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New Company Name Approval Process

f4b51-9cb1a-logoOnly a few months have passed after the beginning of the year 2016 and the year so far has witnessed tremendous efforts towards boosting of the business scenario in India. Apart from the launch of plans and initiatives like the Startup India plan, the government has also been keen towards improving the existing policies and programs. One such program modified recently is the company name approval process which has now been transferred from the State offices of Registrar of Companies to a centralised name approval processing cell. Through this article we bring to you our take on the recently initiated changes.

Under the previously existing (Old) process for company name approval, all the applications filed by filling the Form INC-1 for acquiring approval for a company name were forwarded to an Officer in the office of the Registrar of Companies of the concerned state. The process was manual and the time to be consumed in the process was not set as it varied from state to state. The government and the concerned authority felt a need to modify the norms to simplify this process and make it more efficient and less time consuming. With this aim the Ministry of Corporate Affairs under the MCA notification dated 22nd January 2016, declared the establishment of a Central Registration Centre (CRC) to serve the purpose.

Unlike the existing system which was a state level affair, the Central Registration Centre (CRC) was given a countrywide territorial jurisdiction for processing of all the company name approval applications. This registration centre is governed by the Companies Act, 2013 and at the moment functions under the Registrar of Companies, Delhi (ROC Delhi).

Proving true to its purpose of existence, the new central registration centre has reduced the government processing time for approval of the company name considerably. Now it is possible to get your company name approved in merely 1-2 days. For setting up this centre, the complete procedure which previously existed has been re-created and modified to suit the requirements. The manual processing system has now been moved to a fully automated system.

In order to ensure immediate and instant clearance of applications, the Ministry has also introduced a system of zero balance in application from Tuesdays to Friday.

After achieving success in making the name approval process more efficient, the ministry is ready to set the dice rolling for modifying the company registration process by the centralisation of processing of incorporation applications.

It cannot be doubted that the centralisation of name approval has contributed significantly towards development of the incorporation process by making it simpler and quicker at the same time.

Efilingportal.in brings to you its take on the newly introduced modification in the company name approval process.

This article is about Company Registration and Business Registration for more information please visit our website: https://www.efilingportal.in

LLP registration in India becomes easy than ever!

efilingportal.in/Everyone knows that accumulating the desired amount of capital is very basic and crucial requirement of a business. This however also proves to be the most difficult one for a lot of budding entrepreneurs, putting off thousands of dreams. The amount required to start a business varies for various business types. Though true, this has no direct relationship with the success of the business. However, as per the general perception a certain specific amount is required to start a business. What to do if one if unable to accumulate that amount? This is what this article is all about. Therefore, if you are a budding entrepreneur with inadequate funds, trail the following steps to get going with your dream business.


Bring out the plan

There are a lot of youngsters with brilliant business plans along with lack of funds to implement and execute. Thankfully for such master minds, this era does not require money as much as it welcomes new ideas. With a lot of private equity firms and angel investors looking to fund a sensational idea, smart ideas will no more be turning into unfulfilled dreams. If you are one such aspirant, prepare a good business plan and an impressive presentation that showcases and conveys your ideas to the core. TieCon, CII, FICCI, come up with ample of opportunities by conducting presentations frequently.

Register you LLP with EMI 

Incorporation of the newly formed business entity is the very first step towards building a business. It is important as incorporation opens the doors for legal formalities like opening of bank account in the name of the business, attaining tax registrations and invoicing clients. Amongst all, a Limited Liability Partnership registration costs the least making a total of Rs.8000. However if you are facing trouble with accruing funds, EMI option is available for LLP Registration. It is a very good option which becomes most feasible for all the promising business men of India.

Becoming an E-seller

In today’s IT oriented world, becoming an e-seller in online markets has become extremely easy. Online markets like Flipkart, Amazon, Snapdeal and Jabong etc are doing very well by attracting customers from all over the world. Today anything one can think of buying from a market can probably be sold in the virtual market. It is easy, hassle free and quick business. Further, becoming a seller on an established ecommerce portal makes way for uncomplicated and trouble free access to potential customers.

Schemes launched by the government

The present government of India is involved in developing the Indian business eco system like never before. We have witnessed the launch of several schemes and incentives for start ups in India, like the most popular Startup India Standup India plan. In the same line, the central and the state governments provide a lot of schemes to encourage and support the first generation entrepreneurs. From providing seed funding to arranging for the bank loan, these schemes are 360 degrees support oriented. Some of such schemes NEEDS Scheme in Tamil Nadu, Self-Employment and Talent Utilisation (SETU) Program announced in 2015 Budget.

This Article is About Company Registration and Register a startup for more information please visit our website: https://efilingportal.in

Company Registration: Several Problems, one solution

https://www.efilingportal.inWhat stops a large number of potential entrepreneurs from setting up their own company and stepping into the world of business? The dull paperwork which is not only time consuming but also requires a large amount of mental exercise. It is not only confusing but is also repelling. Understanding the problems that our future business leaders face, eFilingportal has come up with the solutions. The portal is committed towards serving aspiring and existing entrepreneurs and small business owners. The portal provides assistance from setting up the dream business and managing it. We at the portal have designed the system to make your business process an easy, stress free, and an affordable ride to the top.

eFilingportal.in has set the dice rolling to bring to you the most needed facility of registering a company online, from the ease of home. eFilingportal.in has made it possible for you to now register any kind of company online, sitting at your home. No complicated paper work, no mind numbing, twisted legal formalities, all you need to do is provide the required details and documents to the portal and relax. The process of turning your dream into reality will be taken care of by the portal.

Through the portal one can get various kinds of companies registered like, Private Limited Company, Limited Company, OPC Private Limited Company, Limited Liability Partnership, Partnership Firm, Proprietorship Business and many others. Making sure you have a good experience, the portal maintains a user-friendly procedure, also explaining the procedure to be followed in both written form and also through a video.   We at eFilingportal.in understand the value of your money and time. This is why we strive to be time efficient. The portal also ensures security of the personal information that the user provides.

Along with registering various types of businesses and companies mentioned above, the portal also provides services like Service Tax Registration, TIN VAT CST Registration, Import Export Code Registration etc.

If you are an up-coming entrepreneur willing to register your dream company in a simple, time saving, secure and economically reasonable manner, eFilingportal.in is the right place to be!

One window solution to all your business problems is here. Contact eFilingportal.in today!

Having trouble registering your company? Why fear when eFilingportal.in is here. Log on to http://www.eFilingportal.in today!

This article is about Company Registration and Business Registration for more information please visit our website: https://www.efilingportal.in

Here is the key to easy Company Registration

https://www.efilingportal.inTurning our dream business into reality sounds really great and fills us with enthusiasm. However, it proves to be as difficult as charming its idea sounds. All the legalities, paper work and tiresome procedures often turn out to be barriers in the way to fulfillment of dreams. If you too feel scared of the tiring paper work and legal formalities, you do not need to worry at all. Now you can register your company in incredibly reduced amount of time, in the most affordable prices and along with guaranteed excellence of services.

eFilingportal.in has been designed keeping in mind the problems that our potential business-men face while getting their companies registered. The portal is totally dedicated towards making the procedure of company registration a simple and less complicated one. eFilingportal.in provides all the facilities related to registering companies be it, Private Limited Company, Limited Company, OPC Private Limited Company, Limited Liability Partnership, Partnership Firm, Proprietorship Business or any other kind of business that you wish to register. Along with registering various types of businesses the portal also provides services like Service Tax Registration, TIN VAT CST Registration, Import Export Code Registration etc. For the convenience of the customers, the portal maintains a user friendly guide and provides guidance in both verbal and visual form for the convenience of the users along with ensuring security of the personal information that the user provides.

For getting your firm registered in a hassle free manner, contact us at http://www.eFilingportal.in. Once you hand over the required documents and information to our experienced staff, it then becomes our duty to ensure that you have a good quality experience in time lesser than you would have thought. So what are you waiting for? Take the first step towards your dream with us and make the journey towards top, a memorable one.

eFiling Portal

509, Sector – 27, Gurgaon, Haryana, 122009 India

Contact Number : 9-555-247-000 , 888-2-247-000

Email : info@efilingportal.in

This article is about Company Registration and Business Registration for more information please visit our website: https://www.efilingportal.in

EFilingportal revolutionises Company Registration

https://www.efilingportal.inTaking another towards simplifying the process of giving business dreams a reality touch, eFilinportal.in introduces online services of company registration. It is not only a good news for all the would-be entrepreneurs who wish to register their company but also is a sigh of relief for all those who find tiring paper work and legal formalities scary. If you are one of them, then it is time for you to put aside your worries because eFilingportal.in now gives its clients services like never before. Now you can register your company without any trips to different offices obtaining and filling numerous forms and signing infinite number of times. On top of it, all this can be done in unbelievably less time with the most affordable prices and assured quality services sitting at your home or office.

With eFilingportal.in you can register any type of company that you wish. For e.g., a Private Limited Company, Limited Company, OPC Private Limited Company, Limited Liability Partnership, Partnership Firm, Proprietorship Business or any other kind of business. Along with registering various types of businesses the portal also provides services like Service Tax Registration, TIN VAT CST Registration and Import Export Code Registration etc.

Also, not only the firm provides registration facilities, the experienced and dedicated staff at the firm is available for any business related query and is happy to serve.

What makes the services provided by eFilingportal.in different from other is that the staff at the portal understands the value of the time and money that clients invest faithfully in the firm. Valuing this trust the firm offers expert assistance throughout the complete process of registration of the client’s dream company.

If you wish to get your firm registered with the portal, all you need to do is to contact us at http://www.eFilingportal.in and get in touch with one of our team members. Once that is done, you will have to provide us with the papers and information required for registering your business. We at the portal respect your trust on us by maintaining proper confidentiality of the information provided.

On your part, all that is required for you to do is, to send all the required documents and information, leaving the rest on us. Everything else will be taken care of by the portal in lesser time than you would have thought. So without any delay, take the first step towards your dream with us and make your journey a memorable one.

eFiling Portal
509, Sector – 27, Gurgaon, Haryana, 122009 India
Contact Number : 9-555-247-000 , 888-2-247-000
Email : info@efilingportal.in

This article is about Company Registration and Business Registration for more information please visit our website: https://www.efilingportal.in

EFilingportal revolutionises Company Registration

https://efilingportal.in/A lot of budding young entrepreneurs are put under worry by the hectic paper work and tedious legalities involved in the process of getting their dream business registered. It is no not unusual because getting a company registered really does involve mind numbing processes that a lot of people find it repelling. However. With every problem comes the solution.
For all the entrepreneurs to be facing the problems mentioned above, eFilingportal.in has completely revolutionised the company registration procedure.  the right place for you to be. The previously existing dull, time and money consuming, complex procedure has now been converted into a quick, inexpensive and convenient one. The plus point is, that in order to avail all these services, you need not go to any office, all these can be availed online, comfortably from your home/ office.

Thus, if you are one of the entrepreneurs willing to register their company in a simplified, time saving and economically feasible manner, you do not need to go anywhere else. The eFillingportal.in not only provides quality company registration services but also ensures that all your business related queries and problems are solved Along with registering various kinds of companies, the portal provides services of obtaining service tax registration, DVAT registration, and other similar services.

If you wish to get your firm registered with the portal, all you need to do is to contact us at http://www.eFilingportal.in and get in touch with one of our team members. Once that is done, you will have to provide us with the papers and information required for registering your business. We at the portal respect your trust on us by maintaining proper confidentiality of the information provided. After this, you can relax and concentrate on other aspects of your business. After handing over your work to us, you will be free from tension and will have ample of time to think and plan about other aspects of your business.

This blog is about Company Registration and Business Registration for more details please visit our website: https://efilingportal.in

Why should we allow GST to replace the Current Tax Scenario ?

Screenshot_12The proposed GST bill aims to introduce a goods and services tax (GST) which will subsume various indirect taxes, including Excise Duty, Countervailing Duty, Service Tax, value added tax (VAT), entry tax, entertainment tax, etc. which makes our grocery goods to a multiplex ticket cost raised upto 40% and that is too much.

When GST will be introduced the price of a product will become reduced. A fall in price generally increases the product demand. Not only the price reduces but also the working capital too. GST makes the price of a product unique throughout the country which makes it more interesting.

In GST both Central GST and State GST will be charged on manufacturing cost and will be collected on point of sale not like current scenario where tax is levied on all stages.

The proposed rate of GST is about 16%-17% which is much lesser when compared with the current rate of taxation. As per current tax pattern, the tax rates are about 35%-40%.

Its introduction would be a very significant step as it is expected to raise India’s GDP by up to 2 percent. The bill has already been passed in the Lok Sabha and is awaiting its passage in the Rajya Sabha and THE TAXPAYER INDIAN believes that we should support it for a good cause.

 

This content is from e-Filing portal

service tax registration and company registration related quires contact e Filing Portal

Starting a Fashion Business in India

Interested in fashion and trends? Here’s how you can open a business of your dreams in India.

With the fashion industry growing more and more each year and customer demands increasing for fashionable clothing and various modes opening for the fashion business like malls and small stores, boutiques etc, the fashion industry is witnessing a hype like never before. The fashion industry is becoming organised like it has been never earlier. This article particularly discusses the modes of establishing a fashion industry in India

The fashion industry in India is one of the largest in the world. The business in fashion is growing more and more each day. For establishing a fashion business in India various modes can be adopted. One of the most famous modes is Fashion Designing. The name itself is self explanatory. The Fashion designers design clothes as per the demand of the client as well as contemporary inspiration.

On the other hand there are stylists who advice their customers about the kind of garment they should wear depending upon the occasion and their type of body and personality.

Other option is opening Fashion boutiques. These are small stores that sell their own unique line of clothing designed by any one or more than one fashion designers.

Online Fashion Retail business is also an option if you are interested in fashion business. With E-commerce dominating the market,more and more consumers are opting for buying clothes online. Though there are various well established online fashion websites like Myntra, Jabong etc there still exists plenty of opportunities for online fashion businesses. Also if you do not wish to open your own website, you can sell goods on already existing markets like Paytm etc.

If you wish to start a fashion business in India, you will first have to setup a bank account in the name of the business. The potential entrepreneur is free to establish the business as Proprietorship, Partnership, a Limited Liability Partnership or a Company.

Regarding the accumulation of funds for any kind of business, it can be seen in the market scenario that most of the funds come from the promoters and personal sources. The fashion business is in the same position as most of the fashion businesses are funded by the promoters. However, if the business is being established at a large scale and a big amount of investments is required, one can always opt for a bank loan. The Private equity funding or angel funding is another option of acquiring funds for Fashion Business.

Certain kinds of fashion businesses like styling and fashion designing do not need VAT registration. Even Service tax registration is required only for those who provide taxable services exceeding Rs.9 lakhs per year.

However people selling cloths in India require VAT registration, that can be obtained from the local sales tax office. It must be noted that un-stitched garments are kept free from VAT registration.

Contact Us

eFiling Portal

509, Sector – 27, Gurgaon, Haryana, 122009 India

Contact Number: 9-555-247-000 , 888-2-247-000

Email: info@efilingportal.in

This article is about Company Registration and Business Registration for more information please visit our website: https://efilingportal.in

Quick Name Approval for Companies

Screenshot_7Check how the Companies Incorporation Amendment Rules 2016 has paced up the name approval process for companies.

Taking another step towards its goal of turning the business process in India into an easy and inspired ride, the government on 22nd January of this year launched the Companies Incorporation Amendment Rules 2016. It came into effect from 26th of January, 2016. The motive behind the launch was making the name approval process for companies rapid and also for simplifying the process of company registration. This article brings to you the developments brought lately in the Company Name Approval process.

Before the launch of Companies Incorporation Amendment Rules 2016, the approval process was comparatively complex. Prior to the launch, the applications for name approval had to be submitted to the concerned ROC of the area based on the registered office address of the Company. The State level ROC officers administered the process of processing of the applications and accorded approval.

However with the introduction of the new process of name approval, the things have turned simpler and faster. A Centralised processing centre has been established for the process. Now all name approval applications are sent to the centralised processing centre for name approval. The process of processing of name approval applications all over the country is now administered by the central processing centre. The centre provides name approval based on the name availability. With the introduction of the new process, the new process of name approval has become faster, simple and easy.

Since the previous naming process adopted more rigid Company Naming guidelines and regulations than the present one, the process was comparatively more firm and inflexible. The new rules have brought relaxation in major restrictions in the company naming guidelines. With the relaxation, a lot more options have opened up for the companies to choose form. The key changes that have been brought by the Amendment Rules are enlisted below:

  • It is no more mandatory for the Companies to have a name in line with correspondence to the objects of the company.
  • The Companies can now choose a vague or abbreviated name unlike before, names like A2Z limited are now acceptable.
  • Previously the names that misled the customers about the objects and services of the firm where not allowed, now this ban on misleading names has been lifted.
  • Now the companies can change the activities of their firm without changing the approved name that the firm is already using.
  • Using names no more requires a NOC.
  • Responsibility of the process now in the hands of Central Registration Centre.
  • Number of Resubmissions for incorporation increased from two to three.

 

Contact Us

eFiling Portal
509, Sector – 27, Gurgaon, Haryana, 122009 India
Contact Number: 9-555-247-000 , 888-2-247-000
Email : info@efilingportal.in
This article is about company registration for more information Please visit our website: https://efilingportal.in

Companies Incorporation Amendment Rules 2016

In order to make ‘Business doing’ an easy and widely loved practice in India, the Government of India has been sincerely working towards the Startup India Action Plan. Taking another step towards the goal, on 22nd January of this year, the Companies Incorporation Amendment Rules 2016 was released. It came into effect from 26th of January, 2016. This amendment to the Companies Rule aims at making it easier to start a company in India. The key points of the Amendment Rules are featured in this article.

It is no more mandatory for the Company to have a name in line with the objects of the company. Before the amendment, it was mandatory for the companies to have names in harmony with the objects of the company. However, the new rules have relieved the companies from this compulsion.

Companies may choose a vague or abbreviated name. Prior to the passing of Amendment Rules 2016, names like “A2Z Limited” or “SKB Limited” or any other kind of vague, abbreviated names were not approved. Now, in the new rules this clause has been omitted, leaving the companies free to to choose vague or abbreviated names.

Ban on misleading names lifted. The names not in line with the companies actives, i.e. those misleading regarding the scope or scale of the activities of the company were not allowed earlier. With the coming of the new rule, the Sub-clause (xvii) of clause (b) has been removed. Thus, companies are now free to keep names that may mislead in some way.

Change of activities without change of name approved. Before the new rules were brought in, any company willing to change activities, was required to change its name to a name harmonising with the new activity. This had to be done within six months from the change of activities. Now the changing of activities can be done under the roof of same name. In other words, the company can continue to use the same name even if it is not in line with the new activities of the company.

Using names no more requires a NOC. As per the old rule, if the company name contains name of someone who is not one of the promoters of the company, a NOC must be attached. The new rule brought in that a NOC is not required in such cases from now on.

The steering now in hands of Central Registration Centre for Name. Previously, the name approval process was the responsibility of Registrar of Companies of respective states. The new Rules have handed this responsibility to the central registration centre. It is a centralised system which is concerned with name approval applications filed from across India.

Resubmissions increased from two to three. The number of resubmissions allowed for incorporation of company under the INC-29 method have been increased by one. However it has to be noted that the total period for re-submission should not exceed thirty days.

This article is about Company Registration and Business Registration for information please visit our website: http://efilingportal.in