Tax Saving Plans – 7 Income Tax Saving Options for 2021

Tax Saving Scheme

7 Best Investment Plans to Save Tax on Your Income

Everyone wants to save some money while filing taxes in India. Isn’t it? Well, this is why people are always seeking income tax-saving plans. If you are also one of them who are looking for some helpful information on saving money on taxes, then you are probably at the right place.

The best thing to do is of course make some clever decisions in terms of investments. Well, don’t fall into any trap. It’s not just any investments; you need to diversify your investment portfolio. Read on for more interesting details.

According to the provisions under the Income Tax Act, 1961, there are certain ways in which you can save on taxes while working in India. Through these strategic investments, you can legally save the money that you would have otherwise paid as taxes to the government. Quite clearly, if you know the exact ways, then you would surely benefit financially and that too in multiple ways.

Given below are the main ways of saving taxes under section 80C / 80CCC.

Public Provident Fund (PPF)

You must have heard about it. If you are a working professional, one of the easiest ways to save on taxes in India is by investing in the Public Provident Fund or PPF. This can be an effective way for you to save money on taxes and also save money for your retirement. You can have returns from PPF that are at par with inflation rates.

Through PPF, you get to annually contribute to a maximum amount of one lakh and fifty thousand rupees and this can be managed in a single lump-sum amount or small investments. The rate of interest associated with PPF may vary with time and is regulated by the Ministry of Finance (MOF) in India. The interest you earn through this investment scheme is completely tax-free. The lock-in period for PPF is fifteen years. You can withdraw some amount of money after five years, based on certain conditions.

Unit Linked Investment Plan (ULIP)

You can also invest in the Unit Linked Investment Plan or ULIP when you are looking for income tax-saving plans. This particular scheme works like a combination of insurance and investment. Thus, it can help in tax exemption. The returns usually range between 5 percent and 11 percent. The maturity revenues obtained from ULIP are tax-free.

5 Year Bank Fixed Deposits (FDs)

Another popular tax saving scheme, according to section 80C of the Income Tax Act, 1961 is of course 5-Year Bank Fixed Deposit. These schemes work much like a standard fixed deposit and have a 5-year lock-in period. You cannot withdraw the amount that you intend to invest in between. The scheme also gets you a higher interest rate than what you get with the regular FDs. The interest that you get after 5 years is completely taxable.

Equity Linked Saving Schemes or ELSS

The Equity Linked Saving Schemes are mutual funds that can be linked to the equity market. Investments made in the equity or share market are expected to get higher long-term returns of around 15 percent. While there are no assurances regarding such returns, however, it has been found that good returns are effectively achievable.

The scheme has a lock-in period of 3 years. You can also obtain regular returns throughout the lock-in period. These returns and all capital gains are completely tax-free. So the tax saving persons is advised to redeem their investment after 3 years. Therefore, Equity Linked Saving Schemes (ELSS) can work as excellent ways to save on taxes as well as get higher returns.

National Pension Scheme (NPS)

National Pension Scheme allows you to claim contributions as tax deductions according to section 80C. You can also avail low-cost investment options. Returns on NPS (National Pension Scheme) vary between 3 percent and 10 percent. Compared to some of the other schemes, National Pension Scheme is not an attractive scheme because of its restrictions. Withdrawals from National Pension Scheme are taxable with the maturity amount. You can access the funds only after your retirement.

Life Insurance Premium

Life Insurance is extensively considered as the default tax saving scheme. Hence, as a major tax saving scheme, it is mostly used by investors in India. The schemes that come with a life insurance policy allow a person to effectively protect oneself and his or her dependents from possible risks in the future. The tax benefit of the Life Insurance can be reversed in case anyone chooses to give up this plan before two years.

Senior Citizens Savings Scheme or SCSS

The SCSS is mainly designed for senior citizens who are looking to save taxes. People above the age of sixty years can invest in this scheme. While the interest is taxable, it is essentially covered within the taxable limit.

The maximum limit for investing in this scheme is approximately fifteen lakh rupees. The lock-in period for SCSS is five years. The government offers back up for the principal monetary amount of investment. Senior citizens can also get the benefit from quarterly interest returns. The rate of interest for these schemes gets decided by the Ministry of Finance. The tax deduction is permitted under section 80C.

Additional Investment Schemes to Save Income Tax in India

Taxes can be levied on the amount of salary that you receive for your services. There are ways in which you can save on income taxes that are levied on your salary. Here is a closer look at them.

  • Get a home loan for getting the best tax benefits. This can not only help you have a new home, but also reduce your tax liability in a significant way. The total annual income that you spent towards repaying the principal amount borrowed for your home loan is eligible for tax deductions of up to Rs 1.5 lakh according to Section 80C.
  • Get a health insurance policy that can help you to save on taxes. With costs for medical expenses increasing all the time in India, you must have a proper health insurance policy. The Government of India offers tax reductions for availing such health insurance policies.
  • Invest in government schemes that can help you to save taxes and also get excellent returns on your investments. You can claim tax reductions for up to Rs 1.5 lakh through such investments. Some of the schemes that you can invest with are Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Pension Scheme (NPS), and Sukanya Samriddhi Yojana (SSY)).
  • Investments carried out in government-mandated schemes and the capital market can help you to accumulate wealth through higher returns and tax-saving benefits. For instance, you can invest in the stock markets and ELSS schemes. These schemes offer an excellent means for tax deductions.
  • You can choose to invest in life insurance plans as they can help you to save on taxes easily.
  • Another great way to save on taxes is by donating to charities. Sections 80G and 80GGA under the Income Tax Act, 1961 define tax exemptions associated with charitable donations.
  • Get a tax deduction on your home rent
  • Get a deduction on the on the interest of your home loan
  • Always keep money in your saving account
  • Contribute some to charity, trust, or institution

These above mentioned investment schemes or plans are available in India to save tax for the taxpayers. However, the individual taxpayer has to choose the schemes that are most suitable for him/her.

How to Get ESI Registration in Bangalore India

ESI-Registration

ESI Registration – Benefits, Eligibility, Documents & Process

Introduction to Employee State Insurance (ESI)

The term ESI is an abbreviation of Employee State Insurance. This is a programme that is managed under the purview of the Employee State Insurance Corporation. ESI functions as a self-governing body. It has been created under the aegis of the Ministry of Labour and Employment of the Government of India. The scheme has been created to benefit Indian workers working in different sectors.  As a part of the scheme, the employees are offered a wide array of monetary, medical and other such benefits by their employer.

If a business firm has more than 10 employees or 20 depending on the state, who do not earn more than 21,000 rupees a month they would be eligible to register themselves with ESIC (Employee State Insurance Corporation).

The ESI contribution rate of employer and employee are revised time to time. As per the present scheme, the employer has to pay itself 3.25% (w.e.f 01/07/2019) of the employee’s salary each month and the employee has to contribute 0.75% of their salary for the same period.

To get the advantages of Employee State Insurance scheme, the employer has to register under ESIC and ensured person’s (employee’s) registration in ESI portal that is going to get the benefits from it. Now employers can submit their application online for registration under ESI Act.

Benefits of ESIC Registration

The employees who register under ESI scheme could get the several social security benefits such as:

  1. Medical Benefit
  2. Sickness Benefit
  3. Maternity Benefit
  4. Disablement Benefit
  5. Dependants Benefit
  6. Other Benefits such as Funeral Expenses, Confinement Expenses, Vocational Rehabilitation, Physical Rehabilitation, Old Age Medical Care

ESIC registration in Karnataka provides employees a lot of benefits as has been alluded to already. For instance, they can achieve sickness cares to about of 70% of their wage. This is applicable in case of all certified diseases and ones that last for not more than 91 days in a year. They are also entitled to gain medical benefits along with their family members. Women get maternity benefits when they are pregnant. These are regarded as part of their paid leaves. If an employee dies while working, 90% of the salary would be provided to their dependents each month following the death.

These same benefits are also provided in case the employees become disabled when they are working. The scheme also offers coverage of burial costs. The beneficiaries of the plan also get coverage for medical expenses at old age.

Entities Covered under ESIC Scheme

According to Section 1 (5) of the ESI Act, the following entities are required registration under ESI Act:

  • Factories, Workshops, Plants
  • Road motor transport companies
  • Hotels and eateries selling products and services
  • Newspaper formations that are not included in the Factory Act
  • Cinemas theaters
  • Private educational institutions

Eligibility Criteria for ESI Registration in India

Apart from what we have mentioned already, there are some other eligibility factors in this case.

  1. If an employee earns a gross salary of less than 21,000 a month, they can take part in the programme with assistance from their employer.
  2. Any establishment that has registered with EPFO (Employees’ Provident Fund Organization) can also become a part of the same.
  3. In case of industrial units, where employees have a high chance of injuries and other health issues in the business premises and where all of them earn less than 21,000 a month, this is a mandatory requirement.

Documents Required for ESI Registration

The following documents are required for ESIC registration:

  • Registration certificate procured either under the Shops and Establishment Act or the Factories Act
  • Compensation specifics of all employees
  • Partnership deeds in case of partnerships, and Certificate of Registration in case of companies
  • A cancelled cheque from the bank account of company is required for the verification purpose)
  • Articles of Association and Memorandum of Association of the company
  • The list of the directors of the company
  • The list of all the employees
  • The list of the company shareholders
  • PAN (Permanent Account Number) cards of the employees as well as the PAN card of the employer
  • Register of employee attendance

ESI Registration Process

For applying ESI registration, the applicant has to follow the steps to obtain the certificate:

  1. Visit ESIC website
  2. Do Sign Up in website, receive Username & Password
  3. Enter login details on ESIC portal
  4. Select New Employer Registration and Select Unit Type
  5. Fill details in the Employer Registration Form – Form1
  6. Pay initial contribution
  7. After filing the Form, verification has to be carried out towards the organization. Once verified, a 17-digit unique identity number will be granted to the organization.
  8. ESI filing has done for company. Receive Registration Certificate/Letter C-11
  9. Register your employee details and ensured them for Employee State Insurance
  10. Get employees ESI card by submitting photographs and details of family members

How We can Help You with Online ESI Registration?

We can help you complete the ESIC registration in Bangalorein just 12 days. We PatsonLegal also offer several other benefits in this regard. We offer free consultation at the time when you call us. We collect documents from your side, ask for information and prepare the entire ESI application and process it thoroughly at each and every step of ESI registration. We have professional experts who would be taking care of the final registration process. We’ll help obtaining registration certificate for your organization and deliver you through our executives or email. Our experienced CAs and CSs are helping entities for getting their new registrations, filing monthly and annual returns to make the effectiveness of company ESI scope.

PF Registration: UAN, EPF Registration in Bangalore India

PF Registration

How to Get EPF Registration Certificate Online

The term EPF stands for employee provident fund. Normally, most of the people in India known as PF; means provident fund. EPF is a retirement benefits saving plan where both employer and employee contribute a certain percentage of the salary. In EPF scheme, the employee has to pay certain contribution and the same equal contribution is paid by the employer.

And for this, the employer takes the EPF registration for his/her employee. The employer and employee are solely responsible for this to make deposit the amount in PF account.

This particular program happens to be regulated and governed by a body that is known as the Employee’s Provident Fund Organization (EPFO). This particular body was constituted as per the Employee’s Provident Funds & Miscellaneous Provisions, Act 1952. The Employee’s Provident Fund Organization is supposed to be the biggest organization for social security in India and it also has a huge volume of transactions that are taking place over here on a regular basis. The employees get the benefits of such a fund when they retire from their jobs. This happens in the shape of the provident fund.

As such, it can be regarded as one of the biggest savings that you can do to make sure that you have some financial back up after you retire from your work. It also helps that it is the Indian government that backs this particular program.

What is PF Registration?

The process of PF registration can be defined as one whereby the employers register its details and the names of their employees with the Employee’s Provident Fund Organization. This is done so that money can be deducted from their salaries and deposited with the organization. The employers also need to contribute the same amount that they are deducting from their employees for such purposes.

Who is Eligible for EPF Registration?

The organizations or companies or businesses or industries are eligible for PF registration at the time when they satisfy the following criteria:

  • Total employee strength of company is 20 or more.
  • Central Government defines the class of organization who’ve below 20 workers. If it is required, notify them for EPF employer registration.
  • The employer and employee of a company must mutually agree to apply for PF
  • Every employee is eligible for PF from the beginning of his/her employment, but the employer has the responsibility of PF contribution and deduction.

Why do Employers have to Register for EPF?

If an employer has more than 20 people working in the organization, it is compulsory to register for EPF. It has to make regular contributions to the EPF. The way it is done has already been described in the paragraph above.

In case an employer does not comply with this obligation or misrepresents data to avoid paying EPF, it would have to pay a fine of 5000 rupees. Once a company has registered with the Employee’s Provident Fund Organization (EPFO), it has to follow some rules and regulations as well. These rules and regulations have to be followed either monthly or yearly as has been mentioned in the act.

When PF Registration is Mandatory for Employers?

It has already been said that when there are 20 or more employees in an organization, the employer has to register for EPF. This is applicable to all kinds of businesses in India. Apart from that, the central government also has some rules and regulations in this regard.

If it feels that they apply to your business you may have to register for EPF. In such cases, the government would serve the business a 2-month notice irrespective of how many employees the company in question has. In these cases, it would have to register for EPF as soon as it receives the notice.

What are the Benefits of EPF Registration?

The money that people get from their provident funds helps them when they retire. The sum also comes in handy in case of emergencies such as illness, disability, and death of the employee. It can cover most of the risks that the employees may face in this regard.

The employees can also use the money that they have accumulated in such a fund for long-term plans such as the marriage of their children or making a new house for one. These PF accounts are uniform. This means that even when you change your employers you can always have the same account throughout.

What Documents do You Need for PF Registration?

Following is a list of documents that are needed to register for EPF:

  • Name of employer
  • Copy of the certificate of incorporation for societies, LLPs (limited liability partnerships), trusts, and companies
  • Employer PAN (permanent account number)
  • Partnership deed, address proof, and ID proof for all partners of a partnership firm
  • ID proof like driving license, voter ID, and passport
  • AOA (articles of association) and MOA (memorandum of association) for public and private companies
  • address proof of registered office like electricity bill, the registry for owned premises, and rent agreements for rented premises
  • The employer also needs to provide certain details of the employees for their UANs (universal account numbers). They may be enumerated as below:
  • Aadhaar card
  • email ID and contact number
  • PAN card
  • Birth date as mentioned in the Aadhaar card
  • Details of bank account such as IFSC (Indian Financial System Code) and bank account number
  • Employee’s designation

Online EPF Registration Process

While going to apply for PF (Provident Fund) registration, you’ve have to follow this registration process.

  1. Logon to PF registration portal
  2. Register your establishment with EPFO
  3. Register Digital Signature (DSC) of the Employer
  4. Fill up Application Form for a PF code number
  5. Save partial filed application form
  6. Submit the application form
  7. Upload relevant documents signed with DSC
  8. Final review of application
  9. Verify & submit the form
  10. Download allotment registration number of submitted application

The User-ID and Password will be intimated to the owner through SMS to his/her mobile number. The owner can login to ECR portal and create his/her own user-id and password and start give detail information of employee and do payment.

How We Help You in Your PF Registration

Do you want to get EPF Registration in Bangalore? Are you looking for help with online PF registration in Bangalore India? In that case, you need not to worry as PatsonLegal is here to help you in this regard. We can help you apply for EPF registration in India and obtain certificate for your business easily.

How to Get BIS Registration Certificate in Bangalore India

BIS Registration

Obtain BIS Certification License in India

The full form of BIS is the Bureau of Indian Standards. When you have BIS certification it means that third parties can be sure that the product would be a safe, reliable, and high-quality one. This process of BIS registration happens to be voluntary by nature. This means that if you want, you can apply for BIS registration in India to obtain the BIS certification mark license for your products. The Indian government has made this a mandatory requirement for certain products where you need such public health certification.

What is BIS Certification License?

The term BIS certification license signifies that you have the official document that means that you have received the certification in question of quality, safety and reliability alongside your products.

Importance of BIS Registration for Manufacturing

There are several reasons why a manufacturing business (you) should have to get the BIS certification.

  1. It states that your product is safe to be consumed or used by the public – that it would not pose any issues for their health.
  2. It also assures people that the product is of a high quality.
  3. It makes sure that the consumers are protected from products that happen to be dangerous for them.
  4. It increases & builds confidence among the customers as well.

Products Where It is Compulsory to Get BIS Certification

There are certain products where manufacturers have no option but they’ve to apply and obtain BIS certificate in Bangalore India for the use of BIS Mark on their products. They may be enumerated as below:

  • Concrete and cement
  • Jewellery products
  • Leather products
  • Diesel engines
  • Cylinders, regulators, and valves
  • Household electronics
  • Medical equipment
  • Food and other such products
  • Electrical transformers
  • Oil pressure stoves
  • Testing instruments
  • Automobile accessories
  • Rubber and plastic
  • Steel products
  • Equipment and machinery
  • Wood products

What are the different kinds of BIS certification schemes in India?

There are four main kinds of BIS certification schemes in India

  1. The normal procedure that is followed by the domestic manufacturers;
  2. A simpler procedure that can be followed by the domestic manufacturers;
  3. The eco mark scheme; and
  4. The foreign manufacturers’ certification scheme;

Normal Procedure for Domestic Manufacturers

In the normal procedure you – the manufacturer – would have to submit the application along with the requisite fees as well as the documents that are necessary in these cases. Once your application is submitted it would be evaluated by a BIS officer. Here your product samples would be checked and an independent test report would be created. When the results of such sampling procedure are fine – and all other factors are acceptable – you would get the BIS registration as well. Normally, the registration would be granted within 4 months of making the application in these cases.

Simplified Procedure for Domestic Manufacturers

You can also make the process simpler for yourself by getting your sample tested by a lab that has been approved by the BIS to do such a test. You would have to submit the sample with said test report. If the reports are okay the BIS officer would come visit your factory and check it out. If everything goes well in these cases you can get the approval within 30 days of having submitted the application.

Eco Mark Scheme

BIS also provides the Eco Mark Scheme to products that are environment friendly. This can be called a special scheme as such. These products are normally categorized on the basis of certain basic requirements that are mentioned in the Indian Standards.

Foreign Manufacturers Certification Scheme

ISI (Indian Standards Institute) has come up with a mark is called as ISI Mark that is meant specifically for overseas manufacturers. This is also granted and designed specially as per a different scheme. The time taken in these cases is 6 months.

What is the Process of BIS Registration?

The procedure of BIS registration can be categorized into two categories – licensing process and surveillance process.

  1. Licensing process

In the first process you would have to take the following steps:

  • You would have to submit your application
  • The BIS officer would then visit your facility for an initial inspection
  • After this inspection BIS would test your samples
  • Once the entire evaluation is finished the results would come out
  1. Surveillance process

After licensing process, it comes to surveillance process, where the whole process of inspection of the factory is carried out at the premises and BIS labs.

See, this process is comprising with the following steps:

  • The inspecting authority would come and test the facility
  • After the testing, they would take the samples
  • The samples would be sent to independent labs
  • The test report would either highlight issues with the sample or provide feedback
  • This would be succeeded by the performance review report
  • The license would be granted on the basis of the report

What Documents are Needed in These Cases?

You need to offer a number of documents as part of your application – PCB layout, user manual, schematic diagram, and critical components list.

In Conclusion

You need to keep in mind that the entire process takes around 30 to 35 days to be completed. The testing phase could take anywhere between 15 to 20 days and the application process could take around 10 to 15 days. It is always better to avail of the help of a BIS certification consultant in Bangalore to get such work done.

Karnataka Shops and Establishments Registration in Bangalore

Shop Establishment

If you are looking for information on how to get shops or establishments certificate, you need to know that you would have to do it as per the Karnataka Shops and Establishment Act. It is supposed to regulate the commercial establishments and shops in the state.

It was introduced with the precise intention of regulating various aspects of commercial shops and establishments such as the hours of work, compensation and wages, annual leave with wages, and employment of children and women in these establishments.

It basically safeguards the employees and workers of an organization even as it lays down the working conditions. It does so by determining the following:

  • Working hours
  • Opening and closing hours
  • Wage rate
  • Weekly, monthly and annual holidays

It provides special attention to the children employed in such establishments as well as the women who work over there.

The Labour Department of Karnataka plays an important role in the context of shops and establishment. As per the rule the businesses have to be acquired this labour registration license from the definite local authority for their smooth operations.

Who is liable to get shop & establishment registration?

Every establishment and shop that is doing any kind of trade, services, or business within the boundaries of the state itself has to get this registration.

This has to be done within a period of 30 days of having started business operations as per the rules and regulations of the Act. It is important that you know how to apply for shop & establishment registration in Bangalore Karnataka.

The following businesses need shop & establishment license:

  • Shops (any type of shops selling items to consumers)
  • Offices
  • Canteens
  • Small food vendors
  • Business entities
  • Consultancy establishments
  • Legal service provider organizations
  • Personal training establishments
  • Financial institutions
  • Coffee bars
  • Theater
  • Cyber cafés and etc.

Why a business needs shop & establishment license?

Look at the benefits of this license for that reasons the businesses must need it:

  1. To get permission to run a business legally on a certain place
  2. Helps to demonstrate your shop or establishment certificate as proof while the concerned officer is asking or visiting to your business premises
  3. Helps you to get loan easily from banks or financial institutions
  4. Helps you to think on expansion and growth of your business
  5. Helps you to enjoy the tax benefits and exemptions from State Government
  6. Helps you to open a current account easily

To get the right to do all-purpose business legally in a certain place of your locality and recognize you as an officially authorized entity to carry out the business, it is must required. And you’ll be ensuring that you are in safe zone from the eyes of local legal department.

Difference between trade license and shop & establishment

A question might be arising to your mind why some businesses are acquiring shop license and some others are trade license. Yes, some specific reasons are there that’s why the particular type of business organizations are taking these licenses. So we stated a few distinctions between them in below next paragraph.

We share a little information about trade license in this article, because most of the business organizations are asking about who has to take permission for trading business and who has to take license for shops and establishment.

Hence, trade license is needed for traders or manufacturers those who are doing any kind of commercial activity in certain place.

The following entities mainly need trade licenses:

  • Traders
  • Manufacturing industries (producing items for commercial purposes)
  • Hotels
  • Restaurants and etc.

But, for shop and establishment license, we’ve mentioned it in the above paragraph for which it required. Please refer it from top.

See the 6 major points how shop & establishment and trade license are different

Shop License Trade License
For small & unorganized sectors Especially for traders & manufacturing sectors
For Common type of business For Particular kind of business
Required permission from local labour department for doing general trade Required permission from local government for a particular business purpose
Follow rules & unethical business practices Follow safety guideline & rules of government
Can obtain license on residential site Obtain license on commercial site
This license is mandatory This license also mandatory
Examples: Shop, Offices, Restaurants, etc. Examples: Traders, Manufacturers, Hotels

The biggest difference between a trade license and shop & establishment registration is that you need a trade license in order to start a particular kind of business and you need the latter in order to start your business in general.

With the former you are taking the permission to start a certain type of business while concerning the latter you are registering your business with the local governmental authority.

You can obtain shop & establishment registration on your residential premises as well. On the other hand you can get trade license only on commercial premises.

As per laws, getting a trade license is mandatory. This is simply to make sure that you are not indulging in unethical business practices and following the safety guidelines and rules that are issued by the government on a regular basis.

The trade license is a state government of Karnataka policy which applicable to only trading, manufacturing industries, factories, hotels, restaurants and etc.

On the other hand, shop and establishment registration is necessary for all such entities that may be providing any service or doing any business as such.

Consider an example, if you wish to be involved in a legal service or business activity as such you need to have a trade license. On the other hand, which is primarily a small and unorganized sector that uses the shop and establishment registration.

Documents needed for shops and establishment registration in Karnataka

Following are the documents that are needed in order to register your shop and establishment in Karnataka:

  • Photo of the authorized signatory – proprietor/ managing partner / director – 2 photos are needed in this case
  • Statutory document – partnership deed / incorporation certificate
  • Identity proof of the authorized signatory – copy of PAN (Permanent Account Number) card / driving license / voter ID
  • Authorization letter – this is to be signed by the authorized signatory in accordance with the format that has been prescribed in this case
  • Address proof of the entity- rental agreement or property tax receipt (this is applicable in cases where the applicant owns the premises)
  • Employees – information on the number of employees you have to provide

Shop and Establishment registration process

The following steps are required to get a license:

  1. Submit application online along with the Form A containing employer details
  2. Submit physical copy of online application in regional circle
  3. Verification is carried out by the local labour inspector
  4. Make necessary payment towards the registration fee
  5. Issue certificate by department

We are into the field of business consultation, providing intellectual property, company incorporation, and legal and accounting services in Bangalore. For any help regarding this matter, can contact us now we’ll be happy to serve you.

How long this certificate does valid for?

As per the rules, this registration certificate is valid for 5 years. By acquiring this license you have reserved the rights to run your business smoothly for this time period. Before it gets expire, you have to renew it on time.

How often do you have to renew this registration?

Before finishing its term period, the business should have to renew the license. Normally, you need to apply to the local municipal corporation with the necessary fees and relevant documents in order to get the registration renewed. And these days, every work related to this field can be accomplished through online also. So you can complete it with the help of the exact professional experts.

These days, there are several service providers that are ready to help you in this particular regard and take care of all the necessary work on behalf of you. If you need our assistance, we are ready to help you in this regards.

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How to Register a Public Limited Company in Bangalore India

Public Limited Company

As per the Companies Act, 2013 a public limited company is one that has limited liability and also offers shares for the common people. Anyone can buy the stocks of such a company. This can be done privately by way of an IPO (initial public offering) or through trades in the stock market. A public limited company has to be regulated strictly and it also has an obligation to provide proper information regarding its financial health to its shareholders.

Before doing registration of public limited company, the organization should know, understand and clear about the features, advantages, requirements and process so you could proceed for next step. And the most important thing is hiring the right consultant could be benefited, so they can guide you and support in your journey.

What are the characteristics of public company?

As has been mentioned in the provisions of the Companies Act, 2013; you need at least 3 directors in order to start such a company. So you need a minimum of 3 directors. There are no restrictions on the maximum number of directors that you can have in such a company.

The second characteristic of such a company is limited liability. Each shareholder has limited liability with regards to such a company. In layman’s terms this would mean that no shareholder over here is responsible personally for any loss that the company has suffered or any debt that it may have incurred. They are only responsible for the amount that they have invested in the company.

This makes such a company different from other kinds of companies such as partnerships and sole proprietorships where the business owners and partners are responsible in many ways for the debts incurred by the business. However, this does not mean that the shareholders of such a company are immune to any loss or debt of the company in question. They will always be held accountable for any illegal step they may have taken in the regard.

There are some requirements related to paid-up capital over here as well. As per the rules such a company needs to have a minimum paid-up capital of INR 5 lakh.

These companies are mandated by the laws to issue any prospectus for the common people. This is the simple reason that’s why they’ve given permission to invite people to buy their shares if they want.

The Companies Act, 2013 also makes it necessary for them to add the word limited at the end of their name.

What are the advantages of public limited company?

One of the biggest advantages of a public limited company is that it has access to more capital. This is because it can offer its shares to the common people. This means that anyone can invest in such shares. This in turn improves the capital at the disposal of such a company as well.

Such a company also gets a lot more attention and this is for the simple reason that it happens to be listed on the stock market.

This is the presence that garners of such company get attention from the likes of hedge funds and mutual funds as well as other traders who are always keeping an eye out for the business performance of such a company. This in turn leads to better business opportunities for such a company.

These companies are also able to spread risk a lot better. This is because they sell their shares to the common people and this is how they are able to spread out the unsystematic risk of the markets.

Since these companies have lesser exposure to risk they have better opportunities for growth and expansion. In fact, they have the perfect opportunity to do so. They can easily generate money with the help of the shares and use it to invest in new and exciting projects.

What are the criteria for registering a public limited company?

The Companies Act, 2013 has prescribed a number of rules and regulations in order to form a public ltd company.

You need to have at least 7 shareholders and 3 directors. You also need a minimum paid-up capital of INR 5 lakh. One of the directors has to have a DSC (Digital Signature Certificate). It would be needed when you submit self-attested copies of the address and identity proofs of the directors.

The directors should also have a DIN (Director Identification Number). You would also have to make an application in order to choose the name of the company in question. You would also need to make an application where you put the primary object clause of your company.

The object clause would state what the company would do after it has been incorporated. The application would have to be submitted to the ROC (Registrar of Companies) along with documents that are needed in this case such as MOA (Memorandum of Association) and AOA (Article of Association).

You would also need to fill up some forms – DIR – 12, INC – 22, and INC – 7 – properly and submit them along with the application. You would also have to pay the prescribed registration fees to the ROC.

After you are able to get the necessary approval from the ROC you would have to apply for the certificate of business commencement.

What are the documents needed to form a public ltd company?

You need to prepare the following documents in order to incorporate your public limited company:

  • Identity proof of all directors and shareholders
  • Address proof of all directors and the shareholders
  • DSC of all the directors
  • DIN of all the directors
  • PAN (Permanent Account Number) of all the shareholders and directors
  • MOA (Memorandum of Association)
  • Utility bill of the proposed registered office for the company
  • AOA (Articles of Association)
  • An NOC (No Objection Certificate) from the landlord of the premises where you would be setting up your office

What is the process for registration of public limited company?

See, these steps are required to get incorporate a company:

  1. Choose a new and unique name
  2. Apply for company name approval
  3. Obtain approval from MCA department
  4. Apply digital signature for directors
  5. Apply DIN for directors
  6. Prepare MOA & AOA
  7. File forms & documents for incorporation
  8. Get COI of company

In the first step of the process, you need to choose new fresh name of the company and get approval for that. The name has to be a unique one. It should not be same in any way, shape, or form to a company that already exists.

The same also goes for trademarks during selection of name on private limited company, LLPs (limited liability partnerships) and OPC as well. So, choose wisely.

In the second stage of process of public limited company registration in Bangalore you have to file your application for company incorporation online. At this stage the digital signatures are issued by the relevant authority.

In the third stage you would have to file for incorporation. In this case you would have to fill up Form Spice 32. Once this is approved by the concerned authority your Certificate of Incorporation would be issued.

In the final stage you would have to deal with areas such as PAN, bank account, and TAN (Tax Deduction and Collection Account). It is the IT (Income Tax) Department that would allot TAN and PAN. The same would be mentioned on your Certificate of Incorporation as well. Once you get them you would have to concern yourself with opening the bank account.

Getting expert support and guidance

Now, as you may have seen, the process of public limited company registration is not an easy one at all. In fact, it is unlike anything else you may have ever done in your life earlier on. This is why you need experience and expertise professional in order to get the work done and that too in the best way possible. This is where the companies that specialize in such work can come in and play such an important role in every sense of the term.

So we are Patson Legal Company would be able to help you for the simple reason that we have been in the field of business industry for quite 8 years time now and fix your problem with easy techniques. We have been there and done that for plenty of companies such as you.

Rest assured we would be able to assist you with the incorporation of your public limited company as well for others also. You can be sure that with our help & support there would be no mistakes at all, something that can happen if you attempt such a task all by yourself.

You can also be sure that we would be able to complete such work in lot less time than what would have been possible for you.

Design Registration: How to Register a Design in Bangalore India?

Design Registration

How to Get Registered a Design in India?

A design or blueprint of any products matters to give a good name of a finished item. And it shows what uniqueness and aesthetic appearance within it. This is the great assets of a creator as well as the organization who invented it.

If a person or enterprise is really inventing some designs for its own as well as for public purpose, my recommendation will always be there it should have to go for a design protection. Because it’s your own creation, so no one can misuse and infringe it.

To obtain the registration for a new design, one has to apply it with central offices of IP (intellectual property) department and take the follow up and know the status of application when it is going to get certified.

The process of design registration can be defined as one whereby you register your business design with respect to the Design Act, 2000.

What is a design?

Design is a plan or drawing is produced to show the look and function or working of a product or object before going to made it.

Simply we can say that a design can be an aesthetic aspect or outward appearance which is applied to made a product. It could be 2D like patterns, lines, compositions, colour or 3D like shapes or combination of both 2D & 3D.

In legal terminology a design refers to all principles and modes of construction. It could be anything which is in substance a sort of mechanical device. It also refers to a registered trademark that indicates connection during the course of trade in goods. In this case it enables a person who has the right – as a registered user or a proprietor –to use this particular mark. The term also denotes any trademark that signifies that a particular person has ownership of moveable property.

Example of Design: There are numerous examples you could find on internet about products design assume as from footwear design to spacecraft.

A design is also a trademark that all of the following:

  • Painting
  • Sculpture
  • Drawing
  • Engraving
  • Photograph
  • Work of architecture
  • Work of artistic skill

Who can file design application in India?

A true and first creator or inventor, assignee of the inventor or legal representative can file an application in India.

Why should you register a design?

If as an owner or creator of a design you do not register the same you would be left without any right over the same as such.

If you want to protect your novelty and uniqueness of your design so that no one can copy and use it, for that you should have to apply for design protection in your concerned IP Department. Through this registration it is only possible to protect your product’s design.

See the top 4 reasons for this an inventor should need this:

  1. Product is your asset and can be licensed for it to avoid fraudulent or imitation
  2. To stop others copying your unique design
  3. Right to prevent all others from producing and selling identical appearance of your products
  4. Create a Unique Selling Proposition (USP) for your products

Criteria for design registration

In order to file for a design registration, you need to provide important details such as your name with citizenship and full address.

You also need to provide information on your legal status – whether you are an individual or a company. If you say that you are a startup you need to furnish the certificate that states that you have filed with the government of India. You need to describe the article and identify its class as well as per the necessary norms in this regard. You also need to file a drawing or an image of the article whose design you are registering. In the application you also need to make the claim of novelty. This states the extent to which the article in question could be deemed to be a novel one.

  • Design should be original and new
  • It should not be published in India and any other countries
  • A design should be significantly distinguishable from known designs
  • A finished design article should be appealing and eye judging

What are the documents that are needed to file such a registration?

In order to file such a registration, you need to furnish a number of documents along with your application. You need to provide either certified copies of extracts that you have procured from disclaimers or a certified copy of the original. Apart from that you need affidavits, declarations, and a variety of other public documents that are provided in lieu of fees. The affidavits have to be supplied in the form of photographs. They should also contain declarations of verifiability and truth.

Here check the list of noted documents (requirements for filing a design application)

  • Creator name, nationality and address information
  • Products drawing
  • A certified copy of original invention
  • Photographs of design in different views
  • Power of attorney (declaration from inventor)

What is the process of filing the design registration?

To start with, you need to apply to register the design by filing an application. This needs to be done on a prescribed form that should be accompanied by a definite fee that is prescribed for the process. You also need to provide 4 copies of the design’s representation. You can file the application at the Design Wing of the Indian Patent Office, which has branch offices at the 4 metros of India – Kolkata, Delhi, Mumbai, and Chennai. It is at Kolkata however that the head office is at.

All the applications are normally sent to this office for the purpose of prosecution and processing. The process here is different than what happens with patents. Over here, the moment the application is filed for registration it gets taken up for examination. You do not need to make any separate request in this case. In case objections are raised you would be notified of the same in due process and time. After that you would have to correct the issues and resubmit your application at the Patent Office again. You need to complete this process within 6 months of the original date of application.

If all the issues that were raised in the examination report are corrected the application would be accepted. Once this happens the Patent Office would issue the registration certificate and after that it would be published in the journal of the office. In case you have not amended the issues you would be given a personal hearing. It is after the completion of the hearing that a decision regarding accepting your application would be taken by the controller.

How long is this design registration applicable?

The design registration is applicable for a period of 10 years starting from the date that it was registered. You can extend it for 5 years by applying for an extension and providing the necessary fee.

Conclusion

Design is another intellectual property (IP) [such as Trademark, Copyright and Patent] of an organization or true inventor. Why should you left away for others to use? Make your right for own creation.

If you want to know how to apply for design registration and get design registration in Bangalore you should get in touch with a design registration consultant in Bangalore.

How to Get Copyright Registration in Bangalore India?

Copyright Registration

An Overview of Copyright Registration in India

Copyright is a right that the law gives to its owner. These people are normally ones who create literary, musical, dramatic, and artistic works or produce sound recordings and films. Copyright for unique or noble work can be defined in fact as a group of rights whereby you, the owner, are able to reproduce, communicate to public, adapt, and translate a work for example.

Depending on the kind of work that it is there could be a bit of change in the way the rights are composed. When you have copyright, you have a few minimum rights that act as safeguards over the work that you have created and copyrighted.

This is how this particular law protects creativity and thereby encourages it as well. Creativity is the basis of growth and this means that no educated society can ignore the need to encourage it. It is a fundamental requirement.

In fact, the extents of societal and financial development of a society are dependent on originality as well. Copyright is something that creates an environment that is ideally conducive to creativity as such. This in turn acts as motivation for others as well.

What is copyright registration?

The process of copyright registration can be described as the one that you follow in order to register the copyright of a certain work in your name with the appropriate authorities. In India it is given as per the Copyright Act 1957.

Why a creator should register his/her works under copyright law?

Getting copyright is not mandatory as such but it is always advisable to do so. This is because it provides you a certain set of rights over your work and a certain degree of protection as well. Having copyright ensures that for a certain period of time no one would be able to copy your work as such. When you are satisfied thus you would always feel the urge to create more such work.

What are the benefits of copyright registration?

In India a copyright stays for 60 years. This means that in this period no one else would be able to imitate, reproduce, or copy your copyrighted work in any way, shape, or form.

There are many reasons for an owner to get copyright over its original creation, some of them are included here:

  • The law provides exclusive right to the owner for protection of work
  • Owner has the right to perform or display the unique work publicly
  • Copyright holder can produce, use and reproduce copyrighted article (literary or artistic materials) and sell the work with copyright protection
  • It enables copyright owner to take action on infringement of his/her own original work
  • The creator has exclusive right to protect the copyrighted things form being misused by the competitors and other third parties
  • The copyrighted property can be franchised or contracted to certain time period on creator’s wish
  • To get economical help, the copyright holder can sell or lease his/her copyrighted items to selected parties whilst retaining the moral rights and legal ownership of original work

Which works are protected by copyright?

There are six main categories of works that are protected by the copyright laws in India. They may be enumerated as follows:

  • Part 1 – Literary works with the exception of computer programs
  • Part 2 –Musical works
  • Part 3 – Artistic works
  • Part 4 – Cinematography related works
  • Part 5 – Sound recordings
  • Part 6 – Computer programmes, compilations, and tables

Requirements for filing a copyright

Following particulars are needed in order to file a copyright:

  • Name, address, and nationality of the person who is filing the copyright in case she or he is not the author or creator
  • Your name, address, and nationality
  • Nature of your interest in the copyright – licensee or owner
  • Title of the work
  • A signed declaration from you
  • Language of your work
  • Status of publication
  • If it is a published work country and year of first publication as well as name, nationality, and address of publisher
  • If it is a published work years and countries of subsequent publication
  • In case any other person has been authorized to license or assign the rights in the copyright her or his name, nationality, and address
  • Power of attorney in case it is a firm
  • Three soft copies and six hard copies of the work
  • If it is a computer programme 3 copies of the same on a CD (compact disc) ROM (read only memory)

What is the process for registering copyright in India?

To get the copyright registration certificate in Bangalore India you’ve to follow the following process:

  1. Preparing details for application
  2. Make a copyright application to Registrar
  3. Receiving a diary number from Registrar
  4. Wait 30 days to get objection for application/ if objection isn’t raised, the application would be go for scrutinizing process
  5. The examiner informed to both parties and arranges a hearing date
  6. Grant registration for copyright
  7. Extraction of registration sent to Registrar

The process of registering copyright starts with you sending an application to the registrar along with the fees necessary in this regard. Keep in mind that the application should include all the necessary particulars as well as the statement of the same. If you are applying for a number of works you would have to make a separate application for each. You can get latest information on the fees at the official website of the department that handles such work. It normally tends to vary with respect to the work.

You need to sign all the applications and so has to your lawyer whom you have given the POA (power of attorney) in this case. After receiving your application, the registrar would provide a diary number. The mandatory waiting period in this case is 30 days during which the office would be waiting for objections to be made to your copyright application. If there is no objection made to your application in this period it would be checked by the scrutinizer. The main intention here would be to find out if there is any discrepancy. After that the registration would be done and an extract of the same would be sent to the registrar.

This would be done so that it could be entered at the Register of Copyright. In case there is any objection made within said period of 30 days the examiner would inform both you and the entity who has objected to your application via a letter. Both of you would be given a hearing. Once the hearing is done the application would be scrutinized by the examiner officer.

And by following this, the application would either be accepted or rejected. You would be informed at all stages so that you stay in the loop.

Get help & support on copyright

You may be worried as to how to do copyright registration or get your copyright registration certificate in Bangalore. In that case you need not worry because copyright registration in Bangalore has become a lot easier than what it was earlier.

These days, there are several companies that are offering some great services in this particular regard in the capital city of Karnataka. They know exactly how the work needs to be done and they have plenty of experience in such work as well. This means that you can always trust them with such work. If you need our help in this regards, we’ll be happy to serve you for your business.

How to Setup a Startup Company in Bangalore India

Steps to Start a Business

To establish a business entity in India; the entrepreneurs should have multi-talented qualities from washing utensil to managing team with great skills. Then they can survive and flourish their businesses with unfair advantages.

As you decided to start a business on certain products or services to solve the real problems of consumers; then it would be a great objective to achieve success in business. Listening to them; understand their need and making solutions is great challenge of business goal. If you would do such, there would be the chance of win-win game.

Before moving forward to your business journey, go through the below process and acquire certain legal certification as per the business need. Because it matters for your business as well as for customers, they would able know and understand you’re a registered and authorized organization and it builds a great trust from customer-side.

To help you get started, we’ve created a simple piece of infographic on business formation which helps you to understand and rethink about the process.

Business Setup Steps
Business Formation Steps

Here’s take a look how a company can be created with certain steps

Reserving and getting approval the name of your company online

The first step in setting up a startup in India is to get approval for the name of your company electronically. You can easily check your desirable company name through official website of MCA in order to see if your preferred name is there or not. At the most you would be allowed to submit 6 names.

Once a name has been approved it would be shown on the website.

Getting DIN for directors

You have to get a DIN (director identification number). You can file the application form DIN-1 online and get a provisional DIN. After that you would have to print the filled-up application form and sign it. Then you have to send it to the concerned ministry in order to get approved. You also need to provide proof of address and identity along with the application. When it is approved and verified you would get a permanent DIN.

Getting the digital signature certificate (DSC)

The MCA (Ministry of Corporate Affairs) has authorized a number of private agencies in India and it is only from one of them that you can get the digital signature certificate.

The application in this case needs to be made by the company directors on an application form that has been prescribed for the same. In this case you need to provide proof of address and identity.

Stamping the papers of your company

In order to get the incorporation documents of your company stamped, you need to provide unsigned copies of your MOA (memorandum of association) and AOA (articles of association). You need to submit the payment receipt along with your application as well. The Superintendent would normally return these copies and one of them would be duly stamped, embossed, and signed. After this the promoters of the company have to sign the MOA. You would also need to fill up certain information on your own.

Getting the certificate of incorporation

You need to visit the official website of MCA and fill up forms such as Form-1, Form-18, and Form-32. You would also need to provide scanned copies of the consent provided by the directors of the company. You also need to submit stamped and signed copies of your AOA and MOA. All these need to be attached to the Form 1. Along with this you also need to submit a power of attorney and a name approval letter. All these have to be submitted to the Registrar of Companies.

You would automatically get the certificate of incorporation at the registered office of your company. It would be sent by way of registered mail.

Making a seal

As a company you would need a seal in order to issue documents such as share certificates. The costs in this case would depend on the number of words that you are looking to engrave on the same, the time period within which you want the delivery, and the number of seals that you need.

Getting a PAN

You can make the application for PAN (permanent account number) by using Form 49A.

Once you get the PAN you would get a printed PAN card as well. You can also make the application for this online. However, you would still have to send the documents physically so that they can be verified.

Getting a TAN

You need to apply for the TAN (tax account number) by filling up Form 49B. You would have to submit the same at a TIN (tax identification number) facilitation centre. Once your application has been verified it would be sent to the income tax department and your TAN would be issued. You can apply for TAN offline or online through the official website of NSDL (National Securities Depository Limited).

Registering with the Office of Inspector, Shops and Establishment Act

In this case you have to apply to the local shop inspector. For this you have to provide a statement that contains the names of the manager and the employer as well as the name of the establishment. It should also contain the postal address as well as the category in question. Within 30 days of starting your business you have to register your establishment with the official in question.

Registering for GST

If your business has a yearly turnover of more than INR 20 lakh you should register for GST (goods and services tax) in India. If your business is in any of the following states however an annual turnover of more than INR 10 lakh would be considered enough for GST registration:

  • Assam
  • Tripura
  • Mizoram
  • Meghalaya
  • Nagaland
  • Sikkim
  • Arunachal Pradesh
  • Jammu and Kashmir
  • Himachal Pradesh
  • Uttarakhand

For the latest procedure in this case it is always better to visit the official website of GST.

Registering for professional tax

The Section 5 of the Professional Tax Act makes it mandatory for these taxes to be charged from every non-governmental employer. You also need to get a certificate of registration in this case from the professional tax office of the state where you are doing the business. In this case you need to fill up the Form 1.

Registering with EPFO

You also need to register with the EPFO (Employees’ Provident Fund Organization) in the region where you are doing the business. You need to do this in a prescribed way so that you can get the establishment code number. You do not need to register separately for the employees. Do keep in mind that this is a national requirement.

Registering for medical insurance

By registering for medical insurance, you would be able to insure each and every employee on your books and set up individual records on their behalf as well. According to the Employees’ State Insurance (General) you have to submit Form 1 for the purposes of registration. After this you would get the employee code number.

Startup India

Mention needs to be made of the Startup India Programme of the Indian government. The Prime Minister of India, Narendra Modi, announced this programme during the 15 August 2015 address that he made from the Red Fort at New Delhi.

The programme is based mainly on three pillars – interpretation and hand-holding, funding provision and incentives, and partnership and incubation initiatives between industries and academia. Through this programme, the government also wanted to do away with the restrictive policies that various state governments had at that point in time. This included the likes of License Raj, foreign investment proposals, etc. It was DIPP (Department of Industrial Policy and Promotion) that organized the same. Under the programme the government has already come out with a number of initiatives such as the MUDRA Banks Scheme and the I-MADE programme.

Getting professional help

If you are unable to manage all this on your own you can always avail the services of the likes of PatSon Legal that would help you at each and every step of the way. It is common knowledge that these processes can be really detailed and as such they can get pretty daunting as well.

This is where you understand the true value of these organizations. You can have complete faith on us because this is what we do for a business breathing requirements and you can be sure that we would do it a lot better than you as well.

Patent Registration in Bangalore: Requirements, Process & Benefits

Patent Registration in Bangalore

Know Overall About How to Get a Patent in India

You need to know how to patent an invention in Bangalore India; before you decide to go ahead with the step as such. With the help of patent registration consultant, you would be able to get patent over an intellectual property. It could be done by individuals as well as firms or organizations. The Indian government has come up with the IP (Intellectual Property) department in order to provide you the complete right to get your invention registered under patent.

However, in order to happen that your invention or creation has to be a unique one for sure. In return for that you – the inventor – have to show all the proof as asked by the government.

Patents have also been defined as a kind of exclusive right that the government grants you.

What is patent registration?

Simply, patent registration means applying your new, unique, useful and helpful invention to patent department and obtaining the registration certificate for that.

The process of patent registration means that you get greater preference over other entities when it comes to your invention. It is always important, in this context to get in touch with a patent consultant in Bangalore and get your work done by professional providers of patent registration services in Bangalore. In India the grant of patents is governed by a couple of acts namely Patent Rules, 1972 and Patent Act, 1970. You need to know however that a patent is not a matter of lifetime.

The invention in question could be anything. It could be the process, method or art to manufacture any of the following or more:

  • Apparatus
  • Machine
  • Computer software
  • Technical application
  • Chemicals
  • Drugs

These days, in all the major cities of India you would find the companies, they are willing to provide you this kinds of services in regards to patent, copyright and trademarks for the sake of protecting others invention, creation, design, brand and logo.

Why should an inventor register a patent?

There are several reasons to register a patent. The first reason is that why you do it, because you would get royalty by licensing your patent. At least in India you would be protected for a period of 2 decades. After that too you can use the patent for yourself. Thanks to your patent that you would also be able to stop others from using invention without getting permission for doing the same from you.

A patent can protect the following:

  1. Protects the intellectual property right
  2. Protects from unauthorized access of your invention
  3. Prohibit others from making, using and selling of products without inventor’s permission
  4. Action can be taken to unauthorized users under Patent Law & Act,

Who can apply for a patent?

As has been said already, anyone can apply for a patent. Means the true and first inventor has the right to apply a patent, it could be an individual, legal representative or a firm as well.

What are the criteria for filing a patent?

In order to file a patent, it has to be a unique one, it has to be an inventive or non-obvious step, and it should have industrial applications as well. At least some part of your patent has to be a new development. It should not have been published in India or anywhere else for that matter before the date on which you filed your patent application. The invention should be regarded by experts as a surprising or unexpected development in the field where it is applicable.

What are the advantages and benefits of a patent?

As has been said already, with a patent you would be able to protect your innovation. This way, you would also have the right to transfer or sell your patent right. The patent is normally valid for 20 years. With the help of the IP right that you get with the patent you would be able to save your invention and also stop others from using it without taking permission from you for the same. When you have patent right you can franchise or sell it as and how you wish to.

Here’s see the benefits of patent:

  • It consider as a super valuable asset
  • Increases the value and image of products over time
  • Increases value of your business
  • Helps to raise funds for business
  • You may give permission of your patent license to other parties to get extra financial help
  • Creates a great relationship with customer
  • Builds a good brand of your products
  • It is a great tool of marketing
  • Helps to make more trustworthy and etc.

Patent registration process

Before applying for your invention or creation on patent, you need to understand and clear about the below things, which are most important to obtain a patent for products or services.

See the aspect for filing process of patent application:

  1. Figure out the invention and find how is it beneficial & unique one
  2. Prepared symbol, drawing and pattern of invention
  3. Consult with a patent attorney whether the invention is patentable subject or not
  4. Make a public patent search on novelty of invention
  5. Decide whether to go ahead with patent filing
  6. Draft a patent application
  7. Filing of patent application
  8. Publication of patent application
  9. Request for examination
  10. Respond to patent examination report
  11. Reply to patent opposition
  12. Issue or grant of patent

Take a look at the picture and you’ll get a clear idea about the workflow of patent registration process.

Patent Filing Process
Patent Application Process

What are the steps for registering a patent?

In the first step of this process you would have to fill up the application form. These days, there are plenty of companies out there that are providing these services. All you need to do in this case is to fill up these forms along with some basic and relevant information. This information would be helpful when the patent registration application is filed.

In the second step you have to look for the patent search. Once your service provider has got the documents from your end it will do a patentability search on your behalf. This normally takes 1 working day.

In the third step the application is prepared on your behalf. This is done on the basis of the documents as well as the basic information provided by you. This normally takes around 3 working days.

After that comes to submission of patent. At this stage a final review is done before filing the patent. Once the review is completed, it has to be submitted to the respective patent office along with the supportive documents and it takes around 2 working days.

After submission of patent application, you will receive the acknowledgement via email.

After these stages, it goes for certain approval such as publication of patent, request for examination, issuance of the examination report, hearing with the controller, and grant of the patent.

What are the documents needed to apply for a patent?

You need to provide 6 forms along with your patent application.

In Form-1 you have to provide a duplicate copy of the patent grant application.

In Form-2 you need to provide a duplicate of provisional or complete specification. This should also include descriptions, claims, drawings if necessary, and abstract.

You have to provide a duplicate copy of statement and undertaking in Form-3.

In Form-26 you need to provide power of attorney in case you have assigned an agent. In this case the original copies of the document have to be attached.

In Form-5 you have to offer a duplicate copy of the declaration of inventor-ship. However, this is only applicable where the applicant and the inventor are not the same.

Form-28 needs to be provided in case you happen to be a small entity. Apart from this, you also need to provide a certified true copy of your priority document. This is applicable for cases where you have claimed priority. You also need to pay the necessary statutory fees in cheques or demand drafts (DDs).

Patent term and renewal

It would last only for a period of 20 years and after that it would be there in the public domain. If you’re maintaining and improving the quality of your product’s design invention, can apply for renewal.

How to Obtain Trademark Registration for Brands in Bangalore?

Trademark Registration

How to Register a Trademark in Bangalore India

When you have a brand it is very important that you create a proper identity for yourself. This is after all something that would help you separate yourself from others of your ilk and be a unique one in the truest sense of the word.

It is this unique identity that will help you to create a need for your offerings among your intended audience and clients. This is what would make you successful in the end. An important part of your brand identity would be your trademark. It is basically your trademark that would help you to be identified from your competitors.

To acquire a trademark for your unique brand name and logo, you need to prepare an application, file it to the concerned Trade Marks Department with the original supportive documents through the legal Attorney and he/she will take care of your brand name registration.

If it is your own originality in brand and uniqueness from others trade name, you can get the registration certificate within a short time.

What is trademark registration?

The process of trademark registration can be defined as one whereby you can legally make sure that the following items – any or all – that you use for your business cannot be used by others:

  • Words
  • Logo
  • Numerals
  • Slogans
  • Devices

As the owner of the trademark only you have the legal right to use any of the above-mentioned items for the purpose of promotion of your business.

Why trademark is important for your business?

Trademark provides a great opportunity to the marketplace and helps user identify your brand easily. Customers can recognize their favorite brand products or services that are registered with the identifiable symbol or mark.

Trademark serve as symbol of hope, trust and reliability that people believe:

  • Registered trademark protect your brand rights
  • Develops an intrinsic value
  • Create good reputation for your business
  • Your product or services become successful
  • Increases security of your business brand
  • Trademark distinguish you from your competitors
  • Make stand out in the market

What are the benefits of trademark registration?

When you get your trademark registered you are basically protecting your brand. You are making sure that its reputation stays safe. This way, you protect your ideas as well.

There is nothing to deny in the ultra-competitive world of business today you need to make sure that all these aspects of your business, for which you have invested so much in terms of blood, sweat, and tears, stays yours only and cannot be appropriated by anyone else.

Having a trademark also makes sure that you stay protected legally because the trademark registration process in India is such that you cannot take anyone else’s trademark and no one else can take yours. The process may be a time consuming one but let that not bother you.

If anyone is making piracy to your brand, you can take action on them through legal process.

Documents required for trademark registration in Bangalore

For new trademark application

  • Words/phrases/text of trademark name
  • Logo or symbol of trademark design in JPEG image format
  • Authorization to trademark agent in TM-48 Form for filing, prosecuting application to trademark register and communication purpose

For using brand name application

  • Business invoices
  • Tax paid receipt
  • Advertisement cutting

Trademark registration process in Bangalore

In this day and age if you are running a business in Bangalore or any other part of India; it is very important that you know how to apply for trademark registration for Bangalore.

  1. The first step of this process requires you to look up a brand name that is as unique as possible.
  2. After that you need to get application ready.
  3. After this you need to fill in application to register your brand name.
  4. Once this is done the authorities will go through your application. If your application is accepted the brand name would be published in the Trademark Journal.
  5. In case any third party opposed this, you have to respond that with proper evidence.
  6. If this part is successfully completed as well you would be issued the trademark registration certificate for your brand.

How to apply for the trademark registration?

There are major two parts to this process –

  1. Preparing the application and
  2. Then filing the same with the appropriate authorities;

During the preparation of trademark application, you’ve to provide applicant’s details, products or services or name and logo details according to that the Class will be selected, organizations details and preparation of certain forms.

While filing the application, in this step of the way you would need to submit certain documents such as your business registration proof, a soft copy of your trademark, proof of your claim that the trademark can be used in another country as well, and a power of attorney signed by yourself – the applicant.

There are two ways in which you can file for the registration. You can go for e-filing or manual filing.

In case you decide to do it manually you would need to physically visit the office of the Trademark Registrar. After that you would need to wait for a minimum of 15 to 20 days in order to receive the acknowledgement receipt.

However, if you decide to e-file you would get the acknowledgement receipt almost immediately. Then you would also have the right to use the TM (trademark) symbol beside your selected trademark. In these cases, you need to fill up the SPICe Form to get the approval of name and pay a charge of INR 1000 for that.

After the application of trademark registration, the below cases may or may not be arise during the process. If it is raised, you have to provide the supportive documents with proven evidences that you are using that brand; it is unique and created by you only.

So these 5 things could possibly occur at the time of trademark registration:

  1. Examination to trademark application
  2. Show cause hearing
  3. Advertise for Journal publication
  4. A wait for opposition
  5. Receiving registration certificate

What is trademark objection or examination?

There are two occasions on which your trademark could be objected to. The first is when the Trademark Registrar is reviewing your application. If the registrar objects to your trademark at the application review stage you have to right to appear before him and deal with the issues with your trademark.

In case the officer happens to be satisfied with your explanations and justifications he would allow it to be published in the Trademark Journal.

This is the second stage where there can be an objection to your trademark. However, this objection has to be made within 90 days of the publication after which the trademark would be deemed passed.

What is trademark hearing?

This process happens when the trademark is objected to by a third party in the 90-day period of its publication in the journal. This hearing is conducted by the Trademark Hearing Officer. Both you – the defendant – and the accuser have the right to be present at this hearing. Over here both of you would provide your sides of the story after which the trademark application would either be accepted or rejected.

When is the trademark published in the journal?

As has been said already, the trademark is reviewed by the trademark registrar after which it is published in the trademarks journal. This happens to be a weekly publication and it contains all the accepted trademarks. The main aim of this publication is to inform the public regarding all the trademarks so that if they feel that any trademark registration will cause loss or damage to them they are able to launch their oppositions regarding the same. If there is no opposition within a 90-day period it would be registered within the span of 12 weeks.

How trademark registration certificate is provided to owner?

If there is no further objection or opposition of any sort to a trademark the authorities will prepare the trademark registration certificate and trademark manuscript. They will be then sent to the authorities in question for the trademark to be registered.

After the certificate has been issued, the trademark in question would be registered in your name and you would have the sole right to use the same. You would also be able to use the registered symbol – R in a circle – right next to your trademark or logo.

These days there are plenty of service providers that can help you to get done your trademark registration in Bangalore. So, you need not have to any worries in regard to this matter. If you need our help, please feel free to contact us on this regard. We are here for assisting to complete the application and handover to you.

How much time will it take to register a trademark in India?

As you know trademark is a part of Central Government’s authority of Intellectual Property; so it is a lengthy process and takes time to get registered your brand and logo in trademark department, India.

Usually, a TAN (Trademark Application Number) will be issued to you immediately and it will send to you within 2 to 3 days of filing an application for trademark registration through your Agent or Attorney. And if everything is ok from your side, means no objection, hearing and opposition then you will be getting the registration certificate around 7 months of application.

Because we have that much of experience and also applied for many of our clients and got it; so we are sharing this.

If any objection and next opposition is raised, it is difficult to say at what time you could receive your certificate.

How to check a trademark status?

To check the status of a trademark application and its update information, one should have to visit the IPINDIA website and follow the steps to track the process:

  1. Go to this page http://ipindiaonline.gov.in/eregister/eregister.aspx and click on Trade Mark Application/ Registered Mark from left panel and then select National/IRDI Number radio button.
  2. Enter Application Number, verify captcha and click on View After that you will get a list of link having application number, brand name and status.
  3. Click on application no. link, it will display you the position of your trade name.

IEC Registration Online in Bangalore: Documents, Process & Benefits

IEC Registration

An overview of import export code (IEC) registration and its procedure in India.

If you are in the business of importing or exporting goods you would need IEC (Import Export Code) registration. This is basically a 10 digits alphanumeric number code that is provided by the DGFT (Directorate General of Foreign Trade) Department from Ministry of Commerce and Industry, Government of India.

The IEC code number is exactly same as the PAN number of proprietor, partner, director or company. The department will assign the same number as your import export code number.

This IEC registration is totally online based process, everything has to do from a computer, no need to visit to your local office; application, payment, and getting license certificate shall be issued from the concerned Joint Regional Offices through online.

All the businesses that are in the domain of import and export need to get registered for this particular code. The good thing about the IEC is that it comes with lifelong validity. Importers are not allowed to work if they do not have this code and if exporters do not have the code they would not receive the various benefits that they normally get from the DGFT, the Export Promotion Council, and customs.

These days, it has become a lot easier to get IEC registration in Bangalore thanks to the sterling services being provided in this regard by a number of specialized service providers.

This particular code is known by a number of such names as the following:

  • Importer exporter code
  • Import export license
  • Import export number
  • IEC
  • IEC license
  • IE license

The thing with this code is that you can avail it in your name as well as that of the name of your company. If an IEC is issued to you it shall be applicable for all the divisions, factories, units, and branches of your company. Since it is valid for lifetime there is no need for you to renew it at all. This is one more advantage of this code.

Cases where IEC is required

Here are the following situations where import export code (IEC) is necessary for importer or exporter.

  1. Importers need to quote the IEC when they clear the customs.
  2. Banks also need this code from the importers when they have to send money overseas.
  3. As far as exporters are concerned they must provide the IEC when they are sending shipments outside the country.
  4. In case of exporters banks would need the IEC when money is sent to their accounts from overseas.

Who should obtain IEC registration?

If as a business you intend to export or import of goods and services from or to India, then you have to obtain the IEC.

What is the need for the Import Export Certificate?

We have already discussed briefly in the introductory part of this piece as to why you need to have the IEC. However, you still need to know that there are certain situations, where having this code is absolutely important.

  1. If you are an importer and want to clear your shipments from the customs then you would have to furnish it to the customs authorities.
  2. If you are an importer and sending money outside the country through a bank then that bank will need your IEC.
  3. If you are an exporter and sending your shipments outside India then the port customs authorities would need the same.
  4. If as an exporter you get money deposited in your bank account in foreign currency straightaway then your bank would need this code as well.

Documents needed for IEC registration

The following documents have to be provided in case it is a business owner, partner, proprietor, or director applying for the IEC:

  • Copy of PAN (permanent account number) card
  • In case it is a partnership a copy of the partnership deed
  • Passport size photograph
  • In case it is a company self declaration or board resolution
  • Copy of voter identity card or Aadhaar Card
  • In case it is an individual owner a telephone bill in his name
  • In case it is a partnership a letter of authorization
  • Cancelled cheque in case it is an individual
  • In case it is a company a letter of authority from other directors on the official letterhead

The following documents have to be provided in case it is a company applying for the IEC:

  • Copy of PAN card of firm or company
  • Telephone bill in the business’ name
  • In case it is an owned property copy of papers of property
  • In case it is a partnership copy of service tax returns
  • In case it is a rented property copy of rent agreement
  • In case it is a company the certificate of incorporation
  • NOC (no objection certificate) from the landlord
  • Bank statement of firm or company
  • Cancelled cheque of firm
  • In case it is a company AOA (articles of association) and MOA (memorandum of association)
  • Electricity or water bill for the place of business
  • In case it is a company a letter head

How to apply for IEC registration in Bangalore?

These days, the Indian government has made it easier for people to file for IEC registration online. The process is a fairly lengthy one and needs around 3-7 days to be completed. The first step is to prepare the application. The application form in this case would be the Aayaat Niryaat Form (ANF) 2A. The application in this case has to be made to the DGFT in the state or region where your registered office would be based.

The second step in this case is of processing the application. When you submit ANF 2A you would have to focus on some critical details such as the following:

  • Details of the business as well as its proprietors, partners, and directors
  • Details of bank account
  • Bank certificate

These in fact are the basic requirements in this case. When you submit the form you also need to make sure that you submit all the necessary documents as well. You would have to provide your digital signature in these cases as well.

Once you are done with the process of application you would need to file it with the appropriate DGFT. You would also need to pay an application fee in this particular regard. At times, your application could be sent back by the IEC department for changes or corrections. In that case you would have to provide a reply within a space of 15 days to the DGFT.

After the department verifies your application totally you would be issued an IEC by the DGFT. This code would be provided in hard copy as well as soft copy. The soft copy would be sent through email and you can get started with your import export business straightaway with that one.

Documents file type need to upload during IE code application

Scanned or soft copy of following documents is required to apply for IE code registration. Only 2 format is acceptable, i.e. GIF and PDF. See the file format type of documents:

  • Photograph, PAN Card and Passport – GIF format
  • Sale Deed, Bank Certificate, Company Registration Certificate, MOA & AOA, Partnership Deed and Declaration Document – PDF format
  • Voter ID, Aadhaar Card, Driving License and Cancelled Cheque – GIF/PDF

What are the benefits of IEC registration?

The benefits of IEC registration may be explained as below:

  • With the help of IEC you would be expand your business as much as you can and wish to. You would be able to take your products and services to various markets of the world and thus grow your business.
  • The likes DGFT, Customs, and the Export Promotion Council offer a number of benefits to companies that have IEC registration.
  • When you have an IEC you would not need to file any return. Once it has been allotted to you there is nothing that you need to do on your part to make sure that it stays valid. Even if you go for export transactions you would not have to file any returns with the DGFT
  • These days, it has become really easy to obtain the IEC from the DGFT. You do not need to furnish any proof of import or export in order to procure the same.
  • Since the IEC is effective for a lifetime there is no need to renew it. Once you have received the same you can use it for all types of import and export transactions.