I U Thakur & Associate LLP Website

Can I run a small business without registering ?

In India, small businesses can be run without registering, but it is recommended to register the company to obtain certain benefits and to ensure legal compliance. There are several unregistered business structures that small enterprises commonly use:

Sole Proprietorship
A partnership Firm
Hindu Undivided Family (HUF)

Which are Registered business Organisations ?

Private Limited Company, Public Limited Company and Limited Liability Partnership(LLP).

How do I start a business ?

Starting a business in India requires compliance with various legal requirements, including registering the business, obtaining necessary licenses and permits, and complying with labor and tax laws. Some of the essential legal requirements for starting a business in India are as follows:

Choose a Business Structure
Register Your Business Name
Obtain Director Identification Number (DIN)
Incorporate the Business
Obtain PAN and TAN
Obtain Other Licenses and Permits
Labor Laws Compliance
Tax Compliance
Open a Business Bank Account

What is ROC Compliance ?

ROC is the officer governed by the MCA that deals with the functioning, the ROC has to ensure that the Private Limited Companies and the LLPs comply with the statutory requirement of the ACT. The registrar of the companies functions as the regulator for the companies registered with them.

What is the annual Compliance of the company?

Annual Compliance means a specific set of Compliance that a company has to fulfill post-incorporation to commence and continue its operations. Under the Companies Act 2013, various compliances must be completed every Year.

If Issue is Not Fully Subscribed What Happens ?

The SME IPO must be 100% underwritten, and 15% underwriting should be from the merchant banker's account.

We Don’t Know Any Merchant Bankers Can You Help ?

We are connected with various Merchant Bankers we connect you for the same.

How Much Time It Takes to Get IPO ?

It takes 3 to 4 months to issue a SME IPO to the public.

Main Board IPO takes nearly 8 to 10 months or more to make a public offer.

Is SEBI Approval Mandatory for IPOS ?

SEBI Approval Not Required for SME IPO.

SEBI Approval Required for main Board IPOS.

How do I get my returns in Mutual Funds ?

Like other asset classes, Mutual Funds returns are calculated by computing appreciation in the value of your investment over a period as compared to the initial investment made.

Net Asset Value of Mutual Fund indicates its price and is used in calculating returns from your Mutual Fund investments. Return over a period is calculated as the difference in sale date NAV and purchase date NAV upon purchase date NAV and converted to percentage by multiplying the result by 100 . Any net dividend* or other income distribution by the fund during the holding period is also added to the capital appreciation while computing total returns.

Capital appreciation in Mutual Funds is reflected by increase in NAV over time. This happens because NAV of a fund is derived from stock prices of companies included in the portfolio of the fund, and the prices fluctuate every day. Change in NAV of a fund over time contributes to the capital appreciation or loss in your holding. View the return performance of your investments in the account statement provided to you by the fund house. This statement captures both your transactions and the return on your investments.

What is Systematic Investment Plan (SIP) ?

Systematic Investment Plan (SIP) is an investment route offered by Mutual Funds wherein one can invest a fixed amount in a Mutual Fund scheme at regular intervals– say once a month or once a quarter, instead of making a lump-sum investment. The installment amount could be as little as INR 500 a month and is similar to a recurring deposit. It’s convenient as you can give your bank standing instructions to debit the amount every month.

SIP has been gaining popularity among Indian MF investors, as it helps in investing in a disciplined manner without worrying about market volatility and timing the market. Systematic Investment Plans offered by Mutual Funds are easily the best way to enter the world of investments for the long term. It is very important to invest for the long-term, which means that you should start investing early, in order to maximize the end returns. So your mantra should be - Start Early, Invest Regularly to get the best out of your investments.

When should I start investing in Mutual Funds ?

There is a beautiful Chinese proverb, “The best time to plant a tree was 20 years ago. The second best time is now.

What is a good credit score to get instant business loans ?

Any credit score that is 750 or above is considered good by financial institutions. The maximum credit score is 900 and any score close to it shall be preferred first by lenders.

How to choose the ideal repayment tenor for business loans ?

Ideally, if you avail short-term loan then the repayment tenure should not exceed 12 months. However, it may increase as per the desired loan amount. The maximum repayment period can be chosen up to 5 years depending upon the loan amount that may exceed as per business requirements.

What is the impact of GST on business loans for new businesses ?

GST plays an important role in getting business loans, as the more the GST is paid, the larger shall be the business volume. Therefore, it becomes easy for banks to rely on such applicants or borrowers that pay their GST.

What is the minimum turnover requirement for a loan to start a business ?

The minimum annual turnover criteria are defined by the lender and vary from bank to bank.

Is it mandatory to have a co-applicant for availing LAP ?

A co-applicant for a loan against property is mandatory only when the property being mortgaged is owned by more than one person. In such a case, all co-owners of the property need to apply as co-applicants.

What types of properties are accepted by lenders providing Loan Against Property (LAP) ?

Different lenders have different criteria for the type of property to be accepted against a mortgage loan. However, mostly all lenders accept the residential, commercial or industrial property. It is important to note that the physical condition and age of the property may affect its acceptance by the lenders.