The organisational structure chosen by an entrepreneur will determine the amount of taxes he/she will be paying, the measures of compliances that owner has to follow and the eligibility criteria that must be fulfilled by the owner. Therefore, one of the most essential decisions an entrepreneur can make is selecting the kind of business registration to go for in India. Moreover, the legal system in Indian allows various kinds of companies to exist under different kinds of company registration . Scroll down to check different types of business forms and company registration. Different types of Company Registration Company registration is the most important process by which business owners incorporate or establish their company. Since in India there are quite a few types of companies, entrepreneurs have to make sure that they choose a business form that is appropriate for their operations. The Companies Act, 2013 lays down rules and regulation for different forms of company regist...

When the status of a trademark is shown 'objected' on the official Trademark Registry website, this states that the trademark examiner or any other entity has raised objection over the trademark. Trademark objection has to be handled carefully and considered the most vital stage of the trademark registration process and it is considered as the most vital stage of the process of trademark registration. Trademark objection is included in the procedure of trademark registration. The trademark objection will raise the objection on the base of the findings during the examination process on certain goods and products. The objection's reply should be convincing and must properly answer the raised queries , or else, it can get trademark application rejected. The trademark should not be identical or similar to any other organization's mark; the trademark must be unique in every possible way. Trademark registration provides rights and protection to the protected intellec...

  Nidhi Company is a company that deals with the non-banking finance sector. The significant feature of this company which makes it different from other companies is that the Nidhi Company deals with the deposits from and loans to its members only and works for mutual benefits of its members. Nidhi Company Registration is regulated by Ministry of Corporate Affairs, Companies Act and Nidhi Companies Rules, 2014. Section 406 of Companies Act, 2013 governs the affairs of Nidhi Companies. The Reserve Bank of India (RBI) regulates the business activities of the Nidhi Companies, as it is just like to that of a Non-Banking Financial Corporation (NBFC). However, RBI has exempted Nidhi Companies from the core provisions of RBI Act, 1934 and other regulations prevalent on an NBFC, as these companies’ deals only with the money of its shareholders. Further, the Nidhi Company is allowed to have branches but it cannot open more than three branches. It is pertinent to take into consideration t...

  It is mandatory to obtain Music license for all the business units who are looking forward to playing music in the public zones for any commercial purpose. As per the Copyright Act, 1957, it is compulsory for all the restaurants, cafes, pubs, bars, hotels that play music on their premises, to obtain license. The main objective of this license is to give credit to the creator such as singers, writers, composers, musicians, etc. and at the same time, it safeguards their rights. Scroll down to check more information regarding license. What is the Music License? As per the Copyright Act, 1957, the musical work means a work containing music and includes any graphical notation of such work, and it does not include any words or action intended to be spoken or performed or sung the music. Music of the owner and purchasing a CD or a DVD does not mean that you have the right to use the music anywhere in Public. If anyone wants to use the music for the commercial purpose which can be...

Goods and Services Tax or commonly known as GST is an indirect tax levied on the supply of goods and services in India. It’s a single tax on the supply of goods and services. In 2017, PM Shri Narendra Modi introduced GST in India with the slogan of One Nation One Tax . Goods and Services Tax helps to boost up the Economy of India and it has replaced other indirect taxes in India such as CST, service tax and VAT. As per the GST regime, GST registration is necessary for the business’s having a turnover of more than INR 40 lakh but in North East states GST is levied on the businesses having turnover of INR 20 lakh. If any business is found without registration under GST Act, then it will be deemed as a punishable offence under the act and will have to pay heavy fine as penalty. Registration under GST Act is compulsory for businesses like Dealers, E-Commerce, Import and Export businesses. Different Components of GST There are 3 components of Goods and Services Tax which are mentioned-be...

LLP stands for Limited Liability Partnership, has a separate legal entity from its partners, and has perceptual succession. The business structure of a Limited Liability Partnership is easy with the benefits of limited liability. LLP Registration gives all the partners the freedom to form a partnership structure where each partners' liabilities are limited. It offers extra benefits in comparison to the partnership firm. In LLP, an agreement between the partners decides the duties and mutual rights of the partners. It can take any contracts and hold property in its name. Scroll down to check more information regarding the process of LLP Registration in India . What are the advantages of LLP Registration? Following are some advantages of LLP Registration that you can avail yourself after the completion of the registration process: Low Cost of Registration The registration cost of LLP is very low compared to any other company like Public Limited or Private Limited Company. No ...