Small & Medium Businesses generate about 35% of the GDP of India and account 40% of exports. With more graduates and professional looking towards becoming entrepreneurs and expand existing businesses, Funds are the greatest limitations stopping these talented group of people from reaching the next level.
Company registration in India is regulated by the Companies Act, 2013 and is administered by the Ministry of Corporate Affairs (MCA - www.mca.gov.in) through the Offices of Registrar of Companies (ROC) in each State.
In India an individual can start ~Private Limited Companies ~Public Limited Companies ~one man Company.
At the start Private Companies should have Minimum Capital of Rs.1 Lakh and Public Company should have Minimum Capital of Rs.5 Lakhs for registration. This minimum capital requirement has been removed in the company Act 2013. Now a company can be incorporated without any minimum capital requirement.
Private Limited Company is formed with minimum of 2 members and 2 Directors. Maximum number of members in a private company is restricted to 50 and Public Limited Company is formed with minimum of 7 members and 3 Directors. There is no restriction on maximum number of members
The LLP concept is similar to Partnership firm, it comes with perpetual succession doctrine. LLP is very easy to form and has less compliance to adhere. It combines the advantages of partnership and Company. For forming LLP Minimum Two people and contribution (capital) of Minimum Re.1 is essential.
Recently Ministry of Industry and Commerce in its Notification permitted foreign investment in Indian LLP
The Persons involved in the formation are called as designated partners. At any point of time Partners can increase the contribution according to their business requirement. It is beneficial for the entrepreneurs to initially start the business in the LLP mode, because LLP has benefits of less Compliance, less fees to be paid to government, less Tax, Limited Liability and it’s a separate corporate entity.
During the growth phase of the business, the identity of the business is recognized by the quality of the services/product/name/symbol of the Business entity. In the competitive scenario the question that arises is how to differentiate the business name/product/services from that of the competitor and how to secure it. The solution for this is to obtain the Trade Mark Registration
Trade Mark is a distinctive sign or indicator used by an individual, business organization to identify that the products or services to consumers with which the trademark appears originate from a unique source, and to distinguish its products or services from those of other entities.
We assist in registration of the Trademarks both local and Global
Successful business cannot be run by an individual. You need to deal with various parties. Like your Vendor, Customer and various third parties. While dealing with the parties you have to secure your rights and confidentiality.
Our Legal team specialized in providing advice on deeds and Agreements, advice you to enter in to agreements like Joint venture Agreements, Foreign Collaboration, Memorandum of Understanding, Appointment of Distributor, Franchisee Agreement, Appointment of Agent and much more things.
Our team further assists you for Arbitration and Conciliation. When a Dispute arises among the parties, each party can appoint one of the persons as its arbitrator. We will help you to resolve the disputes by arbitration, so that you can avoid the litigation and approaching the court.
1) What is DIN?
Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become the Director of a company. DIN is a Mandatory for appointing a Director in the Company.
2) What is Digital Signature?
Digital Signature is the electronic signature of a person that will be used in the filling the forms with ROC.
3) Company Means?
Company is a voluntary association of persons formed for the purpose of doing business having a distinct name and limited liability. It is a juristic person having a separate legal entity distinct from the members who constitute it, capable of rights and duties of its own and endowed with the potential of perpetual succession
4) Can I register a Company anywhere In India? Yes, You can register a Company anywhere in India.
5) What are the types of Companies which is suitable to start a Business?
1. Private Limited Company or
2. Public Limited Company
5) How to start a Company?
Formation of the Company can take place in three Simple Steps:
7) How many People required starting a Company? In case of Private Limited Company it is 2 and In case of Public Limited Company it is 7.
8) How much Investment to be made to start a Company? The minimum paid up capital for both private and public Limited Company is ‘ZERO’