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Instade Knowledge Base (KB)
Instade Knowledge Base
50 episodes
5 days ago
A collection of Articles, Updates and other informational Podcasts altogether at a single place.
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How To
Education
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All content for Instade Knowledge Base (KB) is the property of Instade Knowledge Base and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
A collection of Articles, Updates and other informational Podcasts altogether at a single place.
Show more...
How To
Education
Episodes (20/50)
Instade Knowledge Base (KB)
43. Trademark search
Trademark search must be completed before trademark registration application to find any faults in existing trademarks. This can be done through the government website (https://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx). Trademarks registration is controlled by the Comptroller general of patent designs and trademarks. Trademark Search is divided into three categories: Wordmark – For the similar representation of wordmark; Vienna Code – For the similar artistic representation; and Phonetic – For the phonetically similar words The procedure of trademark search Navigate to the website of the Comptroller General of Patent Designs and Trademarks and follow these steps. Selecting the option “show details” would display information pertaining to the trademark. Trademark must not be registered the same as any existing one. If the results show no results found then there’s no registered trademark same as searched ones.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 15 seconds

Instade Knowledge Base (KB)
42. Contract drafting and review
Drafting a contract means writing down all the terms and conditions of the contract and the legal obligations of both parties. Often, an attorney is needed to create reliable and secure contracts especially when contracts are complex. Instade provides you this service at reasonable prices. Important points to be considered while drafting · Language should be clear and precise. · Statements should be clear. · There should be only mutually agreed terms and conditions. Reviewing helps in- · Understanding terms and conditions. · Preventing illegal and voidable contracts. · Preventing breach of contracts. Important points to be considered while reviewing contracts · Make sure that both parties are well versed with the contract. · Clear all the confusions of the parties. Registration of  Drafted Contract The laws do not expressly state that all contracts must be mandatorily registered in order for them to be legally enforceable and recognizable; however, when a party becomes a victim to some default made by the other party/parties, it becomes highly tedious for the victim to prove the legality, binding effect, and validity of the contract.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 4 seconds

Instade Knowledge Base (KB)
41. Legal compliance checklist
Adhering to all the compliances of the law becomes a tedious task. It becomes difficult to even for large organizations. Instade helps you with this checklist and ensures that your organization will face no hassles with compliances.  Importance of legal compliance checklist • Keeps the company updated with important compliances.  • Helps to carry out internal and external compliance assessments.  • Ensures that by adhering to all the compliances business remains legal.  Contents of checklist  1. Compliances with Tax laws 2. Compliances with Employment laws.  3. Compliances with Advertising laws.  4. Compliances with Corporate laws.  5. Compliance Miscellaneous laws.  6. Compliance with others laws specific to the Industry.  So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
1 minute 34 seconds

Instade Knowledge Base (KB)
40. Change of name of the company
Changing the name of the company involves alteration of MOA and AOA with due approval of Central Government (the power has been delegated to Registrar of Companies), however, approval of Central Government is not required if the change relates to the addition/deletion of the words “private” to the name. The company also needs to pass the resolution in the board meeting to get approval from other relevant stakeholders of the company. After completing the due procedural requirement, ROC will issue a New Certificate of Incorporation. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
1 minute 40 seconds

Instade Knowledge Base (KB)
39. Appointment of auditor
All types of companies are required to get their books audited so they have to appoint an auditor for the same. First auditors must be appointed within 30 days of registration of the company, other than the government company, and will continue to hold the position till the conclusion of 1st  AGM. In case BOD doesn’t appoint auditors, shareholders can appoint within 90 days of registration. Documents required for the appointment of auditors Consent Letter of the Auditor Certificate proving his eligibility of Auditor Resolution Form ADT-1 to be filed with the Registrar of Companies      (ROC). Besides the above form, the following information to be provided to the ROC. Name of the new auditor. Address of the new auditor. Email address and PAN number. A number of years for which the auditor is appointed. Details of the resigning auditor. Appointment date of the new auditor. Procedure for appointment of Auditors 1. A practicing chartered accountant / A practicing chartered accountant firm can only be an auditor of the company. 2. Written consent of the auditor must first be obtained along with a certificate from the Auditor that the appointment, if made, shall be in accordance with the conditions as prescribed by the Auditor and that the Auditor satisfies the criteria provided in Section 141 of the Companies Act, 2013. 3. Pass resolution for the appointment of the auditor and file ADT 1 with 15 days of the appointment.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 24 seconds

Instade Knowledge Base (KB)
38. Filings to be done with ROC for LLP
LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP’s are regulated by the Registrar of Companies, Ministry of Corporate Affairs. All LLPs are required to endure compliances and file certain statutory filing with the Government every year. It is mandatory for an LLP to file an annual return in Form 11 and Statement of Account and Solvency in Form 8. DOCUMENTS TO BE FILED WITH ROC: 1. Form 11 – For Annual Return of the LLP - Annual return of LLP is a summary of designated partners and changes among them on yearly basis. It is to be filed within 60 days of the ending of its financial year i.e. 31st March. Annual Returns have to be filed on or before 30th May every year. 2. Form 8 – For Statement of Accounts and Solvency - It consists of information related to the statement of assets of the LLP and liabilities and statement of income and expenditure of the LLP. From 8 is to be filed by at least two Designated Partners with the Registrar. Form 8 should be filed within 30 days from the end of 6 months of the end financial year. i.e. by 30th October of each financial year. PROCESS OF FILING LLP RETURN: For LLP filing, form 8 and form 11 have to be filled. Filing of annual returns can be done online on the MCA portal. These forms are to be compulsorily filled in order to smoothly run the business. Instade helps you to fill up the form without any hassles and at lower rates.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 18 seconds

Instade Knowledge Base (KB)
37. Registration of Public Limited Company
A public limited company is one whose shares can be freely traded to the public and can be listed on the stock exchange. It is a limited liability company that raises funds by issuing shares to the general public. Section 2 (71) of the Companies Act defines a "public company" means a company which— (a) is not a private company (b)  has a minimum paid-up share capital as may be prescribed Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles Requirements/Eligibility for registering Public Limited Company · Minimum of 7 Shareholders. · Minimum of 3 Directors. Documents required for incorporating a Public Limited Company 1. Proof of identity of all the shareholders and directors. Such documents include Passport, Driving license, Voter Id (Self-attested copy) 2. Proof of address of all the directors and the shareholders. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone (should not be older than 2 months) (Self-attested copy) 3. Indian nationals are mandatorily required to provide an attested  copy of PAN 4. Foreign nationals must submit attested passport copies. 5. Memorandum of Association (MOA) and Articles of association (AOA). 6 · No Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill   /Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. 7 • In case any of the shareholders or subscribers to the MOA   and AOA is a Corporate Entity (Company, LLP, etc.) then Certificate of   Incorporation of that corporate entity must be attached together with the resolution passed by the Corporate entity in favor of subscribing to the shares of the company which is going to be registered. • In case subscriber to the proposed company is a Foreign company and/or company incorporated outside India then Copy of certificate of incorporation of the foreign body corporate and resolution passed thereon in favor of subscribing to the shares of the company which is going to be registered. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates: Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
5 minutes 39 seconds

Instade Knowledge Base (KB)
36. Registration of a private limited company
Private Limited Company is the most popular type of corporate legal entity in India. The registration is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013, and the Companies (Incorporation) Rules, 2014. We, at Instade are committed to providing affordable packages for the registration of private limited companies across India. Eligibility and Requirements for Private Limited Company -Minimum of two Directors -Minimum two Shareholders, Shareholders can be – 1. Corporate entity. 2. Natural person. 3. Foreign national or company. -At least one director must be a resident of India. Documents required for registration of Private Limited Company For Directors & Individual Shareholders • Identity proof documents like Voter Id, Passport, Driving license • Indian nationals are mandatorily required to provide PAN. • Foreign nationals must submit attested passport copies. • For Proof of Residence documents shall include bank statements, electricity bills, water bills, gas bills, and telephone bills. (should not be older than 2 months) • Passport Sized Photograph For Registered office · No Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). · In case of owned property, copy of sale deed and copy of  Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). For Corporate entities as a Shareholder • In case any of the shareholders or subscribers to the MOA and AOA is a Corporate Entity (Company, LLP, etc.) then Certificate of Incorporation of that corporate entity must be attached together with the resolution passed by the Corporate entity in favor of subscribing to the shares of the company which is going to be registered. • In case subscriber to the proposed company is a Foreign company and/or company incorporated outside India then Copy of certificate of incorporation of the foreign body corporate and resolution passed thereon in favor of subscribing to the shares of the company which is going to be registered. Post-Incorporation Compliances Private limited companies registered in India are required to comply with various rules and regulations. Failure to such compliance will lead to penalty or disqualification of Directors. Instade will help you with the company’s accounting and maintenance of required statutory compliances. IMPORTANT COMPLIANCE FOR COMPANIES REGISTERED IN INDIA 1. Appointment   of Statutory Auditor 2. Commencement of Business within 180 days of incorporation 3. Income Tax Filing 4. Annual Filing with ROC 5. Director identification number KYC 6. Preparation of Minutes 7. Maintenance of Statutory Registers. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
6 minutes 1 second

Instade Knowledge Base (KB)
35. Reply to Trademark objection and Professional consultation of trademark
After the scrutiny and verification, the registrar issues an examination report for the trademark. In that report, the registrar can come up with an objection. A response to this must be filed within a month otherwise the Trademark Registry will abandon the application. The timely filing of the trademark objection reply can save your time, money, and brand. Reply to objection Assess the examination report. You must get it done professionally. Get an assessment of the implications of notice. Get drafted objection reply and review it. Submit the response within 30 days. Trademarks are those marks which help business to get identified in the market. It is very easy to get the trademark registered but it is preferred by most of the business to get it done professionally in order to avoid any unwanted consequences. Trademark consultation with professionals is very much convenient. It has the following benefits- 1. Helps in the systematic filing of the application. 2. Registration is done in a manner as prescribed by the rules and regulations governing Trademark law. 3. Helps in removing ambiguities. An application not filed in a prescribed manner can be rejected and the applicant will get no legal right on the trademarks. That’s why it is good to get trademarks registered professionally. Instade provides professional services at very reasonable rates.
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3 years ago
2 minutes 19 seconds

Instade Knowledge Base (KB)
34. Conversion of company into LLP
LLP offers a benefit of company and partnership therefore many companies convert themselves into LLP to gain direct control over operations unlike in the case of a company where control is in the hands of directors. LLP registration has the advantage of self-governance and less compliance as compared to other types of corporate entities. LLP also has lesser compliance and easy to operate. Pre-requisites for conversion · All the members of the company become partners of LLP. · No unsatisfied Charges pending on the company. · Company has filed its latest financial statements and annual return with ROC. · Company has filed latest IT Return. · No prosecution has been initiated against the company. ·  Creditors of the company must have consented to the conversion. Documents required for conversion 1. Consent to act as Designated Partners and Partners 2. Address proof of the registered office of LLP 3. Subscribers Sheet 4. Identity and Resident proofs of designated partners and partners 5. All the details & documents of the company. 6. Statement of Shareholder Consent 7. Statement of accounts of the company certified as true and correct by the independent auditor 8. List of all the secured creditors along with their consent 9. Affidavit by directors verifying creditor along with creditor list 10. Shareholder List 11. Latest ITR Acknowledgement 12. Board Resolution. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
3 minutes 14 seconds

Instade Knowledge Base (KB)
33. Increasing authorised capital of the company
INCREASE IN AUTHORISED CAPITAL OF THE COMPANY Authorized capital is the maximum capital that can be issued by the company. The authorized capital of a Company determines the number of shares a Company can issue to its shareholders. If a company wants to raise more capital then it has to increase the authorized capital. Prerequisite to increase Authorised Capital 1. You must have a clause for an increase, if not, AOA must be altered first. 2. Shareholders must approve for the same. Documents required for increase Authorised Capital 1. MOA & AOA of the Company 2. List of Directors 3. List of Shareholders. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
1 minute 45 seconds

Instade Knowledge Base (KB)
32.Filings to be done with ROC
Companies incorporated in India are required to file their annual financial statements and annual returns with ROC every year. Failure to this compliance will result in legal actions or penalties. The company’s management should fulfill the requirements on time. DOCUMENTS TO BE FILED WITH ROC 1. Form MGT-7 / MGT-7A – For the annual return of the company- All the Companies are required to file their annual return and other required attachments using Form MGT 7 within 60 days of AGM. The information contained in this form are- · Details regarding the registered office of the company, principal business activities, particulars of its holding, subsidiary, and associate companies. · Share, debentures, and other securities and shareholding pattern; · Indebtedness of the company. · Members and debenture-holders along with changes therein since the close of the previous financial year; · Promoters, directors, key managerial personnel along with changes therein since the close of the previous financial year; · Meetings of members or a class thereof, Board and its various committees along with attendance details; · Remuneration of Directors and key managerial personnel; · Penalty or punishment imposed on the company, its Directors or Officers and details of compounding of offenses and appeals made against such penalty or punishment; · Matters relating to certification of compliances, disclosures as may be prescribed; · Shareholding pattern of the company; and such other matters as required in the form. 2. FORM AOC-4 / AOC-4 CFS / AOC-4 (XBRL) / AOC-4 (NBFC) / AOC-4 CFS (NBFC) – For Financial statements and other documents- All companies are required to file their financial statements and mandatory attachments using Form AOC-4 each year. If financial statements remain un-adopted in AGM then they have to file within 30 days of AGM and if adopted then too within 30 days of AGM. Revised financial statements can also be filed using Form AOC-4.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
3 minutes 23 seconds

Instade Knowledge Base (KB)
31. Incorporation of business in Hong Kong
Registering a business in Hong Kong is easy and cheap by hiring an agent. The most common type of business form in Hong Kong is Limited Liability Company. Documents required to register a company in Hong Kong 1. AoA of the company. 2. Registration which is having all the required details. 3. Copy of passport of directors and shareholders. 4. Copy of Certificate of Incorporation of the parent company, if any. Process of getting registered the company in Hong Kong The process just requires you to hire an agent and provide the required documents. The benefit of registering a company in Hong Kong · No requirements of citizenship. · No requirements of the physical presence of an owner. · Business can be freely operated from home country.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
1 minute 31 seconds

Instade Knowledge Base (KB)
30. Incorporation of the company in Dubai
Incorporating any business in Dubai is not easy. Getting a trade license is mandatory and thorough research is needed before registration. Corporate laws are complex and are needed to be strictly adhered to. Documents required to register a business in Dubai 1. Articles of Association of the Company. 2. Details of the shareholders, directors, and business activities of the company 3. Copy of translated and notarized passports of shareholders and directors. 4. Forms issued by trade registrar. 5. Any other document or details demanded by the trade registrar.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
3 minutes 22 seconds

Instade Knowledge Base (KB)
29. Incorporation of company in United Kingdom (UK)
The UK is the most favorable place for locating offices because of its well-equipped infrastructure, basic facilities, and strong governance. Having an office is the most favorable thing for an international business. Online registration of the company in the UK is very easy. Documents required for getting a company registered in the UK 1. Constitutional Document of the company 2. Details of the name of the Company 3. Details of Director. 4. Director service address details 5. Registered office details. 6. Details of company shareholding pattern. Benefits of registration of a company in the UK · No citizenship required. · Strong corporate governance. · Tax Benefits · Regulatory and legal requirements are easier.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 10 seconds

Instade Knowledge Base (KB)
28. Incorporation of company in the USA
The USA is having the largest market and lowest tax rates in the world. Every day new foreign companies are being registered in the USA. The process of registration is very easy. Business in the US can be set up in sole proprietorship, general partnership, LLC, or a Corporation. However, the entries for Indian companies are limited to an LLC or a C corporation in the USA. Documents required for incorporation company in the USA 1. Passport size photograph 2. PAN card 3. Address Proof & ID Proof. 4. Certificate of incorporation. 5. Bylaws of the company. 6. Organization’s resolutions approved by the board. 7. Employee Identification number. 8. Assistance in opening a bank account. Benefits of incorporating companies in the USA · Lower tax rates. · Business-friendly laws. · Easy access to funds from venture capitalists.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 28 seconds

Instade Knowledge Base (KB)
27. Registration of Niti Ayog
This registration enables organizations to get uniquely enrolled with the government which results in many benefits. To get the approval of government grants and funding under government schemes, this registration is necessary. Requirement for NITI AYOG Registration · The organization must be a Voluntary Organisation (VO) or Non-government Organisation (NGO). · The VO or NGO must be registered either as a Society / Trust / Private Limited Non-Profit Company under section 25 / 8 of the Companies Act 1956 / 2013. Documents required for NITI AYOG Registration 1. Copy of Trust deed/ MoA and AoA/ Certificate of registration. 2. PAN  card of the organization. 3. List of governing members of the organization. 4. PAN card, Aadhaar Card of the governing members 5. Valid email ID and mobile number for OTP. 6. FCRA Detail, if any. Benefits of NITI AYOG registration · Helps in getting government funding and other assistance. · Authentication of the organization. · Ensures the transparency of the organization. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
2 minutes 31 seconds

Instade Knowledge Base (KB)
26. Registration of MSME
MSMEs are an important part of India's economy and they are important for the supply chain of products. Registration of MSME isn’t mandatory but its registration gives various benefits. Eligibility for registering as MSME based on investment Sector- Manufacturing Enterprise & Service provider Investment in P& M / Equipment - Micro < 1 Crore, Small < 10 Crore, Medium < 50 Crore Turnover-Micro  < 5 Crore, Small< 50 Crore, Medium< 250 Crore *Both the criteria have to have complied. Documents required for MSME registration 1. Aadhaar Card of the Proprietor / Partner / designated   partner / Director / Karta / Authorised Signatory. ( Depending on the nature   of the entity) 2. PAN card 3. Proof of address of the business. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. 4. Copy of sale and purchase bill. 5. MoA, AoA, or partnership deed or registration document. 6. Copy of bills and machinery purchased. Advantages of MSME · Priority sector lending. · Power tariff subsidy available. · Capital investment subsidies. · Direct tax exemptions. Disadvantages of MSME · Lack of access to capital sources. · Higher cost (economies of scale couldn’t be attained). · Less skilled workforce.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
3 minutes 42 seconds

Instade Knowledge Base (KB)
25.Registration of GST
If one has to do business in India, he has to get GST registration as it is the only tax levied on goods and services. For certain businesses, GST Registration is mandatory, however other businesses can opt for GST Registration voluntarily. Documents required for getting GST registration For Sole proprietorship/Individual business 1. Passport size Photograph of the Proprietor. 2. PAN Card of the Proprietor 3. Aadhaar of the Proprietor 4. Address proof of the Proprietor. · In the case of leased/rented property, the copy of the lease deed/rent agreement for along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 5. Bank account details. 6. Authorisation Letter. For Partnership Firm 1. Passport size Photograph of all the partners. 2. PAN Card of the Firm 3. PAN Card of all the Partners 4. Aadhaar Card of the Authorised Signatory 5. Address proof of all the Partners like Bank Statement, Utility Bill, aadhaar card 6. Partnership Deed 7. Address proof of the Principal Place of business of the Firm: · In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 8. Bank account details. 9. Letter of Authorisation. For LLP’s 1. Passport size Photograph of all the Designated Partners. 2. PAN Card of the LLP 3. PAN Card of all the  Designated Partners 4. Aadhaar Card of the Designated Partner 5. Address proof of all the Designated Partners like Bank Statement, Utility Bill.  6. Copy of LLP Agreement 7. Address proof of the Registered office of the LLP: · In the case of leased/rented property, the copy of the lease deed/rent agreement along with a NOC from the Landlord and EB bill/property tax receipt/water bill copy of premises. · In case of own property, copy of sale deed along with the   EB bill/property tax receipt/water bill premises. 8. Certificate of Incorporation 9. Bank account details. 10. Board Resolution for Authorisation                      Advantages of GST registration · Ease of doing business. · Saving of money. · Elimination of multiple taxes. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
6 minutes 21 seconds

Instade Knowledge Base (KB)
24. Getting Import Export Code (IEC)
Import Export Code is obtained for selling goods or providing services internationally. One cannot sell goods in a foreign market without IEC whether in big or small amounts. It is a 10 digit number issued by the Directorate General of Foreign Trade (DGFT), Government of India to a person who does import or export goods or services from abroad. Documents required for getting IEC. 1. PAN card of the business  / Proprietor. 2. Photograph of Director / Proprietor / Designated Partner / Partner / Authorised   Signatory / Karta, (depending on the form of entity) 3. Proof of identity of the Director / Proprietor / Designated Partner / Partner   / Authorised Signatory / Karta. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required. 4. Proof address of the business: · In the case of leased property, the copy of the lease deed along with an EB bill/water bill /telephonic bill. · In case of own property, copy of sale deed along with the   EB bill/ water bill / telephonic bill. 5. Current Bank account number along with the canceled cheque. 6. Banker’s certificate. 7. Registration Certificate / Documents  of the business like COI, Partnership deed, Trust Deed, Society registration certificate, (depending on the form of an entity) 8. Cover letter of the company for issuing IEC. Process of getting IEC The process of getting an IEC is very easy. We just need to submit the IEC application to DGFT along with the required documents and prescribed fees. The DGFT after verification will issue the code. Importance of having IEC. · Acts as a license for doing business internationally. · Clearing of goods from custom is done by IEC. · Companies can enjoy various benefits by having IEC. · It restricts the transport of illegal goods. · No hassles for updating, filing, and renewal of IE Code registration. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker  
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3 years ago
3 minutes 3 seconds

Instade Knowledge Base (KB)
A collection of Articles, Updates and other informational Podcasts altogether at a single place.