Finding the right business structure is a vital key for any business to create an impact in their industry. So, there is a need for you to find out the different strategies, rules and regulations, official procedures, document and other requirements and other processes to make the right decision. Greenvissage is the industry leading services provider relating to company registration in India. Know all the essential requirements regarding the company registration details which are explained below for your reference.
Looking for a best solution regarding how to register a company in India? Greenvissage offers you the complete solution in registering a company in Pune, India along with all the key requirements that you are looking for.
To register a company in India, you need to know the procedures & details before finalizing your decision. With expert professionals, we guide you throughout the company registration process to have a hassle-free experience.
Specialized in Private Limited Company registration, LLP registration, Trademark registration and others, Greenvissage helps you with entire range of company registration & set up services in Pune. We help you to start your business and make your journey into a great success.
Permanent Account Number (PAN) is a unique ten digit alpha numeric identification that’s issued to each taxpayer – Business, Individuals, Trusts, HUFs, Foreign Citizens and more. PAN card or number is issued by the Income Tax Department. PAN card is extremely important form of identity and is mandatory for Indian Citizens starting a company or LLP. While applying for DIN, you are required to provide your permanent account number (PAN) details and to be verified in the process of your business registration. PAN is mainly used by the Income Tax Department to keep a check on financial transactions that could carry a taxable component. PAN is now required for many mundane transactions like remitting high value cash deposits, obtaining a loan, purchasing a property and more. If you are looking for guidance regarding the requirement of PAN to register a company in Pune or around India, you can consult with our senior advisor to come up with necessary actions
TAN stands for Tax Deduction and Collection Account Number. It is a ten digit alphanumeric number thats allotted to those who are supposed to deduct tax at source or TDS. TAN number or TAN registration is very important for businesses deducting tax at source and is required to be quoted in TDS or TCS return. Failure to apply TAN when required can attract a penalty. Once TAN is obtained, TDS returns must be filed quarterly by the business.
One of the primary requirements for setting up businesses in India is the Shop and Establishment Act, enacted by every state in India. Shop act is preliminary to regulate payment of wages, hours of work, leave, holidays, terms of service and other work conditions of people employed in shop and commercial establishments.
The Shop and Establishment Act in India is managed by the state and may also differ from state to state. It is important to note that all shops and commercial establishments operating within each state are covered by the respective Shop & Establishments Act.
Shops are defined as premises where goods are sold either by retail or wholesale or where services are rendered to customers, and includes an office, a store-room, godown, warehouse or workhouse or work place.
Establishments are defined as shop, a commercial establishment, residential hotel, restaurant, eating-house, theatre or other places of public amusement or entertainment.
Further, establishments as defined by the act may also include such other establishments as defined by the Government by notification in the Official Gazette. However, factories are not covered by the shops & establishments act and are regulated by the Factories Act, 1948.
Greenvissage assist in understanding the applicability of the shops and establishment law and also assist in filing the necessary application to obtain the shop act license. Typically shop act license is issued for a period and needs to be renewed accordingly.
If you are looking for company registration details, then you should also know about the key areas which are regulated by the shop and establishment act which includes:
The shop and establishment act may differ from each state. Greenvissage provides you with all the details regarding how to register a company in Pune with all the aspects of shop act mentioned above.
Import Export (IE) Code is a registration required for importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence. An IE Code is issued for the lifetime of the entity and requires no renewal. So once a IE Code is obtained, it can be used by that entity for all its import or export transactions.
IE Code application is required to be made to the Directorate General of Foreign Trade along with the necessary supporting documents online. The IE code must be quoted by the importers in the means of while clearing customs. In addition to that, the importers IE code is required by the banks while transferring money abroad. Typically PAN, Cancelled cheque, applicant photo is required for submitting an IEC application.
IE Code does not require any the filing of recurring returns. Greenvissage helps you with the registration of Import and Export code in Pune and other major cities in India with the process of your company registration.
The key factors to register for the IE code are:
Software Technology Park of India – STPI is a society established in 1991 by the Indian Ministry of Electronics and Information Technology with the objective of encouraging, promoting and boosting the export of software from India.
There are typically two types of units under STPI – STPI and Non-STPI. STPI is a unit which is registered as software export unit and the premises of which is also bonded with Customs department. Non-STPI unit are only registered with STPI authority which enables the unit to submit the SOFTEX, Quarterly Performance report and Annual Performance report.
Therefore it is mandate for each unit which is engaged in export of software to obtain at least registration as Non-STPI unit and submit the necessary SOFTEX, Annual Performance Report and Quarterly Performance Report with STPI. With highly experienced professionals, Greenvissage helps you with the registration of STPI process while setting up your company registration in India.
A trademark is a symbol, which could be in the form of
These unique symbols are used for the purpose of distinguishing goods or services from other similar goods or services. A registered trademark is an intangible asset or intellectual property for a business and is used to protect the company’s investment in the brand or symbol. A trademark can be registered only if it is distinctive from other registered trademarks. Proposed trademarks that are similar or identical to an existing registered trademark cannot be registered. Also, trademarks are cannot be registered if it is offensive, generic, deceptive, not distinctive, contains specially protected emblems, etc.,
Trademarks in India are registered by the Controller General of Patents Designs and Trademarks, Ministry of Commerce and Industry, Government of India. A registered trademark owner gets a right to sue for damages when infringements of trademarks occur. Once a trademark is registered, ‘(R)’ symbol can be used and the registration will be valid for 10 years. Registered trademarks nearing expiry can be renewed by filing a trademark renewal application for a period of another 10 years.
Greenvissage can help in understanding whether the trademark is available for registration and then assist in making the necessary filing. Apart from trademark filing Greenvissage also assist in services related to submission of trademark objection reply, trademark opposition, and trademark renewal. So, you can rely on us for all type of services which are related to trademark and we will assist you in each and every aspect to create an ideal strategy for your business.
Copyright is similar to trademark, which gives is a legal protection to creators of literary, dramatic, musical and artistic works and producers of cinematograph films and sound recordings. Copyright give the owner of the work certain safeguard to ensure the intellectual work is protected and creativity is rewarded. Copyright includes a bundle of right like the rights of reproduction, communication to the public, adaptation and translation of the work.
Typically any industry who’s operation or process includes discharge sewerage or trade effluent into the environment or likely to emit any air pollution into the atmosphere will have to obtain consent of the State Pollution Control Board under the provisions of Water (P & CP) Act, 1974 and Air (P & CP) Act, 1981.
Similarly any industry / process generating, storing, transporting, disposing or handling hazardous waste as defined in schedule 1 and 2 of Hazardous waste (Handing and Management) Rules, 1989, as amended in 2000 are required to obtain authorization from MPC Board under the said rules.
Types of consent:
Greenvissage can help in understanding whether the registration under pollution control is required along with the necessary process and approach to obtain the same. Apart from filing necessary applications Greenvissage also assist in liaisoning with department and submission of necessary returns.
Every factory in India has to abide by Factories Act 1948. According to the law the first action required is to initiate the registration of the establishment under factories act. This helps in facilitating the risk management at workplace and the total implementation of Safety and Health Management Systems in factory premises.
There are various documents that are required in order to obtain the registration. But most importantly are:
Greenvissage can not only assist in understanding the detailed procedure and applicability of factory license. But we can also assist in filing of the application for obtaining factory license which includes necessary Liaising with the department. So,with respect to all the aspects regarding how to register a company in Pune, we deliver you the ideal solutions for all the requirements that you are looking for.
Udyog Aadhar is a registration which can be obtained by micro, small, medium sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED).
Previous Udyog Aadhar was referred as MSME registration. In order to ease the process Udyog Aadhar registration and made completely online by the Government and MSME registration has been merged with the same.
Udyog Aadhaar is being obtained for the following purpose:
Eligibility:
| Classification | Manufacturing Sector | Service Sector |
| Micro Enterprise | Upto Rs. 25 lakhs investment in plant & machinery | Upto Rs. 10 lakhs investment in equipment |
| Small Enterprise | Upto Rs.5 crore investment in plant & machinery | Upto Rs.2 crores investment in equipment |
| Medium Enterprise | Upto Rs.10 crore investment in plant & machinery | Upto Rs.5 crores investment in equipment |
Any service business having an investment in equipment of more than Rs. 5 crores or a manufacturing business having an investment in plant & machinery of more than Rs. 10 crores would not be eligible for obtaining Udyog Aadhar registration.
Safety is a one of the important aspect while setting up a commercial establishment. Considering this there are various commercial organisation which are required to obtain Fire License or No objection certificate. As per the provisions under the Maharashtra Fire Prevention and Life Safety Measures Act, 2006, it is compulsory to possess a Fire License or No-Objection Certificate to obtain a building plan approval from the Authority. Fire Services Department issues fire license to verify the conformity of requirements of fire safety measures of premises.
Why it is required to obtain Fire NOC:
The person is required to obtain a fire NOC or fire license under the following conditions:
In Maharashtra, Fire License or No Objection Certificate is valid for one year of the date of issue. Hence, it has to be renewed every year.
GST is an indirect tax which has replaced many indirect taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
GST is one indirect tax for the entire country.
Advantages of GST
GAT has its own effect and impacted with different advantages and in main it removed the cascading effect on the sale of goods and services. With this, here mentioned some of the main advantages of GST
Who is Liable to get Registered under GST?
GST registration is mandatory for-
[Note: If your turnover is supply of only exempted goods/services which are exempt under GST, this clause does not apply.]
Who is a Casual Taxable Person under GST?
A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business. Such a person will be treated as a casual taxable person as per GST.
Who is an Input Service Distributor?
‘Input Service Distributor’ means an office of the supplier of goods/services which receives tax invoices on receipt of common input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN. (It must be a supplier of taxable goods /services having the same PAN as that of the office referred to above).
Thus, only credit on ‘input services’ can be distributed and not on input goods or capital goods.
Other aspects of GST Registration
Special registration for casual taxable person and non-resident taxable person (section 24)
Conditions and procedures for registration under GST
Documents required for GST registration
What is the time limit to apply for registration?
A person or an employer becoming liable to pay tax shall apply within 30 days for professional tax.
Who should register for profession tax?
Every self-employed professional and any entity employing one or more employees should register for profession tax.
Is professional tax imposed in every state in India?
There are some of the states which are imposed with the profession tax in India and they are: Karnataka, Bihar, West Bengal, Madhya Pradesh, Andhra Pradesh, Maharashtra, Tamilnadu, Kerala, Gujarat, Assam, Meghalaya, Odisha, Telangana,Tripura, and Sikkim.
Benefits of Choosing Company Registration Services with Greenvissage
The above statements explain you in detail regarding how to start a company in India. Here are the reasons, why clients rely on us for the company registration services
What is Profession tax and who levies it?
Profession tax is a tax on all kinds of professions, trades, and employments and levied based on the income of such profession, trade and employment. It is levied on employees, person carrying on business including freelancers, professionals etc subject to income exceeding the monetary threshold if any. Profession tax is applicable only in some states of India and is levied by the state government.
It may be noted that profession tax is a deductible amount for the purpose of Income-tax Act 1961 and can be deducted from taxable income.
Who is responsible to collect and pay profession tax?
Profession tax is collected by the commercial tax department of the state. The commercial tax department of the respective states collects it which ultimately reaches the fund of municipal corporation.
Person responsible to pay profession tax
In case of employees, an employer is the person responsible to deduct and pay profession tax to the state government subject to monetary threshold if any provided by respective state’s legislation. Additionally, employer (corporates, partnership firms, sole proprietorship etc) also being a person carrying on trade/profession is also required to pay profession tax on his trade/profession again subject to monetary threshold if any provided by respective state’s legislation. In such a case, employer needs to register and obtain profession tax registration certificate to be able to pay profession tax on it’s trade/profession and obtain professional tax enrolment certificate to be able to deduct the tax from it’s employees and pay. Further, separate registration may be required for each office depending on respective state’s legislation.
Persons who are carrying on freelancing business without any employees are also required to register themselves subject to monetary threshold if any provided by respective state’s legislation.
The documents that will be needed for profession tax registration:
We identify your standard recurring expenses and forecast and budget for it in your expense projection.
While making relevant provisions for it on an annual / monthly basis, we also help you design and frame policies that seek to improve efficiencies within your business unit.
We set in motion a proactive follow-and-update process on accruing regulatory changes that saves you the ordeal of chasing us.
Our deep insight enables us to visualise issues or challenges and give you sufficient buffer time to act on it.
Along with our accounting services we also closely co-ordinate with several agencies such as bankers, auditors, insurers, lawyers, directors etc.
Amount paid for use of software is not ‘Royalty’.April 11, 2021 - 4:44 am
Your right to privacy is their highest selling productApril 7, 2021 - 6:52 pm
Accountability – How Governments make and break pinky promises, while you pay interest and penalties!March 6, 2021 - 11:39 am
Hindu Undivided Family – A uniquely Indian concept and tax savingsMarch 6, 2021 - 11:29 am