MSME is basically known as Ministry of Micro, Small & Medium Enterprises. MSME falls under micro, small & medium sized enterprises. MSME enterprises are the strength of any economy and are an engine of economic growth. Therefore, with the help of various schemes and subsidies, the Government of India promotes MSME through MSMED Act. And MSME registration is necessary to avail the benefits under the MSMED Act from the banking sector, central or state Government. MSME registration is simply an optional registration that provides Micro, Small and Medium sized enterprises with various benefits like subsidies and schemes. MSME is classified in two categories that is manufacturing enterprises where the enterprises engaged in the production or manufacture of goods and service enterprises in which the enterprises engaged in the business of providing or rendering of services or in simple words, it is defined in terms of investment in equipment. Now you can get MSME registration very easily.

MSME enterprises of manufacturing sector can be categorized on the basis of amount invested in plant and machinery –

  • Micro enterprises– Entities investing less than ₹ 25 lakhs in plant and machinery
  • Small enterprises– Entities investing between ₹ 25 lakhs and ₹ 5 crores in plant and machinery
  • Medium enterprises– Entities investing between ₹ 5 crores and ₹ 10 crores in plant and machinery

MSME enterprises in the service sector can be categorized on the basis of amount invested in equipment-

  • Micro enterprises– Entities investing less than ₹ 10 lakhs
  • Small enterprises– Entities investing more than ₹ 10 lakhs but less than ₹ 2 crores
  • Medium enterprises– Entities investing ₹ 2 crores but less than ₹ 5 crores.    

Documents Required

 

The entity has to submit business address proof, copies of purchase and sale bill, and licenses from regulatory bodies.

1. Business Address Proof

If the premise is self-owned– Allotment letter, possession letter, lease deed or property tax receipt. If there is a municipal license in the business name or in the name of the proprietor, partner or director of the business, no other possession document is required to be submitted.

If the premise is rented– Rent receipt and a no objection certificate from the landlord is required. Also, any utility bill or document evidencing the landlord’s ownership is to be submitted.

2. Copies of Sale Bill and Purchase Bill

Business is required to submit copy of sale bill related to each end product that it will supply. Also, for each raw material that it will purchase, a purchase bill has to be submitted.

3. Partnership Deed/ MoA and AoA

If the business is a partnership firm, it has to submit its partnership deed. If the partnership firm is registered, it has to submit registration certificate also.

In case of a company, copy of Memorandum of Association and Articles of Association, and certificate of incorporation has to be submitted. With it, copy of the resolution passed in general meeting, and a copy of board resolution authorizing a director to sign the MSME application is also to be submitted.    

4. Copy of Licenses and Bills of Machinery Purchased

In few cases, the applicant has to submit a copy of industrial license which is to be obtained by giving an application to Govt. of India. Further, all bills and receipts related to purchase and installation of plant and machinery have to be kept safe and required to be submitted on demand.  

 

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensivemulti-stagedestination-based tax that is levied on every value addition.

In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India.

GST is one indirect tax for the entire country.

The long-awaited goods and services tax is a reality now, which subsumes most of the indirect taxes in it. While tax base will increase the complication of compliance is set to reduce. Now the tax is not on manufacturing, sale or provision of service but is on supply. The system of GST is such where the credit of the GST paid on Inward Supply can be set off towards the GST on outward supply where the chain of tax credit needs to remain intact. Under the new tax regime, all persons involved in the supply of goods or services are required to obtain registration of GST. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST. However, for northeastern states, it is 10 Lakhs. The registration must be applied within 30 days of reaching the threshold limit. For GST, the term Aggregate Turnover means all supplies made by the taxable person whether on his own or behalf of a principal. However, in case of registered job worker, the turnover of supplies under job work won't be included in his turnover.

we assist in regulatory compliance as well as advisory on Goods & Services Tax (GST) on your business to help you prepare for the new environment.

 

A trust is an agreement between people (called trustees) to manage property over which they have control either to benefit other people (called beneficiaries) or for charitable purposes. A groups of trustees may be incorporated as a board under the Charitable Trusts Act 1957 if the objects are charitable. 
Some common characteristics of trusts incorporated under the Charitable Trust Act 1957 are:
has a board of at least two trustees; 
must have charitable purposes; 
has its trustees make the major decisions; 
is set up under a trust deed which outlines how it operates; 
often has more limited community or member involvement than incorporated societies; 
its assets can be used to meet its debts, but if it is incorporated and trustees have acted responsibly, they are unlikely to be personally liable; 
Trustees are generally not accountable in specific ways unless the deed specifically set these out; 


it can be legally wound up at any time, unless a specific term for its existence has been stipulated in the trust deed (more common in private Trusts); 
it needs to be registered separately with the IRD to be exempt from payment of tax.
List of documents required to register a charitable trust 
1. Original Trust Deed or a certified copy. 
2. Application for Incorporation of Trustees as a Board The application must be signed by the majority of trustees. 
3. Statutory Declaration. The statutory declaration states: whether any Trustees hold any property as trustees for other trusts; that at a meeting of the Trust a resolution was passed approving incorporation; and that the person making the Declaration has been approved by the Trustees to make it. 
4. You also need to provide the Companies Office with a registered office. Your registered address must be a street address. A postal address may be provided in addition to this.

Steps to registering a charitable trust
As outlined below in the Flow-chart of steps to registering a charitable trust, once you have decided to set up a charitable trust you need to:
1. Develop a set of rules. The Charitable Trust sample rules and guide in the Template section of this How-to Guide give a useful example of trust deed clauses and what they mean. 
2. Complete the other documentation listed below. These can be printed off and completed by hand. 
3. Obtain approval for the deed as outlined in the following flow-chart. 

An NGO stands for Non-Government Organization. The term NGO originated from the United Nations (UN), and is normally used to refer to organizations that do not form part of the government and are not conventional for profit or business. Today there is need for the betterment of the underprivileged section of the society. This need can be satisfied using non-profit organization.

 

Today there is a need of genuine NGO for developing India. A good NGO can change the society to a great extent. If there is no poverty in USA or England, this is also because of a lot of professional NGOs running there. Whenever there is an issue in these countries, NGO always comes forward to eradicate the problem. There are Ngos that run rehabilitation centers, disaster control Ngos and much more in such countries. If India needs to be developed, a professionalism is required by leading NGOs in India.

 

Earlier NGO was run solely by the charismatic leader or their team. Nowadays the working style of most of NGO has changed. They are hiring professional management teams to run day to day activities of NGOs. This has brought a lot of change in the functioning style of NGO. This is the game changer or path changer in NGO sector. Nowadays, NGO has become very much professional due to such style of functioning. This has helped in the innovation of NGO.

Broadly, NGO Registration in India can be done under the following methods:-

TRUST

One possible way in which you can register a Non-Government Organisation is by registering it as a trust. This kind of method is used by NGOs who work with eradicating poverty, giving education and providing medical relief. You might want to note that trusts are irrevocable. This means that they cannot change or terminated without the beneficiary's permission.

Although there is no national law that governs trusts, States like Maharashtra and Gujarat have Public Trust Acts to look into the affairs of NGOs.

SOCIETIES

Societies can be referred to member-based organizations for charitable purposes. They are run by a governing body or a managing committee.

Unlike with trusts, all societies come under the preview of Indian law. Societies in India come under the Societies Registration Act, 1860.

SECTION 8 COMPANIES

A Section 8 Company has limited liability and cannot make any profits. It is generally formed for promoting science, art, commerce, charity, religion or any other purpose that is useful to society.

When compared to Societies and Trusts, Section 8 Companies have more benefit in the sense that they have more legal standing and better credibility among government bodies and donors.

 

Basically, a trademark is a “brand” or “logo” that you can use to distinguish your product from those of your competitors. Through trademark registration or you can say logo registration/brand registration, you can protect your brand or logo by restricting other people from using the same. For e.g. the logo of NIKE and their tagline JUST DO IT is a registered brand name. By trademarking your logo or brand, you are providing it protection as it is illegal to use the same logo or tagline.

A trademark grants you commercial rights to sell a particular brand name in a certain sector of the economy. There are 45 sectors and each sector is called a class. For instance, Class 28 refers to Toys, Games, and Sports. So if you want to protect your toy brand, you need to make an application under Class 28 and get exclusive commercial rights, to sell your brand of toys under that class.

A registered trademark is an intangible asset for a business and is used to protect the company’s investment in the brand or symbol. After Trademarking your logo or brand, a registered TM number which works as trademark license is assigned within a period of three days by Trademark department but it takes almost two years for it to be registered so that you can use to use ® symbol with your brand name. It is always advised to get Trademark registration or brand name registration because getting your company registered will not protect your brand against those who might initiate using identical or similar marks. Before trademarking, make sure to check trademarks availability and it should be your first priority if you want to start a company. Trademark public search is an important step before trademark registration. You need to do a close search for trademark name as it will help you to avoid future problems.

Trademarks not officially registered can instead be marked with the trademark symbol™, while unregistered service marks are marked with the service mark symbol ℠. The proper manner to display these symbols is immediately following the mark, and is commonly in superscript style but is not legally required.

The registered trademark symbol was originally introduced in the Trademark Act of 1946.

A trademark identifies the brand owner of a particular product or service. Trademarks can be used by other's under licensing agreements; for example, Bullyland obtained a license to produce Smurf figurines; the Lego Group purchased a license from Lucasfilm in order to be allowed to launch Lego Star Wars; TT Toys Toys is a manufacturer of licensed ride-on replica cars for children. The unauthorized usage of trademarks by producing and trading counterfeit consumer goods is known as brand piracy.

The owner of a trademark may pursue legal action against trademark infringement. Most countries require formal registration of a trademark as a precondition for pursuing this type of action. The United States, Canada and other countries also recognize common law trademark rights, which means action can be taken to protect an unregistered trademark if it is in use. Still, common law trademarks offer the holder in general less legal protection than registered trademarks.