GST system is fully computerized and accounts based.
So, every dealer or service provider must keep daily books of
accounts in proper way. This accounts should be finalized
as at 31st March of every year.
All bank business loans are sanctioned only by clear
project reports and financial statements. This is very
essential.
Proper business advisors will promote business in a
successful manner. Accounting, GST, Income Tax and other
subject knowledge is also essential for running a business
successfully.
After filing returns, Department officials will
scrutinize and issue notices whether any discrepancies.
After that Assessment order will be issued by the proper
officer. Then we should present before Tax Authorities and
should file an Appeal before higher Authorities
Every money lender should take Kerala Money
Lending Registration before starting business. Every Registered
money lender should file returns on every quarter without delay.
Registration should be renewed on April month and Audited
Financial Statements with Audit Report should file before 30th
September.
Private limited company is a business entity
incorporated under Companies Act 2013, which has minimum
two members and maximum 200 members and it offers limited
liability or legal protection for its shareholders. It is the most
popular legal structure entity amongst MSME business in India
and also allows outside funding for business. It is governed by
Ministry of Corporate Affairs (MCA), followed by the Companies
Incoporation Rules, 2016.
The concept of one person company (OPC) is introduced in
India by the Companies ACT, 2013. It is form of business in
which only one share holder and director. The director acts as a
shareholder who can add a nominee for carry on the business
after his/her death or retirement.
A Trade mark is a visual /simple which may be a word,
name, device, label or numeral used by a business to distinguish
its goods or services from other similar products or services in
the market. It is an intellectual property or intangible asset to an
organization and to an individual.”
Trademarks are registered by the Controller General of
Patents, Designs and Trade Marks, Ministry of Industry and
Commerce, Govt of India. It is registered under the act named,
Trade Mark Act, 1999.
International Standards Organization (ISO) is an
international body providing guidelines for companies in terms of
product, quality, health and performance. An ISO registration
enhances the reputation of your services or product. There are
different types of ISO certification like ISO 9001, ISO 14001, ISO
5001, etc. ISO 9000 is a viewed in terms of quality and prestige.
To meet the regularity requirement and customer satisfaction,
companies go for ISO 9001:2015, ISO 19011:2018, ISO
9000:2015.
A Trade mark is a visual /simple which may be a word,
name, device, label or numeral used by a business to distinguish
its goods or services from other similar products or services in
the market. It is an intellectual property or intangible asset to an
organization and to an individual.”
Trademarks are registered by the Controller General of
Patents, Designs and Trade Marks, Ministry of Industry and
Commerce, Govt of India. It is registered under the act named,
Trade Mark Act, 1999.
Ministry of Micro, Small & Medium enterprises is a revised
classification. There are manufacturing enterprises rendering
services. Investment in plant & machinery or equipment not more
than Rs 1 crore and Annual turnover not more than 45 crore.
Others classifications are Annual Turnover not more than 50
crore and 250 crore.
Import Export (IE) code is a registration required for persons
importing or exporting goods and services from India. IE code is
issued by the Directorate-General of Foreign Trade (DGFT),
Ministry of commerce and industries, Govt of India. IE code
application must be made to the Directorate General of Foreign
Trade along with the necessassary supporting documents
The core objective of this Act is to provide statutory
obligations and rights to employees and employers in the
unorganized sector of employment, ie, Shops and establishment,
each state has framed its own rules for that. According to the
provisions of Shops and Commercial Establishment ACT, each
shops or establishments have to compulsory take registration
within 30 days of commencement of work.
Bar code is an optical machine readable form of data which
uses the binary system of coding and decoding. It has the
services of bar space representing Alpha numeric information.
Bar codes are applied to products has a means of quick
identification. They are used in retail stores as part of the
purchase process, in warehouses to trade inventory, and on
invoices to assist in accounting among many other uses.
Partnership business is a form of business in which two or
more partners come to an agreement or a mutual understanding
to carry on business. They agree to share profits and losses in
the business in a ratio. It is a very common form of business
setup without much legal complainces.
Govt. has organized a full system of facilitation for
registration process.
All MSME enterprises for the purpose of this process will be
known as Udyam and its registration process will be known as
Udyam Registration.
A permanent registration numbers will be given after
registration.
After completions of the process of registration a certificate will
be issued online.
Udyogadhar Registration and now udyam registration is
applicable to existing MSME. That are encouraging in
manufacturing or services activity
Under the startup India action plan, startups that meet the
definition as prescribed under GSR notification 127(E) are eligible
to apply for recognition under the program. The startups have to
provide support documents, at the time of application.
There are three main types of audit. External audit, internal
audit, and Internal Revenue services (IRS) Audits. Auditing is the
last word for completion and perfection of all financial
transaction and books of accounts. It is compulsory to major
groups of establishments.
An investment proposal is the driving tool, during a meeting
with potential investors. The best investment proposal for
business will present data in terms of ROI and it will describe the
strategies and methods a company will used to get a that capital
out of a sizable market.
Investment with company, banks is commonly used. Chitty
investment is also an attracted form.
Every food business operator in the country is required to be
licensed or registered under the Food Safety and Standards
Authority of India. Registration is meant for petty food
manufactures that includes retailor, hawker, temporary stall
holder, small or cottage scale industry having annual turnover up
to 12 lakhs. All food business having income more than these
limits are required to take a license.
Loan syndication is the process of involving a group of
lenders in funding various portions of a loan for a single
borrower. In loan syndication, a group of banks provides loans
jointly to a single borrower because of one single bank cannot
meet the huge requirements.
For Logo designing enter a business name and describe
your company. Describe your style, via icons, fonts & color. This
is highlight of every business.
A Patent is legal protection for the exclusive use of an
invention. Although they are typically thought of in terms of
machinery. A patent can be registered to protect the rights
surrounding any device, method, substance or process that
meets the criteria of being new inventive and useful.
Attestation of a CA certificate is the ACT of witnessing a CA
certificate by authorized
person/persons/departments/authorities with their official seal
and signature. CA attestation is essential for wealth certificates,
financial statements etc.
Digital signature certificates (DSC) are the digital equivalent
of physical or paper certificates. Likewise, a digital certificate can
be presented electronically to prove one $#39;s identity to access
information or services on the internet or to sign certain
documents digitally.
This course is very much useful to all individuals having
minimum plus two. This includes theoretical training, manual
accounting, computerised accounting in tally and Taxation
procedures .Duration of this course is six months. Course
attended professionals can manage various Accounts and Tax
filing in the company related to clients, Business shop,
Companies, etc.
Section-8 Company is a company which is registered for
charitable not –for- profit purposes. This company is, however
similar to a Trust or Society, and exception is that a section 8
company is registered under the Central Govt’s “Ministry of
Corporate Affairs (MCA)”. Whereas the Societies and Trust are
registered under the State Govt regulations. This, however, has
various advantages when it is compared to Trust or Society and it
also has higher credibility amongst the donors, Government
departments and other stakeholders. Further, the key feature of
this Company is the name of the Company can be incorporated
without using the word “Limited” or Private Limited” as the case
may be.
These are registered under the State Govt. regulations.
A Trust can be established by two or more individuals and
registered under the Trust Act of the State. The main instrument
of Trust is the Trust deed which is executed on non-judicial
stamp paper.
The societies Registration Act, 1860, with each state
adopting certain modifications.
A producer company can be defined as a legally
recognized body of Farmer’s/agriculturists with the aim to
improve the standard of their living and ensure a good status of
their available support, incomes and profitability. Under
Companies Act, 1956, producer company can be formed by 10
individuals (or more) or two institutions (or more) or by a
combination of both having their business objective as one of the
following.
Nidhi Company is governed by section 406 of the companies
ACT, 2013 and Company Nidhi Rules, 2014.
The company is incorporated as a public limited. As per
section 406, “NIDHI” means a company which has been
incorporated as a Nidhi with the objective of cultivating the habit
of thrift and savings amongst its members, receiving deposits
from, and lending to its members only for their mutual benefit.
LLP is the one of the easiest type of business to incorporate
and manage in India. It was introduced in India by way of the
Limited Liability Partnership Act, 2008. It is a combination of
both partnership and Corporation. It has the feature of both
these forms. As the name suggests partners have limited
liability in the company which means that’s personal assets of
the partners are not used for paying of the debts of the
company
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