Private Limited Company- Private Limited Company is the most prevalent and popular type of corporate legal entity in India. To register a private limited company, a minimum of two shareholders and two directors are required. 

Foreign Subsidiary- Foreign nationals, foreign entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Public Limited Company- A public limited company is incorporated for large investment requirements so it can be raised from the public. The company must have minimum 3 Directors, 7 Shareholders and Rs 7 as the minimum Paid up Capital. A Public limited company can have any number of members and ease in transfer of shareholding and more transparency. 

LLP Incorporation- Limited Liability Partnership has the benefits of both partnership firm and company into a single form of organization. To register an LLP in India, a minimum of two partners are required. The liability of each partner is limited to the contribution made by partner.

One Person Company- The concept of One Person Company is introduced in the year 2013, an OPC is the best way to start your business with only one promoter or owner with the benefit of having legal Identity as Company with minimum compliance requirement.

Partnership Firm- “Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all in the unorganized sector. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business. 

Sole Proprietorship- A sole proprietorship is a business that is owned and managed by a single person. You could have one up and running within 10 days, which makes it very popular among the unorganised sector, particularly small traders and merchants. There is no such thing as registration; proprietorships are recognised by other registrations, such as a service or sales tax registration.

Section 8 Companies- a person or an association of persons proposed to be registered under this Act as a limited company and proved to the satisfaction of the Central Government that the company –

1. Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
2. Intends to apply its profits, if any, or other income in promoting its objects; and
3. Intends to prohibit the payment of any dividend to its members,

such person or association of person may be allowed to be registered as a limited company without addition to its name of the word “limited” or private limited by the Central government by issuing a license and by prescribing specified condition. The association proposed to be registered under section 8 shall not be proposed to be an unlimited company. However the same may be company limited by guarantee or a Company limited by shares.

Joint Venture Company- A joint venture is normally constituted when two or more entities are interested in association for a particular purpose or joint project. It can be in the form of Joint venture Companies or Joint Venture Partnerships. Both parties agrees in writing and bring their resources, goods, services, and capital especially those resources in which other lacks. 

Types of Joint Ventures which can be constituted in India are Equity Joint Venture and Contractual Joint Venture.

Every company is required to file the annual accounts and annual return in the prescribed forms and documents with the Ministry of Corporate Affairs. The forms as prescribed are mentioned below:

 

Private Limited Company	AOC-4/CFS/XBRL	MGT-7/7A
Public Limited Company	AOC-4/CFS/XBRL	MGT-7
One person Company	AOC-4	MGT-7A
Limited Liability Partnership	Form-8	Form-11

In these compliances certain events occurs or some new reforms introduced by the Ministry, for which certain forms are to be filed within the stipulated time period. Some events which requires fillings are mentioned below

1. Change in Directors.
2. Change in Address.
3. Active Compliances.
4. MSME Returns.
5. DPT Returns.
6. SBO Returns.
7. Right Issue.
8. Change in Objectives/Activities.
9. Change in Name.
10. Private Placement of Shares/Debentures.
11. Alteration of MOA and AOA.
12. Corporate Social Responsibility Compliances.
13. POSH Compliances.

It is mandatory for businesses whose turnover exceeds Rs. 40 lakhs* (Rs 20 lakhs for NE states) to register as a normal taxable person under the Goods and Service Tax Act, 2017, Further separate registration is required in each state.
We at Corporate Advisors will assist you to get or in complying with the following mentioned services with respect to GST -

• GST Registration in any state or in multiple states
• Returns Filling (Monthly, Quarterly, Annual)
• E-Way Bill generation
• LUT for GST

Filing of Income Tax Returns is a legal obligation of every person who total income for the previous year exceeds the exemption limit provided under the Income Tax Act, 1961. The Income Tax Department has introduced on line facility in addition to conventional method to file return of income.
The process of electronically filing of Income Tax return through the mode of internet access is called e-filing of return. It is mandatory to file the income tax returns online for all the registered taxpayers, However, paper returns can be filed by those who are above 80 years of age and do not have any income from regular business or profession. The only obligation for the user of this facility is to have a PAN number. There are different forms from ITR- I to ITR-7 for e-filing of returns.

As the complexities of businesses increase, the amount of time spent by professionals in cracking up the law codes increases. However, tax and regulatory systems of even the most developed countries cannot keep pace with the developments across each industry as businesses emerge day by day. These also bring out the requirements for new compliances and the challenges of meeting them every single day. More detailed Income Tax Return forms including disclosures on tax residency certificates and details of foreign assets, and higher penalties for non- disclosures require businesses to gear up for efficient tax compliance.

1. Advising on withholding tax obligations on payments
2. Obtaining no-objection certificates
3. Assisting in filing various tax returns and making adequate disclosures.
4. Tax diagnostic reviews
5. Enhancing ERP systems to meet tax management requirements
6. Tax implications on payments (local or overseas) to a host of parties
7. Reporting of multilayered tax issues

A trademark is a word, phrase, symbol, or design that distinguishes the source of products (trademarks) or services (service marks) of one business from its competitors. Trademark provides better protection of mark for goods and services and also to prevent fraudulent use of the mark.
Registered trademark indicates connection in the course of trade and denotes the ownership of moveable property belonging to particular person. Trademark can be a painting, sculpture, drawing, an engraving or photograph or any work of architecture or any other work of artistic craftsmanship.
After registration of trademark one can save or distinct his/her brand or logo or tag line by prohibiting other people from using the similar or identical names. Trademark can be assigned and will also act as the tangible asset of the Business.

A Digital Signature also known as DSC establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company and are also required for filing income tax returns, import export clearance, GST Returns and e-tenders.
Digital Signature Certificate are stored on a secured e-Token and should be of Class III.

FSSAI is an abbreviation used for Food Safety and Standards Authority of India and is mandatory before starting any food business. All the manufacturers, traders, restaurants who are involved in food business must obtain a 14-digit registration or a license number which must be printed on food packages.
The registration and licensing of food business in India is governed by the Food safety and Standards (Licensing and Registration of Food businesses) Regulation, 2011. As per the regulation, all food business operator in India must have a FSSAI registration or license if they are involved in the manufacturing, storage, transportation or distribution of food products. Based on the size a nature of business, FSSAI registration or FSSAI license may be required.

IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad.

Professional tax is a tax that a state government levies on any individual who earns income through any medium. Unlike the name suggests, professional tax is not just for professionals but for all individuals. The list includes all kinds of individuals from all business, professions, trades callings and employments and trades.

An agreement is formed when two parties make a promise and decide to get into a contract. A Vendor Agreement is made by a business owner who hires a person for performing specific service or goods as per the requirement. There are various types of vendors agreement such sales, lease, marketing, software, technology, etc. as per the requirement. It becomes enforceable after signing of both the parties.

A legal document shall have certain ingredients in the drafting of the content -
1. Simplicity.
2. Clarity.
3. Futuristic.
4. Options.
5. Definitions.
6. Straight and small sentences.

The process of striking off is an alternative mechanism to the winding up of a company. On incorporation, the name of the company and LLP is entered in the Register maintained by the Registrar. On striking off, the name of the company/LLP is temporarily removed from the said Register. The name of the company can be restored in the Register on making an application.
A company which is undergoing the process of ‘Striking Off’ either voluntarily or by an action of the ROC is given the status as ‘Striking Off’ and the status of the company is changed to ‘Dissolved’ or ‘Liquidated’ when affairs of the company are completely wound-up by following the provision of winding-up of company. After dissolution or liquidation, the company ceases to exist.

• Increase in Authorized Share Capital
• Copyright/Design/Patent Application
• MSME Registration
• RBI Compliances
• Closing LLP/Private Limited Company
• Change in Company Name
• Allotment of Shares
• Trademark Objection
• Maintenance of Minutes/Statutory registers DIN allotment
• Name Registration for your Business
• Bank Account Opening
• TDS/TCS Return Filing
• PAN/TAN Application and many more