VAKIL SEARCH

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We provide access to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our online platform, at all times.

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Filing consumer complaints is no more tedious and time-consuming. Get in touch with Vakilsearch lawyers and experts to file your consumer complaint online.

We provide access to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our online platform, at all times.

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Need All The Keys To Gathering Funds For Your Business? Here’s How!

As an entrepreneur or a business owner, one faces many challenges. But, one of the biggest challenges would be finding money or funding to start a business. For starting a business, every single thing you do, requires money. Whether it is renting the space for your business, or hiring employees. Fundraising in India is a very good way to gather funds for your business. 

Funding covers incorporation, website development and others, depending on the need. Securing capital investment is known as fundraising and is a very important step for any entrepreneur. Fundraising can either be online or offline depending on the type of business and the fundraising ideas. 

There are some different ways of fundraising for your business. Here are some of them:

1. Crowdfunding: The practice of raising small amounts of money from large groups of people, to fund a project or a venture is known as crowdfunding. Crowdfunding fundraising websites are a very popular way to fund a business. 

2.Angel Investors: An angel investor is someone who invests his or her money into an entrepreneurial venture. This would always require an entrepreneur to give the investor some share of equity in the company. 

3.Venture Capitalists: These are similar to angel investors, and have money to invest in young and up and coming businesses that show a lot of potential and promise. Even venture capitalists look for some shares of the equities of a company when they invest in the company and along with this, wish to have some say in the way the company is run. venture capitalists are often looking to make money once they invest and feel like the best way to do this is to have some say in the running of the company. 

4. Microloans: Microloans are reserved for organizations that do not qualify for traditional bank loans, mostly non profit organizations. Microloan organizations allow individuals to invest in economic opportunities instead of gifting or donating the money.

These are just some of the ways you can gather funds for your organization or business. Fundraising happens in several stages. 

1.Seed round: During this stage, initial funds are used to conceptualize and form business ideas. The company in this stage is still working towards developing the product or the prototype of a product. 

Stage 1: Once the company starts to gain traction and get attention for its product, they start looking for venture capitalists to get funding for the early stage of growth of the company.

Stage 2: By this stage, the business would have established themselves in the industry. In order to expand their business further, they would need more funding for reaching more customers and increase their potential for growth.

Stage 3: In this stage, the company has to prove that it has the potential to grow. The company is on the lookout for new customers and to expand the business. Generally this is the last stage in the company’s growth stage. 

Some more stages that happen during fundraising for the company are as follows. 

Mentorship: Entrepreneurs assist an individual in honing their pitching skills and guidance from people who have already made it big in the startup world.

Investment Pitch: The pitch is usually a small presentation that provides investors with an idea of what they are going to be investing in. Investors require a business plan that is visually appealing and has minimal text and yet should explain everything. 

Some key aspects of well designed a business plan include:

Elevator Pitch: This would be a short but detailed paragraph about the problem that one is trying to solve.

Solution: The answer to the problem that is being addressed. 

Market Analysis: This includes deep analysis of the competition and a deeper look into market trends.

USP: Proof of what makes your business different from all the other competitors.

Business Model: The area in which one business adds value and what the customers are paying for. 

Market Strategy: Details on the market strategy of the company and how it would evolve over time and how the company convinces its customers that they are better than the competitors. 

Current Traction: A laydown of all the achievements of the business so far. 

Background: A background of every founding member of the company is necessary to have an effective business plan. 

For all of these services for your company, and to gather funds easily, Vakilsearch is here to help and guide you, with our team of legal experts. 

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A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually.

For more info visit our website

GST Registration

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All Private Limited companies in India are governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. According to this act, every company, post incorporation, has to fulfil some, mandatory legal obligations.

 For more info visit our website.

Annual Return Companies

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Shop and Establishment Registration

The Shop and Establishment Act in India was implemented to govern the rights and working conditions of workers that are employed in the unorganized sector. The act requires all commercial establishments like theatres, eateries, hotels, amusement parks, shops, retail/trade business etc. to apply for the license and registration within 30 days of commencing the business. The Act asks the employers to declare the following:

Working hours

Rest interval of employees

Opening and closing hours

Health and safety measures

Wages for overtime work

National and religious holidays

When do You Need a Shop and Establishment License?

When a business entity starts employing people as contract-based or full-time employees, casual workers, etc. then they need to register for the Shop and Establishment licence within 30 days of starting business to enforce proper regulations for workers’ rights and work conditions. 

The shop and establishment registration is required while establishing any commercial place and is a state-based registration for which rules vary according to the state. The commercial establishment as defined in the Act include:

Commercial sector establishments like trading, insurance, or banking organization

Establishments where people are employed to provide service or do office work

Refreshments house, small café, boarding houses, eateries, hotels, etc.

Entertainment and amusement establishments like cinema halls, theatres, amusement parks, etc.

How to Apply for Shop and Establishment Registration?

The Shop and Establishment Act requires every business to approach the Department of Labour for the approval, although the rules and regulations vary from state to state. You will need the following documents to apply for the license:

Applicant’s passport size photograph

Photo the establishment along with the owner/manager

List of directors and management employees, if applicable

Details related to the company, employees, salaries

Establishment’s address proof

Affidavit

You will also need to submit the following information:

Manager and employer’s name

Establishment’s postal address

Establishment’s name

Category of establishment

Number of employees

You can apply for shop and establishment registration online through the state government’s website. The application in the format prescribed on the website needs to be submitted with above mentioned details along with the prescribed fee. Once the application is received by the Department of Labour an inspector will visit your establishment to check the details and will provide the registration certificate/licence in accordance with the Act. 

Shop and Establishment Registration: Advantages

The owner of the establishment may benefit from the registration in the following ways:

The licence will help the owner in getting a current account with the bank

The owner will be at ease in case of unexpected visits by the inspector from the State

The registration can be renewed easily online with minimal fee without hustle

Online shop registration is easy and quick process

The owner of such establishments can also contact companies like Vakil Search that offer legal counsel through legal experts and advocates and can help them get the registration within no time and without much effort. 

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What are the benefits of Udyog Aadhar Registration and Requirements for Udyog Aadhar Register Online

Industries have been playing a vital role in the socio-economic development of India. These industries are inclusive of Small Scale Industries (SIS), Manufacturing enterprises, Service enterprises, and Micro, Small and Medium Enterprises (MSME). In order for a business to avail government subsidies and schemes that are exclusive for small businesses, it also needs to be recorded so that they receive constant support.

Talking about incentives, government schemes, and support, any business requires a registration to complete all the formalities of owning, running either a service or a manufacturing enterprise.The registration was earlier done under the MSME act, but is now done under the Udyog Aadhar Act. This registration helps the enterprises perform business transactions while working with other industries. This process of registration is general for all kinds of industries, whether central or state. It provides a gamut of post-registration services like Copyright registration, Trademark Registration, Personalized Legal Document Drafting, Accounting, and Bookkeeping Services, to name a few.

So to make the procedure of registering medium or small level enterprises clearer and easier, the government of India created a new act called the Udyog Aadhaar in 2015. MSME is replaced by the Udyog Aadhar and is entirely done online. 

Benefits of Udyog Aadhar Register Online: 

 Get a concession while paying electricity bills

Banks will abstain from asking for the security deposits

The chances of getting rewarded with government tenders increases

Bank loans become easy and affordable to get a hold of

With the registration, you get reservation rights as well as benefits

When filing for trademark and patent registration there is a fee reduction and one is also offered with security under the rights of intellectual properties.

Advance industrial subsidy

Registration along with the stamp duty charges are recanted

Rate of interests for bank loans are reduced

Compensation is provided under the bar code registration

  What is the eligibility for Udyog Aadhar Registration?

The eligibility for the benefitting scheme of MSME or SSI registration is entirely dependent on what the scale of the business enterprise is. The registration of Udyog Aadhar is pertinent for the following:

Hindu Undivided Family (HUF): 

Proprietorship

 One-person company(OPC)

Public Limited Company

Partnership Firm

Private Limited Company

Cooperative Societies

Production Company

Limited Liability Partnership(LLP) 

Now, these can be Micro, Medium and Small enterprises; and for each enterprise, there are different requirements that need to be fulfilled depending on whether it is a manufacturing enterprise or a service enterprise.

Micro Enterprises:

These are considered to be the smallest business entities. A manufacturing enterprise should possess an investment of less than ₹ 25 lakhs in machinery and plant. Whereas a service enterprise should invest up to the amount  ₹ 10 lakhs.

Medium Enterprises:

They have an entrepreneurial essence and if it is a service enterprise the investment required in the plant and machinery should range between ₹ 2 crores to 5 crores. But if it is a manufacturing enterprise, the investment has to be between ₹ 5 crores ₹ 10 crores. 

Small Enterprises:

It has an employee range of 10 to 50. For service enterprises, the investment is said to range between ₹ 25 lakhs to ₹ 5 crores and for the manufacturing enterprises, it ranges between ₹ 10 lakhs and ₹ 2 crores.

  List of documents necessary for Udyog Aadhar Registration:

Partnership Deed - AoA and MoA

Business address proof

Copy of the bills and licenses of machinery purchased 

For firms that are not listed in the Schedule - III of the Industrial Licensing Exemption Notification, an Industrial License is required in order to complete the Provisional Registration Certificate (PRC). Every other business that is mentioned in the schedule above does not require any Industrial license.

Copies of purchasing and sales bill

An NoC from the pollution board needs to be obtained stating proof of no policies being violated in order to complete the documentation and registration process.

  The Udyog Aadhar Registration makes it easier in starting and moving forward with a business venture. Udyog Aadhar Memorandum is a unique 12-digit number issued to the enterprises - Micro, Small and Medium, this has been set up and introduced by the Central Government. This whole process can be very easily done online, there are no procedural or fee deductions and one can apply for numerous memorandums with the same aadhar card number. Many organizations have been providing an online portal to provide information about the same. This move by the government will simplify the registration process and ensure that the procedural delays are taken care of and it will also promote the idea of doing business with ease and comfort. The whole process of registration can be done online.

  Conclusion: The Udyog Aadhar registration makes it easier and is an excellent opportunity for any Indian entrepreneur especially the young entrepreneurs. As the system of Udyog Aadhar Register Online has made it possible to register a business with few clicks and at the comfort of being at home with less paperwork and without any registration fee. This makes the growth of Industrialism in rural areas increase along with the increase in knowledge of the people. It will also improve the socio-economic status of India and make people aware of their rights of starting and owning their own business.

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As per the Public Trust Act of all states, registration of Trust is mandatory if it involves charitable purpose or when there is a transfer of immovable property in the name of the trust.

Trust Registration

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Trust Registration In India

A trust is an arrangement in which a person who is the owner or trustor transfers the property to someone else, that is the trustee for the benefit of a third party. This is based on the Indian Trust Act of 1882. Since the Trust registration process can be a little complicated, this article is going to simplify it a little bit. 

A trust is created when the author of the trust indicates that he or she has the intention of creating a trust and what the intent or purpose of creating the trust is, along with this, the beneficiary and the trust property need to be indicated as well.

There are two different types of trust that we must know of before starting the Tust registration process. And these are: 

Public Trust: A public trust is one in which the beneficiaries include the public at large. These are often further divided into a Public Religious Trust and a Public Charitable Trust. 

Private Trust: A private trust is one that includes families and individuals. These can further be subdivided into trusts whose requisite and beneficiary shares can be determined. 

For trust registration process in India, the following steps would need to be followed: 

1. Choose a name: The first and one of the most important steps to starting your trust would be for you to choose a name for your trust. When it comes to choosing the name, there are certain restrictions, although if the name of the trust does not fall under that list of restricted names, it would not be a problem. In case any discrepancies are found, the registrar has the right to reject your application.

2. Determine authors, settlers and trustees: No clearly defined number is necessary when it comes to the number of trustees, settlers and authors of a trust. Usually, most trusts choose to have one author or settler with a minimum of two trustees. There is no limit on the number of trustees there are, and the decision on this rests on the sub-registrar at the registrar’s office. Moreover, one needs to be an Indian national in order to be a trustee. A foreigner or anyone who has not lived in India for a period of six months, cannot apply to be a trustee. There is no minimum education requirement for one to apply.

3. Preparing the MoU: The memorandum of understanding is prepared in this step and all the rules and regulations of the trust are established. This is officially known as the Trust Deed or the Deed of Trust and is the legal proof that a particular trust exists. The clauses within the deed of trust include the name clause, settler and author clause, object clause and beneficiaries, and general body members clause. The trust deed also includes other bylaws pertaining to the trust including income tax and management of the trust.

4.Preparing documents: Before submitting the application, one would need to ensure certain documents are in order. These include the name and address of the settler, name and address of the trustees, number of members in the trust, and the address of the office where the trust is established and the bank account details of the trust.

5. Submit the application: Once all of these documents have been taken care of, the application can be submitted to the registrar. For the submission, a few other documents like self attested copies of Aadhar card, voter ID or driving licence of the settler would be needed. A PAN card, address proof and no objection certificate would also be required.

6.Signature: The author or the settler would need to sign every page of the trust deed. One all the signatures are done, the trust deed is submitted to the registrar.

7.Fees: A basic fee of INR 1100 is needed to apply for trust registration. Out of this, Rs 100 is the cost of registration, while Rs 1000 is the cost of keeping a copy of the trust deed. 

8.Receive the certificate: Once the registrar receives the trust deed, he would keep a copy of it, while returning the original to you. After all the formalities, the registration would be sent to you in seven days. 

9.Those are all the steps you would need to follow to get your trust registration process done in India. For any further information and guidance, the experts at Vakil Search can guide you. 

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Get your shop license with Vakilsearch. We provide shop & establishment registration services online for shops & commercial establishments

To set up any shop, it is mandatory to register for a shop and establishment license. At VakilSearch, we simplify the registration process so that you can establish your shop with no hassles. 

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Looking to raise money for startup funding? We are the best Indian fundraising website that provides online business fundraising Ideas to raise startup capital in India.

Fundraising is a great way to gather startup funding and give the investor an idea of what they are investing in. For more information on business funding and fundraising ideas, turn to VakilSearch.

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Get Import Export Code Registration in India with VakilSearch. Here you know ✔IEC Registration Procedure ✔Benefits ✔Documents Required ✔Exemption etc

A One Person Company is ideal for a person looking for complete ownership of the business, and if he/she is an Indian resident or citizen. https://vakilsearch.com/one-person-company-opc-in-india

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Copyright Registration in India , Copyright Process & Documentation

Protect your intellectual property under copyright registration India. Find out how to get copyright protection on your intellectual property done professionally. Dedicated Lawyer. 140,000 Happy Customers. Complete Online Process. Affordable Price. Easy EMI available.

For more details, log on to - https://vakilsearch.com/copyright-registration

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Business Fundraising Ideas for startups | Vakil Search

Want to start a new business? Need fundraising? Get the best-in-class fundraising service to scale up your Business. Startup Funding. Business Fundraising. Fundraising in India. Visit www.vakilsearch.com

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People believe that they cannot protect their work online from being plagiarised, but this is not true. A copyright would protect your work from being replicated by anyone else, whether it is online o...

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Register One Person Company | Online OPC Registration India‎ | VakilSearch

Register a one person company registration online in India. Get expert help from Vakilsearch, Register OPC company online and obtain all required licenses online at best price. Data Security. 24*7 support. Competitive Cost. Secured Data. Quick Delivery.

Visit- https://vakilsearch.com/one-person-company-opc-in-india

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VakilSearch | Annual Return Companies Lowest Price

Get you company annual compliance like MGT 7, AOC 4 at Rs. 1499 per return. 17+ Years of Experience. Expert Professionals. Payment after Service. Services: GST Registration, GST Returns, Company Incorporation, ITR Filing, Import Export Code (IEC).

https://vakilsearch.com/company-maintenance-package