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Starting Business in India Simplifiedstep-by-step process

by Arun Prabhudesai on July 1, 2009


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Now this is one question I have come across very frequently from our trak.in visitors,especially NRIs and foreigners who want to come to India to start their own Business.

So I thought it would be a great time to put across detailed procedure on how to StartBusiness in India, along with the duration it will take to start your own business inIndia, the costs involved, the paperwork involved and procedures for starting acompany in India.

Please bear in my mind that these are standard procedures and are applicable in mostcities in India, however, some in some cities there are some additional (or lack of)processes that you will have to find out.

The steps given below are for incorporating a Business in the city of Mumbai.

Steps involved in starting business in India

Registration Requirements:

No: ProcedureTime to

complete:Cost to

complete:

1

Obtain directoridentification number(DIN) online from theMinistry of CorporateAffairs portal(National)

1 day INR 100

2

Obtain digitalsignature certificateonline from privateagency authorized bythe Ministry ofCorporate Affairs(National)

3 days INR 1,500

3

Reserve the companyname online with theRegistrar ofCompanies (ROC)

2 days INR 500

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(National)

4

Stamp the companydocuments at theState Treasury (State)or authorized bank(Private)

1 day

INR 1,300 (INR200 for MOA +INR 1,000 forAOA for everyINR 500,000 ofshare capital orpart thereof +INR 100 forstamp paperfor declarationForm 1)

5

Get the Certificate ofIncorporation fromthe Registrar ofCompanies, Ministryof Corporate Affairs(National)

5 daysINR 14,133 (seecomments)

6 Make a seal (Private) 1 day

INR 350 (costdepends on the

number of sealsrequired andthe time periodfor delivery)

7*

Obtain a PermanentAccount Number(PAN) from anauthorized franchiseor agent appointedby the NationalSecurities DepositoryLtd. (NSDL) or the

Unit Trust of India(UTI) InvestorsServices Ltd., asoutsourced by theIncome TaxDepartment(National)

7 days

INR 67 (INR 60application fee+ 12.36%service tax +INR 5 forapplicationform, if notdownloaded)

8*

Obtain a Tax AccountNumber (TAN) forincome taxesdeducted at sourcefrom the Assessing

Office in the MumbaiIncome TaxDepartment

7 days

INR 57 (INR 50application fee+ 12.36%

service tax)

9*

Register with theOffice of Inspector,Shops, andEstablishment Act(State/Municipal)

2 days

INR 6,500 (INR2000 + 3 timesregistration feefor trade refusecharges)

10*

Register forValue-Added Tax(VAT) at the

12 days

INR 5,100(registration feeINR 5000 +


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Commercial TaxOffice (State)

stamp duty INR100)

11*

Register forProfession Tax at theProfession Tax Office

2 days No cost

12*

Register withEmployees Provident

Fund Organization(National)

12 days No cost

13*

Register for medicalinsurance at theregional office of theEmployees StateInsuranceCorporation(National)

9 days No cost

* Takes place simultaneously with another procedure. [Source]

source

Detailed Steps and Explanation of procedure to start Business in India

Procedure 1.

Obtain director identification number (DIN) online from the Ministry of CorporateAffairs portal (National)

Time to complete: 1 day

Cost to complete: INR 100

Procedure:The process to obtain the Director Identification Number (DIN) is as follows:

1. Obtain the provisional DIN by filing application Form DIN-1 online. This form is onthe Ministry of Corporate Affairs 21st Century (MCA 21) portal. The provisional DIN isimmediately issued.The application form must then be printed and signed and sent for approval to theministry by courier along with proof of identity and (address):a. Identity proof(any of the following): Permanent Account Number card, driverslicense, passport, or voter card;b. Residence proof(any of the following): drivers license, passport, voter card,telephone bill, ration card, electricity bill, bank statement;2. The concerned authority verifies all the documents and, upon approval, issues apermanent DIN. The process takes about 4 weeks.

Procedure 2.

Obtain digital signature certificate online from private agency authorized by theMinistry of Corporate Affairs (National)


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Time to complete: 3 days

Cost to complete: INR 1,500

Procedure: To use the new electronic filing system under MCA 21, the applicant mustobtain a Class-II Digital Signature Certificate. The digital signature certificate can beobtained from one of six private agencies authorized by MCA 21 such as TataConsultancy Services. Company directors submit the prescribed application form along

with proof of identity and address. Each agency has its own fee structure, ranging fromINR 400 to INR 2650.

Procedure 3.

Reserve the company name online with the Registrar of Companies (ROC) (National)


Cost to complete: INR 500

Procedure: Company name approval must be done electronically. Under e-filing forname approval, the applicant can check the availability of the desired company nameon the MCA 21 web site.The ROC in Mumbai has staff members working full time on name reservations(approximately 3 but more if the demand increases). A maximum of 6 suggested namesmay be submitted. They are then checked by ROC staff for any similarities with allother names in India.The MCA receives approximately 50-60 applications a day. After being cleared by thejunior officer, the name requests are sent to the senior officer for approval.Once approved, the selected name appears on the website. Applicants need to keepconsulting the website to confirm that one of their submitted names was approved.

In practice, it takes 2 days for obtaining a clearance of the name if the proposed nameis available and conforms to the naming standards established by the Company Act (1day for submission of the name and 1 day for it to appear on the MCA website).

Procedure 4.

Stamp the company documents at the State Treasury (State) or authorized bank(Private)


Cost to complete: INR 1,300 (INR 200 for MOA + INR 1,000 for AOA for every INR500,000 of share capital or part thereof + INR 100 for stamp paper for declaration Form1)

Procedure: The request for stamping the incorporation documents should beaccompanied by unsigned copies of the Memorandum and Articles of Association, andthe payment receipt.The company must ensure that the copies submitted to the Superintendent of Stampsor to the authorized bank for stamping are unsigned and that no promoter orsubscriber has written anything on it by hand. The Superintendent returns the copies,


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one of which is duly stamped, signed, and embossed, showing payment of the requisitestamp duty. The rate of stamp duty varies from state to state.According to Article 10 and Article 39 of the Indian Stamp Act (1899), the stamp dutypayable on the Memorandum and Articles of Association for company incorporation inMumbai, Maharashtra, is as follows:a. Articles of Association: INR 1000/- for every INR 500,000/- of share capital (or partthereof), subject to a maximum of INR 50,000,000;b. Memorandum of Association: INR 200;

c.Form-1 (declaration of compliance): INR 100.

Once the memorandum and articles of association have been stamped, they must besigned and dated by the company promoters, including the company name and thedescription of its activities and purpose, father-"s name, address, occupation, and thenumber of shares subscribed. This information must be in the applicants handwritingand duly witnessed.

Procedure 5.

Get the Certificate of Incorporation from the Registrar of Companies, Ministry ofCorporate Affairs (National)


Cost to complete: INR 14,133 (see comments)

Procedure: The following forms are required to be electronically filed on the website ofthe Ministry of Company Affairs:e-form 1; e-form 18; and e-form 32.Along with these documents, scanned copies of the consent of the initial directors, andalso of the signed and stamped form of the Memorandum and Articles of Association,

must be attached to Form 1.

The fees for registering a company can be paid online by credit card or in cash atcertain authorized banks. One copy of the Memorandum of Association, Articles ofAssociation, Form 1, Form 32, Form 18 and the original name approval letter, consentof directors and stamped power of attorney must be physically submitted to theRegistrar of Companies. The certificate of incorporation is sent automatically to theregistered office of the company by registered or rush mail.

The registration fees paid to the Registrar are scaled according to the companysauthorized capital (as stated in its memorandum):

a. INR 100,000 or less: INR 4,000. If the nominal share capital is over INR 100,000,additional fees based the amount of nominal capital apply to the base registration feeof INR 4,000:b. For every INR 10,000 of nominal share capital or part of INR 10,000 after the first INR1,00,000, up to INR 500,000: INR 300;c. For every INR 10,000 of nominal share capital or part of INR 10,000 after the first INR500,000, up to INR 5,000,000: INR 200;d. For every INR 10,000 of nominal share capital or part of INR 10,000 after the first INR5,000,000, up to INR 1 10,000,000: INR 100;e. For every INR 10,000 of nominal share capital or part of INR 10,000 after the first INR10,000,000: INR 50.


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The payment of fees can be made:1. offline: one can upload all incorporation documents and generate the paymentchallan. Against this challan, the applicant must obtain a demand draft for filing feesamount in favour of -" the Pay and Accounts Office, Ministry of Corporate Affairs, NewDelhi" and this demand draft is payable in Mumbai. The applicant must make thepayment at specified branches of certain banks. It takes around one week for clearanceof payment. Only after the clearance of payment does the ROC accept the documentsfor verification and approvals;

2. online: the applicant makes the payment by credit card and the system accepts thedocuments immediately. Please note that in Mumbai, the ROC requests for pre-scrutinyof documents for any corrections, before they are uploaded. Once the documents havebeen uploaded, they can then be approved without any further correction. The onlinefiling mechanism requires only one copy of scanned documents to be filed (includingstamped MOA, AOA, and POA).

Schedule of Registrar filing fees for the articles and for the other forms (l, 18, and 32):a. INR 200 for a company with authorized share capital of more than INR 100,000 butless than INR 500,000;b. INR 300 for a company with nominal share capital of INR 500,000 or more but less

than INR 2,500,000;c.INR 500 for a company with nominal share capital of INR 2,500,000 or more.

Procedure 6.

Make a seal (Private)


Cost to complete: INR 350 (cost depends on the number of seals required and the timeperiod for delivery)

Procedure: Although making a company seal is not a legal requirement for the companyto be incorporated, companies require a seal to issue share certificates and otherdocuments. The cost depends on the number of words to be engraved, the number ofseals required, and the time period for delivery. The cost can range from INR 300 toINR 500.

Procedure 7.

Obtain a Permanent Account Number (PAN) from an authorized franchise or agent

appointed by the National Securities Depository Ltd. (NSDL) or the Unit Trust ofIndia (UTI) Investors Services Ltd., as outsourced by the Income Tax Department(National)


Cost to complete: INR 67 (INR 60 application fee + 12.36% service tax + INR 5 forapplication form, if not downloaded)

Procedure: Under the Income Tax Act, 1961, each person must quote his or herPermanent Account Number (PAN) for tax payment purposes and the Tax Account


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Number (TAN) for depositing tax deducted at source. The Central Board of Direct Taxes(CBDT) has instructed banks not to accept any form for tax payment (challan) withoutthe PAN or TAN, as applicable. The PAN is a 10-digit alphanumeric number issued on alaminated card by an assessing officer of the Income Tax Department.

In order to improve PAN-related services, the Income Tax department (effective July2003) outsourced their operations pertaining to allotment of PAN and issuance of PANcards to UTI Investor Services Ltd, which was authorized to set up and manage IT PAN

Service Centers in all cities where there is an Income Tax office. The National SecuritiesDepository Limited (NSDL) has also launched PAN operations effective June 2004,setting up TIN Facilitation Centers.

The PAN application is made through the above mentioned service centers using Form49A, with a certified copy of the certificate of registration, issued by the Registrar ofCompanies, along with proof of company address and personal identity. A fee of INR 60(plus applicable taxes) applies for processing the PAN application. IT PAN ServiceCenters or TIN Facilitation Centers will supply PAN application forms (Form 49A), assistthe applicant in filling out the form, collect filled-out forms, and issue anacknowledgement slip. After obtaining PAN from the Income Tax department, UTIISL orNSDL as the case may be, will print the PAN card and deliver it to the applicant.

The application for PAN can also be made online but the documents still need to bephysically dropped off for verification with the authorized agent. For more detailssee(www.incometaxindia.gov.in , www.utiisl.co.in , and www.tin.nsdl.co.in )

Procedure 8.

Obtain a Tax Account Number (TAN) for income taxes deducted at source from theAssessing Office in the Mumbai Income Tax Department


Cost to complete: INR 57 (INR 50 application fee + 12.36% service tax)

Comment: The Tax Account Number (TAN) is a 10-digit alphanumeric number requiredof anyone responsible for deducting or collecting tax. The provisions of Section 203Aof the Income Tax Act require that all persons who deduct or collect tax at the sourcemust apply for a TAN. The section also makes it mandatory for the TAN to be quoted inall tax-deducted-at-source (TDS) and tax-collected-at-source (TCS) returns, all TDS/TCSpayment challans, and all TDS/TCS certificates issued.

Failure to apply for a TAN or to comply with any of the other provisions of the sectionis subject to a penalty of INR 10,000/- . The application for allotment of a TAN must befiled using Form 49B and submitted at any TIN Facilitation Center authorized to receivee-TDS returns.

Locations of TIN Facilitation Centres can be found at www.incometaxindia.gov.in andhttp://tin.nsdl.com The processing fee for both applications (a new TAN or a changerequest) is INR 50 (plus applicable taxes). After verification of application, the same issent to the Income Tax Department and upon satisfaction the department issues theTAN to the applicant.


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The national government levies the income tax. Since outsourcing, any authorizedfranchise or agent appointed by the National Securities Depository Services Limited(NSDL) can accept and process the TAN application. The application for a TAN can bemade either online through the NSDL website (www.tin-nsdl.com) or offline.

Upon payment of the fee by credit card, the hard copy of the application must bephysically filed with the NSDL.

Procedure 9.

Register with the Office of Inspector, Shops, and Establishment Act (State/Municipal)


Cost to complete: INR 6,500 (INR 2000 + 3 times registration fee for trade refusecharges)

Procedure: A statement containing the employer-"s and manager-"s names and theestablishments name (if any), postal address, and category must be sent to the local

shop inspector with the applicable fees.

According to Section 7 of the Bombay Shops and Establishments Act,-(1948), theestablishment must be registered as follows: Under Section 7(4), the employer mustregister the establishment in the prescribed manner within 30 days of the opening ofthe business. Under Section 7(1), the establishment must submit to the local shopinspector Form A and the prescribed fees for registering the establishment. UnderSection 7(2), after Form A and the prescribed fees are received and the correctness ofthe statement on the form is satisfactorily audited, the certificate for the registrationof the establishment is issued on Form D, according to the provisions of Rule 6 of theMaharashtra Shops and Establishments Rules of 1961.

Since the amendments in the Maharashtra Shops and Establishment (Amendment)Rules, 2003 dated 15th December 2003, the Schedule for fees for registration andrenewal of registration (as per Rule 5) is as follows:a. 0 employees: INR 100;b. 1 to 5 employees: NR 300;c. 6 to 10 employees: INR 600;d. 11 to 20 employees: INR 1000;e. 21 to 50 employees: INR 2000;f. 51 to 100 employees: INR 3500;g. 101 or more employees: INR 4500.

Hence in the given case the registration fees would be INR 2000, as there are 50employees In addition, an annual fee (three times the registration and renewal fees) ischarged as trade refuse charges (TRC), under the Mumbai Municipal CorporationAct,-(1888).

Procedure 10.

Register for Value-Added Tax (VAT) at the Commercial Tax Office (State)


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Cost to complete: INR 5,100 (registration fee INR 5000 + stamp duty INR 100)

Procedure: Beginning April 1, 2005, the sales tax was replaced by the VAT, whichrequires registration by filing Form 101.The authorized representative signing the application must be available at the Sales-TaxOffice on the day of application verification. The applicant goes to the Sales-Tax Office

and up to the registration counter. The clerk at the counter verifies that the applicanthas all the required documents and gives the applicant a token (waiting number). Aftera short wait, the applicant-"s number is called and the applicant approaches the desk ofa sales-tax officer.

There, all the information on Form 101 is manually entered into the system by theofficer. Within 10 minutes, the system generates a Tax Identification Number (TIN)Thereafter, the company is considered fully registered to pay taxes. However, theapplicant must wait between 10 and 15 days to receive the VAT registration certificateby mail.

In addition to Form 101, other accompanying documentation includes:

1) Certified true copy of the memorandum and articles of association of the company;-2) Proof of permanent residential address. At least 2 of the following documents mustbe submitted: copy of passport, copy of drivers license, copy of election photoidentity card, copy of property card or latest receipt of property tax from the MunicipalCorporation, copy of latest paid electricity bill in the name of the applicant;-3) Proof of place of business (for an owner, in the case of Doing Business): Proof ofownership of premises viz. copy of property card, ownership deed, agreement with thebuilder or any other relevant documents;-4) One recent passport-sized photograph of the applicant;-5) Copy of Income Tax Assessment Order with PAN or copy of PAN card;-

6) challan on Form No. 210 (original) showing payment of registration fee at INR 5000(in case of voluntary RC) and INR 500 (in other cases).

The whole process will be put online by the spring of 2009. This means that rather thanphysically having to go to the office, companies will fill in all their details online forForm 101 and then go to the office only so that the Sales Tax Office can verify theabove listed-documentation.

Procedure 11.

Register for Profession Tax at the Profession Tax Office (State)


Cost to complete: No cost

Procedure: According to section 5 of the Profession Tax Act, every employer (not beingan officer of the government) is liable to taxation and shall obtain a certificate ofregistration from the prescribed authority. The company is required to apply to theregistering authority using Form 1.

The registration authority for the Mumbai area is located at Vikarikar Bhavan, Mazgaon


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in Mumbai.

Depending on the nature of the business, the application should be supported withsuch documents as proof of address, details of company registration number under theIndian Companies Act (1956), details of the head office (if the company is a branch ofcompany registered outside the state), company deed, certificates under any other act,and so forth.

Procedure 12.

Register with Employees Provident Fund Organization (National)



Procedure: The Employees Provident Funds and Miscellaneous Provisions Act (1952)applies to an establishment, employing 20 or more persons and engaged in any of the183 industries and classes of business establishments, throughout India excluding the

State of Jammu and Kashmir.

The applicant fills in an application and is then allotted a social security number. TheProvident Fund registration focuses on delinquent reporting, underreporting, ornon-reporting of workforce size. Provident Fund registration is optional if theworkforce size is not more than 20. The employer is required to provide necessaryinformation to the concerned regional Provident Fund Organization (EPFO) in theprescribed manner for allotment of Establishment Code Number. No separateregistration is required for the employees.

Nevertheless, all eligible employees are required to become members of the Fund and

individual account number is allotted by the employer in the prescribed manner. Asper an internal circular, the code number is to be allotted within 3 days of submission,if the application is complete in all respects. However, in many cases applicants havereceived the intimation letter with the code number in 12 to 15 days. An onlineapplication facility is not provided so far.

Procedure 13.

Register for medical insurance at the regional office of the Employees StateInsurance Corporation (National)



Procedure: Registration is the process by which every employer/factory and every paidemployee is identified for insurance purposes and their individual records are set upfor them.

As per the Employees State Insurance (General), Form 01 must be submitted by theemployer for registration. It takes 3 days to a week for the Employer Code Number to


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be issued. The-" "intimation letter""- containing the Code Number is mailed to theemployer and that takes an additional couple of days.

The Employee-"s individual insurance is a separate process that is initiated upon theemployer-"s registration. The employer is responsible for submitting the requireddeclaration form and employees are responsible for providing correct information tothe employer. The employee temporary cards (ESI Cards) are issued on the spot by thelocal offices in many places.

The temporary cards are valid for 13 weeks from the date of the employeesappointment. It takes about 4 to 5 weeks to get a permanent ESI card.

We also did a series of posts about the legal information of doing business in India in a4 part series. Here are those articles that you may find extremely useful in your questto do business in India.

The Legal Environment1.Investment and Trade2.Company Incorporation3.

Intellectual Property Rights4.

35 4 Rate This

Related posts:

India ranked at No. 1 for starting a Retail business across the globe1.Doing Business in India Intellectual Property Rights Part 42.Starting a Business: Do Indian Entrepreneurs lack the killer instinct?3.Which is the most business friendly city in India ?4.The voting process for New 7 wonders of the world is faulty !5.Information needed to start business in India A Factfile !6.Indian Business Trends: Then and Now !7.

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Doing Business in India Company Incorporation Part 38.

Author: Arun Prabhudesai

Arun Prabhudesai is founder / chief editor at trak.in. Hejumped the Entrepreneurship bandwagon in early 2008after a long 13 year stint in I.T Industry. You can followhim on twitter @trakin and Facebook

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Tags on Starting Business in India Simplified step-by-step processpost

Tagged as: Doing business, Doing-business-in-india, EPF Registration, Getting a

company seal, getting certificate of incorporation, Getting sompany name registered,how to start a business in india, how to start a company in india, Incorporating acompany, investment trade, IPR, MCA portal, obtaining D.I.N, Obtaining PAN accountnumber, Obtaining TAN, Profession Tax registration, starting a business in india,Starting a business in Mumbai, Starting a company in India, Starting-a-business,step-by-step process, The Legal Environment, VAT Registration


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Add a comment28 comments

Akash Bhojwani Technical support at Microsoft

I am planning to start a new gadget store...a big showroom and a one stop shop for all the gadgetsn gizmos...

Reply Like Follow Post July 9 at 1:24pm

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Subscribe

11

Akash Bhojwani Technical support at Microsoft

thanks guyz fr d like :D ....yu can add me up on fb anytime if u need any assistance forur gadgetsz or anythng for free :D

Reply Like September 17 at 3:35pm

Subscribe

2

Ahmed Husain Ahmedabad, India

hey buddy in which city ur planning to open..

Reply Like October 5 at 5:05pm

Abhishek Bhardwaj Works at Semens

Akash Bhojwani :: Really cool....thanks:)

Reply Like November 27 at 11:44pm

Pardeep Boparai

It's unfortunate that setting up and running a business in India is so inefficient. In the most recentEase of Doing Business Report 2010 by World Bank, India ranked #135 amongst 183 worldeconomies for ease of doing business. In a survey carried out by the Political and Economic RiskConsultancy (PERC) in June 2010, India was found to have the most inefficient bureaucracy in theregion. Interestingly not a western country but another As ian country, Singapore, was ranked #1 foreasy of doing business in the world as well as for having the most efficient bureaucracy in Asia (seehttp://tiny.cc/0cnyi). I hope that Indian bureaucratic system evolves for better soon to enableenrepreneurs to realise them dreams without hassles.

Reply Like Follow Post August 7 at 5:32pm3

Mayu Rathan Thevar Works at Canaz Group

what u said is exactly right..

Reply Like September 22 at 11:44am

Priyanka Hongal

No wonder soooo many illegal businesses thrive in India. Look at the number of formalities and theamount they cost!

Reply Like Follow Post July 16 at 5:04pm

View 1 more

4


Yup..Priyanka...

Reply Like September 14 at 9:45pm1

Mart Elizalde Works at DHC-AGUAKAN

This happens all around the world, I am from Mexico and it's not less pretty haha :P

Reply Like October 5 at 4:13am


Mart Elizalde i agree

Reply Like October 5 at 5:04pm

Arvind Lokhande Coventry University


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{ 199 comments read them below or add one }

July 1, 2009 at 3:00 pm

You need to add the under the table price also.You can not get it done any ofthe above documentswithout the kickbackShame on Indian netas

Reply

2Arun Prabhudesai July 1, 2009 at 7:26 pm

You are right Johncorruption has been such worst thing in INdiaabsolutelynothing happens without it. You may want to see a post on INdian Bribery andcorruption posted just couple of days back..

Reply

3Vinesh Jeyaraj July 24, 2011 at 11:43 am

More than the netas, it is the bureaucracy that is to be blamed.there is littleto nil corruption in ministry of corporate affairs for things like companyformation.

Vinesh JeyarajDirectorVinning Corporate Services Pvt. Ltd.

Reply

4 Sathish Kumar July 1, 2009 at 5:03 pm

This article is really useful. Im planning to start a business. But i dont have anyidea which business to start. But this article helps.

Reply

5 vivek kumar February 19, 2011 at 10:41 am

Sathish hv you got the plan, which business to start? I hv the best ideas butunfortunatly not enough money to get rid over the planso searching a bestpartner . if youll intrested i ll available

Reply

6 Jagan April 9, 2011 at 10:14 am


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Vivek,I can bring in the support based on idea and its prospects. I am intrestedin starting some business, if you have few ideas, we can examinetogether.Thanks

Reply

7 vivek May 25, 2011 at 9:48 am

jagan, u can contact to me on facebook or [email protected]

8 Deepak Singh May 9, 2011 at 8:42 am

hi do u wanna partner to start business

Reply

9 Sachin B Gunjal September 6, 2011 at 1:03 pm

hi vivek , im sachin from mumbai i do hav a good running business .butnow i want to start a new 1 , so can u suggest me any idea about it . orelse if just give a missed call from ur no i will definately call u .09422493107

Reply

10wilson March 27, 2011 at 5:25 am

we have a biz planidea behind is pool the money from different ppl and trade in one accountlegally. if you are interested let me know

Reply

11 Rajesh Khajuria June 20, 2011 at 3:26 pm

Hi wilson,If you really think your idea is bug free and have potential to survive inthe India market, then please contact me on my gmail [email protected]

Reply


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Abhilash Kushwaha July 2, 2009 at 8:47 am

Thanks Arun. This is very useful information. Deepak Shenoy had also written apost about starting a company couple of years back. Maybe your readers would beinterested in that link too

Reply

13Abhilash Kushwaha July 2, 2009 at 8:47 am

The link did not come http://tropicalmanager.blogspot.com/2007/06/starting-company-in-india-regulatory.html

Reply

14Arun Prabhudesai July 2, 2009 at 9:58 am

Abhilash, Thanks for the link, that was quite informative

Reply

15Madhav Shivpuri July 2, 2009 at 12:30 pm

Excellent info. Thanks a ton.

Reply

16rabi gupta July 2, 2009 at 9:51 pm

really Informative!

Reply

17 Chetan Pungaliya July 4, 2009 at 12:45 pm

Very useful Arun. Good job.

Reply

18 Sriram Chadalavada July 4, 2009 at 8:02 pm

Thanks for the great post. Very useful and more importantly transparentinformation.


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Reply

Sriram Chadalavada July 5, 2009 at 10:19 pm

Thanks for the very informative article. This information collated from numeroussources is well organized and more importantly transparent. Just wanted to bringto the attention of everyone of a new proposal in the 2009 budget.

http://start-business-india.blogspot.com/2007/11/india-one-person-company-proposal.html

Reply

20 Deepthi Binoy July 8, 2009 at 5:26 pm

great post.

in this connection http://www.companiesinn.com is an interesting site to refer

Reply

21Shailesh Shetty July 9, 2009 at 5:51 pm

Very comprehensive indeed ! Of course I wish it were more simpler ! :)

Reply

22 Yogesh Sharma July 14, 2009 at 1:03 pm

Excellent post, Arun. Very informative indeed.

I wish India in future comes up as an even more attractive destination to do (or tostart) business getting rid of this much red tape.

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23 ANU August 3, 2009 at 7:28 pm

Thanq for above information.This is useful for newly started business persons

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24Business Directory YPages August 7, 2009 at 12:14 pm

Dear Arun,


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This is a very helpful article. We will very much like to publish it on our businessdirectory http://www.ypages.in with your permission of course. It will be ofimmense benefit to our visitors and we will be happy to accord a credit line toyou.

Look forward to your permission regarding the same.Thanks and regards,Sumit

Reply

25Arun Prabhudesai August 10, 2009 at 12:03 pm

Hi, Go ahead, You can reproduce the article, but give complete credit line,Also, I would prefer that you reproduce it partially and link it to originalarticle here

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26 Amit Pal August 29, 2009 at 1:59 am

Dear Arun,

Thaks for doing this extraordinary job.Information given below is very useful fornew guy who dont know how to start new bussiness.I got big knowdleg from thisartical.Thanks ones again.

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27 Pratik jain September 9, 2009 at 4:26 pm

Sir i want to start an educational institute in rajasthan. I want to know aboutprocedure and total capital to invest in the project. also o want project report

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28Pixelaim September 20, 2009 at 5:44 am

helloI am a web designer i want start a web designing company in cochin. how i registertrade mark in cochin?

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29 manoj kumar sharma September 29, 2009 at 8:31 pm

hello,


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i want to start a new small scall business . if any idea please share with me.

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Pranit Pawar October 8, 2009 at 2:55 pm

Dear Arun,

I want to start a ayrvedic hospital in nashik(maharashtra). it will have all theayurvedic procedures including panchakarma(like balaji Tambes in Lonavala)I request to kindly focus some light on legal requirements to start and manageanything like this.As per my plan, i will expand this as a chain of such centers in various cities.

Waiting for your reply.

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31y. Enoch November 2, 2009 at 12:23 pm

siri want to start a scrap bussiness in local in visakhapatnam(andhra pradesh) whatare the differnet license should be obained to start a scrap business and howcould i get tell me brieflfy and totalcost of the process and send it to my emiladress.waiting for u replt

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32Best in Dwarka November 21, 2009 at 5:46 pm

I am doing a research on part time business oppurtunities in India. Please do letme know if you have some good sources of Information.

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33 Salah April 5, 2010 at 12:22 am

Excellent info. Appreciate your thoughtfulness.

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34 Salah April 5, 2010 at 12:28 am

Dear Arun,On second thoughts, I would invite you to add city specific info as well for othercities like Bengaluru, Ahmedabad, Hyderabad, Chennai, Pune.


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A lot of people are interested to setting up businesses in India and linking it up toexisting companies abroad.

Thanks again for being so very thoughtful, With Regards and Best wishes.

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35 Vinaykumar April 7, 2010 at 7:39 pm

Hello Sir,I am from Andhra Pradesh. I want to start a new company. Related to Polymors orPrinted Circuit Board manufacturing. Can you please suggest the procedure fromstarting to ending. i.e how to start a company and what the profiles should submitand where to submit. Please reply me soon. Thanking you

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36 Girish Mude April 17, 2010 at 10:47 am

Thank you very much for such valuable information. Hope these details procedurewould be helpful to start new business.

Thank You Once again !!

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37 ajay April 29, 2010 at 10:16 am

Thank you so much for the information. I was searching for last one hr for thisinfo and bingo, now I know everything in a min.One request- wuld you please provide info on registration of different types ofcompanies in india. for e.g. LLC, partnership or hedge fund type entities.

thanks,

ajay

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38 Pradeep Kadam May 8, 2010 at 4:31 pm

excellent information..we wanna open company in Pune.any good agentsplease?

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39 Shehla Qayyum May 9, 2010 at 9:43 am


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Hello Arun,

You have posted some very valuable information regarding doing business inIndia.

I am Canadian citizen (born in India) and am interested in doing business in India.I do not have any Indian papers (left India when I was a child) and am wondering ifI can incorporate a business in India with having Canadian IDs and address. Also,

do I need a special permit for food business (cafe)?

Look forward to your reply.

Thanks and regards,

Shehla

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40 Ahmed May 21, 2010 at 5:12 pm

If your are interesting in pune city for food business i am realy help you

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41 abhijeet June 4, 2010 at 6:27 pm

hi ahmed,how about i want to start my business in mumbai, can u guide with theinvestors in food business , and licences and permit required to open

such thing

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42 Mani July 13, 2010 at 12:11 am

How about you guys help me to setup food business in coimbatore.Can you guide me to the place where can I get the completeinformation. Thanks.

43 CA. Bhavesh Savla May 14, 2010 at 4:05 pm

We introduce ourselves as Mumbai based professionals who specialize in BusinessSet-up; formation of Companies, firms , Limited Liability Partnerships etc. Weoperate in most Indian states. We have extensive experience in this field andwould gladly assist anyone interested in setting up a Company in India.

Contact [email protected] for a free brochure on Company Formation.

Best regards


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Bhavesh Savla.

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Dhanasekar May 14, 2010 at 10:24 pm

Its really informative for those who are willing to initiate a startup. And you have

presented it very clean and crisp.

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45Vikram June 7, 2010 at 5:10 am

Great resource, btw, also check out eLagaans Startup Resource and KB for somecool india related information

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46 arun June 26, 2010 at 3:44 pm

I am planning to start a construction company in chennai. Can you brief theprocedure for it.

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47ashok June 27, 2010 at 9:19 am

wonderful indepth guide,, thank you very much,, you saved my life,,

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48 Mo July 5, 2010 at 9:53 pm

I am a British citizen can I start business in India, what do i need to provide?

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49 Bhavesh Savla July 16, 2010 at 1:34 am

Mo,Can you give more details about the business to be started in India [email protected]

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Shailesh September 10, 2011 at 1:37 pm

Hi MO,its very good that u have to start a bussiness in India.as u know Telecom is a field of Success and growth in this Period.if u want to establish a company in telecom , please contact me.as i have my company in india a very small scale. but want to expand mycomapny in internatinal market.i have all setup plan about project and minimum investment projects .please call me at +91 9004099684 or [email protected]

Reply

51 HAFIL AHAMMED August 13, 2010 at 1:50 pm

its very helpful for guys like us who want to start a buisiness of their own withouttelling anything to their parents. Am an M.B.A student

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52Pramod Kumar August 14, 2010 at 11:59 am

Hi,I am Pramod compleated MBA (HR) wanted to start a bussiness but, not decidedwhat to do. If you have any good business please suggest me.I m waiting for reply.

Thanking You,

Pramod Kumar.9470372367

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53 sunny sanghavi January 31, 2011 at 3:18 pm

i was also looking for the buisness . im from surat. i want to start diomandbuisness in surat. suggest your view & idea .

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54 Harshul August 14, 2010 at 12:32 pm

Hi Arun, I must say you did excellent job. We are about to start a venture soon andI dont follow all law jargons sited on either Government help pages or someprivate websites. You made this cumbersome procedure Easy to follow and put itdown for everyone to understand how simple it is. Step by step instructions withHow to perform/execute respective mandatory actions are in simple languagebut complete with all respect. Thanks so much. Keep writing. :-) Harshul


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Arun Prabhudesai August 14, 2010 at 12:55 pm

I am glad Harshul that you found it usefulThis is precisely the reason whywe publish such reference article which make life easier for the readers !

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56 mezh August 25, 2010 at 9:54 pm

hi, guide me how to start a jewellary making buisness and I wanna register it as anngo also .plz help me because I have to start it soon

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57John Gray September 3, 2010 at 9:20 am

Hi Arun,Thank you, for our conversation, we are in the process of finding someone to helpset up a sewing business in Delhi. Your assistance would be greatly appreciated.Thank you again,John Gray 830 589 7505

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58Neha Graphic Eye India September 7, 2010 at 10:23 am

Thanks Arun !!!This is such a useful information for everyone who want to start the business inIndia , Thanks for sharing !!!!

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59 Hemant Kr Singh September 15, 2010 at 10:12 pm

Thanks Arun, for the basic & most important information to be followed to start upa new business in India.

I always have a keen interest to start up my own business with a small sizeinitially but afraid of taking a step ahead. I have a Retail business in mind butseeking a start with minimal cost involved in it.

Kindly give some of your valuable thoughts into this situation or mail me yourideas. I would highly appreciate.


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Thanks in advance..:)9718101001

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60 kailash kshirsagar September 21, 2010 at 10:57 am

Hi Arun,

Thank you very much its a very useful information.

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61 dr rajan September 23, 2010 at 5:38 pm

hello sir , dr rajan gupta punjab, wanna to open health retail chain in india withmotto no one should die without medicineand doctor i know how to reduce the

cost of medical treatment and how to start in smll way to big way ,as like apolloand fortis , in these hospital some unethical practices also going ,i worked in fortisalso.can we start with international companies in inda , i had plans to share withright person ,have a good day , dr rajan gupta .punjab ,09419637997

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62 jagmohan sodhani October 20, 2010 at 4:47 pm

Hi arun

Information you gave is useful. it would be more useful, if sector wise licenserequirement is also updated. any way, thanks a lot.

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63 vimalkumar October 22, 2010 at 11:23 am

Hi all,Im going to start 1MW biomass power plant in tamilnadu, india. The turnover ofthis business in excellent. If any one willing to start with the same. pls feel free to

call me at any time. [email protected] & Mob: 0091-9600507020. Ill provideall my project details with the cash floww analysis.Regards,Vimal

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64rajani kanta mishra December 2, 2010 at 8:31 pm

i have land. can arrange finanance. provide me all details, let me see if it


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could help me to strart it in orissa.

with love

rajnikant misrha

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65 sambhav October 22, 2010 at 8:42 pm

Really a very good and useful article. Check out thishttp://moneymakingthought.blogspot.com/2010/10/10-initiatives-to-make-money.html

Reply

66 syed iftekhar November 7, 2010 at 6:24 pm

Hi,Anyone can help me start a business in MUMBAI.Looking for decent business with minimum investment ( around 2 lacks) .

Regards,Syed

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67Akil March 3, 2011 at 4:08 pm

Dear IftekharSalaamI have read your text and have good intentions to help/set up a business asper your objective. Yes! You can start a decent small interesting business inMumbai or even Pune. The business with a capital of 2 lakhs could be surelypossible a perfume business which will generate good capital revenue in shorttime.I have a 18 years perfume background from middle east and have a very goodconcept in hand to explore only with good people who are agressive inbusiness and looking for a bright future and grow with the growing business.You can look at returns of 2 lakhs to 3lakhs in 3months time by all means.

If you are interested in a small business in perfumery glamerous industry,Please get in touch with me. (2) the other option is to ba a franchise of myfast food joint name as Hotspot we are making and selling Pizza, Veg andNon veg Burgers, Hotdogs, french fries and fried chickenMy email id is [email protected] and my contact no is:9096678825Sayyed Akil9096678825

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68 Nayeem November 9, 2011 at 10:56 am

Hey.

Your number is not validthe same number is available in your websiteshoppinglanelet me know if you have a new number.

FAOI am from Hyderabad and looking for a business oppportunity withlimited capital (1-2 lacs)Let me know if there are any opportunities(ideas) that one can look at in this marketfood business is definitely anoption if you can manage peoplelet me know if any one is interested.

ThxNayeem8885559181, [email protected]

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69 Prithvi PaTeL. November 16, 2010 at 6:24 pm

Hey..Mr. ArunThank U Very muchUve done a great job 4 us

Dis info is very important 2 mei was looking 4 it..& Pls keep us updated through ur posts.

Reply

70patil Bhausaheb November 27, 2010 at 7:20 pm

I AM Indian my offics in mumbi city indiaI Inforation all business and goverment offices ,gov rules schemes

mail- [email protected]

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71 parag December 3, 2010 at 11:10 am

grt post arun thanks for such a important information.i really appreciate if u write about online business norm in india.Regardsparag

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CA. Bhavesh Savla December 3, 2010 at 12:21 pm

Dear Parag,

What is it that u wish to know about online business in India?

CA. Bhavesh Savla

[email protected]

Reply

73vijay thakkar December 22, 2010 at 1:07 pm

very useful info. you should keep helping people like this to get free sms ofcricket just send join cricketing on 9870807070. thanks dear,,,

Reply

74 Bhavin Tandel December 29, 2010 at 2:40 am

Dear Sir,Please put more light on procedure 4 . I am was not able to understand it clearly.Thanks in advance.BTW you did a very helpful job. Thanks again..Peace!

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75 Gopal December 29, 2010 at 6:31 pm

Hi,I am based in Bangalore. I am an upcoming enterpreneur.I am in the process of launching my E-commerce website shortly.I have done the necessary domain registration as well.However I would like to register it (in government records)as a business so as toadhere to all the rules concerning E-commerce sites as per Indian rules so that thefinancial transactions on the site are as finance rules..

Does your firm provide service in this regard.

Since this is a startup, I would be running it myself in the beginning. Hence I call ita business and not a company.

So do give me details.

GopalBangalore 35

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sandeep January 4, 2011 at 8:35 pm

Hi Gopal,I am also interested in starting up an e-commerce site. Would be glad to shareany information i have. Did you get any details btw?regards,Sandeep

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77 Gopal January 5, 2011 at 12:39 pm

Hi Sandeep.I was unable to get any information on the net about the E-commerceRegistration.Every website details different regisration rules for the same type ofstartups.

The closest I come to is getting Certificate of Incorporation from theRegistrar of Companies. But I believe it is a costly affair and certainly notinteneded for startups with bare minimum funds.Perhaps someone can guide further.However as I have done website domain registration for my website andknow a little about web design I can be of help to you if required.Gopal.([email protected])

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78Anand December 31, 2010 at 12:47 pm

I have the same question as Gopal above. Is the procedure for starting an onlineretail store the same as mentioned above?

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79 chals February 7, 2011 at 11:28 am

your amazing unloader, hats off

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80 Nishant February 8, 2011 at 1:13 pm

hey I am from mumbai I am looking to start steel buisness .so can u help meregarding it .about the pre-investment stage i.e. from the foundation .i u canapproach me then contact on [email protected]


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Nishant February 8, 2011 at 1:13 pm

hey I am from mumbai I am looking to start steel buisness .so can u help meregarding it .about the pre-investment stage i.e. from the foundation .i u canapproach me then contact on [email protected]

Reply

82 Amit Rupnawar February 14, 2011 at 1:23 pm

Thank you Dear Sir for Giving Better information to all of us

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83 Sachin Sangare February 16, 2011 at 9:34 am

Hello ,I am a consultant in the field of various Acts for the benefit of the employees in anorganization.(Provident Fund, Retirement,Pension,Maternity,Taxes,SuperAnnuation,etc).. anyone requires help can reach me

Reply

84Hyder February 18, 2011 at 11:35 pm

: company registration services in india, company formation services in india,company incorporation services in india, business set up india, businessregistration consultants in india.

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85Adam K March 10, 2011 at 6:26 am

I have a design company in the USA, I am considering to open an office in India

because I have customers from all over the world who need design work done andI cant handle making this company too big from here with raising cost of USpayroll, but I will need to understand how everything works, how much money tostart total, how much employees get paid, office space costs, tax percentage, andall details.

Feel free to email me: info [at] websitedesignbyadam.com if you have any detailsor would like to help.

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rakul April 4, 2011 at 6:55 am

Hi adam,did you get a reply for this comment ?i am in almost the same situation as yours .regardsrakul

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87 Vimal Sharma March 15, 2011 at 12:44 pm

Hi,Currently, I am providing a management consultancy service under the structureof LLP. However, starting next month, I plan to open my retail shop ( a small one)which will carry clothes and fashion items.

Name of my LLP: AceStar Management Consulting LLP.Name of my shop: UniqueCreation

Is it possible to have a company named AceStar Management Consulting LLP andhave the shop name UniqueCreations?

Appreciate your response.

[email protected]

Reply

88 Sanjay April 4, 2011 at 2:46 pm

At present i am in UAE, i am in art and craft, hobby, toys for kids, office andschool stationery business. Want to return to pune and start my own business inmumbai or pune, any body having local experience and want to join hands, plsmail me.

Thanks.

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89CA. Bhavesh Savla April 4, 2011 at 4:31 pm

Sanjay,Just ensure that you check out the Residency status before starting a business asretail trade is not allowed for the Non-residents.

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gautam April 19, 2011 at 11:46 am

i want to start small scale company of instrumentation and electrical services. nowwhat to do? and how can i start?please give me suggestion.

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91Bhavesh Savla April 19, 2011 at 2:52 pm

@Gautaum

You can start with first understanding the capital requirements for the first fewyears and making arrangements for the same.Then you can go for the registrationprocess. If you want to go for a proper incorporation process, then dont go for aprivate limited company. But you can go for a Limited Liability Partnership (LLP)Firm which is best situated for a start up and small and medium businesses

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92 abhishek sahu May 2, 2011 at 8:43 am

sir,i would like to start a small software ferm,please guide me,as i am new and havevery minimum budget to invest.

thanking you

abhishek sahu

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93 Om Prakash Rana May 6, 2011 at 2:51 pm

Dear Sir,

My Name Om Prakash Rana, and I would like to start a small bpo company in Loni,Gzb, U.P, Pls help me.

Thanks & Regards,

Om Prakash Rana

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94Bhavesh May 6, 2011 at 4:18 pm

@Gautam and @Om Prakash,


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Kindly prepare some financials modelling which will estimate the capital requiredfor the same. and then , if you want to incorporate, decide if you want a privatelimited company or a Limited Liability Partnership (LLP). Then move ahead.

CA. Bhavesh [email protected]

Reply

95 trupti May 24, 2011 at 9:52 am

Can anyone gve all procedure to start new small office for relocation business inblore?We want to start/ open new office/business for relocation in blore. please givestep by step procedure.Pari

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96 sufyaan May 24, 2011 at 6:16 pm

Hi, I am a British citizen looking to enter the it industry in India. What do I needwith regards to passport/permit documents, what would be the best way to goabout it?

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97Vinesh May 25, 2011 at 9:55 am

Dear Sufyaan

Kindly contact us at [email protected]. We can guide you accordingly.For a free brochure on Company Formation, please refer our DownloadsSections at http://www.vinning.co.in

VineshDirectorVinning Corporate Services Pvt Ltd.

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98 Ajay May 25, 2011 at 12:42 pm

Hi i m looking to start business of my own trademarked productsmarketing/selling.which.manufactured by other company.. what will be theprocedure to start this business pl send me detailed business

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Kuldeep May 28, 2011 at 8:00 am

These informations inspires me to start a business. I m thinking to start abusiness of mobile phones through tele-calling. If anybody have info about thatplease help me,

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100 vara May 30, 2011 at 8:44 pm

TO, Arun Prabhudesai,

According to me you are doing great job by parting your knowledge to freshersand finders. It is very valuable information that you are sharing on internet viatrak.in, this is very handy, informative & useful to your viewers. good luck!

Beat Regards,

Vara

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101Fateh Ahamed Ahamed June 18, 2011 at 12:43 pm

me planning to start a new background verification company asscoiated withaccenture client & I.B.M.

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102Isha Ambani June 18, 2011 at 1:04 pm

Nice fateh i reall ohohohoh my frnd is starting his own company with TopMnc clients ,,,,,.

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103King Khursheed June 25, 2011 at 6:08 pm

thanks..

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104King Khursheed June 25, 2011 at 6:08 pm

thanks..

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Ashish Saluja June 30, 2011 at 9:15 pm

thnks..

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106anoop jain July 2, 2011 at 3:14 pm

Company Formation is a voluntary association of persons formed for the purposeof doing business having a distinct name and limited liability. It is a juristicperson having a separate legal entity distinct from the members who constitute it,capable of rights and duties of its own and endowed with the potential ofperpetual succession. The Companies Act, 1956, states that company includescompany formed and registered under the Act or an existing company i.e. acompany formed or registered under any of the previous company laws.However,company is not a citizen so as to claim fundamental rights granted to citizens.

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107Aryan Pratap July 8, 2011 at 2:07 pm

good..

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108Akash Bhojwani July 9, 2011 at 6:54 am

I am planning to start a new gadget storea big showroom and a one stop shop forall the gadgets n gizmos

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109Akash Bhojwani September 17, 2011 at 9:05 am

thanks guyz fr d like :D .yu can add me up on fb anytime if u need anyassistance for ur gadgetsz or anythng for free :D

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110Ahmed Husain October 5, 2011 at 10:35 am

hey buddy in which city ur planning to open..

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111Abhishek Bhardwaj November 27, 2011 at 6:14 pm

Akash Bhojwani :: Really cool.thanks:)

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112Akash Bhojwani November 27, 2011 at 6:25 pm

Abhishek Bhardwaj nt a problem buddy

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113Rama Priya July 10, 2011 at 5:34 am

Thanks to the author very informative and useful it is

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114 Anonymous July 11, 2011 at 8:07 am

Thank You, Arun Prabhudesai, this article has GOOD INFORMATION, which wouldbe useful :-)

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115Ankit Khanna July 13, 2011 at 9:03 am

I am planning 2 start my own businessbut I don't know how 2 start my businesson a small levelplease suggest me that how could I start this.my contactnmber is 9592724703 and 9988640645.

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116Salil Bhanot July 13, 2011 at 9:05 am

wch typpe of business u wantd 2 start!

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export import ka

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118Salil Bhanot July 13, 2011 at 9:10 am

great. So invest kitna kar sakta hai? Main tujhe bhut achi ferm k saathmeeting karwa deta hu Sub?kuch smjha denge Aur dey will help also.. Ndif u want a partner? Dan i can also help u.. Mujhe partner bnalo..

Reply


mere nmber par msg kr de i will talk with u

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120Sravan Kumar August 10, 2011 at 3:43 pm

hi this is sravan i am planing to start a business i can invest around 10 lackscan you please suggest me what type of business i can start i am from andhrapradesh. please tell me in english i cont understand hindi well. i am notregular visitor of this site you can mail me to [email protected] a lot in advancesravan

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121Sachin Gunjal September 6, 2011 at 8:15 am

hi Mr Bhanot can u help to start a new business any idea or suggestions.

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122Sachin Gunjal September 6, 2011 at 8:16 am

if u do hav any ideas plz give me a missed call on 09422493107 i will surelycalll u .

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123Karan Chaudhary September 10, 2011 at 6:03 am

Salil Bhanot hi..salilcan u tell me that how can is possible to start own ITcompany in a easy way.i have b-techs partner and MBAian and technicalsupport alsocan tell me how to start an IT company. we just recentlycomplete our b-tech and wanna to start our on company. company wouldinclude all computer related field and care taking also of the clients deal on


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annual bases same like other company do in HCL,ibm,wiprowe would like tohave a contract deal with other company with us.

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124Karan Chaudhary September 10, 2011 at 6:05 am

ur view would help me to start a company but i don't from where to start cozthere is so much formalities in minitry of cooperate affairs to start acompany. if there is any contact ..then it will be more good to talk to u on call

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125Dipesh Bhardwaj July 16, 2011 at 6:18 am

I am planning to start a workshop organizing company on hacking and opensource, the main problem is of the value of certification, how can I increase its

value.

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126 Priyanka Hongal July 16, 2011 at 10:34 am

No wonder soooo many illegal businesses thrive in India. Look at the number offormalities and the amount they cost!

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127Ahmed Husain September 14, 2011 at 3:15 pm

Yup..Priyanka

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128Mart Elizalde October 4, 2011 at 9:43 pm

This happens all around the world, I am from Mexico and it's not less prettyhaha :P

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129Ahmed Husain October 5, 2011 at 10:34 am

Mart Elizalde i agree

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130Bala Ji December 15, 2011 at 12:50 pm

off course babe u can expect india to improve all over ranking when it'spopulation 100% educated or else exploitation continue ..

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131Arvind Lokhande July 16, 2011 at 11:18 am

very vital for enterpreneurs.

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132Naveen Jaissal July 16, 2011 at 11:28 am

keep it up.

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133Arvind Lokhande July 16, 2011 at 11:39 am

tum bhi to saath do bhai

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134Chart Guru July 20, 2011 at 12:23 pm

thank for information.

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135J.Rosario Fernando July 20, 2011 at 8:51 pm

Thanks for the info very informative

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136Bhargav Iisc July 24, 2011 at 4:13 am

Dear Arun Prabhudesai,

Thanks alot! for the information

-Bhargav G


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CA. Bhavesh Savla July 24, 2011 at 10:58 am

The article is informative and Arun deserves all praise for it. but there have been afew changes since the article was written. Now DIN is obtained online and does nottake more than an hour. Similarly DSC files can be obtained within a few hours.

The final incorporation forms are also generally approved within 1-2 days ifeverything is in order. Also note that now no longer stamping of memorandum andarticle is required. Stamp duty is payable online along with the submission offorms.

CA. Bhavesh [email protected]

Reply

138 Anonymous July 24, 2011 at 6:01 am

The article is informative and Arun deserves all praise for it. but there have been afew changes since the article was written. Now DIN is obtained online and does nottake more than an hour. Similarly DSC files can be obtained within a few hours.The final incorporation forms are also generally approved within 1-2 days ifeverything is in order. Also note that now no longer stamping of memorandum andarticle is required. Stamp duty is payable online along with the submission offorms.

CA. Bhavesh Savla

[email protected]

Reply

139Shruti Soni July 29, 2011 at 7:49 am

"IIT Guwahati Techniche. the annual techno-management fest:The deadlines for Events of Management Module in Techniche'11 have beenextended. The new deadlines are.

1. Product Launch 5th Aug.2. BrainChild (B-Plan Event with Rs. 50 Lakh incubation) 5th Aug.3. Stratagem -10th Aug.4. Blue Chips 20th Aug, and can be registered on the spot.5. VSM The online stock market Simulation, can be played right now.

For more information, visit the website.

http://www.techniche.org/techn iche11/competitions/management.html

Or the Module Managers :


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Shruti [email protected]

****************************** ***Total Prize money for the 5 events : Rs. 5 LakhsIncubation Amount for B-Plan : Rs. 50 Lakhs****************************** ***

Also do not forget to check out the mind blowing Lecture Series at Techniche."http://www.techniche.org/thttp://www.techniche.org

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140 Naba Kumar Mishra July 30, 2011 at 8:00 pm

Useful information. Thanx..

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141 Naba Kumar Mishra July 30, 2011 at 8:13 pm

What is the best type of business one can start without big investment ?

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142Pardeep Boparai August 7, 2011 at 11:02 am

It's unfortunate that setting up and running a business in India is so inefficient. Inthe most recent Ease of Doing Business Report 2010 by World Bank, India ranked#135 amongst 183 world economies for ease of doing business. In a survey carriedout by the Political and Economic Risk Consultancy (PERC) in June 2010, India wasfound to have the most inefficient bureaucracy in the region. Interestingly not awestern country but another Asian country, Singapore, was ranked #1 for easy ofdoing business in the world as well as for having the most efficient bureaucracy inAsia (see http://tiny.cc/0cnyi). I hope that Indian bureaucratic system evolves forbetter soon to enable enrepreneurs to realise them dreams without hassles.

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143Mayu Rathan Thevar September 22, 2011 at 5:14 am

what u said is exactly right..

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144 Sujith S Unnithan August 15, 2011 at 9:15 am


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Hai iam planing to start a brick making factory.Is this steps are enough for that.

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145Raj Garg August 25, 2011 at 6:45 am

I M PLANNING TO START AN FLOWER EXPORT BUSINESS IN INDIA.9654550267.

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146 satpal September 1, 2011 at 2:09 pm

I want to start a construction company in chandigarh. So please tell me what is theprocedure to start a construction company. Please email me [email protected] call me at 7696815604

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147 Sadanand September 5, 2011 at 11:22 am

I want to start up an Employment consultancy in Bangalore. Kindly guide me.

Thank you.

Sadanand

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148 Pushpendra Puwar September 5, 2011 at 11:23 pm

Currently we are in planning to start our own food snack products in india, as weare not starting with manufacturing initially we going by job work under our brandname and later manufacturing. How do i start legal process for this and what ihave to do can please quide me.

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149 Abtin September 6, 2011 at 4:08 am

Hi, I am a foreigner and Im going to start a web developing company in india. Asyou know such a bussiness can start with a small office. No need of a biginvestment.

Would you please tell me,1- Am I eligibled to start such a bussiness in India?


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2- How much would be the apprx cost for registering and fees structue?3- Is it a MUST to get only INDIAN employee, Or Im free to invite everyone of myown?4- Is company authorized to send Invitation for Bussiness-Visa or Work-Visa fornon-indian?

I would appreciate your anwerss in advance.

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150CA. Bhavesh Savla September 6, 2011 at 9:45 am

Dear Abtin,

1. Investments in India by foreigners are classified as Foreign Direct Investment(FDI). Permission for FDI depends on the business activity as well as thenationality of the investor. Prima Facie, your activity being web developing, noprior permission may be required. However post investment intimation must go to

the Reserve Bank of India.2. Costs would depend on the amount of Capital that you plan to bring in and thestate/city where you want to establish the business.

3. You should employ based on your cost benefit advantages. However certainstate do require you to employ local employees if you desire certain benefits.

4. I feel it is yes, but you need to consult a visa/immigration specialist in thisregards.

I do hope that the above answers were to your satisfaction.

CA. Bhavesh SavlaChartered AccountantsEmail: [email protected]

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151FormMyFirm September 7, 2011 at 9:37 am

Dear Sadanand,

You can start your employment consultancy in the form of a LLP/Pvt Ltd company.To assess which suits your needs better, do read https://www.facebook.com/notes/formmyfirm/what-form-of-company-is-right-for-my-purposes/148606345225975

We can help you with incorporation of LLP/Pvt Ltd once you decide on the form. Incase, you need any clarification, do mail us at [email protected] orcall +91.998.717.0002

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FormMyFirm September 7, 2011 at 9:57 am

Dear Pushpendra,

A Private Limited Company will be the right construct for you. You need to ensurethat the objects in your MOA/AOA are broad enough to allow consultancy,manufacturing and anything else you would like to do.

In case you wish to get this off the ground or if you need any clarification, you canmail us at [email protected] or call at 9987170002.

Regards,Jacinta/FormMyFirm

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153 Allan September 9, 2011 at 9:21 am

Hi,I am from Chennai, and have completed MBA (HR), and thinking to start a newbusiness(small) with around 2lakhs investment, but dont have the idea of what tostart.Please help me.

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154Vivek Kumar September 9, 2011 at 7:58 pm

In that much of investment you can think about online business, like b2b orsearch engine marketing or search engine optimization or some extra. Thebenefit of this is one you dont need to invest much and second it have veryrich growth too.

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155 gaurav September 9, 2011 at 11:39 pm

hi vivek ,

Can you please suggest some website or elaborate on the online businessopportunities. Thanks

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156CA, Bhavesh Savla September 19, 2011 at 12:06 am

@ Alan

Would advise you to work somewhere for some time to gain experience. only


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then start your own business

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vivek kumar September 10, 2011 at 8:30 am

There are many sites options are abailable, just goto to google and type keywords

like online business oppotunities, online business, step to step process for onlinebusiness, scope of b2b business etc.

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158Mohammad Haseeb September 10, 2011 at 4:03 pm

Pradeep, In western Country every day some company close down No potential

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159Sanjeev Chawla October 1, 2011 at 3:41 pm

ya..kayoki eur..main indiatarah chori nahi hai..

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160 Mohamed Adam September 16, 2011 at 11:55 pm

Hi I am looking to start business in India Import and Export. I am africa , Somaliabasically. What i want to know what is the best way to start business in india undermy doucments as NRI or Under local Indian person example my any of my friends.

My mail id [email protected]!

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161Himanshu Chaturvedi September 17, 2011 at 5:26 pm

great

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162 jai September 19, 2011 at 1:04 am

I want to start a business and looking for a partner.anybody wanna be partnercan give me call @08802890353


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163vivek kumar September 19, 2011 at 10:12 am

What type of business you want to start and, from where do you want apartner and what are the requirements for this.

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164Kanika Singh September 19, 2011 at 9:06 am

tanxx m planning to start my dream.. it will help me alot.

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165 ganesh September 19, 2011 at 2:23 pm

hi sir i am ganesh and i want to do the buisseness in electronics field so can u tellm the procedure how to start buiseenees from the first step.

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166 anand September 22, 2011 at 9:46 pm

Sir.I am interesting start bushiness low investment. please suggest.

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167Rahul Parekh September 23, 2011 at 12:34 pm

planning to start joint venture very soon.

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168Sanjeev Chawla October 1, 2011 at 3:38 pm

luckyur indian..we both have same idea..startand go forward.

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169 abhijit October 13, 2011 at 11:34 am

@CA, Bhavesh Savla


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i want 2 know exact idea of LLP.kindly help me out my e.mail id [email protected]

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170 Vineet October 14, 2011 at 12:42 am

Hey Guys,I am a B.E(Electronics and Communication) graduate 2011 passout. I would like tojoin a start up company or may be involve myself into a start-up. If anybody isinvolved in these kind of stuffs, please inform me. Heres my [email protected] can assure you to put my 100% and work towards the goal of the Organisation.

Thanks

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171 Amit October 21, 2011 at 11:09 pm

i am b.tech graduate currently working for a MNC .i want to open a firm of mineso..anybody intersted ..feel free to mail me..

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172 shahrukh October 23, 2011 at 4:31 pm

sirthe idea of business with which i want to start is already well established inUSAdo i have to go through a legal documentation to start the same in india

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173 parul October 31, 2011 at 6:38 pm

hi,im parul bhadauria from allahabad,i wanna start my own business,i dont ve

money bt i ve ideas,anybody interested in starting a biz wid me cn call menytime.9453661006.or mail me [email protected]

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174Sandeep Waghmare November 1, 2011 at 7:58 am

I think the information, though procedurally correct, has many more thingsrequired. For eg., not all are required to have ESIC/PF registrations. Neither, it isadvisable to have a VAT TIN at the outset.


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It is another matter that you can choose to register voluntarily. However, theregistrations can be done at a certain stage even after the business starts. Wouldrequest Arun to clarify on those as well.

Good compilations, though! :)

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175 Robin November 3, 2011 at 3:33 pm

HiI am planning to start and Ice cream shop in bangalore. I want to know thelegal/statutory requirments. I understand that I need to do a VAT registration. Iwant to go the propritership model. what else do I need.?..do I need Professionaltax registration, Registration with Shop and Establishment, Trade licenceand howmuch would it cost?

Appreciate your help

ThanksRobin

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176 prashanth s m November 7, 2011 at 1:09 pm

selecting the good location matters a lot for ice cream business.

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177 prashanth s m November 7, 2011 at 1:19 pm

dear sirs,

i am presently pursuing my mca in christ universitybut i am passionate to startmy own business in the computers field.so plz plz guide me..

also guide me the scopes of IT field in which i can concentrate to start mybusiness

waiting for best reply..

prashanth

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178Pardeep Bassi November 9, 2011 at 8:17 am

Cn anybody suggest that I am interested to start ONLINE trading in india with asmall level.what would be the procedure.


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Tabish Mahmood November 10, 2011 at 11:35 pm

Hi All,

Thanks for valuable post,valuable and informative site for new beginner in

enterpreniure and bussiness sector,I completed my Engineering with compterscience and is working with IT major MNC but I wanted to setup bussiness withlow cost and low risk at an early stage,please suggest some IT based bussinessthat could help me get further.Waiting for your valuable inputs.

RegardsTabish

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180 Tabish Mahmood November 10, 2011 at 11:50 pm

Hi All,

Thanks for for your informative article and well organized procedure,I amengineering graduate in Computer Science wanted your input in setting upbussiness in IT.Please guide me how to go with,Im really new to it,please help mewith low cost and low risk way of getting into bussiness at early stage.

RegardsTabish

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181 Rakesh Jha November 11, 2011 at 9:37 am

Hi,I want to start a business with corporate agency (insurance) in Jharkhand. I alsowant to put some other products (like fmcg/cloths/paper/stationary etc)marketing in my business. Can I start it by a Trust/NGO(Ive my own trust)? Can utell me the procedure how to start this businees. I want to start it within 2-3

months. How can I find a partner for this business? Kindly guide me.My e-mail add [email protected] & cell no is- 09199944999/09386601600

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182 Joel November 13, 2011 at 9:12 pm

Dear friend,


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I would like to start a unique business in India. I am an Indian but staying abroad.How should I contact you for further details to start the business in India. Alsoshortage of money, I am looking a partner to start the business in all over India.How to get a partner to do this business. This business is tie up with Policecontrol rooms.Please help me.My email is [email protected]

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183Mukesh Mishra November 15, 2011 at 6:51 am

I am Planning to Start New Construction Line Bussiness.

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184 monica dhanraj November 17, 2011 at 4:02 am

hey..could you please tell me what are the compliances that a private limitedcompany requires and what all it needs to do to operate again after a permanentstay on its winding upthanks so much

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185CA. Bhavesh Savla November 17, 2011 at 12:44 pm

@ Monica,

The regular compliance is mainly in relation to Roc r

(starting business in india – simplified step-by-step process)

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