Register your Company and Protect your Business
Once, after the government adopted the policy of globalization and liberalization, the development in the industrial sector became fast. India, which had an economy based on agriculture, has turned to be a fast growing country in industrial sector too. Many big industries have come up in various parts on India. Along with every large scale industry it is a common thing that a number of small scale industries will come up. They may be the ancillary units which manufactures and supplies various spares required by the large scale one or some independent unit which manufacture products from the waste materials from these giants. While some of these small industries are registered some are working without any company registration. This is highly risky.
There are certain rules and regulations for company formation. All industries have to follow these rules without fail. An industry is always prone to several mishaps including accidents. So, if your company is registered and you are following the regulations agreed by you at the time of new company registration, you are out of danger in the legal point of view. If yours is not a registered company, you will have to face so many legal charges. This will put you into severe tensions and it may affect your business in total too. There are a large number of firms to help you in completing the formalities involved in company incorporation, STPI registration etc. These firms are with enough people who are experts in laws connected with company registration. They can handle the things very easily and they will help you in new company registration.
Secondly, government has come up with a number of incentives and other aids to the small scale industries. You will be eligible for all these benefits only if you are registered. Some of these incentives are for companies which have completed certain period of time. But, for some other incentives you can apply at the time of company formation itself. Various law firms dealing in this area can help you to find out about such incentives and will guide you in applying for it. But for all these you should have a company registration.
Firms like Global Jurix Law Firm, which is in this field for past so many years have expert law professionals with them to help you in matters like stpi registration. It is always better to take their advice at the time of company incorporation. This will help you to avoid wasting your time in running pillar to post for taking details regarding company registration, company incorporation etc. Besides, they will complete all your paper works which otherwise will consume a lot of time.
As mentioned earlier, it is always better to register your company. That will help you to reduce your tensions much and also will enable you to apply for the incentives that are offered by the government from time to time. If you are keeping a link with any such law firms they can also help you to get information about the various such incentives on time. This will again reduce your headache to a considerable level and you can apply for those if you are eligible.