REGISTRATION SERVICES

REGISTRATION SERVICES

It is important for businesses and organizations to carefully consider their registration requirements and seek the assistance of a qualified professional, such as a lawyer or registration agent, to ensure that all necessary registrations are completed accurately and on time.

In India, there are various types of registration services available for businesses and organizations. Some of the most common types of registration services in India include as below.


Services

Private Company Registration

Businesses can register as a company with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. This involves obtaining a Director Identification Number (DIN) and a Digital Signature Certificate (DSC) for the directors, choosing a unique name, and submitting various documents to the MCA.

GST Registration

Goods and Services Tax (GST) registration is required for businesses that have an annual turnover of more than Rs. 20 lakhs (Rs. 10 lakhs for businesses in northeastern states of India). This registration is done with the GST portal and requires the submission of various documents, such as PAN, Aadhaar card, bank account details, and proof of business address.

FSSAI Registration

Food businesses must register with the Food Safety and Standards Authority of India (FSSAI) under the Food Safety and Standards Act, 2006. This involves submitting various documents, such as a completed application form, a declaration of food safety management systems, and proof of identity and address.

Import Export Code Registration

Import Export or (IE) Code is a registration required for persons undertaking import or export transactions of goods and services for availing benefits under schemes like SEIS or MEIS. Without the IE Code, one cannot import or export.

MSME Registration

MSME stands for Micro, Small and Medium Enterprise. MSME or SSI enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. MSME registration or SSI registration helps businesses avail multiple government subsidies and benefits MSMED act.

Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration or SSI registration under the MSMED Act. Although getting MSME registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.

Provident Fund Registration

Employees Provident Fund implemented by the Employees Provident Fund Organization (EPFO), being one of the main medium for savings for working class people whether in Government, Private or Public sector organizations.

Firms or Companies having employee capacity of not less than 20 are required to be registered with the Provident Fund Department. The strength of 20 also includes contract-based employees like security, housekeeping or other contractual workers required for the business entity. Companies not having the mentioned capacity of employees but are willing to register to owe to the benefits of Provident Fund for their employees can register voluntarily with the Regional Provident Fund Office. Registration has to be done within thirty days from the date of hiring 20 employees. Delay might result in a penalty.

One Person Company Registration

One person company (OPC) is a new business structure that permits a single entrepreneur to manage a business entity with limited liability.

This concept was introduced to motivate entrepreneurs who are capable of starting a venture on their own by permitting them to create a single person economic entity. It allows a single promoter full control over the company while limiting his liability to contributions to the business. This single promoter will be the only director and shareholder in the company, though there is another director (a nominee director nominated in the MOA and AOA of the company) with no power until the original director becomes incapable of entering into a contract.

There is no equity fundraising or offering employee stock options in an OPC. It is mandatory for a One Person Company to be converted into a Private Limited Company or Public Limited Company within six months if it has a paid-up capital of over Rs. 50 lakh or crosses an average three-year turnover of over Rs. 2 crore, It must thus, file audited financial statements with the MCA like all Companies. Hence, it is significant to carefully consider the features of a OPC prior to incorporation.

Partnership Registration

A Partnership Firm is a business structure where two or more persons or an association of people own, manage & operate a business in accordance with the terms and objectives stated in the Partnership Deed. It is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because in partnership, the partners are liable for the debts of the business due to unlimited liability. However, being inexpensive, the ease of setting up and fewer compliance formalities make it a practical option for some.

LLP Registration

Limited Liability Partnership (LLP) introduced in 2008 is a prominent legal business structure in India having fewer legal compliances, as the name suggests LLP limits the liability of its partners & lends protection from the incompetence or misdeeds of the other partners. LLP registration is one of the simplest forms of business to incorporate and manage in India.

Shop & Establishment Act registration

The Shop and Establishments Act sets certain rules and regulations for working hours per day and week, rest intervals, opening and closing office hours, closed days, religious national holidays, overtime work, rules for employment of children, rules for annual leave, maternity leave, sickness and casual leave, rules for employment and termination of service, maintenance of registers and records and display of notices and obligations for employers as well as employees.

Registration is required even by sole proprietors working out of their homes. If one is trying to raise investment or trying to get a loan for the business the establishments needs to be registered.

Even if one is managing and operating an office from home, the concerned person can apply for this registration.

Trademark & Patent Registration

Trademark registration: Businesses can register their trademarks with the Trademark Registry under the Trade Marks Act, 1999. This involves conducting a trademark search to ensure that the chosen mark is available, filing an application with the Trademark Registry, and attending to any objections or oppositions that may arise during the registration process.
Patent registration: Businesses can register their inventions or discoveries with the Indian Patent Office under the Patents Act, 1970. This involves filing a patent application with the Indian Patent Office, which will conduct an examination of the application and grant a patent if the invention meets the necessary criteria.

Issuing Digital Signature

Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of physical certificates are drivers' licenses, passports or membership cards. Certificates serve as a proof of identity of an individual for a certain purpose; for example, a driver's license identifies someone who can legally drive in a particular country. Likewise, a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.

DSC of Class 3 category issued by a licensed Certifying Authority (CA) needs to be obtained for efiling on the eTendering Portal. Class 3 DSC is the highest level where the person needs to present himself or herself in front of a Registration Authority (RA) and prove his/ her identity.