CA in Bangalore

Business Establishment Services

Looking forward to start a business? Wondering which form business organization is suitable for your business? We at ADCA offer a full range of management resources to help get your business started. The choice depends on factors like, flexibility, funding, nature of business, risk factors, taxation etc and ADCA advises you to choose the right form after understanding the relevant factors from you.

ADCA helps you register the following form of business organizations:

- Private limited, Limited Companies.

• Limited Liability Partnerships (LLP's)

• Partnerships

• Trust

• Society

Once business entity is registered, it has to obtain various other registrations, based on its nature of business. ADCA provides the services of obtaining below mentioned post incorporation registrations:

PAN (Permanent Account Number) is the Income Tax Identificaiton Number, PAN is required to be applied before opening the Bank account. Indirect Tax registration like GST Professional Tax, Import Export Code (IEC) are all based on PAN, hence it's mandatory to obtain PAN before applying indirect tax registration.

TAN is a number required to remit tax with-held from vendors and employees. Companies can have multiple TAN for each location.

There are two types of professional tax applicable for business entity, one is PT applicable to business entity whose is amount fixed as per PT Act and it varies from Rs 1,000 to Rs 2,500/- per annum and it should be deposited every year by April 30th, as per the Karnataka PT Act. Also a business entity employing employees is required to deduct PT at applicable rates from employees and deposit with government. As per Karnataka PT Act, Rs 200 needs to be deducted from employee drawing gross salary of Rs 15,000 or more and deposited every month with government. Two separate registration is required to be obtained one for business entity PT ( Known as Enrollment Certificate) and another for Remitting Employee PT ( Certificate of registration). In case of availability of GST Registration annual PT on the business entity can also be remitted using GST Registration number without obtaining enrollment certificate.

Provident Fund registration is required to be obtained if the number of employees exceeds twenty. ESI ( Employee State Insurance) is required to be obtained if the number of employees exceeds ten and is applicable on employees drawing less than Twenty one thousand per month.

Shop & Establishment Registration is a labour law registration, Every business entity ( other than a factory) employing any employees is required to obtain shop & establishment registration and follow the rules presecribed under shop and establishment act.

Invesment in business entity from outside india is regulated by FDI regulations framed by govt. FDI is allowed under two modes of approval, automatic route and Approval Route. In case of automatic approval route there is no prior approval of govt is required for brining in FDI. Various business sectors has been devided into sector for which FDI is allowed under automatic route and sector where approval is required. With gradual libarlization most of the sectors are covered under automatic route, barring few sectors like, Retail, defence, real estate etc. There are statutory filing that are required to be done with RBI on getting the FDI investments into the business entity.

Where a business entity wishes to set up a subsidiary/ joint venture outside india, investment towards the same are regulated by ODI (Outward Direct Investments) Regulations.

For sectors where FDI allowed under approval route, the business entity need to obtain prior approval of FIPB ( Foreign Investment Promotion Board). There are also statutory filing to be done with RBI towards FDI under the approval Route.