fssai Registration

FSSAI Registration & License

Fssai Registration Online | 1 Day Directly From Government‎

FSSAI Registration issued by FSSAI is required for carrying on activities related to any stage of manufacturing, processing, packaging, storage, transportation, distribution of food.

FSSAI license is mandatory before starting any food business and it is basically 14-Digit registration number which is printed on food packages.

This step is taken by the government to ensure that food products undergo certain quality checks, thereby reducing the instances of adulteration, substandard products and improve accountability of manufacturers. FSSAI gives the opportunity of applying for registration or license all over India. CA ON WEB can help your business obtain FSSAI Registration or license.

Who is eligible for FSSAI Registration or License:-

Based on Annual turnover an FBO has to either apply for simple registration or apply for the license given by FSSAI.

Annual TurnoverRegistration/License
Below 12 LakhsRegistration FORM A
12-20 LakhsState License FORM B
Above 20 LakhsCentral License FORM B

Note: Annual turnover basis may vary according to case wise

Why should you get FSSAI license?

  •   There is a high degree of consumer confidence in safety & quality of food.
  •   It helps to promote innovation in foods products.
  •   It helps in removal of multiple regulations.

For more updates log on to : https://www.caonweb.com/fssai-registration.php

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Why company compliance is important

WHY COMPANY COMPLIANCE IS IMPORTANT?

As per The Companies Act, 2013 there are some mandatory Company compliances that need to be documented by every Company. These ROC compliances are essential. Any slack will prompt heavy penalties, punishments and other lawful issues relating to the Company. There are mandatory forms that are to be recorded alongside indicated documents and returns.

These Company compliances for the Private Limited Company are classified into two parts which are as follows-

1. Company Compliances that are mandatory: A Private Limited Company must ensure that the mandatory compliances for ROC filing are being fulfilled. These compliances mandated by the statutes acts and can be completed with the help of CA Services and are as follows-

  • Appointing the Statutory Auditor-The Board of Directors must appoint the First Auditor of the Company within 30 days of incorporation. The auditor shall hold the office till the conclusion of the first Annual General Meeting. Appointing other subsequent Auditors: The Board of Directors in the First and every subsequent Annual General Meeting must appoint or ratify the auditor. A Form ADT-1 is required to be filed with Registrar of Companies by the company informing the same.
Bookkeeping Services Online
  • Audit Compliances: Every Company needs to maintain updated books of accounts that at the year end or at a fixed interval shall be audited by a Chartered Accountant. The statutory auditor will provide the auditor report and the audited financial statements after auditing the accounts at the end of the financial year for filing the same with the ROC.
  • Board Meeting: It is mandatory that a minimum of 4 (four) board meetings are held within a period of one year, which implies 1 (one) board meeting every quarter. The quorum of directors being 1/3rd of the two directors, and whichever will be greater shall be present for the meeting. Such board meetings must be logged and signed minutes must be maintained.

Related blog: How to Register a Company in India

  • Annual General Meeting: A meeting for shareholders is required to be held every single year, for the primary tasks such as approval for the financial statements, declaration of their dividends, auditor’s appointment, etc. AGM is to be held in a city where the company’s registered office situates. The Companies are required to hold an Annual General Meeting on or before 30th September of each financial year.
  • ROC Filing: Once the audited financial statements are received the Company needs to file the same with the Registrar of Companies. Filing the Financial Statements through Form AOC-4 by the Private Limited Companies within 30 days of holding the Annual General Meeting must file their financial reports and statements and the Annual Return by filing Form MGT-7 within 60 days from the date of the AGM.

2. Other Company compliances that a Private Limited Company must follow are event based compliances-

  • Filing of Form INC-22 if there is any change in the registered office of the Company.
  • Any change in the authorized, paid-up share capital of the Company.
  • Form DIR-3KYC before 30th April of each financial year for the application of KYC of the directors.
  • Any change of directors needs to intimated within 30 days of the change.
  • Form MGT-14 for filing agreements and resolution within the 30 days of passing of such resolution.
  • Form INC-20A is to be filed within 180 days of the incorporation of the Private Limited Company for declaration of commencement or start of the business.
  • Form CHG-1 to be filed by the Private Limited Company if there is a change in the secured borrowings within 30 days.

FAQ:

Question. What are the compliances for Pvt Ltd?

Ans. Statutory Audit

         ITR Filling

         Annual Filing: Form AOC-4, MGT-7

For more info visit our site https://www.caonweb.com/roc-annual-filing.php and connect with an expert.

Related Blog : BOOK KEEPING SERVICES FOR SMALL AND MEDIUM SCALE BUSINESSES

Question. Is ROC filing mandatory?

Ans. Yes, irrespective of the turnover, operations each and every company needs to comply with ROC annual filing.

Question. Is audit compulsory for Pvt Ltd company?

Ans.YES

Question. What is MCA annual filing?

Ans. It consists of filing Form AOC-4 and MGT -7 with the Registrar of Companies.

Question. What documents should be submitted for ROC filing for private limited companies?

Ans. Information and documents are required

  1. BANK STATEMENT OF ALL BANKS OF COMPANY
  2. CASH EXPENSES DETAIL WITH BILLS
  3. FIXED ASSETS PURCHASED BILL
  4. DEBTORS/ CREDITORS/ SALE/ PURCHASE BILLS
  5. LOAN GIVEN OR TAKEN DETAILS
  6. VAT, SERVICE TAX, GST, TDS AND INCOME TAX TAXES PAYABLE AND PAID DETAILS, If Applicable
  7. VAT, SERVICE TAX, GST, TDS RETURNS FILLED AND CHALLAN COPY
  8. SALARY PAYMENT DETAIL SHEET
  9. TDS DEDUCTION CERTIFICATE IF ANY
  10. ANY OTHER DOCUMENT WHICH IS VALUABLE FOR US FOR FINALIZATION OF ACCOUNTS

Question. What are the ways in which MCA filing can be done?

Ans. MCA filing needs to be done online by filling the requisite forms and uploading the same on the MCA portal.

Business Entities in India

Types of Business Entities in India

  1. Proprietorship Firm Registration
  2. Partnership Firm Registration
  3. Limited Liability Partnership Registration
  4. One Person Company Registration
  5. Private limited company Registration

Lets understand the basics and important factors on all above kind of Business registration:

PROPRIETORSHIP FIRM REGISTRATION IN DELHI

Proprietorship firm registration is the simplest form of Business registration where the responsibility is only on one person for running the business. Proprietorship firms are very cost effective and require less compliances. The documents required for this are identity and the address proof of the owner. It can be done either by getting MSME registration or GST Registration within 3-5 working days.

Bookkeeping and Accounting

PARTNERSHIP FIRM REGISTRATION IN DELHI

Partnership firm registration is a specific kind of relationship formed by an agreement between two or more individuals in which each partner has to invest to carry on a business. It is the most preferable structure because there is not much compliance or high cost involved. Documents required for partnership registration are photographs, identity and address proof of the partners. They are governed by the Indian Partnership Act, 1932 and it takes around 10-12 working days to register a partnership.

LIMITED LIABILITY PARTNERSHIP REGISTRATION IN DELHI

LLPs are governed by the Limited Liability Partnership Act, 2008, to form a LLP atleast two individualsare equied who shall be the designated partners. In Limited Liability Partnership the liability of each partner is limited to an agreed amount mention in the formation documentation whereas in partnership firm partners are liable for unlimited amount of liability. Limited Liability Partnership requires less funding and compliances as compared to private limited company.

Related Blog: INCORPORATING A COMPANY IN INDIA

Documents required for LLP registration are:

Photograph, identity and address proof of all the partners

Address proof of the proposed registered office.

The whole process of Limited Liability Partnership registration takes around 25-30 working days. The compliances once limited liability registration is completed are filing of Annual Return of LLP in Form 11 and filing financial statements in Form 8.

ONE PERSON COMPANY REGISTRATION IN DELHI

One Person Company is a new concept in India if you want to start up your own business with no intervention of any third party then it’s the best way of company registration, the first and the foremost thing to understand before registration of one person company is that only a natural person who is an Indian citizen and resident in India can form OPC or can become a nominee.

To form an OPC the detail such as company name, objective of business activity, identity and address proof of the Director and the nominee, address proof of the registered office of the OPC are required.

After the incorporation of OPC, it has to comply with Commencement of business, Auditor appointment, Filing of annual return and financial statement with the ROC before the due date.

PRIVATE LIMITED COMPANY REGISTRATION IN DELHI

 Private Limited company registration is the most common structure of company registration. A Private Limited Company enjoys the separate entity status and requires minimum two shareholders/ directors to incorporate a Company in India. The Private limited Company is registered with the Ministry of Corporate Affairs and is governed by the provisions of Companies Act, 2013.

Related Blog : ALL ABOUT COMPANY REGISTRATION IN INDIA

The first and the most important step of private limited company registration is to decide a name and get the same from the authority. You can reserved the name before incorporation by filing Reserve Unique Name (RUN) Form. Once the name is approved the rest all formalities are to be filed within 20 days.

Documents Required-

1) ID Proof ( PAN Card)

2) Address Proof 1( Aadhaar/Voter ID/Passport/Driving License)

3) Address Proof 2( Electricity Bill/Telephone Bill/Bank Statement)

4) Photograph

5) Electricity Bill and Rent Agreement of premises

The whole incorporation process takes around 15-20 working days.

Related Blog: Msme/SSI Registration

FAQ

QUESTION: CAN A NRI/FOREIGN NATIONAL BE A DIRECTOR IN PRIVATE LIMITED COMPANY?

Answer: Yes, an NRI or Foreign National can also be a shareholder or director in a private limited company of India.

QUESTION: WHAT IS THE CERTIFICATE OF INCORPORATION?

Answer: The certificate of incorporation is the document issued to confirm that MCA has incorporated your company. It contains the Date of Incorporation, Name of the company, Corporate Identification Number (CIN), PAN number and the TAN number allotted to the Company.

QUESTION: CAN MINOR BECOME A MEMBER?

Answer: No, only an individual above the age of 18 years can become a member.

INCORPORATING A COMPANY IN INDIA

INCORPORATING A COMPANY IN INDIA

There have been major changes in the process of Company registration with the Ease of doing Business initiative which has simplified the process of incorporating a Company in India, Company Registration being a recommended form of business structure as it suits everyone’s needs. While registering a private limited Company minimum two people/ promoters are required for its formation where both can be director and shareholder. The registration of Company is done under the Ministry of Corporate Affairs, Company being a separate legal entity it provides limited liability to its shareholders. The various types of companies that can be incorporated in India include the following:

Related Blog: Online Business Registration Anywhere in India

Documents Required for Company Incorporation in India:

PAN Card of the promoters

Passport size photograph of both the promoters

Aadhaar Card/ voter id of the promoters

Bank Statement/Utility bill of both the promoters

Lease Deed, for the registered place of business if it not owned by the promoters

Electricity bill/ Water bill (registered place of business)

No Objection Certificate

Related Blog: SPICE PLUS COMPANY PROCEDURES

PROCEDURE FOR INCORPORATING A COMPANY IN INDIA:

Recently the Ministry of Corporate Affairs under the Ease of doing business in India initiative has launched a web form SPICE+ (SPICE plus) which aims at simplifying the company registration process. As per the new Spice+ form the form is divided into two parts:

PART A: Name Reservation, The proposed Company can file the name application separately for reserving the name for 20 days and afterwards file for company registration or can fill part A along with the part B and file for Company registration.

PART B: Company Registration, it contains all the required details for registering the Company i.e. details of directors, shareholders, registered office address of the Company, Authorised and paid up capital and other requisite details.

Digital Signature Certificates: The directors/ subscribers to the MOA & AOA need to obtain digital certificates from the government authorised agency. These signatures are required while filing forms with the ROC, GST filing, and ITR filings and are regarded as the physical signatures of the Directors and shareholders.

Related Blog:  HOW TO REGISTER A COMPANY IN DUBAI

Once the Web Form is filled one needs to attach the required documents and upload the same with the digitally signed linked forms.

Memorandum of Association

Article of Association

AGILE PRO

Declaration of First Subscribers and Directors

 Once the forms are uploaded with the Ministry and the requisite fee paid, the Ministry shall provide the following registrations at the time of approval:

  • Director Identification Number (DIN)
  • Company Incorporation Certificate
  • PAN Number
  • TAN Number
  • GSTIN Number
  • Bank Account Number
  • EPFO Registration
  • ESIC Registration
  • Professional Tax (only for the state of Maharashtra)

Time Taken: Company registration process takes around 7-10 working days rest depends on the approval by the Ministry of Corporate Affairs.

Professional Guidance: The incorporation process is not an easy task it requires professional interface. From selecting the appropriate name in accordance with the Company (Incorporation) Rules, 2014 to drafting of Memorandum, Articles of Association, with the drafting of incorporation documents, along with certification of the forms professional guidance is required at every step of Company registration process. One can therefore take help from the CA services providers.

Related Blog : ALL ABOUT COMPANY REGISTRATION IN INDIA

FAQ:

Question: What is the timeline to register a company in India?

Answer: Company Registration takes around 7 -10 working days.

Question: Can foreign nationals be a directors of Company registered in India?

Answer: YES, even a foreign national can be a director of an Indian Company.

Question: Where can I find more information on Company Registration in India?

Answer: One can go visit our page and search, find the related topic link- https://blog.caonweb.com/ 

DIRECTOR IDENTIFICATION NUMBER

DIRECTOR IDENTIFICATION NUMBER

DIN is the abbreviation which is used for Director Identification Number. DIN is issued by Ministry of corporate affairs (MCA), Government of India. All the existing or intending Director has to obtain DIN within the prescribed time frame. Upon making an application in the DIR-3 form as mentioned under section 153/154 of the companies act, 2013. During formation of a new company, an application for the allotment of DIN should be made through SPICe plus (SPICe+) at the time of incorporation.

DIN is an 8 digit unique identification number which possess lifetime validity (not applicable in case of deceased). DIN is in the similar lines with that of PAN& Aadhaar card.

FORMS THROUGH WHICH ONE CAN APPLY FOR DIN

  • SPICe plus or SPICe+ form

SPICe is an abbreviation of Simplified proforma for incorporating a company electronically and as it name suggests, acts as application form for company registration according to the guidelines on Ministry of corporate affairs (MCA). SPICe+ is an upgraded version of SPICe form which will be applicable from 15th February, 2020 across India. SPICe plus integrated 10 services from 3 central ministries which are essential for company incorporation in India.

Read other blog: SPICE PLUS COMPANY PROCEDURES

  • DIR-3 form
  • Any person intending to become a director in the existing company shall file the application form in the procedure prescribed in DIR-3 form & must follow the procedure mentioned below:
    • Compile the supporting documents: Photograph, Identity proof, Residence proof. No physical documents needs to be submitted at DIN cell.
    • Digital signature certificate (DSC): DSC is necessary to attach with DIR-3-DIN application form, which is intended to appoint him as a director and must be digitally verified by the company secretary, Managing director, CEO & CFO.
    • Payment of fees: once you have uploaded the documents, then the next step is payment of fees for DIR-3 form using online mode of payment through Net-banking/Credit card/Debit Card/NEFT.
    • Generate DIN: There are two situations under this scenario viz. If your DIR-3 details are unique and not duplicate then you will be issued an Authorised DIN, whereas if you have a duplicate DIR-3 form detail then you will get a Provisional DIN.
    • Verification of e-form: If your DIR-3 form details are found to be duplicating then it will be send to DIR processing cell for back office verification. Upon approval from the DIN cell, and would be applicable for further use.

Read more blog: MCA Introduces New Company Incorporation E-Form Spice+

  • DIR-6 form

If there is any change which needs to be made in DIR-3 form or SPICe+ with respect to any details of directors or any applicant then in that case one can submit DIR-6. This e-form of DIR-6 has to be digitally signed by a chartered accountant/company secretary in which applicant is proposed to be a director.

WHAT IS DIR-3 KYC?

Every individual who has been allotted a Director Identification Number (DIN) as on 31st March shall submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year.

There is no government fees which is charged if you have filed your DIR-3 on time but if you missed the due date then there is a penalty of INR 5,000.

Read this blog: Mandatory Filing of e-Form INC-22A (ACTIVE) ‘KYC of Companies’

SPICE PLUS COMPANY rEGISTRATION

SPICE PLUS COMPANY PROCEDURES

The Ministry of Corporate Affairs has launched a web-based form for Company registration in India known as the Spice Plus Form i.e. Spice+, the form is available on the MCA portal with effect from 23rd February, 2020. This move is aimed to further simplify the Company registration process and provide the user with ease of doing business and is therefore set to revolutionize the Company registration process in India.

The web form Spice plus i.e. Spice+ is designed to cater applications for various Company registrations, whether it’s a Public Limited Company, One Person Company, Private Limited Company, Nidhi Company, Section 8 Company or Producer Company. The new web form is set to replace the old form filing system wherein all four incorporation forms were filled and then uploaded on the MCA portal.

The newly launched Spice Plus web-based form is a post login service which will offer the required registrations through one web form. Therefore we can say it’s a complete bouquet of services required to run a Company thereby saving considerable amount of time and procedures.  

Related Blog:  HOW TO REGISTER A COMPANY IN DUBAI

The List of services provided by the Spice Plus form are as follows:

  • Name Reservation (Run would be discontinued for Company Registration)
  • Allotment of Director Identification Number i.e. DIN
  • Company Incorporation Certificate
  • PAN Number of the Company
  • TAN Number of the Company
  • Goods and Service Tax Registration
  • EPFO Registration
  • ESIC Registration
  • Opening of Bank Account.
  • Profession Tax Registration only for the State of Maharashtra

The Spice plus (Spice+) being an integrated web form is offering ten services by three Central Government Ministries and Departments:

  • Ministry of Corporate Affairs: Company Registration
  • Ministry of Labour: ESIC, EPFO
  • Department of Revenue in the Ministry of Finance: PAN, TAN

Related Blog: Online Business Registration Anywhere in India

The Spice+ form is divided into two parts:

Part A: Part A of the form Spice+ deals with name reservation of the Company, it can be used for taking name approval of the proposed Company and also for filing Company registration in one go.

Part A can be filled separately and once the name is approved part B needs to be filed using the same user login ID.

 Part B: Part B of SPICe+ offers following services:

  • Incorporation of Company   
  • Allotment of DIN
  • Mandatory issue of PAN Number
  • Mandatory issue of TAN Number
  • Mandatory issue of EPFO registration
  • Mandatory issue of ESIC registration
  • Mandatory issue of Profession Tax registration only in case of Maharashtra
  • Mandatory Opening of Bank Account for the Company
  • Allotment of GSTIN (if so applied)

Once the form SPICe+ is filled completely and submitted the form gets converted into a pdf format for affixing Digital Signature Certificates. Thereafter the digitally signed application along with the linked forms can be uploaded on the MCA portal. The form so filled needs to be certified by a professional for which one can take help of the Ca services.

Related Blog : ALL ABOUT COMPANY REGISTRATION IN INDIA

FAQ:

Q. What is the difference between SPICe form and Spice+?

A. Spice is an eform whereas Spice+ is the newly launched integrated Web form.

Q. What is the maximum size for uploading SPICe+ forms?

A. 6 MB for each of the PDF form.

Q. Is it mandatory to take registrations offered in Spice+?

A. Yes, except for GST registration all other registrations are mandatory

Q. Where can I find more information regarding Company registration process?

A. One can visit our site for more related information Click here: Company Registration

5TH LARGEST ECONOMY IN WORLD

INDIA EMERGED AS THE 5TH LARGEST ECONOMY IN WORLD SURPASSING U.K. & FRANCE

SOON INDIA WILL BECOME THE WORLD LARGEST ECONOMY

World Population Review: US Think-Tank

According to the world population review, a United States of America (USA) think-tank openly declared that leaving behind UK & France, India has become the 5th largest economy in the world. According to the world population review, both the economies stand at $2.83 trillion and $2.71trillion respectively whereas; India being the 5th largest economy has GDP worth $2.94 trillion.

Read other blog: Highlights of Budget 2020

Leaving behind all the misconception prevailing in the market regarding the slump in Indian economy, the growth of Indian economy is unstoppable.

This is not the end of it, the report further mentions some interesting facts about the Purchasing Power Parity (PPP) index, where India is growing, leaving behind some of the developed economies in the world such as Japan & Germany. On the Purchasing Power Parity (PPP) index, India GDP at PPP stands at $10.71 trillion which is far more than what these developed economies has.

Company Registration In Dubai

Here is a list of some of the largest economies in the world:

RANK COUNTRY NOMINAL GDP
1 USA $21.44 trillion
2 China $14.14 trillion
3 Japan $5.15 trillion
4 Germany $4.0 trillion
5 India $2.94 trillion
6 United Kingdom $2.83 trillion
7 France $2.71 trillion

Related Blog – INCOME TAX EXEMPTIONS/DEDUCTIONS

Highlights of Budget 2020

Highlights of Budget 2020

A.   Tax for individuals:

  • A new tax regime, a person can move to a new tax slab structure which has 5 tax slabs however he cannot take any tax exemptions. The new tax slab structure has lower marginal tax rates for income up to Rs 15 lakh, when compared to the tax slab structure under the old tax regime.
Taxable income slabs Tax Rates
Up to Rs 5 lakh NIL
Rs 5 Lakh to Rs 7.5 Lakh 10%
Rs 7.5 lakh to Rs 10 lakh 15%
Rs 10 lakh to Rs 12.5 lakh 20%
Rs 12.5 lakh to Rs 15 lakh 25%
Rs 15 lakh and above 30%

Which option to choose? Old tax or new tax regime?

Budget 2020 has come up with the option of new income tax slab, under new slab you have an option of paying tax with lower tax rates but you cannot claim any exemptions/deductions or you can continue to pay tax under the existing income tax laws by claiming the exemptions and deductions. Which tax regime to choose depends on case to case basis. If an individual was claiming higher exemptions he is less likely to get benefit under the new regime.

  • For Financial Year 2020-21, taxpayers can opt any of these two options.
  • Dividend Distribution Tax has been withdrawn and dividend income shall be taxable in the hands of the recipient at applicable rates.

B.   The tax effect for Corporate

  • The corporate tax for newly set up manufacturing and power generation companies have been reduced to 15%.
  • Co-operative societies have been given the option to pay tax @ 22% without any deductions.
  • Dividend Distribution Tax has been withdrawn and dividend income shall be taxable in the hands of the recipient

C.  MSME Sector

  • Currently, businesses having a turnover of more than ₹1 crore are required to get their books of accounts audited by an accountant. For Medium, Small and Micro Enterprise (MSME) sector, Turnover limit for audit of MSMEs to be increased from Rs 1 crore to Rs 5 crore, to those businesses which carry out less than 5% of their business in cash.

D.  Indirect Tax :

  • Customs duty raised on footwear to 35% from 25% and on furniture goods to 25% from 20%.
  • Excise duty proposed to be raised on Cigarettes and other tobacco products, no change made in the duty rates of bidis.
  • Basic customs duty on imports of newsprint and light-weight coated paper reduced from 10% to 5%.
  • Customs duty rates revised on electric vehicles and mobile parts
  • Health cess 5% to be imposed on the imports of medical devices, except those exempt from BCD.
  • Lower customs duty on certain inputs and raw materials like fuse, chemicals, and plastics.
  • Higher customs duty on certain goods like auto-parts, chemicals, etc. which are also being made domestically.

Choose Your City For Company Registration.

Company Registration In Delhi

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Related Blog – INCOME TAX EXEMPTIONS/DEDUCTIONS

Steps for starting a business in India

Steps for starting a business in India?

The first step before starting a business in India is to choose the right business structure. A right business structure is one which compliments the business of the entrepreneur. The available business structures in India are as follows:

  • Sole Proprietorship
  • Partnership Registration
  • Company Registration
  • Limited Liability Partnership

Being the most important step one needs to consult a professional to choose the right business structure. A Private Limited Company is the best and highly recommended business structure to start a business in India. Here are the benefits of Company Registration:

  • Provides limited liability to its shareholders
  • The directors may be different form the shareholders i.e. owners
  • Tax benefits
  • Ease of getting bank loans
  • Legal Recognition
  • Perpetual succession
  • Preferred by investors

Once the business structure is decided the next step is to get the same registered. Company incorporation being the popular form of business one can refer the following Company registration process:

  1. UNIQUE NAME: Name registration/ approval is required to find a unique name for the proposed Company. For which a thorough check of MCA database and trademark in the related class needs to be done before applying the name with the Ministry of Corporate Affairs.
  2. DIGITAL SIGNATURE CERTIFICATE: Application for digital signatures need to be filed with the government authorised agencies which are verified by the Controller of Certification Agencies. DSC’s are password protected token used in the Company registration process.
  3. Next is to prepare the related documents and forms for which one can take assistance from professionals or hire them for such Ca services. The incorporation forms are linked forms which contain the following:
  • FORM NO. INC-32 (Simplified Proforma for Incorporating Company Electronically): As the name specifies it’s an integrated form which shall enable the applicant to file the following:
  • Name of the Company
  • Director Identification Number
  • Incorporation Certificate
  • PAN
  • TAN

Related Blog: ALL ABOUT COMPANY REGISTRATION IN INDIA

FORM NO. INC-33

(e-Memorandum of Association): This form contains the main business activity of the Company along with the details of the subscribers to the memorandum i.e. the shareholders of the Company and the amount of authorised capital.

Related Blog – INCOME TAX EXEMPTIONS/DEDUCTIONS

FORM NO. INC-34

(e-Articles of Association): All the rules and regulations along with the procedures for holding meetings, transfer of shares, voting rights etc. are listed in the articles of the Company. It contains the rules required to run the Company as required by the Companies Act, 2013.

FORM NO. INC-35

(Application for Goods and services tax identification number, employee’s state Insurance corporation registration plus Employees Provident fund organization registration): One can apply for GSTIN / EPFO / ESIC through the same form.

Once the forms are filed the company registration process is completed.

After business registration one needs to obtain the PAN i.e. Permanent Account Number and TAN i.e. Tax Account number. Both can be applied through NSDL website by filling form 49A and 49B respectively.

All businesses where the turnover exceeds 20 Lakh need to take GST registration. It is compulsory for E-commerce businesses as well.

The registration process takes around 7-12 working days. Business registration is not an easy task it requires professional interface at every step.

Brand registration is required for the logo and the brand name. For which trademark registration can be applied. Once the application is filed the words TM can be used with the logo and after approval R mark is used.

Frequently Asked Questions:

Que- What are the documents required for Company Registration?

Ans- DOCUMENTS REQUIRED:

  • PAN Card of the promoters
  • Passport size photograph of both the promoters
  • Aadhaar Card/ voter id of the promoters
  • Bank Statement/Utility bill of both the promoters
  • Rent agreement, if the registered place of business is a rented accomodation
  • Electricity bill/ Water bill (registered place of business)

Related Blog: What entities are eligible for MSME Registration & Document for MSME?

Related Blog: WHAT IS THE GST REGISTRATION PROCEDURE

GST Registration

Choose Your City For Company Registration.

Company Registration In Delhi

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Company Registration In China

MSME Registration

What entities are eligible for MSME Registration & Document for MSME?

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector in the Indian economy and is the backbone of the country. Obtaining the MSME registration certificate is not mandatory and is at the sole discretion of the enterprises. Eligibility for MSME registration for enterprises depending upon their scale of business which are defined as per their classification. Therefore MSME’s are classified into two categories:

Manufacturing Enterprises and Service Enterprises.

  1. Manufacturing sector represents enterprises engaged in manufacturing and production of products i.e. goods.

The eligibility criteria as defined by the MSMED Act for obtaining MSME Registration Certificate is as per investment in plant and machinery used in manufacturing the product:

  • Micro Enterprises: Investment on plant and machinery or equipment does not exceed INR 25 Lakh
  • Small Enterprises:  Investment on plant and machinery or equipment is less than INR 5 Crore, but more than 25 Lakh rupees. Micro Enterprises: Investment on plant and machinery or equipment does not exceed INR 25 Lakh
  • Medium Enterprises: Investment on plant and machinery or equipment is less than INR 10 Crore but more than INR 5 Crore.

Read Other Blog: WHAT IS MSME REGISTRATION FEES & PROCESS?

2. Services: The service sector represents enterprises engaged in providing services.

The eligibility criteria as defined by the MSMED Act for obtaining MSME registration certificate is as per investment in equipment used in providing services:

  • Micro Enterprises: Investment on equipment is less than INR 10 Lakh
  • Small Enterprises:  Investment on equipment is less than INR 2 Crore but more than INR 10 Lakh.
  • Medium Enterprises:  Investment on equipment is less than 5 Crore, but more than 2 Crore.

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3. Who can apply for MSME Registration Online?

  • Sole Proprietorship: It’s the simplest form of business where the owner and the business are considered as the same. The registration available for sole proprietorships are GST registration and MSME registration online. No separate tax return is required to be filed for sole proprietorships as no separate PAN card is required for the proprietorship’s.
  • Partnership:  Partnership’s require two or more people who agree to enter into a lawful business which they start together by registering the partnership deed wherein the roles, duties, liabilities, procedures, profit and loss ratio are predefined.
  • Company: Company Incorporation is the most popular form of business structure. Minimum two individuals are required to form a company both can be director and shareholder. Company registration is done with the Ministry of corporate affairs. It enjoys the status of a separate legal entity providing limited liability to its shareholders and is the most recommended business structure.
  • Limited Liability Partnership: We can say it’s a combination of benefits derived from partnership and company form of business. Unlike partnership registration LLP registration is mandatory. It’s a newer concept wherein all the partners have limited liability.

4. Documents required for the MSME Registration Online are as follows:

  • PAN Card of Proprietor/ Partnership/ Company/ LLP
  • Aadhar Card of Proprietor/ Partner/Director/ designated partner
  • Office Address Proof i.e. Electricity Bill/ Telephone Bill
  • Business Name and Object
  • Investment (In Lakhs)
  • No. of Employees
  • Bank Details (Account no., IFSC)
  • Email id and Mobile No.
  • Registration Document (if applicable) i.e. GST certificate/ Partnership Deed/ 10) Company Incorporation Certificate/ LLP deed
Import export code

WHAT IS AN IMPORT EXPORT CODE (IEC)?

One needs to adhere to various rules, regulations and other technicalities that international trade has, to make one’s business global. One of the mandatory requirement is Import export code.

What is Import export code?

Import Export Code (IEC) or Import Export License is a Ten digit alphanumeric code allotted which is same as your PAN No. (Exp. XXXXX0000X) and is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. No person or entity is allowed to export or import any article/ goods/ services etc. without having an Import Export Code (IEC) Number.

The validity of the Import Export Code is for lifetime and it is valid for all the branches or factories of the importer/exporter. IEC is a PAN based registration, therefore IEC code online would be issued against a single PAN number. In case there are more than one IECs allotted to any entity the same may be surrendered to the Regional Office for cancellation.

How do I register for Import Export Code (IEC)?

An application shall be filed online in the specified form along with the documents required to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the region where the office of the company is registered.

The person applying for IEC Code online shall get himself registered in one of the many form of business, for instance:

  • Proprietorship Firm Registration
  • Company Registration
  • Partnership Firm Registration
  • Cooperative Society Registration, etc.

In simple language, there should be a legally registered entity depending upon the requirement of the applicant who is getting the registration.

However there are some exempted categories of Import and exports, who are not required to take an Import Export License (IEC No.) For exp:

  • Ministries/Departments of the Central or State Government;
  • Persons importing or exporting goods for personal use;
  • Persons importing/exporting goods from/to Nepal or Myanmar exceeding certain limit;
  • Some Charitable Institutes; etc.

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When is Import Export Code (IEC) Required?

  • When an importer/exporter has to clear his shipments/ send his shipments from the customs
  • When an importer/ exporter sends/receives money from abroad through banks in foreign currency.

What are the documents required for IEC code?

Documents required for Import Export Code or Import Export License are as follows:

  • Digital Photograph (3x3cms) of the Signatory Applicant
  • Self-Attested Copy of PAN card
  • Self-Attested Copy of Passport
  • A list of partners/directors along with address and phone number
  • MoA/AoA or partnership deed
  • Bankers Certificate or cancelled bearing the applicant entities name, Current Bank Account details;

There are various other documents required depending upon the form of your business, it is always advised to take assistance of an expert.

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Benefits of IEC Registration

  • Export related incentives

     For promoting Export government is providing several benefits on their exports from the DGFT, Export Promotion Council, Customs, etc.

  • IEC Code Online

     DGFT has introduced IEC code online system of filing application along with some simple documents which made the process faster and easier.

  • Pan based Registration

     The Code is based on the Permanent Account Number of the business organisation. Therefore, one PAN one IEC. 

  • Lifetime validity

     Import Export license is a permanent code which is valid for life time till the business is in existence or till the registration is not revoked or surrendered.

  • No Return Filling

There are no prescribed returns in case of IEC, hence no return filing requirement with DGFT.

  • No renewal of Code

Import Export code does not require renewal, once it is obtained it can be used by an entity for all export and import transactions.

Choose Your City For Import Export Code

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