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Trademark Registration in India

Posted By admin on December 24, 2013 No Comments

 

Why trademark:

  1. Trade Mark associates the standardization of Goods and Service and trade mark add tremendous value to the product and services as consumer buy/utilize services on trademark basis also. It has great value and no action taken by the company to protect this value will result a tremendous loss to the corporate
  2. Corporate adopt pro active strategy for protection of their trade mark and intangible assets
  3. With the advent of branding and the increase in value being attached to it, the issue of protection of consumers from unauthorized violation of brands is gaining importance. Most often than not, a brand is represented by a mark, called its trademark.
  • The registration of trademark provides the proprietor of the trademark, exclusive rights to use the TM in relation to the goods or services.
  • The registration of the trademark is a prima facie proof of validity of the registered trademark. In any legal proceeding, this is highly important.
  • Business can use TM at the right side of trade mark after applying for the same.

Key Point regarding protection of trade mark

There are 42 classification as per Indian Trade Mark act and a trade mark can be associated with one or more classification. Selection of appropriate classification and drafting the application is the most critical aspect of the same.
Documents required:

  1. Name of the Trademark/Service Mark to be registered.
  2. Full Names, Address and Nature of the Business of the Applicant.
  3. Full Name of the Proprietor/Partners of the Applicant firm.
  4. Date of first use of the Trademark/Service Mark in India List of goods/services
  5. Soft copy of the trademark to be registered.

Time taken:

  1. The overall time taken by us in searching, Drafting and filling trade mark application is 1-2 days.
  2. After Application government publish this trade mark application in different journal and invite objection. If no objection received in a particular period, trade mark is granted. Normally trade mark is registered in 2 year time
  3. After registration the trade mark, business can use R at the right hand upper side of the trade mark
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Service Tax Registration in India

Posted By admin on December 24, 2013 No Comments

SERVICE TAX REGISTRATION

It is a tax which is payable on the services by the service provider. This tax is payable by the service provider to the Govt. of India. However, service provider can receive the amount from the service receiver and shall submit the same to the Govt.

REGISTRATION SHALL BE OBTAINED WITHIN 30 DAYS FROM:

  1. The date of commencement of business or introduction of levy.
  2. The date of crossing the limit of Rs. 9 lakhs in the case of SSSP.
  3. c. The date of commencement of business.

FOLLOWING DOCUMENTS ARE REQUIRED FOR REGISTRATION:

  • Self certified copy of PAN
  • Copy of MOA/AOA I case of companies
  • Copy of board resolution
  • Copy of lease deed
  • Registration certificate of partnership firm.
  • Copy of a valid power of attorney

PROCEDURE TO MAKE AMENDMENTS WITH REGARD TO CHANGE IN PARTICULARS:

  • Changes shall be intimated to the department within 30 days of such change.
  • It should be clearly highlighted on the form that ST 1 is being filled for an amendment
  • Submit a certified copy of registration certificate
  • Application may be accompanied by a note explaining the circumstances that led to such change.

TIME FRAME FOR REGISTRATION OF SERVICE TAX:

  • Ø It takes average time of 7-8 days after submitting the complete application.

DUE DATES OF SERVICE TAX:

  • Assessee is an individual, proprietor, or partnership firm, service tax is to be paid on quarterly basis. The payment is to be made by the 25th day of the month following the quarter.
  • In respect of other categories, tax is payable on monthly basis and to be made by 25th day of the succeeding month.

PENALTY:

A person who

  1. is liable to pay service tax or
  2. is required to take registration and fails to obtain registration shall be liable to a penalty of ` 5,000 or ` 200 for every day when the failure continues till the date of compliance, whichever is higher.

REGISTRATION UNDER SERVICE TAX LAW:

  • Every person providing a taxable service of value exceeding Rs. 7 lakhs is required to register with the central excise or service tax office having jurisdiction over the office of such service provider.
  • The ‘Input Service Distributors’ also require registering themselves.

PROCEDURE TO CANCEL SERVICE TAX REGISTRATION:

  • Cancelling service registration is a simple process.
  • Submit a letter to jurisdictional officer requesting cancellation and surrender the original registration certificate.
  • Get dated acknowledgement on the copy of the letter submitted to the department.
  • Then the department will issue letter cancelling the registration.
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Registration Private Limited Company in India.

Posted By admin on December 24, 2013 No Comments

Six important aspect of Registration Private Limited Company in India.

  • For Registration Private Limited Company in India  must have minimum paid-up share capital of Rs.1 Lakh or such higher capital as may be prescribed
  • Minimum two directors and minimum two shareholders are required.
  • Restriction on right of transfer of shares as per the AOA.
  • Number of shareholders is limited to fifty.
  • An invitation to public to subscribe for any shares or debentures is prohibited.
  • No invitation of deposits from persons other than members, directors or their relatives is allowed.Reg Limited Company in India

STEPS REQUIRED TO BE PERFORMED TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Obtain Director Identification number
  • Get your digital signature certificate
  • Get the name of the company approved
  • Memorandum and articles of association vetted and printed
  • Get the documents stamped
  • Get the memorandum and articles signed by at least two subscribers
  • Get the certificate of incorporation.

CALL NOW: 9818092002

TIME FRAME TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Takes average 14 days to complete private limited company incorporation in India. .

FIVE ADVANTAGES TO INCORPOARTE A PRIVATE LIMITED COMPANY:

  • If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.
  • Business not affected by the status of the owner.
  • Minimum number of shareholders required is only2.
  • More capital can be raised as the maximum number of shareholders allowed is 50.
  • Scope of expansion is higher because easy to raise capital from financial institutions.

POST INCORPORATIONFORMALITIES:

  • Obtaining Permanent Account Number (PAN) from Income Tax Department
  • Obeying Shop and Establishments Act
  • Registration for Import Export code from Director General of Foreign Trade
  • RBI approval for Registration Private Limited Company in India being foreign companies investing in India and FIPB approval, if required.v The directors of an Indian company, both Indian and foreigner directors, are required to obtain Director Identification Number – DIN and Digital Signature Certificate – DSC
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