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DSB offers comprehensive support for non-corporate entities venturing into the business arena, encompassing registrations, financial management, tax considerations, and strategic business planning tailored to the size and goals of the enterprise.
In the non-corporate sector, DSB specializes in guiding entities through the intricacies of registrations, financial intricacies, tax intricacies, and strategic business planning, aligning each aspect with the unique size and objectives of the business.
For those stepping into the non-corporate domain, DSB extends its expertise in handling registrations, financial affairs, tax matters, and business planning, all meticulously designed to align with the scale and purpose of the enterprise.
Navigating the non-corporate landscape, DSB is your partner in managing registrations, financial intricacies, tax considerations, and business planning, ensuring a customized approach that aligns with your business’s size and objectives.
Trust Registration in India under the Trust Act, 1882
Legal Framework for Trusts
Trust Registration in India operates under the Trust Act, 1882. It involves the transfer of property by the owner for the benefit of a third person, accompanied by a declaration to hold the property for the benefit of that person.
Diverse Purposes of Trusts
Trusts can be established for various purposes, such as social service, education, healthcare, recreational facilities, and any other endeavors contributing to general public welfare.
Private vs. Public Charitable Trusts
Trusts can be classified as private or public charitable trusts. Private trusts manage individual or organizational assets but do not qualify for tax benefits. On the other hand, public charitable trusts, also known as Non-Governmental Organizations (NGOs), engage in charitable work for public welfare and can be registered accordingly.
Registration Process Overview
The registration process involves several key steps:
- Choose an appropriate name for the trust.
- Identify the settler and trustees.
- Draft a comprehensive trust deed, including the memorandum of association and rules and regulations of the trust.
- Submit the trust deed to the local registrar.
- The registrar retains a photocopy of the trust deed.
Public Charitable Trust Registration:
If you aspire to contribute to public welfare, registering as a public charitable trust (NGO) is the route to take. Our services encompass guiding you through the entire process and providing detailed procedures for trust registration.
Efficient Registration Timeline
Upon submission of the required documents, the registration process typically takes a minimum of 7 working days to obtain the registration certificate.
Embark on your trust registration journey with us, ensuring compliance with legal frameworks and contributing positively to your chosen areas of social impact.
Establishing a Society under the Societies Registration Act, 1860
A society is legally registered under the Societies Registration Act, 1860. Our services encompass providing you with a comprehensive guide on the entire process and procedures for society registration. Societies can be formed to promote various causes such as education, fine arts, literature, social development, industry, and more.
Society Registration Procedure:
Choosing an Apt Name:
Selecting an appropriate name is the initial step in the society registration process.
Memorandum of Association (MOA):
Drafting a Memorandum of Association, along with rules and regulations, establishes the foundational framework for the society.
Document Preparation:
Assemble additional essential documents, including a certified true copy (CTC) of the resolution of registration, a declaration by the society’s president, and identification proofs of the members.
Submission and Registration:
Submit the compiled documents for registration. Our team ensures a smooth submission process.
Processing Time:
Post-document submission, the registration process typically requires a minimum of 7 working days to obtain the official registration certificate.
Commence the process of society registration in collaboration with us, ensuring compliance with legal norms and actively contributing to the progress of your selected societal goals.
Formation of Cooperative Societies for Social Welfare
Cooperative societies are established to safeguard the interests of the marginalized sections of society. To formalize their existence, a cooperative society must be constituted in accordance with the Co-operative Societies Act, 1912. The primary aim is to collectively achieve the common objectives set by its members.
Required Documentation for Registration:
- Society’s name and address.
- Clear definition of the society’s aims and objectives.
- Comprehensive list of members with their respective addresses.
- Share capital details and its distribution.
- Procedures for admitting new members.
Registration Process:
The registrar meticulously examines the submitted documents, ensuring compliance with all stipulated requirements. Upon verification, the society’s name is officially entered into the register. Subsequently, a certificate of registration is issued to formalize the establishment of the cooperative society.
Initiate the establishment of your cooperative society in partnership with us, ensuring strict adherence to legal standards and actively participating in elevating the less privileged within our community.
Navigating Partnership Firms in India under the Indian Partnership Act, of 1932
Partnership Firms in India operate under the governance of the Indian Partnership Act, of 1932. These firms, controlled by an association of people for profit, offer a simplified formation process without the burden of extensive legal formalities. While a partnership is easy to establish, it comes with the caveat of unlimited liability for partners in general partnership businesses, making them personally accountable for the firm’s debts.
Key Features and Our Services:
No Mandatory Registration:
Although registration with the registrar is not compulsory, certain benefits accrue from registration, particularly in safeguarding the firm against third-party liabilities. To kickstart your partnership, only a partnership deed, PAN, and GST (where applicable) are required.
Our Comprehensive Services Include:
Business idea validation
Partnership deed drafting
Stamp fees
Notary expenses
PAN number acquisition
Advantages of Partnership Business:
- Ease of Commencement: A partnership deed suffices to initiate business; registration is not obligatory.
- Freedom in Business Name: Unregistered partnership firms can choose any name, provided it doesn’t infringe on a registered trademark in India. Consider trademark registration for brand name protection.
- Simplified Management: General partnerships entail lower costs compared to LLPs or private limited companies, with minimal compliance requirements.
Embark on your partnership venture with us, leveraging the advantages of simplicity, flexibility, and strategic planning for your business’s success.