Hi. I am just wondering if i can get some advice on this issue which is on the back of my mind for quite long now. As you know all online selling companies (be it Food Ordering Platforms (FOPs) or ecommerce majors) charge a certain percentage from the seller on selling price. Now in some (i guess in most) cases the commission is being charged on selling price + VAT. For example if an item’s selling price is rs. 100/- and VAT (say 10%) is 10/- so the commission would be charged on 110/- instead of only on rs. 100/-. Apart from this commission, seller is liable to pay the entire VAT as well. So these companies are eraning from a source which is not someone’s personal income and actually is govt’s money. As I said, most companies are following this practice however I dont ag...
The symbolic entity of a trademark is not merely restricted to a graphical image, icon or label which is synonymous to your company’s name; rather, it holds a lot of significance to it. It serves a twofold purpose of securing a copyright for the goods and services of your enterprise and establishing a brand value of your firm reflecting the ideology which it adheres to and the values it wishes to offer to its customers. Trademark registration: the whole concept unveiled There are 3 aspects to any trademark, two of which have been explained above in the introduction. The third and the most vital aspect of trademark makes the whole issue of trademark registration a complex one. The trademark or a mark carries a legal aspect to it which is linked to its registration. A properly registered tra...
Registering your brand is not a difficult process. Getting the right knowledge leads you towards successful registration for your brand.
The new Company Law has specified multiple new conditions and checks to ensure only right people act as Directors in Companies.
any businesses which had to incorporate as Private Limited but are more suited in LLP form can look to migrate/ convert to LLP thereby reducing various compliance and reporting requirements associated with a Private Limited Company.
General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like Private Limited so as to get more flexibility and limit Promoter's liabilities.
Company incorporation is based on many factors like nature of business, type of customers (businesses or individuals), volume, scalability of business and procurement of external funds or investors.
General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like LLP so as to limit Promoter’s liabilities. In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to go about converting a Partnership into a LLP. It also looks at various tax and compliances that needs to be complied with, various restrictions the law imposes post conversion and possible areas which needs to be thoroughly examined before taking a call to convert.
Foreign companies looking to do business with India may need an office to promote the imports/ exports or to represent them in a better fashion with customers and suppliers. In scenarios where only a base is needed to promote various activities and communication exchange, it is advisable to setup a Liaison office in India which offers multiple relaxations from local taxes and compliances. In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to start a Liaison office in India. It also discusses about various requirements to setup such office, rules, laws, taxes and compliances associated and repatriation of Profits/ Surplus from the operations.
The various types of shares or securities available to companies
Apart from the usual non-traditional sources, India is now witnessing the raise of crowd-funding platforms.
What steps you should follow to permanently hire allowed Interns in your company?