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As per the Maharashtra Shop and Establishment Act 2017, every firm which employs 10 or more than 10 workers must obtain a license under the act. In your case there is only one employ so it is not mandatory at the initial stage of your business activity. Once the number of employees increases to 10 or more then you can get a license for your boutique under the act. MSME at the initial stage of business is a good option, but many firms face problems for current account opening as MSME is registration is not sufficient for banks as documentary evidence for current account opening. Banks sometimes may ask for Gumasta License or GST Registration for current account opening depending upon their banking policies. For further information, please contact our experts at 1800 313 4151 or through mail at support@legalwiz.in

The registration of Partnership Firm is voluntary as provided under Indian Partnership Act, 1932. However, the registration allows higher creditability along with the ease of expansion or conversion of business at future date. The Partnership Firm is registered with the Registrar of Firm (RoF). Here, the registration procedure varies from state to state along with time for issuing registration certificate. To register a partnership firm in Maharashtra, following documents are required to be submitted: PAN card copy of Partners Address Proof of Partners Original Partnership Deed signed by all the Partners Form No. 1 (Application for registration under Partnership Act) Affidavit declaring intention to become partner Rental or lease agreement of the Business Place Utility Bill as address proof of Business Place Any other documents, as required by the registrar. You can refer to our blog "Registered Partnership Firm: Procedure & Benefits of Registration" for details on same. You may contact LegalWiz.in for any further clarification and Incorporation of the Company. To make the process simple, affordable and hassle-free, please contact us at 8980685509 or drop an e-mail at support@legalwiz.in for consultation with experienced professionals.

Application for trademark registration can also be made online with the help of Trademark Attorney. To file an application online, the attorney, being lawyer or CS must obtain Class 3 DSC and register on the portal. Where an offline application can be filed without help of attorney, it is recommended to consult an attorney before filing an application, as they are more aware and near to the applicable provisions, and help in trademark search and application drafting. If you need assistance for filing trademark registration application, reach us on call 1800 313 4151 or drop an e-mail at support@legalwiz.in. For more details regarding Online Trademark Application, visit us at https://www.legalwiz.in/trademar.... Related: Trademark Registration Procedure & Process in India

Import Export Code, commonly known as IEC is a 10 digits code allotted by Directorate General of Foreign Trade (DGFT) to the applicants to allow the cross boarder business from India. It is a centralised registration with the life time validity. For the businesses, the need of IEC Code registration lies in the compulsion to provide the code to bring goods in India or to sell outside India.The code allotted implies a certificate to business to engage into international transactions. Itmust be disclosed before accepting the imports or processing the exports from India as part of business activity or any transaction in relation thereto. The requirement to make an application for IEC online registration does not arise in following cases: Goods are imported or exported for the personal use and will not be used for any business or related purpose; or Import or export by government ministries and departments, and certain notified charitable organizations. The Import Export Code registration is beneficial to businesses in many ways in addition to the mandatory requirement of registration in situation prescribed. Unlocking the international market, business can expand the scope operation and market reach. IEC code is a license for import and export businesses, which is submitted to appropriate authority as and when required. The registration helps Government to administer the transportation of restricted or prohibited or illegal goods and regulation of all international transactions. The registered business entities can avail benefits in form of subsidies or otherwise declared by the Customs, Export Promotion Council or other authorities. The application for import export code is made online which makes the process hassle free for the business owners with simple documents requirement. It is a code is allotted with lifetime validity and is based on Permanent Account Number of the business organization. Therefore, no renewal is required once the registration is obtained to

Business Partnership is vital to survive in the competitive markets. A business partnership built on trust and like mindedness should be formed carefully with following points kept in mind: The partnership must be executed legally. However, the partnership is formed with trust, it is always necessary to enumerate the intention of partnership and all the necessary clauses. Along with the intention of partnership, the clauses on shared goal shall be enumerated without affecting the individual goal. The Role and Responsibilities must be expressed for all the parties into partnership. Ambiguous and undefined roles leave the scope of conflict. Dispute Resolution Strategy should be provided expressly with by selection or manner of selection of arbitrator or the jurisdiction of court. The termination clause should also be provided that in which circumstances termination of contract can be made and the remedies available to surviving party can also be provided. Decide in what manner the decisions will be made and whose decision will prevail in case of dead lock. These points should be finely put into the agreement for a successful business partnership. In case, you need assistance in this regards, please feel free to drop us a mail with your requirements at support@legalwiz.in

No, there is no provision for extension of due date for filing for reasons such as availability of DSC. One needs to file the form on or before the due date to avoid the penalty. Extensions for Annual Compliance Filing are provided by MCA itself by notices, but not for such reason of DSC. DSCs can be procured in single day by providing required documents. Call us at 1800 313 4151 or drop an e-mail at support@legalwiz.in for assistance regarding Annual Compliance of LLP

Import Export Code, commonly known as IEC is a 10 digits code allotted by Directorate General of Foreign Trade to the entities engaged in international business. Application for IEC code registration is online and centralised process under DGFT. With simple documents requirements, the application is made on the web portal. The steps to file the application are mentioned below in brief: The very first step and of course necessity is the business set up and its registration such as GST registration or Shop & Establishment Registration, etc. The applicant is required to make an application for allotment of PAN in case other than sole proprietorship. Once the PAN card is allotted, current bank account in name of business is opened. On collection of requisite documents (mentioned in later part of the answer), the applicant can proceed to next step. The applicant must obtain Digital Signature Certificate (DSC) to sign the online application. Upon obtaining DSC and requisite document, the application for Import Export Code registration is made online on the portal allotted. The competent officer will review the application filed. If the application and the documents are founds satisfactory, the officer may allot the code or ask for additional information or documents. General documents list for import export code registration online: PAN Card of the Applicant Passport Size photograph of the applicant Cancelled Cheque Address proof of the Business (Constitutional documents such as Partnership Deed, MoA AoA or LLP Agreement, as the case may be should be furnished in addition to above.) The IE Code is PAN based with lifetime validity. Therefore, the concerned business entity is not required to either renew or make separate applications for the branch offices. Also, the registration does not require any further compliance or return filing. For further information, please contact our experts at 1800 313 4151 or through mail at support@legalwiz.in

According to the Indian Partnership Act, the unregistered partnership firm is valid and deed with the payment of stamp duty and notary is enough to apply for a PAN card in the name of the firm. The application for PAN card allotment can be made by application to the department. The PAN card will be issued within 10 - 12 working days and will be dispatched later. To form an unregistered partnership firm, read guidance at https://www.legalwiz.in/blogs/pa... or visit us at https://www.legalwiz.in/partners.... Experts are available on call at 1800 313 4151 or mail at support@legalwiz.in

The respective amendment in the provision states that the annual compliance forms shall be filed for a period up to which commercial transactions are undertaken. According to said provision, if the LLP has not carried on any business for a particular financial year, it does not require to file the forms for annual compliance. However, during the incorporation process, the Registrar demands to file the returns and to fulfil all the requirements. Therefore, rather than avoiding the requirements when it's due, it is recommended to file the forms on time. For any assistance required, feel free to drop us an e-mail at support@legalwiz.in or call us at 1800 313 4151.

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