#finleg

Finleg, one of Sjain Ventures' wings, is set to launch in 2022 with its offices in Raipur and Pune to serve as the company's first locations. Finleg offers income tax return (ITR) e-filing and GST compliance services. The company's GST compliance billing and GST returns offline services are currently used by over 150 major businesses in Chhattisgarh. Additionally, it has been serving offline for a year and now decided to officially launch its online portal, where its customers can avail all of the services online to make the process seamless. The company is on a quest to transform India into a global powerhouse for entrepreneurship. The online legal and financial services platform has helped small firms and startups with legality and documentation, trademark registrations, and compliance difficulties since its offline debut. 

It is a one-stop solution for all legal services & financial for businesses. Company registration, trademark registration, legal documentation, all at a single window and at a cost-effective price. The company offers professional solutions to businesses, individuals, and organizations. With the steadily growing services starting from Business Registration, Compliances, Tax filings, Documentation, and Funding to many more, it will provide a completely digitized platform and make work paper-free. The company utilizes cutting edge technology to deliver the highest quality of financial, accounting, and legal services through us. The unique selling proposition of the company is that all services are offered 100% online and with a quick turnaround time. Furthermore, all consultation fees for all services are waived. 

Divya Jain, Founder, said, "Under one roof, the company assists entrepreneurs and growing businesses with everything they need to start (company registration), protect (IPR services), manage (legal & ROC filings), and grow (ISO, finance legal support). Finleg has started its journey with the straightforward thought that 'starting and managing the business has ought to be simple'. To achieve our central goal we are building the biggest business bringing finance & legal automation in the world, with a scope of business operations from Business Registration to Compliance Management and from Taxation to IPR, we take care of these fundamentals." 

Client Acquisition 

Finleg with an office in Raipur & Pune will handle a large chunk of business owners who are open to getting professional support online. Face-to-face interactions with lawyers, chartered accountants, and company secretaries are still relied upon by the majority of new enterprises. But the Finleg team believes that the convenience, cost-effectiveness, and transparency of their services make it only a matter of time before this mindset changes. 

Divya Jain, further added, "After the launch, the company's strategy was obviously like any other startup to acquire more customers through developing its websites and creating a strong presence on all Social Media forums. 

Since Finleg is launching its operations online, the company anticipates receiving 200-300 visits every day. The firm, on the other hand, aims to attract more than 10 new clients every day, and this figure will continue to climb as the year progresses. We hope to assist the registration of nearly to 1000 new firms by 2025." 

The firm's primary growth hack has always been focused on rendering good customer service. Additionally, it aims to garner most of its clients through its gateway services. Customers who come in for Company Registration often also come in for other mandatory registrations such as Compliance, business licenses, tax registrations, and so on. 

Vision and achievements 

Finleg's mission is to alleviate the stress of dealing with a painfully complex legal and tax system. The firm expects to succeed after introducing an online portal because it has previously been able to retain a significant number of consumers through offline services, allowing them to achieve 100% year-over-year growth. 

As it progresses, the company intends to achieve every milestone it has set for itself. 

Forthcoming 

Finleg provides services with reliable professionals who guide customers and provide high-tech advisors. The organisation makes it easier for the client to track the process and keep them updated by digitising the work. The team believes the unique nature of Indian clients is that they are very particular about quality while being fastidious about the cost factor too, however, once consumers obtain timely and efficient services at a reasonable price, they tend to be highly loyal. That is the path the company intends to take in order to achieve its goals, and they believe the sky is the limit. 

The very first step in starting a business is to select the right business structure. This selection is based on various criteria including business plan, number of partners, conditions for investment, international investment, area of activity, risk-taking ability etc. While there are many businesses structure people many a times get confused about the type of structure they should opt.

Are you looking to start a new business but have concern about which business structure to choose from? This article can help ease your decision.

Private limited, OPC and Limited Liability Partnership are separate corporate entities regulated by different statutes, namely the Companies Act and the Limited Liability Partnership Act. The One Person Company idea allows single and enthusiastic businessmen to run their own company. Limited Liability Company also requires two persons to be incorporated. Whereas Private Limited legal form is most commonly used to incorporate a company. This is preferred, since this arrangement leaves members’ liability limited to their share of the shares.

Meaning of LLP, Private Company and OPC

A Limited Liability Partnership is the type of the company where minimum two members are required and the maximum number of members is not limited. The members of an LLP have no liability.

A Private Limited Company is a limited group of people owned Business Company. It is registered for pre-defined objects and held by a group of shareholders called. Startups and companies with a higher growth goal popularly select Private Company as the correct business structure.

One Person Company means a Company that only has one employee. An OPC is also a corporation with only one shareholder as a member of it.

Here is the OPC, Private Limited Company and Limited Liability Partnership (LLP) distinction on criteria such as Business Preparation, Business Structure Advantages, Business Management, Taxes, Accounting, Audit, Documents and Legal Compliances.

Comparison table :

Other than the comparison there are also few similarities that come between OPC, LLP and Private limited company:

· Startup India: LLP, Private limited and OPC can be registered for startup India.

· Maintenance of basic statutory records is mandatory for all three.

· Separate legal entity: LLP, OPC and Private limited all three are separate legal entities.

Conclusion

The option is very easy if you are looking for private limited (Pvt Ltd) structure to get your business financed-go. Investors and venture capitalists, on the whole, tend to finance private limited companies. The other two forms of corporation-Limited Liability Partnership ( LLP) and One Person Company (OPC)-operate better for those trying to run their business without external capital and want full control of all the business operations. Finleg helps you in incorporation of a Company, OCP or LLP in a simple and hassle-free way with the aid of our groundbreaking technology. We provide you a platform combined with automated process flow allow you to integrate your company faster. Finleg help you to understand and guide you better while assisting with incorporation at the best possible rates.

Finleg

Llp

Private Company

Company Registration

As we are gradually recognizing the economic importance of the trademark in the modern world, making it an integral right to intellectual property. Trademark can now be licensed electronically in India, with trademark search processes now automated electronically. In this post we illustrate precisely what can’t be registered as a trademark in India. This will help companies prepare their registration of a trademark in India while also helping to prevent rejections at a later point.

Trademark essentials in India

In India, the 1999 Trademarks Act regulates the awarding of trademarks. Since India is part of the trade-related dimensions of intellectual property rights agreement also known as the TRIPs Agreement, laws comply with the TRIPs’ compulsory global provisions.

The following conditions for a trademark may be drawn on the basis of the act-

1. That has to be a mark

Although the concept of a mark is not exhaustive, it requires a number of components. A brand, it’s going, a name, a signature which can distinguish are all “marks.” Therefore, pictorial representations are often known to have markings, anything that has stitching on objects, colors.

2. The image must be able to be graphically replicated

Graphical representation means reducing it to a heading, mark, signature of name, word, letters, numerals etc. Nonetheless, there have been many technological advances in recent years. Sounds and odors will now also confer a trademark. In India, sound marks are subject to trademark law.

3. It may include the shape of the products, their packaging and a color combination

Let’s discuss what cannot be a Trademark in India:

No Color Trademark

Many big brands have faced problems due to color in their trademark. The Crucial criterion that the court should consider though is that the products are likely to be confused by an ordinary customer.

Placements are not usually permitted

When a location attaches distinctive characteristics to a brand name, under geographical signs it is more a case than a trade-mark. Companies must therefore refrain from filing a trademark which has the name of a town, place or state. In addition, certain names may be reserved for legislative or sovereign usage — such as National, certain names may also be covered under the Emblems and Names Act , 1950.

Contains scandalous, obscene content or is counterproductive to religious feelings

Any label which may be pornographic, improper can deny registration. In addition, a mark which can cause harm to feelings of a specific group of people cannot be identified.

A mark which displays only the quality

Terms like “perfect,” “best,” “superior” etc. are simply descriptive and thus cannot be a trademark. In a case involving Britannia Industries — the word “Celebrations” was not considered distinctive on the kit.

Named chemicals

Under the Trademarks Act, a trade-mark exemption cannot be issued to a widely used or recognized name of a chemical element or a chemical compound. There can also be no registration of a chemical declared by the WHO which acquires foreign non-proprietary names.

Names of people alive or deceased

Where an application for registration of a trademark attempts to create a link with an individual (living or dead within 20 years from the date of application), the trademark cannot be licensed unless the permission of the living person or representatives of the dead person is obtained.

Finleg assist you completely in making sure your business doesn’t get tampered and its trademark gets all the right ticks before registering it. Combined with automated process flow, finleg provide you with a framework that helps you to incorporate your business more quickly. Finleg allows you to better understand and direct you, while helping you integrate at the highest possible levels.

Finleg

Trademark

Trademark Registration

Trademark Renewal

Do you have your own business and brand?

Are you worried about your business authenticity?

How about getting your business a trademark that will protect the brand identity for any particular design or logo. The wordmark is the smartest way to file your first Trademark application. You can file a Trademark with a logo or apply for terms in a particular format if you find similar Trademarks in your Trademark quest.

If you believe it is difficult to file a Trademark. There are several important things that one has to take care of when applying for registration of a Trademark.

Trademark is a sort of intellectual property that has a particular word, symbol, or name-symbol combination. It lets us recognize and differentiate a brand or a company or its product. Under Indian laws and regulations, a registered trademark may be legally protected.

One has to apply with the Office of the Controller General of Patents, Designs, & Trademark to apply for trademark protection.

To apply for Trademark protection one has to apply with the Office of the Controller General of Patents, Designs & Trademarks. This office functions under the Department of Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. This office works under the Ministry of Commerce & Industry, Department of Industry Promotion and Internal Trade.

Let us describe your complete Trademark Procedure:

Trademark search is the very first step towards starting registration. It helps find trademarks identical or similar under the same class. One must finalize a Trademark with a unique identity based on the search result.

First, one needs to be very careful when picking a class when applying. You need to pick a particular class or sector of 45 different classes from the Trademark Registry which you need to sign.

The examiner will review all of the specifics after filing the Trademark application and approve the publication in the Trademark Journal. Any person or entity may oppose the registration of the Trademark in question. If no objection exists the authorization Trademark certificate will be issued with a validity of 10 years.

Do you ever study the deduction breakup whenever you obtain your salary? You may get across the professional tax at the head. Don't get it confused with income tax, professional tax is something entirely different.

However not all Indian States impose Professional tax, those who does include it are Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Orissa, Sikkim, Tamil Nadu, Telangana, Tripura, West Bengal, Maharashtra, Jharkhand, Manipur, Mizoram and Chhattisgarh.

In this article, we will tell you the complete understanding of Professional Tax and its Compliances.

So, what is Professional Tax?

Unlike the word says, professional tax is not just a tax levied on professionals. This tax is levied on any person earning a living through work, employment trade or calling. Professional Tax is a state tax that a state government imposes on account of the infrastructure it provides to you so that you can carry out your profession in that State.

As provided for in Clause (2), Article 276 of the Indian Constitution, State Governments are granted the right to levy and collect the professional tax. Most Indian states have also opted to not exercise this right. This tax is levied in all other States where appropriate, based on professional tax slab rates as implemented by the respective states. Neither state will, however, charge professional tax on any taxpayer over 2,500. Professional tax payment is permitted as a taxable income deduction under the Income-Tax Act, 1961.

To salaried employees, the employer deducts professional tax and is charged to the State Government's concerned department. To pay the professional tax self-employed people need to receive a ' Certificate of Enrollment ' from the State authority in question.

Professional Tax slabs

Like any other tax Professional Tax also has slabs, and all of an organization's paid employees and qualified professionals fall within its various categories.

Professional tax slabs are based on predetermined slabs and on the salary or monthly level of income. It is usually around Rs.200 a month with Rs. 2500 being the maximum payable in one year. The employer who is responsible for depositing it with the relevant government office deducted this balance from the employee's salary.

Professional Tax is not only for those who get a salary, any individual who is not working in an organization but still earn, is responsible for paying Professional Tax.

Professional Tax Compliance

When you are a businessman, you have to maintain so many things and manage all of it. Your business is the most sacred thing for you and its name and logo comes the next. If the business is going well and someone else claims it, then all your hard work goes into vain. If someone try to use your business name that is where you can claim trademark objection. Make sure your business and the proper trademark and make sure to register it.

What is Trademark objection?

A trademark is a logo, emblem, tagline or a combination of both which represents the identity of a brand. Often the Trademark Registrar poses objections to the intended trademark during the trademark registration process if it violates the rules and laws of trademark registration. It may be due to many factors, such as resemblance to an existing mark; offensive to a specific religion; lack of a distinct design; etc. In the event of a mark complaint, a detailed reply must be submitted within one month, from the date the complaint is raised.

Advantages of Trademark objection:

The following benefits are to file a timely response to a mark complaint, along with supporting facts.

·   The current trademark will be protected from being lost or withdrawn, and for further processing considered.

·    If the reply quoted cites the uniqueness of the mark, the probability of it being registered is small, thereby shielding the mark from infringement.

·    Some businesses continue using the TM label while the Trademark registration report is still waiting. It is easier to lodge a trademark appeal against the registrar in case of opposition, rather than file a new application.

Where to File a Trademark Objection Reply

The status of the trademark in the Indian Trademark Registry would be classified as "Objected" when an objection is raised. In case of a trade mark complaint, the following are the steps to file a response:

Trademark Opposition Analysis:

The first step includes carefully examining and researching the complaint, because any confusion in interpretation can lead to incorrect filing of Trademark Opposition Answer.

Drafting of Trademark Opposition Response:

The next step is to draft a reply to the trademark which will include the following:

A correct response to the complaint posed in respect of the rule of law and precedents and decisions concerning the case Discrepancies between the trademark and the applicant's trademark.

Other supporting documents and proof validating the answer. An affidavit detailing the mark's use on the applicant's website and on social media channels;

Trademark Hearing:

If the response is approved, the application for registration and ads will be further processed in the Trademark Journal. If it is not approved, or further clarifications are requested by the Trademark Examiner, a trademark hearing will be held and the same would be informed with a note.

Publication in the Trademark Journal

If the result is favorable at the hearing, the mark is approved and ordered to be published in the Trademark Journal. The Rejection Order shall be issued in the event of a negative result, stating the reason for the rejection. The applicant still would have the option to appeal the order by filing a review petition within 30 days from the date of the Refusal Order mentioning the grounds on which the order must be reviewed.

Registration

Once the trademark has been published in Trademark Journal, it will be subject to review for a four month period. When no opposition from a third party is lodged during that time, the mark will then proceed towards registration and the certification of registration will be released. When an appeal is lodged the opposition proceedings must take place in compliance with the law's established rules

Documents Required:

·    Authorization letter

·    Affidavit of usage

·    Examination report

·    Trademark hearing notice

·    Documentary proof of Trademark in commercial use.

·    The duly appointed applicant or the attorney has to appear before the authorities, on the scheduled date

What to do if you missed the trademark examination reply deadline?

The deadline is determined depending on the actual receipt of the exam paper. The deadline for filing the reply to the opposition will be 1 month from the report's receipt date.