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One Person Company plan in India was got through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to form one person economic entity. one of the foremost important advantages of a 1 Person Company..know more
A private Ltd. could also be a corporation privately held for small businesses. this type of business entity limits owner liability to their shareholdings, the quantity of shareholders to 200, and restricts shareholders from publicly trading shares..know more
Limited Liability Partnership(LLP) could also be a balanced structure, carrying benefits of conventional partnership and still limiting the personal liabilities of the partners. it's regulated as a contractual agreement between partners under the indebtedness Partnership Act,2008..know more
Nidhi Company could also be a kind of Non-Banking Financial Company (NBFC). it's formed to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual benefit. These companies typically operate within the southern a neighborhood of the country..know more
When you wish to start a finance business to helping poor people and having in trouble to getting in RBI License, the one and only alternative is to form a section 8 Micro Finance Company (earlier known as section 25 of Companies Act,1956) under the Companies Act, 2013..know more
An NBFC or a Non-Banking Financial Company is that kind of monetary institution which provides various financial and non-financial services to individuals, business enterprises, entrepreneurs, etc. they're different from the Cooperative and Commercial Banks, they're doing not need to hold a banking license but must strictly follow the principles and regulations provided by RBI from time to time..know more
FSSAI definition for Food Safety and Standards Authority of India which may be a corporation that monitors and governs the food business in India. It is a self-governing body that is founded under the Ministry of Health & Family Welfare, Government of India..know more
Before going global, you'd wish to follow several procedures and laws in place and acquire different registration and license. IEC (Import Export Code) license is one such condition when you need of importing or exporting from India..know more
International Standards Organization (ISO) may be a world body providing guidelines for companies in terms of product quality, health, and performance. An ISO registration enhances the reputation of your service or product There are differing kinds of ISO certification like ISO 9001, ISO 14001, ISO 5001, etc..know more
In simple words, trademarks are special unique signs that are used to identify goods or services from a specific company. they're going to be designs, pictures, signs or even expressions. it is vital because it differentiates your products from the competitions. It are often associated with your brand or product. Trademarks are classified as property and thus is shielded from infringement.know more
An objection is one of the initial stages of the registration process. It is often filed by either the Examiner/Registrar or any third party. An Inquisitor/ Registrar may embay an objection under Section(s) 9 (Absolute Grounds of Refusal) and 11 (Relative Grounds of Refusal) of the Act on primarily two grounds – If the appliance contains incomplete/wrong information; or If there's already a uniform trademark(s) alive.know more
Copyright could also be a quite property protection like trademark and patents. Copyright registration is completed following the Copyright Act, 1957. With copyright registration, you become a legal owner of your creative add respect of books, paintings, music, website, etc. Copyright registration with the right secures the creative work of the author cannot be copied..know more
In the GST system, industries whose turnover proceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a standard taxable person. This procedure of registration is known as GST registration. For certain businesses, registration under GST is compulsory. If the organization carries on business without registering under GST, it'll be an offense under GST and heavy penalties will apply...know more
GST return could also be a format where a taxpayer registered under the products and Services Tax (GST) law possesses to file for each registration separately. Also, the quantity of GST returns to be filed are getting to be supported the type of taxpayer, like regular taxpayer, composition dealer, e-commerce operator, TDS deductor, non-resident taxpayer, Input Service Distributor (ISD), etc.know more
Taxes in India are often categorized as direct and indirect taxes. tax could also be a tax you pay on your income on to the govt. . tax could also be a tax that somebody else collects on your behalf and pays to the govt. eg restaurants, theatres and e-commerce websites recover taxes from you on goods you purchase or a service you avail..know more
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