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Establishing a company of their own would be the dream of most of the people. There are specific steps and regulations to be followed when registering a new company or a startup company. The registration process has been made simple by the Ministry of Corporate Affairs (MCA). The online company registration procedure is explained below.

Apply For Direct Identification Number (DIN)

One can download the DIN-1 form from the MCA website. When you wish to register a company, then you have to create a login id in the MCA website. Now fill the DIN-1 form and upload it with the help of eForm upload button that is available in the MCA website. You must also pay the fees for the registration process. Now your DIN number would be generated, and you intimate it to your company by filling the DIN-2 form. The Registrar of Corporate should be intimated about the new DIN by filling the DIN-3 form. If you require a change in DIN, change in name, address or other personal details, then you have to fill the DIN-4 form.

Apply For Digital Signature Certificate(DSC)

The digital signature certificate is required to make sure that the electronically filed documents are authentic. You must apply for the DSC certificate through agencies listed by the controller of certification agencies. DSC that you acquire gets expired within two years, and it should be renewed.

Register On MCA

As mentioned above when you wish to register for a startup company, visit the MCA site and register for a user account.

Apply For The Company

This is the final step of the registration process. You have to fill the Form-1A for applying for the company name. Fill the Form-1 for incorporation of your company name. Fill the form-32 to intimate the appointment of Directors, Managers, and Secretaries for your company. All the above form should be submitted, and MCA would approve it. You would receive an email about the confirmation of your newly registered company.

The full form of LLP is a Limited Liability Partnership. It means the owner of the business has limited liability. The business that is registering under LLP should have a minimum of 2 partners.

Benefits of LLP in India

Cost effective: LLP is an affordable partnership as the registration cost is less than the private limited company and other companies. The registration cost for LLP would be approximately INR 800. If the owners are choosing other companies, then they need to spend approximately INR 6000 for registration. It is the reason most owners choose LLP.

Ownership: Another major benefit of LLP is it is flexible. It is possible for the designated partners to get ownership rights under LLP. In other companies, the owners should appoint other shareholders.

Less capital: In LLP, the owner does not have any limit to invest as paid-up capital in the business. But when you choose other companies, it is compulsory for the owner to invest a particular amount of money as paid-up capital. If your company is registered as a Private Limited Company, it is compulsory to invest INR 1 Lacs.

Audit not mandatory: For all the companies except LLP, the audit is mandatory. If the company is LLP and the business turnover is not above than INR 40 Lacs or INR 25 Lacs per year, then there is no need to audit. If the business owners of that LLP company has planned to avoid accounts auditing, then they should mention in the Declaration of Solvency and Accounts in form of a statement by partners.

Easy transferable ownership: If the company is registered as LLP, then it is simple to leave or become a part of the business. It is also simple to handover the ownership as the LLP agreement terms and conditions.

Taxation: This is the main benefit as LLP are charged with minimum taxes than any other company.

FSSAI or Food Safety and Standards Authority of India has implemented safety and hygienic standards which makes sure the availability of quality and safe food in a food business. It is an important license that is necessary to function a restaurant effectively without getting affected by any legal hindrances. Food license is compulsory for all the restaurant owners. They should obtain the license to function the restaurant from their State Authority.

Importance of FSSAI registration

Some of the important reasons you should register your business under FSSAI are as follows:

FSSAI License guarantees for the food quality you serve at your restaurant. It cannot be obtained so easily. The authorities provide the license after certain stringent checks and measures.
In the present scenario, customers are aware of consuming quality foods. Most people wish to eat only in good restaurants. The restaurants and food items with license prove that it is safe for consumption. When customers see the FSSAI logo on pamphlets and menus, it enhances the confidence among customers and improves the restaurant’s credibility.
It serves in standardization and business expansion of the kitchen functions of the restaurant. The license is issued to the restaurants that cater to the requirement in back-end design mentioned by the body. The specifications remain as a template to accomplish a safe and effective design in the smallest required space. The back end spaces and design standardization of the kitchen in all the branches should be developed by following certain guidelines.

Documents necessary for FSSAI registration

Identity proof
Form completely filled and acknowledged by the restaurant owner.
Kitchen layout plan
Valid contact number and email ID
List of stakeholders and main directors who are involved in the restaurant business and their identity proof
Food safety management blueprint (it is possible to obtain these documents either online or from the closeby Notary)
Proof of ownership of premise- electricity bill, rental agreement, sale deed, etc. l

Most people have this doubt- what is the purpose of ISO 9001 certification? ISO 9001 is actually a QMS or quality management standard. It offers several benefits for the company following that route. If you are thinking about why your business should have ISO 9001 certification, then check out the following benefits.

Meet customer requirements

Several companies are in need of ISO 9001 certification to cater to customer requirements. There are some customers who are ready to business with companies that are said to be ISO 9001 compliant. If you wish to get more business and satisfy your customers, you need to have that certification. The issue with these companies they are searching for the temporary payoff. They do not see anything else more but look for one benefit that is they need money. So, they ignore and do not take care of the long term benefits. When they satisfy the customers for the long term, the customers would approach the same dealer again and again.

They do not know the value of quality through continuous improvement. They also do not understand that continuous customer satisfaction is the main ambition of the quality management system.

Get more business and revenue from new customers

When you obtain ISO 9001 certification for your business, you can promote the quality certification and reply to RFQ (requests for quotes) from businesses that have made ISO 9001 certification a must necessity. ISO 9001 certification helps in opening new markets and meeting new clients which you were not able to perform business before the certification.

Improve product quality and company

A QMS standard (quality management system) is completely about quality. When a business is adopting QMS certification, it should ensure to maintain an enhanced level of quality throughout the organization that is enhanced quality in every product and every process.

Patents are applied for gaining an identity of your inventions so that others cannot seek the ownership of the invention. Several other reasons motivate people to go for online patent registration.

The following are some of the valid reasons that influence people to apply for patents for their inventions.

You Possess Exclusive Rights

By applying for a patent an individual who has come up with an invention can enjoy exclusive rights of his/her invention for twenty years. The owner of the patent can seek the rights to make use of the invention for other purposes.

You Compete In The Market

When you get a patent for your invention, then you prevent others from using your invention legally. Thus you can get a strong position in the market and reduce the competition.

Increases Your ROI

You might have invested a considerable amount for your inventions. Thus, when you get a patent for your invention, then your return on investment increases.

It Is Legal To Sell Your Invention

A patented invention can be sold to other individuals or organizations when you do not wish to hold its proprietorship. Applying for a patent serves as a license for selling your invention. Thus it is possible to commercialize your invention through patents.

You Can Negotiate Better

Holding a patent when running a company or enterprise, you’re negotiating power increases. Thus your bargaining power increases when you’re in the process of acquiring the rights of other patents.

Offer Positive Image To Your Organization

Patent portfolios are essential for an enterprise or organization. It talks about the expertise and technical capability of your organization. The stakeholders, investors, business partners, etc look for the patent portfolios of your company. Thus it is essential that you get some patents for your inventions and improve your image in the market. This would help to enhance the image of your organization among others in the market.

The above are some of the reasons for applying for a patent.

ESI stands for Employee State Insurance which is a scheme offered by the ESIC. The Ministry of Labor and Employees heads this statutory body. The Employee State Insurance Corporation is a welfare organization which strictly abides by the rules and regulation of the ESI act 1948.

ESI Registration

It is mandatory that factories or other establishments and even individuals should register with ESIC for availing the benefits of ESI. Employers prefer esi registration online as it is a hassle-free process. Thus ESI registration ensures that the employees or workers can avail the medical care and other monetary benefits related to illness, disablement, injury, etc. Therefore an employer entity is responsible for registering their employees under ESI. After registration the employer entity and the employee receives recognition, and a unique 17 digit code is assigned to each employee.

Who Is Eligible?

ESI registration can be done by industries, factories, establishments, organization, etc. where more than ten employees are working for a monthly income. The salary of the workers should be under Rs.15000 to avail this benefit.

ESI Registration Procedure

The ESI registration process involves two main methods. They are mentioned below.

The employer should submit the Employer Registration form(Form-01) and provide the necessary documents related to it.
Each employee should fill in the Form-I along with a family photograph.

The following are some of the documents to be submitted to the ESIC by the employer entity.

Copies of documents and certificates related to company incorporation.
Copy Of Pan Card, Address Proof, Bank Account details, etc
Registers which contain the salaries and attendance of employees.
Other documents demanded by ESIC.

Benefits

It is highly beneficial for the employees to work in companies that are registered under ESI. You can avail sickness benefits for a maximum of 91 days in a year. The medical benefit is not limited to the employee but also is offered to the family members of the employee. A pregnant woman can avail leave with salary for three months. The ESI scheme also covers funeral expenses, vocational and rehabilitation expenses, etc.

It is mandatory for a business owner to apply for a trademark registration when he wishes to establish a company or introduce a product. A trademark offers exclusive rights of the business or product. It uniquely identifies your product or service. Before going for registration of a mark, a trademark search is an important process where you search the database to check if there are any trademarks identical to yours. Trademark search ensures that you come up with a unique mark for your business.
It is evident that the trademark offices do not check for identical or similar trademark during the registration process. Thus there are chances for any competitors to stop your product if it comes with the same mark. Therefore a trademark registration does not mean that you’re safe. It is always essential to go for a trademark search before applying for trademark registration.
Trademark search process is not easy, so it is always good to make use of the services offered by professional trademark agents or agencies. A trademark attorney would also help you in this regard.

Name change is mostly performed by women because of marital reasons. Other than that, it is not much common in India. Many people do not have any idea or less idea about the name change procedure. If you are in India and wish to change your name, you need to read the following steps and procedure involved.
There are three mandatory and critical steps involved in the name change procedure. They are as follows:
Affidavit submission:
If a person who wants to change his/her name need to submit a form-affidavit to change their name. It will be changed on the stamp paper and it has to be approved by a notary. When you are submitting the name change affidavit, you have to include the following details.

The new name and old name of the applicant
The reason for changing your old name
The applicant’s present address

The affidavit remains as the important legal document for forthcoming legal formalities, filings, and future references.
Newspaper publication:
After getting the name change form, you have to approach for newspaper advertisement or publication. You need to post advertisement in at least any two local newspapers. One post should be in English language newspaper and the second post should be in the state’s official language. When you are posting about your name change advertisement in the paper, you need to add important details like old name, new name and residential address. You need to safeguard the published copies of newspapers for future use and reference.
Gazette notification:
It is not mandatory for all people but compulsory for employees who are working for the government companies. The gazette notification remains as the best proof for your name change. You have to send few documents along with the paper publication for this procedure. It is mostly performed by all people who are planning for a name change.

You all know that trademark registration is an important process, but you must know when to trademark your brand. A unique trademark can help to protect your brand and offers a unique identity to your business. It is a common mistake that business owners make is that they do not think of trademark registration when they are about to start a business. They think about registering their trademark only after a few years of their business. This is absolutely a wrong approach, and it can reduce the growth of your business. Thus it is important that you go for trademark registration from the beginning of establishing your business.
Start When You Search For A Business Name
One must think about trademark registration when you choose a business name. The trademark name is the core of your brand. Make sure that you select a unique name for the trademark registration. Perform trademark search so that you can choose a distinctive trademark name.
Register Before You Use It
Make sure that you register your trademark or brand name of your business before you make use of it. Thus you would hold the exclusive rights of your business. It is not possible for others to make use of your brand name. This would help your clients and customers to identify your business.

Income tax return filing is a necessary process for every citizen of India. You have to be careful in filing the income tax returns as it may lead to several other problems. Tax return filing in India is simple as it can be done online. Here you would find some useful tips for filing income tax returns.

It is essential that you choose the right form for the income tax return (ITR). There are seven forms available ITR1 to ITR7, and you must select the proper income tax return form based on the type of your income.
Make sure that you file the income tax returns well ahead before the deadline. The income tax department would specify the last date for submitting the income tax returns. You must make sure to file the returns before the last date to avoid last-minute delay.
If you're residing in a rented house with a rent of over Rs.5000 a five per cent deduction is done in the TDS form. Remember that your house owner would receive the credit of the TDS paid.
If you own a savings account and if the interest earned is more than Rs.10000, then the amount is taxable. For senior citizens, the interest earned up to Rs.50000 is not taxable.
If you have any due of the unpaid tax, then you can file your returns only for the current financial year.
One must be aware of the income tax rates based on the income limit.
Be ready with your PAN card, Aadhar card, bank details, mobile number etc. so that e-filing of tax returns is quick.

The above are some of the essential tips that every taxpayer should be aware of.

Small and medium scale enterprises can do Udyog Aadhar registration. The registration helps in offering official recognition to small and medium-sized enterprises. The online Udyog Aadhar registration is simple and can be completed by anyone. The following provides specific guidelines and it would help for filling the online Udyog Aadhar form.Small and medium scale enterprises can do Udyog Aadhar registration. The registration helps in offering official recognition to small and medium-sized enterprises. The online Udyog Aadhar registration is simple and can be completed by anyone. The following provides specific guidelines and it would help for filling the online Udyog Aadhar form.

• You have to fill you're 12 digit Aadhar number in the appropriate field. • Mention your name in the form as mentioned in the Aadhar card else the form would be rejected

.• It is possible to validate your Aadhar card using the Validate Aadhar button

• Click on reset for clearing the fields if you have made any mistakes in the form

• You have to mention your social category which includes BC, OC, MBC, SC or ST. Make sure that you have the right proof for the SC, ST and OBC category.

• Next, you have to fill in the enterprise details along with the complete postal address.

• You have to select the category of your enterprise from the list available in the online form

• You must mention the exact date of commencement of your enterprise.

• Provide your bank details, account number, IFSC code, branch name, etc.

• Mention the primary activity of your enterprises like manufacturing or service enterprise.

• You can select your National Industry Classification code based on the activity of your enterprise.

• Mention the details of the employees in your enterprise• Provide your investment details

• Then click on submit
The above guide would help to fill the Udyog Registration Form.

vakilsearch

Steps To Register A Startup Company Through Online

Web Reference

Benefits of LLP in India

Why it is necessary to get FSSAI registration?

Reasons why you require ISO 9001 certification

Why Should You Patent Your Inventions?

Knowing About ESI Registration

Importance Of Trademark Searches

What are the important steps involved in name change in India?

When To Trademark Your Brand?

Essential Tips For Filing Income Tax Returns

Help For Filing The Online Udyog Aadhar Form