Step by Step Process for Starting Private Limited Company, Trademark & Microfinance Company in India with Lawgical India


It is therefore very important in today’s world to establish a business venture and protect it from legal challenges. And due to the developing economy of India, it offers numerous opportunities for establishments of different companies. If you are opening a small business or a large company, these basics of company registration, trademarks, and the procedure on setting up microfinance institutions can help in the development of the business.



Lawgical India is one of the best service providers who offer law help in business registration and other legal compliances in India. Right from registration of private limited companies to registering trademarks and micro finance companies, Lawgical India provides all legal solutions which an entrepreneur might require to start legally.

Here’s a detailed look at the various registration services provided by Lawgical India:


1. Private Limited Company Incorporation in India


Private limited company is one of the most favorite business entities that are allowed in India, particularly for the startups and SMEs. It provides little protection to its shareholders and also has fewer restrictions on the availability of funds.


The steps involved in the process of Private Limited Company Registration in India are explained below and Lawgical India can assist you to overcome all these. Here’s a step-by-step guide:


  • Choose a Company Name: Actually, the first aspect is the decision on the name of the company and the choice should be unique. The name should not violate trademarks in India and should not contravene guidelines that have been set down by the MCA for corporate names.



  • Obtain Digital Signature Certificate (DSC): For someone to sign the document electronically, a DSC is compulsory.



  • Obtain Director Identification Number (DIN): It is mandatory that each director of the company should possess DIN provided by the MCA.



  • File the Incorporation Application: Currently it involves preparing and submitting the appropriate Forms; such as Form SPICe which is the Simplified Proforma for Incorporating Company Electronically along with all the necessary accompanying documentation.



  • Obtain Certificate of Incorporation: After this approval, the RoC sends a Certificate of Incorporation, to formally form the company.



At Lawgical India, you don’t need to go through all this process as we take charge of all the paperwork, filing, and other legal requirements to avoid stress in setting up your company.


2. Trademark Registration Service in India 

It is now extremely important for any business to ensure that their brand and its products are safeguarded, especially in the new world economy. A trademark can create a unique identity for your goods or services and you need this protection if someone else were to misuse the symbols.


Registering a trademark with the Intellectual Property Office of India means that no one else has the rights to use your brand, logo or tagline. Here’s how Lawgical India can help with trademark registration:


  • Trademark Search: Trademark search is carried before filing registration to ascertain the uniqueness of the trademark proposed to be used and that of those already being used.



  • Application Filing: Once the search is accurate, Lawgical India will assist the client in filing the trademark through the relevant organization.



  • Examination and Objection Handling: Upon filing the trademark application process is scrutinized by the registry. If any objections come forward then they help Lawgical India to respond to those objections.



  • Registration and Protection: Once the trademark is approved, Lawgical India will help you with the registration certificate which you have complete rights on this trademark.



Trademark protection is then important not only for protecting the brand, but equally as much, for increasing the business value.


3. Micro finance company registration


Micro financial institutions offer loans and other financial services to the under-banked persons or enterprises in society. In India, micro financing has been a tool for giving the vulnerable and under privileged in the rural areas a chance.


The company formation process of a Microfinance Company entails the fulfillment of regulatory requirements and complied with by the Reserve Bank of India (RBI). If you are looking to set up a microfinance company in India, here’s the process that Lawgical India can help you with:


Company Structure: Micro financing institutions may be formed as a Private limited company, Section 8 company, and non–banking financial company.



  • Capital Requirements: Every type or category of an entity has minimum capital requirements that have to be complied with. For instance, an NBFC has to maintain Rs. 5 lakh as minimum capital.



  • RBI Approval: Currently micro finance institutions need the approval of the RBI to legally operate in India. This has involved the following: Observance of rules of the target market, interest rates and loan repayment policies.


  • Registration and Compliance: With the help of Lawgical India you can get your microfinance company registered where the requisite documents and business plans along with the financials are submitted and the company complies with the RBI laws.



As microfinance institutions continue to expand in demand and with the help of professionals such as Lawgical India, your microfinance institution serves the underserved population while making certain you comply with the legal requirements.


4. Company Registration Section 8 Online


A Section 8 Company is a company that is registered under the Companies Act 2013 Section 8 to work for charitable or technical purposes like education, religion and charitable purposes. These Companies function under Companies Act, 2013, and are tax exempt,and thus are preferred by those who are social enterprises.


To set up a Section 8 Company in India, Lawgical India offers a simple and efficient

process:


  • Choose a Name and Obtain DSC & DIN: For the company registration you will be required to come up with a unique name and digital signatures of the directors .



  • Prepare Memorandum and Articles of Association: As for a Section 8 Company, there has to be clear objectives regarding the welfare of society and you have to write the Memorandum and Articles of Association.



  • File the Application with RoC: After this, Lawgical India will submit all the required forms with the Registrar of Companies.



  • Certificate of Incorporation: Upon its approval, the RoC will provide your Section 8 Company with a certificate of incorporation and your Section 8 Company will be formed.



A section 8 company helps to decentralize the business from social causes and other formalities related to the government.


Conclusion


Various businesses across India have to fulfill certain legal requirements like registering a private limited company, trademark, and incorporation of a microfinance institution. At Lawgical India, we provide professional advice and support that not only help you to navigate legal requirements, but can also provide you with the legal service to facilitate your business success.


Whether registering a Private Limited Company, protecting your Trademark or applying for a Microfinance Company, Lawgical India is your one-stop solution. Having worked with Calvary Engineering Company & Supplies, it is safe to assure your business is in safe hands due to the expertise available for your business.


To start now, choosing Lawgical India is a good starting point towards legally running your business in India.



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