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Company Registration

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

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 & Auditing

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

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

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

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.

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Private Limited Company Registration
Limited Liability Partnership Registration
One Person Company Registration
Import Export Code Registration
Trademark Registration
GST Registration

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.

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Why Choose Business Windo?

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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.

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Difference Between Micro, Small and Medium Enterprises

Difference Between Micro, Small and Medium Enterprises

Introduction to MSME

The term MSME stands for micro, small, and medium enterprises. Companies in India come segregated into the aforementioned groups. The classification is done based on their nature, turnover, and scale of investment. It is the MSME Act of 2006 that governs the same.

Furthermore, companies fall into two groups – services and manufacturing. Business owners these days register themselves as MSMEs in Udyam and NSIC (National Small Industries Corporation) and get the benefits provided by the Indian government for such companies. These steps are helping them grow by providing them the support that they need to such an extent. Most of the benefits offered are in the shape of policy steps and easy credit. The aim is to make sure that these businesses can grow properly.

The Types of MSMEs

The three types of MSME enterprise are available in India such as:

  1. Micro enterprises
  2. Small enterprises
  3. Medium enterprises

And further, the MSMEs are classified into two sectors as per their business nature such as:

  1. MSMEs into Manufacturing Industry
  2. MSMEs into Services Industry

As has been said already, MSMEs are categorized into two major groups – manufacturing and services. The manufacturing MSMEs are engaged in producing and manufacturing goods. It can be for any industry as long as specified in the first schedule of the Industries (Development and Regulation) Act, 1951. It could be for using machines and plant equipment as a part of the process of value addition.

The service-based MSMEs take part in rendering or providing services. They also have a properly defined investment in the equipment that they use.

What is a Micro Enterprise?

You can see micro-enterprises everywhere around you. It includes the likes of the ice cream parlour in your neighbourhood and the café near your college that you visit quite a lot. These are small businesses that have limited capital and very few people working for them.

Usually, a micro-enterprise would not hire more than ten people to work for it. As we have said already, the capital investment in micro ventures is minimal. In a developing country such as India, micro-enterprises represent the lion’s share of the business sector.

These companies add a lot of value to the economy of a country by creating jobs. They help people earn more money than they otherwise would have. They also lower the overall cost that is necessary to do business in India.

If you closely look at the entrepreneurs of India, you will see that most of them work in this particular stratum. The biggest reason is that they lack the extensive money necessary to start a big corporation straight off the bat.

What is a Small Enterprise?

Small enterprises are small businesses. They are also businesses that employ a limited number of people, and their turnover is likewise as well since they do not have the high volume of sales that the companies bigger than them have.

In technical terms, you can say that these companies are owned independently. Hence, they operate similarly. The thing with these companies is that they are limited in terms of their revenue and size. In this case, a lot depends on the industry growth and scale as well.

Most of the small businesses are sole proprietorships privately owned, partnerships, and one person company. Every industry in India has small enterprises. They have vast diversity in this respect, starting from convenience stores to smaller manufacturing plants. It could be the bakery in your locality that employs around ten people or a manufacturing unit with 50 people on its payroll.

Some other examples of such enterprises are illustrated below:

  • Restaurants
  • Dry cleaners
  • Law firms
  • Architectural and engineering firms
  • Hotels

These enterprises also differ in terms of factors, such as size, regulatory authorization, and revenues, to name a few. In some of these small businesses, you need only a business license to do the work. An example of such a business would be a home-based accounting business.

In some other cases, small businesses have to deal with some specific regulations. Examples of such businesses include day-care centres, retirement homes, and orphanages.

What is a Medium Enterprise?

A medium company is primarily one that employs no more than 250 people. It is only when the small companies grow steadily and slowly that they become medium companies. Even as such a company earns more money it starts to save money that it needs to invest in various parts of its business such as technology, infrastructure/ buildings, recruiting and up-skilling more employees, and equipment. It eventually acts as a bridge between big corporations and small businesses.

The Difference between Micro, Small, and Medium Enterprises

The difference between the micro, small, and medium enterprises is in the total investment made in these enterprises and the turnover they get in a year. To make it clear, they are discussed as below:

Distinction of MSMEs in  Terms of Investment and Annual Turnove

MSME Classification

Micro Enterprises

Small Enterprises

Medium Enterprises

Manufacturing and Services Enterprises

Investment: Maximum Rs. 1 crore

Turnover: Not more than Rs. 5 crore

Investment: Maximum Rs. 10 crore

Turnover: Not more than Rs. 50 crore

Investment: Maximum Rs. 50 crore

Turnover: Not more than Rs. 250 crore


The Role Played by MSMEs in the Economy

As we have said already, micro, small, and medium enterprises are all around us. These include small outlets and stores in your neighbourhood and the bigger franchise stores and grocery store chains. They employ so many people around the country to work for them – they create jobs important in this day and age.

So, this is the contribution that they are making to the economy of India. Apart from that, they also pay taxes, which add to the money earned by the national government. Some of them earn revenue in foreign exchange as well.

Conclusion

The good thing with starting such a business is that you have a lot of help coming your way. For example, you have companies that help you with all the documentation and official procedures necessary for incorporating the same. We BusinessWindo can help you to overcome all the difficulties related to business matters like company formation, management and accounting services and also help you get the loan you need to get such a business off the ground.

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Related Posts:

How to Get MSME Udyam Registration in Bangalore, Inida?

How to Get Food Business (FSSAI) License in Bangalore, India?

How to Get Export Import Code (IEC) License in Bangalore, India?

How to Get GST Registration for Your Buinsess in Bangalore, India?

How to Get Startup India Registration for Your Startup

How to Get Startup India Registration for Your Startup

What is a Startup?

A startup can be described as a business enterprise that has been newly established. They are generally small and started by a single or a group of a few closely knit individuals. One of the main ways in which the startup business is distinct is that it provides with a wholly new service or product which is not provided by anyone else in the market. Hence, the main theme of a start-up business centers on innovation or an innovative approach to things. The startup company creates a completely new product or service or modifies a currently existing product or service with the goal of coming up with something better.

In many cases, the startup companies come into existence when their founders and owners find the existing products and services within that category are really not up to the mark or can be improved. In other words, they intend to rectify the shortcomings of certain products and services or solve a problem and make sure that the end users have a better experience with them. Startups can also be developed when one of the founders and owners come up with an excellent idea for a service or product.

A major advantage of the startup companies is that they can provide employment opportunities for a lot of people. For this reason, the Indian government regularly encourages startup companies to thrive so that they can improve the lives of common people. The startups in India also play a critical role in improving the economy of the country.

Through the Startup India initiative, the startup business owners in India can come up with innovative solutions to life’s challenges and problems and also ensure economically sustainable development for the country.

What is Startup India?

Startup India functions as an important flagship initiative undertaken by the Indian Government. The main aim of this initiative is to promote a holistic environment for startup ventures to grow and prosper. This can not only give rise to a powerful ecosystem for innovative products and services but also encourage entrepreneurship across the business environment in India. This initiative came into practice from January 16th, 2016 and ever since then it has already given rise to numerous programs that are aimed at assisting the entrepreneurs so that new avenues of employment can be created for people in India.

The programs under Startup India are managed efficiently by a Startup India Team that is dedicated to help startup owners in India. The team reports directly to DPIIT or Department for Industrial Policy and Promotion.

What is Startup India Registration?

The method through which a startup business enterprise registers itself under the government initiative of Startup India is referred to as Startup India Registration.

Startup India Recognition Benefits

There are numerous important benefits of getting Startup India Recognition certificate. Let’s have a look at them.

Tax Exemption

One of the main benefits that any startup firm can have when it gets Startup India Recognition certificate is tax exemptions. This can offer the business enterprise to save on taxes for 3 years among the initial 10 years of inception. The startup business is also going to have tax exemption according to section 56 of Indian Income Tax Act, i.e. Angel Tax.

Patents

The startup companies are going to get about 80% discount during filing of patents. The Government will take care of the whole fees associated with the facilitators managing the patents, the specific designs or any kind of trademarks that these startup companies may choose to file. Startup companies only need to pay the money associated with the statutory fees required. Patent applications filed by these startup businesses are going to go through a quick examination in order to make sure that they are of value. A panel of facilitators is going to help the startup firm when they are looking to file the IP applications.

Self-Certification

Self-Certification compliance procedure can be performed for different kinds of environmental laws as well as labour laws. No inspections are going to be performed for the first 5 years for labour laws. Inspections are performed only in cases where there are detectable and accurate complaints of problems or violations that are filed in writing. These complaints also have to be checked and approved by an officer with more experience than the inspecting officer. When it comes to environmental laws, startup companies that fall within ‘white category’ can self-certify their compliance practices. Random checks can be performed for them in those cases.

Smooth Public Procurement Practices

The startup business enterprise is not required to have prior experience within the manufacturing and development sector. These companies are also not required to submit the Earnest Money Deposit and/or the bid security while filling government tenders. The owners of that startup venture can list their products on Government e-Marketplace which is a major online procurement site and the largest online marketplace for the Government Departments for procuring services and products.

Easy Winding Up

The startup ventures characterized by simple debt structures and also those that comply with definite income criteria can benefit from fast winding up of the enterprise within 90 days once they have applied for insolvency. In such an event, an insolvency case handler is going to be chosen who is going to be in complete charge of that company. This liquidator will handle swift closure of such a business, sell off all the assets, make sure that the creditors are repaid and keep up with distribution waterfall that is determined by the IBC.

Eligibility Criteria for Startup India Registration

The startup India scheme eligibility criteria described below must be observed by the startup ventures when they want to register with Startup India.

  • The startup venture can only function as a limited liability partnership firm or a private limited firm.
  • The enterprise must stay as a startup enterprise for the initial ten years after the official registration date. Recently the Indian government effectively changed this rule from seven to a decade for giving opportunities along with tax exemptions. As companies operate as startups for longer periods, they can have access to such benefits for a greater span of time.
  • The business venture is going to stay a startup unless the yearly turnover doesn't go beyond Rs 100 crores within a single year within the first decade. Once the company achieves this goal, the company is no more a startup. This is a new rule and the Rs 100 crore clause is an upgrade from the initially decided Rs 25 crore mark.
  • A startup venture should be effectively funded by an Angel Fund, a Private Equity Fund or an Incubation Fund.
  • The enterprise must get the proper approval from the Department of Industrial Policy and Promotion (DIPP).
  • The owners of the company must get recommendation letter written by an incubation entity.
  • A patron guarantee has to be obtained from Indian Patent and Trademark office.
  • The venture must come up with truly original schemes and ideas
  • All the various details associated with the funding must be officially registered with Securities and Exchange Board of India or SEBI.

How to Register a Startup with Startup India

There are some steps that you have to follow when you are planning to register your own startup venture under Startup India. Have a look at these steps described below to learn all about such steps.

Here is the process for registering a company in Startup India:

Incorporating your Business

The first thing that you have to do is get your business venture incorporated as a Limited Liability Partnership or a Partnership firm or a Private Limited Company. You should follow all the essential practices meant for business registration such as obtaining Certificate of Incorporation or Partnership registration and other required documentation.

Registering with Startup India

You then need to register your startup venture with Startup India and this can be done online. You need to visit the official Startup India website and put in the various details related to your business on the online form there. You are going to get an OTP sent to your email inbox. Enter this OTP as well as other details for creating your own Startup India profile.

Once this has been done, you can send applications for incubator programs, acceleration programs, the mentoring programs and other topics on Startup India's website. You can also easily access the numerous resources such as the Government Schemes, pro-bono services, Learning programs, development programs and the state polices for the startup ventures.

Get DPIIT Recognition

After you have taken care of the profile creation process, it is important for you to get DPIIT Recognition. DPIIT stands as Department for Promotion of Industry and Internal Trade. When you get DPIIT Recognition, it is going to help you benefit from numerous resources and tools that are going to be good for you. For example, you can avail the best of intellectual Property resources and the associated services, obtain self-certification in accordance with environment as well as labour laws, get help from Fund of Funds, have lenient public procurement norms and also wind up your company easily if you ever need to do that. Other benefits include tax exemptions at different stages and other advantages.

Recognition Application

In the ‘Recognition Application Detail’ webpage, the startup venture owner must click on ‘View Details’ under the Registration Details section. This can show the ‘Startup Recognition Form’ that has to be filled up and duly submitted.

Documents for Registration

A number of essential documents are required for registration. These are listed below.

  • Incorporation/Registration Certificate for the startup
  • Details of all the Directors
  • Proof for concepts like website link /pitch deck /video
  • PAN Number
  • Details on patent and trademark (Optional)

Recognition Number

Once you have sent the application through the website, it is going to provide you with a unique recognition number for your startup company. This certificate will be issued once the documents have been examined. It generally takes about 2 days from the submission for you to get it. Do not upload wrong/forged documents since that can lead to hefty fines.

How We Help You in Startup India Registration

If you are looking to sign up with Startup India Registration and you are not exactly sure as to how you should proceed, then you can rely on us as we can help you to manage the registration process quickly and accurately. At BusinessWindo, we have been offering Startup India Registration consultation services to startup owners regularly, making sure that startups of various types can benefit from the government regulations that are undertaken by the visionary ideas of our Prime Minister Mr. Narendra Modi. We have already helped many startups to grow and improve the economy of the country and we can do that for your startup business as well. 

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How to Register a Company: Structure, Eligibility, Documents & Process

How to Get ISI Mark Registration Certificate in Bangalore India

How to Get ISI Mark Registration Certificate in Bangalore India

The ISI (Indian Standards Institute) symbol stands for authentication. It is the seal of approval deemed to be necessary for verifying the products that are sold in India. The ISI mark can be described as a sign which indicates the fact that the product has been thoroughly scrutinized and has been checked to be of high quality. And thus, this product is safe and reliable for selling in the public domain.

The products that have the mark on them are ones that comply with the quality standards set by ISI. When you get this ISI mark certification for your products, you get the approval of the concerned authority to sell the products in the market and in the process think on expanding your business reach. As per rules and regulations, no product in India can be sold without the ISI mark on it.

Objectives of Indian Standards Institution (ISI)

The ISI was founded in the year 1947. Then it has given the new name as Bureau of Indian Standards (BIS). Means BIS is the head body for Indian standards of consumer and industrial products. The ISI mark is considered as a sub-domain of BIS.

The main objectives of ISI are to set the standards for product standard quality, durability and safety for consumers and industrial goods. It verifies each and every product’s standard and quality and grants ISI certification mark for that.

What are the Purposes of ISI Registration?

The main aim of ISI registration for your products in Bangalore is to assure your customers that your product is of good quality, reliable enough and long-lasting to use.

Obtaining ISI mark certificate for industrial goods/products help build trust and relationships with consumers. If producers want to get ISI mark license for their products, they’ve to adopt the standard and quality control procedures for their products as prescribed by the Bureau.

This in turn also makes them a lot more confident when it comes to buying your product. This sign also assures the consumers that using the product would not harm their health in any way.

Products that Involve Mandatory ISI Certification

These following products are under compulsory certification; for which you have to get an ISI mark certificate in Bangalore or anywhere in India:

  1. Cement
  2. Electrical motors
  3. Steel products
  4. Stainless steel plates
  5. Transformers
  6. Clinical thermometers
  7. Food products
  8. Packaged drinking water
  9. Cylinders, valves, and regulators
  10. Stoves
  11. Batteries
  12. Steel sheets and steel wires
  13. Capacitors
  14. Kitchen appliances

The Benefits of ISI Marked Certification

You get the following benefits when you obtain an ISI certificate for your products:

It increases the level of satisfaction that your clients have with your products.

However, customers can take legal action against products that have the ISI mark but are found to be of a low quality. 

In case the customer feels that the product is of a low quality you – the seller of the product – have to exchange that product.

ISI mark helps the owners and manufacturers of the products to increase their business.

For the customers, this sign indicates that they are getting the best quality.

Documents Required Applying for ISI Mark Registration

The following documents are needed in order to apply for ISI registration:

  • Registration certificate of the company
  • Aadhaar card of company directors
  • Property tax receipt
  • voter ID card
  • Insurance policy
  • Driving license
  • Rental agreement for rented properties
  • Copy of test reports
  • Telephone bill
  • List of manufacturing machinery
  • Electricity bill
  • Copies of calibration certificates of testing equipment
  • Bank statement

ISI Mark Registration Process

The process of registering for the ISI mark happens in certain definite steps.

In the first step, you have to select the right code for your product. You have to do this in accordance with the product quality as has been prescribed by ISI.

After that, you’ve to fill up the application form. This form is referred to as Form V. You have to provide all the necessary documents with the application form. Over here you also need to pay the fees for the inspection of your manufacturing premises and the certification.

Following this, the authorities will visit your premises. This happens only after you have been successful with the application procedure that involves submitting relevant documents related to your own business. The Indian government authorizes the people who make up the inspection team. They would come and look at your quality control processes as well as the factory premise. They would also take some samples of your product for purposes of testing in a lab that has been approved by BIS (Bureau of Indian Standards).

After this, you would have to collect the test report of the sample. You need to submit that report to BIS.

BIS would verify the testing report and your application form properly and then issue the registration certificate.

Time Required for Getting ISI Registration Certificate

Usually, for manufacturers based in India, it takes between 30 and 90 days to get the registration. This period is applicable following the date when you submitted the application form. If you are a foreign manufacturer it could take you between 90 and 120 days from the day you submitted the application.

How do We Help with ISI Registration?

BusinessWindo can provide you invaluable help with such applications. As one of the experienced companies helping businesses all throughout, we have a great track record and vast knowledge of the industry as well. We have helped plenty of businesses like you and you can be sure that our experts would be able to help you as well.