Registration

Registration

Startup Registration

Description

A startup entity is a newly formed entity not resulting from split up or restructuring of existing business. The company should not be 10 years old and having a turnover of less than Rs. 100 crore. To register as a startup entity structure, the business should be either a Private limited or LLP or registered partnership firm. The entity should have a plan or improvement of innovative products or services with a scalable business model and a high potential for creating wealth & employment.

Registration Process

  1. Registration of a startup can be done online using "Shram Suvidha Portal" of the Ministry of Labour and Employment
  2. After successful login, click the link “Is Any of your Establishment a StartupRs”
  3. Then the registration can be done by following the instructions.

Benefits of Startup registration

  1. 3 years tax holiday in a block of seven years
  2. Exemption from LTCG up to Rs. 50 lakhs if invested in prescribed manner for a period of 3 years
  3. Exemption on LTCG on sale of residential property if such gains are invested in eligible startups
  4. Restriction of holding 51% of voting right U/s79 is relaxed in case of startup for carrying forward losses.
  5. Startup can apply for Govt. tender and exempt from prior experience/turnover criterion
  6. No inspection will be for the first three years regarding labour laws.
  7. Self-compliance and Self-certify under 3 Environment Laws
  8. Closure/Winding up will be a quicker process – Just in 90 days!
  9. 80% rebate in patent fees.
  10. Creation of numerous incubators and innovation labs, events, competitions and grants.

MSME Registration

In order to promote the small industries, Government of India (Central as well as State) has announced various benefits to Micro, Small and medium enterprises. MSME registration, though not a statutory requirement to register, but important to avail the benefits announced by government from time to time like low cost finance, priority in e-tender, ensuring timely payment from debtors etc. State Government and Union territories provide incentives to MSMEs in terms of tax subsidies, power tariff subsidies, Capital investment subsidy etc.


FSSAI Registration

Description

In India, registration with the Food Safety and Standards Authority of India(FSSAI) is mandatory for every person involved in the food business. It can be food processing, food manufacturing, packaging, or distributing. FSSAI registration is a must to run a food business.

Food Safety and Standards Authority of India(FSSAI) checks the quality of food products being produced or processed by various food operators. Food license/registration is based on the following parameters – 1. Turnover. 2. Scale of business. 3. Type of activity.

 

FSSAI issues three types of license based on the nature of the food business and turnover:

  • Basic Registration: For Turnover less than Rs12 Lakh
  • State License: For Turnover between Rs12 Lakh to Rs20 Crore
  • Central License: For Turnover above Rs20 Crore

Other criteria like the location of the business, number of retail stores, etc., are needed while evaluating the nature of the license application.

Normally the license is granted for a period of one year to five years.

In 2021, to benefit industries involved in manufacturing, handling, packaging, and selling food items, FSSAI decided to grant perpetual licenses to restaurants and food manufacturers to file their returns every year.

If a Food business operator fails to register themselves with FSSAI and continues to manufacture, trade or distribute any food article/item, then they may be fined, which may extend to Rs. 5,00,000. and imprisoned for a term of 6 months.


Trade Mark Registration

Description

Trademark is an intellectual property and recorded as an intangible asset in books of account. It distinguishes your business from others.

Trademark can be owned by an individual, any legal entity or by a business organisation. It can be used on any label, packing or the product itself.

Trademark identifies the owner of a product or service and it can be given to others under licencing agreement.

Trademark is not limited to a name, symbol, image, logo or a combination of all or any of these elements. It extends to a tagline, colour mark or a sound mark.

Normally two types of symbols are associated with a trademark, ™ (the trademark symbol)  and ® (the registered trademark symbol). Former can be used once the trademark is applied for and later one can be used only when someone owns it i.e. registration is received by the applicant and applicant is now the owner of the trademark.

Once the trademark is registered, it gives you the right to sue against others who try to copy your trademark. Further, it prevents others from using a similar trademark to the one registered by you.

Benefits of trademark

a. Identity of your product, brand value

b. Intellectual property or intangible asset – can be sold off or licenced out

c. Distinguish your product from others

d. stay ahead of the competition.

Process of registration of Trademark

a. Select trademark

b. select the class under which trademark to be registered

c. FIle application of trademark

d. Trademark objection and opposition of same

e. registration of Trademark if successfully oppose the registration.

 
     
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