MyCompanywala's creative blog on DashBurst. Welcome to MYCOMPANYWALA MyCompanywala.com began by offering registration services, filing returns and helping entrepreneurs in legal compliances and today it offers a full commercial center to entrepreneurs on its site. We are a group of chartered accountants, company secretaries, lawyers, getting answer for all your lawful needs under one umbrella. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing. MyCompanywala started with the simple idea that doing business in India should be easy. To accomplish our mission we are building the largest business services platform in the world with a range of business services from incorporation to tax filing. By making it easier to do business, we hope to unleash Entrepreneurship and help small businesses compete effectively. Our approach is easy to outline something we'd LOVE to utilize ourselves. In this way we tune in and set aside the opportunity to comprehend our clients and consider their responses generally important. - MyCompanywala

Welcome to MYCOMPANYWALA MyCompanywala.com began by offering registration services, filing returns and helping entrepreneurs in legal compliances and today it offers a full commercial center to entrepreneurs on its site. We are a group of chartered accountants, company secretaries, lawyers, getting answer for all your lawful needs under one umbrella. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing. MyCompanywala started with the simple idea that doing business in India should be easy. To accomplish our mission we are building the largest business services platform in the world with a range of business services from incorporation to tax filing. By making it easier to do business, we hope to unleash Entrepreneurship and help small businesses compete effectively. Our approach is easy to outline something we'd LOVE to utilize ourselves. In this way we tune in and set aside the opportunity to comprehend our clients and consider their responses generally important.

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MyCompanywala February 8 - Company Services

Annual Compliance for Private Limited Company

A Private Company is a corporate held under private ownership which requires regular filing with the Ministry of Corporate Affairs. For every organization it is obligatory to file an yearly return and audited financial statements including profit and loss statement and balance sheet with MCA for every financial year. The ROC filing is essential without reference to the company's sales whether it is zero or in large numbers. Hence, annual compliances for private limited companies are mandatory for a reputed company.

In order to report the activities performed in each financial year, the due terms for annual filing of a company are based on the occurrence of Annual General Meeting. The Annual General Meeting is usually held within 18 months from the date of incorporation of a company or 9 months from the closure of the financial year whatever is near..

Benefits of Annual Compliance for Private Limited Company

Avoid being a Defaulter

Regular filing of Annual compliance for a private limited company avoids heavy penalties and additional fees in case of non fulfillment of filing the required forms.Invitation to Potential InvestorsIn order to ensure the creditworthiness of the company the potential are highly interested in scrutinizing the financial worth of the organization. An investor can directly request the company or check the regular filing status on MCA portal. Hence, potential investors prefer to invest with a company with regular filing of Annual compliance for Private Limited Company.

Ensures Credibility

Legal compliance is crucial for every organization. Various participants such as investors, ministry tenders and for loan support purposes, the regular filing of annual compliances for a private limited company plays an important criteria to determine the trustworthiness of the company.

An regular MCA return and income tax report is due to be filed each year by all companies incorporated in India such as private limited company, one individual company, limited company and section 8.. The organization shall hold an Annual General Meeting at the end of the financial year before presenting its annual return. The Annual General Assembly shall be held for newly formed corporations within 18 months of the formation date or 9 months from the closing date of financial years, whichever is earlier. The foregoing General Assemblies shall take place within 6 months of the close of the financial year. The financial year usually begins in India on 1 April and ends on 31 March.

Companies who have registered and share capital in India after November 2019 are expected to acquire a business certificate prior to entering into any business or exercise any borrowing authority. Within 180 days after the incorporation, the beginning of the company license must be received. If business certificate does not start, the corporation will collect a Rs.50 000 penalty every day and the managers a Rs.1000 penalty per day for any day of default.

AOC-4 MCA Form (30th Nov 2020)The MCA Form AOC-4 for FY2019-20 is expected to be filled by the private limited companies incorporated in India on or before 30 November 2020. If AOC-4 is not filed, Rs.200 will be penalized for the default or delay day.

MCA MGT-7 Type (31st Dec 2020)The MCA Form MGT-7 must be filed on or before 31 December 2020 for FY 2019-20 for private limited firms registered in India. The default or delay of an MGT-7 file is a penalty of Rs.200.

EKYC DINFor all business administrators, the DIN eKYC or DIR-3 eKYC form must be submitted. In DIR-3 eKYC filing, a specific personal mobile number and personal email address are given and checked by the Manager. If DIN eKYC is not sent, Rs.5000 would be penalized by the DIN.

  • Annual Compliance for Private Limited Company via MyCompanywala

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MyCompanywala February 8 - Company Services

Registration of private limited businesses?

In India, a private limited corporation is the most popular and most widely used form of corporate legal organization. Private limited partnerships are incorporated under the 2013 Common Statute, the 2014 Corporate Rules. The incorporation of a private limited partnership is mandatory for minimum two shareholders and two managers.

Under Section 3(1) of the Law on Companies 2013, a Business may be formed by—

(a) 7 or more individuals to be constituted as a public corporation. (a)

(b) 2 or over people, whether it is a private corporation that is to be formed.(c) a person who has a business to be set up, by subscribing its names and name to a memorandum and in accordance with the provisions of this Act in connection with registration, is one person, which is a private company.

A business established by the Company Law of 2013 can also be —

(a) a limited stock company.(b) a guaranteed undertaking limited.(c) a corporation that is infinite.

The establishment of a private limited company is one of India's most recommended methods for starting up a business. This form of business gives its shareholders limited liability and some ownership limitations. An LLP has partners who own and operate the firm. While directors may differ from shareholders in registration of private limited companies.

Your leading legal expert, mycompanywala, provides fast company registration service at negligible rates in India. You can find here how your business can file.

There are several advantages to registering a corporation. The credibility of your corporation is improved by a licensed entity. It benefits the organization -

Protects from personal liabilities and other threats and losses.Reaches more clientsProvides stable borrowers with quick bank loans and strong investment.Secure the company's properties by liability insuranceGreater share of wealth and prosperityThe capacity for growth and expansion is improved.

We have the specifications of the checklist as specified in Company Law 2013.

Two executive directors:

There shall be at least two managers in a private limited partnership and at most 15 managers. At least one director must be a resident of India among all managers in the company.

Single Name

Your company's name must be exclusive. No current businesses or brands in India should fit the name suggested.

Minimum commitment to capital:

A business should not have a minimum capital number. A organization should have at least Rs. 1 lakh of approved capital.

Company Web Registration - Comprehensive procedureRegistration of companies in India will increase the success of start-ups and offer an additional advantage for non-registrants. In compliance with the constitution, the Ministry of Corporate Affairs regulates the process of registration of corporations.

Phase 1: DSC Appeal (Digital Signature Certificate).Step 2: DIN order (Director Identification Number)Stage 3: Name accessibility program.Step 4: File of a private limited company with EMoa and eAoAStep 5: Order the company's PAN and TANMove 6: RoC's incorporation certificate with PAN and TAN issuedPhase 7: Opening an internal business name bank account

Address Proof of Identity

PAN Card or Visa scanned copy (Foreign Nationals & NRIs)Scanned ID/Passport/Driver License copy ScannedScanned copy of the most recent bank statement/phone or bill for power or gasPhotography signature scanned passport-sized (blank document with signature [directors only])

  • PRIVATE LIMITED COMPANY REGISTRATION via MyCompanywala

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MyCompanywala February 8 - Company Services

Trademark registration Service

Registration of the trademark

A label is a kind of intellectual property which is a symbol, pattern or expression that can be marked, separating goods/services from those of a particular source. The owner of the label may be a person, a business or a legal body. A logo can be on a box, a sticker, a coupon or the product. In the company buildings for the purpose of marking, trade marks are also seen. It is regarded as an intellectual property of a constitution.

Heinrich III published the first legally-lawful statute on trademarks in 1266, which required the use of a special marking on all the bakers sold for their bread. The first new mark regulations appeared towards the end of the 19th century. The first formal scheme of trademarks in the world was introduced by France by 1857.

Other standards such as associated markings, a recorded use authorisation scheme, a protective marking system and not c-marking systems were developed under the 1938 Trade Marks Act which set a precedent to later laws elsewhere, which have been considered to be an example for similar legislation.

A recognizable emblem, such as a word "signature, name," name, unit, logo, numerals or colouring scheme, used for the purposes of distinction between the mark owner's goods and related services, originated in a business, can be used by the owner of the mark for the purpose of labeling the trademarks with a symbol TM (marked symbol), and ® (marked symbols normally registered for a mark object). A label may be a phrase, icon, symbol, brand name, wrapper or a combination of labeling or tag-line logos used for the purpose of distinguishing between manufacturers or service providers their own products and/or services.

The goods or services of the owners are isolated from their competitors. They are used.

So, you own a company or you want to own a business, and you're worried about whether India's Trademark Registration really is a required step? Is it just a nice idea to have for a company or a must-have for a business? Ok, let me just ask you a favor,

How much time and effort have you put into your business? for your product, huh? Or is it building market value? Have you worked tirelessly to make your company a reputable and trustworthy name in your customers' minds?

How would you do if anyone else misuses your brand name?

Or you find out that the name you use for your business is already registered with some other corporation.

Simply put, a trademark is a trademark or emblem that represents your brand.

A visual symbol such as a word signature, name, unit, sticker, numerals or a combination of colors used by the trademark owner for products or services or other consumer goods to differentiate it from related goods or services originating in different companies. A trademark can be a term, emblem, image, brand name, wrapper, package marking, tagline or a combination thereof, which may be used by manufacturers or service providers to distinguish their own products and/or services. It is used to differentiate the goods or services of the owners from those of the rivals.

  • Trademark registration Service
                                    
                                    Registration of the trademar... via MyCompanywala

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