OSP Registration (Call Center Registration with DOT)
Registration Under Section 12A of income tax act
Sales tax registration
Service tax registration
Trade mark registration
Here, under ADR Data Management Services Pvt. Ltd., we introduce you with best of company registration in Delhi where our proficient team of solicitors will assist you in getting company registration services in Delhi and other legal advices under the companies act. Here; our attorneys and company lawyers while serving to varied sectors have gained an immense experience in short span of time. Thus, we do not only suggest you with legal advices but also bring best to the clients while suggesting about the brand awareness, business growth, service evaluation, customer satisfaction examination and lots more that completely affects the overall revenue of the company.
Company Registration Process
While concerning about company registration process there are several rules and guidelines that enable one to apply for the same.
- Before starting with company registration process; the first step to get approval of company’s name from ROC (registrar of company) – company registration Delhi office; of the same state where the register office of the company is being situated.
- After getting approval; then we proceed with the company registration process where one needs to file an application under the same company act.
- Apart from application, the next step is to submit all legal forms and other requisites to the govern bodies while applying for the company registration certificate.
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. ADR services can help your business obtain MSME Registration to avail a host of benefits.
Frequently Asked Questions (FAQ)
What is MSME Registration?
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSMEs.
Who can obtain MSME Registration?
MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
What is Micro Enterprise under the MSMED Act?
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
What is small Enterprise under the MSMED Act?
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
What is medium Enterprise under the MSMED Act?
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.
What are some of the benefits of MSME Registration?
MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.
What are the documents required for MSME Registration?
To obtain MSME registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] is required. Additional documents may be required based on the State in which the MSME Registration is sought.
How long does it take to obtain MSME Registration?
MSME Registration process is state specific. Therefore based on the state, the MSME Registration processing time differs. MSME Registration can typically be obtained in 10 – 15 working days.
What is the validity of a MSME Registration?
MSME Registration is first provided as a Provisional Registration Certificate with a validity of 5 years. Once, the unit has commenced production, a Permanent Registration Certificate is issued which is valid for lifetime of the entity.
What if my enterprice crosses the investment threshold of the MSME Act?
If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.
The Government of India is the single largest purchase of a variety of goods and services in India through tenders and other modes. To enable SSI and MSME units to effectively offer their products or services to the Government and to increase the share of Government purchases from small businesses, the NSIC Government Stores Purchase Program was launched in 1955. The program provides a mechanism for NSIC to register Micro & Small Enterprises under a Single Point Registration Scheme (SPRS) for participation in Government Purchases. In this article, we look at the procedure for obtaining Single Point Registration and selling to the Government.
Single Point Registration Scheme
The “Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012” provides for a number fo benefits for SSI and MSME units registered under the NSIC Single Point Registration Scheme. The following benefits are provided under the scheme to help SSI or MSME units increase their share of sale to the Government of India:
- Issue of the Tender Sets free of cost;
- Exemption from payment of Earnest Money Deposit (EMD);
- Tender participating MSEs quoting price within price band of L1+15 per cent shall also be allowed to supply a portion upto 20% of requirement by bringing down their price to L1 Price where L1 is non MSEs.
- All Government Departments are required to purchase a minimum 20 per cent of the total annual purchases of the products or services from SSI or MSME units. Out of annual requirement of 20% procurement from SSI or MSMEs, 4% is earmarked for SSI or MSME units owned by Schedule Caste or Schedule Tribes
- 358 items purchased by the Government are reserved for exclusive purchase from the SSI or MSME businesses.
Procedure for obtaining NSIC Registration
Micro & Small Enterprises (MSMEs) which are having SSI or MSME registration are eligible for registration with NSIC under its Single Point Registration Scheme (SPRS). To apply for the NSIC registration, the application can be submitted online on NSIC registration portal or by submitting the application form to the nearest NSIC office.
On submission of the NSIC registration with the NSIC Office, a duplicate copy of the registration application must be forwarded to the concerned MSME Directorate for requesting technical inspection of the business. Based on the inspection report provided by the MSME Directorate, NSIC will issue the registration certificate enrolling the SSI or MSME unit in the Government Purchase program.
Fee of about 20,000 to 30,000 is payable by the small business to NSIC and the MSME Directorate for the processing and issuing of the Government Purchase Registration Certificate.
Call Center Registration with DOT
OSP Registration in India
As per the New Telecom Policy (NTP) 1999, service providers in India involved in providing services like tele-banking, tele-medicine, tele-education, tele-trading, e-commerce, call center, network operation center and other IT Enabled Services, using telecom resources are termed as “Other Service Providers” (OSP). These Other Service Providers or OSP’s are required to obtain a OSP Registration from the Department of Telecommunication (DOT). In this article, we look at the process and procedure for obtaining OSP Registration in India.
As per the Terms and Conditions formulated by the Telecom Commission in February 2000, OSP’s can take telecom resources from authorized Telecom Service Providers only and should not provide switched telephony. Further, the Department of Telecommunication must register OSPs using telecom resources for providing an array of services like call center, tele-banking and other IT enabled services. Therefore, the Department of Telecommunication (DOT) now registers OSPs in India and has registered over 2500 cases since inception.
OSP Registration Applicability
Service providers in India involved in providing services like tele-banking, tele-medicine, tele-education, tele-trading, e-commerce, call center, network operation center and other IT Enabled Services, using telecom resources are required to obtain OSP Registration. Telecom Resources are telecom facilities used by an OSP including, but not limited to Public Switched Telecom Network, Public Land Mobile Network, Integrated Services Digital Network (ISDN) and /or the telecom bandwidth provided by authorized telecom service provider.
OSP Registration Requirement
To obtain a OSP Registration in India, it is mandatory for the entity to be a Private Limited Company. Therefore, Entrepreneurs having plans for starting a call center or BPO or e-commerce or other IT Enabled Services must incorporate a Private Limited Company. The following are the documents necessary for OSP Registration in addition to the application in the prescribed format:
- Certificate of Incorporation of Private Limited Company
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Board of Resolution or Power of Attorney authorizing the authorized signatory
- Name of Business and Activities Proposed
- List of Directors
- Present Shareholding
The above documents must be certified with seal by a Company Secretary or Director of the Company or Statutory Auditor or Public Notary.
OSP Registration Compliance
Once a OSP Registration is approved, the license is valid for a period of 20 years – unless otherwise expressly mentioned. To maintain compliance, each of the OSPs are required to submit an “Annual Return” to the DOT mentioning the activities undertaken and the present status of the OSP. The annual return for OSP License renewal must be submitted with 6 months of completion of financial year.
In addition to the above, OSPs must maintain compliance with the Terms and Conditions prescribed by the Department of Telecommunication for OSPs.
Registration Under Section 12A of income tax act
When NGO organization get registered with Income Tax department, to claim tax exemption for their income, it gets the 12 A certification.
From the Date of establishment of an nonprofit ngo organization like trust, society or nonprofit company, it should apply for registration with Income tax department to get 12A certificate. If delayed in applying for registration then the nonprofit ngo organization should submit Audit Reports for the past three years or as may be available.
To get registered with Income tax department, Nonprofit NGO have to fill a form name FORM 10A and it have to produced to the Commissioner of Income Tax, Income Tax Department office where your NGO organization is location. If your NGO established in metropolitan cities like Delhi, Calcutta, Mumbai and Chennai, then you have to produce the FORM 10A to the Director of Income Tax (Exemption), Income tax department office. Before submitting FORM 10a, please make sure that you have received PAN CARD for your nonprofit ngo organization.
When you produce the form 10A to the above Income tax department, you have also required to enclosed the proofs and copies of the following.
1. Original basic documents of organization, which evidencing the creation of the NGO should be enclosed, like Trust deed / Bye laws / Rules and Regulations / Memorandum and Articles of Association as per the shape of the nonprofit ngo organization.
2. Two copies of the Accounts of Three previous years should be enclosed. Where the NGO was not in existence in any of three prior years, copies of the accounts of for minimum years may also be submitted.
After you have produced the above FORM 10A either through registered post with acknowledgement due or directly in the Income Tax office, The department will over look your application for fitness towards registration. It may also monitor your organization directly in person to know the genuinity of your ngo organization.
The Income tax officers have the rights to grant or to refuse registration to your application. If the Income tax office get satisfied with your proper documents and with the genuinity of your organization, then you will be certified. Even a 12a certified ngo organization, shall be rejected or cancel the grant by the Income tax department, if it feels your organization is not fit as per law at any time.
Value Added Tax (VAT) Registration is a tax registration required for businesses trading or manufacturing goods in India. VAT Registration replaced Sales Tax in India and is synonymous with CST Registration and TIN Registration. VAT is a multi-stage tax with the provision to allow ‘Input tax credit (ITC)’ on tax at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. Therefore, VAT is ultimately borne by the consumer.
VAT is collected and governed by the State Government, so each State Government in India has distinct rules applicable for their State based on the type of good manufactured or sold. Hence, it is important for any business involved in the manufacturing or trading of goods to check the VAT rates applicable for the goods they sell in their state and comply with the relevant regulation. VAT Registration is mandatory in most states for traders or manufacturers having a turnover of more than Rs.5 lakhs per year (Rs.10 lakhs in some states). Therefore, manufactures or traders must be aware of the relevant state VAT regulation and obtain registration if required. When registered for VAT, the manufacturer or trader is allotted a unique 11 digit number which will serve as the VAT Number / TIN Number / CST Number for the business.
Service Tax Registration
Service Tax Registration is a tax registration required for businesses providing services in India. Service tax registration is an indirect tax wherein the service provider pays the tax and recovers the same from the recipient of the taxable service. At present, Service Tax is levied at 14% on the value of the taxable service.
Service Tax registration is mandatory for every person or business in India that has provided a taxable service of value exceeding Rs.9 lakhs, in the previous financial year. Service Tax Registration is required for identification of the assesse, deposit service tax, file service tax returns and undertake various processes required under the Finance Act, 1994. Failure to obtain service tax registration would attract penalty in terms of section 77 of the Finance Act, 1994.
A trademark is a visual symbol, which may be a word, name, device, label or numerals used by a business to distinguish it goods or services from other similar goods or services originating from a different business. A registered trademark is an intangible asset or intellectual property for a business and is used to protect the company’s investment in the brand or symbol. A trademark is registerable if it is distinctive for the goods and services you provide. Proposed trademarks that are similar or identical to an existing registered trademark cannot be registered. Also, trademarks are not registerable if it is offensive, generic, deceptive, not distinctive, contains specially protected emblems, etc.,
Trademarks in India are registered by the Controller General of Patents Designs and Trademarks, Ministry of Commerce and Industry, Government of India. Trademarks are registered under the Trademark Act, 1999 and provide the trademark owner the right to sue for damages when infringements of trademarks occur.