GIVE US YOUR THOUGHTS.
LETS TURN YOUR BUSINESS
IDEA INTO REALITY.

Our Services

COMPANY REGISTRATION

Businesswindo.com is online portal will help you out to start a business by registering it as per your requirement, We specialize in company registration with wide range of business entities like Private limited, One-Person Company (OPC), Limited Liability Partnership (LLP) or Sole Proprietorship Compan.

SECRETARIAL SERVICES

Within any organization, a Company Secretary’s duties include ensuring the integrity of the corporate governance frameworks, being responsible for the efficient administration of a company, ensuring compliance with statutory and regulatory requirements and implementing decisions made by the Board of Directors.

ACCOUNTING & AUDIT

At Businesswindo.com you can avail a package where all your tax related needs will be sorted out so you can concentrate to grow your Business. We help you get your books of accounts audited by qualified professionals on our panel eligible to provide - Statutory Audit, Tax Audit, Internal Audit and Management Audit.

INTELLECTUAL PROPERTY

Will help you out to protect your ideas let it be in the form of a Brand Name, Design, Logo or a New Invention . We have a specialized team of Trademark Agents, Patent Attorneys and Corporate Lawyers to serve you better.

TAX & GOVERNMENT REGISTRATION

At Businesswindo.com we also assist to obtain various Tax Registration and also to file the tax returns on time let it be your Value Added Tax, Service Tax, Income Tax, Professional Tax ,FSSAI License, Import Export Code and more.

LEGAL SERVICES

Our experts will help to prepare IP Violation notice, NRI immigration services and drafting of Legal Documents, Agreements like Vendor Engagement Agreement, Confidentiality and Privacy Agreements with employees and associates.

Most Trending Services

.
.
.
.
.
.

About Business Windo

BusinessWindo.com is a unique platform which provide opportunities to young & aspiring minds. It offers online consultation, to budding entrepreneurs pan India, in overcoming the initial formalities of starting a business. This is an initiative to utilise the bandwidth of legal and financial fraternity in business, by lending support to the start-ups under one roof. This one-of–its-kind platform, comprises of legal and professional experts who helps these business set ups.

BusinessWindo.com is a unique venture with an initiative to serve start-ups and new business set ups and support them with services such as New company incorporation, Tax registration, Filing of various taxes, Secretarial services, Chartered accountant services, Trademarks, Copy right, Patent and many more at affordable charges with better transparency.

Unlike other service providers, BusinessWindo provides more than 50 services to its users. In addition, all services are relatively affordable compared to the market and still maintaining the high quality standards.

With a team of young, energetic team it focuses on providing hassle free, transparent online services on www.BusinessWindo.com at affordable price.

.

Why Choose Business Windo?

.

Value for Money

Handled 1000+ projects and delivered substantial results.

No Hidden Costs

All-round performance throughout toughest challenges and risks.

100% Clear Documents

Our esteemed client’s proposition and absorb their valuable inputs.

Thousands of Happy Clients

Retain customer loyalty by providing consistent efforts and ideas.

Promise best Quality.

Assure complete confidentiality of information shared with us.

24x7 SUPPORT & ASSISTANCE

Troubleshoot service-based problems & help resolve discrete technical issues.

One of the first reasons for which you should choose Businesswindo.com is because it is a capable organization in various areas of business such as Company Registration in Bangalore and GST taxation matters. The organization uses qualified professional experts in the domain of company registration to make your company registration process much smoother than before. The company provides you value for money and in this day and age this is one value that is cherished so highly. When you do business with us you can be sure that there would not be any hidden costs whatsoever and your documents would be cent per cent clear as well. This will make sure that you do not face any problem later on.

We have been in the business for a long period of time and as such we have associated with plenty of entities. They have been happy with the services that we have provided to them and this has cemented our position as a market leader in our chosen domains. More than anything else, we are committed to providing you the best service that we can – in terms of commitment and quality. When we are working with you, your problems are our problems and we would always make our best attempt to solve them to your utmost satisfaction.

Info-cafe

GST E-Way Bill What You Need to Know?

GST E-Way Bill  What You Need to Know?

What is e-way bill?

The e-way bill is basically an electronic way bill that deals with movement of goods. The bills can be generated at the portal that has been specifically created for this purpose. As per laws, goods worth in excess of INR 50,000 can only be transported in India by a registered individual who has the e-way bill. The bill can be generated, as well as canceled, via SMS (short message service). When you generate such a bill you get an e-way bill number (EBN), which happens to be a unique number, is generated. This number is only made available to the suppliers, the transporters, and the recipients.        

Who should generate an e-way bill and why?

A person registered under GST must generate an e-way bill when she or he is moving goods that are worth more than INR 50,000. It could be moved from another registered person or to such an individual. However, a registered person, as well as a transporter, might also generate such a bill and carry it even if the value of goods being transported is less than INR 50,000. For this they need to fill up Part A of the Form GST EWB-01. This needs to be done before the goods are moved.

If the registered person is a consignor or consignee, or even the recipient of goods, then before moving the goods she or he would need to fill up Part B of Form GST EWB-01. The mode of transport in this case could be hired or owned. In case the registered person is a consignee or consignor and the goods are just being handed over to the transporter the Part B of said form would have to be filled up. In this case the registered person would need to provide information regarding the transport being done. This needs to be done in Part B of Form GST EWB-01.

Unregistered people would also need to generate an e-way bill. However, if in this case the supply is being made to a registered person the receiver will need to make sure that all the compliance related to these matters are properly met. In that case, she or he would have to act as if she or he is the supplier. However, if the goods are being transported within a distance of 10 km and that too in the same union territory or state and it is being done just so that the goods could be transported further the supplier would not need to fill up Part B of Form GST EWB-01.

However, if the supply is being made via air, railways, or ship then the Part A of Form GST EWB-01 needs to be filled up, either by the recipient or the consignor.

In case the supplier has failed to generate an e-way bill it is the duty of the transporter to generate the same, especially if the goods are being carried by road, rail, or air. This needs to be done before the goods are moved. The e-way bill in this case can be generated based on the information provided by the registered person in Part A of Form GST EWB-01.

When should an e-way bill be generated?

An e-way bill has to be generated when goods worth more than INR 50,000 are being moved. It could be for a supply or even for a return. It could also be because of inward supply being done by an unregistered person. In this case, the term supply could be defined as a transaction that may be done for some consideration – money for example – during the course of the business or later on. It could also be a supply without any consideration. This means, selling of goods in lieu of payments, transferring goods between branches, or even barter or exchange where goods – and not money – are being exchanged.

Purpose of e-way bills

E-way bills are being done with the aim of making sure that all the goods being transported are compliant with the laws of GST. It is also highly effective when it comes to tracking movement of goods as well as limiting tax evasion.

Validity of e-way bills

The validity of e-way bills depends on the distance that is being traveled by the goods. Normally the bases of calculation are the time and the date at which the bill was generated. In case the distance traveled is less than 100 km then it would remain valid for a day. However, for every 100 km and less after this an extra day would be added to the period.

What happens if the goods cannot be transported within the validity period?

If due to exceptional circumstances the transporter is unable to take the goods to the desired location then it can generate a new e-way bill. However, it would also need to update the relevant details in Part B of Form GST EWB-01.

When is an e-way bill not needed?

If the goods are being delivered through a non-motor vehicle then an e-way bill will not be necessary. Similarly, an e-way bill would not be applicable for goods that are being transported from ports, air cargo complexes, airports, and land customs stations to container freight stations (CFSs) and inland container depots (ICDs) so that the Customs could clear them. If the goods are being transported over a distance of less than 10 km and that too within the same state then the bill will not be necessary. The e-way bill is also not necessary in case of certain specified goods.

Non Banking Financial Company What it is and How to Apply for it?

Non Banking Financial Company  What it is and How to Apply for it?

A non banking financial company (NBFC) can be defined as a financial institution that is known to provide some financial services that are provided by the banks as well, the major difference being that they do not have a banking license as such. Normally, these institutions do not have the right to take deposits from common people. This means that they are not under the purview of the oversight and regulation that you need traditionally for banks. NBFCs are allowed to offer banking services such as credit facilities and loans as well as retirement planning products. It can operate in money markets and can underwrite. It is allowed to perform merger activities too.

A little more information on NBFCs

In the United States of America (USA) it was under the Dodd-Frank Act that the NBFCs were formally classified as companies. They are basically supposed to take part in financial activities but for this to happen at least 85 per cent of their consolidated assets or yearly gross revenues have to be financial in nature. A lot of companies can in fact be classified as NBFCs. This includes the following:

  • Credit Unions
  • Private Equity Firms
  • Insurance Companies
  • Mobile Payment Firms
  • Money Market Funds
  • Microlenders
  • Asset Managers
  • Peer to Peer Lenders
  • Hedge Funds

How to start such an organization in India?

In India the workings of an NBFC are regulated by the Reserve Bank of India (RBI), which also happens to be the apex financial institution of the country. Their main business is lending and acquiring shares, bonds, and stocks. They also do work such as hire purchase and financial leasing. Normally as per the laws in India an organization is thought to be a financial service provider when the financial assets of a company are more than 50 per cent of the aggregate asset base – similarly when earnings from financial assets make up more than 50 per cent of a company’s gross income.

If a company fulfills both these requirements it would need to have an NBFC license. In fact, the test needed to get such a license is known popularly as the 50-50 test. In India, these companies are not supposed to need an NBFC license:

  • Agricultural Operations
  • Providing Purchases and Services
  • Industrial Activities
  • Building and Selling Immovable Property – this could be the main business as well
  • Selling and Buying Goods
  • Any Small Financial Activity

Registration process is being simplified for new NBFC in India

Nowadays RBI made easy to register a new NBFC (Non Banking Financial Company) in India by minimizing the application form and checklist of documents. Earlier it was taking 45 numbers of documents to be submitted for registering a Non-Banking Financial Company but, now the applicant can submit approximately seven to eight documents during the revised application process.

Now the registration process of Non Banking Financial Companies (NBFCs) is just become easy and smoother, as said by the Reserve Bank of India (RBI).

As said by the RBI, there are two distinct types of requisition context for non-deposit taking organization/NBFCs (NBFC-ND) based on the source of funds and customer interact (interaction between the customer and organization).

Here you can find the two different types of NBFCs functions are categorized into First Type and Second Type. The first type is referred to Type-I and second type as Type-II.

In Type-I, the NBFC-ND will not accept the funds from public and also have not to make customer interface for their future intention.

If the Type-I companies wants to avail funds from public or intend to make interaction to their customer for future purpose, they must have to take acceptance from the Department of Non-Banking Regulation under Reserve Bank of India.

In Type-II, the NBFC-ND (the Non Banking Financial Company with non-deposit) will accept the public funds and also can make interaction with the customer for their future scope intention.

How to apply for an NBFC license?

If you want an NBFC license you would have to submit your application both offline and online at the regional office of the RBI. You would need to provide the latest information about the management of the company. You would have to provide certified copies of the Certificate of Incorporation. In case, you are already a public limited company or wish to operate as one you would have to provide a certificate of commencement of business. You would also have to provide certified copies of the latest articles and memorandum of association of your company.

You would also need to provide the latest details of various clauses in said memorandum that may be related to your financial business. You would also need to provide a copy of your PAN (permanent account number) or CIN (corporate identity number) that has been allocated for your company. You would also need to provide information regarding the director’s profile, which has to be filled up and signed separately by each and everyone on the board of directors of your company. If the directors already have experience of working in NBFCs they would need to provide certificates from those.

Procedure to Apply for Getting NBFC License

To get your NBFC Company registration certificate form RBI, you need to apply your proposed NBFC company through online and after the application process completed, you have to submit the physical copy of application to the Regional Office of the Reserve Bank of India along with the essential documents.

So, here you can follow the application process as explained below:

  1. First log on to the RBI secure site https://cosmos.rbi.org.in for NBFC application
  2. Click the “Click here” link for NBFC company registration which is just below the Username and Password. Don’t get confused by seeing the Username and Password section, that doesn’t required for NBFC, it is for other purposes. After clicking the Click Here link, a new window will open, bearing with the Excel Application Form for NBFC and SCRC.
  3. Now you can download the suitable Application Form (NBFC or SCRC) according to your need and filled it properly. Remember, during the filling of Excel Form; indicate the correct name of the RBI Regional Office in the field “C-8” of the “Annex-I Identification Particulars”.
  4. Upload the filled form by selecting the correct Type of Company in the same window upload section. After uploading the file, then you would get a Company Application Reference Number for the application of Certificate of Registration (CoR) for your company to be filed online. After this, you will have to submit your hard copy of application form of the company along with the necessary documents, mentioning that this is our company online application reference number at the concerned RBI Regional Office.
  5. You can check your status of the application on the same site address by inputting your acknowledgement number. Usually, the timelines for NBFC registration takes 45 days to get approval from the regulatory authority.

If you want to know any more about on NBFC, then do touch with our experts, they can assist you any moment during the office working time.

How to Open a SEBI Registered Portfolio Management Company

How to Open a SEBI Registered Portfolio Management Company

A certain procedure needs to be followed in order to start a portfolio management company in India. First of all, you need to register it with SEBI (Securities and Exchange Board of India). The applicant needs to pay an application fee that amounts to INR 1 lakh and happens to be non refundable as well. The money has to be paid through a demand draft in favor of SEBI and the amount needs to be paid in Mumbai. The application contains a form – Form A – and the applicants need to provide some extra information with it as well.

This extra information can be found at the official website of SEBI – www.sebi.gov.in. The applicants need to send the application at the address given below:

Head Office (HO) Address of SEBI at Mumbai, Maharashtra

Investment Management Department - Division of Funds- 1

Securities and Exchange Board of India

SEBI Bhavan, 3rd Floor A Wing,

Plot No. C4-A, ‘G’ Block,

Bandra-Kurla Complex,

Bandra (E), Mumbai - 400 051

Tel: +91-22-26449000 / 40459000

Fax: +91-22-26449019-22 / 40459019-22

E-mail: sebi@sebi.gov.in

Toll Free Investor Helpline: 1800 22 7575

This consumer helpline number is working through the Interactive Voice Response System (IVRS) technology as communication takes place through computerized voice of interaction.

If you are looking for any information relating to SEBI in your local regional office in Bangalore, then you can visit this address below:

SEBI Bengaluru Local Office, Karnataka

Securities and Exchange Board of India

2nd Floor, Jeevan Mangal Building,

No. 4, Residency Road, Bengaluru – 560025,

Karnataka, India

Tel: +91-080-22222262/ +91-080-22222264/ +91-080-22222283

E-mail: bangalore-lo@sebi.gov.in

Capital adequacy requirements and some other things to be kept in mind

In order to become a portfolio manager the net worth of an applicant should be at least INR 2 crore. It also needs to pay a registration fee of INR 10 lakh. This needs to be paid when SEBI grants it the certificate of registration.

The certificate is supposed to remain valid for a period of three years. The applicant would have to apply for renewal at around 3 months from the date of its expiry. Right now, the renewal fee is INR 5 lakh.

Laws regarding contracts between portfolio managers and clients

SEBI specifies that before a portfolio manager takes up any assignment to manage funds or a portfolio of securities as a representative of its client they both must enter a contract. This agreement has to be reached in writing. This agreement would define clearly the relationship that both of them would share.

It would also mention clearly their mutual rights, obligations, and liabilities that are connected to managing the portfolio of securities and funds. The Schedule IV of SEBI (Portfolio Managers) Regulations, 1993 mentions some details regarding such agreements and they have to be there in said agreement.

The fees

SEBI has not fixed any upper limit – or even any scale for that matter – as far as the fees to be charged by portfolio managers in India is concerned. However, the regulations also mention that the portfolio manager should charge the fee that has been specified in the contract between it and its client.

The fee could be anything – it could be a certain fee or a fee that is based on returns. Even a combination of both is allowed as well. The portfolio manager however needs to seek permission from the client before charging the fee. The portfolio manager may provide its service directly or indirectly. The term indirectly implies that it is outsourced to another similar entity. Even then, it can charge a fee for its work.

Value of funds and securities

As per the rules and regulations of SEBI, a portfolio manager in India would not be allowed to work with funds lesser than INR 5 lakh or securities whose value is lower than that particular figure. Also, a portfolio manager is not allowed to borrow money on behalf of its clients. It can only invest their money.

It also needs to be kept in mind that if an investor wants to put its money on listed securities then it would have to open one demat (dematerialization) account. The account also needs to be opened in its own name. A portfolio manager is also supposed to provide regular reports as agreed to in the contract reached with the client.