Posts

Showing posts from January, 2024

Comprehensive Guide to MSME Registration and its Advantages

Image
Benefits of MSMEs, MSME advantages in tendering, advantages for MSME units, perks of MSME registration in Delhi, tax incentives for MSMEs, process of MSME registration , and MSME programs. While the registration of an MSME is not legally mandatory, opting for registration can unlock numerous benefits provided by the government. Collateral-free loans from banks: The Government of India introduced the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) to offer collateral-free credit to the micro and small enterprise sectors. Both new and existing enterprises are eligible for coverage under this scheme. Substantial 50% subsidy on patent registration: Enterprises holding MSME Registration Certificates can avail of a 50% subsidy for patent registration by applying to the respective ministry. 1% interest rate exemption on overdraft: Enterprises with MSME Registration can benefit from a 1% interest rate exemption on overdrafts, subject to the terms and conditions...

Who is Eligible to Obtain Trademark Registration in Delhi?

Image
Trademark registrations are commonly utilized for safeguarding brands, slogans, or uniquely coined words. In India, individuals, businesses, and non-profit organizations can obtain trademark registrations . However, each category of the applicant has distinct requirements for filing a trademark application. The following entities are eligible for obtaining trademark registration in Delhi: Individual: An individual, even if not engaged in any business activities, can apply for a trademark application and obtain registration for a symbol or word intended for future use. Joint Owners: If two individuals decide to file a trademark application together, the application must include the names of both individuals. Proprietorship Firms: When filing a trademark application for a proprietorship firm, the application must mention the full name of the applicant. Partnership Firm: In the case of a trademark application for a partnership firm, the application should list the names of all partner...

Understanding FSSAI License and Registration: Guide for Food Business Operators

Image
As per the Food Safety and Standards Authority of India (FSSAI), every individual or business involved in the food industry must obtain a license or registration. Put simply, if you deal with any food items, you are required to have an FSSAI registration or license. Types of FSSAI License/Registration: Registration: Small food business operators with an annual gross turnover below 12 lakhs do not require an FSSAI license but must obtain FSSAI registration. State License: Generally applicable to medium food business operators with an annual gross turnover between 12 lakhs and 20 Cr. Central License: Large business operators are required to obtain a central license. Documents needed to apply for a new FSSAI License/Registration: For Registration Certificate: Form A (Generated after submitting all the necessary documents) Photograph of the Food Business Operator Identity Proof (e.g., Aadhaar Card, Voter Card, PAN Card, etc.) Trade License For State License: Form B (Generated af...

Winding up of Company: Understanding the Methods and Process

Image
The process of terminating the legal existence of a company, as mandated by law, is referred to as the winding up of a company . There are several methods through which a company can be wound up: Compulsory winding up by the court Voluntary winding up Winding up under court supervision COMPULSORY WINDING UP BY THE COURT: A court can order the winding up of a company under the following circumstances: If a special resolution has been passed, seek court intervention for winding up If the company is unable to settle its debts If the company fails to submit the statutory report to the registrar VOLUNTARY WINDING UP: A company can opt for voluntary winding up in the following situations: The company may choose to wind up upon the expiry of a predetermined period It may decide to wind up upon the occurrence of a specific event that triggers dissolution If the company passes a special resolution to wind up WINDING UP UNDER THE SUPERVISION OF A COURT: In certain cases, a court ma...