Employee's State
Insurance(ESI) is a self-financing social security and health insurance scheme
for Indian workers.it offers an economic & medical assurance to workers and
its dependents. Besides providing medical benefits to workers and its
dependents it also insures worker from temporary or permanent disablement and
sickness.
ESI Registration is
mandatory for employers having 10 or more employees. For all employees earning Rs.15,000
or less per month as wages, (From 2013 this ceiling is increased to Rs. 25000/-).This
compulsory insurance also helps employers to cover up their contingent
liability of treatment and medical expenses, which may be incurred if any
accident is happened at the business premises or factory.
EPF Registration
Employees'
Provident Fund & Miscellaneous Provisions Act, 1952 is social security
legislation for the future benefit of employees & their dependents; in case
of unfortunate incidents occurring in the future. Every establishment which is
a factory engaged in any industry in which 20 or more people are employed.
EPF Registration has to be done within One
month from the date of reaching 20 employees. Any delay in EPF Registration may
result in a penalty. Those establishments which do not have the prescribed
number of employees but willing to register themselves to provide the benefits of
Provident Fund to their employees can register voluntarily with the Regional
Provident Fund Office. i.e. covered voluntarily registration.
This will also help to all newly started sole
proprietorship firms as a proof of registration their business while open a
Bank Account of firm.
FCRA Registration
We are counted
among the dependable providers of Foreign Contribution Regulation Act
Registration Services based in India. As part of our 'Online Services' we
provide the services to register the Non-Governmental and Non-Profitable
organization under section 6 of Foreign Contribution Regulation Act in India.
MSME Registration
MSME enterprises are the backbone of any
economy and are an engine of economic growth, promoting equitable development
for all. Therefore, to support and promote MSMEs, the Government of India
through various subsidies, schemes and incentives promote MSMEs through the
MSMED Act.it is beneficial for business at it provides a range of benefits such
as eligibility for lower rates of interest, excise exemption scheme, tax
subsidies, power tariff subsidies, capital investment subsidies and other
support. MSME stands for micro, small and medium enterprises and any enterprise
that falls under any of these three categories.
Micro, small and
medium sized enterprises in both the manufacturing and service sector can
obtain MSME Registration under the MSMED Act. To avail the benefits under the
MSMED Act from Central or State Government and the Banking Sector, MSME
Registration is required. Though the MSME registration is not statutory
required, Preetham Shetty & Co. can help your business obtain MSME
Registration to avail a host of benefits.
Food Business Operator License
A Food Business
Operator License is a license granted by the Food Safety and Standards
Authority of India that The Food Safety and Standards Act, 2006 has made it
mandatory for entities involved in the activities related to the entity to
carry on activities related to any stage of manufacturing, processing,
packaging, storage, transportation, distribution of food, import and includes
food services, catering services, sale of food or food ingredients.
Application to
commence a food business must be made to the FSSAI license requires Online
registration on FSSAI website and submit document file prepared according to
licensing requirements as per Central/ State licensing/registration
requirements. The application for Food Business Operator License in the
prescribed format along with supporting documents, based on the application and
supporting documents, FSSAI will accord approval. The list of documents
required for conversion of license, whereas for new license application there
are 18 to 24 types of documents to be attached to apply.
Import and Export Code
All Importers/
Exporters must mention their Import Export Code while clearing customs when
their goods arrive in India. All exporters must mention their IE Code while exporting
their goods from India. Thus, any person
wanting to deal in any import or export transaction must get him registered
with Directorate General of Foreign trade by obtaining IE code.
For getting the IE
Code, one has to submit the application along with required documents with
DGFT. It usually takes 15-20 days to process the application. And later after
verification, the DGFT issues the Import Export Code.
The Karnataka Shops & Establishments
Registration
The Shops &
Establishment registration is a state based labor license legislation enacted
the respective state in which the shop or establishment set-up, this will helps
the State Government to regulate employment work conditions by prescribing
payment of wages, opening and closing hours of the shop/establishment and to
provide for statutory obligations of the employers with rights of the employees
in un-organized sector of employment and to provide minimum benefits and relief
to unorganized sector employees. Which is essentially the welfare of the
employees in the unorganized sector. This is issued per premises and does not
have a centralized registration concept. The Shops & Establishments Act
registration is applicable, if you are opening a shop or commercial
establishment in the respective state. Now you can register your business in Karnataka
under Karnataka Shop & Establishment Act 1954. All commercial
shop/establishments are compulsorily required to register itself under this Act
with the Karnataka Government’s Labour department within 30 days of
commencement of work. This will also help to all newly started sole
proprietorship firms as a proof of registration their business while open a
Bank Account of firm.
Preetham Shetty & Co. can
help to file your business for the Shops and Establishments Act Registration.
Our experts can also help you to maintain Shops and Establishments Act
regulation compliance for your business.
Form 15CB, 15CA Certificate
As per CBDT prescribing Form 15CA and Form
15CB to be filed in relation to remittances to non-residents under section
195(6), which requires the person responsible for making payment to a
non-resident to furnish information relating to such payments. Currently,
remittances to non-residents are allowed by banks if the person making the
remittance furnishes an undertaking, accompanied by a certificate from a Chartered
Accountant (“CA”) certifying the rate for withholding tax as per section 195 of
the Act.
Karnataka VAT (KVAT) Registration
Karnataka VAT Registration is mandatory for
dealers in Karnataka having a turnover of over Rs.10 lakhs in the current
financial year or those dealers involved in the sale or manufacturing of goods
originating from outside the state. Also, any person who is a dealer or intends
to be a dealer may also obtain VAT Registration voluntarily.
For becoming a registered Dealer/Trader, first
they have to apply for obtaining registration number or TIN number to the State
Government (SG) with the required prescribed list of documents then after they
are eligible to collected or charge Sales Tax or VAT from their
customer/consumer. After Karnataka VAT Registration approval, the tax
department will issue a Tax Identification Number (TIN Number), which can be
used for all communication pertaining to the VAT Registration.
Tax Account Number (TAN) Registration
TAN or Tax Deduction and Collection Account
Number is a 10-digit alpha numeric number required to be obtained by all
persons who are responsible for deducting or collecting tax, TAN no is a must
before anyone can proceed for Tax deduction or payment. It is compulsory to
quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS
payment challan and TDS/TCS certificates.
TAN number is a specific number allotted for
Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who
is making payment in relation to a business purpose / transaction. The TAN No
provides a unique Identification to Tax Deductor / Collector and help in the
tracking of transactions, like payment of taxes and return filing.
Preetham Shetty and Co. can help you obtain
TAN registration.
Service Tax Registration
Service tax is an indirect tax levied on the
services provided by a service provider in India. Service tax is paid by the
end consumer of the service and the service provider is responsible for
collection of remittance from the recipient of the taxable service. At present, Service Tax is levied at 15 % on
the value of the taxable service. Service tax registration is mandatory for
every person or business in India that has provided a taxable service of value
exceeding Rs.9 lakhs, in the previous financial year. Preetham Shetty and Co.
can help you in Service Tax registration services.
Permanent Account Number (PAN)
Permanent Account Number (PAN) is a ten-digit
alphanumeric number issued by the income tax department of Government of India
to both individuals and businesses in the form of a laminated card. A typical
PAN is AABPS1205E. A PAN number is required for filing all
income tax returns. We procure PAN card for both individuals and the companies
incorporated by us.
Copyright Registration
Copyright is a form of legal protection for
properties created by original thought like trademark and patents in the nature
of its legal right to use, distribute or sell all types of creative arts like a
music track, a piece of literature, etc. developed originally by anyone
including individuals, corporate, etc. Original works of authorship such as
literary works (including computer programs, tables and compilations),
dramatic, musical and artistic works, cinematographic films and sound
recordings. The right to reproduce, adapt, translate & communicate to the
public also rests with the copyright holder.
In India, Copyrights are registered under The
Copyright Act, 1957. The Copyright Act, 1957 does not consider ideas,
mathematical concepts, or procedures. It means that ideas can’t be copyrighted;
only expressions can be allotted copyright protection. Copyright is a right
given by the law to creators of literary, dramatic, musical and artistic works
and producers of cinematographic films and sound recordings. A bundle of rights
inter alia, rights of reproduction, communication to the public, adaptation and
translation of the work together compose a copyright. There could be slight
variations in the composition of the rights depending on the work.
Trademark Registration
To distinguish one’s goods or services from other
similar goods or services originating from a different business, a visual
symbol is used called trademark. It may be in the form of a number, a word, a
symbol, etc. It is an intangible asset used to protect the company's investment
in the brand or symbol. Proposed trademarks that are similar or identical to an
existing registered trademark cannot be registered. A trademark can be
registered only if it is distinctive for the goods and services you provide.
Also, trademarks are not register able if it is deceptive, offensive, contains
specially protected emblems, etc.. Trademark provides the trademark owner the
right to sue for damages in cases of infringements of trademarks. Trademarks
are registered in accordance with the Trademark Act, 1999 with the General of
Patents Designs and Trademarks, Ministry of Commerce and Industry, Government of
India.
