Instade Knowledge Base (KB)

Trademark search must be completed before trademark registration application to find any faults in existing trademarks. This can be done through the government website (https://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx). Trademarks registration is controlled by the Comptroller general of patent designs and trademarks. Trademark Search is divided into three categories: Wordmark – For the similar representation of wordmark; Vienna Code – For the similar artistic representation; and Phonetic – For the phonetically similar words The procedure of trademark search Navigate to the website of the Comptroller General of Patent Designs and Trademarks and follow these steps. Selecting the option “show details” would display information pertaining to the trademark. Trademark must not be registered the same as any existing one. If the results show no results found then there's no registered trademark same as searched ones.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Drafting a contract means writing down all the terms and conditions of the contract and the legal obligations of both parties. Often, an attorney is needed to create reliable and secure contracts especially when contracts are complex. Instade provides you this service at reasonable prices. Important points to be considered while drafting · Language should be clear and precise. · Statements should be clear. · There should be only mutually agreed terms and conditions. Reviewing helps in- · Understanding terms and conditions. · Preventing illegal and voidable contracts. · Preventing breach of contracts. Important points to be considered while reviewing contracts · Make sure that both parties are well versed with the contract. · Clear all the confusions of the parties. Registration of  Drafted Contract The laws do not expressly state that all contracts must be mandatorily registered in order for them to be legally enforceable and recognizable; however, when a party becomes a victim to some default made by the other party/parties, it becomes highly tedious for the victim to prove the legality, binding effect, and validity of the contract.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Adhering to all the compliances of the law becomes a tedious task. It becomes difficult to even for large organizations. Instade helps you with this checklist and ensures that your organization will face no hassles with compliances.  Importance of legal compliance checklist • Keeps the company updated with important compliances.  • Helps to carry out internal and external compliance assessments.  • Ensures that by adhering to all the compliances business remains legal.  Contents of checklist  1. Compliances with Tax laws 2. Compliances with Employment laws.  3. Compliances with Advertising laws.  4. Compliances with Corporate laws.  5. Compliance Miscellaneous laws.  6. Compliance with others laws specific to the Industry.  So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Changing the name of the company involves alteration of MOA and AOA with due approval of Central Government (the power has been delegated to Registrar of Companies), however, approval of Central Government is not required if the change relates to the addition/deletion of the words “private” to the name. The company also needs to pass the resolution in the board meeting to get approval from other relevant stakeholders of the company. After completing the due procedural requirement, ROC will issue a New Certificate of Incorporation. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

All types of companies are required to get their books audited so they have to appoint an auditor for the same. First auditors must be appointed within 30 days of registration of the company, other than the government company, and will continue to hold the position till the conclusion of 1st  AGM. In case BOD doesn't appoint auditors, shareholders can appoint within 90 days of registration. Documents required for the appointment of auditors Consent Letter of the Auditor Certificate proving his eligibility of Auditor Resolution Form ADT-1 to be filed with the Registrar of Companies      (ROC). Besides the above form, the following information to be provided to the ROC. Name of the new auditor. Address of the new auditor. Email address and PAN number. A number of years for which the auditor is appointed. Details of the resigning auditor. Appointment date of the new auditor. Procedure for appointment of Auditors 1. A practicing chartered accountant / A practicing chartered accountant firm can only be an auditor of the company. 2. Written consent of the auditor must first be obtained along with a certificate from the Auditor that the appointment, if made, shall be in accordance with the conditions as prescribed by the Auditor and that the Auditor satisfies the criteria provided in Section 141 of the Companies Act, 2013. 3. Pass resolution for the appointment of the auditor and file ADT 1 with 15 days of the appointment.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP's are regulated by the Registrar of Companies, Ministry of Corporate Affairs. All LLPs are required to endure compliances and file certain statutory filing with the Government every year. It is mandatory for an LLP to file an annual return in Form 11 and Statement of Account and Solvency in Form 8. DOCUMENTS TO BE FILED WITH ROC: 1. Form 11 – For Annual Return of the LLP - Annual return of LLP is a summary of designated partners and changes among them on yearly basis. It is to be filed within 60 days of the ending of its financial year i.e. 31st March. Annual Returns have to be filed on or before 30th May every year. 2. Form 8 – For Statement of Accounts and Solvency - It consists of information related to the statement of assets of the LLP and liabilities and statement of income and expenditure of the LLP. From 8 is to be filed by at least two Designated Partners with the Registrar. Form 8 should be filed within 30 days from the end of 6 months of the end financial year. i.e. by 30th October of each financial year. PROCESS OF FILING LLP RETURN: For LLP filing, form 8 and form 11 have to be filled. Filing of annual returns can be done online on the MCA portal. These forms are to be compulsorily filled in order to smoothly run the business. Instade helps you to fill up the form without any hassles and at lower rates.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A public limited company is one whose shares can be freely traded to the public and can be listed on the stock exchange. It is a limited liability company that raises funds by issuing shares to the general public. Section 2 (71) of the Companies Act defines a "public company" means a company which— (a) is not a private company (b)  has a minimum paid-up share capital as may be prescribed Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles Requirements/Eligibility for registering Public Limited Company · Minimum of 7 Shareholders. · Minimum of 3 Directors. Documents required for incorporating a Public Limited Company 1. Proof of identity of all the shareholders and directors. Such documents include Passport, Driving license, Voter Id (Self-attested copy) 2. Proof of address of all the directors and the shareholders. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone (should not be older than 2 months) (Self-attested copy) 3. Indian nationals are mandatorily required to provide an attested  copy of PAN 4. Foreign nationals must submit attested passport copies. 5. Memorandum of Association (MOA) and Articles of association (AOA). 6 · No Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill   /Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. 7 • In case any of the shareholders or subscribers to the MOA   and AOA is a Corporate Entity (Company, LLP, etc.) then Certificate of   Incorporation of that corporate entity must be attached together with the resolution passed by the Corporate entity in favor of subscribing to the shares of the company which is going to be registered. • In case subscriber to the proposed company is a Foreign company and/or company incorporated outside India then Copy of certificate of incorporation of the foreign body corporate and resolution passed thereon in favor of subscribing to the shares of the company which is going to be registered. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates: Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Private Limited Company is the most popular type of corporate legal entity in India. The registration is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013, and the Companies (Incorporation) Rules, 2014. We, at Instade are committed to providing affordable packages for the registration of private limited companies across India. Eligibility and Requirements for Private Limited Company -Minimum of two Directors -Minimum two Shareholders, Shareholders can be – 1. Corporate entity. 2. Natural person. 3. Foreign national or company. -At least one director must be a resident of India. Documents required for registration of Private Limited Company For Directors & Individual Shareholders • Identity proof documents like Voter Id, Passport, Driving license • Indian nationals are mandatorily required to provide PAN. • Foreign nationals must submit attested passport copies. • For Proof of Residence documents shall include bank statements, electricity bills, water bills, gas bills, and telephone bills. (should not be older than 2 months) • Passport Sized Photograph For Registered office · No Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). · In case of owned property, copy of sale deed and copy of  Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). For Corporate entities as a Shareholder • In case any of the shareholders or subscribers to the MOA and AOA is a Corporate Entity (Company, LLP, etc.) then Certificate of Incorporation of that corporate entity must be attached together with the resolution passed by the Corporate entity in favor of subscribing to the shares of the company which is going to be registered. • In case subscriber to the proposed company is a Foreign company and/or company incorporated outside India then Copy of certificate of incorporation of the foreign body corporate and resolution passed thereon in favor of subscribing to the shares of the company which is going to be registered. Post-Incorporation Compliances Private limited companies registered in India are required to comply with various rules and regulations. Failure to such compliance will lead to penalty or disqualification of Directors. Instade will help you with the company's accounting and maintenance of required statutory compliances. IMPORTANT COMPLIANCE FOR COMPANIES REGISTERED IN INDIA 1. Appointment   of Statutory Auditor 2. Commencement of Business within 180 days of incorporation 3. Income Tax Filing 4. Annual Filing with ROC 5. Director identification number KYC 6. Preparation of Minutes 7. Maintenance of Statutory Registers. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

After the scrutiny and verification, the registrar issues an examination report for the trademark. In that report, the registrar can come up with an objection. A response to this must be filed within a month otherwise the Trademark Registry will abandon the application. The timely filing of the trademark objection reply can save your time, money, and brand. Reply to objection Assess the examination report. You must get it done professionally. Get an assessment of the implications of notice. Get drafted objection reply and review it. Submit the response within 30 days. Trademarks are those marks which help business to get identified in the market. It is very easy to get the trademark registered but it is preferred by most of the business to get it done professionally in order to avoid any unwanted consequences. Trademark consultation with professionals is very much convenient. It has the following benefits- 1. Helps in the systematic filing of the application. 2. Registration is done in a manner as prescribed by the rules and regulations governing Trademark law. 3. Helps in removing ambiguities. An application not filed in a prescribed manner can be rejected and the applicant will get no legal right on the trademarks. That's why it is good to get trademarks registered professionally. Instade provides professional services at very reasonable rates.

LLP offers a benefit of company and partnership therefore many companies convert themselves into LLP to gain direct control over operations unlike in the case of a company where control is in the hands of directors. LLP registration has the advantage of self-governance and less compliance as compared to other types of corporate entities. LLP also has lesser compliance and easy to operate. Pre-requisites for conversion · All the members of the company become partners of LLP. · No unsatisfied Charges pending on the company. · Company has filed its latest financial statements and annual return with ROC. · Company has filed latest IT Return. · No prosecution has been initiated against the company. ·  Creditors of the company must have consented to the conversion. Documents required for conversion 1. Consent to act as Designated Partners and Partners 2. Address proof of the registered office of LLP 3. Subscribers Sheet 4. Identity and Resident proofs of designated partners and partners 5. All the details & documents of the company. 6. Statement of Shareholder Consent 7. Statement of accounts of the company certified as true and correct by the independent auditor 8. List of all the secured creditors along with their consent 9. Affidavit by directors verifying creditor along with creditor list 10. Shareholder List 11. Latest ITR Acknowledgement 12. Board Resolution. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

INCREASE IN AUTHORISED CAPITAL OF THE COMPANY Authorized capital is the maximum capital that can be issued by the company. The authorized capital of a Company determines the number of shares a Company can issue to its shareholders. If a company wants to raise more capital then it has to increase the authorized capital. Prerequisite to increase Authorised Capital 1. You must have a clause for an increase, if not, AOA must be altered first. 2. Shareholders must approve for the same. Documents required for increase Authorised Capital 1. MOA & AOA of the Company 2. List of Directors 3. List of Shareholders. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Companies incorporated in India are required to file their annual financial statements and annual returns with ROC every year. Failure to this compliance will result in legal actions or penalties. The company's management should fulfill the requirements on time. DOCUMENTS TO BE FILED WITH ROC 1. Form MGT-7 / MGT-7A – For the annual return of the company- All the Companies are required to file their annual return and other required attachments using Form MGT 7 within 60 days of AGM. The information contained in this form are- · Details regarding the registered office of the company, principal business activities, particulars of its holding, subsidiary, and associate companies. · Share, debentures, and other securities and shareholding pattern; · Indebtedness of the company. · Members and debenture-holders along with changes therein since the close of the previous financial year; · Promoters, directors, key managerial personnel along with changes therein since the close of the previous financial year; · Meetings of members or a class thereof, Board and its various committees along with attendance details; · Remuneration of Directors and key managerial personnel; · Penalty or punishment imposed on the company, its Directors or Officers and details of compounding of offenses and appeals made against such penalty or punishment; · Matters relating to certification of compliances, disclosures as may be prescribed; · Shareholding pattern of the company; and such other matters as required in the form. 2. FORM AOC-4 / AOC-4 CFS / AOC-4 (XBRL) / AOC-4 (NBFC) / AOC-4 CFS (NBFC) – For Financial statements and other documents- All companies are required to file their financial statements and mandatory attachments using Form AOC-4 each year. If financial statements remain un-adopted in AGM then they have to file within 30 days of AGM and if adopted then too within 30 days of AGM. Revised financial statements can also be filed using Form AOC-4.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Registering a business in Hong Kong is easy and cheap by hiring an agent. The most common type of business form in Hong Kong is Limited Liability Company. Documents required to register a company in Hong Kong 1. AoA of the company. 2. Registration which is having all the required details. 3. Copy of passport of directors and shareholders. 4. Copy of Certificate of Incorporation of the parent company, if any. Process of getting registered the company in Hong Kong The process just requires you to hire an agent and provide the required documents. The benefit of registering a company in Hong Kong · No requirements of citizenship. · No requirements of the physical presence of an owner. · Business can be freely operated from home country.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Incorporating any business in Dubai is not easy. Getting a trade license is mandatory and thorough research is needed before registration. Corporate laws are complex and are needed to be strictly adhered to. Documents required to register a business in Dubai 1. Articles of Association of the Company. 2. Details of the shareholders, directors, and business activities of the company 3. Copy of translated and notarized passports of shareholders and directors. 4. Forms issued by trade registrar. 5. Any other document or details demanded by the trade registrar.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

The UK is the most favorable place for locating offices because of its well-equipped infrastructure, basic facilities, and strong governance. Having an office is the most favorable thing for an international business. Online registration of the company in the UK is very easy. Documents required for getting a company registered in the UK 1. Constitutional Document of the company 2. Details of the name of the Company 3. Details of Director. 4. Director service address details 5. Registered office details. 6. Details of company shareholding pattern. Benefits of registration of a company in the UK · No citizenship required. · Strong corporate governance. · Tax Benefits · Regulatory and legal requirements are easier.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

The USA is having the largest market and lowest tax rates in the world. Every day new foreign companies are being registered in the USA. The process of registration is very easy. Business in the US can be set up in sole proprietorship, general partnership, LLC, or a Corporation. However, the entries for Indian companies are limited to an LLC or a C corporation in the USA. Documents required for incorporation company in the USA 1. Passport size photograph 2. PAN card 3. Address Proof & ID Proof. 4. Certificate of incorporation. 5. Bylaws of the company. 6. Organization's resolutions approved by the board. 7. Employee Identification number. 8. Assistance in opening a bank account. Benefits of incorporating companies in the USA · Lower tax rates. · Business-friendly laws. · Easy access to funds from venture capitalists.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

This registration enables organizations to get uniquely enrolled with the government which results in many benefits. To get the approval of government grants and funding under government schemes, this registration is necessary. Requirement for NITI AYOG Registration · The organization must be a Voluntary Organisation (VO) or Non-government Organisation (NGO). · The VO or NGO must be registered either as a Society / Trust / Private Limited Non-Profit Company under section 25 / 8 of the Companies Act 1956 / 2013. Documents required for NITI AYOG Registration 1. Copy of Trust deed/ MoA and AoA/ Certificate of registration. 2. PAN  card of the organization. 3. List of governing members of the organization. 4. PAN card, Aadhaar Card of the governing members 5. Valid email ID and mobile number for OTP. 6. FCRA Detail, if any. Benefits of NITI AYOG registration · Helps in getting government funding and other assistance. · Authentication of the organization. · Ensures the transparency of the organization. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

MSMEs are an important part of India's economy and they are important for the supply chain of products. Registration of MSME isn't mandatory but its registration gives various benefits. Eligibility for registering as MSME based on investment Sector- Manufacturing Enterprise & Service provider Investment in P& M / Equipment - Micro < 1 Crore, Small < 10 Crore, Medium < 50 Crore Turnover-Micro  < 5 Crore, Small< 50 Crore, Medium< 250 Crore *Both the criteria have to have complied. Documents required for MSME registration 1. Aadhaar Card of the Proprietor / Partner / designated   partner / Director / Karta / Authorised Signatory. ( Depending on the nature   of the entity) 2. PAN card 3. Proof of address of the business. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. 4. Copy of sale and purchase bill. 5. MoA, AoA, or partnership deed or registration document. 6. Copy of bills and machinery purchased. Advantages of MSME · Priority sector lending. · Power tariff subsidy available. · Capital investment subsidies. · Direct tax exemptions. Disadvantages of MSME · Lack of access to capital sources. · Higher cost (economies of scale couldn't be attained). · Less skilled workforce.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

If one has to do business in India, he has to get GST registration as it is the only tax levied on goods and services. For certain businesses, GST Registration is mandatory, however other businesses can opt for GST Registration voluntarily. Documents required for getting GST registration For Sole proprietorship/Individual business 1. Passport size Photograph of the Proprietor. 2. PAN Card of the Proprietor 3. Aadhaar of the Proprietor 4. Address proof of the Proprietor. · In the case of leased/rented property, the copy of the lease deed/rent agreement for along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 5. Bank account details. 6. Authorisation Letter. For Partnership Firm 1. Passport size Photograph of all the partners. 2. PAN Card of the Firm 3. PAN Card of all the Partners 4. Aadhaar Card of the Authorised Signatory 5. Address proof of all the Partners like Bank Statement, Utility Bill, aadhaar card 6. Partnership Deed 7. Address proof of the Principal Place of business of the Firm: · In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 8. Bank account details. 9. Letter of Authorisation. For LLP's 1. Passport size Photograph of all the Designated Partners. 2. PAN Card of the LLP 3. PAN Card of all the  Designated Partners 4. Aadhaar Card of the Designated Partner 5. Address proof of all the Designated Partners like Bank Statement, Utility Bill.  6. Copy of LLP Agreement 7. Address proof of the Registered office of the LLP: · In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 8. Certificate of Incorporation 9. Bank account details. 10. Board Resolution for Authorisation                      Advantages of GST registration · Ease of doing business. · Saving of money. · Elimination of multiple taxes. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Import Export Code is obtained for selling goods or providing services internationally. One cannot sell goods in a foreign market without IEC whether in big or small amounts. It is a 10 digit number issued by the Directorate General of Foreign Trade (DGFT), Government of India to a person who does import or export goods or services from abroad. Documents required for getting IEC. 1. PAN card of the business  / Proprietor. 2. Photograph of Director / Proprietor / Designated Partner / Partner / Authorised   Signatory / Karta, (depending on the form of entity) 3. Proof of identity of the Director / Proprietor / Designated Partner / Partner   / Authorised Signatory / Karta. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required. 4. Proof address of the business: · In the case of leased property, the copy of the lease deed along with an EB bill/water bill /telephonic bill. · In case of own property, copy of sale deed along with the   EB bill/ water bill / telephonic bill. 5. Current Bank account number along with the canceled cheque. 6. Banker's certificate. 7. Registration Certificate / Documents  of the business like COI, Partnership deed, Trust Deed, Society registration certificate, (depending on the form of an entity) 8. Cover letter of the company for issuing IEC. Process of getting IEC The process of getting an IEC is very easy. We just need to submit the IEC application to DGFT along with the required documents and prescribed fees. The DGFT after verification will issue the code. Importance of having IEC. · Acts as a license for doing business internationally. · Clearing of goods from custom is done by IEC. · Companies can enjoy various benefits by having IEC. · It restricts the transport of illegal goods. · No hassles for updating, filing, and renewal of IE Code registration. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Food Safety and Standards Authority of India (FSSAI) issued a food safety license to food business operators (FBO). Every food business operator involved in the manufacturing, processing, storage, distribution, and sale of food products must compulsorily obtain FSSAI Registration or License. It gives a 14 digit number that needs to be printed on food packages. It is basically a food safety certificate circulated by the food authority of India. Food Registration or License is basically based on the business volume and premises. Documents required for getting a food safety license 1. Duly-filed and signed application form 2. Authority letter and declaration form. 3. Plan or certificate for food safety management. 4. Proof of identity & address of partners/directors/proprietor along with passport size photograph. 5. Proof of address of the business. Such documents include lease deed, if leased property, or copy   of property papers, if owned property, along with electricity bill/water bill, gas bill/telephone bill 6. Charter documents of the business entity like Partnership deed / MOA / AOA / COI 7. List of Food items/product to be used 8. Supporting Documents like NOC by Municipal / Health NOC, etc. Advantage of getting a food safety license · Increases reliability and grows loyal customer base. · Helps in the expansion of business. · Legal advantages. Disadvantages of getting a food safety license · Interventions by authority. · High standards to be followed. · Hassle of renewal. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Digital Signature Certificate (DSC) is a signature in an electronic form for preserving the authenticity of the data sent to another party. It secures the data from unauthorized access. There are 3 different classes of DSC Class 1 for verifying the name and emails address of the individuals, Class 2 digital signature is used for filing documents, getting the company registered, obtaining any license, etc., however with effect from 01.01.2021 preparation of Class 2 DSC has been discontinued under the guidelines of CCA, and Class 3 DSC will be issued in place of Class 2, and Class 3 digital signature is mainly for E-auction and E-tendering. Documents required for DSC Registration 1. Passport-sized photographs 2. Proof of identity. Such documents include PAN, Aadhaar, Passport, Driving license or any other Government-issued photo ID having name & address would be required. 3. Proof of Address. Such documents include Aadhaar, Telephone bill,   Electricity Bill, Water bill, Gas bill, or any other Government-issued photo   ID having name & address would be required. 4. For organizations, an Authorization letter, and Organisational. The proof is also required. Advantages of DSC · Quick processing time. · Helps business in securing its personal from third-party intervention. · Having varied usage. Disadvantage of DSC ·  Unnecessary hassles.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

ISO certification helps organizations set standards and meet them which leads to trade development and innovation. It certifies that the organization is fulfilling the requirements of standardization. Eligibility/Requirements for ISO certification · Quality management system. · Established responsibility of management. · Management of resources. · Analysis and improvement procedures. Documents required for ISO registration 1. Copy of PAN card. 2. Proof of identity of Authorised Person. Such documents include Aadhaar, Driving license, Voter ID or any other Government-issued identity document would be required. 3. Proof of address of Authorised Person. 4. Passport size   Photograph of the Authorised Person 5. Two copies of the sale or purchase bill of business. 6. For an organization, a Certificate of Incorporation and MOA & AOA is also required. Advantages of getting an ISO certificate · Increment in credibility and authority of the business. · Standardized products and services · Efficiency of business increases with increased innovation. · Edge over competitors. Disadvantages of ISO Certificates · Costly process. · Lots of bureaucracy involved. · Requires greater accountability. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Start-up India scheme is implemented by the Department of Industrial Policy & Promotions (DIPP), Government of India. It aims at nurturing the ecosystem for start-ups. Eligibility/Requirements for Start-up registration 1. It must be a Private Limited Company / LLP / Registered Partnership firm. 2. The turnover should be less than Rs.100 crores in any of the previous financial years. 3. The business is working towards innovation, development, or improvement projects and should be the potential to generate employment / create wealth. However, an entity formed by splitting up or reconstruction of an existing business shall not be considered a Startup. 4. The business will be recognized as Start-up is for a period of 10 years from the date of its incorporation/ registration. Document required for Start-up Registration 1. Certificate   of Incorporation/ Registration 2. PAN Card 3. Company Details 4. Directors /Partners Details 5. Details of Authorised Representative 6. Revenue model and Uniqueness of the Product 7. A Brief about business and products/services and notes on innovations 8. Proof of concept like Website link / Pitch Deck / Video ( anyone ) 9. Patent & Trademark details (if any) Benefits of recognized start-up · SIDBI Funds. · Tax exemption. · Easy winding up of the company. · Government funding opportunity & participation in various Govt. schemes.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Professional tax is levied by the state government on government employees, salaried professionals,s and any person carrying on a business. Every state has its own laws and regulations to govern the professional tax of that particular state. The different States have different rates of professional tax. Documents required for Professional Tax Registration 1. Copy of MoA & AoA of the Company / Partnership Deed / LLP agreement. 2. Proof of identity of all the Directors / Partners / Designated Partners. Such documents include Aadhaar, PAN,   Passport, Driving license or any other Government-issued identity document would be required. (Self-attested) 3. Proof of address of all the Directors / Partners / Designated Partners. Such documents include the latest bank statement, Electricity Bill, water bill, mobile bill, etc. (Self-attested) 4. Passport size Photographs of all the Directors / Partners / Designated Partners. 5. Address proof of the business: · In the case of leased property, the copy of the lease deed for the registered office premises along with a NOC from the Landlord and EB   bill/property tax receipt/water bill copy of the premises. · In case of own property, copy of sale deed along with the EB bill/water bill copy of the premise. 5. PAN card of the business. 6. Details of bank account 7. Salary register of employees. 8. Resolution by board or Partners' consent. Note- Professional Tax registration is mandatory for businesses, salaried professionals and government employees.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

OSP provides services in the telecommunications industry using telecom resources. It is compulsory for OSP to get a license according to the New Telecom Policy, 1999 by the Department of Telecommunication. Registration required for- 1. Tele-medicine. 2. Tele-education. 3. Tele-banking. 4. Tele-training 5. E-commerce 6. Network Operations Center 7. Other IT enabled services or service which uses telecom resources Documents required for registration of OSP for a license. 1. Certificate of Incorporation. 2. MoA and AoA. 3. Resolution by Board or Power of attorney authorizing authorized signatory. 4. Proposed Business activities / Nature of business 5. List of Directors and Shareholding pattern. 6. A network Diagram approved by TSP to DOT cells for records & verification. Validity- 20 years, if not explicitly stated otherwise, and may extend for 10 more years on request.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

ISBN is a 13 digit identity number of International Publisher for holding bibliographic records. It is for monograph publications. Documents required for getting ISBN 1. Proof of identity of the Author. Such documents include Aadhaar, PAN, Passport, Driving license or any other Government-issued identity document would be required. 2. Proof of address of the Author. Such documents include bank statements, electricity bill, water bill, gas bill, and telephone bill 3. Content of the Book. 4. Cover Page and Title of the book. 5. Publisher & Printer details.   Process- After registration, the ISB number will be issued and the author will be required to submit the book to the ISBN agency.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

According to the Drugs and Cosmetics Act, 1940, every business dealing with any kind of drugs and allied products is required to get a license for it. Basic Requirement / Prerequisites for a Drug License · Commercial premises or other premises independent of residence. · Minimum area of the Office/Shop. · Refrigerator or Air Conditioner on the premises · A registered pharmacist or competent person with the same line experienced Documents required for getting Drug License 1. Constitution of the Entity - MoA & AoA /Partnership deed / LLP Agreement 2. Proof of identity of the Proprietor / Directors / Partners / Designated Partners. Such documents include Aadhaar, PAN, Passport, Driving license or any other Government-issued identity document would be required. 3. Address Proof of the business: · In the case of leased property, the copy of the lease deed for the registered office premises along with a NOC from the Landlord and EB   bill/property tax receipt/water bill copy of the registered office property. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill copy of the registered office   property 4. Site plan of the premises. 5. Invoice of the refrigerator or any other proof of storage space of cold storage. 6. Qualification proof of pharmacist. 7. Affidavit from a registered pharmacist or competent person 8. Affidavit of Non-Conviction, List of Equipment and Machinery for manufacturing, and List of Equipment Provided for Testing 9. Letter of appointment along with Bio-Data of Registered Pharmacist in case of Retail License. 10. Experience certificate of Competent Person for a wholesale licensee.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A trade license is a document of permission to carry on particular business activity. It is essential for businesses to take licenses to perform particular business activities and does give any ownership right of property. Generally, the provisions of the trade license are set up by the State Government. Eligibility/Requirements for getting Trade license · The applicant for a Trade license must not be minor. He/she should be of age more than 18 years. · The applicant must not have committed any fraud or must not have any criminal record in past. · The business objective must be legal and business must be lawful under the regulations of government. Documents required for getting a Trade license 1. Proof of identity of business owner/applicant. Such documents include Aadhaar, PAN, Passport, Driving license or any other Government-issued identity document would be required. 2. Proof of Address business owner/applicant. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. 3. In the case of leased property, the copy of the lease deed for the registered office premises along with a NOC from the Landlord and EB   bill/property tax receipt/water bill copy of the registered office property. 4. Proof of the establishment of the trade. 5. Latest Bank Statement with a canceled cheque. 6. Certificate of incorporation, MOA & AOA of the Company. 7. PAN Card of business. 8. Property Tax Receipt 9. Income Tax Return Statement 10. Affidavits 11. Other documents, if required. Advantages of getting a Trade license · Saves owner from few liabilities. · Makes the business more ethical. · Increases goodwill of the business. Disadvantages of getting a Trade license · Hassle of getting it renewed.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A fire license is a document of approval of the place or building being fireproof. It ensures that all fire safety measures are there. It is usually required for more populated and congested places where buildings are close to each other. The different State Governments process the issue of fire licenses in this country. Documents required for getting fire license 1. Two copies of the layout of a building. 2. Filled questionnaire. 3. A copy of the site plan, service plan, bank guarantee, any existing agreement, and undertaking. 4. Ownership/Tenancy documents 4. A copy of challan of the amount remitted. Process of getting Fire license The process is as follows: Submission of documents along with application and getting the license issued.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

1. Joint Venture ‘Joint Venture' (JV) means an Indian entity incorporated in accordance with the laws and regulations in India in whose capital a non-resident entity makes an investment. For setting up a joint venture, a non-resident entity enters into a joint venture agreement with an Indian entity. The joint venture is only possible in sectors in which FDI is allowed. Joint ventures can be set up in the form of a company or an LLP. Investments by non-resident entities in joint ventures can be up to maximum FDI permitted in that sector. 2. Wholly Owned Subsidiary The wholly-owned subsidiary can be set up by a foreign company that is engaged in a sector in which 100% FDI is allowed. Wholly owned subsidiaries can only be set up in the form of a company registered under the Companies Act. 3. American Depository Receipts/Global Depository Receipts ADRs/GDRs are issued by foreign banks in any foreign jurisdiction on the basis of underlying shares issued by an Indian company. Investment in ADRs/GDRs falls under the automatic route and does not require any approval. 4. REITs/INVITs/AIFs REITs/INVITs are set up in the form of trusts and are registered with SEBI. They issue units to investors, whether Indian or foreign, and make investments in other companies or entities. AIFs are investment vehicles that collect investments from investors on a private placement basis and invest them as per their schemes. Investment in AIFs is generally of a higher amount. 5. Foreign Portfolio Investment ‘Foreign Portfolio Investment' means any investment made by a person resident outside India through capital instruments where such investment is less than ten percent of the post issue paid-up share capital on a fully diluted basis of a listed Indian company or less than ten percent of the paid-up value of each series of the capital instrument of a listed Indian company. 6. Foreign Venture Capital Investment FVCI means an investment made through foreign venture capital investors registered with SEBI. They pool investment from foreign investors and invest them as per the SEBI regulations. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

1) Investment in listed/unlisted companies under Foreign Direct Investment A foreign individual can make investments in Indian companies under FDI policy up to the maximum FDI allowed in the sector in which the investee company is operating. FDI means investment in capital instruments. In the case of listed companies, FDI shall be 10% or more of the post-issue paid-up equity capital of the company. 2) Investment in LLPs under Foreign Direct Investment LLPs can accept FDI only if they are operating in sectors in which 100% FDI under automatic route is allowed by the government. 3) Investment in partnership firms/sole proprietorships Investments by NRIs in partnership firms/sole proprietorships can be either on a repatriable basis or on a non-repatriable basis. Investment on a repatriation basis means an investment, the sale/ maturity proceeds of which are, net of taxes, eligible to be repatriated (sent back to their own country) out of India. Investment on a non-repatriation basis means its funds cannot be transferred back to the NRIs country of residence nor can they be converted to any foreign currency. Investment by non-residents other than NRIs can be done after taking approval of the RBI.  4) Investment under Foreign Portfolio Investment Investment under FPI can be done after getting registered with SEBI. FPI under SEBI regulations can be made in listed securities of a body corporate, mutual funds, CIS, derivatives traded on a recognized stock exchange, REITs, INVITs, category III AIFs, IDRs, debt securities permitted by RBI. 5) ADRs/GDRs ADRs/GDRs are issued by foreign banks in any foreign jurisdiction on the basis of underlying shares issued by an Indian company. Investment in ADRs/GDRs falls under the automatic route and does not require any approval. 6) Foreign Venture Capital Investment FVCI means an investment made through foreign venture capital investors registered with SEBI. They pool investment from foreign investors and invest them as per the SEBI regulations. Investment by FVCI is done in venture capital funds, venture capital undertaking, and listed companies. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

India is a fast-growing economy with immense business opportunities. The government of India has also taken various steps to promote ease of doing business in India and also to attract foreign investments in various sectors. However, there are a number of challenges that a person needs to face to do business in India. Some of them are discussed below: Infrastructure- Though progress has been made, India's infrastructure of roads, railroads, airports, seaports, power grids, and telecommunications infrastructure present challenges to its growing economic status and ability to deliver public services. Massive population growth, growing urbanization, and rising incomes put pressure on the government to improve the country's infrastructure. Safeguarding intellectual property- It's important to understand intellectual property issues within India. Although local laws are thorough and generally compatible with EU and U.S. IP laws, there is some concern about the enforcement of these laws. Regulatory approvals and licenses- An entity requires a large number of regulatory approvals and government licenses for doing business in India. Based on the type, an entity needs to get registered under the specific Act governing that entity.  A vast and fragmented market- The sheer size and fragmented nature of the Indian market can also present a challenge for investors and businesses. Indian states are often compared to individual nations, given their size and diversity in language, culture, talent, and infrastructure. This creates a considerable variance in business landscapes. Different law structures of states- The governmental framework in India is imposing hurdles in the way of effective business due to different law structures in different states.  Ease of doing business- Though progress has been made, India still lags behind many larger nations in critical metrics such as starting a business, enforcing contracts, registering property, and getting electricity.  Taxation systems in India- India's tax structure is highly complex taking on average 214 hours a year to prepare and pay taxes according to the World Bank.  Laws, rules, and practices can be confusing, and foreign companies who don't seek specialized help may overpay some taxes and underpay others.  Trading Across Borders- Despite India opening its borders to international trade, there are still several hurdles to overcome when importing and exporting goods.  Recruitment in India- Accessing the right skills, staff retention, and high levels of employee turnover can be a challenge in India. Employment laws in India are complex. Risk of bribery and corruption- Companies operating or planning to invest in India face high corruption risks. India slipped from 79th to 81st position in the most recent Transparency International's Global Corruption Perception Index.     Dispute Resolution System- The dispute resolution system of India leads to the drainage of ample time and money and also causes mental harassment to the parties involved in the dispute. Investment Climate of India With regard to the foreign investments in doing business in India, investors can now invest directly in India without prior approval of the Indian Government in most sectors, but there are few sectors where prior approval is still required. Convincing the government about the usefulness of the project is still a big hurdle in foreign investments.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Registration of Trust A Trust is formed when an owner of a property (trustor) transfers it to a person known as a trustee, for the benefit of a third party known as the beneficiary. There are two types of trust- Public Trust and Private Trust. Trust is governed by and registered under the Indian Trust Act, 1882. Eligibility/Requirements of Trust Incorporation · Minimum of two trustees. · Forming Trust Deed. Documents required for Trust Incorporation 1.Proof of identity of the trustors and trustees. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required. (Self-attested copy) 2.Proof of address of the trustors and trustees. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. (Self-attested copy) 3.No Objection Certificate from the owner of the Address to   be used as a Registered Office address 4.In the case of leased property, the copy of the lease deed and copy of the Electricity bill   / Water bill / Gas Bill / Telephone Bill for registered office property   (should not be older than 2 months). 5.In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill for registered office property (should not be older than 2   months). 6.Trust deed on Non Judicial stamp paper. 7. Passport Sized Photograph of all the members. Advantages of Trust · Management continues even after the disability of the member. · Better control over assets. · Investment management remains uninterrupted. · Flexibility of using funds. Disadvantages of Trust · High incorporation cost. · Cash can be accessed by creditors. · Not so responsive to changes. · Property has to be re-registered in the name of trust which involves cost. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Nidhi Company is incorporated with the sole object of encouraging the habit of thrift and saving among its members, receiving deposits, and also lending the same to its members only. All its transactions lie with its members only. The Company is registered under the Companies Act 2013 and managed as per RBI's Guidelines. The capital is raised from its members only. Eligibility/requirements for registering Nidhi Company · Minimum of 3 directors. · Minimum of 7 shareholders/members. · Minimum capital requirement of Rs.5 lakhs. · Business for the mutual benefit of members only. · Business objective of saving and lending money. Requirements after registration of Nidhi Company · No. Of members must 200+at the end of 1st year. · NOF should be Rs.10 lakh or more · NOF to deposit ratio should not be exceeding 1:20. (i.e. NOF:Deposits = 1:20) · Unencumbered deposits should be not less than 10 % of outstanding deposits. Documents required to register Nidhi Company 1. Passport-sized photographs of directors. 2.Proof of identity of all the shareholders and directors.   Such documents include Passport, Driving license, Voter Id (Self-attested copy) 3. Proof of address of all the directors and the shareholders. Such documents include bank statements, electricity bill, water   bill, gas bill and telephone (should not be older than 2 months) (Self-attested copy) 4. · No   Objection Certificate from the owner of the Address to be used as a   Registered Office address. · In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for   registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. 5. Indian nationals are mandatorily required to provide an attested copy of PAN 6. Foreign nationals must submit attested passport copies. 7. Memorandum of Association (MOA) and Articles of association (AOA) Advantages of Nidhi Company · Limited liability of members. · More credible. · Access to public funds is permitted. · Ease of registering and processing the business. · Limited RBI Regulations Disadvantages of Nidhi Company · Cannot issue shares and debentures. · Cannot accept deposits from the Public. · Filing of annual financial statements is compulsory. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A producer company is formed by primary goods producers for mutual benefits from the production done in the company. This company also accepts deposits from its members and provides them loans. It is registered under and governed by the Companies Act, 2013. Eligibility/Requirements for opening a Producer Company · Minimum of 10 members who are producers (individual). · Or, Minimum of 2 institutions as members who are involved in production activity. · Minimum capital of Rs.5 lakh. · Minimum 5 persons to be acting as directors. Documents required for registration of Producer Company 1. Proof of identity of all the members and directors. Such documents include   Passport, Driving license, Voter Id (Self-attested copy) 2.Proof of address of all the directors and members. Such documents include bank   statements, electricity bill, water bill, gas bill, and telephone (should not   be older than 2 months) (Self-attested copy) 3. Indian   nationals are mandatorily required to provide an attested copy of PAN 4. Foreign nationals must submit attested passport copies. 5. · No   Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. Advantages of Producer Company · Members receive bonus shares. · Members receives patronage bonus out of surplus income. · Certain tax benefits are available subject to the company's agricultural activities. · Members can get the credit facility easily. Disadvantages of Producer Company · Lack of capital available. · Less competitive ability of members leads to lack of efficiency in running a business. · Transparency of business leads to a lack of secrecy. · Extreme government regulations. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

HUF business is done by joint families in India where they pool resources from ancestral property. It is headed by Karta of the family who is generally the oldest male member of the family. Eligibility/Requirements for registration of HUF · Presence of Joint family. · Hindus, Buddhists, Jain's, and Sikhs can form Hindu Undivided Family. · Presence of ancestral property. Documents required for registration of HUF 1. PAN of   the Karta 2. Driving   License/Passport/Voter ID 3. Electricity   Bill or any other utility bill for the address proof 4. HUF deed Advantages of HUF · Tax benefits. · Minor can be a member. · It is recognized in the whole of India except Kerala. Disadvantages of HUF · Dissolution on the partition of family. · All members have equal rights irrespective of anything. · Any addition to family becomes a member. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

NBFC are those companies that provide various financial and non-financial services. NBFC is a Private or Public Limited Company registered under the Companies Act, 2013, and also has to obtain a Certificate of Registration from RBI. They work differently from commercial banks and cooperatives and do not need to hold a banking license. Eligibility/Requirements for registering NBFC · Good credit stores with no defaults. · Minimum Net Owned Fund (NOF) of Rs.2 crores. · Business plan for next five years. · 1/3rd of the total number of directors must possess finance experience · Registration is compulsory. · If foreign investment involved, then the company must comply with FEMA Act. Documents required for registration of NBFC 1. Proof of identity of all the shareholders and directors. Such documents include   Passport, Driving license, Voter Id (Self   attested copy) 2. Proof of address of all the directors and the shareholders. Such documents include   bank statements, electricity bill, water bill, gas bill and telephone (should   not be older than 2 months) (Self-attested copy) 3. Certificate   of Incorporation, MOA, and AOA of the company 4. Proof of address of the company. 5. Company's GST number and PAN card copy. 6. Net worth certificate of Directors Shareholders and company. 7. Educational qualification proof of Directors. 8. Resolution from the company's member of the Board for approval of its formation. 9. Bank account details of the company with NOF deposited in it and well audited for the last 3 years. 10. Report from the bank with no lien remark on the initial NOF. 11. Organizational structure's plan and Information Technology Policy of the company. Advantages of NBFC · Largest source of ushering finance into the country. · It can underwrite stocks and shares. · It can do wealth management activities. · It can provide loans and credit facilities. · Easy recovery of the loan. Disadvantages of NBFC · It cannot accept demand deposits. · It is having a stringent regulative mechanism. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A society is a business done to serve society by a group of members and not to earn profits. It is registered as a legal entity under The Societies Registration Act, 1860. It is generally formed for charitable activities. Eligibility/Registration for registration of HUF · The objective shall be legal and for charitable, scientific, and literary purposes. · Minimum of 7 members. Documents required for registration of Society 1.· No   Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. 2. Proof of identity of all the members. Such documents include Aadhaar, Passport,   Driving license or any other Government-issued identity document would be required. (Self-attested copy) 3. Proof of address of all the members.   Such documents include bank statements, electricity bill, water bill, gas bill, and telephone (should not be older than 2 months) (Self-attested copy) 4. PAN of all the members. 5. Affidavit no. 1 for NOC of registered office and its ownership. 6. Affidavit no. 2 for the name of the society and members not being related to each other. 7. MOA Process of registration of HUF It includes- 1.  Selection of name. 2. Creation of MoA and signing MoA by all members after required document submission. Advantages of Society · Having contractual rights being a separate legal entity. · Exempted from income tax. · Limited liability of members. · Having secured assets. Disadvantages of Society · Transparency leads to a lack of secrecy. · Undue government interventions. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Section 2 (62) of the Companies Act, 2013 defines “One Person Company means a company which has only one person as a member. The One Person Company is an advancement of sole proprietorship form of business. There is only one person who acts as a promoter and director who have full control over the company. It is registered under the provision of the Ministry of Corporate Affairs (MCA). Eligibility/Requirements for registering One Person Company · Only a natural person who is an Indian Citizen whether a resident of India or not is eligible. So NRI's are also eligible to incorporate OPC's. · Any company or LLP or business with financial activities cannot register an OPC. · A natural person shall not be a member of more than a One Person Company at any point of time and the said person shall not be a nominee of more than a One Person Company · Nominee (a natural person who is an Indian Citizen whether a resident of India or not) must be appointed during registration. Documents required for registering a One Person Company. 1. Proof of identity of the shareholder. Such documents include a Passport /Driving license / Voter   ID Card. 2. Proof of address of the shareholder. Such documents include bank statements /electricity bill /gas bill/telephone bill. 3. Memorandum of Association (MOA) and Articles of association (AOA). 4. Passport   size photograph of Shareholder 5. Consent   of the Nominee of the OPC in INC 3 6.No Objection Certificate from the owner of the Address to be used as a Registered Office address. 7. In the case of leased property, the copy of lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property. 8. In case of owned property, copy of sale deed and copy of  Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property.     Advantages of One Person Company · Less compliances to be maintained. · Status of separate legal entity. · Perpetual existence. · Great opportunity for small business to expand. · Having contractual rights. · Full Control over the Company with a Single Owner · Easy to raise funds and loans · NRI's can also incorporate OPC · OPC can be converted into Private Limited Company / Public Limited Company by following the provision of Companies (Incorporation) Rules, 2014 and Private Limited Company can be converted into OPC by following the provision of Companies (Incorporation) Rules without meeting any of the criteria's as to paid-up share capital beyond 50 lakh rupees and average annual turnover during the relevant period exceeds 2 crores. · The requirement of compulsory conversion on exceeding the specified turnover or paid-up capital is done away with and now the One Person Company can grow without any restriction. Drawbacks of One Person Company · A foreign national, minor, or any corporate entity cannot participate in One Person Company. · OPC cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

Limited Liability Partnership is a combination of Corporation and Partnership business. LLP contains elements of both ‘a corporate structure' as well as ‘partnership firm structure'; it is many a time termed as a hybrid of a company and a partnership. The liability of the partners is limited just like any company but unlike the company's shareholder's partners have the right to manage the business. LLP is incorporated under LLP Act, 2008 read with LLP Rules,2009. Requirements/Eligibility for registering LLP. · Legal partnership agreement. · Legal business objects. · Minimum of two-person to be acting as a Designated Partner. · Registered office for LLP. · Capital Contribution. · One designated partner must be a resident of India. · Name of the LLP must be unique.  Documents required for registration of LLP  1. Proof of identity of the Partners. Such documents include   Passport, Driving license, Voter Id (Self-attested copy). 2. Proof of address of the Partners. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills (should not be older than 2 months). 3. Indian nationals are mandatorily required to provide an attested copy of PAN 4. Foreign nationals must submit an attested passport copy. 5. No Objection Certificate from the owner of the Address   to be used as a Registered Office address 6. In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). 7. In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill for registered office property (should not be older than 2 months). Advantages of LLP · Status of separate legal entity. · Possesses contractual rights. · Corporations can be owners in LLP. · Limited liability of partners while enjoying features of the company. Disadvantages of LLP · Transparency of business leads to a lack of secrecy. · LLP running with less than 2 members has to be dissolved. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  

A Trust is formed when an owner of a property (trustor) transfers it to a person who is known as the trustee, for the benefit of a third party who is known as the beneficiary. There are two types of trust- Public Trust and Private Trust. Trust is governed by and registered under the Indian Trust Act, 1882. Eligibility/Requirements of Trust Incorporation · Minimum of two trustees and Forming Trust Deed. Documents required for Trust Incorporation 1. Proof of identity of the trustors and trustees. Such documents include Aadhaar, PAN, Passport, Driving license or any other Government-issued identity document would be required. (Self-attested copy) 2. Proof of address of the trustors and trustees. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. (Self-attested copy) 3. No Objection Certificate from the owner of the Address to be used as a Registered Office address 4. In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). 5. In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). 6. Trust deed on Non Judicial stamp paper and Passport Sized Photograph of all the members. Advantages of Trust- Management continues even after the disability of the member. Better control over assets. Investment management remains uninterrupted. The flexibility of using funds. Disadvantages of Trust- High incorporation cost. Cash can be accessed by creditors. Not so responsive to changes. Property has to be reregistered in the name of trust which involves cost. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast | Breaker

A sole proprietorship is the most common and simplest form of business owned, controlled, and managed by a single person. It is having the least number of formalities to be done as compared to other forms of business. Eligibility/Requirements for registering a Sole Proprietorship Business · A legal business objective. · Sole person who will run the business. Documents required for registration of Sole Proprietorship business. 1. Identity proof which includes documents like Aadhar card, voter ID card, etc. 2. Address proof which includes water bill, electricity bill, or any other utility bill. 3. PAN card property of the sole proprietor. 4. Any license in case the business requires. Ways to register Sole Proprietorship in India. 1. Register under the Shop and Establishment Act. 2. Get a Udyog Aadhaar under the Ministry of MSME. 3. Get a GST registration. Process of registration of Sole Proprietorship business The process of sole proprietorship registration with us requires you to 1. submit documents and fill our form and we will file them to authorities and, 2. we will intimate you about the registration once the authorities approve it. Advantages of Sole proprietorship business · No need to file financial statements to any authority. · Ease of starting a business. · Can be started with less cost. · Less legal compliances required. · Only one person is required to start a business. · Owners have complete and direct control over all decision making Disadvantages of sole proprietorship business · Unlimited liability of the proprietor. · fewer sources of funds available. · Becomes difficult to be managed by a single person when business grows at a very fast pace. · Business continuity ends with the death or departure of the owner So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast | Breaker

IRC - Instade Regulatory Calendar - Tutorial

Registration of Nidhi Company

Registration of a Partnership Business

Registration of Sole Proprietorship Business

Registration of Trust

Registration of a Limited Liability Partnership

All about Incorporation of a One Person Company in India