admin, Author at Business , Financial & Legal Consultant In India

August 28, 2018

Procedure for BIS Registration

The initial step is to get the item tried from any of the BIS Laboratories according to their affirmed scope (recorded at BIS site (www.bis.org.in)) . all basic part will be announced by the assembling unit and test report of every segment will be submitted to lab, if pertinent.

Besides the test report will be issued by the BIS Recognized Laboratory just ib the name of Manufacturer (Applicant) who is really fabricating the item. The test report which is gotten will specify the name of the assembling unit and its entire address i.e. its production line address from where it is made.

Before test report is presented the application for registration in BIS. it ought to be guaranteed that the test report which was created ought to be tried and assessed and finished legitimately.

At that point following stage is to download the shape 6 which is Application for give of registration and frame 7 which is self assessment cum revelation for registration from the BIS site.

Application in Form 6 and frame 7 it is to ensure that it is properly marked and totally filled by the Chief Executive Officer (CEO) of that assembling unit (Applicant) of creating great.

Following ought to be submitted for BIS Registration and they are as per the following:

-That frame 6 and shape 7 ought to be filled and properly marked b the CEO of the assembling unit (Applicant) or by the Authorized agent (not Indian Representative). Assembling unit will likewise present the Authorization letter in such manner and no section will be left unfilled in the application frame.

-Every one of the records will be submitted and those archives of name and address will be confirmed by the expert. What’s more, the name and finish address of the assembling unit will be accessible in the archive.

-If there should be an occurrence of outside producer frame 6 and shape 7 will be countered marked by an Indian Representative or by the approved agent of branch or liason which is available in India.

-Test report which was issued by the BIS Laboratories will be submitted and that test repost ought not be more seasoned than 90 long periods of issue date by Lab.

-Assertion for the concede of Registration of outside producer will be marked by the Indian Representative or by the Authorized delegate of branch/or liason office.

At that point letter for registration will be gotten.

In this way Rs. 1000 is to be paid for the Application frame at that point expenses shifts in Inspection, Grant of License and so on.

In this manner through this blog we attempt to clear the process for the methodology for BIS Registration process in India

August 28, 2018

Procedure For Registering Trademarks in India

Trademarks is any name, slogan, graphics, shading mix or even notice that is a special articulation identified with an item or administrations that recognize its merchandise and ventures from others. By Trademark registration the proprietor gets a selective right of use of that trademark and can additionally exchange it likewise in the event that he need to.

For trademark registration initially, Trademark search is to be done, through which one gets demonstrate that current brand innocence or comparable name does not exist and further no protest could be raised by the registry.

At that point Application for trademarks is to be connected by an individual itself or they can pick their Attorney or Agents to do as such, as through BIATCONSULTANT trademark Registration can be connected for. At that point inside three long periods of Application the Applicant can utilize ™ image as it requires long investment for the registration of the trademarks and subsequent to getting registered the proprietor or the Applicant can utilize R image for its trademark.

Trademarks Registration process Online In India

Top off the Trademark Registration frame:

Before you start with the technique, the trademark registration shape is to be filled by the Applicant which is likewise called as TM-A (Trademark application) specifying your important subtle elements. The frame approaches about the business for your business, in the event that the trademark is being registered in its name, and the logo, slogan, word you are registering.

Trademark Search

Before you go for a trademark registration it is essential to ensure that there is no current or comparable trademark, so you will do trademark search first, or through Biatconsultant, we ensure that we do exhaustive search and after that disclose to you that whether your check is accessible or not.

Choice of Class

Each brand name and logo is registered under a specific class. The Trademark Registry has ordered the products and ventures in various classes i.e. from class 1 to 45. Through biatconsultant we assist you with searching and propose for the fitting classes under which your trademark falls. For instance, autos falls in various class while Restaurant falls in various class.

Trademark Application documented

When you have documented your application then you will get a ™ Number from the recorder which causes the Applicant to track the application or trademark status on the web and besides the Applicant can utilize the ™ image with their image name.

Fastening the Vienna Codification

This is the critical advance in Trademark registration. The Vienna Classification or Vienna Codification is the worldwide arrangement of the component of stamp. When you have recorded an application for a trademark, the trademark enlistment center will affis the Vienna Classification on your trademark. At this stage it is perused as “Application sent for Vienna Classification”.

Trademark Examination

After your trademark is sent for vienna order, the trademark officer will look at your trademark based on techniques and rules. After that the Trademark Application can either be acknowledged or Registry can raise the complaint based on examination report.

Hearing before trademark enlistment center/Officer

On the off chance that the Registrar isn’t happy with your application or has rejected our trademark application then you can go for hearing before the Registrar. Subsequent to hearing your focuses in hearing if recorder gets fulfilled then they can go for settle arrange or it is possible that they can dismiss their application. Also, on the off chance that you are not happy with the choice of the Registrar then you can approach the Intellectual Property Appellate Board.

BIATConsultant is #1 business consultant for Trademark registration online in India . Contact us now .

August 28, 2018

Free International Trademark search in India

Free International Trademark search in India

Any individual or organization wants to offer their items in an International Market, they are required to enroll their trademark Internationally too. To get the trademark enlisted internationally it is critical to do trademark search internationally in India, and if no check matches or discovered then an Applicant can apply for trademark registration internationally. International Trademark registration is directed by Madrid Protocol and WIPO ( World Intellectual Property Organization) of Geneva.

International Trademark search is an office given by WIPO by which search is done in international database and candidate additionally gets beyond any doubt that in the wake of applying For trademark Internationally the odds for complaint is less.

Advantages of International Trademark search are as per the following:

By doing Trademark search internationally one gets beyond any doubt that there is no existing comparable stamps internationally. What’s more, along these lines,, the odds of protest lessens. By doing trademark search the Applicant determines that they can’t utilize their trademarks on International level, which spares them for doing any kind of infringement.

Furthermore, by doing Trademark search internationally one gets clear and can likewise observe the infringers i.e. who else is using their stamp and making business advantage out of it and in this way the Applicant can sue the infringer and can assert harms or can request injunction either.

Along these lines it is vital for each individual and friends to do trademark search before applying for Trademark whether in India or Abroad.

Procedure of Conducting International Trademark search In India

There are distinctive strategies for conducting International trademark search in India. The entire database of international trademark is there on WIPO Website, and its control board includes the organizations that agreed to accept the Madrid framework. Through Word Search, Logo search and Device Search Trademark search should be possible:

You can direct word search and search for phonetic comparability under class 1 to 35.

Logo grouping is helped out through Nice Classification database set up in light of Nice understanding.

Gadget check search is finished using the International Classification of Figurative component of stamp database.

One imperative thing to be noted before applying for International Trademark registration it is critical to get your trademark enrolled in no less than one Country and after that you can apply for trademark registration in other Country.

August 27, 2018

Difference Between Trademarks, copyright And Patents

Trademarks, Copyright and Patents are three different things i.e. these are three different kind of Intellectual Property Rights. IPR is the right given to the creators over the creations of their mind. According to WIPO (World Intellectual Property Organizations) Intellectual Property can be defined as the creation of mind, the inventions, literary work, names, logo, dramatic work etc.. and creators of these things gets the exclusive right to use these Intellectual Properties, and no one else can use it without their permission.
There exists difference between Trademarks, Copyright and Patents, but still people finds it difficult to make out difference between these three. Therefore by this blog you will get to learn difference between the Trademarks, Copyright and Patents.
Trademarks
Trademark can be defined as unique name, symbol, logo, colour etc. that can be used to distinguish one goods from the other. By registering Trademark the owner gets an exclusive rights to use that trademark, and that trademark can further be transferred or assigned to others. By trademark registration in India he owner gets exclusive right of its usage and distribution. In order to get your trademark registered in India trademark that is chosen should be unique and should not be generic.
Trademark in India is given for the maximum period of 10 years and it gets renewed after every 10 years. The trademark registration once obtained is valid as long as the mark is used in the commerce.
The benefit of getting the trademark registered is that the trademark owner gets the exclusive right of usage of that trademark, and he can also further assign or license his trademark. And if anyone else who is not authorized to use that trademark uses it then the owner of the trademark can sue him for infringement of the trademark. And they can use R symbol once their trademark gets registered. For example, Apple, Maggie etc.
Copyright
Copyright is the kind of IPR that protects the original work of authorship such as books, articles, songs, photographs, sculptures, choreography, sound recording, motion pictures and creative works. In order to get the work copyright then the work should be original and creative, but the work should be in tangible form i.e. idea cannot be copyrighted whereas in order to get its work copyrighted idea should be expressed in some tangible form.
Copyright is given till the lifetime of Author plus 60 years after his life. The Author can use c symbol after getting its work copyrighted. With copyright registration in India Author gets an exclusive right to reproduce it, make derivative of work, distribute and make public performance and display the copyrighted work. And no one else can use that copyright otherwise it will be considered as an infringement, and the Author can sue the infringer and claim for damages or Injunction either. For example, Novel of Chetan Bhagat etc.
Patents
Patent is given for the new invention i.e. if any one has invented new thing such as manufacturers, machine, compositions, novel processes etc. then he/she can give application for patent registration. For Patent Registration there should be three things which should be met and those are, Novelty, Industrial application, and non-obvious.
Patents is valid for the maximum period of 20 years and after 20 years it comes in public domain i.e. after 20 years any one can use it publically.
Before 2005 only product patent was valid but after 2005 amendment both product and process patent is valid.

After getting product patent in India the inventor gets the exclusive right to prevent others from making, selling, or importing the protected invention. For example. Microsoft has taken patent for its multiple software.

Therefore these three are the clear distinction between the three on the basis of kind of product they prevent. For instance, trademarks gives protection to names, symbols, logo etc, Copyright gives protection to literary, artistic and dramatic work, or creativity and patents gives protection to the new invention.

August 15, 2018August 15, 2018

Benefits of FSSAI Registration

A food License by which is issued by FSSAI is regarded as a permit which is required to operate a food related business and also in order to ensure good quality of food in your business an from the benefits one from the government actions on non-compliances.

But, some of the entrepreneurs, oversee the importance of FSSAI license as to how this license can be used as an effective marketing tool in order to boost your business. You can use FSSAI License in following ways:

Consumer awareness: in this age of information, the consumers have become more alert and informative about the quality of food which they eat. With the number of diets and increasing of the healthy eating food options, people are required to know as to what they are consuming is not just safe but also is of good quality. More so after the recent controversy with Maggi, are proving that consumers have started to take the food security standard safely.

Legal Advantage: most of the businesses identifies getting an FSSAI License as an expensive, time consuming and inconvenient process of documentation, thus, they try to avoid getting the license. But in reality the process is not so cumbersome and there are sites which can help you get the license with ease. The actual cost is order to achieve the license is less than what you will have to pay for in as the penalties if you are caught. It is thus advisable for any businessman to firstly get your license before you can even officially open your business.

Using the FSSAI logo: once you have the license, you can skillfully use the FSSAI Logo in your menu cards and also in the Pamphlets in order to publicise you foods superior quality from others. This however, gives you edge over the many food operators not having the license. All packaged food is thus required to have FSSAI number. The logo is seen as the mark of validity as also for assurance by the customers. In fact the selective consumers wants to consume food products specifically who are having the license. It helps you in developing a brand name.

Business Expansion: when the time comes for your business to expand in other areas or outlets, you can easily do so with the help of FSSAI License. The license will help you to establish your reputation and also your qualification to grow your business in a new direction and with ease. Moreover, the license can also make it easier for you to get bank loans and for funding which is required for expansion.

It is thus believed that there are more than crores businesses in the country while only 33 lakhs are registered with FSSAI. The importance of the quality standard is ever growing and it is beneficial in the short as well as in the long run for your business in order to have FSSAI License.

In case you are looking for FSSAI registration online , you can consultant BIATConsultant for the same to easily get your FSSAI license .

August 15, 2018

How To Register DOT OSP License For Call Centres In India ?

How to register a call centre in India

Other Service Providers (OSP) are the service provider of IT and telecommunication services. OSP can take telecom services from authorized telecom service providers. These services can be provided in the field of banking, medicine, e-commerce, aviation, education etc. telecom resources are telecom facilities used by OSP. There are two kinds of OSP domestic and International.

OSP services need to get registered through Department of Telecommunication (DOT). Services can be provided according to the terms and conditions formulated by telecom commission in February, 2000. There are certain services like call center, IT Services, and telebanking.

Requirement of OSP Registration:

Incorporation certificate of the company.
Memorandum of Association and Articles of Association.
Board resolution of power of attorney authorizing the authorized signatory with self attested signatures.
Nature of business or activities of proposed OSP.
Directors list of company
The present shareholding pattern of the company and equity details.
A number of seats in the call centre
Schematic diagram of the call centre layout and details of equipment
Address of the location connected with leased lines or where incoming only PSTN lines are terminating
The bandwidth of the leased lines

Steps to Register:

First you need to visit website www.dotosp.gov.in
Fill form 1 where all the information about the services are needed to fill.
Submit the important documents mentioned above. The documents should certify from Company Secretary, Director, Statutory Auditor, or Public Notary.
After it, the authority makes necessary verification and it grants the license valid upto 20 years from the date of such Application.
The Company can have more than one OSP which requires an amendment.
The processing fee is to be paid Rs. 1000 can be in the form of DD or other banking norms.

Terms and Conditions:

Telecom resources of OSP should be from an authorized telecom service provider.
After examination of a network diagram of the network proposed to be set up by the OSP from Authorized telecom service provider.
OSP should submit the copy of the network diagram approved by the telecom service provider to VTM cells for records and verification.
OSP can have internet connectivity from an authorized internet service provider.
Permission to share OSP with Telecom Bandwidth with other activities of the same company or group of companies.
Restriction has been proposed that the OSP shall not, without the prior written consent. Directly or indirectly, assign or transfer this registration in any manner.

A comprehensive guide to start a BPO in India

For every aspiring entrepreneurs who desire to start a BPO the procedure for its Registration may sound tedious. In this blog we have outlined certain easy steps which you can follow to start a BPO in India.

When it comes to Indian Stereotypes, talk about the call centres come at the top of it. But, regardless of how it might look like, there is a certain amount of untapped potential of profit in this industry. This fact is pretty evident by the fact that several start-ups are actually moving forward with their dreams of having their own Business Processing Outsource (BPO). However, this entire prospect of BPO centre is not quite easy. It requires patience, lots of legal hurdles, and lots of documents that can make the entire process quite daunting.

However, with this blog, we aspire to ease your pain on how to start a BPO in India. Once you are done with this blog, you will have a more intimate understanding of the documents you require and the acts which you need to perform.

Step 1- setting up your BPO institution as a legal entity

Before you move on to setting up your Business Processing, you need to make sure that it stands as a proper legal entity. When it comes to India, you should sick with the most popular and the most feasible legal entity. Private Limited Company is the most relevant one. You can read about that how to give your business this legal identity in one of our other blogs.

Step 2- adhere to the purpose of BPO

A BPO is meant to provide services, these services come under other service providers (OSP). Therefore you will need to provide an OSP registration to your legal entity.

Step 3- Adhere to the following guidelines

Here is a succinct outlook on the guidelines that you need to follow while setting up a BPO:

There are exclusivity for call centres in India.
They are registered under OSP category defined in section NTS 99.
The validity period is 20 year.
100% FDI is permissible in all of the call centres in India
There should be no change in foreign or Indian promoters to the call center until approved by the competent authority
The resources that the call centre use should have legal standing
The telecom services provided to the BPOs will be based on their approved network diagrams.
There should be no interconnecticity of the international call centre to the domestic one.
The Department of Telecommunication is responsible for providing the adequate approval for interconnecting two domestic centers.

There are several other guidelines which you need to adhere in a letter head that you need to provide along with the following documents:

A DD of 1000 Rupees in the name of “pay and accounts officer (HQ), DOT”
Location of the termination sites of IPLC
Bandwidth of that IPLC
Number of seats in the centre
Schematic diagram of the call centre
Name of the foreign/domestic clients associated with the BPO

So in case you are looking for DOT OSP license registration in India for your call centres , you can contact BIATConsultant who can help you getting the license with ease .

August 12, 2018August 12, 2018

How To Check Or Search Registered Trademarks In India?

If you want trademark registration to be a successful process, you need to cover all your bases. With the search for a registered trademark, you will be one right step to the right direction of this purpose of covering your bases. The process is undertaken online and it is pretty simple. However, make sure that you are o the desktop while you are searching for a mark. Because Government sights are not yet optimized for mobiles properly.

A trademark search is what one might call the most underrated aspect for applying for trademark registration that many laymen out there tend to ignore. This step is not only important in order to see as to whether your mark is even available, but this search module is also responsible for something called a proper trademark classification.

Searching for registered trademark in India

If you are engaged with the trademark registration process in the right way, you are going to make sure that all your bases are covered. To that end, it is important that you make sure that each and every step you take throughout the application filing process is the right one. One of those step is to look for a registered trademark.

Steps to look for a registered trademark

The steps to look for a mark that are already been registered are the simple one if only you know where to go. To that end take heed of the following steps:

You first need to open up your browser (preferably Google chrome or internet Explorer)
Then you go to the browser and you search and input these exact terms, public trademark search.
Once you are there in the module, you will have the following options:

A word mark
A logo
Other mark

4. If you select word mark from the drop drown menu, then you will be prompted to enter the Vienna code. Therefore, as your first search choose the wordmark.

5. Now, in the given dialogue, you input anything that you want to write. If you want to type “Taranga” you can type that. However, if you want to know the mark starting from a certain character you precede the character with “starting with”.

6. Now, matters what method you choose, enter your mark and press enter.

7. If any such registered trademark is available, you will be presented to a page where you can actually see the trademark along with its logo.

These are the steps that will allow you to see the registered trademark. This is going to make sure that you are properly armed with at least some knowledge before you apply for your own trademark.

You can also contact BIATConsultant for getting your trademark registration and trademark infringements in India .

August 9, 2018

What Are The Advantages & Disadvantages Of Partnership Firm Registration?

The Partnership firm is the one that entails partnership between two individuals that undertake business for profit reason. There is no need to incorporate this form of business entity and there is no need to have a structure associated with it.

When it comes to India , one of its most popular firms that has come up with the Partnership firm. It is a form of business entity where two individual partners up and join forces to conduct a business for the purposes of profit.

However, just as it is with every sort of business entity, there are advantages and there are drawbacks that are associated with this particular form of business entity and they are as follows:

Benefits Associated with a Partnership Firm Registration:-

The benefits that are associated with a partnership firm are as follows:

This sort of business entity is easy to start-

Among all the business entities that are present in India, this is the sort of firm that is easiest to start. The only requirement for the incorporation process for this firm is that the need of a partnership deed. With this requirement, it can be incorporated and start within the same day. When you compare this kind of firm with the Limited Liability Partnership you would note that compared to 10-15 day registration process of LLP, this is just one day.

There is no need to pass resolutions-

When it comes to any sort of business, the most amount of time it takes to start a process is with the decision process. The reason for this is to need to pass the resolution. However, this is one thing that the partnership firm does not need to partake in. to that end the decision process is fast and is reliable.

Raising Funds-

It is far easier for a partnership firm to raise funds when you compare it to the Proprietorship firm. As there are multiple partners to contribute money. Furthermore, when it comes to loan, it is easy for a partnership firm to access it as the banks favours this lot more.

Equal sense of belonging-

Each partner in a partnership firm has a sense of belonging. They both can manage and indulge with many activities within the company. However, there cause is also common one. With ownership, what you have is a higher sense of accountability. The more accountable that partners feel, the better is there performance.

However, all is not green in the world of Partnership for there are certain drawbacks to this a well:

Drawbacks associated with partnership Firm Registration

The drawbacks that are associated wit this sort of firm are as follows:

1. The Liability is unlimited-

When the firm suffers a loss, then each and every partner associated has to bear them. Furthermore, the liability that one partner creates happen to be same for the other partner as well. In order to quell this liability, LLP came into existence.

2. The Number of Members is low-

When it comes to the numbers of members, that are allowed in such a firm, the number is limited to 20. To that end, the LLP makes for a much better option in this regard.

3. There is no central figure-

While this is commendable that this form of business entity tries to take a lot more attentions into its account. The lack of the central figures when it comes to the operations can make the entire endeavour a bit directionless. Furthermore, there can also be a discrepancy as to how much power is given to the Partners. There are times when one partner has more power than the others and this can turn things ugly as well.

4. The public finds it hard to trust a Partnership Firm-

When it comes to the matters of trust, you should know that a Partnership Firm does not require any sort of Registration done. To that end, there is no need to have structure of this firm. Now, for something which appears to be directionless, it is quite hard to gather the trust from anyone, let alone the public.

5. it can be dissolved abruptly-

When there is a certain case of “death” of one of the partners of the firm, it resukts in the complete dissolution of the firm. This sudden tend to end the business of the firm. With protection against dissolution, LLP has become a more desirable option as the death of the partner does not lead to any such disruptions to operations.

Conclusion-

There are both ups and down when it comes to a Partnership Firm. However, some of its benefits and disadvantages come with any form of business entity. While the lack o a central figure and lack of limited liability is quite obvious, there is a sense of freedom associated with such a company that still makes it alluring to traders.

BIATConsultant is leading consultant for partnership firm registration online in India .

August 8, 2018

Why should I obtain ISO 9001 for my business?

Every enterprise who desires to magnify his business by building customer trust an efficiency shall head out to obtain this certificate.

Every business is incorporated with a motive of attaining success and creating an image among customers. For attaining trust it is very crucial for every business unit to practice efficient business management tools. How can any company ensure effective implementation of quality registrations? A company can deal with quality management system by obtaining an ISO certification. The ISO certificate is obtained by the international organization for standardization or ISO. It is an international non Government body possessing almost 162 countries as its members. No matter what is the size of the Organization big or small this is a generic standard which can be applied to any kind of Organization. One important thing to be noted here is that if a person desires to tender for public sector work then obtaining this certificate is mandatory requirement for you. Through this blog we will take you to the meaning of ISO certification and its Advantages.

What is ISO 9001?

All across the world ISO 9001 is recognized as the quality management system in the world. Belonging to the ISO 9000 family this certificate deals with the various aspects and angles of quality management. Basically the aim of the certificate is to set out the criteria that can assist the organization in meeting the requirement and expectations of its customers. When the Organization obtains this certificate it helps them in enhancing the customer satisfaction and thus increasing the business with continual improvement in the performance. Every company irrespective of its size, work, and the products can gain benefits from the ISO 9001. One more thing to be noted about this certificate is that it is applicable to all the sectors of activities whether it is a public administration or business enterprise.

How will ISO 9001 benefit your business?

Simply stated ISO 9001 helps your business to grow and to stay at the next level reached. This certificate is a global recognition that help every business to create an identity of its own and welcome new business opportunities. Lakhs of organizations in the world are using this certificate and has reaped its benefits over years. Below we have listed out some of the benefits of this certificate for a business entity.

Improved customer satisfaction

The basic essence of this certificate is to improve the experience of its customers by making improvements in its ways and methodology focusing on customer requirements. Having a happy and satisfied customer base is the desire of every enterprise that contributes to the success of business immensely.

Increased credibility of the company

ISO 9001 is known as the standard of quality management system all over the globe. Thus obtaining this certificate attaches a good image with the company. Moreover usually ISO 9001 is the usual requirement for the company looking for a supplier. In this way ISO 9001 plays a crucial role in increasing credibility of the company and image of your business.

Integration of business process

There are simple processes in a business organization which makes it harder to integrate them all. This certification set out the efficient procedures, the flaws and errors are moved out and a better integration of all procedures is ensured.

Continuous improvement of business is ensured

ISO 9001 requires the consistent growth of business operations which in turn improves the overall growth of the business. Also it helps an organization to get and grab bigger opportunities that can drastically improve the performance of the business.

Marketing tool

in today’s era of competition marketing is not an additional requirement rather it is a primary need for the success of every business. Obtaining this certificate helps a business unit to imprint its good image in the minds of people. Thus it can prove to be a very good marketing tool for both big and small scale enterprises.

Improved quality of products

By now we have clearly understood that obtaining this certificate helps in placing quality standards in organization. When organizations observe certain standards the staff becomes much clear and thus the quality of products also improves.

Motivation to staff

This certification ensures the facilitation of clear processes and (communication) structures, tasks, and responsibilities throughout the entire Organization. To implement the clear processing staff involvement is mandatory. That assists in the motivation of staff improving the working atmosphere and reducing the pressure of work.

To conclude we can say that ISO certificate is powerful tools that helps the business units to bring out their best. Are you planning to obtain this certificate? Don’t wait to connect with the experts of BIATCONSULTANTS.COM

August 4, 2018

How To Maintain Company Accounts?

Every form of a company be it a Private Limited Company, Limited Liability Partnership, one person company etc, are required to maintain their books of Accounts as per the related acts. There are different rules regarding how to maintain company books of Accounts. The books of accounts of every company shall be maintained on accrual basis and double entry basis. Further, all the accounts of the company shall be kept at the registered of the company or at such other place in India as approved by the Board Of Directors of the Company.

What do books of Accounts include:

The books of the Accounts of the company include the deeds, vouchers, writings, documents, minutes, and registers maintained on papers or in Electronic form pertaining to the transactions of the company.

Rules regarding maintaining company accounts:

As per Companies Act, 2013 every company is required to end its financial year on 31^st March every year and prepare the Books of Accounts accordingly.

The Books of Accounts of Company prepared must give the true and fair view of the state of affairs of the company including its branches if any.

The accounts of the company shall be maintained manually or in electronic form.

It is mandatory for every company to prepare financial statements. Financial statements include Balance Sheet, Profit and Loss account/Income Expenditure account, cash flow statement of changes in equity.

Time period for preserving company Accounts:

As per the Companies Act, 2013 it is mandatory for every form of company to preserve in good condition the books of Accounts together with relevant vouchers for any entry for up to 8 years. Further, the freshly incorporated company are required to maintain their accounts and vouchers for up to 8 years from the date of incorporation. However, in case any other regulations requires books to be maintained or a longer period then it will be the obligation of the company to maintain books for a longer period.

Consequences of failing to maintain the Company Accounts:

It is the responsibility of the Managing Director, the whole time Director, in charge of finance, chief financial officer or any other person of a company nominated of the Board of Directors to ensure that the books of accounts of the company is maintained properly.

It is very significant for the Directors to fulfill their responsibility as in case they fail to do so a hefty penalty can be levied and the imprisonment can also be levied. In case of violation the amount of penalty range from Rs. 50,000/- to Rs 5,00,000/- and/or imprisonment up to one year.

So in case you are looking for expert assistance in annual compliance for your company , then you should hire BIATConsultant experts who can guide you throughout the process and can even assist you in maintaining the company accounts to .