How Private Limited Company Registration Can Be Beneficial To Us?

In this article, we’ll discuss what a private limited company registration in India is? And what are the advantages of having one, once we are done with our private limited company registration.

A private limited company is one of the most commonly used entities that is suitable for carrying on a certain type of business on a certain scale level. In India, it’s a long-term objective. Now when you think about having one for yourself, you will need a private limited company registration done in order to keep going with the idea. The private limited company registration is done and incorporated under the company’s act 2013. The formation of a private limited company is formed as a purely separate and legal entity that is apart from its directors or the members. Any business which is under this type of structure is done by making an investment. This investment is made through the equity shares in the company. This has its own advantages of limited liability, of greater stability and the recognition. The very basic requirement for the incorporation of this private limited company in India is to have a minimum of two directors and two shareholders, both can be same.

Know the Advantages of a Private Limited Company in India

· LIMITED LIABILITY: In case, if the company is experiencing financial distress of any kind because of their normal business activities. Then, the personal assets of the company’s shareholders and directors will not be at risk of being seized by the creditors.

· SEPARATE LEGAL ENTITY: Any private limited company is a legal entity, and juristic person that is established under the companies’ act 2013. Therefore, this private limited company after being registered is has its own legal capacity to own its own properties as well as incur debts. And on the top of that the respective directors and the shareholders will not have any liability to the creators of this private limited company for any such debts.

· CONTINUITY OF EXISTENCE: The existence of a private limited company will never be affected by its owners. The owners may come or go with time but the company will keep running until and unless it is legally dissolved, because it is a separate entity or a person, it remains unaffected by any deaths or the departures of any of its members and continues to exist irrespective of the change in its memberships.

· MINIMUM NUMBER OF SHAREHOLDERS: The minimum number of the shareholders required to get a private limited company registration in India is just two in numbers.

· SCOPE OF EXPANSION IS HIGHER: A private limited company registration will give the various options for the borrowing of the funds. It can raise funds also by issuing shares or debentures and similar.

· EASY TRANSFER ABILITY OF OWNERSHIP: The shares of the private limited company by virtue of its ownership can easily be transferred to any other person by simply filing and signing a simple share transfer form. The price exchange may be anything they wish and will happen with a mutual agreement between the both parties. The infused capital can be easily taken back.

· OWNING PROPERTY: Because after the private limited company registration, it is considered a legal entity and a person on its own can own properties in its name also. No shareholders or the directors can claim it as their own property.

If you have any plans to apply for a private limited company registration in India then make a call to our Swarit Advisors, we can help you with proper guidance and step by step procedures. All you have to do is to make a call on our number or drop us an email.

Original Source: https://medium.com/@swaritadvisors18/how-private-limited-company-registration-can-be-beneficial-to-us-912ea3e486a0

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What Is An NBFC? And Why Do We Apply For An NBFC Registration?

NBFC stands for a non-banking financial company. The NBFC Registration is done under the companies act. A non-banking financial company is very much similar to a commercial bank, except for the following differences, have a look at them that are as follows: -

1) A non-banking financial company can’t accept any demand deposits.

2) A non-banking financial company can’t issue cheque that is drawn to itself.

3) The deposits in NBFC are not insured as they are insured in a bank by the deposit insurance and Credit Guarantee Corporation.

The non-banking financial companies just like commercial banks, but only except for the above-mentioned differences do engage in banking businesses like making of loans and advances or acquisition and trading of the shares and stocks or bonds and debentures/securities. Also leasing and hire purchase and insurance businesses or chit businesses. An NBFC can do all of this except it will not include any particular institution that has a principal business of agriculture activity or any industrial activity. It doesn’t also include purchase or sale of any kind of goods (other than the securities or providing any type of service and sale or purchase or construction of immovable property.

Also, a particular company that has a principal business of getting deposits under any type of scheme or an arrangement in one lump of a sum of an instalment by the way of their contributors or in any other way is also a non-banking financial company.

What are the categories of the non-banking financial company?

There are two types of NBFC Registration. One is deposit taking and other is non-deposit taking. Both are being further classified based on their size.

Getting to the NBFC Registration

Now as per the section 45 — IA of the reserve bank of India act of 1934, no company is supposed to commence any business of a non-banking financial company without obtaining the NBFC Registration certificate. Also, you must have a minimum of net owned funds of Rs 200 lakhs. This incorporation of the NBFC Registration is incorporated under the section 3 of the companies’ act of 1956. The net owned funds are the final balance of owned funds minus the amount of investments in shares of the subsidiary. This includes the companies in the same group and all the other non-banking financial companies, the book value of debentures, hire purchases, outstanding loans, lease finance made and deposit with a subsidiary. All these commence in the same group.

The owned funds are an aggregate of the paid-up part of equity capital, preference shares which are also compulsory and convertible into the equity, the free reserves and balance in shares premium account and the capital reserves that represent the surplus that’s arising out of the scale proceeding to the asset which excludes the reserves created by revaluation of the asset, after the deduction of accumulated balance of loss.

Application for NBFC Registration

Application for the NBFC Registration must be made to the regional office of the RBI with a list of documents that are required to be submitted. Though financial companies are not regulated by the RBI, it supervises the companies with financial assets more than 50% of its total assets.

Swarit Advisors can help you to apply for online NBFC Registration in India. We provide best online legal services to our customers in every possible means. Our motive is to offer reliable and profound solutions to our customers whenever they need to. So get in touch with our specialists, we will help you to prepare your documents and make you apply for NBFC Registration without any hassle.

Source url: http://swaritadvisors.over-blog.com/2018/06/what-is-an-nbfc-and-why-do-we-apply-for-an-nbfc-registration.html

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Know The Process To Apply For FSSAI Registration Online

When you own a food operating business you must first go through FSSAI Registration process. Food business operators can easily apply online for FSSAI registration online.
This article has some tips on how to right below:-

• You may start by visiting the official government website made available by the government for FSSAI Registration. Visit it and sign up for an application form online for your food Business.
• A form will open where you will have to provide with your details that are asked. Details like your contact number, e-mail id, and other contact information. The mobile number and the email address you provide must be valid and active.
• Next, you create a username for yourself. Better create one that you can memorize and will not easily forget as you will need it many times afterward.
• After you are done with this you’ll get a notification SMS for the successful creation of your account. Make sure you get all your contact details verified to keep the communication going and awareness.
• You must keep in mind one thing that your username identity will be used for only 30 days, after passing of 30 days your id will be disabled.
• Now that you are done with the online registration of the account just visit the official site again and log in by entering your username id and created password.
• Now fill in the required information in a provided online application form for the FSSAI Registration Delhi. It will take just a few minutes to fill in this form, to save more of your valuable time, simply make sure you have all your documents ready and prepared as you’ll be filling those in the form.
• Once you are done with the filling, make sure you print it out as well as a hard copy of your FSSAI Registration application form. After that, you can click on submit button and submit your form.
• Once you have submitted your form successfully, you’ll get a reference number you just then keep this reference number for future references like updates and status of your application.
• Though the internet and the website are functional and open 24/7 days you got to still complete the whole form in one sitting only.
• Submit your hard copy of your form to the regional state authorities with whatever documents may be required. This you need to do within the time span of 15 days from the date of submission of the FSSAI Registration application online.

Let’s take a look at the list of documents you will need for FSSAI Registration below:-

• Your photo ID which is issued by the government authority.
• Proof of residential address on a legal document like driving license or a voter identity card Aadhaar card etc.
• The photo of food business operator or FBO.
• The list of all the directors of the respective institution or organization dealing with food business that you are getting FSSAI Registration for.
• The proof of the possession of the premises where you’ll do the work.
• The partnership deed document if any or the affidavit of the proprietorship in case you work individually.
• Memorandum of association and article of association.
• No objection certificate and a copy of the license firm manufacture.
• The declaration form.
• And the list of all the food products you intend to sell
• Blue Print of processing unit & Equipment/Machinery.

In case, if you are having any trouble in applying for FSSAI Registration then let us know by dropping an email on our Swarit Advisors website. We will be glad to offer relevant help to apply for any online legal services to our customers. Our experts provide the complete guide so that you can avoid the possible mistakes happening in the FSSAI Registration process.

Original Source: https://medium.com/@swaritadvisors18/know-the-process-to-apply-for-fssai-registration-online-5d522d4e4b39

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How to Register Producer Company in India?

A producer company includes a group of people that are involved with the production of produce primarily or other one or more objectives relating to the primary production. The Part IX – A of companies (amendment) act of 2002, deals with the Indian producer company. The primary reason for introducing such a concept was to frame the legislation that permits the incorporation of cooperatives as a company. The Indian producer company is an incorporated body that has it’s certain activities and/or objectives under the section 581B.

Provisions relating to Incorporation of Producer Company?

1. An applicant: - Ten or more people being the producer, two or more of the producer institutions, or the combination of any of the previously mentioned.
2. MOA and AOA of the producer company:- The above mentioned documents must be signed by each of the producer with a date. Along with it all other required documents under incorporation rules must also be prepared.

3. Object of the producer company registration online document:- The objective clause in the memorandum of association must specify all of the matters that are specified under the section 58 1B.

4. Appointing the first directors: - The AOA of the company would mention it’s first directors. These directors of the producer company will hold the office till the final directors are appointed for the producer company in question. This is to be done within the time period of 90 days of the company registration application. The minimum number of directors being five to the maximum being 50.

What is the procedure of filing for producer company application?

• Filing of the producer company’s name: -File for the application via RUN with a fees of? 1000/-. Then select a name for your producer company that will suit best for your company’s produce. Once the ROC confirms with the availability of the name you’ve chosen, a Memorandum of association and AOA of the respective company is drafted according to the regulations of the section 58 1F and section 58 1G.
• MOA and AOA that are duly signed and stamped with a date.
• Their power of attorney.
• Statutory declaration on stamp paper by a professional in Form INC-8. That is declaring compliance of all the identical matters regarding the producer company formation.
• File application for registration in Spice any pay stamp duty electronically via the MCA portal..
• Pay producer company registration fees.

If you are facing any trouble in getting your Producer Company Registration done then make a call at our Swarit Advisors, where our professionals will give you complete guide to follow the steps precisely and help you to get the hassle-free services. 

Original Source: https://articles.abilogic.com/286828/how-register-producer-company-india.html

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What Is Sole Proprietorship & Its Key Features In India?

The Sole Proprietorship is the best business form which is mainly preferable by the small entrepreneurs. It initially permits beginning a firm with little capital, within a short time span. It requires an exceptionally basic process with minimal lawful compliances and formation costs. The vast majority of the offline business generally prefer sole proprietorship. 

A sole proprietorship is a business that is claimed and overseen by a solitary individual. You could have one up and running inside 15 days, which makes it exceptionally well known among the unorganized sector, especially traders and merchants. There is no such thing as registration particularly for the sole proprietorship, as they are well perceived by different registrations such as GST registration. As you would envision with a business that is so natural to set up, however, its inadequacies are extreme, the liability of the proprietor is boundless and it doesn't have a persistent presence. Look at the significant perspectives and prerequisites for the sole proprietorship registration.

Generally, proprietorship is the favored method for setting up a small scale business for a large portion of the businessmen. The fundamental highlights of this business obviously distinguish it from alternate types.

1. Proprietorship requires only one individual.
2. The business is possessed by a solitary individual.
3. Minimum lawful compliances, it is significantly less demanding to begin and dissolve the sole proprietorship.
4. Tax related and other legitimate compliances are minimal.

Step by step instructions to Establish a Sole Proprietorship Firm in India

All the business structures need to follow the basic formation procedures and important enrollments. Here in our blog, we provide a brief yet entire method for the sole proprietorship registration in Delhi that will assist you in preparing your documents.

1. The proprietorship registration is basically done under the SSI/MSME Registration. The rundown of the documents incorporates just PAN and Aadhaar card of the Proprietor of the company.
2. Apply for the GST registration.
3. Get the GST registration certificate from the experts.
4. Open a bank account.

In spite of the fact that there are no other legislative conventions required for sole proprietorship formation, it might require certain registrations relying on the business. For instance, a firm which is dealing with import or export business will require DGFT IEC code registration. For the registration of GST, we exceedingly prescribe you to get the help from our professional legal online services at Swarit Advisors at reasonable charges.

What Are The Documents Required To Start Sole Proprietorship Firm?

The documents necessary for the sole proprietorship is very basic. Usually, it includes the basic documents to recognize the proprietor and the firm that are as follows:-

• Self-Attested PAN Card of Entity (if any)
• Self-Attested Aadhaar Card of Applicant
• Self-Attested PAN Card of Applicant

Our professionals at Swarit Advisors provide hassle-free online legal services of registrations to our customers. Sole Proprietorship is the oldest form of business in India. There are many advantages of this firm such as minimal compliances, inexpensive, and easy to start with. Get more details by contacting our specialists anytime, we can help you with a step-by-step process. 

Original Source: https://articles.abilogic.com/286829/what-sole-proprietorship-its-key.html

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What Is Food License And Why It Is Required?

In India, when anybody who is dealing with the food business, it is mandatory to get a food license from FSSAI. The food license has three categories. There is the basic Registration, the state Registration, and central Registration. The basic eligibility for these three kinds of food license Registrations is based on two factors. In the service industry, it’s based on the food businesses turnover. Whereas for the manufacturing type of food industry which is also the processing industry, it will be based on the production capacity of their unit.

The FSSAI or the Food safety and standards authority of India has bifurcated the food business operators in another two categories. One being the dairy products and it’s processing and the food manufacturers who would then sell food products like the biscuits, pickled, snacks, ready to eat meats and other processed foods. This falls in retailer’s category. This retail shop can be anywhere having an outlet in India. Also same goes for the wholesalers well as distributors.

The transportation will also need food license in India. The food license will also be needed for storage in warehouses of foods. So basically any business that is involved with food in anyway will need a food license.

Legal information regarding food license in India.

1)                Basic food license under FSSAI

Now, first of all, we’ll discuss the basic food license Registration. This is the type under which 80% to 85% of all the food business operators are. Its criteria for the basic food license Registration is having an annual turnover of Rs 12 lakhs or when the dairy industry will have a capacity less than 500 litres per day production. Or in case when they have a daily manufacturing capacity of 100 kg. All these shall get their Registration under the basic food license. This will also include a wide range of mini-businesses like tea stalls, home-based businesses, canteens, mid-day meals etc.

2)                State food license Registration under FSSAI

Now the second type of food license is the one which a state license. Any food business that has an annual turnover between the range of Rs 12 lakhs and not exceeding Rs 20 lakhs will come under this category. Either this turnover or manufacturing units that have a capacity upto 2 mts per day. For the dairy industry, the capacity will increase up to 50,000 litres per day. Apart from this, three-star hotels and above will come under this category. This category will also include the clubs, canteens, and other catering businesses, this would be irrespective of their business turnover annually. All these will apply for state-level food licenseRegistration under FSSAI.

Once you have been granted the food license for your food business by FSSAI authority, you will be bound to keep your operations in said premises. Also, you are supposed to print your food license Registration number on the package of everything you sell.

3)                Central food license Registration under FSSAI

The last category is of central food license Registration when your business doesn’t fall in above two, it is to be registered under the central food license by FSSAI authority. This is in case you have multiple food business outlets across the whole country. You might however also need the basic and state license depending on your said outlet’s location and individual turnovers.

Get more information by contacting with the Experts at Swarit Advisors who are constantly available to help you immediately. For any legal online services you can get help from our professionals as we are having year of experience in handling the issues that you might face.

Original Source: http://swaritadvisors.over-blog.com/2018/06/what-is-food-license-and-why-it-is-required.html

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Apply To Register A Brand Name Or Trademark In India

When you own a business or need to claim a business, then you must consider whether the Trademark registration in India is essential or not? Will it be something which will be great to have for a business or an absolute necessity for a business? We here in our blog will provide few important highlights which will help you to understand the concept of trademark and how it can be advantageous to you. Before that, I would like to ask you few questions that are as below:-

• How much time and exertion you put into your business, or on your product and services or to make your brand value? Did you endeavor to make your business a respectable and reliable name among your customers?
• How might you feel, on the off chance, that another person is misusing your business name?
• Or in case, if you find that the name that you are utilizing for your business is already been registered for other organization.

It would be an immense loss of time, endeavors and expenses that you have spent on your business recognition. Will you be able to evade such wrecking situations that can affect your image or which can bring about all the diligent work you put in building brand name of the business going waste?At such point, you have to truly consider securing your business name, trademark, logo, picture, etc. This can be simply achieved by Trademark registration.

Why Trademark Registration Is Necessary?

Trademark is Important for any business or brand name in India. Any sort of business who needs to secure their business name or brand name,the logo of the organization, they must apply for trademark registration in India. Trademark Registry gives the assurance on the brand name with the logo in their separate trademark class. Overall there are about 45 Trademark classes where you can enlist your business name in the sort of the field which is identified with your business or where you need to ensure your brand name. Make sure that if you are willing to protect the design or product or service then you must go for Patent Registration.

There are many advantages and the reason as why you must apply for Trademark Registration in India that are as follows:-

• Secure your logo or company name so that no other can use your brand name. It assures that your brand name can’t be utilized by any other firm without your consent.
• It helps in avoiding fake or similar brand names that are already been registered in the trademark list.
• In case, if your company is internet based then you can protect your domain as well.If you are selling the products on e-commerce websites then you maintain your separate identity from other sellers on flipkart and amazon kind of websites.

What Are The Documents Required For Trademark Registration?

Are you willing to apply for Trademark Registration? Are you facing trouble in finalizing the documents required for trademark registration? If yes then you are at an absolutely right platform. Our highly skilled professionals at Swarit Advisors provide online legal registration services to our customers. You can anytime get in touch with us to get the precise guidance and support at your end.
Below is the list of documents required during the trademark registration:-

• PAN card, Voter ID or Passport,
• Scanned copy of registration certificate,
• Signed trademark application,
• Scanned copy of registration certificate,
• JPG format of the Logo of your organization,

Trademark registration validates the brand name that you have submitted within 24 months when you apply. For further queries, you can refer our consultants who are 24/7 hr available to help you, leave us your email we will shortly revert you or contact you.

Source url: https://swaritadvisorsindia.wordpress.com/2018/06/15/apply-to-register-a-brand-name-or-trademark-in-india/

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