Chennai, Tamil Nadu, India Verified Supplier
Leading Manufacturer, Supplier & Retailer of Nidhi Company Registration Services, Producer Company Registration Services, business plan services, MSME Registration Consultancy Services and Section 8 Company Registration Services.
it is a company classified as an nbfc (a non-banking financing company) and registered under section 406 of companies act, 2013. the main business of such a company is to facilitate lending money between the core members of the company. this way members (or shareholders) are encouraged to save money and invest them within the company. these deposits are then used by the company for its members (or shareholders), to provide loans or advances, and to acquire government-issued stocks/bonds/debentures/securities. it is regulated by the ministry of corporate affairs, while the rbi monitors all its financial dealings.
A producer company was introduced in india with the companies act, 2013. It gives persons engaged in activities related to producing (what has been grown or produced, particularly by farming) the opportunity to form a company. A producer company can be formed by 10 or more producers (persons involved in, or in activities related to, produce or growth), two or more producer institutions or a combination of 10 or more producers and producer institutions. Such a company can only have equity capital, require a minimum of five directors and an authorised capital of rs. 5 lakh. The procedure for forming a producer company is similar to the one for forming a private limited company.
A business plan is a document that effectively communicates the business and its potential to those that matter. It could be an investor, a bank, a joint venture partner or even a high-profile techie you want to work for your company. It will contain the background of the founding team, the business model, a brief analysis of the market and estimates of financial performance. Such a plan should be formulated even if you’re not looking to raise funding, as the questions it brings up tends to provide a roadmap for the business. Most venture capitalists, private equity firms or banks will ask for a business plan before even giving a second meeting. Vakilsearch has roped in some well-known professionals to prepare business plans with a clear and concise message.
An SSI also called Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. When a business registers as SSI it becomes eligible to avail government schemes and subsidies that are exclusive for small businesses. Vakilsearch offers expert service for MSME registration: Free consultation Data verification: A thorough check of all the files submitted Vendor Connect: A dedicated affiliate who processes the SSI online application Receipt of License: The certificate will be issued within 15 days of application MSME registration can be done by enterprises of sizes: Micro Small Medium Under the MSMED Act, these small businesses get varying incentives such as: Priority sector lending Tax exemptionsd Capital investment
A Section 8 company under the Companies Act, 2013 or a Section 25 Company as per the Companies Act, 1956 is an organization registered with an objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. These are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Companies Act. There are three main conditions for granting the license is. The company should form for the charitable purpose. Income and profits should be used towards these objects. The company should not pay any dividend to its members.
A Consultancy Agreement defines the important details and terms of the agreement between the consultant and the recruiter. It sets and determines the job requisites, timelines, the agreed arrangement of payment and transaction as well as other features associated with the rendering of service by the consultant. In case the job of the consultant involves developing a brand new design or innovation the consultancy contract defines who takes ownership of the intellectual property.
A joint venture (JV) agreement is filed by a group of people or companies to venture into partnership over a venture or a project, without it affecting their respective legal status. The Joint Development Agreement legally binds both parties, and defines the scope of mutual effort, disparity, and facilitates provisions for sharing the gains and enterprising operations. Generally, an MoU (Memorandum of Understanding) is created between the parties involved, before getting into a joint development agreement.
In India, court marriages are solemnized by the Marriage Act of 1954. Under the law, a court marriage can perform between a man and a woman who are over the age of 21 and 18 respectively. The parties can be of Indian or foreign descent. There are other conditions such as; either should not be in an existing marriage with another person and that both parties should be of sound mind. A court marriage does away with rituals and ceremonies and is simple. It is performed by the Marriage Registrar and upon completion; the participants are given a marriage certificate stating that their union is legal in the eyes of the law.