This document provides an overview of the legal aspects of starting a business in India. It discusses the different stages of starting a company, including company formation, taxation registration, intellectual property protection, and ongoing compliance requirements. It also covers the various business entity options available for registration in India, such as sole proprietorships, partnerships, limited liability partnerships (LLPs), private limited companies, and public limited companies. The benefits of registering a business as a company or LLP are outlined, including limited liability protection, eligibility for loans and funding, and credibility with investors, customers, and the government.
Different types of business entities in indiaShweta Mohandas
Starting a company is serious business.The types of companies that can be formed depend upon the number of people, the sharing of rights and liabilities as well as the distribution of capital and shares.Here is a run through of the most commonly formed business entities in India.
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
Different types of business entities in indiaShweta Mohandas
Starting a company is serious business.The types of companies that can be formed depend upon the number of people, the sharing of rights and liabilities as well as the distribution of capital and shares.Here is a run through of the most commonly formed business entities in India.
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
From the point of choosing the appropriate business structure to the scope and extent of necessary contracts, there are numerous legal issues to address when starting a company. While certain legal issues may even bring a start-up to a grinding halt if neglected, there are many others that are possible to be handled with ease, provided you have the right information to make timely decisions. Given their importance across sectors, the following issues and details will be covered in “Legal For Startups”.
• Legal Aspects for Starting Up:
• Contractual safeguards:
• Employees and workplace regulations:
• Data Protection
A short powerpoint on the advantages and disadvantages of limited company registration.
When setting up a business, many individuals will have the tough choice between company formation, or registering as a sole trader. Here, we look at some of the pros and cons of setting up a company to help you make the decision that is right for you.
We also look at the different routes you can take to register a company, to ensure that you know exactly what you are doing, and which route is right for you.
The short presentation on company formation looks to ensure you get the best possible start when you set up company.
Brought to you by Wisteria Formations.
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
Sources of Finance Functions and Investment Policies of NBFIs in India RBI Gu...Mohammed Jasir PV
Sources of Finance
Functions and Investment Policies of NBFIs in India
RBI Guidelines on NBFCs
Products offered by different NBFCs in India
Features of these Financial Products
Largest Business Service Platform Dedicated in helping People Easily Start and Grow their Businesses. Capital Flow Makes It Easy To Start a Business with Everything from Registering a Private Limited Company to Nidhi Company, Protect a Brand from Trade Mark Filing to Patent Registration and ISO Certification, File Tax Returns from GST Return to ITR Filings. Single Window System for all your Financial Services. To improve the capitalflow of capital in the economy with cutting edge financial solution for firms, improving long term viability of the business environment
From the point of choosing the appropriate business structure to the scope and extent of necessary contracts, there are numerous legal issues to address when starting a company. While certain legal issues may even bring a start-up to a grinding halt if neglected, there are many others that are possible to be handled with ease, provided you have the right information to make timely decisions. Given their importance across sectors, the following issues and details will be covered in “Legal For Startups”.
• Legal Aspects for Starting Up:
• Contractual safeguards:
• Employees and workplace regulations:
• Data Protection
A short powerpoint on the advantages and disadvantages of limited company registration.
When setting up a business, many individuals will have the tough choice between company formation, or registering as a sole trader. Here, we look at some of the pros and cons of setting up a company to help you make the decision that is right for you.
We also look at the different routes you can take to register a company, to ensure that you know exactly what you are doing, and which route is right for you.
The short presentation on company formation looks to ensure you get the best possible start when you set up company.
Brought to you by Wisteria Formations.
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
Sources of Finance Functions and Investment Policies of NBFIs in India RBI Gu...Mohammed Jasir PV
Sources of Finance
Functions and Investment Policies of NBFIs in India
RBI Guidelines on NBFCs
Products offered by different NBFCs in India
Features of these Financial Products
Largest Business Service Platform Dedicated in helping People Easily Start and Grow their Businesses. Capital Flow Makes It Easy To Start a Business with Everything from Registering a Private Limited Company to Nidhi Company, Protect a Brand from Trade Mark Filing to Patent Registration and ISO Certification, File Tax Returns from GST Return to ITR Filings. Single Window System for all your Financial Services. To improve the capitalflow of capital in the economy with cutting edge financial solution for firms, improving long term viability of the business environment
Private Limited Company vs Limited Liability Partnership (LLP) vs One Person ...vakilsearch_tutorial
It should take no longer than 5 minutes to choose between the available legal structures for your business. Your options are the Private Limited Company, Limited Liability Partnership (LLP), One-Person Company (OPC), General Partnership and Sole Proprietorship. But the general approach to this decision is so academic, entrepreneurs end up wasting their time. There’s no need to educate yourself on the minute differences between say, a Private Limited Company and an LLP. This is because, with only a few exceptions, every business will be suited to just one legal structure. So let's find out which one is right for you.
This presentation provides an overview of business set up process in India, how to choose location, form of business like company, LLP, how to form company, tax registration and other approvals
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a One Person Company in India.
Private limited company registration in kochi deepikas58
Private Limited Company Registration can be done through Solubilis in Coimbatore, Chennai, Madurai, Salem, Trichy, Tirupur, Bangalore, Hyderabad and Cochin.
Private limited company registration in kochi -converteddeepikas58
Private Limited Company Registration can be done through Solubilis in Coimbatore, Chennai, Madurai, Salem, Trichy, Tirupur, Bangalore, Hyderabad and Cochin.
for more info:http://hyderabad.privatelimitedcompanyregistration.in/
This presentation provides an overview of business set up process in India, how to choose location, Foreign Direct Investment norms, form of business like company, LLP, how to form company, tax registration and other approvals
Corporate digest magazine august, 2017 by venture careKumar Kanaujia
Corporate Digest is a monthly e-magazine published for India Business owners by www.venture-care.com. It contents latest trends and expert opinions on Business, Strategy, Technology, Digital, Finance and Legal.
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
Introduction to Entrepreneurship, Keith Lawrence MillerKeith Miller
An Entrepreneur is someone who organizes a business venture
This business introduction will provide you with the tools you need for Entrepreneurial Success.
With more than a decade of experience, JJ & E is a leading professional provider offering a one stop solution for corporate service, inclusive of Incorporate / Register Company in Singapore, Company Secretary, Accounting & Tax Filing services, Virtual Office, Registered Address and Corporate Identity & Printing solution.
A step by step guide on how to register a startup company in India. Know the documents required, eligibility criteria, benefits of startup india scheme, registration process & more.
LLP vs PVT. LTD.. vs OPC vs Partnership vs ProprietorshipLegal Raasta
Types of Business Formation, Minimum Requirements for Company Registration, Member's Liability, Name of the Entity.
To know more about LLP vs PVT. LTD.. vs OPC vs Partnership vs Proprietorship, visit https://www.legalraasta.com/
A Guide to Start a Private Limited Company.pdfChoksitax
Since the PVT LTD Company registration is a complex process in Ahmedabad, that’s why Choksitax is Here our team can help you in checking and ensure whether all the documents are in place or not.Our experts can help you by explaining the step-wise registration process, and guiding you in registering your Private Limited Company.Contact us for a hassle-free and smooth registration of your private limited company.
This presentation was created as part of a webinar, which was focused on how online learning can empower people. The presentation attempts to demystify online learning to a wider audience & covers the following:
- The relevance of online learning
- The learning ecosystem
- Choosing the right platform
- Choosing the right course
The logos & images used are properties of the individual platforms/owners unless specified otherwise.
This presentation helps job seekers, professionals, B2B salesperson & marketers to leverage the power of LinkedIn.
This presentation is a part of my series of talks on social media strategies .
This presentation gives insight on how to create a brand with your resume which helps you to stand out from the crowd. This was presented to participants at an internship mela.
Hiring trends for 2015 - Make in India | Smart Cities | StartupsSajid Khetani
This presentation talks about the work trends for the year 2015. Opportunities arising out of the Make in India, Smart Cities & Startup initiatives.
This is a dated presentation which I had delivered to students and recent graduates at a Knowledge meetup early 2015.
The Indian government has embarked on an ambitious plan for the development of the startup ecosystem in India. There are string of incentives which have been announced. This presentation captures the slides of the talk delivered by PM Modi in the Startup India event hosted on the 16th of Jan'16.
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
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Legal aspects of starting up
1. Legal Aspects of
Starting Up
Strategy Consultant | Founder at Le Monturé Consulting
@SajidKhetani | www.lemonture.com
2. WHO AM I?
COMPILED BY @SAJIDKHETANI
Strategy Consultant | Founder @ Le Monturé Consulting
Focused on SMEs & Start-ups
Where have I learnt?
Financial Technology
Equity Research
Financial Advisory
Investment Banking
What do I do?
Business Strategy | Brand Strategy |
Marketing Strategy
Fund Raising | Strategic Financial
Management
Start-up Mentor | Speaker | Educator
3. A BUSINESS STARTS WITH
COMPILED BY @SAJIDKHETANI
Great
Idea
Some
FundsGreat
Team
4. DIFFERENT STAGES OF A BUSINESS
COMPILED BY @SAJIDKHETANI
Start-up
Company
formation
Taxation
registration
(GST, etc.)
Start
NGO/Section 8
Company
Startup
Registration
Manage
Filing of
mandatory
returns with
ROC
Appointment &
resignation of
directors
Closure of
Company
Other
compliance
matters
Protect
Trademark
License or Sell
your Trademark
Copyright
Grow
Applying for
certifications
(ISO, etc.)
Getting
registered
under MSME /
SSI / Start-up
India program
5. WHAT IS A COMPANY?
A business organization that
makes, buys or sells
goods/services in exchange for
money is known as a
Company.
COMPILED BY @SAJIDKHETANI
6. WHAT SHOULD BE IN PLACE?
•A clear structure
•Entity should be properly incorporated
•Limited Liability Partnership or a Private Limited Company is preferred
•Memorandum of Association / Articles of Association in compliance with
the law
•Founders agreement / Shareholders agreement
•No liabilities is preferred.
•Incase of liabilities:
•It is important to record the loan agreements to avoid any potential liability claims in
the future – Individuals & Financial institutions
COMPILED BY @SAJIDKHETANI
7. EXPECTATION OF INVESTORS
•Clear information on Business & Stakeholders
•Clear information on all previous agreements
•Should be compliant with all applicable laws
•All arrangements need to be document
Bottom line – Should maintain complete transparency
COMPILED BY @SAJIDKHETANI
8. COMPANY OPTIONS AVAILABLE FOR
REGISTRATION IN INDIA?
COMPILED BY @SAJIDKHETANI
• Sole owners wanting to run a corporate
business.OPC
• Consulting services & professional firms
LLP
• Start-ups & Growth companies
Pvt. Ltd.
• High investment business
Public Ltd.
• Small traders & shop owners
Sole Proprietorship
• Traditional businesses for temporary
periodPartnership Firm
Legal
Business
Structure
(Organized mode of
business)
Non Legal
Structure
(Unorganized mode of
business)
9. 6 REASONS WHY YOU MUST REGISTER YOUR
COMPANY?
• To be eligible under Startup India Scheme the Startup
must be registered as a Company under the Companies
Act 2013 or LLP.
Eligibility for Startup India Scheme
• Many times startups need to borrow money and take
things on credit. In case of normal Partnerships, Partners
personal savings and property would be at risk incase
business is not able to repay its loans. In a, LLP, OPC or
private limited company, only investment in business is
lost, personal assets of the directors are safe.
Limited Liability Protection to Partner's
personal assets
• LLP or Pvt. Ltd. company enjoys wide options to raise
funds through bank loans, Angel Investors, Venture
Capitalists, in comparison to normal Partnership firm or
proprietorship.
Easy to raise funds and loans
COMPILED BY @SAJIDKHETANI
• Investors love to invest in Private Limited companies as
it is well structured and less strings attached. Most
important it is very easy to exit from a private limited
company.
Preferred Business structure for Investors
• For startups putting together a team and keeping them
for long time is a challenge, due to confidence
attached to private limited structure, it is easy to hire
people as well motivate them with corporate
designations and stock options.
Easy to attract Quality Team
• Private Ltd. is easy to sell, very less documentation and
less cost is involved in selling a Pvt. Ltd. company.
Easy to Sell
10. REGISTERING A COMPANY IN INDIA
Arrange
basic
documents of
Directors
Apply for
DSC (Digital
Signature)
for Directors
Prepare
MOA, AOA
& other legal
documents
Filing of
incorporation
of documents
with ROC
Get your
company
incorporation
certificate
COMPILED BY @SAJIDKHETANI
Company
name
approval
Company
PAN card
Company
TAN/TDS
number
Corporate
bank
account
Get
11. WHY REGISTER LLP?
COMPILED BY @SAJIDKHETANI
• Many times startups need to borrow money
and take things on credit. In case of normal
Partnerships, Partners personal savings and
property would be at risk incase business is not
able to repay its loans. In an LLP, only
investment to start a business is lost, personal
assets of the Partners are safe.
Limited Liability Protection to
Partners personal assets
• Limited Liability Partnership (LLP) is a popular
and well known business structure in the world.
Corporate Customers, Vendors and Govt.
Agencies prefer to deal with LLP instead of
proprietorship or normal partnerships.
Better image and credibility in
Market
• LLP is easy to manage and statutory
audit is not required for Limited Liability
Partnership. LLP is most ideal for small
enterprises. Tax Audit is also not
required for LLPs with capital less than
Rs. 25 lac and turnover not exceeding
Rs. 40 lac.
No Audit Requirement &
Minimal Compliances
• LLP continues to exist beyond the
existence of its Partners. This is not
possible in traditional partnership firms.
Continuity of Business
12. DO I NEED TO REGISTER FOR GST?
Upon Reaching
Turnover of 20
Lac
Inter-State Sales
or Service
provider
E-commerce
operator
Vendors selling
through
Ecommerce
Portals
Non- Residents
& Importers
COMPILED BY @SAJIDKHETANI
13. BENEFITS OF MSME REGISTRATION
Easy Bank Loan up to 1 Crore
without collateral / mortgage
Preference in procuring
Government tenders
1% exemption on interest
rate on Bank Over draft (OD)
Concession in Electricity bills
COMPILED BY @SAJIDKHETANI
Protection against the delay in
payment from Buyers
Tax Rebates
Special 50% discount on Govt.
fees for Trademark & Patent
Fast resolution of disputes
14. FAQS
What documents required to set up a Startup Company in India?
You need to arrange very simple documents of directors like photograph, Pan card
and one address proof.
Do I have to have office (commercial) space to start a Company?
No, commercial office space is not required. You can show your own residential or
rented home address as the registered office address of the Company. This office
address can be changed at any time after incorporation of the company. Once your
startup is set up, stable and ready to move on to a nice corporate space you can
change the registered office address by informing to the ROC office.
Who is Registrar of Companies (ROC)?
ROC is a Government office with whom companies get registered. Every State has
one ROC office except Maharashtra and Tamilnadu where there are two ROC offices.
In Maharashtra companies are registered with Mumbai & Pune ROC. In Tamilnadu
companies are incorporated at Chennai and Coimbatore ROCs. In all other States like
Delhi there is only one ROC office, like at Bangalore, Hyderabad and so on.
Is Startup Incorporation to be renewed every year?
No. Once the company is formed, it will be valid till it is officially closed down by the
owners. No renewal or fees is required. However, every year companies have to file
very basic returns with ROC office.
What is a DIN?
Director Identification Number (DIN) is a unique identification number required for a
person to become a director of a company. DIN is issued by ROC office (Ministry of
Corporate Affairs). It is similar to a PAN Card number. DIN is to be mentioned in
documents while appointing a person as a director of a company.
What is a DSC?
A digital signature is electronic signature, which is in the form of codes. It is used for
signing the electronic forms, filed with ROC for incorporation of Company. Digital
Signature cannot be used in physical documents.
What is Company name search? Why it is important for new company
registration?
Company name is very important part in registration of company. For Incorporation
of company, the suggested name should not match with existing companies or
trademark.
What is MOA & AOA of company?
MOA means Memorandum of Association and AOA means Articles of Association.
These are the byelaws or rules based on which important matters like main business
of the company or meetings is decided. These are standard legal documents
prepared by Company Secretaries during registration of the Startups.
What is capital of the Company?
Capital means investment made by shareholders into the company. Authorised capital
is an amount up to which company can issue shares. This capital is mentioned during
incorporation of the company based on which ROC registration fees and stamp duty
is paid. Paid up capital is an actual investment which goes from shareholders into
company bank account, against which share certificate is issue by the company.
Do we have to deposit Share Capital in a Bank at the time of Incorporation?
No. After company is registered, it need to open a company bank account and then
anytime within two months of incorporation, capital can be deposited into Company
bank account.
COMPILED BY @SAJIDKHETANI