The Shop and Establishment Act, which is enacted by all states in India, is an important regulation for most Indian businesses. Work conditions in shops and commercial establishments are governed by the Act, which includes paying wages, regulating hours, giving leave, taking holidays, and setting terms of service. As we examine the Shop and Establishment Act in this article, we highlight its key features. An Indian act governing shops and establishments Under the Shop and Establishment Act, the Department of Labor regulates premises where a business, profession, or trade is carried out. As well as commercial establishments, the act regulates […]
LLP Registration Documents
As a result of the Limited Liability Partnership Act, 2008, Limited Liability Partnerships were introduced in India as a relatively new type of business entity. Since recently relaxed FDI rules relating to LLPs, NRIs and Foreign Nationals have also shown interest in forming an LLP. They are the most popular form of business entity for small businesses. A list of the documents needed to register an LLP is provided in this article. Partner in LLP with Indian nationality An Indian national who wishes to incorporate an LLP must provide the following documents: PAN Cards: A copy of the PAN cards […]
How Does FDI Work In India
“Foreign Direct Investments” refers to equity investments in unlisted Indian companies by foreigners, or to ten percent or more of the fully diluted equity capital of listed Indian companies by foreign investors. A foreign investor’s stake in a company is the difference between foreign direct investment and foreign portfolio investment. A “Foreign Portfolio Investment” refers to an investment made by a resident outside India through equity instruments where the investment does not exceed ten percent of the post-issue paid-up share capital on a fully diluted basis of a listed Indian company or less than ten percent of the value of […]
New GST Registration: A Complete Online Application Guide
Businesses must register and acknowledge under GST in order to be GST-registered. Businesses with an annual aggregated turnover exceeding Rs. 40 lakhs must register themselves as taxable persons under GST by obtaining a GSTIN, filing their GST returns regularly & paying their tax liabilities on time. Depending on the type of business that you are trying to register, businesses have to submit a specific set of documents for GST online registration. If you are wondering how to register for GST, you must know that the process includes 11 steps and takes a considerable amount of time. In the following sections, […]
A Guide to Starting a Garment Business (a Production Unit)
Have you ever considered starting a garment business? You may want to consider opening a garment factory. Getting started in business can take place in many areas. Since I am from the garment industry, I can guide you in starting a garment company. This article will provide you with info about starting a garment manufacturing business. If you’re interested, read on till the end. You will find useful guides and steps throughout this article for starting a garment factory. In other words, when I talk about how to start a garment factory, I mean just that: starting a garment manufacturing […]
Benefits Of Partnership Firm Registration
Organizations in different parts of the world have utilized partnership structures. This form of business structure has proven useful even before the 1900s. As companies evolved, this business structure became more prominent with the aim of creating an agreement or relationship between two or more individuals. Two or more individuals can share profits and manage a business together with the help of a partnership. The business structure related to partnership can either be done independently by one partner or by all partners acting for the common purpose of the business. A traditional partnership is formed on the basis of a […]
Documents Required For LLP Registration In India
If you want to start a business in India, but are confused about the process, then you’ve come to the right place. People often confuse LLP registration with private companies and hence, we’re here to explain what they mean. In the first place, if you want to start a business, we recommend you register it as an LLP because it has everything it needs to run a safe, risk-free business. A private limited company, on the other hand, is only authorized to raise share capital, which is why we recommend it for those who wish to start a startup. As […]
How to get a GST Registration ?
The name Goods and Services Tax (GST) reflects that it is a taxation system that takes into account both the goods and the services. Through a dual mechanism of GST, the GST applies to both tangible goods as well as intangible services and maintains a balance of independent revenues for both the Central Government and the State Government. With the advent of the GST regime on 1st July 2017, all value additions are subject to a comprehensive, multi-stage, and destination-based tax. Transparency in the indirect tax framework will be enhanced by the GST regime, which is expected to bring down […]
List of license required to start a Ecommerce business in India
The e-commerce industry in India is witnessing significant growth as smartphones and internet penetration increase. In this blog, we will discuss the concept and licenses required to start an e-commerce business registration in India. This is boosted by the rising number of internet service providers and the advent of 3G and 4G services. E-Commerce Business Concept E-commerce or electronic commerce refers to an electronic platform where transactions are conducted. Similarly to their physical counterparts, e-commerce websites provide goods and services for sale and facilitate the transfer of funds. What are the benefits of running an e-commerce business? There are several […]
Company Registration Mistakes
It has been reported that India is home to the second-largest startup ecosystem in the world. Please consider this. Despite being relatively new in the country, the startup community has already generated close to 20000 early-stage companies, with most of them being technology-driven. Every day, there are 3–4 tech startups born! A number of initiatives have been taken by the Indian government to maintain this rapid growth, such as Startup India. Yet most of them fail to scale and end up failing at an early stage. It’s possible some of this is due to the inability to raise funds (which […]