Arshi Noor | Legistify

Arshi Noor
Answered on 21 Aug 2019

For starting stock trading minimum net worth requirement to be a stock broker is Rs. 10 crores and Membership fees are Rs. 1.25 crore (for stocks, derivatives, currencies, futures & options all included. o you want to be a stockbroker or a sub-broker? One of the important things to assess is your own capacity to own your own stock brokerage firm or practise as a sub-broker or dealer.  Stock Broker: If you have the financial capacity to start your own stock brokerage firm, then you can proceed with registering as a member of the Stock Exchange with a registration ID. The fees for registering as a member usually goes into several lakhs. Stock brokers can share this membership ID with their clients and begin trading. Sub-Broker: Individuals who want to practice on behalf of a registered stock-broker can trade under the membership of a registered member of the stock exchange or a stock broker’s membership ID. Dealer: Sub-brokers can hire dealers to actually input their trades on the stock exchange portals. A dealer is a person who enters the trades on the computer on behalf of the broker or sub-broker. Stock brokers and sub-brokers need to get a Certificate of Registration (CoR) from SEBI in order to proceed with trading. Under the guidelines of the stock exchange, no stockbroker or sub-broker is allowed to practice until he/she has a vaild CoR from SEBI. A sub-broker can register as a sub-broker with SEBI, similar to a stock broker. You also need to complete the business registration process. For the entire process, you can consult a startup lawyer in India.Read More

Posted on 20 Aug 2019 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 27 Jul 2019

To start a company in India, a minimum of two persons and an address in India are required. Further, the incorporation rules in India states that one of the Director of the Company must be both an Indian Citizen and Indian Resident (any person who has lived in India for over 186 days is considered an Indian Resident). READ: Laws Relating to Startups in India To register the company, foreign nationals who will serve as Directors of the Company will have to submit a copy of their Passport along with an address proof (Drivers License, Bank Statement, etc,). The copy of the original documents must be notarized by a Notary in the home country or by the Indian Embassy in the country of the foreign Director. For more clarification, you can consult or speak to our experienced startup lawyer in India who can guide you.Read More

Posted on 25 Jul 2019 | 1 Answer

Dhriti Dewan | Legistify

Dhriti Dewan
Answered on 25 Jul 2019

The important steps include:- 1. Name of the business - Naming your business or brand name and choosing an appropriate and available domain name. 2. Creating a logo - Once a name has been selected and a corresponding domain registered, it’s time to craft a simple logo. 3. Understanding search engine optimization (SEO) - Search Engine Optimization is the the process of maximizing the number of visitors to a particular website by ensuring that the site appears high on the list of results returned by a search engine. It's important to understand search engine optimization so that you can properly structure your site and pages for various search engines. 4. Building your store -In order to build your store the important elements include building high-converting product pages, writing captivating product descriptions, shooting beautiful product photography and much more. For more information you can consult our expert startup lawyers in India who will help and guide you in your matter.Read More

Posted on 24 Jul 2019 | 1 Answer

Harini S | Legistify

Harini S
Answered on 05 Mar 2019

You can register a private Limited Company with 3 co-founders under Indian Companies Act. There are pros and cons of each business model. To register your private limited company with 3 co-founders, you need to first sign a co-founder agreement. A co-founder agreement is a legal document which lays down the terms and conditions between co-founders of a startup regarding how the business will be operated between them. The co-founders agreement is a written agreement which provides insurance in case there is any dissonance between the co-founders. READ: Co-Founders Agreement in India You can consult a good startup lawyer in India, who will guide you in the procedure of registering you private limited company and the charges occurs.Read More

Posted on 05 Mar 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 12 Feb 2019

You can add a new co-founder to your company amending your old co-founders agreement and adding an addendum to include the provisions to add a new co-founder, his rights, position in the company, salary drawn and shares to be transferred to him, his duration as a co-founder, etc. You can consult a startup lawyer in India to get your co-founders agreement amended.Read More

Posted on 12 Feb 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 11 Feb 2019

A new director can be added to the Board of Directors with the consent of shareholders. The director appointed must be eligible as per the relevant clauses in the Articles of Association and give his consent to be a director in written form which the company must register with itself. A Digital Signature and DIN is required to add a new director in the company. After the submission of relevant documents is done, an application for Digital Signature Certificate and Director Identification Number is filed. The documents and application are verified and approved. After obtaining the DIN and DSC, the appointment form can be filed. Click here to add a new director in your companyRead More

Posted on 11 Feb 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 05 Feb 2019

If by roadside thelas, you mean food trucks, you need to adhere to the following legal compliances to start a food truck business in India: License from FSSAI (Food Safety & Standards Authority of India). Eating House License provided by the Licensing Police Commissioner in your city. License from Fire Department in your city to ensure the compliance of all fire safety guidelines. Commercial Vehicle License from RTO in your city. Shop and Establishment Registration from the local municipality/ health authorities. Insurance for the vehicle and mobile kitchen equipment. You can consult a good startup lawyer in India to get all the necessary licensing and registration done for your food business in India. Towns, cities and counties also have zoning restrictions, designating commercial and noncommercial zones. While you may be mobile, you can’t park just anywhere. Most areas limit food trucks, trailers, buses and carts to specific locations. A list of where you can and can't park should be available from the county clerk. You may also have to adhere to two-hour parking restrictions and pay for parking meters, even carts.Read More

Posted on 05 Feb 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

An entity would cease to be a 'startup' upon expiry of: a) 5 years from the date of its incorporation/ registration, OR b) If its turnover for any of the financial years has exceeded INR 25 crore; OR Startups would be required to intimate DIPP of any such cases within a period of 21 days. Read More

Posted on 20 Jul 2016 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

Yes, an existing company can be registered as a start up if it fullfills the criteria for being recognised as a start up. An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be considered a “Startup” – a) Upto 5 years from the date of its incorporation/ registration, and b) If its turnover for any of the financial years has not exceeded INR 25 crore, and c) It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. The entity should not have been formed by splitting up or reconstruction of a business already in existence. A proprietorship or a public limited company is not eligible as startup. A one-person company, being a private limited company is entitled to be recognized as a 'startup' Read More

Posted on 22 Feb 2017 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

Start-up India benefits are for Private Limited Company or Registered Partnership Firm or Limited Liability Partnership. A foreign national, NRI and PIO can register itself through MCA or Registrar of Firms using the existing processes and subsequently register itself on the Startup India portal and mobile app as a “Startup” to avail the benefits Read More

Posted on 22 Feb 2017 | 1 Answer