Avail The Key Factors Of Import And Export Code

Are you looking forward to avail the import-export code for your business? If yes, then we can help you to understand the key highlights of the import-export code. In this article, we will try to cover everything you ever need to know regarding the import and export business and how to apply online for its registration. Let’s, first of all, discuss what import and export code is?

What is import and export code or IEC?

Now, all the businesses that will ever engage with importing and exporting of any kind through the countries will mandatorily require to have an import and export code or IEC code which is just a short abbreviation.  This import and export code or IEC code is a unique 10 digit number that you will be using while importing or exporting of any goods or services through overseas.
When you go through the IEC Registration process, the IEC is granted by the director general of foreign trade. It will be under the ministry of the commerce and industry. The importers will not be allowed to proceed without this IEC Code. This 10 digit number will give you a validity that is permanent when issued once. This is one of the registrations that would not require any re-registration after a certain time period. 

Some of the key features of IEC registration 

• It is valid for a lifetime

Once you issue an IEC code after getting an IEC registration, it will remain valid for lifetime. It has no expiry date or a certain term period after which you had required a re-registration. An IEC code is valid throughout the nation and for all the factories and each branch of the company or respective organization.

• It is required by the Importers

All the importers that wish to import goods in India will need to have a valid import export code. This import export code must be mentioned in all of the relevant or the necessary documents when running your import business. The bankers that you will deal with for any monitory transactions abroad will need you to have a valid IEC registration in order to make any respective transactions.

• It is required by the exporters

All the exporters that wish to export any goods outside of India will need to have a valid import-export code. The mention of this import-export code is mandatory in all of the necessary and relevant customs law documents. The bankers will also require a valid import-export code through an IEC registration when there will requirement of any monitory transactions through them from your respective customers.

• There is no need for any return filing

There is never a need for the renewal or re-registration of the import export code, there is also no need for any periodic filing of any returns with respect to this import-export code.

• The import-export code for a individual

This import export code need not be only for any registered business. It can simply be for any individual also. So there’s no such restriction for sole proprietors.

• It is processed quickly

You don’t exactly require to submit any proofs for the purpose of import or for export. The IEC registration is completely an online process and would not need any IEC physical intervention.

Basic documents required for IEC registration- 

• Your passport sized photographs.
• A self-attested copy of pan card number of all of your directors, your partners, and proprietors.
• Residential proof of all the directors, your legal partners, and proprietors.
• A copy of PAN card number of your business or any respective entity, if you have any.
• A cancelled cheque for bank reframes and valid details.
  

Step for the Procedure of IEC Registration 

• Fill in the application form,
• Collect you prescribed list of required documents,
• Verify your documents to be correct,
• Submit the IEC registration application along with the required documents,
• And done! Your IEC registration is complete, you will be allotted your IEC or import export code.

These are the basic steps that you may follow while you are applying for the online IEC Registration. In case you are having doubts then you may call anytime on our helpline number. Swarit Advisors is a leading consulting firm where experts are 24/7 hr are available at your end. Get in touch with us whenever you need.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/30/avail-the-key-factors-of-import-and-export-code/

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Why Do We Must Opt Trademark Registration In India?

The trademark registration in India gives protection against the intellectual properties that are in the form of symbols, words or logo representing their respective brands and companies and their activities. A trademark is basically an expression that is unique to the company as it distinguishes itself from similar counterparts.

The trademark owners have an exclusive right once they get the trademark registration done. There are several classes or categories for trademark registration, a total of 45 to be precise. Here in our blog, we will discuss about the online procedure of trademark registration in India.

Trademark Registration Procedure Online 

• The filling of the trademark registration application form –

The first step for trademark registration is filling an application. The form will ask about certain details regarding what the trademark is to be registered for, and in what form you want your trademark to get registered.

• Preparation of the requested documents required for the trademark registration application.

For that you will need the following:-

1. The name of the applicant.
2. The type of business you run or are planning to run.
3. The main objective behind your business activities and the way of operation.
4. The name of your respective brand, or the chosen slogan you wish to trademark or a brand logo.
5. The address of the registered office of your business.

• Trademark Search

The next step comes of searching for your trademark. An availability check must be run in order to confirm that the symbol or logo or any words that you want a trademark registration is available, and has not already been registered by anyone else. In case, your idea is already taken, try modifying it so that there will not be any objection in the future while registering.

• The selection of the class

As discussed earlier, there are 45 classes to choose from for trademark registration. The classes are based on the type of the business you run or the activities of your business is about.

• The trademark application filing

You have your trademark search complete and also you have your trademark registration application ready at this point, so now you can easily file it. Once you have filed your trademark registration application, you will be provided with a trademark number by the department of the trademark. This trademark number will be important as it will help you to track your registration process. This filing of the application takes about 2 days.

• Now you reach the stage of Vienna classification or codification

At this point, the patent registrar involved with the registration of your trademark will affix something called a Vienna codification. This is an international one and in your tracking process will give a status saying “trademark registration application sent for Vienna classification”

• Now comes the time for examination of your trademark

The trademark officer will run an examination for your trademark registration application through the certain procedural guidelines. Now after the verification and review, the officer may or may not accept your application. If your application is accepted and approved, your job is done.

• In case your trademark registration application is rejected then you may apply for a hearing in which you may reason with the officials. In case they are satisfied you will get your approval while in case the things don’t go in the progressive direction then you can take another step of reaching out to the appellate board of intellectual properties for another hearing.

Here our trademark registration procedure is complete.
Once you get your trademark registration certificate you can then put the TM symbol next to your brand or logo or whatever you have gotten your trademark registration for. For more insight details you may anytime contact Swarit advisors which is a renowned consulting firm where our professionals are 24/7 hr available to help you in every possible way. All you have to do is to dial our number or email us so that we can revert you back immediately.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/29/why-do-we-must-opt-trademark-registration-in-india/

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What Are the Steps to Apply For Online FSSAI Registration in India?

Do you know what FSSAI license registration in India is all about? Well, in case, you are someone who deals with food of any kind then you really need to know everything about FSSAI license and registration.

The FSSAI is an association made by the government and it’s a short abbreviation for the food safety and standards authority in India. As a food business operator, it is mandatory to get FSSAI registration. If you run a food business of any kind and haven’t got an FSSAI registration then you will be liable for penalty or fine. It is illegal to deal with any business related to food without FSSAI registration. Now when you are aware of what food license is and what FSSAI registration is, we will move ahead to learn the basic steps that you can easily follow to apply for the FSSAI Registration.
The steps of FSSAI registration

• You can do the registration yourself online, it’s not that difficult but you can also reach out to consultancy firms such as Swarit Advisors, where experts will either guide you through the step-by-step registration process or just ask you about some basic details and will start the registration process for you. So contact experts and discuss what you need to do next.
• The second step is the document preparation. There is a prescribed list of documents that are required to be submitted along with the application for FSSAI registration.

The basic list is as below –

1. In case you are a proprietor, you need the identity proof and the address proof of the location from where you run your food business.
2. A list of the food items that you either use or intend to use in your food business. You must pick an appropriate food category also.
3. A complete layout or a blueprint of all the manufacturing machines and plant and the way you will produce food products as well as the distribution facility of your food product.
4. The name of your business.
5. A report of the analysis of your food products.
6. The source of the raw material you use for the food production.
7. And NOC from the municipal corporation.

• Pay one year term of FSSAI registration government fees.
• Now that you have done enough preparation and collected the required documents and details, you may now file for the FSSAI registration application. Start by drafting it first.
• There will be next follow-ups with the department of the FSSAI, they will review your application and inspect your way of operations.
• Once all the review and follow-up is done, your application will get approved and you will be granted with an FSSAI registration The FSSAI certificate will come with an FSSAI registration number. This number will be of 14 digits absolutely unique to you only and is a means of getting any knowledge and information about your business functions. This certificate and the number must be on a display in your registered office by law. Along with that this FSSAI registration number must be printed on all the packaging of the food products that you sell.
  

Let’s look at the list of individuals that are eligible to get an FSSAI registration.

• The hotel owners, restaurant owners.
• Those who have food chain business.
• Those who are into manufacturing of the food products and packaging.
• Those individuals who sell and resell food products. (Retailers)
• Those individuals who are involved in the import and export of the food products.
• The individuals supplying raw material for the production of the food products to be sold in a to the food businesses.
• Any operators of the canteens and messes in the big organizations and those who are into catering for the lunches to the government offices and organization.

Now we hope that you are very well aware of the very basics of FSSAI registration. So in case, you are running a food business or planning to run any food-related business of any kind, don’t forget to get your FSSAI registration either by yourself online or with the help of any agency that does these kinds of registrations. You can contact Swarit Advisors through our helpline number or mail us so that we can reach you as soon as possible.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/28/what-are-the-steps-to-apply-for-online-fssai-registration-in-india/

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Online FSSAI Registration in India

The FSSAI Registration is a short abbreviation of the term food safety and standards authority of India. It’s an Indian authority that deals with the standardization quality of the food products for safety for consumption. Getting an FSSAI Registration is a mandatory requirement for all the people involved with the food business. The manufacturer, the seller, the transporter, the vendor and importer of the food products. Every single one of them compulsorily requires get an FSSAI Registration. When you get an FSSAI Registration you will receive an FSSAI Registration certificate and an FSSAI Registration number. This number is a 14 digit number that recognizes you as a registered food operator. It remains unique to you and has the information to recognize you as a member. Once you have this number, it must be displayed in your office and all your packaging of food products. The FSSAI Registration can easily be done online by yourself and in case you feel clueless about it, you can always approach some agencies that will do the job for you without much of a hassle. The FSSAI Registration is done either centrally or locally (state Registration). The online registration can be done online while at the state level you may have to do it offline and physically.
What things you should keep in mind while going for “FSSAI Registration”?

• Get an eligibility consultation to know if you are eligible for the Registration and what else you need in order to get one.
• Preparation of your prescribed list required documents to go with the application for FSSAI Registration.
• Making a draft of your application for FSSAI Registration.
• File the application for FSSAI Registration.
• The government fees to be paid for the registry.

Now have a look at the procedure of FSSAI Registration online

• Just complete the form which is very easy and you have to fill in basic details about you and the food operations you conduct or are willing or planning to conduct with an FSSAI Registration at hand.
• Attach the documents with the application.
• About the application though, it has a form A and a form B. Create them and fill them which will take 2 days
• Now all the things ready for submission for FSSAI license Registration with the declarations which are to be filed with the local FBO by a charted accountant. This particular arrangement could take about 10 working days.
• Your license will be issued soon and have your declaration form ready and last thing being an authority letter.

How Can We Help You To List Your Documents?

• Copy of the property papers, if you own the property. In case you don’t give in the NOC from the property owner whose property you have rented for your business conduction along with the rental agreement.
• The recent utility bills of your workplace like the water bill or electricity bill.
• A copy of your Aadhaar card or its number or any other proofs like a voter card or copy of your passport.
• Nomination of the persons by the food operator company along with the resolution of the board.
• Additional documents from your manufacturer.
• A layout or a blueprint of your processing unit if you manufacture food products.
• A list and the categories of the type of foods you are going to sell.
• A report on the amount of pesticides residue there is in the water you use.

We at Swarit Advisors are always ready to help you to list your documents anytime when you contact us to get immediate assistance. We have step-by-step implemented online procedure with the help of which you can get your FSSAI/Food Registration done in India. Our helpline number is 24/7 hr available for you, you can also drop us an email so that we can get in touch with you.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/25/online-fssai-registration-in-india/

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Protect Your Uniqueness With Trademark- Get All Info You Want For It

A Trademark is generally a recognizable design, signature or a statement of expression which helps us to identify a particular product or services associated with it. This helps us to differentiate one brand of product from the other. Thus in the common language, the trademark is also known as the brand or logo of the organization that manufactures that product.

The trademarks are the most important aspect of a business and they are amongst the most valuable assets of the business. The trademark needs to be registered in an official manner and the entire procedure needs to be followed. The Trademark Registration can be done by an individual, an organization or any other legal entities. They are often used as a symbol to remind us of the entity that they are associated to. Also, all the trademarks have to be registered under the Trademarks Act.

Go Through the Advantages of Trademark Registration

• They give the owner the exclusive rights to the use of the mark, subjected to the goods or services for which they have been registered under the Trademarks Acts. Anyone else using it can be severely penalized at legal grounds by the proprietor of the trademark.
• It is a way of providing your work a security to not be used or imitated.
• It is the most valued asset of the business as it is their sole legal intangible property.
• Trademark Registrations helps the other business of same trade not to use your trademark or similar or identical to yours to give you and assure you the uniqueness of your trademark
• A registered trade can be transferred from one person to the other irrespective of the business transfer.

Have a Look at The Procedural Steps for Trademark Registration

The Trademark Registration procedure in India is generally a five-step procedure which includes the following steps:

• Filing: The first and the primary step is to file the application for the registration, which can be filed in a different class, the single class or multi-class.
• Examination: The second step is to examine the application filed. This is done in the time period of 3 months to 1 year from the date of Registry of Application depending on the backlog of application. The application is examined by the Registrar in accordance with the terms and laws under the Trademarks Act. The application may be accepted or refused as per the Act which can be done on Absolute Grounds or on Relative Grounds as per the provisions of the Act.
• Advertisement: After the stage of Examination and on approval of Registrar for the same, the application is now made published in the journal which has all the trademark-related information and is called in general the Trademark Journal. This is done in order to inform the public that if they have any opposition for the trademark they can file an opposition in order to stop the application for the Trademark.
• Opposition: In this, the person who is having an objection can file a legal objection for the concerned trademark and if the opposition holds good the application for registration is refused.
• Registration: If the application does not receive any opposition then it is assumed to be in favour of the applicant and the concerned application is registered and the trademark is now accepted to be a registered one and a certificate of Registration is sent for the same.
• Renewal: All the registered trademarks are to be renewed over a period of 10 years from the date of Application of Registration and Certificate of Registration.

In case you need to hire a professional to get your Trademark registration done then you are at right platform. We have the best specialists at Swarit Advisors who have experience in handling any issues occurring during the online legal process. We not only provide step-by-step solutions but also the benefits and solutions and clear your doubts about anything that you require.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/17/protect-your-uniqueness-with-trademark-get-all-info-you-want-for-it/

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How To Avail NBFC License In India With The Help Of Professionals?

A non-banking financial company (NBFC) is an organization which is enrolled under the Companies Act of India and is occupied with the matter of credits and advances, obtaining of shares, stock, securities, debentures, bonds issued by the government. However, it excludes any foundation whose primary business is that of agriculture activity, industrial movement, deal or purchase of immovable property.

Nowadays, NBFCs are eminent in an extensive variety of activities like equipment lease finance, hire purchase finance and consumer finance. The significance of NBFCs lies in conveying credit to an unorganized sector and to the small borrowers. NBFCs over a period of time have also entered into the mainstream of money related segment and have set up themselves as supplements of the banking industry.

What Is NBFC Under RBI Act 1934?

Part IIIB of the Reserve Bank of India Act 1934 oversees the arrangements identifying with a Non-Banking Financial Company. The Non-Banking Financial Company has been characterized in clause (f) of Section 45-I of the Act which means non-banking institution which is an organization and which has its primary business of receiving deposits & lending of the money, under any plan or schemes etc.

In this post, we will talk about NBFC Registration in India. The financial segment of India involves the commercial banks, as well as non-banking financial companies (NBFCs). These elements offer an extensive variety of financial administrations like chit-funds, and loans, etc. which functions uniquely in contrast to banks. NBFCs are essential to the economy, particularly in a developing nation like India where 70% of the population lives in provincial zones, and has consistent need of short and long-term finance.

Know the Requirement of RBI for NBFC Registration

According to the Reserve Bank of India and the most recent amendments under the Companies Act, an NBFC is an organization which is registered under the Companies Act, 2013 occupied with the matter of giving loans. It likewise incorporates an organization with the prime goal of receiving deposits and lending money in either small installments or one lump sum amount. It does exclude any organization which is carrying industrial or agricultural activity buy or sale of any products aside from securities, or any ardent property.

How Can We Apply For NBFC Registration With RBI?

The requirements for an NBFC to get a permit from the Reserve Bank is that it ought to be an organization enrolled under the Companies Act and must have a net owned assets of Rs 200 lakhs. If these conditions are fulfilled, then at that point you can fill an online application to RBI in the prescribed format with all the required documents. The application for NBFC Registration ought to be finished and all the required documents must be submitted in all respect.

Once you submit the application for NBFC Registration, RBI will investigate the documents on all grounds and after being satisfied with the best possible consistence with the proper compliance and rules and regulations, it will issue your NBFC License with the certificate of the commencement of your business.

What Do We Need To Know About NBFC Registration?

Prior, all the NBFCs were subjected to strict government necessities, for example, the Fair Practices Code (FPC) and hostile to illegal tax avoidance, bringing about an additional consistency load. Under the Revised Regulatory Framework, 2014, those NBFCs that were having customer interface are required to meet the government requirements. Additionally, the RBI has likewise permitted non-deposit taking NBFCs to apply independently for enrollment so the processing can be optimized.
You may anytime contact Swarit Advisors in order to get complete guidance and profound solutions for your registration process.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/16/how-to-avail-nbfc-license-in-india-with-the-help-of-professionals/

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What Are The Advantages Of Limited Liability Partnership In India?

Limited Liability Partnership is a form of legal entity in which all the partners or some partners have limited liabilities. It is run by partnership and cooperation between the partners. Each partner in the LLP has a liability and no other partner will be responsible for his liability or his misconduct and negligence of work.

What Are The Benefits of a Limited Liability Partnership?

• The internal structure of a LLP is less complex and easy to organize in comparison to a company.
• You can have any number of partners and there is no legal maximum number of partners required for a LLP however obviously the minimum required number is 2.
• The fund raising and utilization is completely dependent on the partner’s will and say. However they have to follow the rules of Companies Act 2013.
• You can save your amount of Dividend Distribution Tax, as you do not have to pay it for LLP while in case of company it’s compulsory.
• It’s very useful for professional like the Doctors, Advocates, Chartered Accountant and Engineers to register themselves as LLP.
• There is no such minimum amount of capital that is required to start a LLP unlike a company which requires certain fixed minimum funds to be invested.
• There are no compulsory audits required unlike companies where regular audits are mandatory.

What Are The Disadvantages of a Limited Liability Partnership?

• The LLP cannot raise money or funds from the public.
• The act of one partner without the consent of other partner may bind the LLP.
  

How Can We Apply to Register For a Limited Liability Partnership?

In the first step is to get the digital signatures of all the partners. And all the partners need to apply for the DIN i.e. Director Identification Number which is mandatory to become a partner in the Limited Liability Partnership. You must then apply for the approval of the name of the LLP. And then get the Certificate of Incorporation from Indian Registrar of Companies as it is a proof of registration. After this you must then apply for the PAN (Permanent Account Number) of LLP. And file all the related documents of the LLP and also apply for current bank account which is a mandate.

So what are you waiting for? If you have any doubts or further queries then don’t hesitate to get in touch with us, we are the leading firm who offers reliable online legal processes. All you need to do is to dial our mentioned phone number on the website of Swarit Advisors and we can help you to get your Limited Liability Partnership Registration done without any errors or problems.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/14/what-are-the-advantages-of-limited-liability-partnership-in-india/

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Composition Scheme under GST

With the Goods and Services Tax system, that was introduced in India in 2017, all other forms of  indirect taxes that include central excise duty, service tax, additional custom duty tax, surcharge, state-level VAT   and Octroi – all of them got abolished at one go. GST is applicable on all types of transactions involving goods and services including sale, transfer, purchase, barter, lease and import. One of the main advantages of GST is that the GST registration procedure has been simplified and can be done online from the official GST portal.

All small business units or taxable persons whose annual turnover is less than 1 crore can opt for the GST composition scheme for GST Registration in India.  For the North-eastern states and Himachal Pradesh the limit is Rs. 75 lakh. The main benefit of the Composition Scheme is that the business unit needs to follow lesser compliances like returns, invoices etc; have limited tax liability and high liquidity with lower tax rates. In this case, the taxpayer cannot raise a tax invoice which means that he cannot charge tax from his customers – he has to pay the tax himself and thereby raise a Bill of Supply.

On the other hand, for businesses that are not registered under the Composition scheme can carry out inter-state trade nor can they take input tax credit. These composition taxpayers are not eligible for supplying GST exempted goods or any other goods through e-commerce platforms.  Taxable persons that cannot avail the Composition scheme are –ones who supply exempted goods, supplier of services, manufacturers of ice cream, pan masalas and tobacco, non-resident taxable persons and business that sell via e-commerce.

How to apply for the Composition Scheme?

All taxpayers who are eligible for the Composition Scheme can do so from the GST portal for GST Registration. The taxpayer needs to inform the Government at the beginning of each financial year that he wants to opt for the Scheme via and apply the GSTCMP-02 application.
The words ‘composition taxable person’ needs to be mentioned on all Bills of Supply as well as on all notices and signboards and need to be displayed at a visible location at the place of business.

Application process for the Composition Scheme

The CMP – 02 is a form that needs to be filled up by a taxable person who wants to opt for the Scheme during the middle of the financial year. The rules of the scheme in this case apply from a month prior to filling up of the form.
TheCMP-02 needs to be filled up at the GST Registration online site.

1. Log in to the GST official website
2. Select Services and then select Registration. Under this click for Application to Opt for Composition Levy.
3. Tick on the Composition Declaration and Verification after reading it thoroughly.
4. Select the Name of Authorized Signatory and enter the place. Click on Save button.
5. Submit the application with the Digital Signature Certificate.
6. A pop up with a warning will show up. Click proceed.
7. The application is now submitted and an acknowledgement will be emailed and smsed to the registered email id and phone number.

The composition taxpayer needs to file GST CMP-03 within 3 months. The form details out the stock held by the taxpayer at the time of opting for the scheme.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/13/composition-scheme-under-gst/

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What Do You Understand By MSME And How Is It Beneficial?

The abbreviation MSME stands for Micro, Small & Medium Enterprises which are run and governed under the MSMED Act, 2006 which implies Micro, Small & Medium Enterprise Development. These enterprises are easier to run than large company structure to be followed. The MSMEs are generally of two types which are listed below:

• Manufacturing Enterprises: 

They generally produce or manufacture goods that are specified in the first schedule to the industry or they add value to the process of value addition of the product that is finally made. They can further be classified on the basis of money invested into the plant and cost of machinery involved.

• Micro Enterprise: The cost of investment is less than INR 25 Lakhs.
• Small Enterprise: The cost of investment is between INR 25 Lakhs to 5 Crores.
• Medium Enterprise: The cost of investment is high that is between INR 5 Cr to 10 Crores.

• Service Enterprises:
This type of enterprise is involved in giving services to the customers and there are no such final products but the ultimate services provided. They are further classified on the basis of Investment of equipment, and they are as below:

• Micro Enterprise: The cost of investment is less than INR 10 Lakhs.
• Small Enterprise: The cost of investment is between INR 10 Lakhs to 2 Crores.
• Medium Enterprise: The cost of investment is high that is between INR 2 Cr to 5 Crores.

Avail The Benefits of MSMEs Registration In India

Once you are registered for MSME, there are various benefits that you can avail from the government and some of them are listed below:

• If you are registered MSME, it is going to help you to get easier loans from the banks. Not only are this, the rate of interest on the loans lesser for the MSMEs. You are relaxed from the excise duty taxes under the Direct Tax Laws and statutory support and apart from this you also get relaxation on Delayed Payments Act.
• The state government and Union Territories also provide certain facilities like tax subsidy, power tariff subsidy apart from the central government benefits provided to MSMEs.

Documents Required for MSME Registration:

• The person applying for the online MSME Registration must have PAN Card and Aadhar Card.
• If the corporate entity is a partnership firm or a company they the partner or director should have Aadhar Number
• The applicant should have a mobile number and E-mail ID which will be registered and used for further communication.
• The number of People employed in this firm for which registration is being filed.
• Rent Agreement of the business place.
• The Declaration Form from the director for the amount of Investment in the business.

Get Experts Help To Follow MSME Registration Process Online

• This process can be done completely online however you need to the fill up your application and get the required approval from the various departments if required.
• The process simply asks you to file one registration application to the respective government according to the laws and regulations.
• Apart from the application the applicant needs to provide personal details like Aadhaar number, the name of the applicant, category, gender, the name of the enterprise, mobile no, email id, PAN number, date of commencement of business, rent agreement of business place, Bank details, main business activity etc.
• The usual time taken to get the MSME Registration certificate is 3 to 4 working days from the day of completion of all documents.

So, here in our blog, we have shared the basic advantages and the MSME/SSI Registration procedure but in case, if you need the help of professionals then we welcome you at Swarit Advisors. Swarit Advisors is the leading top-notch firm known for offering reliable legal registration services to its customers in India. We have skilled experts who know how to prepare your documents to get registered for MSME enterprise. Don’t hesitate, feel free to contact us anytime 24/7 hr on our phone number or drop us an email.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/11/what-do-you-understand-by-msme-and-how-is-it-beneficial/

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How To Trademark Your Brand Name And Logo With The Help Of Experts?

Would you like to trademark your brand’s name and logo but need the help of professionals who can assist you all the way? If yes then you are at right platform reading the blog where we have tried our best to deliver the correct and precise information at your end. Trademark Registration ensures your brand and business against legal difficulties that you may face. This incorporates unlawful utilization of your trademarked material or your brand’s name and logo. In this article, we will demonstrate you generally accepted methods to trademark your brand name and logo to protect your business.

Why Would You Need To Trademark Your Brand Name and Logo? 

If you are working broadly over states and plan to develop your business further, then at that point it turns out to be extremely vital to enroll your brand name or business name being trademarked. Trademark Registration in Mumbai enables you to prevent others from utilizing the same or comparative business name without your consent once you register. You can get selective appropriate rights to utilize your trademark for your business. It also makes you in-charge of implementing the trademark. This implies that if in case, you discover somebody encroaching your rights, at that point you can send them a cease letter and make any legitimate move if required.

Now Let’s Know More About What Is A Trademark? 

Trademarks can be referred to as word marks, business names, images, audios, or anything that recognize your products and services from others that have been fabricated or sold by the third party and to indicate the source of the merchandise.

In simple words, this can be your business logo, name, brand mascot, or your product name. Make sure that you can’t enroll your own particular name as an individual brand except if it is genuinely exceptional and generally perceived, for example, Johnson and Johnsons, and so on. Registered Trademarks can’t be utilized, as it enables you to secure your image and brand name against impostors utilizing comparable names to deceive your potential customers worldwide.
If in case, you have effectively enlisted your business in your state, then at that point this doesn’t consequently secure your business name as a trademark. Truth be told, somebody can enlist the same or comparable name as a trademark and possibly prevent you from utilizing it.

Understand the Procedure To Apply For a Trademark Registration

To start with, you have to comprehend what you can submit as a trademark in your application. Have a look at the below mentioned points that should be kept in mind before applying for Trademark Registration:-

• You can’t present a name that another person is now utilizing as their trademark,
• Your name must not be too much comparative or similar to the current trademark,
• It should be unique and not very generic,

Next, you have to go through an exhaustive hunt of the current trademarks who are already utilizing the name that you want. So, you must track through Trademark official website.

You must check the trademark database as this step is extremely vital and it can save your cash if in case, another person has effectively enlisted or already applied for the similar name for the trademark. If you find that the trademark isn’t registered, then at that point you can simply go ahead and apply for the trademark by going through the online procedure. You can either take the help of professionals or call us at Swarit Advisors, so that we can assist you in preparing the documents and guide you step-by-step for Trademark Registration.

Enforce Your Trademark

Once you are done with the Trademark registration process you will now be responsible to protect your brand name or logo against any infringement. Because after registering your business name, nobody else could utilize the similar trademark for their business. You can also include the trademark protection in your website of the company in order to let peoples know. If in case, anyone tries to steal your brand name or logo then you can send them a cease letter to avoid any further legal process. We hope this article would have helped you in learning the basics of the trademark. For more details, you may contact us anytime through a phone call or drop us an email.

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How To Apply For Company Registration With The Experts Guidance?

Are you willing to enroll for a startup or a new business in India then you must follow some official procedures to register them? You can apply for company registration in India, as MCA (service of Corporate Affairs) has made the registration procedure online a couple of years back, it would be ideal if you find underneath the best way to approach these procedures when you need to register your company.

You need not to visit the nearby corporate office, you can simply apply for online Company Registration with the help of professionals who can guide you with step-by-step procedure. We will assist you in getting a legitimate permit for your business. The Company Registration procedure incorporates some necessary steps and few legal rules and regulations that are to be followed. Such as Digital Signature Certificate (DSC), Director Identity Number (DIN) and petitioning for an e-form are to be done initially.

Private Limited Company Registration, is the best corporate structure to begin your organization. It can be enrolled with at least two individuals and its most extreme limit is with two hundred individuals. Since the private limited company is juristic, and the obligation of individuals is constrained to their shares. The Registration for the private limited company can be enlisted within 7-10 days. A private organization must hold board meetings and must file their annual returns with MCA (Ministry of Corporate undertakings). The Private limited company has more validity than an LLP or general partnership firm. Financial speculator and investor like to put their resources and investment into a private limited organization. Consistently about 100,000 organizations are enlisted in India every year.

What Is Required for Company Registration?

• PAN and TAN,
• DSC and Director Identification Number (DIN),
• Corporate Identification Number (CIN),
• Organization Name Reservation – RUN one Attempt,
• Articles of Association (AOA) and Memorandum of Association (MOA),

It’s important to get register your company to maintain your business without any issues. India is a place that is known for fresh chances to succeed, regardless of, in which field your business is working the odds of getting an achievement is high, so it simply needs a beginning. Starting a business enterprise in India would bring you an awesome achievement. Decrepit this post earnestly till you fuse your last claim for your startup organization. We can assure you that you will wind up in registering your company by following our methodology.

Know The Essentials First: What is meant by Company?

In India, every month around 7 lakhs companies are enlisted and consistently a huge number of firms apply for their registration. As we know that company is a legal entity and as per the Section 3 of Companies Act 1956 it implies that once you are done with Company Registration in India then a legal entity has been formed. Under the ministry of corporate affairs, each organization is to be enrolled by the registrar of the company. There are two sorts of organizations known as private and public organizations. The term “limited” is usually utilized for corporate format the end of the name of the company. Initially, you must be aware of what these public and privately owned businesses are, and then choose how you need your organization to get registered for.

What Is The Basic Difference Between Public & Private Companies?

The main contrasts among Private and Public organizations are as follows:-

• The minimum number of shareholders that are required for a privately owned business is two and whereas for a public organization must be seven.
• A privately owned business can begin its business when it is consolidated but on the other hand, a public organization should not begin their business until it gets business commencement certificate.
• Privately owned business shouldn’t sell its shares to anybody or should not make any welcome to individuals in terms of company shares, whereas, on the other hand, a public organization can welcome individuals to get their shares by issuing a plan.
• Privately owned business may have two directors, but a public organization must have no less than three directors.

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Annual Filing For A LLP, Get To Know With Us What To Do, How To Do, And Why To Do!

Limited Liability Partnership is a form of corporate entity wherein all the partners or some partners have limited liabilities. It is purely based and run upon the partnership and cooperation between the partners. Each partner in the LLP has a fixed defined legal liability and no other partner will be responsible for his liability or his misconduct and negligence of work. This form of partnership is different from a traditional partnership in which each of the partners has joint liabilities. Here in our blog, we will discuss the form that is required to apply for Annual Filing of LLP.

In a Limited Liability Partnership, all the partners have limited liability which is almost similar to the stakeholder’s incorporation however in an LLP, the partners have the right to manage the business directly which is not given to the stakeholder’s incorporation. This brings the need for the board of director incorporation. Also, the tax liability of an LLP is different from that of the corporation.

Why do we Require Annual Filing For Limited Liability Partnership?

All the Limited Liability Partnership in India is registered under the Limited Liability Partnership are required to apply for Annual Filing of LLP every year the statements of Account & solvency which is filed by submitting Form 8. Also, they need to file every year the Annual Return that is Form 11.
All the LLPs that are listed in India should file their Annual Return over a period of 60 days from the end of the close of financial year and Statement of Account & Solvency in a period of 30 days beginning from end of six months of close of financial year. For the LLPs it’s a mandate to maintain their financial year beginning from 1^st April and ending on 31^st March, which is not a mandate for any corporate entity that is registered as a company.

So the Annual Filling for LLP includes submission of annual reports and Statement of Accounts & Solvency. This requires the filing of Form 8 and Form 11 every year. 

Form 11:
This form is required by the LLPs to fill which has the details of the number of partners, total contribution received by partners, details of partners, details of body corporate as partners. All LLP in India are directed to file this form over a period of 60 days from the end of the financial year. The fees for this form has to be paid along with the filing to complete the procedure.

Form 8:
This form is to be filed with 30 days from the ending of the 6^th month of the financial year and the required amount of fees has to be duly submitted with the form itself. This form has to be verified and digitally signed by at least 2 partners and then it should be certified by a chartered accountant or cost accountant or company secretary. Form 8 has Statements of Accounts and Statements of Income & Expenditure.

So we provide the best possible solution for Annual Filing for LLPs and we extend our 24*7 support for our clients and ensure that the work is done on time and even if there is any difficulty we try to manage our deadlines for ensuring good client service. You may anytime get in touch with the specialists at Swarit Advisors to apply for annual filing of LLP. Dial our phone number or drop us an email so that we can shortly answer to your call or message. We are the leading top-notch online legal service provider firm, and we have a list of satisfied regular customers.

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Want To Change The Location Of The Company? Contact Swarit Advisors

We understand that due to some situations, the company might want to change some of the information like name and address of the company. All the information about the company are provided in the application of registration of the company and hence if you want to make any changes in them it has to be done in accordance with the terms and conditions under the Companies Act, 2013. So for Change in Company Address we need to follow the proper procedure for the same.

What Are The Things to Remember? 

All the companies’ needs to have a registered office within 30 days from the day Certificate of Incorporation being issued and all the letters and information of the company are being sent to the same address. This law comes under the Section 12 of the Companies Act, 2013. If a company wants to change any information they need to furnish the details to the registrar for verification.

Follow the Procedure for the Registration of Change of Company’s Address

Below we are mentioning the basic steps by following which you can easily get your registration done, but in case you have any doubts or uncertainty then don’t forget to take the experts help for a hassle-free registration process.

• In order to Change in Registered office of company outside the local limits, the company will have to pass a special resolution for the same in a general meeting carried out with board of directors and shareholders of the company. If the resolution is passed the application for the change can be filed. The application needs to be signed by the Director.
• For the Change of Address of the Registered Office, the company has to file form INC-22 with ROC. For the verification of the address the company also needs to fulfil Rule 25 and Rule 27 of Companies Incorporation Rules, 2014 which are prescribed by the government.
• Rule 25: The verification of the address should be filed in Form INC -22 and the fees should be paid along with it for the same. They should also include a copy of notarised copy of lease or rent agreement on the name of the company or authorization letter from the owner or a registered document for the title of the premises. Also the proof of any utility bills that is in the name of the owner can also work in this situation.
• Rule 27: The notice for the change of registered office should be filed in the above manner only, that is attached with Form INC -22 and again the fees needs to be paid along with it. The similar set of documents needs to be provided for the new address to be changed.
• To Change in Registered office of company from one state to another, the company needs to alter MOA (Memorandum of Association) of the company.

We at Swarit Advisors help you to perform your legal changes and proceedings in a very simpler and efficient manner. We ensure that our clients are satisfied absolutely and we work on deadlines provided by the client and never had we let them down. We are available for your assistance 24*7, you just need to make a call on our phone number or drop us an email so that our representatives can shortly revert you back. We are a team of dedicated professionals who are young and enthusiastic and look forward for client satisfaction and are absolutely cost effective as you can solve all your legal procedures just at one place and with one agency. We are the One Solution for all your legal aspects.

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Why Do We Require For NBFC Registration In India?

In the recent times, NBFC Registration has been simplified. You cannot begin any lending business in India, without a valid NBFC License from RBI. NBFC Registration methodology starts with Name endorsement of the proposed organization. You need to make sure that in name approval form the goal of the organization must be related to finance.

What Is The Future of NBFC in India?

NBFCs have made considerable progress in anchoring a pivotal position in the financial market of India. These organizations lend cash to definitive spenders or unorganized areas, which are outside the domain of banking areas. They have also been forced to bear the government influences particularly those NBFCs which have neither public assets and nor the client interface. Within the new structure expressing changes in the NBFC Regulations, the consistency load has been slowly diminished for Non-Deposit Accepting NBFCs. This has expanded the quantity of NBFC Registration recently.

Numerous zones including banks and NBFCs have been affected by the enactment of Companies Act, 2013, however, there were no major changes in consolidating the NBFCs under the new demonstration. Non-Banking Financial Companies (NBFCs) are the organizations consolidated under Companies Act, 2013 or Companies Act, 1956. Their main business, to be expressed in the MOA, while enrolling under the Companies Act, or generally will loan credit, making an investment in different kinds of offers and stocks, renting, procure purchase, business insurance, chit business, and receiving deposits under any plan or course of action. RBI manages the working of NBFCs under the system of RBI Act, 1934 and bearings issued by it in a timely manner. For each NBFC, to complete its tasks, it is important to get a permit from the Reserve Bank of India to begin its business.

Know The Requirements for NBFC Registration In India

Any entity before applying to RBI for the permit of NBFC License must satisfy the accompanying two criteria for starting their lending business:

• It ought to be an organization enrolled under the Companies Act, 2013 or Companies Act, 1956,
• Clean CBIL records,
• You ought to have least one director from NBFC foundation or senior Bankers as the full-time executive in the organization,
• It ought to have the least net owned assets of INR 2 crore.
• Comprehension of NBFC or Finance business,

In the wake of fulfilling the above conditions, an online application accessible on RBI’s site (COSMOS) ought to be filled and all the vital records required must be submitted with it. From that point, a CARN number will be produced which will be saved for inquiring about the status of the application. Hence, the printed copy of the application alongside the attached documents ought to be submitted to the provincial branch of the RBI. The NBFC License will be conceded simply after the careful examination of the application and your documents appended to it.

The Nidhi Companies, Merchant Banking Companies, Housing Finance Companies, stock broking/sub-broking organizations, Venture Capital Fund Companies, Stock Exchanges, Insurance and Chit Fund Companies and other financial organizations are referred to as NBFCs, yet they have been exempted from the commitment of enrollment under the RBI Act, 1934 subject to specific conditions.

What Are The Regulations Of NBFC Registration?

Once you have obtained NBFC License under the Companies Act after registering your NBFC organization under RBI Act, the following regulations of RBI must be formulated timely for accepting the public deposits: –

• Public deposits for a minimum time period of a year and a most extreme time of 60 months can be renewed or received,
• NBFCs can’t get stores repayable on request,
• The loan fees on deposits can’t be higher than the roof rate as endorsed by RBI,
• The deposits are not safeguarded and their reimbursement isn’t guaranteed by the RBI.

The establishment of business through NBFC is not that much demanding nor too easy but the government leverage to encourage NBFC Registration presently. In order to ensure the smooth functioning of our financial system on the country, few regulations must be followed. For more details or help in the online registration of NBFC, you may contact Swarit Advisors. We are the leading online service providers to assist you throughout the process until you get your NBFC License.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/02/why-do-we-require-for-nbfc-registration-in-india/

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What Is The Need Of Limited Liability Partnership?

An LLP or a Limited Liability Partnership is a certain corporate structure which has combined the flexibility in a partnership along with the advantages of having limited liability.The limited liability partnership of a company at a low compliance cost, so in a way, it’s an alternate vehicle for the corporate business which would provide the benefits of a limited liability of a given company. It would provide with all the above mentioned and at the same time will allow its involved members the flexibility of having an internal management organized on the basis of mutual agreement that they arrive on. And this is in the case of having a partnership firm.

Details and benefits of a limited liability partnership

Because of such a flexibility in the structure of Limited Liability Partnership, it’s rather useful when you have a small or a medium enterprise. And basically for all the service sector enterprises in general. Internationally the limited liability partnerships are a more preferred vehicle for running a business and particularly in the service sector that involves many professionals so that the investors are never at the risk of losing everything on an international level.

A limited liability partnership is always governed by the rules and provisions that come under the limited liability partnership act of the year 2008 and the salient features of it are as followed: –

• A limited liability partnership is a corporate body and also a legal entity of itself which is separate from the partners that run it.
• Whenever any two individuals that are associated in carrying out a lawful business with the financial profit in mind could subscribe their names to a document and then incorporate their partnership by filing that document to the registrar and form a Limited Liability Partnership. This limited liability partnership could have a perpetual succession.
• The rights and the duties are mutual to all the partners involved in the limited liability partnership and these shall be governed by a legal agreement among the partners in limited liability partnership. All subject to the provisions summarised under the limited liability partnership act of 2008. The act hereby provides a flexibility for devising their agreementas per their choices.
• The limited liability partnership itself is a legal entity will have the liability of having its own assets to a full extent. This will be through the partners being limited with respect to their agreed contribution in the limited liability partnership. The once formed limited liability partnership may or may not be tangible in nature, also none of the partners would be then liable on the accounts of any unauthorized independent actions performed by other partners in the Limited Liability Partnership. If any partners are found to have been into fraud activities or any misconduct then those partners’ liability shall become unlimited for all the damages and debts caused through them.
• Any limited liability partnership formed must have at least two individuals designated as the partners. It’s compulsory that at least one of these two must be a resident of India and their duties and obligations will then be provided as per the law.
• The limited liability partnership will be under the mandatory obligation of filing their annual returns on the maintained accounts that will, in turn, reflect their state of affairs whether their work is being done in fairways. These statements of their accounts must be filed each year with the registrar and also must be mandatorily audited depending on their annual turnover in the business.
• The central government has the power for investigating the affairs of any limited liability partnership in case it feels the need to. A competent inspector shall be sent to visit to do the job of investigation.
• Any compromises or any arrangements that will include any merger or an amalgamation of the respective Limited Liability Partnership then it shall be in accordance with the provisions under the limited liability partnership act of 2008. The Indian partnership act of 1932 will not be applicable to the limited liability partnerships.

We are the best professionals at Swarit Advisors who provide online legal services to our customers in the best possible ways. All you can do is either drop a mail or give us a missed call in the mentioned phone number our representatives will reach you shortly.

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What Are The Laws Related To The MSME Registration In India?

We will be discussing everything related to the MSME business and it’s registration in this article. MSME is a short form of micro small medium enterprises. These may also be called as SSI which is a short form of small-scale industry. Now it’s called Udyog Aadhaar these days. These small businesses are the foundation of most of the economic growth and development of India, almost a backbone. On top of that these MSME Businesses are encouraged by the government itself and promoted too. Now how they promote it? Well the government launches different schemes and gives several financial and otherwise benefits to whoever gets an MSME Registration. So basically MSME doesn’t really require a registration but it’s a good idea to do so in order to avail the government given benefits.

Know the Basic Laws related to the MSME Registration

The micro small medium enterprises may avail a wide range of government subsidies and different financial benefits under the MSMED Act. The MSME business could be in both, the manufacturing sector as well as the service sector. There are registration categories for MSMEs depending upon their size and turnovers and also upon the amount of money invested. So while you are at it, let’s see their categories.

Types of MSME Registration Based on their Size, Investment, and Turnovers

·         Micro Enterprises-This category is of micro enterprises which are the smallest of all the MSMEs. The criteria for MSME Registration in India under this category is when the investment in the manufacturing enterprises is less than the amount of Rs 25 lakhs while the Investment in the service sector is or less than the amount of Rs 10 lakhs.

·         Small Enterprises-This is the second category within the MSMEs. The small enterprises must have an investment between the amount of Rs 25 lakhs and Rs 5 crore in the manufacturing sector while between the ranges of Rs 10 lakhs and Rs 2 crores in the service sector.

·    Medium Enterprises-The medium enterprises being the largest in the MSMEs for a category, here the investment for the manufacturing sector should be between the amount of Rs 5 crore and Rs 10 crores. While it should be between the amount of Rs 2 crores and Rs 5 crores.

What Is Required for MSME Registration Application?

·         Government Registration frees

·         The MSME Registration application form.

·         Prescribed list of documents for the submission at the registrar office.

Procedural steps for MSME/SSI Registration

1)                 Complete the MSME Registration application form or SSI Registration online process application form.

2)                 Prepare the listed documents required for MSME Registration. This shall take 1 to 2 days.

3)                 Filing for the MSME Registration application – the application is to be filed along with all the prescribed list of required documents that we had prepared earlier. And submit both to the MSME Registration registrar. This shall take about 2 days.

4)                 Your MSME Registration application will be verified by the department for the approval. By this step your side of the job is complete. And you just wait.

5)                 Once your MSME or SSI Registration application has been approved by the MSME Registration department, an MSME Registration certificate or your SSI Registration certificate will be issued in your name and will be sent to you via courier.

 
That’s it, your MSME Registration is complete. But in case if you are planning to take the help of specialists who can guide you all the way then pick up a renowned organization by searching through the Google. We at Swarit Advisors are the leading online service providers whose experts are dedicated 24/7 hr to serve you with the best possible solutions in a hassle-free way.

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