Our services
Statutory compliance support
Our Services
Statutory compliance support
The assistance provided to organizations in fulfilling their legal obligations and meeting the requirements set forth by the relevant statutory bodies. It encompasses various laws, regulations, and rules that businesses must comply with in order to operate legally and ethically.
Our Services
Statutory compliance support
There are several statutory compliances that need to be fulfilled in India for setting up a business. Here is a list of some of the major compliances:
Obtaining a Business Registration: This includes obtaining a certificate of incorporation or a partnership deed, depending on the type of business entity you choose to form.
Obtaining a Permanent Account Number (PAN): A PAN is a unique identification number issued by the Income Tax Department of India, and is required for all tax-related transactions.
Obtaining a Tax Deduction and Collection Account Number (TAN): A TAN is required if you are making TDS payments or collecting TDS from others.
Goods and Services Tax (GST) Registration: GST is a value-added tax that replaced multiple indirect taxes in India. All businesses with a turnover of more than Rs. 40 lakhs are required to obtain a GST registration.
Employees’ Provident Fund Organisation (EPFO) Registration: If you plan to hire employees, you will need to register with the EPFO and make contributions towards their provident fund.
Employees’ State Insurance Corporation (ESIC) Registration: This is a health insurance scheme for employees, and if you plan to hire employees, you will need to register with the ESIC and make contributions towards their health insurance.
Professional Tax Registration: This is a tax levied by state governments on professionals, trades, and employment.
Shops and Establishment Registration: If you plan to open a physical store, you will need to register your business under the Shops and Establishment Act.
Intellectual Property Rights Registration: You may need to register your intellectual property, such as trademarks, patents, or copyrights, depending on your business.
Environmental Law Compliances: You may need to obtain approvals and comply with environmental laws if your business has an impact on the environment.
It’s important to note that the specific requirements may vary depending on the type of business and the state in which it is registered.
Contact us for specific requirements and arranging necessary support.
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