sole owner/director and also the shareholder of the Company can register a One Person Company with the MCA(Ministry of Corporate Affairs).

(if any) The Forms required for Annual Filing with RoC(Registrar of Company)   Documents E-Forms Required to be Filed Due Date of Submission Balance Sheet Form 23AC to be filed by all companies 30 days from the date of AGM Profit & Loss Account Form 23ACA by all companies 30 days from the date of AGM Annual Return Form 20B to be filed only by companies having share capital. 60 days from the date of AGM Annual Return Form 21A by companies without share capital 60 days from the date of AGM Compliance Certificate Form 66 needed to be filed by the companies which has paid-up capital of Rs. 10lakh to Rs. 5 Crore 30 days from the date of AGM Annual Filing with RoC for a Private limited Company The Corporate doing business in India needs to file certain documents with the government authorities, these are according to the Companies Act, 2013.

Register Office The Company must have a registered office address within 30 days from the date of incorporation and as and when required so that necessary documents can be exchanged with the company by authorities like Registrar of Companies, Reserve Bank of India etc.

NRI & Foreign Nationals Foreign Nationals and NRI's are not applicable for operating an OPC in India A Private Limited Company can have a Foreigner/NRI as a shareholder in the Company.

To be an investor or member of an LLP, the foreign nationals need to get prior approval of the Reserve Bank of India.

For registering an LLP (Limited Liability Partnership) in India, DPIN is needed.

To register a Limited Liability Partnership you need to be an Indian National with a minimum of two directors and a minimum of two shareholders .

What are the requirements for Annual Filing of a Foreign Subsidiary in India?

Often closure is lead by the court when the LLP has acted against the integrity and sovereignty of India or violated the security of the State.