Universal Account Number

 There are nine fundamental legal documents you need to have in place before Business Setup in India . 1. Memorandum of Understanding 2. Registration of the Trademark 3. Non-Disclosure Agreements 4. Employee Contracts Along with Offer Letters 5. Shareholders Agreement 6. The Service Agreement of Directors 7. Business Plan 8. Terms and Conditions Related to the Supply of Goods or Services 9. Terms of Use Agreement for Website Endnote   • Memorandum of Understanding (MoU) If you want to start a business then the first thing that comes to your mind is standard deed you and your partner’s interest in the company. A Memorandum of Understanding is what we can call it. It showcases the normal or basic terms of understanding and clarifies what kind of contribution can anticipate from each other. • Registration of the Trademark It is very great for your future because it helps to strengthen your business. It creates a brand image over time. It is the u...

 In the present scenario, it is very easy to start a company in India. The best thing is it takes less time according to past years. Now it takes less than five weeks to register a company in India. Before planning to set up a business in India firstly you have to decide which type of business is required. There are two types of companies: private limited companies and public limited companies. LIAISON OFFICE It is the basic form of business presence that a foreign company can have in India. It is granted by (Reserve bank of India) RBI. It is established by foreign companies to advertise their business interests by spreading awareness of their products or services and exploring opportunities for business and investment in India. SCOPE OF ACTIVITIES: •             Represent the parent/group companies in India •             Promote exports and imports from...

UAN is a 12 digit number employer contribution to EPF. The universal account number of an employee remains the same if he or she changes the job.  If someone switches the job then EPFO allows a new identification number.  Benefits of UAN • Universal Account Number helps to check employee data. • It down the burden of employee verification from employers and companies by EPF organization. • Useful for EPFO for tracking multiple job switches of employees. • It helps to check the bank details & KYC of the member & KYC without any help from employers. • anytime EPF withdrawals have reduced the introduction of Universal Account Number (UAN). Required Documents for UAN • Bank account information — Account number, branch name, IFSC code. • ID proof — National identity card like Passport, Voter ID, Adhaar card, Driving License, SSLC book; any photo-affixed. • Address proof • Aadhaar Card • PAN Card • ESIC Card Things to Keep in Mind at the time of using...