Documents Required For Startup Registration

 

A Start-up comes into existence when a founder comes up with a great idea accompanied by an execution plan that can potentially change the way an Industry works and/ or gives a solution to a specific consumer need.
 

In a view to support such ideas for creating a better future, developing an effective Start-up ecosystem, and catalyzing the creation of employment opportunities through them in the country, The Government of India has launched a Startup India Initiative as their flagship scheme to promote innovative ideas and incentivize the entrepreneurs for setting up their ventures.
 

These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT)

Do you have a Startup?

Then you must meet the following criteria to be considered eligible for DPIIT Startup recognition to avail of the benefits declared by the Central/ State government(s) from time to time:
 

• Company Age: Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.
   
• Company Type: Incorporated as a Private Limited Company, a Registered Partnership Firm, or a Limited Liability Partnership
   
• Annual Turnover: Should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its Incorporation
   
• Original Entity: Entity should not have been formed by splitting up or reconstructing an already existing business.
   
• Innovative & Scalable: Should work towards 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.
    

More Info :  Documents Required For Startup Registration

Startup India Registration Online

 In GST Regime, businesses whose ANNUAL Turnover exceeds

INR 40 Lakhs, for the supply of goods, and (Rs 20 lakhs for Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand) INR 20 lakhs, for the supply of services, are mandatorily required to be registered as a normal taxable person.

Goods and Services Tax (GST) was introduced by the Government of India in 2017 to facilitate their mission of One nation, one tax, one market; The introduction of GST has led to the absorption of several Central and State taxes into one tax structure which offers complete and comprehensive set-off of input goods and services, as a result, reducing the cost of locally manufactured goods and services.

 In GST Regime, businesses whose ANNUAL Turnover exceeds
INR 40 Lakhs, for the supply of goods, and     (Rs 20 lakhs for Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura, Uttarakhand) INR 20 lakhs, for the supply of services, are mandatorily required to be registered as a normal taxable person.

Who else is required to get GST registration done, even if Turnover based threshold limits have not been crossed?

1.  Agents of a supplier & Input service distributor
2.  Those paying tax under the reverse charge mechanism
3.  A person who supplies via e-commerce aggregator
4.  Every e-commerce aggregator
5.  Any person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

How can SSI help, if you want to register yourself under the GST mechanism?

SSI uses a comprehensive approach to first help its clients in understanding the GST mechanism by:

1. Discussing applicability of GST on their respective business
2. Elaborating prescribed limit(s) for the statutory exemption
3. Identifying the rate of GST applicable to the products and services being sold
4. Listing out the intervals, mode, and manner for payment of GST and several other compliances that become applicable post-registration.

Get More Info :  Startup India Registration Online

Trademark Registration | Company Registration in India

 

Trademarks are unique identities that can be registered with the regulatory authorities in order to legally protect a product, service, or a business name from not only illegal impersonators, counterfeits, copies, etc but also from solicitation of unwarranted ownership that is often showcased by third parties on purpose to either willingly encash or to spoil a reputation built by the actual owner of a brand.

Unique identities and expressions can be logos, photographs, slogans, words, color combinations, graphics, etc.

SSI recommends that if you have a unique product name, brand, or logo then the only legal recourse to protect your exclusive ownership rights is to register it as a trademark.

A registered trademark becomes the intellectual property of your business and its registration certificate acts as a protective cover.

In India, trademarks are registered and regulated by the Controller General of Patents, Designs and Trademarks, Ministry of Industry and Commerce, Government of India. You can register your trademark under the provisions of The Trademark Act, 1999.

A registration certificate once obtained is valid till 10 years from the date of registration and provides the owner a right to sue the entities who try and copy a registered trademark.

A ™ can be obtained within 3 days. However, to get a ® symbol, it may take up to 2 years from the date of application.

In case a Trademark registration is nearing its expiry date, the owner can apply for the renewal for an incremental period of 10 years by submitting an application with requisite forms.

SSI offers comprehensive solutions to get Trademark Registrations and transfers done in India, Nepal & Lebanon in a professional, fast, and diligent manner.

With the assurance of covering all the compliances and statutory requirements, our aim is to provide you a hassle-free one-stop solution for all your Trademark related needs.

Startup India Registration Online | How To Set Up A Company In India

Virtual CFO services are a new trend in the financial industry that allows companies to have access to professional CFO expertise without the cost of hiring a full-time employee. These services provide a range of financial support to companies, from budgeting and financial analysis to compliance management and raising capital.

 One of the key activities a Virtual CFO would perform for an enterprise is financial analysis. This includes analyzing financial data to identify trends, opportunities, and risks. This can help companies make better decisions, such as identifying areas for cost savings or new revenue streams. Additionally, a Virtual CFO can help with budgeting, forecasting, and financial planning.

 

Startups can benefit greatly from Virtual CFO services by having professional expertise at a very cost-friendly budget. Many startups do not have the resources to hire a full-time CFO, but still need the support and guidance to grow their business. Virtual CFO services provide the necessary financial support without the cost of a full-time employee.

 

MSMEs can also be benefitted from a Virtual CFO in day-to-day decision making, budgeting, financial analysis, compliance management & overview, raising capital, etc. Virtual CFOs can help MSMEs with compliance requirements, such as tax filing and financial reporting. They can also provide guidance on raising capital and managing cash flow.

 

The CFO support Service as Virtual CFO is an emerging trend among the client and financial professional. It is a well-known fact that CXOs (CEO, CFO, COO, CMO, CRO) plays very crucial role on driving growth, economic stability. At times, even short-term results (that may eventually become causes of potential failure) are too easily overlooked. In the overall organization set up, CFOs are often best placed within this executive group to identify and raise those risks or challenge business assumptions at the Executive board. Virtual CFO Service offers the best possible alternate especially in case in which CFO is not on board, for some reason or other.

Get More Info : Startup India Registration Online

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What Is The Legal Way To Introduce Your New Business Idea To The Market?

It is very important for everyone, whether it is a start-up or an established company, the legal requirements are met; knowledge and compliance with applicable laws are the first steps in ensuring a smooth start to the business.

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Mergers and Acquisitions | Setup company in india

Incorporate finance, mergers, and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities, through various types of financial transactions including exchange or entity's stock, equity interests, assets, consolidations, joint ventures, slump sales, and management acquisitions.

 

What are different kinds of mergers that can be successfully carried out in the Indian financial ecosystem:

 

Mergers can be carried out in numerous ways based on the relationship between the two companies involved in the deal; Following are the kind of mergers that are mostly carried out:

 

Horizontal merger: Two companies that are in direct competition and share the same product lines and markets.

Vertical merger: A customer and company or a supplier and company. Think of an ice cream maker merging with a cone supplier.

Congeneric mergers: Two businesses that serve the same consumer base in different ways, such as a TV manufacturer and a cable company.

Market-extension merger: Two companies that sell the same products in different markets.

Product-extension merger: Two companies selling different but related products in the same market.

Conglomeration: Two companies that have no common business areas.

Get More Info : MSME Registration Services India

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Transfer Pricing Advisory | Business setup in india

With incremental adoption of globalization and rapid growth in several multi-national companies trying to establish their operation facilities, production houses in India, taxation in India is being aligned with global tax practices.

 

Therefore, it is incredibly important for every business entity to develop a thorough understanding of the transfer pricing regulations applicable on an Indian registered business entity, to plan the way for a business as well as its tax structure.

 

What is Transfer Pricing?

 

Transfer pricing generally refers to the price(s) of transactions controlled and practiced between associated enterprises. Such pricing decisions may be taken under conditions differing from independent enterprises.

 

Transfer pricing is the value attached to transfers of goods, services, and technology between related entities located in different territories. It also refers to the value attached to transfers between unrelated parties which are controlled by a common entity.

 

In other words, Profits accruing to the parent company can be increased by setting high transfer prices to siphon off profits from subsidiaries registered and operating in high tax countries and low transfer prices to divert profits to subsidiaries located in low-tax jurisdictions.

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Online Trademark Registration

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