Business Agreements Drafting | PAN India LLP Registration Service

A business contract is a legal agreement between a buyer and seller of goods or services. Business contracts can be used by anyone making any kind of business exchange – from large companies to individuals. Business contracts should include all details about the exchange, including payment, the type of goods or services, and the responsibilities of each party. A business contract will protect both the buyer and seller in the event the other party does not hold up their end of the agreement

A Business agreement is a kind of agreement in which each party agrees to an exchange typically involving money, goods, and services. It protects both buyer and seller by reducing agreements to writings. The contract can be as long or as short as possible and necessary in order to cover the important details of the contract.

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Startup Pitch Deck Preparation | PE Setup Services India

Whenever entrepreneurs are looking to raise capital and get legitimate VCs for their startup, the first step that they need to accomplish is to have an appealing, detailed, clear Startup Pitch Deck.

A pitch deck is a brief presentation that provides investors with an overview of your Start-up idea, organizational structure, appeal in the business line, feasibility, and viability.

Startup pitch deck ordinarily focusses on:

Showcasing product/ service

Insights on your business model

A look into your monetization strategy

An introduction of your founders and your team

Industry synopsis

Factors that make your startup more advantageous than the rest of your competitors (If any)

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Most Investors review hundreds of Startup Pitch Decks every day and hence a basic deck fails to excite them enough to consider a startup seriously. The repetitive and mundane feel of basic pitch decks of every other startup makes them want to see one unique and impactful.

Creating a Startup pitch deck that stands out from your competitors is crucial before pitching VCs for investment. It will determine whether your pitch deck will be thoroughly reviewed or skipped immediately.

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Expectations from Union Budget 2022

Introduction

Amidst the current Omicron wave across the world, leading world economies, including India, are on the path of recovery from the damage the COVID-19 pandemic has done. With the predicted growth of real GDP estimated at 8.3 per cent, as forecasted by the World Bank, the Indian economy is at the centre of the limelight in world economics.

In this article on expectations from the Union Budget 2022, we have highlighted industry-wise expectations for reforms, subsidies, and support mechanisms from the Government of India.

 

Hospitality Sector

 

The hospitality sector is amongst the sectors that have been most disrupted from the COVID-19 pandemic and pursuant lockdown and travel restrictions that were imposed across the country.

 

This sector has been significantly suffered a crunch on liquidity and hence we expect the following reforms, support and benefits to accrue from the union budget 2022:

 

1. Reduction in tax rates on both corporate and normal assesses.
2. Fund for extending liquidity to the sector in form of collateral-free top-up of working capital limits
3. Increased or priority access to MSME reforms for the stressed entities.
4. Introduction of schemes for the promotion of travel and tourism by the government.

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Company Registration in India

If you are planning to start business in India, the first &the foremost step is to establish the legal presence of your business in India by registering it in accordance to the applicable provisions of Companies Act, 2013.

 

Thinking why to choose Company Registration in India? Company Registration in India will boost the progress of your business and provide an additional edge over those who have not registered.

 

• Shields from personal liability and protects from alternative risks and losses.
• Attracts more customers
• Procures bank credits and good investment from reliable investors with ease.
• Offers liability protection to protect your company’s assets
• Greater capital contribution and greater stability, increases the potential to grow big and expand
• You will also get Zero Balance Current Account

 

Why Setup Services India to help you in Registering your Company in India?

 

The Company Registration process is completely online, so you don’t even have to leave your home to get your entity registered. Our highly qualified professionals ensure that not even a single client at SSI is ever bothered to participate in a cumbersome procedure(s) while doing their business; we take this as our responsibility to solve the complex trails of statutory compliances for you to save your time and effort in doing your business. Want to know more OR have any doubt?? Request a Call Back!

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Startup Registration Services | Company Startup Registration Services

Startup is a useful term in today’s era to lift up the environment of business. It is the term or scheme used under DPIIT which is an initiative by the Government of India, in consonance with the Make in India initiative that altogether aims to help and support the entrepreneurs and facilitates the startup ecosystem by offering several exemptions, subsidies, and other benefits.

 

This Startup India portal helps in many ways and aims to promote unique and innovative startups in India.

 

A few benefits that are made available to Startups post registration are as follows:

 

1. Reduction in cost of patents

 

The government of India has enlisted a few facilitators for patents and trademarks. Such consultants will provide high-quality Intellectual Property Right Services including fast – pace examination of patents at lower fees. The government will bear all facilitator fees and the startup will have to pay only statutory fees. They will enjoy an 80% subsidy on the cost of filing patents.

 

2. Easy access to Venture Capital

 

A 10,000 crore rupees corpus fund is set up by the government of India to provide funding to Indian startups as venture capital.  The government will also be giving limited guarantees to the lenders in order to encourage banks and other financial institutions for providing venture capital.

 

3. Tax holiday for 3 Years

 

Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).

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Startup Registration Services

 Startup is a useful term in today’s era to lift up the environment of business. It is the term or scheme used under DPIIT which is an initiative by the Government of India, in consonance with the Make in India initiative that altogether aims to help and support the entrepreneurs and facilitates the startup ecosystem by offering several exemptions, subsidies, and other benefits.

This Startup India portal helps in many ways and aims to promote unique and innovative startups in India.

A few benefits that are made available to Startups post registration are as follows:

1. Reduction in cost of patents

The government of India has enlisted a few facilitators for patents and trademarks. Such consultants will provide high-quality Intellectual Property Right Services including fast — pace examination of patents at lower fees. The government will bear all facilitator fees and the startup will have to pay only statutory fees. They will enjoy an 80% subsidy on the cost of filing patents.

2. Easy access to Venture Capital

A 10,000 crore rupees corpus fund is set up by the government of India to provide funding to Indian startups as venture capital. The government will also be giving limited guarantees to the lenders in order to encourage banks and other financial institutions for providing venture capital.

3. Tax holiday for 3 Years

Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).

4. Ease in an application for Government tenders

Registered startups are exempted from “prior experience/turnover” criteria applicable for normal entities applying for government tenders.

5. Simplified and easy compliances

The Government has simplified a lot of compliances for startups so that they can save time and money. Startups shall also be allowed to self-certify compliance (through the Startup mobile app) for 9 labor and 3 environment laws.

6. Tax saving for investors

Investors investing their capital gains in the venture funds set up by the government of India will get an exemption for capital gains under the Income Tax Act, 1961.

7. Easy winding up

In case of closure of operations– A startup can wind down its registered company (business) within 90 days from the date of application of winding up.

What is the eligibility for getting your startup registered?

1. Company Age: The period of existence and operations should not be exceeding 10 years from the Date of Incorporation.

2. Company Type: Incorporated as a Private Limited Company, a Registered Partnership Firm, or a Limited Liability Partnership.

3. Annual Turnover: Should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its Incorporation.

4. Original Entity: An entity should not have been formed by splitting up or reconstructing an already existing business.

5. Innovative & Scalable: Should work towards the development or improvement of a product, process, or service and/or have a scalable business model with high potential for the creation of wealth & employment.

NGO Incorporation | PE Setup Services India

Non-Governmental Organizations were originated from Article 71 of the United Nations Act in 1945.

An NGO can be any kind of an organization provided that it is independent of government influence and is not-for-profit.

In the Indian economic system, an NGO structure has been fairly divided into three different categories namely: Trusts, Societies & Section 8 Companies.

Salient features of all three categories have been mentioned below:

TRUST

1. Governed by the Indian Trust Act, 1982 except for the states Gujrat & Maharashtra; A Trust can be incorporated in India by any person, AOP, HUF, Company, etc provided there are at least 2 persons who can lay the foundation of trust by signing a Trust Deed.
2. Trusts in India are incorporated into 2 sub-categories namely:

• A Private Trust, which is created for a closed group i.e, its beneficiaries can be identified. Eg: A trust created for the relatives, friends, sister concerns of the author.
• A Public Trust, which is created for a large group, i.e. for the general public wherein individual beneficiaries cannot be ascertained in specific.

1. A trust can simply be incorporated by registering the Trust deed with the Jurisdictional registrar and is valid to operate PAN India.

What makes a Trust different from a society and a section 8 company? A trust is an agreement between parties, whereby one party holds the ownership of a property for the benefit of another party, and the legal title of the property vests in hands of the Trustees.

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