1. Enterprise Registration and Taxation
Shipra Jain
FCA, LL.B, B.Com

2. Enterprise-Meaning
An organization, especially a business, or a difficult and important plan
Eagerness to do something new and clever, despite any risks

3. Types Of Enterprises Sole proprietorship One Person Company
Joint Hindu Family business
Partnership
Limited Liability Partnership(LLP)
Private Ltd Company
Public Ltd Company
Cooperatives

5. Sole Proprietorship
It is one of the easiest and simplest form of business entity to register and maintain in India.
No formal registrations Required
No separate identity
Less compliances
Unlimited Liability
Single Point Decisions
Limited Growth
Duplication of Names
Risky-Untraceable

6. Registrations & Compliances-Sole Proprietor
Proprietor PAN Card
Bank Account
Certificate/license issued by the Municipal authorities under Shop & Establishment Act,
Indirect Tax Registrations as and when Required
Income Tax Returns & Indirect Tax returns if registered

7. One Person Company-OPC
One Person Company (OPC) is a type of company introduced in the Companies Act, 2013 to enable a lone Entrepreneur to start and manage a limited liability entity. sales turnover to be less than 200 lakhs.

8. Salient Features-OPC A Separate legal entity
More opportunities, Limited liability
Minimum Requirements:
Minimum 1 Shareholder
Minimum 1 Director
The director and shareholder can be the same person
Minimum 1 Nominee
Letters ‘OPC’ to be suffixed with the name of OPCs to distinguish it from other companies
Benefits of being a Small Scale Industries (SSI-Enterprises Development Act, 2006(Now MSME Act)
Single Owner
Benefits under Income Tax Law-Presumptive taxation 
Increased Trust and prestige

9. Not For Profit Organisations
NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. 
NGOs can be registered in India under any of the following laws:
a. Trust under Indian Trusts Act, 1882
b. Society under Societies Registration Act 1860
c. Section 8 Company under Companies Act, 2013

10. Registration as Section 8, Company
Forms Required for Registration
Name of the form
Purpose of the Form
INC 1
Name Approval
INC 7
Application for Incorporation of Company
INC 8
Declaration
INC 9
Affidavit from each director and subscriber
INC 12
Application for License
INC 13
Memorandum of Association
INC 14
Declaration from a practicing Chartered Accountant
INC 15
Declaration from each person making the application
INC 16
License to incorporate as Section 8 company
INC 22
Situation of Registered Office
DIR 2
Consent of Directors
DIR 3
Application to ROC to get DIN
DIR 12
Appointment of Directors

11. Income Tax Registrations-Not For Profit
12 A Registration
The income received will be free from taxation.
The person registered under this section can avail benefits for accumulating or setting aside income which is not more than 15% for the charitable or religious purposes.
The accumulation of income, that is considered to be the income application according to Section 11(2) will not be included in the total income.
NGOs are entitled to receive grants and funds from various agencies. These agencies are entrusted to provide grants to 12A registered NGOs.
The Finance Act 2014 has extended benefits of registration for the trusts and institutions that have been registered under Section 12AA.
Itis a one-time registration. Once the registration is made, it will be active till the date of cancellation of the registration.
Application-form 10A

12. Income Tax Registrations-Not For Profit—Cont.
Only donations made to charities are eligible.
Gifts made to trusts operating outside India (a foreign trust) are not eligible for tax deduction.
Must have a 12A certificate.
Application in Form 10G along with
Activity report for the past one to three years,
Audited statement for the past three years, or even from the date of establishment in certain cases.
Separation of Business & Charity: 
No Misuse of Funds Received
No Religious Activity
 Proper Accounting

13. Thank You