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What are the initiatives in the MSME segment in India?
For a nation to develop, the legislature ought to effectively advance business ventures. Among business undertakings, the Micro, Small and Medium Enterprises (MSME) merit extraordinary consideration. In spite of the fact that MSMEs are little speculation ventures, yet their commitment to the Indian economy is exceptionally noteworthy.
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which was notified on October 2, 2006, deals with the definition of MSMEs. The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based on
a) the investment in plant and machinery for those engaged in manufacturing or production, processing or preservation of goods
b) and the investment in equipment for enterprises engaged in providing or rendering of services
Late Initiatives
· As a major aspect of the National Manufacturing Competitiveness Program (NMCP) – 10 explicit activities were taken to upgrade the intensity of the whole esteem chain of the MSME division.
· Constrained Liability Partnership (LLP) Act, 2008 was acquainted with empowering early corporatization of MSMEs and tap the capital market for raising support. In like manner, MSME stages are made in BSE and NSE in 2012.
· To build up a guide for the improvement and advancement of MSMEs, a team was made by the Prime Minister of India in 2009. The Task Force, which involved, among others, six explicit subject-based sub-gatherings (using a credit card, advertising, foundation, innovation, attitude improvement, leave approach, work, and tax assessment) presented its report in 2010 recommending:
(1) Immediate strategy measures
(2) Medium-term institutional measures
(3) Legal and administrative structures to make a favorable situation for enterprise and development of MSMEs.
· The Inter-Ministerial Committee for Accelerating Manufacturing in Micro, Small and Medium Enterprises made proposals on – (a) the advancement of new businesses (b) encouraging task and development (covering credit, innovation, and advertising) (c) conclusion and leave (d) work laws and guidelines.
· These strategy activities are clear and reliable, went for changing the biological system for the MSMEs division by impacting: (1) Birth (empowering Start-Ups) (2) Operations and development (by improving laws and guidelines, and encouraging their entrance to credit. Better innovation and dynamic markets, aside from gifted work and dependable framework) (3) Orderly and simple exit
· In this manner, the developing focal point of India's MSME arrangement goes for covering the whole lifecycle of MSMEs to guarantee a solid, energetic and aggressive MSME division.
Conclusion: MSMEs are instruments of comprehensive development which contact upon the lives of the most powerless and underestimated. For some families, it is the main wellspring of occupation. Along these lines, rather than adopting a welfare strategy, this division tries to enable individuals to break the cycle of neediness and hardship. It centers around relationship-building abilities' and office. Notwithstanding, various fragments of the MSME segment are overwhelmed by various social gatherings. Bds Legal is redefining its identity as registration consultants in India. It has its MSME registration office in Pune. We offer the cohesive benefits of MSME registration.
Benefits of MSME registration:
· If a memorandum is filed by the MSME, then it is liable for timely payments by the buyer.
· Certain exemptions under Excise Scheme and Direct Tax Laws are provided.
· Finance from banks is easy to obtain due to Government support. The lower rate of interests is also observed.
· Preference is given in Government tenders and a concession in electricity bills is also given.
· Statutory support is provided. It includes reservation and interests on The Delayed Payments Act.
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HSA India
HSA India – Best DOT OSP Consultants in India - Call: 9764444590, 8080633633 - http://www.hsaindia.in/
HSA Consulting India offers Company Registration, OSP Registration GST Registration, Tax consultancy, FSSAI License, Liquor License, IEC Code, Trademark, Shop & Establishment Registration, Udyam MSME Registration and Consultation Services in India.
HSA Consulting India is a Company Secretary and Consultancy Services firm based in Pune – with offices in Mumbai, Ahmedabad, and Delhi.We specialize in providing quick resolutions as well as guided support for dealing with the complexities of starting and running a business anywhere in India.
Our 30+ years of experience has given us a unique insight into the problems faced by new businesses. We understand what is required in all the phases of a company’s establishment and growth. We not only offer all the necessary services, but also advise and support throughout the process in a manner that is unique to our experience and our clients’ needs. Our many years of work and standing in this field has afforded us a singular understanding of regulations that apply to each industry and inner workings of the governmental bodies that regulate them.
From acquiring licenses and registrations to advising on governmental laws and regulations concerning your business, our highly specialized services are extremely affordable as well. A highly trained Client Liaison Executive is always accessible to answer all your queries and is just a phone call away.
HSA Consulting India
Office: Office No. 307, Jai Ganesh Vishwa, Vishrantwadi Square, Airport Road, Pune, Maharashtra 411015
Call: 9764444590, 8080633633
Website: http://www.hsaindia.in/
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Business setup
Business setup – Best DOT OSP Consultants in India - Call: 9156668806 - https://www.businesssetup.in
Business Setup offers Company Registration, ROC Compliances, GST Filings, TAX Filings, Trademark, Copyright, MSME Registration, IEC Code, OSP License, Startup India Registration, Valuation report for Startups, Legal Agreements and Business Consultancy Services in India.
Business Setup services cover all the legal needs of businesses, such as company registration, government registrations & filings, accounting, documentation and annual compliance’s. Our mission is to provide one-click access to individuals and businesses for all their legal & professional needs.
Business Setup are a team of Chartered Accountants, Company Secretaries and lawyers. We have our offices in Mumbai, Bangalore, Pune and Hyderabad. They are the only legal firm that provides free company registration services to all the Indian and Foreign Startups.
Business Setup has more than 12 years of experience and incorporated more than 5000 companies in India.
Business Setup have helped more than 1200 startups with legal documentation like preparing term sheets, shareholders agreements, private placement and rights issue.
Business Setup has assisted 1200+ companies with their regular monthly compliances like book keeping, GST returns, TDS returns, Tax filing and secretarial compliances.
Business setup
Offices:
Pune : 2nd Floor, Unique Chambers, Fergusson College Rd, Shivajinagar, Pune, 411004
Bangalore : 161/1,Pearlnaksha, 3rd Floor, 1st main Road, Sheshadripuram, Bangalore 560020
Mumbai : C/O S R Dhariwal and Co, 505, Arcadia, 195 NCPA Marg, Nariman Point, Mumbai
Call: 9156668806
Website: https://www.businesssetup.in
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'MADE BY MESSUNG' - PURSUING THE 'MAKE IN INDIA' DREAM
The domestic electronics hardware manufacturing sector faces a lack of a level playing field vis-a-vis competing nations. However, the vision of National Policy on Electronics 2019 (NPE 2019) is to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components and creating an enabling environment for the industry to compete globally.
Initiatives like 'Make in India, 'Digital India' and 'Startup India' are providing the sorely needed push to the Electronics System Design and Manufacturing (ESDM) sector in India. Schemes such as Production Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters Scheme (EMC 2.0) have been launched to strengthen the ESDM ecosystem.
The PLI scheme, as its name suggests, is meant to provide companies incentives on incremental sales from products manufactured in domestic units. It aims to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing, Marking and Packaging (ATMP) units.
R&D too is being actively promoted under Make in India. The Dept. of Scientific and Industrial Research (DSIR) is operating schemes to grant recognition and registration to inhouse R&D units established by corporate industry. Once registered, such units are eligible for tax benefits in both direct and indirect taxes.
The ‘Make in India’ initiative and the ‘Atmanirbhar Bharat Abhiyaan’ (Self Reliant India Campaign) have played a key role in promoting business and local manufacturing in the country, giving special thrust to Micro, Small and Medium Enterprises (MSMEs).
The central government has also taken immediate response measures in the form of the Atmanirbhar Bharat Package to ensure continuity of businesses during the COVID-19 pandemic. Along with these measures, the Ministry of Micro, Small and Medium Enterprises also has numerous schemes in place to support the budding manufacturing units across the country.
‘MADE BY MESSUNG’
The Messung Group is making impressive headway with its own 'Make in India' initiative. Branded as 'Navonmesh', it is the beacon that drives Messung on its path of indigenous innovation. The aspiration is to develop and bring to market innovative products and solutions that are relevant, futuristic and cost-effective. Products with the exclusive ‘Made by Messung’ tag, that will enhance productivity and add value to Indian industry.
Currently, the Group has some exciting offerings under its Workplace Technology and Industrial Automation divisions, while R&D carries on relentlessly in other divisions as well.
Workplace Technology
Messung has set up an impressive ISO 9000 TUV certified manufacturing facility in Pune to produce world-class ESD and non-ESD workplace systems. Equipped with a smart design studio and state-of-the-art wood processing and aluminium processing machines, the facility designs and manufactures a wide rangeof standard and customised furniture under the name 'AFM-PLUS'.
The AFM-PLUS Series includes ESD chairs & stools in standard and high versions, besides aluminium ESD worktables, trolleys, portable test stations, storage racks and drawer cabinets with the latest volumetric ESD technology. These products provide world-class ergonomics, flexibility, and reliable ESD protection in the range of 104-108 ohms (IEC 61340-5-1 & ANSI ESD S20.20.2014).
AFM-PLUS also offers non-ESD workplace chairs, industrial worktables in aluminium and MS, and specialised storage trolleys, racks and material movement furniture for general industrial workplaces, workshops, shopfloors and offices.
Industrial Automation
Work is on apace at Messung's exclusive R&D and manufacturing centre for industrial automation solutions, and they hope to inaugurate the same in the first quarter of this year. Meanwhile, at their existing Technology Centre, Messung has developed a PLC system of futuristic IoT-based PLCs, local I/Os and remote I/Os. Branded 'XM-PRO 10', the system is designed for small to medium industrial automation applications in the Chemical, Textile, Automobile, Machine Tool, Plastic Moulding, Printing and other industries.
Compact and customisable, XM-PRO 10 is user friendly and flexible, with ready-to-use Modbus RTU/Modbus TCP and CANopen connectivity. Messung has also developed a Windows-based utility, XMPS-100 software that provides programming flexibility, online diagnostics functionality and much more.
CONCLUSION
The 'Made by Messung' endeavour is not a new one at Messung Group. Since its inception in 1981, Messung has pursued its passion of indigenous innovation, becoming the first indigenous PLC manufacturer in India. Today, 40 years down the road, the now-diversified conglomerate continues to build capabilities and infrastructure while developing world-class products and systems that promise real benefits for Indian enterprises.
#esd workstation#esd table#workshop table#industrial work tables#industrial table#esd task chair#lab table with drawers#plc manufacturers in india#iec 61439#esd products manufacturers in india#top 10 plc manufacturers#laboratory chairs#plc manufacturing company
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Online Apply Company Registration in Maharashtra
Online Apply Company Registration in Maharashtra
Are you looking for Company Registration in Maharashtra, and then this is the right place for you. There are so many different nature of business entity, which you can register in Maharashtra, like Section 8 Foundation, Nidhi Company, Partnership Company, Non Governmental Organization (NGO), OPC, Pvt Ltd Firm, Producer Company, Sole Proprietor, Limited Company, Limited Liability Partnership, etc. Maharashtra is one of the fastly rising State of Maharashtra and there are various clients in Maharashtra who has incorporated Business via Finance Bazaar. Right now financebazaar.com is the one of the Top Business formation service provider in Maharashtra, you can also see FinanceBazaar customer feedback on Google. As we all know Maharashtra is one of the top developing state in India where you can do your business very successfully. Firm formation in Maharashtra is not an simple step for each person, because there are so many proceedings that you need to follow and there are so many legal documentations that you must required to filled for whole Company registration. But you have not need to worry regarding anything, because FinanceBazaar.com is doing online Company establishment service in Maharashtra which you have not need to do anything. client have to submit only documents file and Government Cost and Chartered Accountant will care of rest. Basically Firm incorporation formalities takes 7 to 10 working days that rest depend on your coordination.
Here you will get Every Single instruction regarding
Online Process To Apply For Firm Registration in Maharashtra
What financebazaar.com will provide
PAN and TAN
MOA and AOA
DSC (Digital Signature Certificate) For Each and Every Directors
Certificate of Company registration
Share Certificates
GST Number (If required)
Following Information required for Company incorporation in Maharashtra
Business Name: - The Firm name which you need to incorporate will be decided by your side, but there are so many different factors for selecting the Business name. You can not use generic words and those words which are earlier registered or trademarked can't be allowable. Finance Bazaar Top CA will instruct you even in choosing Company name.
Authorized Capital: - Minimum 1 Lakh Authorized amount is required for Company formation in Maharashtra . You can enhance it as per your demand. But if you will extend authorized amount, greater than 10 Lakh, then registration duty will as well enlarge.
Paid-up Capital: - You can begin your Company from One Rupee paid-up capital in Maharashtra and you can enhance it as you need, but you should informed the paid-up fund money for life less than the Authorized money.
Number of Directors: - At Least two directors mandatory for Pvt Ltd Firm and only single director for One Person Company. In PVT LTD Company you can expand the number of directors till 15.
Business Activity: - This is an major segment of your Business, your business activity will identify the business class in which your Business name will be registered and it will even specified in MOA and AOA.
Office location: - The office address where you want to enroll your Company.
Each Directors mail and mobile number: - Every director mail and phone number necessary for Digital Signature Certificate (DSC) and Director Identification Number (DIN).
Documents Required for Business establishment in Maharashtra
These are some following documents file that you must have to submit for Business enrollment in Maharashtra:
Aadhar Card/Voter Card/Driving License/Passport of Every Single Directors
Pan Card of Each Directors
One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof
Updated Bank Statement of Each directors/Any Updated bill for address proof of Each directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.
Photographs of Each and Every directors.
For GST Registration Rent Agreement Between company name and owner of the property where company has registered.
Charges for Firm establishment in Maharashtra
Company Registration Cost in Maharashtra is approximately Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can differ as per your requirement. If we talk about pricing structure, then at the beginning 1000 rupees send to the Gov for Business name apply and you have two chances for your Business name confirmation, if your Business name is uncommon, then it can be permitted in first attempt. If two times your Company name has disapproved, then you must to pay 1000 rupees again to the Government for re-apply other name reservation. After Firm name confirmation you required to pay Gov registration duty that can be fluctuate as per your Authorized capital or state rules. All states have separate rules also Maharashtra concerning registration charges for Firm registration. If you want two directors in your Company, then approx 500 Rupees Every Single director Charges for DSC Token, if directors will increase, then the Digital Signature Certificate Token Fees will also increase accordingly. PAN & TAN Cost also collect by Government that will not be different. And last one our registration fees includes for doing and preparing all documents, documentation and further activity.
Finance Bazaar offered Following services in Maharashtra
Section 8 Company Compliances
Private Limited Compliance
Company Registration
NGO Compliances
One Person Company Compliances
One Person Company Registration
NGO Registration
Nidhi Company Registration
Sole Proprietor Registration
Producer Company Registration
LLP Registration
Director KYC Verification
Startup India Registration
Digital Signature Certificate
FCRA Registration
Copyright Registration
12A 80G Registration
Private Limited Company Registration
Society Registration
Section 8 Foundation Registration
Public Limited Company Registration
LLP Annual Compliance Service
DIN Activation
Public Limited Company Compliances
Change Company Address or Registered Office
Import Export Code | IEC Certification
Income Tax Return Filing
Trust Registration
Commencement of Business Certificate
MSME Udyog Aadhaar Registration
ISO Certification
Producer Company Compliances
GST Registration
Trademark Registration
GST Surrender
Food License (FSSAI) Registration
Change, Add or Remove Company Director
Chartered Accountant Consultation
Partnership Firm Registration
Nidhi Company Compliances
Change Company Name
GST Return Filing
Close or Winding Up Of a Company
FinanceBazaar provides Each services entire in India also Maharashtra in Every Single places like Wadgaon Road, Narkhed, Aurangabad, Nashik, Loha, Nandgaon, Nanded, Chandrapur, Uchgaon, Tuljapur, Arvi, Nandurbar, Navi Mumbaia Panvel Raigad, Shrigonda, Vasai-Virar, Bhandara, Uran Islampur, Mehkar, Jalna, Raver, Palghar, Nilanga, Bhiwandi, Nawapur, Pen, Pusad, Yawal, Parbhani, Shirdi, Pachora, Latur, Shrirampur, Wai, Warora, Pandharkaoda, Wardha, Mumbai City, Talegaon Dabhade, Ichalkaranji, Malegaon, Tasgaon, Shegaon, Tirora, Phaltan, Osmanabad, Vadgaon Kasba, Sindhudurg, Gadchiroli, Pandharpur, Dhule, Pathardi, Purna, Sangli, Akola, Rajura, Ozar, Mahad, Solapur, Manjlegaon, Mukhed, Ambejogai, Shendurjana, Washim, Panvel, Wani, Soyagaon, Kalyan-Dombivali, Pauni, Buldhana, Lonavla, Morshi, Sinnar, Amravati, Patur, Sangole, Pune, Malkapur, Ambernath, Paithan, Mhaswad, Raigad, Gondia, Pathri, Manmad, Shirpur-Warwade, Karjat, Sangamner, Thane, Mumbai, Yevla, Sawantwadi, Tumsar, Amalner, Mangrulpir, Hingoli, Savner, Manwath, Nagpur, Anjangaon, Ulhasnagar, Satana, Murtijapur, Lonar, Umarkhed, Yavatmal, Mira-Bhayandar, Pimpri-Chinchwad, Warud, Sillod, Sasvad, Beed, Satara, Kolhapur, Sangli-Miraj and Kupwad, Pulgaon, Uran, Mangalvedhe, Shirur, Umred, Shahade, Sailu, Navi Mumbai, Umarga, Risod, Rahuri, Vita, Mul, Akot, Ratnagiri, Ramtek, Bhusawal, Nandura, Jalgaon, Partur, Ahmednagar, Vaijapur, Talode, Parli, Maharashtra, Mumbai suburban, etc.
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To get all the benefits under the MSMED Act from the central or state government and the banking sector, MSME/ Udyog Aadhar registration is necessary. MSME is Micro, Small and Medium Enterprises and any type of enterprise which falls under any of the 3 categories. MSME sector has now emerged as a dynamic sector in the Indian economy over a few decades.
MSME/ Udyog Aadhar/ SSI registration
Any MSME in the service and manufacturing sector can obtain the MSME registration. It is used with SSI interchangeably that stands for Small Scale Industries. This registration is not statutory but it is beneficial for business as it gives a range of benefits like eligibility for capital investment subsidies, tax subsidies, power tariff subsidies, lower rates of interest and other support.
All the MSMEs are like a backbone of any economy because they are an engine of promoting equitable development, economic growth and job opportunities at small scale. To support MSMEs, Indian Government has started various schemes and subsidies through the MSMED Act. It is an optional registration but hosts multiple benefits which are why all MSMEs do registration.
To be applicable as an MSME, the enterprises need to have less than Rs. 10 crores of investment in plant and equipment. Service enterprises need to have an investment of less than 5 crore INR of investment in equipment and plant.
Legal Way is an eminent platform for all types of ideas and progressive concepts that need end-to-end incorporation, advisory, compliances, and management consultancy services. MSME registration is seamless, easy and the cheapest with Legal Way!
Get a free consultation for MSME registration in India from us by scheduling an appointment, today.
Contact info
108/23, Shivganga, Bharti Niwas Colony, Income Tax Office, Prabhat Rd, Lane 14, Erandwane, Pune, Maharashtra-411004.
+ 91 9022788113
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Do you know the beneficial piece of Indias inheritance economic model and a part of the critical supply chain for products and services, Thats MSME. MSME has initiated in the year 2006 in India. There are still some service sectors that was not yet involved in this sector was included in the
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company registration delhi
company registration delhi
A private limited company is a company privately held for small businesses. The Name of the Company shall end with Private Limited. This type of business entity limits owner liability to their shareholdings. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A Private Limited Company gives a separate legal entity for the Promoters to excel in their area of Operations.
Advantages Of Pvt Ltd Company Registration
· Separate Legal Entity
· Minimum Share Capital Requirement
· Only two members Required
· Continuing Existence
· Limited Risk to Personal Assets
· Trust Factor
Documents required for Pvt Ltd Company Registration
· Identity and Address Proof of the Directors or Members
· Email id / Contact No of the Directors or Members
· Passport Size Photo of the Directors or Members
· Utility Bill for the registered Office (not more than 2 months)
· No Objection Certificate from the Owner
· Filing of the Necessary Forms with the Ministry
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Significance of MSMEs in India
Every country’s economic aspirations are stapled on its young, small ventures. The Indian government, with this in mind, provides many advantages to such firms so that they may accomplish development with fewer hassles. To avail of these advantages, the firms that certify must get an MSME or SSI Registration (regulated by the MSMED Act), which is amid the easiest of government registrations to be awarded.
Significance of MSMEs in India
Micro, small and medium enterprises (MSMEs) power India, reckoning for almost 40% of the gross industrial value and 45% of total direct and indirect exports. Hence, the government has initiated various schemes and helps to guarantee the MSME lead a compete free survival in the country, and also distribute, to the Indian Economy. Some of these schemes have been launched by the central government, while others are encouraged by the state government. To avail of them, but, you require a Udyog Aadhar registration.
Benefits of an MSME Registration
Benefits from Banks: All banks and other financial institutions identify MSMEs and have generated special schemes for them. This normally involves priority sector lending, which means that the probability of your venture being permitted a loan is high and lower bank interest rates. There may also be better treatment in case of postpone in a refund.
Tax Benefits: Relying on your venture, you may relish an excise exception scheme as well as exemption from certain direct taxes in the incentive years of your business.
Benefits from State Governments: Most states provide those who’ve filed under the MSMED Act grants on power, taxes, and entry to state-run industrial estates. In specific, there is a sales tax exemption in most states and buy preference on goods produced.
Benefits from Central Government: The the central government, from time to time, intimate schemes to benefit MSMEs, such as the credit guarantee scheme:
Credit Guarantee Scheme (CGTMSE) One of the important competition that the small scale industries encounter is credit and input of income from various sources to guide them.
The Credit Guarantee scheme, introduced to guide MSME, comes with modifications to make it more important for small traders:
The salient schemes of the scheme include: 1. Increasing the optimal eligibility loan from Rs. 25 lakh to Rs. 50 lakh. 2. Lessening the one-time guarantee for loans availed of by the MSME in North-Eastern region of India from 1.5% to 0.75%. 3. Enhancing the extent of guarantee cover from 75% to 80% for: 4. Women functioned Medium and small scale enterprises 5. Micro enterprises, for loans up to 5 lakhs 6. Loans acquired in the North Eastern region of the country 7. Lessening the one-time guarantee fee for all loans availed in North Eastern India from 1.5% to 0.75%.
We, at BDS Legal Services, are MSME Registration Consultants and offer excellent support to our clients in obtaining MSME license.
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Business setup
Business setup – Best DOT OSP Consultants in India - Call: 9156668806 - https://www.businesssetup.in
Business Setup offers Company Registration, ROC Compliances, GST Filings, TAX Filings, Trademark, Copyright, MSME Registration, IEC Code, OSP License, Startup India Registration, Valuation report for Startups, Legal Agreements and Business Consultancy Services in India.
Business Setup services cover all the legal needs of businesses, such as company registration, government registrations & filings, accounting, documentation and annual compliance’s. Our mission is to provide one-click access to individuals and businesses for all their legal & professional needs.
Business Setup are a team of Chartered Accountants, Company Secretaries and lawyers. We have our offices in Mumbai, Bangalore, Pune and Hyderabad. They are the only legal firm that provides free company registration services to all the Indian and Foreign Startups.
Business Setup has more than 12 years of experience and incorporated more than 5000 companies in India.
Business Setup have helped more than 1200 startups with legal documentation like preparing term sheets, shareholders agreements, private placement and rights issue.
Business Setup has assisted 1200+ companies with their regular monthly compliances like book keeping, GST returns, TDS returns, Tax filing and secretarial compliances.
Business setup
Offices:
Pune : 2nd Floor, Unique Chambers, Fergusson College Rd, Shivajinagar, Pune, 411004
Bangalore : 161/1,Pearlnaksha, 3rd Floor, 1st main Road, Sheshadripuram, Bangalore 560020
Mumbai : C/O S R Dhariwal and Co, 505, Arcadia, 195 NCPA Marg, Nariman Point, Mumbai
Call: 9156668806
Website: https://www.businesssetup.in
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HSA India
HSA India – Best DOT OSP Consultants in India - Call: 9764444590, 8080633633 - http://www.hsaindia.in/
HSA Consulting India offers Company Registration, OSP Registration GST Registration, Tax consultancy, FSSAI License, Liquor License, IEC Code, Trademark, Shop & Establishment Registration, Udyam MSME Registration and Consultation Services in India.
HSA Consulting India is a Company Secretary and Consultancy Services firm based in Pune – with offices in Mumbai, Ahmedabad, and Delhi.We specialize in providing quick resolutions as well as guided support for dealing with the complexities of starting and running a business anywhere in India.
Our 30+ years of experience has given us a unique insight into the problems faced by new businesses. We understand what is required in all the phases of a company’s establishment and growth. We not only offer all the necessary services, but also advise and support throughout the process in a manner that is unique to our experience and our clients’ needs. Our many years of work and standing in this field has afforded us a singular understanding of regulations that apply to each industry and inner workings of the governmental bodies that regulate them.
From acquiring licenses and registrations to advising on governmental laws and regulations concerning your business, our highly specialized services are extremely affordable as well. A highly trained Client Liaison Executive is always accessible to answer all your queries and is just a phone call away.
HSA Consulting India
Office: Office No. 307, Jai Ganesh Vishwa, Vishrantwadi Square, Airport Road, Pune, Maharashtra 411015
Call: 9764444590, 8080633633
Website: http://www.hsaindia.in/
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Why the MSME Registration is Important for Organizations?
MSME stands for Micro, Small and Medium Enterprises. The MSME registration is a legal procedure to register the micro, small and medium enterprises under the Ministry of Micro, Small and Medium Enterprises.
The MSME organizations receive numerous benefits for registering and being a part of the Ministry.
The numerous advantages of MSME registration are:-
Financial Assistance
The MSME registered organizations get priority lending from government banks for their business operations. The banks also provide short-term financing to the MSME registered companies. They can eventually develop their companies to grow much bigger with the financial aid and assistance being provided by the Government.
Lower Interest Rates
The MSME registered companies are provided higher credit with a significantly lower interest rate. This enables organizations to function more effectively and develop at a faster pace.
Income Tax Exemption
The MSME registered companies can enjoy the privilege of tax exemption and the ones that are not registered as MSMEs will have to pay taxes in lakhs.
Trade Matters
The Government extends support to the MSMEs to promote their products or services in various exhibitions and drive more sales. The Government also provides certain incentives for the export of good or services. The trade relations with different countries is also enhanced with the classification of Micro, Small and Medium enterprises.
Infrastructure
The Government provides the MSME organizations with capital and other grants that would help boost the infrastructure at environmental as well as technical level. The Government also aims at boosting the entrepreneurial spirit in the entire nation.
Ahead of Competition
The MSME registration provides the organizations with exclusive purchase preference policy and that helps the organizations to stay ahead of the competition.
MSME registration provides both monetary as well as non-monetary benefits. Hence, organizations need to get MSME registration.
BDS Legal Services is one of the leading MSME registration consultants with MSME registration office in Pune and across India.
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The MSME and Union Budget 2019
Micro, Small and Medium Enterprises (MSME) sector rises to be a productive sector in the Indian economy. They are a crucial part of executing employment programs in India.
The MSME base in India is the second-largest in the world. There are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in India.
The major takeaways from the Union Budget 2019 that are favorable to the MSMEs are:-
1. New payment platform
The Government has declared to develop a new payment platform for the MSMEs that would make the billings and business process easy.
2. Stand Up India Scheme
The Stand Up India Scheme has been extended to the year 2025.
3. Corporate Tax
The corporate tax has been lowered to 25% for companies with an annual turnover of 400 crores that was 250 crores earlier.
4. Skill development
The skill development programs focusing on new-age skills such as Artificial Intelligence (AI), Big Data, 3D Printing, Virtual Reality, Internet of Things and Robotics.
5. Fund Allocation
The Government of India has allocated Rs 350 crores under the Interest Subvention Scheme for the year FY 2019-20.
6. Pradhan Mantri Karam Yogi Maandhan Scheme
The pension benefit has been extended to 3 crore retail traders and small shopkeepers with an annual turnover of less than 1.5 crores.
7. Interchangeability of PAN card and Aadhar card
The Government has proposed interchangeability of PAN card and Aadhar card to file a tax return.
8. TDS imposition
TDS of 2% will be imposed on cash withdrawals exceeding Rs. 1 Crore in order to encourage a digital mode of cash payments.
9. Make in India
The 'Make in India' campaign is in focus on the Union Budget 2019 to develop the MSME sector.
BDS Legal Services a leading conglomerate in MSME registration consultants cater remarkable commitment as an MSME registration service provider.
BDS Legal Services is a leading national law firm in India comprising over numerous professionals, with offices for MSME registration in Pune.
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GST Registration online
SOLE PROPRIETORSHIP OR GST REGISTRATION
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under any other name which he wishes to register.
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.
Advantages PROPRIETORSHIP REGISTRATION OR GST REGISTRATION:
· It is the simplest and easiest form of business
· There is no legal distinction between the owner and the business.
· Easy to register.
· There are less legal compliances and regulation in comparison to company
· Only Income tax is required to be filed.
Documents required PROPRIETORSHIP REGISTRATION OR GST REGISTRATION
· Identity and Address Proof of the Proprietor
· Email id / Contact No of the Proprietor
· Passport Size Photo of the Proprietor
· Utility Bill for the registered Office (not more than 2 months)
· No Objection Certificate from the Owner
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GST Registration
SOLE PROPRIETORSHIP OR GST REGISTRATION
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under any other name which he wishes to register.
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.
Advantages PROPRIETORSHIP REGISTRATION OR GST REGISTRATION:
· It is the simplest and easiest form of business
· There is no legal distinction between the owner and the business.
· Easy to register.
· There are less legal compliances and regulation in comparison to company
· Only Income tax is required to be filed.
Documents required PROPRIETORSHIP REGISTRATION OR GST REGISTRATION
· Identity and Address Proof of the Proprietor
· Email id / Contact No of the Proprietor
· Passport Size Photo of the Proprietor
· Utility Bill for the registered Office (not more than 2 months)
· No Objection Certificate from the Owner
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llp registration
llp registration
LIMITED LIABILTY PARTNERSHIP REGISTRATION OR LLP REGISTRATION
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. LLP is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals. LLP is governed by the provisions of the Limited Liability Partnership Act 2008.
Characteristics of LLP REGISTRATION
· The LLP shall be a body corporate and a legal entity separate from its partners
· Every LLP shall have at least two partners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India.
· The LLP shall be governed by the provisions of the LLP Act, 2008 .
· Easy to Incorporate with much more less Compliances as Compared to a Company
· The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP.
· No requirement of minimum capital contribution
· It has a separate legal entity just like companies
Documents of LLP REGISTRATION Partners:
PAN Card/ ID Proof of the Partners
Address Proof of the partners
Residence Proof of Partners
Photograph
Passport (in case of Foreign Nationals/ NRIs)
Documents of LLP REGISTRATION:
Proof of Registered Office Address
Digital Signature Certificate
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