Some important steps to starts the business:
India increased every day in different types of businesses. India's citizens are no more dependent only on jobs in the private sector or government. But prefer to try their luck in business. India one of the fastest growing economies in the world's current India offers great opportunities for business promising. One can choose any kind of booming industry and a lot of options available in this country. However, you need to follow some steps to start a business in India. In this article we will discuss some of those steps that are vital to any Indian business person while approaching to the new business.
Steps that must be followed:
You need to visit the website of the affairs of the presidency companies in order to obtain debt or manager identification number. This is important for a business to be established in India. You need to fill out an online form to get this number, and once you get it, you have to send it for further verification with the correct identity and address of the proof.
Then you have to register the company name with the Registrar of Companies, or ROC. You can give 2-3 suggested names for your company can be found on the availability of the names on the site MCA 21. The whole process from getting registered name will take 2 or 3 days. This is one of the most important steps to start a business in India.
You must have documents signed by the manager or a licensed bank that are associated with a group of your business. And it must include copies of receipts for payment, articles of association, and other note. After that we will return all the papers sealed to know that stamp duty is paid properly.
Then it must be signed by the promoters with an accurate description of the activities and purposes of the company's papers sealed. They must have their testimony at the signing of these securities.
You need to fill out forms 1, 18 and 32 on the MCA site in order to obtain the Certificate of Incorporation. You need to pay the payment offline or online mode. It will be sent to the Certificate of Incorporation the registered office of the company on your own.
You need to get a PAN or Permanent Account Number for your company in order to obtain payment facilities and tax deduction. The national deposit-based Services Ltd. securities can provide PAN.
You need to have the tax or tan services tax deduction and tax collection account number. Can the Income Tax Department provide you with this figure.
You need to register your business with the stores, the law establishing the Office of the inspectors, and officers of the sales tax to register for VAT. This is one of many steps to start a business in India.
Finally, you must register your business name with the Employee Provident Fund and the tax profession and medical insurance organization.
These are vital steps that must be followed and maintained properly in order to determine a legal business in India.