Director’s Identification Number (DIN)

What?

 

What is Director’s Identification Number (DIN)?  

It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013

Authority who allot DIN in India

Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs)

About Capital of the Company

Capital or Share Capital of the Company denotes the amount of money raised by the issue of shares by a company and remains with the company till its liquidation i.e. closure. Share capital is owned capital of the company, since it is the money of the shareholder and the shareholder are the owners of the company through subscription of the share that were issued to them. Investment in the shares of any company is a basis of ownership in the company.

As per section 2(84) of the Companies Act, 2013: “share” means a share in the share capital of a company and includes stock;

Branch Office in India

The opening up of branch offices is one of the options by which a foreign company can set up its business operations in India. It needs to obtain a prior permission from Reserve Bank of India (RBI) for setting up such offices in India. As per the guidelines issued by RBI. A branch office refers to an establishment which carries on substantially the same business and activity as is carried out by its Head Office

Permitted activities for a Branch Office in India would be as under:

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Income Tax Slab Rates of the AY : 2016-17

Income tax slab rates for the Assessment Year 2016-17 (Financial Year 2015-16)

Financial Year starts from 1st April and ends on 31st March. (These rates are applicable on Income earned during the period from 1.4.2015 to 31.3.2016)

Assessment year is the year immediately following the financial year wherein the income of the F.Y. is assessed. 


For Individuals 

Procedure for the Registration of a Trademark in India

The following procedure is usually followed for getting the mark registered in India:

1.    To Conduct search, if required

       To conduct search at the Trade Marks Registry` for the availability of the mark through preparing and filing an application            with the Trade Mark Registry. 

2.    Filing of Trademark Application

One Person Company (OPC)

The concept of One Person Company is a new vehicle/form of business, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework.

The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorships and entrepreneurs who can enjoy the advantages of limited liability and the benefit of separate legal entity as well.

LIAISON OFFICE

A liaison office means a place of business to act as a channel of communication between the principal place of business or head office and the entity in India but which does not undertake any commercial/trading/industrial activity and maintains itself out of inward remittances received from abroad. A liaison office may be permitted to carry on the following activities:

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Choice of Business Entity

This is new buzzword these days among youngster or otherwise who want to create something. And believe me if you are thinking to setup a startup, nobody has time in this world to read lengthy articles. But at some point of time the business requires to take a form of legal business entity and its very important to consider the legal aspects of the business entity.