STARTUP SERVICES  

• Advisory services related to different type of entities (i.e. proprietorship, partnership, LLP, Private Limited Company, OPC, Trusts etc.) to run businesses

• Incorporation of selected entity

• Managing Accounting with month end reports

• Managing registrations and compliances related to:

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• IMPORT EXPORT CODE (IEC) REGISTRATION

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Importer-Exporter Code Number (lEC No.), IEC Code is unique 10 digit code issued by DGFT – Directorate General of Foreign Trade, Ministry of Commerce and Government of India to Indian Companies. IEC Code is “Importer Exporter Code”. To import or export in India, IEC Code is mandatory. No person or entity shall make any Import or Export without IEC Code Number.

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• MSME/ SSI/ UDYOG AADHAR REGISTRATION

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MSME stands for Micro, Small and Medium Enterprises. MSME plays a pivotal role in the growth of Indian economy which is majorly dependent upon agriculture and small business. MSME being the backbone of the economy is highly supported by the government. The government of India provides various subsidies, schemes & incentives to MSME’s through Micro, Small & Medium Enterprises Development (MSMED) Act. To avail various benefits, incentives, schemes, and subsidies granted by the government to MSME, entrepreneurs need to register themselves as MSME under MSMED Act. The registration is called MSME/SSI/Udyog Aadhar Registration. MSME are classified into 2 classes- Manufacturing and Service Enterprises. 

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• FOOD LICENSE/FSSAI REGISTRATION

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Every person involved in food business is known as food business operator. Before starting a food business in India, a business operator has to obtain a food license. Food license application is required to be filed with Food Safety & Standards Authority of India (FSSAI). FSSAI is a government department which ensure that all the food related laws are being followed by the food business operator. FSSSAI Registration/ Food License is mandatory for all type of food businesses - manufacturers, importers, Exporters, Traders, Retailers, Warehouse, Cold storage, E-commerce player, Transporter, Hotels and Restaurants or any other type of business directly or indirectly involved in the food business.

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• KARNATAKA SHOPS AND ESTABLISHMENT REGISTRATION

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There is no specific Central Government Act which comprehensively governs hours of work, payment of wages, health and safety in commercial establishments. To bridge this gap, state Governments have enacted Shop and Establishment Act to regulate the conditions of work of employees in shops, commercial undertakings, restaurants, etc.

 

• ESI AND PF REGISTRATION

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ESI Registration

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Employees State Insurance (ESI) is a self financing social security and health insurance scheme for Indian workers. This fund is managed by the ESI Corporation according to rules and regulations stipulated under ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India. ESI Registration is compulsory for organizations employing more than 10 individuals. 

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PF Registration

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Employees Provident Fund (EPF) is a scheme administered by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the umbrella of Employees’ Provident Fund Organisation (EPFO). Basically, EPF is like a benefit to an employee during the retirement provided by the organization.

PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employees.

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• PAN AND TAN

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Permanent Account Number (PAN)

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Permanent Account Number (PAN) is a number which is used by Income Tax Department as an identification of a person. PAN is a 10 digit alphanumeric number which is printed on a laminated card, known as PAN card along with other details like PAN number, name of applicant, fathers name, date of birth and passport size photo.

 

Tax Deduction Account Number(TAN)

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Tax Deduction Number (TAN) is a 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS). The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.

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