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Procedure of Company Registration

Wed, 22 Aug 2018 11:30:00 +0000

There is a rise in the number of startups in Indian Economy. One can establish a business choosing any business model like sole proprietorship, partnership, LLP or a company depending upon their business model and number of promoters. Many prefer to incorporate a company as it provides various benefits like limited liability, perpetual succession, separate legal entity etc.

There are different types of companies like;

• Private Limited Company

• One Person company

• Public Limited Company

• Nidhi Company

• Section 8 Company for charitable purpose etc.

Companies can also be categorized as;

• Company limited by shares

• Company limited by guarantee

With an objective to promote the corporate culture and keep track of the market players the government has taken various steps and initiative to make the company registration process easier. Earlier this year this process was further simplified. In this article we will discuss about procedure company registration in India.

Company Registration Procedure

Anyone willing to incorporate a company in India has an option to choose from any of the below mentioned options;

1. Incorporation after name approval

2. Direct incorporation

We will discuss both the alternatives here.

Incorporation after name approval

It is recommended to incorporate a company only after company name registration. For name reservation Reserve Unique Name (RUN) Service is available on the Ministry of Corporate Affairs portal. The applicant is required to apply with two unique names. Once a name is approved it is reserved for a period of day only.

The applicant is required to file SPICe form for incorporation within 20 days of name allocation. It is required to be submitted as a linked form along with SPICe AOA and SPICe MOA.

Direct incorporation

The other option is to file for incorporation through SPICe Form without name approval. Following mentioned all the services are covered under SPICe Form;

1. Name Approval

2. Company Incorporation

3. DIN Allotment

4. PAN Allotment

5. TAN Allotment

6. Registered Office Registration

Source by https://enterslice.beep.com/procedure-of-company-registration-2018-08-22.htm

Registration of A Private Company in India

Sat, 18 Aug 2018 06:58:00 +0000

In case you wish to register a private company, it must be registered under The Companies Act 2013. To incorporate a company one need to have 2 directors and shareholders (both can be the same). However one of the directors must be resident in India. The compliance part in the private company is less as compared to a public company, hence it is usually recommended to start with the private company. As opting for Private Company shall limit the Liability to an extent when compared to liability in the Public company, the usually private limited company is preferred Incorporation of Private Company:

The process of registration for the Private Company starts with firstly applying for name approval on MCA Portal by Clicking on RUN (Unique) whereby maximum 2 names at a time can be proposed and fees of Rs 1000/- is required to be paid. The name reserved shall be valid for 20 days from the date of approval of Name. However, in case of name approval for existing company (Change of name), the approved name shall be valid for 60 days. Thereafter fill in the application for incorporation SPICE INC 32 form along with DIN application for Directors (Maximum 3 Directors), ROC registration, PAN/TAN application of the company. Yes this single form itself can be used for many purposes as stated. The details of Subscriber can be given of maximum 7 subscribers. To detail about more than 7 subscribers, physical signed copy of MOA and AOA is to be filled. After the incrustation of the application Incorporation certificate shall be generating with CIN, PAN & TAN..

Source by: https://enterslice.beep.com/registration-of-a-private-company-in-india-2018-08-18.htm

Registration Process of Copyright

Fri, 17 Aug 2018 11:12:00 +0000

The copyright registration is obtained by those who are willing to protect their dramatic/literary/musical/artistic/musical and artistic works/cinematography or sound recording or as the case may be against being copied or used by the third party, other than inventor or owner of the invention. In other words, a copyright provides you the right of reproduction, communication to the public at large, translation and adaption of the work.

In order to register the copyright, one need to apply to the DD or the IPO, thereafter a Dairy number shall be issued, within 30 days of which objections shall be invited vied the publication in case there is no objection. Thereafter it shall be scrutinized by the examiner, and if no discrepancy found registration shall be approved. However in case objection is received the letter will be issued to the applicant and the objection raiser and hearing shall be held , basis which the application shall be accepted or rejected , if objection is rejected it will move to the next step wherein it shall be scrutinized by examiner, in case discrepancy found , discrepancy letter shall be issued and reply of applicant is awaited, followed by hearing, if all goes well then registration is approved otherwise application stands rejected. On approval extracts from the register is sent to the applicant.

Source by: https://enterslice.beep.com/registration-process-of-copyright-2018-08-17.htm

How to Enroll Private Limited Company

Fri, 10 Aug 2018 05:08:00 +0000

Private company registration is governed by rules and regulations of the Companies Act 2013. Private Company is a type of Company, before understanding Private Limited Company Registration, let’s understand.

What is meant by the company?

A Company is a legal entity and a corporate body having a common seal, and it holds the right transfer or deals in the property it in the form of holding a property or selling the property or buying the property in its own name. In order to form a company at least two shareholder and two directors should be present, however, OPC- One Person Company is an exception in which 1 director and1 shareholder is required, who can be the same persons. It is mandatory that one of the directors must be an Indian resident.

What is meant by Private Company?

Private Limited Company (PLC) – A Private company is a company it must have at least 2 people as the shareholder and 2 directors, the 2 directors, and shareholder can be the same.

The shareholders are the owners and directors, who run the business.
The directors owe the limited liability towards the shareholders and members.
A private company can have a maximum of only 200 shareholders.

Registration Procedure for a Private Company:

Obtain the DSC-Digital Signature certificate for the directors and such required personals who may require to sign on documents of the company.
Apply for DIN (Director Identification Number) for the directors.
Thereafter check the name availability for the company. The application fees for name availability check is Rs 1000/- for one time, propose two names with preference.
Fill in the Form SPICE-32 for the application to incorporate the company.
The MOA and AOA are required to be uploaded in SPICE-32, thus prepare the memorandum of Association and Article of Association of the company basis the object with which it has formed.
The last step shall be to apply for PAN and TAN for the company.

Why Company Registration and Its Need

Wed, 08 Aug 2018 11:53:00 +0000

Did you ever think about why we need company registration if the company is made by you and services are also offered by you than everything about your services and products is dependent upon your Company than what is the need of Company Registration

Incorporation of Private Limited Company and Business means your business is registered under Companies Acts according to your company services and products your Business License is Approved by the Country Government to Legally do Business and to make transparency between your business and govt. because according to Government Guidelines you have to follow the Systematic rules and Regulations that is known as Management Principle of Business because if you are running a company it means your company have an employee As According to the Companies Acts you have to fulfill all the terms and conditions to get Business/Company License to run the business.

Need to Register your Company

Sometimes you have started a business with an idea to give your values and services as a small scale business person E.g. If you are running a business with 10 employees and continuously you are growing and now you form a Company but still, you don’t Register Your Company in the knowledge of Govt. but somehow if you get caught by the govt. without license and registration, you are running Company than you’ll be Fined maybe get Blacklisted.

So, Private Limited Company Registration is Framework which authorizes you from Govt. to do business and run a company Legally Enterslice helps you to register your Company under the Companies Acts and Government Guidelines which fulfill your business services and products.

Source by - https://enterslice.weebly.com/blog/why-company-registration-and-its-need

FSSAI Registration for Fine Dining Restaurant

Mon, 06 Aug 2018 09:20:00 +0000

A fine dining restaurant is characterized by high-quality food with a choice of Indian and Western cuisines and attractive dishes to choose from, it is a sit-down or a formal type of lunch and dinner, caters to premium and niche clientele and employs some of the best chefs and employees from the industry. Opening a fine dining restaurant involves investing in the best of everything and hence requires a handsome investment.

One of the primary registrations as a food operator, the promoters/owners of the restaurant need to apply and procure the food license under the Food Safety Standards Act, 2006. The FSSAI that works under the Ministry of Health and Welfare is responsible for ensuring that each and every Food Business Operator (FBO) in the country follows norms related to food safety and hygiene. It also ensures that consumers and other stakeholders in the country are informed from time to time on the safety and hygiene standards so that they can make informed decisions while choosing food for consumption. The FSSAI license is a way of communicating to the customers that the food has been prepared and handled in a safe and hygienic manner.

The Food Safety Standards and Authority of India have set down rules clearly demarcating between the three different types of FSSAI licenses that apply to different FBOs in India.

A. The basic FSSAI license or registration is applicable for small-time food operators with annual returns less than Rs. 12 lakh annually.

B. The State FSSAI license is needed to be procured by FBOs whose turnover falls between Rs. 12 lakh to Rs. 20 crores.

C. The FSSAI Central license is applicable for business units that are earning more than Rs. 20 crore annually.

For business units, involved in dairy products, vegetable oil processing and other food processing units, normal storage units, cold storage units, atmosphere controlled storage facilities, wholesalers, food vending agencies, transporters and hotels have production/storage/turnover/number of vehicles related parameters to determine their eligibility for procuring either the State or the Central license.

A fine-dining restaurant will invariably fall under the state or the central license categories. For issuing both these types of license, the concerned authorities will first physically inspect the premises of the FBO and accordingly grant the license. The food is also tested on a routine basis at FSSAI Notified food testing laboratories that are accredited by NABL (National Accreditation Board for Testing and Calibration Laboratories).

In establishing a Fine dining restaurant many other formal registrations are required. Following is a list of few such requirements;

1. Initially, the business is required to be registered. If you are operating alone then sole proprietorship or one person company are the obvious choices. However, if you are planning it with your partners then an LLP or private company can be set up.

2. GST registration is to be applied for. if you are not planning to serve liquor in the restaurant then you can also register as a composition dealer under GST.

3. Trade license along with NOC from fire and other concerned departments is required to be applied for.

4. Registration under Shop and Establishment Act is also mandatory.

5. You can also apply for MSME registration as it ensures added benefits.

FSSAI Registration Requirements for Fast Food Joint

Sat, 04 Aug 2018 09:01:00 +0000

At a fast food joint, a customer gets to buy fast food – one that requires minimal time in preparation of food and a nominal amount of service at the tables. The ingredients of the food are usually stored in the frozen, preheated or precooked format and hence are served quickly in a packaged form that is easy to eat at the joint or take-away. Since it is a type of restaurant and deals in the manufacture, storage, sale and distribution of food, the joint has to be licensed by the Food Safety Standards and Authority of India (FSSAI).

The FSSAI license is a fourteen digit number that provides information about the food operator’s license or registration. This number is divided into 5 parts – first digit indicates that the FBO is a registered license holder; the next two digits indicate the state code; the next two digits indicate the year of registration with FSSAI; the next three digits denote the registering authority and last 6 digits stand for the FBO’s license/registration number.

As a food manufacturer, a fast food joint has to either take the FSSAI Central license or the state license depending on the expected turnover of the business annually. In case the food joint is present in multiple locations in India in different states, then the state license needs to be procured from the respective state licensing authorities. In this case, the central license is also required because of its multi-location presence.

As per FSSAI regulations, the fast food joint needs to put up the license number on a Food Safety Display Board in the premises of the joint. Along with the license number, the board also requires to detail out 12 golden rules prescribed by the FSS Act, 2006 for restaurants that pertain to observing hygienic practices within the premises of the joint.

Registering for the license for the first time can be done online from FSSAI website direct by filling out Form B. The supporting documents that are required to be submitted are – Aadhaar and PAN card details of the owner; passport size photograph of the owners; utility bills as proof of ownership of the premise or lease agreement in case of rented property. The license fee also needs to be deposited along with the form and documents. Once the validity of the license nears expiry, the owner needs to renew the license.

Along with the establishment will also require other licenses and permissions also like Trade License from the Municipal authorities of the area, registration under shop and establishment Act etc.

Ice Cream Parlour- FSSAI Compliance

Wed, 01 Aug 2018 10:06:00 +0000

Opening an ice-cream parlour means one can either take the franchise of one of the branded ice-cream chains or start an independent parlour. The ice-cream parlour is undoubtedly going to face competition from the roadside ice-cream carts that sell branded ice-creams. But an ice-cream parlour is surely going to attract attention soon – firstly because of the luxury of being able to sit and enjoy the sweet delicacies at the parlour; secondly, because there are lots of options for the consumer to choose from and thirdly because the parlours take home delivery orders too.

Since this type of outlets deals in food –manufacture, storage, sale, and distribution – it is mandatory by the rule of the land to obtain the FSSAI license from the Food Safety Standards and Authority of India. The head office of this statutory body is in the national capital and it has its branches at the state level.

Applying for the applicable FSSAI license/registration involves:-

a. Understanding the expected turnover of the business.

b. Identifying and accordingly applying for the correct license/registration type online and submitting the mandatory documents and fees.

c. The license/registration is issued after going through an inspection process.

Generally, the license is received within 60 days after due completion of the documentation and inspection process but if the license/registration is still not received; then the promoters/directors can start operations without waiting to receive the license/registration.

The FSSAI registration is not awarded for a lifetime. It expires after a period of time which generally extends from one to five years. It applies to all the three types of FSSAI registration – Central License, State License, and State registration.

If the business plan of the ice-cream parlour is to cover different states of the country or even export abroad, then the Central License has to be obtained on a compulsory basis. In the former case, the promoter/director needs to apply and get an individual license from respective state authorities. For the latter case, only the central license is enough. However, if the ice-cream parlour is to operate only in a localized region and has proposed an annual turnover of Rs. 12 lakh or more, only the state license is enough. On the other hand, if the proposed return is less than Rs. 12 lakh then the state registration needs to be obtained.

Along with FSSAI registration, the following registrations are also required:-

1. Business registration either as an LLP, company or partnership firm depending upon the requirements.

2. Registration under shop and establishment Act for the work premises.

3. GST registration for the business is also to be acquired.

4. You can also apply for MSME registration. However, this is not a mandatory registration but entails various benefits for the organization registered under it.

Private Limited Company Choices of Business Tycoons

Tue, 31 Jul 2018 10:48:00 +0000

As on average scale Private Limited Company Incorporation in India is registered maximum as compared to other companies type Registration that result is surveyed by the Enterslice (Award Winning CA and Legal Technology Company) Technically this all depends upon need of the Company Directors As we know there are several factors based on companies formation after dealing all this we get the best result on which type of company Registration you need.

Private Limited Business Formation

Business Formation is same as company registration in which you have to take Authorization from Govt. for the Business that is a process of register your business under certain Acts and Laws of Government Guidelines for this, there is Enterslice Stand for you for Company Formation and Registrations.

Business and Growing Day by Day as on Alarming Rate just because of to make this world “Smarter Faster and Better” here Entrepreneur, Tech Geeks, and Business Tycoons Firstly go for Company Registration i.e. PrivateLimited Company Registration because normally its take time around 7-10 Working Days Maximum.

Pvt. Ltd. Companies Advantages

FSSAI Compliance for Sweet Shop

Mon, 30 Jul 2018 08:43:00 +0000

A sweet shop can be started in two ways – (1) preparing the sweets in the shop premises and selling them or (2) working as a re-seller which means that the sweets are prepared by another business entity and you sell them on their behalf. Either ways it means that the business needs to have the capacity to prepare/stock-up and deliver in bulk as sweets are popular dessert items in India. One important thing to remember is that the item is perishable by nature, so the business needs to be aligned accordingly.

One of the keys and foremost licenses that need to be procured for either of the cases above is the FSSAI license from the Food Safety and Standards Authority of India. FSSAI is an independent statutory body that was formed under the Food Safety and Standards Act, 2006. The body reports into the Ministry of Health & Family Welfare, Government of India.

The basic purpose for creating the license is to ensure the manufacture, storage, distribution, sales and import of safe and wholesome food that can be consumed by human beings. The FSA functions in a way so as to guarantee and regulate that scientific standard are used for handling food items whether it is manufacturing, storing, distributing or sale of the item.

The process of obtaining the FSSAI license

If the sweet shop is a local shop limited to only one state or location and the proposed annual turnover will not be more than Rs. 12 lakh, then the owner should apply for the FSSAI Registration State License. This license is applicable for a medium-sized manufacturer, storage unit, distributor or marketer that is issued by the State Government. The license can be applied for a minimum period of 1 year and a maximum of 5 years.

1. The FORM B needs to be submitted to the State licensing authority as per the FSS Act.

2. The application needs to have a self-attested declaration signed by the promoter/director/owner that the unit shall conform to the Food Safety and Standards Act and follow all the rules and regulations pertaining to hygiene and sanitary practices.

3. The required documents and the fees also need to be submitted simultaneously.

4. There will be an inspection at the sweet shop.

5. The license is issued within 60 days.

The FSSAI License/Registration number needs to be displayed at the premises of the sweet shop using the FSDBs (Food Safety display Boards).