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Registration Process for Starting a Business in India

Starting a business in India involves various legal requirements and compliances, and it is essential to follow the proper registration process to ensure the smooth functioning of the business. The registration process involves obtaining various certificates, reserving a company name, filing incorporation documents, and registering for various statutory compliances. The process can vary depending on the type of business and the state in which it is registered.

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Registration Process for Starting a Business in India

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  1. Common Legal Registration Processes for Starting a Business in India WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  2. I Introduction II Company Name Availability Verification CONTENTS III Business Incorporation Certificate IV Shops and Establishment License/ Trade License V Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) VI GSTIN Registration VII Employee State Insurance (ESI) Registration VIII Employee Provident Fund (EPF) Registration IX Professional Tax Registration X Digital Signature Certificate XI Important Documents Required for Setting up Business XII Conclusion WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  3. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  4. Company Name Availability Verification Business owners have to check whether the proposed name of their company is available, which may be done online. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  6. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  7. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  9. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  10. 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/- WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  11. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  12. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  13. KEY DOCUMENTS I Director Identification Number (DIN) II Certificate of incorporation III Digital signature certificate IV Commencement of business certificate V Registration on the Ministry of Company Affairs portal VI Shop and establishments license VII GST registration certificate WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  14. 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. WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

  15. 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@kanakkupillai.com WWW.KANAKKUPILLAI.COM #INCORPORATEYOURBUSINESS

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