| S.No | Maximum Number of employees employed on any day during the year | Amount of one time Fees (in Rs.) |
| 1 | 0-10 Employees | 5000 |
| 2 | 11-50 Employees | 20000 |
| 3 | 51-100 employees | 50000 |
| 4 | 101 and Above Employees | 150000 |
A specialist finance and accounting services company would give utmost priority to manage the business of their customers well. If this function is executed in-house, or it would be of secondary importance to the business, and revenue generating processes would be given the priority. Hence, outsourcing your finance and accounting process would ensure that the tasks are safe hands and are given the importance they deserve.
Outsourcing is that you can keep pace with advanced technology solutions at lesser costs. A proficient finance and accounting outsourcing company may be able to provide the improved technology for less than the cost of the firm’s old technology. The costs could be even lesser than the upgrade costs that the business would have to invest in.
Your business can take advantage of the fact that the outsource is likely to have a much larger and more specialized staff than you do. The provider can ensure that there is a small group of expert outsourced accountants working on its projects at crucial times or for complex rules and regulations. This would probably never be cost effective if done in-house.
By freeing up intellectual and financial capital, outsourcing F&A can help minimize risks. Here’s how:
When you shift functions to an outsource, you also shift the associated risks, to them. This is because, it is the responsibility of the outsource to deliver the functions without errors and on time. The client business need not handle risks such as expert employees falling sick before important deadlines or systems crashing at inappropriate times.
Errors in F&A could be anything ranging from wrong calculations to faulty accounting. It might be time-consuming and expensive for a firm to hire in-house staff to check possible errors in the processes. An outsourcing specialist will generally have multiple levels of review built into the F&A process. This means that they would be more likely to catch errors on time.
Demat Account is like a Bank Account where you keep Securities (Shares, Bonds, Debentures Mutual Funds) instead of cash balance. Click here to open Demat and Trading Account with Zerodha
Now Lets understand with an Example : You got a Job with a Monthly Salary of Rs. 50000, You Spent 70 % of your total income in household , tuition fee and Home Loan installment , Now you are remaining with Rs. 15000 as savings.
Now you have following options :
Now suppose you want to buy Equity shares of some Listed Companies , Suppose Infosys, Tata or Any other Company and want to hold for Long term.
You have to do following things :
From Whom you are opening Demat account is known as Depository Participant (most of times your Stock Brokers will be DP)
Now you are ready to buy shares :
ESIC stands for ‘Employees State Insurance Corporation’. The scheme provides monetary and medical benefits to Employees in a case of sickness, maternity, and employment injury and to make provisions for related matters. ESIC registration is a statutory responsibility of the employers of factory or any establishment under the Act.
Any factory or business establishment having 10 or more than 10 employees, irrespective of salary, have to register with ESIC. ESI contributions must be made for all employees having a salary of less than Rs.15,000 per month. (increased to Rs. 21000 recent Amendment) Following industries are required to obtain coverage under ESIC:
Any Factory or Establishment required to obtain ESIC Registration or establishments which are voluntary obtaining ESIC registration can obtain ESIC registration online with the help of Fastlegal Team Members by Placing a Request here
Goods and Services Tax (GST) has come into force from 1st July 2017 by abolishing Indirect Taxes like Excise Duty, VAT , CST and Service Tax. Earlier business are required to take registration under these taxes separately and are required to file return and maintain records. Now there is only one Indirect Tax i.e. GST . Business are required to take only one registration of GST.
Step 1: Visit //www.gst.gov.in/ and Select Taxpayer
Step 2: Fill the required information like State in Which registration is sought, District, Legal name of Business, PAN number, Mobile Number and Email Id.
Step 3: Provide OTP and validate , System will create Temporary Reference Number (TRN) and will be sent to you on email and Mobile Number.
Step 4: Login with TRN number and OTP on email/Mobile
Step 5: New Application form will be displayed , fill required details like
Step 6 : Sign and Submit the Application, Once application for GST Registration is submitted , you will receive ARN on registered email id and Mobile Number.
Step 7: Track Status of application with ARN
Step 8: Receipt of Certificate or Clarification from Department, if any clarification is sought than resubmit the Application from available on GSTN portal.
If you wish to avail GST Registration Service for your Business you can Place your Request.
GST Migration for Existing Dealers :
Registration under Goods and Services Taxes have been started from 16th December 2016 by the government to make smooth transition of GST. Every VAT dealer who have received Provisional Id and Password can get registered under GST. You can login to www.rajtax.gov.in or of your state to know your GST provisional Id and Password and Service Tax Central Excise Assesses can Obtain from www.aces.gov.in .
An Applicant opting for registration under GST required to File GST Application along with business proof and Other Documents.
How To File GST Application Online :
Document Required for GST Registration :
If you wish to avail GST Registration Service for your Business you can Place your Request.
If you are thinking to attach car with Ola, Uber or Other Taxi Aggregator Company in India, this simply means you want to start Taxi Business in India. Renting a Taxi Business is a Service based business as you are providing services of renting a cab to your customers.
What is OLA and Uber ?
In simple way these are Technology Companies having a Mobile App through with anyone who needs a cab can book a cab through mobile app only.
Why you should attach car with these Apps ?
Attaching a car can be rewarding for your Business as these companies will provide you customers through their mobile app and will make payout to your Bank Account on the decided or Fixed date on the basis of rides completed by your car.
Basic Requirements for Attaching Car With OLA or Uber ?
Once the documents and Registration gets approved with the Mobile App Company , the company will provide you all the details to download the mobile app and other formalities. You can also download app on playstore.
Get Help For Registration of Firm with Fastlegal
Note: This article is for knowledge purpose only, you cannot take any content as legal or other regulatory advice.
XBRL (eXtensible Business Reporting Language ) is language for reporting of Financial Statements that are required to be filed with Registrar of Companies. XBRL helps in providing the reliable/accurate data and selective information that are required by various government and other regulatory bodies. XBRL is in conformity with Global Reporting Standards. Presently all Indian Companies are not required to file Financial Statements in XBRL form as government is implementing it in phased manner.
Note : Banking companies, Insurance companies, Power companies and Non-banking financial companies are exempt from this requirement.
XBRL filing is done through an computer software designed and developed for filing in XBRL mode. All the Data like Financial Statements (Balance Sheet, Statement of profit and loss, Cash Flow Statement, Notes to Financial Statements), Directors Report, Notice of AGM , List of Top Shareholders, List of Related Parties including their PAN No are required in soft copy ( word, excel, PDF) as information contained in these documents are feeded into software. The Software than requires validation of Data. Once the Validation is Complete an XML file is generated.
This XML file is Required to be attached with Form AOC-4 XBRL and is filed with Registrar of Companies.
Limited Liability Partnership (LLP Registration ) is an advanced form to traditional form of normal partnership having the liability of partners of LLP limited to the extent to capital contributed by partners in LLP. The major benefit to incorporate an LLP is to have Limited Liability in its operations.
Often seen in a bad time of business the personal assets of the partners come into stake and partners have to repay all debts even by selling personal assets. The major way to get it out is to get the benefit of Limited Liability where at the time of winding up of LLP all the assets of LLP is sold and all the liabilities of LLP are paid and afterward if nothing left or full liabilities are not paid as par law than partners of LLP need not to pay the balance from their personal assets. Another benefit of LLP is it also body corporate and is a separate Legal Entity, Partners come in and goes but LLP will always remain in existence.
Digital signature are issued by Certifying Authority in India after due verification of applicant, Digital Signatures are used to electronically sign the documents, it is as valid as normal signature.
Designated Partners of LLP must have Director Identification Number to become Designated Partners , In LLP DIN is also Named is Designated Partner Identification Number (DPIN) , DIN is obtained by filing Form DIR-3 with MCA. (DIN is valid for lifetime, you don’t need to apply for DIN if you have already obtained DIN.
Once DIN is Obtained Application for Approval of Name of LLP is Obtained in LLP Form 1 to ROC. Name of the proposed LLP should be unique , means if there is already a company , LLP or trademark is registered or applied , the name is simply not available.
Once the Name of LLP is approved Subscriber sheet, Consent of Partners form is drafted and than is Signed by all the Partners of LLP. Subscribers sheet should also be attested by Professional like Company Secretary, CA or CMA.
Along with Signed Subscriber sheet, Consent and Registered Office proof documents (Electricity Bill ,Rent Agreement/ Sale Deed and NOC from Owner ) LLP form 2 is filed with ROC.
Once Form 2 gets approved , LLP gets incorporated a Certificate of Incorporation is issued and LLP Identification Number is Allotted to LLP .
This is Final Stage to Incorporation procedure of LLP. LLP Agreement is prepared and printed on stamp duty of applicable value and signed by all the partners of LLP alog with signature of 2 witness. Scanned LLP agreement is now filed with ROC in LLP form 3 within 30 Days of Incorporation of LLP.
In India, NGO can be registered as Trust, Society and or Section 8 Company under Companies Act, 2013. Here we will discuss about the basic requirements to Register a Society in Rajasthan.
Update : Aadhar of Minimum 7 Members are required for Online Processing of Application, Please note that aadhar must be Mobile OTP enabled.
Professional Fee varies from Rs. 5000-8000/-
Once the society is registered, we can download the following
Once the Society registration is completed we have to apply for Bank Card of Society online with Income Tax Department, PAN card of Society is very important document and first it will be used for Bank Account opening purpose and afterwards it will be used for other purposes like Filing of Income Tax Return, Audit , Application of 12A and 80G of NGO and other financial and KYC requirements it is required
We Also Provide 80G and 12A Registration under Income Tax for NGO in Rajasthan, For Requirements Please Connect us at 9782280098
Trademark is a Word, Logo, Numerals, Slogan which differentiates products and services of one business from that of another Trademark Registration provides the legal right for the exclusive use of the mark to the owner of the trademark. Presently in India Trademark Registration takes around 2 years for the mark to get registered; however, registration is effective from the date of filing of trademark application.
Example of Trademark: Pepsi and Coca Cola are two trademarks from the same industry (beverages) which distinctly identifies the source or origin of the goods as well as an indication of quality.
Before making any step further for a trademark application, a trademark search is a very important thing that is required to be made from the trademark database provided by the trademark department.
Once the Trademark Search report is positive, you can proceed for trademark application filing with Trademark Agent/Attorney.
Some of the following information is required for filing the Trademark Application.
Download TRADEMARK QUESTIONNAIRE
| S.No. | Particulars | Details |
| 1. | Applicant Name
(Pvt. Ltd./Public Ltd./Partnership Firm/Proprietorship Firm/Trust/Individual) | |
| 2. | Address of the Applicant | |
| 3. | Type of Organisation
(Pvt. Ltd./Public Ltd./Partnership Firm/Proprietorship Firm/Trust/Individual) | |
| 4. | Full name of the Signatory
(On behalf of company/firm/trust) | |
| 5. | Designation of Signatory | |
| 6. | Nationality of Signatory | |
| 7. | Father’s / husband’s name of Signatory | |
| 8. | Residence address of the signatory | |
| 9. | Age of signatory | |
| 10. | Mark/brand name | |
| 11. | Goods / services (exact) | |
| 12. | Trade description
(Manufacturer/Traders, Service Providers) | |
| 13. | User Date of the Brand/Mark | |
| 14. | Class of Trade Mark. Kindly refer to class details- there are 45 classes of trade mark. | |
| 15. | Contact No. | |
| 16. | Email id |
2. Documents Required: Signed Power of Attorney in form TM-48 from the applicant is required to be given to Trademark Attorney
Once all the information and documents are ready, Trademark Attorney files the TM application to the Trademark Registry. This process usually takes 1-3 hours.
Once the TM application is submitted, an application is generated for every TM application. Once you get the application no. TM can be used along with your mark.
Normally Trademark Examination report is issued after 5-10 months of the filing of TM application. In this step, if any objection is received than the applicant through his attorney has to file a reply for the same to the TM registry and if no objection is received than TM gets published in Trademark Journal.
Once the mark publishes in trademark journal, it is available for public objection, if any objection is received, opposition proceedings are required to be done and if no objection is received than Trademark
Once all the proceedings are complete than the Trademark Registration certificate is issued and the proprietor becomes the absolute owner of the mark.