Other Registrations
Registrations
Trend Setter Associates has a team of professional with extensive experience in Other registration. Contact us and we can help you to register your business. A Business can be started legally in any of the forms like Proprietorship Registration, Partnership Registration, MSME (Micro, Small, Medium Enterprises), Trust/Society Registration. Other Registrations like Professional Tax, ESI & PF Registrations are necessary registration that are needed for respective business.
Proprietorship Registration
Proprietorship Registration
A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship’s are one of the most common forms of business in India, used by most micro and small businesses operating in the unorganized sectors. Proprietorship are very easy to start and have very minimal regulatory compliance requirement for started and operating. Proprietorship registration is suited only for unorganized, small businesses that will remain small and/or have a limited period of existence.
Documents Needed
Id Proofs (PAN/ Voter Id/Passport)
Address Proofs (Aadhar Card/Bank Statement, Driving License)
Photo
Registered office proof (Rental Agreement/EB Card/ EB Bills)
Bank Statement (Passbook/Saving Account Statement/Cancelled Cheque)
Partnership Registration
Partnership Registration
A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnerships firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.
Documents Needed
Id Proofs (PAN/ Voter Id/Passport)
Address Proofs (Aadhar Card/Bank Statement, Driving License)
Photos
Proof of Registered office (Rental Agreement/ EB Card/ EB Bills)
Signed Partnership deed.
Bank Statement (Current Account Statement/ Cancelled Cheque)
MSME Registration
Micro Small Medium Enterprise (MSME) Registration
MSME Registration is an optional Registration under the MSME Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes.
Registration Criteria
To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
Benefits of SSI (or) MSME Registration
Collateral Free loans from banks
A hefty 50% subsidy on Patent registration
1% exemption on interest rate on overdraft
Eligible for Industrial Promotion subsidy
Protection against delayed payments
Concession in electricity bills
Reimbursement of ISO Certification charges
Documents Needed
Id Proof & Address Proofs
Mobile Number (Which is linked in Aadhar Card)
Trade Name/Registered Name
Unique Mail id
Business Address Proof
Investment
Number of Employees workings
Nature of Business Activities
Bank Statement (Savings/Current Account)
Trust Registration
Trust Registration
Registration of trust for a non-profit is well known and Trust can be formed by 2 or more people for a social cause.
Trust is registered and governed by Indian Trust Act In simple word, it is a financial vehicle which transfers a property from its owner to a trust for the lawful purpose. Normally we hear the word trust for religion purpose; however, there is no such restriction. There are even sports academies registered as trusts.
Documents Needed
The details of trustees like Name, Occupation, Address, Age, Father’s Name, Designation, Mobile Number, Email Address and Two Photograph are required.
Address Proof of Trustee & Settler required: – Voter I.D / Driving license / Passport
Electricity Bill or House Tax Receipt or Water Bill Receipt or Ownership Proof of Property required
In case of Rented, Rent Deed duly notarised with rent receipt and NOC form Land Lord on Rs 10/- Stamp Paper. Name of Landlord, Father’s name, Residence Address
Physical Presence of Settler/all required at the time of Registration along with Original ID
Physical Presence of Two witnesses with original ID Proof at the time of Registration
Society Registration
society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common purpose. Societies are usually registered for promotion of charitable activities like education, art, religion, culture, music, sports, etc., In India, The Societies Registration Act, 1860 lays down the procedure for society registration and operation in IndiaSociety Registration in India
A Society can be formed by a minimum of seven or more persons. Besides persons from India, foreigners, companies and other registered societies can subscribe to the Memorandum of a society. Like Partnership Firms, Societies can also be registered or unregistered. However, only registered Societies can hold vested properties and/or have a suit filed by or against the Society.
Society registration is managed by State Governments. Therefore, the application for registration of society must be made to the concerned authority in the State, in which the registered office of the Society will be situated. To register a Society, the founding members must first agree on a name for the Society and prepare the Memorandum and Rules and Regulations of the Society.
Documents Needed
Memorandum
Following are the details to be mentioned in the memorandum:
The name of the society
The objects of the society
The details of the members of the committee
By-Laws
Following are the details to be mentioned in the by-laws:
The identity of society – Address
Society Activities
Details of eligibility, admission, withdrawal and termination of membership
Details of office bearers – appointment, election, removal, recall and responsibilities
Finance details
Information regarding internal matters of the settlement of internal disputes and dissolution of the society
Frequency and the manner in which the meetings of the Committee and General Body will be held.
Professional Tax Registration
Professional Tax
Professional Tax is a tax levied on professions and trades in India. It is a state-level tax and has to be compulsorily paid by every member of staff employed in private companies. The owner of a business is responsible to deduct professional tax from the salaries of his employees and pay the amount so collected to the appropriate government department.
Professional tax is usually a slab-amount based on the gross income of the professional. It is deducted from his income every month. Some of the state governments that have levied professional tax are Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Orissa, Tripura and Madhya Pradesh. In case of salaried employees and wage earners, Employer is liable to deduct professional tax with the State Government. In case of other class of Individuals, this tax is liable to be paid by the person himself.
Documents Needed
Pan Card – Proprietor/Firm/LLP/Company
Business Address Proof – EB Card/EB Reading/Rental/Lease Agreement
Photo – Proprietor/Partners/Directors
Bank Account Details – Cancelled Cheque/ Bank Statement
List of Partners/Directors
ID Proofs & Address Proofs – Proprietor/Partners/Directors
Partnership Deed/LLP Agreement/Certificate of Incorporation/MOA/AOA
Authorization Letter for obtaining user I.D. and Password of Professional Tax Department
Attendance Register & Salary Register
Board Resolution passed by the Director of the Company authorizing Professional Tax Registration/ Partners consent for application to register under Professional Tax
ESI & PF Registration
ESI & PF Registration
Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employee.The PF contribution paid by the employer is 6% of (basic salary + dearness allowance + retaining allowance). An equal contribution is payable by the employee. In case of establishments which engage less than 20 employees or meet certain other conditions, as per the EPFO rules, the contribution rate for both employee and the employer is restricted to 10%. For most employees working in the private sector, it’s the basic salary on which the contribution is calculated.It is obligatory that employees’ drawing less than Rs 15,000 per month, to become members of the EPF. As per the guidelines in EPF, employee, whose ‘basic pay’ is more than Rs. 15,000 per month, at the time of joining, is not required to make PF contributions. Nevertheless, an employee who is drawing a pay of more than Rs 15,000 can still become a member and make PF contributions, with the consent of the Employer.
Employee’s State Insurance Corporation (ESI) is a self-financing social security and health insurance scheme for Indian workers. The scheme provides Employees with a comprehensive Social Security Scheme for protecting the employees during sickness, injury or disability. ESI Registration for Employers having more than 10 employees. The Employer must contribute 4.75% of the Employees wages towards ESI. Once, registered the organization is allotted a 17 digit unique identification code. ESI contributions must be made by the employer for all employees having a salary of less than Rs.15,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESI.
Documents Needed for ESI & PF Registration
The list of documents required for PF registration would vary as per the type of entity are as follows
For Proprietorship
Applicant Name
Office Address Proof (Rental Agreement/EB Card/EB Bill)
ID Proof (PAN/Driving License/Voter ID/Passport)
Address Proof (Aadhar Card/Bank Statement)
Mobile Number & Email ID
For Partnership Firm
Certificate of Registration of firm
Partnership Deed
List of Partners
Mobile Number & Email Id
ID Proofs & Address of Partners
For Society/Trust
Certificate
Memorandum of Association
Bye laws
Pan Card of Trust/Society
Members Mobile Number & Email id
ID Proofs & Address Proofs.
For LLP/Company
Incorporation Certificate
Memorandum of Association & Article of Association of Company
Mobile Number & Email id
ID Proof
Address Proof
Digital Signature Certificate (DSC) of Directors
Office Address Proof (Rental Agreement/EB Bill)
List of Directors
For Individual
Name
Father Name
Date of Joining
Date of Birth
Mobile Number & Email id
Name of Nominee
Designation
Bank Account Details with IFSC Code
ID Proof & Address Proof