Manage My Business

Compliance

Tax Filings

Income tax return must be filed by individuals and legal entities in India every year.

GST return must be filed by all person having GST registration.

Service tax filing is mandatorily required twice a year by all persons and entities having a service tax registration.

VAT returns must be filed periodically by all persons and entities having a VAT registration or TIN number.

TDS return filing is mandatorily required every quarter by all persons and entities who have deducted tax at source.

ESI return must be filed monthly by all persons and entities having a ESI registration.

Corporate Filing

The name of a company or LLP can be changed with Board of Directors and Shareholders approval.

Registered office change must be intimated to the Registrar of Companies by filing of appropriate form.

Director of a company are living person entrusted by the shareholders to manage the affairs of the company.

Director of a company are living person entrusted by the shareholders to manage the affairs of the company.

Increase in authorised or paid-up capital must be done with proper board resolution and filing of forms with Registrar of Companies.

Increase in authorised or paid-up capital must be done with proper board resolution and filing of forms with Registrar of Companies.

Annual Compliance

Proprietorship firms are required to maintain compliance under various regulations like LLPs and Company.

Partnership firms are required to maintain compliance under various regulations like LLPs and Company.

For a Limited Liability Partnership, LLP returns must be filed periodically to maintain compliance and avoid heavy penalty for non-compliance.

One Person Companies (OPC) are required to maintain compliance under Income Tax, Companies Act and various other regulations.

For a company, board meeting must be conducted, returns must be filed and statutory register must be maintained to maintain compliance.

Foreign subsidiary are required to maintain compliance under Income Tax, Companies Act and various other regulations.

Funding

Documentation

Business plan or project report maybe required to syndicate bank loan or enter into a joint venture with a Partner.

CMA report is often requested by Bankers while sanctioning or renewing credit facilities.

Bank loan rating from an external agency can help a business improve its operations and obtain an independent rating of its financial performance.

CIBIL score is used by lenders for assessing the credit risk of a borrower while lending money. Its good to check CIBIL score periodically.

Syndication

Term loan can be used for purchasing land, building or machinery for starting a new business or expanding an existing business.

Working capital loan can be used for building up of current assets and regular operations of a business.

Collateral free loan of upto Rs.1 crore can be obtained by new Entrepreneurs and existing small businesses in India .

Application for bank loan must contain a project report, CMA data and projected financial statements with detailed information about the business.



Intellectual Property

Trademark

Trademark registration helps establish ownership and protect brand of an entity. Early trademark filing will help avoid unnecessary legal tangle.

During the trademark registration process, an application can be marked as formalities chk fail by the Trademark Examiner.

During the trademark registration process, an objection can be raised by the Trademark Examiner.

During the trademark registration process, an opposition can be raised by an person for registration of the trademark.

Trademark registrations are valid for a period of 10 years. Registered trademarks can be renewed by filing a renewal application.

Others

Design registration can be used to protect original shapes, patterns, ornaments, and composition of colours and lines applied to any article by an industrial process.

Provisional patent application can be filed before filing complete specification even before the invention has reached a final stage.

Patent registration helps protect inventions that are novel, involves an inventive step and shows industrial application.

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