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.

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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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