Registration process for Startup Business in India

1
Common Legal Registration Processes for
Starting a Business in India
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Introduction
I
Company Name Availability Verification
II
CONTENTS
Business Incorporation Certificate
III
Shops and Establishment License/ Trade License
IV
Permanent Account Number (PAN) and Tax Deduction
Account Number (TAN)
V
GSTIN Registration
VI
Employee State Insurance (ESI) Registration
VII
Employee Provident Fund (EPF) Registration
VIII
Professional Tax Registration
IX
Digital Signature Certificate
X
Important Documents Required for Setting up
Business
XI
Conclusion
XII
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Introduction
Before venturing into a new business in India, it
is essential that you diligently follow the
necessary steps to get your organization
properly registered according to governmental
regulations and legal requirements. One of the
first steps toward establishing your new
enterprises is meeting all legal and industry
compliance needs.
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4
Company Name Availability Verification
Business owners have to check whether the
proposed name of their company is available,
which may be done online.
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5
Business Incorporation Certificate
Every business entity that wishes to start
business activities in any prescribed structures
must first get itself registered under the
Ministry of Corporate Affairs. Registration of
the firm/LLP/company or other structure is
mandatorily required.
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Shops and Establishment License/Trade License
Business owners need to get a license from the
governing authorities to set up any commercial
establishment on the premises. Obtaining the
license requires establishing that your
organization has more than ten employees, which
has to be ensured by the labor commissioner.
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Permanent Account Number (PAN) and Tax Deduction
Account Number (TAN)
Regardless of the business structure, such as
partnership, LLP, sole proprietorship, or any
other structure, getting a PAN and TAN is one of
the basic requirements. Issued by the income tax
department in India, these unique alphanumeric
numbers are essential to conducting business
activities.
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8
GSTIN Registration
The GST regime in India has covered almost all
types of businesses. Business owners liable to
pay GST have first to apply and get GSTIN, which
is a unique identification number.
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Employees State Insurance (ESI) Registration
All business entities conducting any commercial
activities are liable to contribute toward their
employees insurance premiums. This is required
to protect them against any possible mishap or
hazard and for managing their healthcare. ESI
registration is mandatory.
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Employees Provident Fund (EPF) Registration
Mandatory for all commercial establishments with
20 or more people, the EPF scheme of the
Government of India requires companies to cover
their employees with a monthly income of less
than Rs. 15,000/-
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Professional Tax Registration
Professional tax, levied by the local
administrative body of the government, is levied
on the salary paid to individuals. A
registration certificate is used as a reference
for tax remittance. This certificate is issued
by the concerned authority and must be obtained
while starting a new business.
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Digital signature certificate
All official documents and certificates must have
a valid digital signature. Indian company
registration process demands all business
organizations to acquire a digital signature
certificate. This ensures the safe submission of
documents electronically.
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KEY DOCUMENTS
Director Identification Number (DIN)
I
Certificate of incorporation
II
Digital signature certificate
III
Commencement of business certificate
IV
Registration on the Ministry of Company Affairs
portal
V
Shop and establishments license
VI
GST registration certificate
VII
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Conclusion
While venturing into a new business in India,
entrepreneurs must first understand the various
laws and regulations prevailing here. A few
major factors to be concerned about are labor law
compliance, shop establishment compliance, and
statutory compliance.
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Looking to register your business?
Look no further than Kanakkupillai - your
one-stop solution for all registrations! Contact
us today to get started. 91 7305 345
345 support_at_kanakkupillai.com
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