Documents Required for FSSAI Registration in India

Following is the list of crucial documents required for FSSAI Registration in India:

1. Documents for FSSAI Basic Registration:

2. Apart from the basic documents mentioned above, there are certain specific documents required for FSSAI State License:

3. Apart from basic documents, the following is the list of documents required for the FSSAI Central License:

Documents required for Trademark Registration Online in India

Following are the crucial documents required for Trademark Registration Online in India:

For Individual:

Any one of the following documents are required for individuals:

If the Registration of Trademark is done by a Partnership Firm then they must provide the following documents:

If the Registration of Trademark is done by an LLP then they must provide the following documents:

For HUF (Hindu Undivided Family):

For a Trust:

For a Society:

Following are some common documents required for Trademark Registration Online in India:

How to Create a Shareholders’ Agreement?

Identify Objectives and Concerns: Before drafting the agreement, stakeholders should identify their objectives, concerns, and expectations. This involves open communication among shareholders to ensure that the agreement aligns with the collective vision for the company.

Engage Legal Professionals: Given the legal complexities involved, it is advisable to engage legal professionals experienced in corporate law. They can provide valuable insights, ensure legal compliance, and tailor the agreement to meet the specific needs of the company.

Define Ownership Structure: Clearly define the initial ownership structure and the procedure for future share transfers. Consider issues such as pre-emption rights, restrictions on transfers, and mechanisms for determining the fair market value of shares.

Specify Decision-Making Processes: Establish clear protocols for decision-making, including voting procedures, quorum requirements, and thresholds for passing resolutions. Address potential deadlocks by including mechanisms for resolution in the event of tied votes.

Incorporate Exit Strategies: Anticipate future scenarios by incorporating exit strategies in the agreement. This may involve buy-sell provisions, drag-along and tag-along rights, and other mechanisms to facilitate a smooth exit for shareholders.

Address Dispute Resolution: Include provisions for dispute resolution, specifying whether disputes will be resolved through arbitration, mediation, or other alternative methods. Clarity on this front can prevent prolonged legal battles that may disrupt the company’s operations.

Include Confidentiality and Non-Compete Clauses: To protect the company’s sensitive information, incorporate confidentiality clauses and, if necessary, non-compete provisions. This ensures that shareholders do not engage in activities that may be detrimental to the company’s interests.

Regularly Review and Update: A Shareholders’ Agreement should not be a static document. Regularly review and update it to reflect changes in the business landscape, ownership structure, or applicable laws. This ensures that the agreement remains relevant and effective over time.

Grounds for Revival of Struck off Companies

The grounds on which NCLT does the Revival of Struck Off Companies are as follows:-

The company holds any immovable property.

The company, apart from the Registrar of Companies, has complied with GST, income tax, provident fund, and such authorities,

In case there is evidence stating that the company has an ongoing business as active transaction in the bank statements of the company.

The company is renewing any license on an annual basis and other documents depending upon the circumstances.

Any documents that shows that the company is ongoing business as active transaction in the bank statements of the company

The company is renewing any license on an annual basis and other documents depending upon the circumstances.

Any documents that shows that the company is ongoing or active and it will be in the public interest to revive the company.

Documents Required for OPC Registration in India

Following are the crucial documents required for One Person Company Registration in India

A scanned copy of a current bank statement:

A phone bill, an electricity or gas bill and a mobile bill:

Rental agreement in English, digitally transcribed:

A digital transcription of a landlord’s no-objection certificate:

A scanned copy of the property or sale deeds in English (if the property is owned):

Different Types of ITR Forms in India

In India, various types of Income Tax Return (ITR) forms are available to cater to the diverse financial situations of taxpayers. Each form is designed to capture specific income sources and financial activities. Here are some commonly used ITR forms along with brief explanations:

1. ITR-1 (Sahaj): Applicable for individuals with income from salary, one house property, other sources (interest, etc.), and having total income up to Rs. 50 lakh. Not for individuals with income from business or profession.

2. ITR-2: For individuals and Hindu Undivided Families (HUFs) having income from sources other than business or profession. Suitable for those with income from capital gains, multiple house properties, and foreign income.

3. ITR-3: Applicable for individuals and HUFs having income from business or profession. It includes provisions for reporting partnership firm income.

4. ITR-4 (Sugam): Suited for individuals, HUFs, and firms (other than LLP) having income from business or profession computed under the presumptive income scheme. Presumptive income is calculated as a percentage of turnover.

5. ITR-5: Applicable for LLPs (Limited Liability Partnerships), Association of Persons (AOPs), Body of Individuals (BOIs), and partnership firms.

6. ITR-6: For companies other than those claiming exemption under section 11 (income from property held for charitable or religious purposes).

7. ITR-7: Applicable for persons, including companies, who are required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D).

8. ITR-8: ITR-8 is used by companies that are required to furnish return under Section 139(1) and have income under the head “Profits and gains from business or profession” chargeable to tax at corporate tax rates.

What is the importance of a registered office address?

The registered office address is crucial for a company in India as it serves as the official address where all the official communications & legal notices are sent by the Government authorities, regulatory bodies & other stakeholders. Also, it’s the address where the Company keeps its statutory records such as register, books of accounts & other vital documents.

During Company Incorporation, it is vital to declare the registered office of the Company & to submit the required documents. We will discuss the documents later. The full name and the address on the electricity bill or water bill or property tax receipts should exactly match the NOC (No Objection Certificate) by the landlord & the Rental Agreement. There is no such requirement for the registered office to be an industrial/commercial property. Also, the registered office can’t be vacant land or a building that is under construction. The registered office can also be a residential property. If the Company hasn’t decided the registered office of the Company while filing for Company Incorporation. The Companies Act also provides the option for the Company to declare a temporary address. The registered office should be declared by filing INC-22 within 15 days of Company Incorporation.

Change in Director – Meaning

The Change in Director of a Company is possible at any time when required. The change of Directors can be either voluntarily or through demand. The demand arises in case there is a requirement of an expert in the Board or due to death/resignation or death of an existing Director.

Change in Directors of a Company is an event-based compliance & it should be intimated to the Registrar of Companies within 30 days of passing of the resolution in the Board Meeting. There are some forms that are required to be filed with the RoC declaring Resignation, Appointment & Change in Directors of a Company. If you want help, then contact our team to file forms regarding the Change of Directors or any event-based compliance of a Company.

Types of Companies in Dubai

There are different types of companies to be chosen for business registration under the Dubai Laws. Following are such among the popular company structures that people opt for Company Registration In Dubai

Free Zone Companies : The businesses and establishments that are part of the free zone are located in FTZs, which have different laws from mainland Dubai regarding ownership, taxes, and customs. A foreign businessperson may own all shares in a firm founded in a Free Trade Zone (FTZ). Within a Free Zone, entrepreneurs are able to form two different kinds of businesses: free zone establishments and free zone firms. Establishing a free zone establishment is possible for a single stakeholder with minimal responsibility. A free zone business or LLC can have up to five shareholders. A free zone corporation or institution can be founded by any natural or legal person. The laws and guidelines set forth by the specific free zones govern the creation of a firm or facility within them.

Limited Liability Company : An LLC, or limited liability company, must have at least two shareholders in Dubai. An LLC may have a maximum of 50 stockholders. The amount that an LLC's stockholders can contribute to the share capital is the only restriction. Except for banking, insurance, and financial investing, an LLC can engage in any type of business.

Onshore Company : A business founded in Dubai's mainland is referred to as an onshore company. The directors of the company are based in Dubai. Dubai only permitted 49% ownership for foreign business owners, and that ownership had to be created in conjunction with a native sponsor or agent. The administration of Dubai has changed this, though. As of right now, foreign entrepreneurs are allowed to hold 100% of a Dubai onshore business, with the exception of those founded for economically significant ventures in seven distinct industries.

Offshore Company : An offshore corporation is used to organize and run the firm outside of the nation's legal jurisdiction. The company is entirely controlled by foreigners and is based in another nation, although it is registered in Dubai. Offshore companies are fully owned by foreign entrepreneurs.

Branch Office : An extension of the main business is a branch office. Any foreign business may open a branch office in any of the FTZs in Dubai as well as on the mainland. Establishing a branch office is a wise move for businesses hoping to grow in the regional markets of the United Arab Emirates.

Documents Required for Sole Proprietorship Registration in India

Following is the list of some basic documents required for Sole Proprietorship Registration in India

Documents of the applicant

To open a current bank account, you need to submit the following documents

Documents of the applicant

Documents required for Company registration in France

For registering your company in France, you will need following documents [list is not exhaustive]:

1: Shareholder’s details: Identification Documents, Financial statements, Affidavits declaring no criminal records, etc.

2: Manager’s details: Identification Documents, Appointment Letters, etc.

3: Article of Association [if applicable]

4: Memorandum of Association [if applicable]

5: Board Resolution for establishment of the company

6: Charter [for SARL]

7: Application forms availed from Trade Registrar

8: Copy of National Gazette announcing the company registration

9: Details regarding the company's paid-up capital

10: Company’s registered address, utility bills, lease agreement (if any)

Benefits of Company Registration in Canada

The Canadian Market and its laws offer varied range benefits to those who are looking forward to establishing their business in the mainland. Following are few of such benefits:

Tax benefits: Corporate tax rates are normally lower than personal income tax rates, and corporations are subject to separate taxation from their owners.

Limited Liability: Better protection is offered by incorporation to you and to all other parties connected to the business, such as partners and staff. Unexpected financial problems can happen even with diligent planning, it is a fact. In Canada, small businesses are intrinsically connected to their owner(s), while corporations are distinct legal entities. In a corporation, you are not personally liable for the obligations of the company if you are an executive, shareholder, or founder.

Separate Legal Entity: Companies have all of the same rights as a real person, including the capacity to borrow money, own property, and enter into contracts.

Market Goodwill: Corporate histories are very important because they show that you recognize the value of your business and that you are dedicated to its growth, even if revenue doesn't change. This is very helpful while looking for work or starting a new business.

Capital Gain Exemption: Upon the sale of your business, you will realize further savings associated with registering your small business. By exempting a sizable portion of your earnings from tax laws, LCGE can lower the overall amount of taxes you pay on all, if not nearly all, of the profits you make from the sale of this incorporated, registered small business when you realize a profit. Additionally, this LCGE has a cumulative lifetime limit rather than a one-time exemption, thus it can be used repeatedly until the financial cap of $892,218 in 2021 is met.

Types of Company in Australia

Proprietorship Company :The structure closely resembling a Limited Liability Company is the Proprietary Limited company ("Pty Ltd"). It is highly favoured in Australia and ideal for foreign investors. A minimum of one resident director is required for incorporation, unless a nominee director is appointed. Pty. Ltd companies are open to full foreign ownership with a minimum share capital of $1. We can help establish your Pty. Ltd company in Australia.

Australian Public Company:Public companies in Australia are typically established by entrepreneurs seeking investment from a larger pool of investors, as opposed to Pty Ltd companies. The management of these companies is typically separate from the owners. Similar to Proprietary Limited Companies, they require a minimum of 3 directors (at least two of whom must be Australian residents), along with a Company Secretary and Public Officer for tax purposes.

Australian Branch Office:Foreign companies can register their Australian branch through ASIC and The Australian Taxation Office, allowing them to establish a presence in the country and consolidate earnings from their home nation. An agent in the local area must be designated to receive notifications on behalf of the business, and an address within Australia must be created. Branch offices are taxed on their Australian earnings and are required to submit financial reports to ASIC annually.

Partnership Firm:Partnerships in Australia are commonly used to offer accounting and legal services. General partners in a partnership may be jointly liable for its activities or only responsible for their own contributions. At least one partner must be an Australian resident to establish a partnership. Although a partnership is not required to pay taxes on profits, each partner must declare their share of profits and pay personal taxes.

Australian Representative Office:The Australian Representative Office allows only non-commercial and limited activities, making it a preferred choice for companies wanting to expand internationally or conduct market research. Setting up a Representative Office in Australia is straightforward, but it is more cost-effective to establish a Branch or another business form to save time and resources.

Trust :Trust is a popular business structure among small Australian businesses. Discretionary trusts are typically preferred by family-owned businesses, while unit trusts are favored by larger companies with multiple family members involved. Trusts, which are not legal entities, do not pay taxes as long as all earnings are distributed to beneficiaries, who are then responsible for their own tax obligations. Trusts are established through deeds and do not require registration with authorities.

Applicability of EPF Registration

In India, the employer must obtain the EPF Registration within 1 month of attaining the strength, failing which penalties will be applicable. A registered establishment continues to be under the Act even if the employee strength falls below the required minimum. The Central Government of India may apply the provisions to any establishment employing less than 20 employees after giving not less than 2 months’ notice for mandatory registration. Where the employer & the most of employees have agreed that the provisions of this act should be made applicable to the establishment, they may themselves apply to the Central PF Commissioner.

The Commissioner may apply the provisions of the Act to that establishment after passing the notification in the Official Gazette from the agreement date or from any particular date specified in the agreement.

All the employees will be eligible for a Provident Fund from the beginning of their employment & the responsibility of deduction and the payment of Provident Fund lies with the employer. The PF contribution of 12% should be equally divided between the employer & employee. The contribution of the employer is 12% of the basic salary. If the establishment has employed less than 20 employees, the PF deduction rate will be 10%.

Reasons to change Pvt Ltd Company Name under the Companies Act, 2013

Following are some common reasons to change Pvt Ltd Company Name:

Change in Business Activity: A Company board may change Pvt Ltd Company Name when it changes its business activities. It may change the Private Limited Company Name to show the new or additional business objects. In such cases, the Company should also change its Memorandum of Articles to change its main object.

For Marketing: A Company can change its name for marketing purposes and it may also change the Pvt Ltd Company Name as per the latest trends for better brand positioning. When a Company is ready to move into a new market, it may alter its name to reposition its brand.

Voluntary Change: The Company’s Board may change Pvt Ltd Company Name voluntarily and it is legal to change the Pvt Ltd Company Name voluntarily subject to the fulfilment of all the conditions.

Avoid IPR Issues: A Company in India may change its name to reinforce its Trademark or Copyright in its name and similarly, the Company can change its name to avoid a possible IPR conflict.

Ownership Change: Generally, when the Company’s ownership changes or entity takes over the Company, it is seen that the Pvt Ltd Company Name also alters to show the authority of the new management & for branding purposes.

Why Is NGO Registration Required?

1: Credibility: Registered NGOs gain credibility, attracting donors, collaborators, and supporters. Registration lends authenticity to the organization’s mission.

2: Operational Development: NGO registration enables local operations to expand, leading to greater exposure and increased community impact.

3: Resource Expansion: The scope of financial and human resources expands as NGOs become eligible for income tax exemption, making them more appealing to potential volunteers and contributors.

4: Tax Benefits: NGOs registered under the Income Tax Act of 2013 in India enjoy various tax benefits, contributing to financial sustainability.

5: Asset and Liability Management: Registered NGOs can own assets, incur liabilities, and manage interest-earning claims, providing a solid foundation for organizational growth.

6: Stamp Duty Exemption: Section 8 companies are exempt from stamp duty, offering additional avenues for tax savings and resource allocation.

What is the Importance of the NIC Code in India?

Following are some important points which show the importance of NIC Code in India:

If your business or company in India contains a NIC Code then you can avail of various benefits offered by the Government of India;

To obtain Udyog Aadhar or to register a Company/LLP;

It's required to maintain track of business activity which affects the economic health. It's also used by most of the Government Departments to ensure that businesses in India are classified correctly;

For the Government to keep track of your business, ensure that you have mentioned the NIC Code on all of your invoices.