A company is a separate legal entity. Law requires that every company has to be registered with the registrar of companies established for every State. For the process of company registration, every company has the following three options now under the new Companies Act of 2013: Private company, Public company, One person company.
The individuals who own the partnership business are called ‘partners’ and collectively they are known as ‘firm’ or ‘partnership firm’. The name under which partnership business is carried on is called the ‘Firm Name’. The minimum no. of persons required to create a partnership firm is two persons and the maximum no. is fifty. Partnerships in India are governed by the Indian Partnership Act, 1932.
Registration of sale deed is governed by the Registration Act, 1908. The stamp paper to be used for preparing the sale deed differs from State to State Registration charges also vary from State to State.
Lease deeds for a period of more than one year should be compulsorily registered. The stamp duty and registration charges payable on lease deeds vary from State to State. It must be noted that non registration of leases for more than one year is a serious offence, it fails to establish any rights between the lessor and lessee.
A trade mark is a unique identifier, often referred to as a “brand” or “logo” of an entity. Once a trade mark is registered, the ® symbol may be used with the trade mark to represent the name of the entity it represents. A trade mark enables the businesses to distinguish their products or services from similar products or services offered by competitors.
The process of getting the mutation of a property done is basically the transfer or change of title entry in revenue records of the local municipal corporation. By mutating a property, the new owner gets the property recorded on his name in the revenue department records which helps establish ownership.
It is not compulsory to register a Will. However, registering a Will has many benefits. No stamp duty is payable on registration of Will. Only a token amount is charged as registration charges, no stamp duty payable.
Gift Deed is a legal document that describes the voluntary transfer of property from one person to another without the necessity of any consideration of money or anything of equivalent value in exchange. The executed Gift Deed must be registered at the respective Sub-Registrar office to make it valid.