#5 Understand the Permits, Registrations & Compliance for your business

#5 Understand the Permits, Registrations & Compliance for your business: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

In any business legal and statutory clarity is of utmost importance but unfortunately most early stage entrepreneurs do not have the clarity or do not do enough homework in order to make sure that they understand the legal aspects well, because of which at the end of the day the business bears the brunt. and most entrepreneurs realize it too late in the day regarding the various legal pitfalls and at that point of time Often steps are taken too late in the day by which time the legal aspects have already become very complicated so for any business before you start is going to be very important to ask ourselves three fundamental questions

1. What kind of Registrations need to be made?
2. What kind of permits need to be obtained?
3. What kind of compliances need to be followed?

#6 Understanding your Intellectual Property Obligations

#6 Understanding your Intellectual Property Obligations: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



#Trademark | #Copyright | #Patent | #Design

As a business owner, if you have a unique idea i.e. likely going to be translated into a product or service or an algorithm, it is very important to think about the intellectual property right for this particular thing right from the beginning. Because intellectual property right (IPR) is something that gets less attention and is neglected which leads to big problems in the business in the future so it is going to be very important for us to understand the critical aspects of the intellectual property rights from some of our subject matter experts.
In the process of starting your business, if you’re going to be creating anything, whether it’s creating anything which is in literary or something in writing or it’s an artistic work or it’s music or even your brand or even designs, all of these things are intellectual property and capable of protection and more importantly monetization for you going forward.

#4 Choosing the Right Legal Structure for your Startup

How to Choose the Best Legal Structure for Your #Startup #startupmasterclass
#4 Choosing the Right Legal Structure for your Startup: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

#3 Analysing Environment and Competitive Advantage

#3 Analysing Environment and Competitive Advantage: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.Market 

 #businessdevelopment #marketing #marketingstrategy #stratup #startupmasterclass #startupventures

#2 Identifying Target Segment & Market Sizing

#2 Identifying Target Segment & Market Sizing: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



Understanding the target segment is important for succeeding. One of the key things #entrepreneurs should keep in mind, as they start up, is to stay focused. It is best to choose a smaller segment of customers within the overall #market and serve that one segment really well. Before you start your startup, defining the one customer that your #Startup is going to serve is very important. Your understanding of that one customer will help you plan your product and #marketing correctly. #StartUpIdea

#1 Identifying and Assessing the Idea

#1 Identifying and Assessing the Idea: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.


Mapping Need-Gap to #Idea;

The primary challenge for an #entrepreneur is often ensuring that he/she has a viable #businessidea, which is largely dependent on the ability to identify a gap in the market that presents itself as an opportunity. How to get a #startupidea The first step for an entrepreneur. #startup

Startup Master Class

Startup Master Class



Launching #idea management initiative entails a change of organizational culture in the direction of #innovation. It provides opportunities to employees, especially those at the operational level, to share their ideas relating to daily operations. As a result, idea management gives the organization the possibility of implementation of the best ideas through #business processes, products and services and the possibility of turning ideas into innovation. #startup #startupmasterclass

Trademark Registration

Register your trademark and Protect your brand identity.

If you're on Entrepreneur, odds are you already have the drive, but, you might not know how to start building your empire.

Trademark Registration

How to Write Meeting Minutes Under Section 118 of companies Act 2013

How to Write Meeting Minutes Under Section 118 of companies Act 2013: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

Minutes Under Section 118 of companies Act 2013

Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence the proceedings recorded therein. Minutes help in understanding the deliberations and decisions taken at the Meeting.

Minutes- Section- 118 of Companies Act 2013

Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence the proceedings recorded therein. Minutes help in understanding the deliberations and decisions taken at the Meeting.

Common mandatory compliances for Private Limited Company

Common mandatory compliances for Private Limited Company: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

List of Annual Compliance for Private Limited Company

1. Appointment of Auditor ( within 15 days of Incorporation)
2. Annual ROC filing – Last Date ( 30th September 2018 )
a) Annual returns
b) Financial statements – Last Date (30th December 2018)
3.  Annual general meeting (AGM)
4. Board Meetings
5. Reports of directors
6. Income tax – Last Date ( 30th September 2018)
7. Maintenance of records
8. Other compliances

All About GSTR 9 -ANNUAL RETURN FILING

All About GSTR 9 -ANNUAL RETURN FILING: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

What is the due date of GSTR-9?

GSTR-9 due date is on or before 31st December of the subsequent financial year. Thus for the financial year 2017-18, filing GSTR-9 will happen on or before the 31st of December, 2018.

Easy Steps to Check Company Registration Status on MCA

Easy Steps to Check Company Registration Status on MCA: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

Ministry of Corporate Affairs (MCA) is a government portal containing details of all the companies incorporated in India.

Stakeholders are requested to ensure that the proposed name selected does not contain any word as prohibited in Section 4(2) & (3) of the Companies Act, 2013 read with Rule 8 of the Companies (Incorporation) Rules, 2014.

Stakeholders are also requested to read and understand Rule 8 of the Companies (Incorporation) Rules, 2014 in respect of any proposed name before applying for the same.

Step 1: Go to the MCA website. www.mca.gov.in [Check Private Limited Company Name – Private Limited Company search]

How to apply Loan under Startup India

How to apply Loan under Startup India: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

Stand Up India Scheme

Stand-Up India Scheme Facilitates bank loans between Rs 10 Lakhs and 1 Crore, to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. The loans are granted to at least one woman borrower per bank branch. The scheme aims at promoting woman entrepreneurship among the scheduled castes and scheduled tribes.

Stand Up India is a special government scheme which aims to financially empower SC/ST and women entrepreneurs of the country. It also aims to get rid of License Raj and set up Greenfield enterprises. An amount ranging from Rs 10 Lakhs to Rs 1 Crore can be borrowed to start a manufacturing, trading or service unit. The loan tenure is 7 years. These loans are to be granted to at least one SC or ST and at least one woman borrower per bank branch.

Features Of the Scheme, The following features make the scheme a stand-out factor:

New-entrants are granted a tax-holiday for three years.
The government has provided a fund of Rs.2500 crore for startups, as well as a credit guarantee fund of Rs.500 crore rupees.

Eligibility For Startup Registration

• The company to be formed must be a private limited company or a limited liability partnership.
• It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores.
• The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).
• To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
• The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
• It must have a recommendation letter by an incubation.
• Capital gain is exempted from income tax under the startup India campaign.
• The firm must provide innovative schemes or products.
• Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network must be registered with SEBI ( Securities and Exchange Board of India).

Register Your Company

As have been observed, registration on startup portal can be done only through for the following firms:

• Partnership Firm
• Limited Liability Partnership Firm
• Private Limited Company

Partnership Firm: Partnership firm is registered under the Partnership Firm Act. To start a partnership firm, the concerned parties have to draft a partnership deed where the terms and conditions of the partnership firm will be mentioned. This partnership deed must be registered with the registrar of firms. We can help you with the formation of a partnership firm. For more details, click here.

Limited Liability Partnership Firm: A Limited liability partnership firm is registered under the LLP Act. Both partnership firm and LLP are very similar, but LLP has more in common with a private limited company like limited liability protection, transferability, etc. For more details on LLP registration, click here.

Private Limited Company: The private limited company is the most popular type of legal entity in India. Know more about company registration here.

How to apply Loan under Startup India

How to apply Loan under Startup India: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

Stand Up India Scheme

Stand-Up India Scheme Facilitates bank loans between Rs 10 Lakhs and 1 Crore, to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. The loans are granted to at least one woman borrower per bank branch. The scheme aims at promoting woman entrepreneurship among the scheduled castes and scheduled tribes.

Stand Up India is a special government scheme which aims to financially empower SC/ST and women entrepreneurs of the country. It also aims to get rid of License Raj and set up Greenfield enterprises. An amount ranging from Rs 10 Lakhs to Rs 1 Crore can be borrowed to start a manufacturing, trading or service unit. The loan tenure is 7 years. These loans are to be granted to at least one SC or ST and at least one woman borrower per bank branch.

Features Of the Scheme, The following features make the scheme a stand-out factor:

New-entrants are granted a tax-holiday for three years.
The government has provided a fund of Rs.2500 crore for startups, as well as a credit guarantee fund of Rs.500 crore rupees.

Eligibility For Startup Registration

• The company to be formed must be a private limited company or a limited liability partnership.
• It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores.
• The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).
• To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
• The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
• It must have a recommendation letter by an incubation.
• Capital gain is exempted from income tax under the startup India campaign.
• The firm must provide innovative schemes or products.
• Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network must be registered with SEBI ( Securities and Exchange Board of India).

Register Your Company

As have been observed, registration on startup portal can be done only through for the following firms:

• Partnership Firm
• Limited Liability Partnership Firm
• Private Limited Company

Partnership Firm: Partnership firm is registered under the Partnership Firm Act. To start a partnership firm, the concerned parties have to draft a partnership deed where the terms and conditions of the partnership firm will be mentioned. This partnership deed must be registered with the registrar of firms. We can help you with the formation of a partnership firm. For more details, click here.

Limited Liability Partnership Firm: A Limited liability partnership firm is registered under the LLP Act. Both partnership firm and LLP are very similar, but LLP has more in common with a private limited company like limited liability protection, transferability, etc. For more details on LLP registration, click here.

Private Limited Company: The private limited company is the most popular type of legal entity in India. Know more about company registration here.

Homologation Certification Service from ICAT & ARAI

Homologation Certification Service from ICAT & ARAI: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.



SPLAN provides you a full range of support and service for establishing automobile industries including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor. SPLAN also offers comprehensive certification and homologation services for the entire range of automotive vehicles as well as systems and components. SPLAN is an expert agency for testing and certifying following types of vehicles and engines used for both automotive and non-automotive applications. SPLAN already did a lot of certification & licenses for various automobile industris including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor.

STATUTORY AUDIT SERVICES

How we do? Statutory Audit Execution General Process:

Our firm is well equipped and well experienced in Statutory Audit and we perform it as per the Audit Program designed for the company after assessment of their Internal Control.

STATUTORY AUDIT SERVICES: Are you? Planning, Starting, Growing Company, Get your business start and manage all year round with decade of experience.

COMPONENTS OF STARTUP INDIA

Simplification & Handholding

• Compliance regime based on self-certification: The idea is to reduce the regulatory burden on startups, so that they can focus on their core business and keep the cost of compliance low. The regulatory regimes will thus be made simpler and flexible; inspections more meaningful and simple.
• Startup India Hub: Creation of a single point of contact for the entire startup ecosystem to enable the exchange of knowledge and access of funding. The Government will be the main stakeholder and will collaborate with Central and State Governments, Indian and foreign VC's, angel networks, banks, incubators, legal partners, consultants, universities and R&D institutions.
• Rolling Out of Mobile App and Portal: It will act as an interacting platform for startups with the Government and regulatory institutions. This will be made available from 1st April, 2016 on all leading mobile/ smart device platforms.
• Legal Support and Fast: Tracking Patent Examination at Lower Costs- To promote and create awareness in startups about IPRs and ensure continuous growth and development of new startups, this scheme will make the task of filing patents easier.
• Relaxed norms of Public Procurement for Startups: The aim is to provide equal opportunity to Startups as compared to experienced companies. The Government will exempt startups from the criteria of 'Prior experience/ Turnover' in case of tenders floated by Government or by PSU's, without relaxation in the quality parameters.
• Faster Exit for Startups: The Action Plan will make it easier for Startups to wind up operations in case they fail to succeed. An insolvency professional will be provided to the Startups, who will be in-charge of the company for liquidating the assets and paying the creditors in six months time. This process will accept the concept of limited liability.

Funding support & Incentives

• Provide funding support to startups: The Government will set up an initial fund of Rs.2,500 crore per year and a total of Rs.10,000 crore over a period of 4 years
• Credit Guarantee for Startups: To encourage Banks and other Lenders to provide Venture Debts to startups, Credit guarantee mechanism through National Credit Guarantee Trust Company (NCGTC)/ SIDBI is being considered with a budget of Rs.500 crore per year for the next four years.
• Tax Exemptions on Capital Gains: To promote investments into Startups, the Government will give tax exemption to those who have capital gains during the year and have invested such capital gains in the Fund of Funds recognized by the Government.
• Tax Exemption to Startups for Three Years: To address the working capital requirement, stimulate the development of Startups in India and provide them a competitive platform, the profits of Startups will be exempted from Tax for a period of 3 years.
• Tax Exemption on Investments over Fair Market Value: Investment by incubators in Startups will be exempted from Tax.

Industry - Academia Partnership & Incubation

• Organizing Startup Fests for Showcasing Innovation and Providing a Collaboration Platform: To strengthen the Startup ecosystem in India, the Government has proposed to introduce Startup fests at both national and international levels. This will be a platform for the Startups in India, to showcase their work and ideas and work with a larger audience comprising of potential investors, mentors and fellow Startups.
• Launch of Atal Innovation Mission (AIM) With Self Employment and Talent Utilization (SETU) Program: This will serve as a platform for promoting world- class innovation hubs, grand Challenges, Startup businesses and other self employment activities particularly in technology driven areas.
• Harnessing Private Sector Expertise for Incubator Setup: Government will create a policy and framework for setting up incubators across the country in public private partnership.
• Building Innovation Centers at National Institutes: To increase the incubation and R&D efforts in the country, Government will set up 31 centers of innovation and entrepreneurship at national institutes. For 13 centers an annual funding of Rs.50 Lakhs will be provided for 3 years to encourage student driven Startups.
• Setting Up of 7 New Research Parks Modeled on the Research Park Set Up at IIT Madras: In order to give a push to successful innovation through incubation and joint R&D efforts between academia and industry, the Government will set up 7 new Research Parks in institutes with an initial investment of Rs.100 crore each. The Research Parks shall be modeled based on the Research Park setup at IIT Madras.
• Promoting Startups in the Biotechnology Sector: The Biotechnology sector in India is on a strong, growth trajectory. Department of Biotechnology endeavors to scale up the number of Startups in the sector by nurturing approximately 300-500 new Startups each year to have around 2000 Startups by 2020.
• Launching of Innovation Focused Programs for Students: The Government will promote research and innovation among young students and has thus launched a few programs like- Innovation Core, NIDHI (a grand challenge program) and Uchhatar Avishkar Yojna. These schemes will initially apply to IIT's only and each project may amount Rs.5 crore.
• Annual Incubator Grand Challenge: Incubators play an important role in identifying early stage Startups and supporting them across various phases of their lifecycle to build an effective Startup ecosystem. The Government is proposing to make forward looking investments towards building world class incubators in its first phase; the aim is to establish 10 such incubators. The Government will hence identify 10 incubators having the potential to become world class. These will be given Rs.10 crore each as financial assistance and such incubators will become reference models for other incubators. These will then be showcased on Startup India Portal. An Incubator Grand Challenge exercise will be carried out for the identification of such incubators and this will be an annual exercise.

New Foreign Trade Policy (FTP) 2015-20, announced on 1st April, 2015

The New Foreign Trade Policy (FTP) 2015-20, announced on 1st April, 2015, provides a framework for increasing exports of goods and services as well as generating employment opportunities in line with the “Make in India” vision of Prime Minister. This policy restructures the
export incentive schemes by reducing a plethora of schemes to only two schemes namely “Merchandise Exports from India Scheme (MEIS)” for export of specified goods to specified markets and “Services Exports from India Scheme (SEIS).”

Clarification on ‪#‎Loans‬ and Advances to ‪#‎Employees‬: Section 186 Company ACT 2013

Clarification on ‪#‎Loans‬ and Advances to ‪#‎Employees‬: Section 186 of the Companies Act, 2013 imposes
restriction on companies from giving loans to any person more than a threshold level. The Ministry of
Corporate Affairs vide General Circular No. 04/2015 dated 10.03.2015, clarified that loans and/or advances to their employees, other than managing and whole time directors, are not governed by the requirements of section 186. It is also clarified that such loans/ advances to employees should be in accordance with the conditions of service applicable to employees and
with the remuneration policy.

Industrial output for the month of February 2015

Industrial output for the month of February 2015 increased at a rate of 5% as against 2.8% growth in the previous month. While the Index of Industrial Production (IIP) remained volatile during the last fiscal with an estimated growth rate of 2.8% during the year until February, 2015, production of capital goods and electricity increased at 6.4% and 9.1% respectively, indicating significant capacity creation in the economy.