Documents Required: All the Banks have formulated certain procedure for opening the Bank Account for a Private Limited based on the KYC norms of the Reserve Bank of India.

Registration of a company is not possible without the guidance of the Chartered Accountant or CS.

What is Share Capital in a Company?

  So, to sign the documents digitally for authentication one needs to have a Digital Signature Certificate (DSC), a digital code, which can be attached to an electronic document to verify the applicant’s identity.

However, at least one Director on the Board of Directors must be a Resident Indian. 2.

As on from 15th May 2015, a new system for the Incorporation of a Private Limited Company has been introduced.

FDI in Private Limited Company With the increase in the connectivity and alleviation of regulatory regimes, there is an increase in the globalization and flow of capital across the countries.

Statutory Company Audit The Indian Companies Act, 1956 states the true and fairness of the books of account done by a practicing Chartered Account.

According to section 139(6), the first auditor should be appointed by the Board within 30days of Company incorporation.

The requirements for Annual Filing for Private Limited Company are as follow; A private limited company is required to file certain documents with the Registrar of Company (ROC) annually.

The Company should be at least One-year-old The creditors/shareholders of the Company agree to let the company closure.

According to regulations, only non-resident entity or person staying outside India can conduct FDI in India.

Say if you want to register a company with a name Raj Private Limited company; the name will be rejected based on the fact that it is not a unique enough name and hence you will get resubmission from the registrar.

A Private Limited Company after its incorporation decides the amount of authorized capital for the company and the value of shares that they will receive in return for their investment in the company.

Stock or any security which represents ownership interest either in a private or public company is called private equity.

Private Limited Company is a popular mode for the NRI or Foreign Investors to start on with business in India.

Fail to allot security, may cost heavy fines on the company and also the subscribers /officials in the company who are at default.

It is the controlling ownership in a business enterprise in one country by a share based in another country.

Lesser Compliance Burden: One Person Company has been provided with a number of exemptions and thus have a lesser compliance related burden.

If a company with limited liability is sued, then the competitors are the one suing the company, and not its owners or investors.

There is generally lack of research conducted as it is time-consuming but, it will be of great trouble if without research you carry on your registration process and thereafter it is being objected by the TM officers for clashing with the existing marks.

Eligibility for Filing International Trademark The applicant must meet at least one of the following eligibility criterion: The applicant must be national of India.

Concessions have been provided on e-filing of forms by the Government.

Below is the list of documents that one needs for the trademark registration for a varied business type. 1.

It is also needed to be used or proposed to be utilized as a mark on related products and services and also a person who is to be given right to publish mark with or without being identified.

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

The party replaces one trademark with another offering the same goods and services.

Examples are; What are the major challenges one can face while selecting a trademark?

As per the Act, only a public company can be listed on stock exchanges.

Features of an LLP Limited Liability Partnership contains the features of both Partnership firm and Company.

On submission of the following forms along with the prescribed fee; the registry will process the form.

TM Class 45 includes services for legal services, security services for the protection of property and individuals; personal and social services rendered by others to meet the need of individuals.

You would choose Trademark Class 44 if you were registering services related to: medical analysis services, treatment of persons, x-ray examinations and taking of blood samples. artificial insemination services. pharmacy advice animal breeding services relating to the growing of plants such as gardening floral art services such as floral compositions as well as garden design Why you should not use TM Class 44 vermin exterminating (other than for agriculture, horticulture and forestry) (Class 37) repair and installation services for irrigation systems (Class 37) ambulance transport (Class 39) animal slaughtering services and taxidermy (Class 41) timber felling and processing (Class 40) health clubs for physical exercise (Class 41) scientific research services for medical purposes (Class 42) boarding for animals (Class 43) retirement homes (Class 43) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 44 may register in these other classes too.

Why you should not use TM Class 43 rental services for real estate industry such as flats, houses, villa for permanent use (Class 36) travel arranged by tourist agencies (Class 39) food preservation services, preservation services for the drink (Class 40) discotheque services (Class 41) convalescent and rest homes (Class 44) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 43 may register in these other classes too.

You would choose Trademark Class 42 if you were registering services: rendered by companies exploiting stations, bridges, railroad ferries, etc. used by the transporter. services connected with the hiring of transport vehicles.

It also covers services rendered by persons or institutions in the development of the mental faculties of persons of animals, as well as services intended to entertain or to engage the attention.

Why you should not use TM Class 40 if you were registering repair services (Class 37 - Construction and Repair Services) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 40 may register in these other classes too.

Trademark Class 39 includes mainly services for the transport of people, animals or goods from one place to another (by rail, road, water, air or pipeline) and services necessarily connected with such transport, as well as services relating to the storing of goods in a warehouse or other building for their preservation or guarding.

TM Class 38 includes services related to telecommunication which allows at least one person to communicate with another.

One can use Class 37 for all the services served in construction and repair.

One can use Class 36 for all the services served in financial and monetary affairs.

Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 35 may register in these coordinated classes too.

You would choose Trademark Class 34 if you were registering any of these types of goods: Tobacco (not for medical purposes) Smoker's articles Matches You would not use Trademark Class 34 if you were registering for: Cigarettes without tobacco, for medical purposes (Class 5 - Pharmaceuticals) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 34 may register in these other classes too.

You would choose Trademark Class 33 if you were registering for: Brandy Gin Rum Vodka Wine Spirits You would not use Trademark Class 33 if you were registering for: Medical beverages (Class 5- Pharmaceuticals) De-alcoholized beverages (Class 32- Beers and Beverages) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 33 may register in these other classes too.

You would choose Trademark Class 32 if you were registering any of these types of goods: Beers Minerals and aerated waters Fruit beverages Syrups Other non-alcoholic beverages  You would not use Trademark Class 32 if you were registering for: Beverages for medical purposes (Class 5- Pharmaceuticals) Milk beverages (milk predominating) (Class 29- Meat, Fish, Poultry) Beverages with coffee, cocoa, or chocolate base (Class 30- Coffee, Flour, Rice) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 32 may register in these other classes too.

You would choose Trademark Class 31 if you were registering any of these types of goods: Grains and agriculture Horticulture Forestry products Live animals, Foodstuffs for animals Fresh fruits and vegetables Natural plants and flowers Raw woods and cereals Molluscs Crustacean You would not use Trademark Class 31 if you were registering for: Cultures of micro-organisms and leeches for medical purposes (Class 5 - Pharmaceuticals) Dietary supplements for animals (Class 5 - Pharmaceuticals) Semi-worked woods (Class 19 - Building Materials) Artificial fishing bait (Class 28 - Games and Sporting Goods) Rice (Class 30 - Coffee, Flour, Rice) Tobacco (Class 34 - Tobacco Products) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 31 may register in these other classes too.

You would not use Trademark Class 30 if you were registering for: Salt for preserving other than for foodstuffs (Class 1 - Chemicals) Medicinal teas and dietetic food and substances adapted for medical use (Class 5 - Pharmaceuticals) Baby food (Class 5 - Pharmaceuticals) Dietary supplements (Class 5 - Pharmaceuticals) Raw cereals (Class 31 - Grains, Agriculture) Foodstuffs for animals (Class 31 - Grains, Agriculture) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 30 may register in these other classes too.

You would choose Trademark Class 29 if you were registering any of these types of goods: Ajvar (preserved peppers) Almonds, ground Apple puree Butter Bone oil, edible You would not use Trademark Class 29 if you were registering for: Baby food (Class 5 - Pharmaceuticals) Dietetic food and substances adapted for medical use (Class 5 - Pharmaceuticals) Dietary supplements (Class 5 - Pharmaceuticals) Salad dressings (Class 30 - Coffee, Flour, Rice) Fertilised eggs for hatching (Class 31 - Grains, Agriculture) Foodstuffs for animals (Class 31 - Grains, Agriculture) Live animals (Class 31 - Grains, Agriculture) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 20 may register in these other classes too.

You would not use Trademark Class 28 if you were registering for: Christmas tree candles (Class 4 - industrial oils) Diving equipment (Class 9 - computers and scientific devices) Electrical lamps (garlands) for Christmas trees (Class 11 - appliances) Fishing nets (Class 22 - ropes and textile products) Clothing for gymnastics and sports (Class 25 - clothing) Confectionery and chocolate decorations for Christmas trees (Class 30 - coffee, flour, rice) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 28 may register in these other classes too.

You would choose Trademark Class 27 if you were registering any of these types of goods: Artificial turf Bath mats Carpet/rugs* Doormats You would not use Trademark Class 27 if you were registering for: If you were registering wooden flooring (Class 19 - Building Materials) Related Classes A related trademark class is one that is related to another class; this is due to the Indian Trademark Office (ITO) has determined that applicants registering within Class 27 may register in these other classes too.