Register Employees State Insurance
Employees State Insurance “Any premises including the precincts thereof were of ten or more persons are employed or were employed on any day of the preceding twelve months, and in any part of which, a manufacturing process is being carried on or is ordinarily so carried on, but does not include a mine subject to the operation of Mines Act 1952 (35 of 1952), or a railway running shed.” -Definition [...]
Full safety for Imported Food in India
Introduction To increase the safety of the imported food, Food Safety and Standards Authority of India with the Custom and Excise Department made 125 places all over India for imports and clearances. This was made as part of the government’s push to ensure safety for the food business holders. The special grade custom officers are appointed by FSSAI at these 125 places called “authorized officials.” The officers are in charge of [...]
Nidhi Company
Introduction Nidhi company is a kind of company recognized by the Companies Act, 2005. These companies can have all the transactions with their members only. They are allowed to borrow from or lend money to their members. The capital of a Nidhi company is only from its members Requirements of Nidhi Company The most significant requirement to incorporate a Nidhi company is the availability of a minimum of 3 directors and [...]
Requirement of a Private Limited Company
Introduction Incorporation of a limited company means declaring a corporate entity separate from its owners. It is a legal process and the second step towards the formation of a company. The first step to form a company is promotion which is followed by incorporation. It is the process of getting your company incorporated with the registrar of the company by filing various documents such as a memorandum of association, articles [...]
Business Structures in India
Introduction There are various kinds of business structures prevailing in India. Choosing a business structure is one of the most important decisions taken by entrepreneurs. A business can't be successful only with a great idea and investment. A successful business also depends on the type of structure they are using. There are several business structures prevailing in India, some of them are; sole proprietor, partnership firm, one person company, private [...]
Advantages of One Person Company (OPC)
Advantages of One Person Company Here are the 10 reasons why any entrepreneur or business entity should opt for One Person Company. The Advantages of One Person Company are as follows: A Separate legal entity OPC is a separate legal entity and capable of doing everything that an entrepreneur would do. Easy Funding It is a company is a private company, OPC can raise funds through venture capital, financial institutions, angel [...]
Difference between Word, Logo & Logo Composite Mark
Introduction Entrepreneurs often face a dilemma regarding what to trademark so as to protect their product and service. Many brands have trademarked their color combination in packagings in the case of Cadbury's, Parle-G and some have even trademarked the positioning of their labels as in the case of Levis Jeans. Today, the companies have trademarked everything ranging from the packaging, color, name, logo, sign, diagram, picture, writing to even sound and smell. Although, less [...]
ISI Mark Registration in India
Introduction ISI mark or the Indian Standard Institute, that is known as BIS, is a standard body in India which checks the quality and the efficiency of different products in India and hence keep in check if the company is following the laid out standards given by the Institute. Now there is a very common misconception amongst the general public that ISI Certification and ISO Certification is one and the [...]
Short-term financing options for Business
Short term financing options can help an Entrepreneur to make a business successful. Being an Entrepreneur, everyone expects you to understand the most important term in the financial world, 'Cash' or 'Capital'. A successful entrepreneur is one who knows how to play with this word. If you know how to manage, play and bend this word your way, you can actually rule the world. But, then it is one of [...]
Procedure of Company Registration in India
Introduction An Entrepreneur always wants to incorporate his own company. Even after coming up with his own idea, selecting the type of business he wants to form (Sole Proprietorship or LLP or Private Limited Company, etc.) and organizing the whole team including the drafting of business plan and raising funds for the company, his company is still not recognized as a company under the law. According to Companies Act 2013, a company [...]