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/

Read More

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/

Read More

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/

Read More

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/

Read More

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/

Read More

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.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/09/how-to-trademark-your-brand-name-and-logo-with-the-help-of-experts/

Read More

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.

Source by: https://swaritadvisorsindia.wordpress.com/2018/08/09/how-to-apply-for-company-registration-with-the-experts-guidance/

Read More