PROFESSIONAL SERVICES BY PROFESSIONAL PEOPLE

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1 PROFESSIONAL SERVICES BY PROFESSIONAL PEOPLE Benefit from our 12 + years of experience in Corporate Law, Taxes, Payroll and IPR

2 ABOUT SETINDIABIZ Estd: Offices 100+ Staff 50,000+ Cliente Pan India Service Setindiabiz is a unit of KPS Corporate Consultants We are in business of Startup Registration, Licences, Accounting, Taxes, Tax Planning & Management, Legal Services, Payroll- Labour Laws and in Protection & Enforcement of Intellectual Property Rights WHAT WE ARE With around 4% market share in startup registration, we are strongly placed to serve aspiring startups throughout India and in USA, Singapore, Hong Kong, UAE etc. we provide all professional services, which a Chartered Accountant, Company Secretary, Cost & Management Accountant and Lawyer can provide under one roof. OUR MISSION Is to deliver quality and prompt professional services on time and all the time at economical rates with an aim to be the first choice amongst the entrepreneurs. 2

3 OUR TEAM AMRITA CHANCHAL Co-founder & Advocate A Lawyer practicing at Supreme Court of India and Delhi High Court and specializing in C o r p o r a t e L a w s, Taxation, Civil Matters & Intellectual Property Rights. CS VIJAY BHASIN Sr. Company Secretary He joined us after r e t i r i n g f r o m Glaxosmithkline, as Company Secretary and supervising a team o f o t h e r C o m p a n y Secretaries CA HARI BHUSHAN RAI Chartered Accountant A n e x p e r i e n c e d Chartered Accountant h e a d i n g o u r Ta x D e p a r t m e n t, h e specializes in Income Tax & Indirect Taxes and transfer pricing. SANJEEV KUMAR Co-founder A Lawyer practicing at Supreme Court of India and Delhi High Courts, specializing in Corporate Laws, Taxation, Civil Matters & Intellectual Property Rights. 3

4 PRIYANKA KUMARI Human Resources She is an MBA and is instrumental in team b u i l d i n g a n d compliance of Labour Laws and Payroll of our clients SHRISTI BHALOTIA Advocate S p e c i a l i z e s i n Intellectual Property Rights and Civil matters, s h e t a k e s c a r e o f litigation matters and representation before v a r i o u s C o u r t s & CS HITIKA KWATRA Company Secretary A s a C o m p a n y S e c r e t a r y, s h e i s responsible to ensure c o m p l i a n c e o f corporate laws and F o r e i g n D i r e c t Investment (FDI) matters CS PRATYUSH KUMAR Company Secretary A s a C o m p a n y S e c r e t a r y, h e i s responsible to ensure c o m p l i a n c e o f Company Law and other Tax law matters i n c l u d i n g Tr a n s f e r Pricing. PRAVEEN SINGH Business Development Manager An MBA in sales and m a r k e t i n g, h e i s h e a d i n g t h e s a l e s d e p a r t m e n t a n d building a responsive sales team in India and abroad. AMIT SINGH Operations Head Amit is heading the o p e r a t i o n s a n d i s d e l i v e r i n g q u a l i t y s e r v i c e s t o o u r customers, his team is lucky to have such a mentor. 4

5 OUR SERVICES FOR STARTUP Take your first step With Confidence With team Setindiabiz, in your side it is very easy to start a business as our specialists work with you since the stage of inception and help you in understanding various business formats and in choosing the most suitable one amongst various options such as Public Limited Company, Private Limited Company, LLP, Partnership Firm, Section 8 Company etc. Registration of a Company is a legal process, which has its own complexities, however, our startup advisors make the documentation and the entire process easy for you. 5

6 OUR SERVICES TO THE STARTUP LEGAL ENTITY REGISTRATION We register your startup as a legal entity in the form of a private limited company or an LLP in India and abroad within a few days and at very reasonable fee. TAX REGISTRATION Based on the business activity, we assist you in obtaining registration with Tax department for e x a m p l e S a l e s Ta x (VAT), Service Tax, Excise Tax, IEC Code etc. MANDATORY COMPLIANCE Within one month of company registration, there are compliance like auditor appointment, f r a n k i n g o f s h a r e certificate etc. We assist in this compliance. REGISTRATION & LICENCES We assist startups in obtaining need based r e g i s t r a t i o n s a n d l i c e n c e s l i k e Fo o d Licence, Drug Licence, Trade Licence, Bar code etc. ACCOUNTING & TAXATION Accounting is lifeblood of any business and taxes are to be paid on time resulting in timely return filing. Our team of CAs are experienced to help. PATENT, TRADEMARK, DESIGN, COPYRIGHT The I.P. Rights need to be protected for startup we provide our services to p r o t e c t I n v e n t i o n, Tr a d e m a r k, l o g o, software code, website design, 3D design etc. 6

7 Limited Company Registration LEGAL ENTITY REGISTRATION Startup have to first decide the best suitable format in which they should operate. Our startup specialists help in deciding the best option. On the right side we have mentioned the various formats in which startup can create its legal entity. Q What is Limited Liability? With Limited Liability, we mean that the debts of business is separate and promoters cannot be called upon to pay for it. For large scale startup where shares are proposed to be subscribed by a very large number of shareholders (Public holding). Private Limited Registration Minimum two person is required to start a Pvt. Ltd. Company. We register it at an all inclusive fee of Rs. 15,000/- only. LLP Registration This is an advanced form of partnership with limited liability to its partners. We incorporate LLP at an inclusive fee of Rs. 7,500/- only. OPC Registration Now Companies Act, 2013 have provisions to incorporate a company with just one person however, a nominee would be required. Partnership Firm Registration An unregistered firm cannot recover any amount more than Rs. 100/-. Hence, it is necessary to register a firm. Section 8 Company Registration To do business with no profit motive and for social work a company can be incorporated under Section 8 of Companies Act, Society or Trust as NGO NGO can be formed either as society under Societies Act or as a trust to be created through a registered trust deed. 7

8 Sales Tax Registration (GST) TAX REGISTRATION There are various taxes, applicable on a startup, these are broadly classified into Direct and Indirect Tax. Income Tax on companies and LLP is charged on the taxable 30% for financial year However, for financial year , the tax rates is reduced to 25% for companies. Q What is GST? The Goods and Services Tax (GST) is proposed to replace and consolidate indirect taxes like Sales Tax, Service Tax, Excise, Entertainment Tax etc. To carry on trading activities including online sales on Flipkart or Amazon, the companies have to register themselves with Sales Tax Department. Central Sales Tax (CST) If the sales are crossing boundaries of the state then Central Sales Tax is applicable. There is no exemption as such. Service Tax Registration (ST) If the turnover of the company is more than Rs. 10 lakh and is providing taxable services then registration with service tax department is required. Excise Registration Manufacturing activity is taxable under excise law, and an assessee who is engaged in manufacturing of excisable goods is required to register with the central excise department Import Export Code To do business of International trading a company have to seek registration with Director General of Foreign Trade and obtain IEC code. Professional Tax This is a tax on profession imposed by state governments, company/llp as well as its directors/designated partners employees need to register. PAN/TAN Permanent Account Number with the Income Tax Department is allotted by the Income Tax Department, which is a permanent identification number for the company with Income Tax Department. The TAN is TDS account number. 8

9 Opening of current bank account MANDATORY COMPLIANCE As the company is a legal creation it has to comply with the provisions of Companies Act, 2013 in case of company and the LLP Act, 2008 in case it is an LLP. The compliances are many some of which are listed on the right Within one month of company registrations, there are compliances like auditor appointment, franking of share certificate etc. We assist in meeting these requirements. A company is required to maintain a current account with the bank to transact its business. We assist you in opening the same. Disclosure of interest by Director As per Companies Act 2013 disclosure from every director having direct or indirect interest in any contract of the company is required. Appointment of auditor within 30 days The Board of Directors must appoint an Auditor within 30 days, Issue of share certificate within 60 days A company is required to issue share certificate to shareholders within 60 days of its allotment. Payment of stamp duty on share certificate Stamp duty on the value of share certificate issued is to be paid to the respective state government. HR Policy and document Human Resource Policy and drafting of employment related documents like appointment letter. Legal agreement drafting The commercial relationship between company and its stakeholders, contractors etc. and the shareholders agreement drafting. 9

10 Shops and Establishment Registration REGISTRATION & LICENCES We assist startups in obtaining need based registrations and licences like Sale Tax, Service Tax, Food Licence, Drug Licence, Trade Licence etc. There are some registrations which are mandatory irrespective of the nature of b u s i n e s s, h o w e v e r, s o m e registration/licences are based on the particular kind of activity. Every commercial establishment need to get themselves registered with the labour department of respective state government. Professional Tax Registration Some of the States in India impose professional tax on the salaried individual and professionals. A company, LLP and its director/designated partners also need to register themselves with the PT Department. Import Export Code To do foreign trade registration with Director General of Foreign Trade (DGFT) and issuance of IEC code is must. Barcode Registration For unique identification of goods barcode is necessary to be obtained. We assist you in getting the same. Agmark Registration It is a certification by the Government of India that agricultural commodities & product are upto the approved standard. Food Licence (FSSAI) To do any business of food either as wholesaler or retailer the food licence is required. Drug Licence To deal with any scheduled drug in wholesale or retail trade, drug licence is necessary. 10

11 Company/LLP Accounting ACCOUNTING & TAXATION Accounting is lifeblood of any business and taxes are to be paid on time resulting in timely return filing. Our team of CAs are experienced to help. The due date of filing Income Tax Return for individual, partnership firm, LLP which does not require their accounts to be audited is 30th July & in case of company it is 30th September. It is required to be maintained in double entry system and as per accounting standard. Statutory Audit of Company Every private limited company or a public limited company is required to get their financial statement audited from the statutory auditors before the annual general meeting. Statutory Audit of LLP If the capital of LLP is more than 25 lakhs or the turnover exceeds 40 lakhs then the books of account need to be audited for the LLP. Tax Audit Cases where the turnover of the company or LLP is more than 2 crore, a tax audit is mandatory. TDS Payment and Return Filing On certain specific payments TDS need to be deducted at specified rates, we assist you with TDS payment and its return filing. VAT Payment and Return Filing Tax on sale of goods within the state or between two state is to be paid every month and quarterly return to be filed. Service Tax Payment and Return Service Tax need to be paid before 5th day of next month and a return of the same need to be filed half yearly. 11

12 Prior art search for patent PATENT, TRADEMARK, DESIGN, COPYRIGHT The I.P. Rights need to be protected for startup we provide our services to protect invention, trademark, logo, software code, website design, three dimensional design etc. We help business to identify their I.P. assets, to get it registered in India and worldwide. We also provide post registration services and help in enforcement of I.P. Rights. Any invention can be registered as patent only if it is new or novel. Our IPR team helps in finding prior art if any. Provisional Patent Filing At the very stage of inception of an invention, a provisional application must be filed to protect its leakage. Drafting of complete specification for patent Within one year of filing the provisional application, the complete specification must be filed. Trademark Registration in India We help you to protect your brand, trademark, logo, Rs. 7,950/- each within 24 hours. Copyright Registration The literary, musical, dramatic, artistic, cinematographic film, sound recording etc. can be registered in India. Design Registration Three dimensional shapes, configuration, surface pattern, ornamentations can be protected and registered under Design Act, International Trademark and Patent Registration International filing of trademark and patent can be done from India itself, please contact us. 12

13 OUR CLIENTS CLIENT TESTIMONIALS MR. NIKHIL CHANDRA Team KPS is Professional with a Dynamism & having Multiple skills offering Great Value. We have engaged KPS for all areas of our Business & they would be our key partners when we go Public in a few years! MR. SUNNY BAJAJ KPS has helped us in Registration of Pvt Ltd Company and they have been very professional in handling all the matters. They know what has to be done and how to deal with it. Praveen has been available for queries all the time. Highly appreciated SAM VARUGHESE I wish to place on record the excellent services and support provided by the team KPS in the creation of my company and recommend you to all those interested in such services. 13

14 OUR BRANCHES Head Office AG-7, Ring Road, Shalimar Bagh, New Delhi North Delhi 806, Aggarwal Cyber Plaza -1 Netaji Subhash Place, Delhi South Delhi K-66, Hauz Khas Enclave Near Delhi IIT Gate, Delhi Mumbai 320, Powai Plaza, Hiranandani Business Garden, Powai, Mumbai Bengaluru 570, 3rd Cross, 15th Main,4th Block Koramangala, Bengaluru Contact Us - info@setindiabiz.com Sales: Support: Multiple Lines 10 AM to 6 PM