Conversion of Co-operative Society or Society registered under Society Registration Act, 1860 into a Section 8 Company

With the introduction of Companies Act, 2013 and notification of its enabling provision Section 366, a Co-operative society or a society registered under the provisions of Society Registration Act, 1860 or any other legislation framed by various state governments or any community benefit society may convert itself into a Section 8 company. Section 366 of the Companies Act, 2013 has provided existing Co-operative societies and societies and any other association registered under different laws an option to convert themselves in a Company under Companies Act, 2013.   Section 366 of the Companies Act, 2013 and rules framed under the Companies […]

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How to convert LLP into Company?

LLP, the worldwide recognized form of business organization was introduced in India by way of Limited Liability Partnership Act, 2008 and LLP Rules, 2009. A limited liability partnership (LLP) is a partnership in which all partners have limited liabilities. LLP is an alternative corporate form of business organization which gives the benefits of limited liability of a company and the flexibility of a partnership. Its existence will continue irrespective of changes in partners and ownership. It is capable of entering into contracts and holding property in its own name. It is a separate legal entity, and is liable to the […]

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How to choose a right Business Name for your Startup?

  Choosing a unique name, which is memorable and available for company or trademark registration is very important for your business. Some people like to have a clean or humorous name, which clearly defines the products or solutions of the company and some go for simply, small and easily memorable name. While choosing a business name, you should also keep in mind that your business name should not be too long and it should comfortably fit in your business cards and you can make a eye – catching & impressive logo out of this name. You should also check whether […]

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Quick Trademark Registration in just One Month – New IPR Policy

Trademark registration and patents registration in India generally takes around 3 to 5 years and in some cases even more time. As on March 10, 2016, nearly 2.37 lakhs patent application and 5.44 lakh trademark application were pending for registration with the Intellectual Property offices all because of shortage of manpower and for all reasons too. To significantly improve the robustness of India’s Intellectual Property Rights systems recently Government of India through the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry released new National Intellectual Property Rights Policy.   The Intellectual Rights related laws of India have […]

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Some Important Questions You Must Consider Before You Begin With Business Idea

Starting a business doesn’t have to be complicated as it was before. Starting a business is very easy. Difficult is to run it successfully over a period of time and make a profit from business and simultaneously changing the life of thousands of people with your business idea. Many startups fail in a few months or years because of their inability to survive in adverse conditions. Therefore, before you start your own business, you must understand your strengths, your weaknesses, your finances, your skills, your goals etc. For example, how will you finance your business operations? Do you intend to use […]

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Financing your Startup – Major Sources of Fundings

You need money for financing your business operations. Generally there are four options from where you can get funds to run operations of your newly established business viz:   You already have money for your business – you must be very lucky, if this is the case with you J: Here you don’t need to think much about your finances. You only need to ensure that every paisa spent on your business is necessary, meaningful and you are simply not wasting your money. In short you have to be prudent with spending and you must have a backup plan in […]

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Shareholder’s Agreement – A must to keep the growth engine running!

In case you have people as co-founder, it is must to get a Shareholder’s Agreement in place before you begin with your incorporation to avoid future disputes. A well drafted and legally enforceable Shareholder’s Agreement will give you peace of mind, clear understanding of each founder’s roles and responsibilities, exit options, investments, equity sharing structure and many more benefits. Trust me, building and running a partnership business and working as a team and with the team is more complicated than it seems. Dispute between you and your co-founder may arise anytime for any small and unthinkable reason and in case […]

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Trust Registration Procedure

The application for registration of a trust shall contain the following particulars:   – Particulars of documents creating the trust; – Objects of the trust; – Sources of income of the trust; – Particulars of encumbrances, if any, on trust property; – Particulars of the scheme, if any, relating to the trust; – Particulars of title deeds pertaining to trust’s property – The name and addresses of the Trustees and managers;   Filing of Documents:   The following forms are required to be filed with the Sub-Registrar Office: Trust Deed, details Objects of the trust should be mentioned in Trust […]

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Benefits of Copyright Registration

The main purpose of the copyright registration is to serve as an easily verifiable and governmental record accounting for the date and content of the original works of person, especially in the cases of plagiarism or copyright infringement by an unauthorized person or entity. Here, it may be noted that a copyright protects the original and unique expressions of ideas, thoughts, facts, and intellectual creativity; and not the ideas, facts, methods, or systems involved in the work. These things are dealt with separately under the patent registration, which we also provide. Again, the copyright registration rules and procedures differ from […]

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Benefits of Trademark Registration

In India, registration of a Trademark under the (Indian) Trade Marks Act, 1999 is not a condition precedent for seeking protection in India. So, both, registered and unregistered trademarks are protectable in India by way of an infringement or passing off action in the court of law. However benefits of trademark registration are: Identification; Uniqueness; Company’s Goodwill; Security to Intellectual property and Business Profits; Rights for Legal Proceedings against Trademark Infringement; Ease of making Advertisement and Strong Public relations; and forms the basis for entering into the International Business and Global Marketing.   Registration also gives notice to the public […]

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