Start A Business & Licenses

“It is the most common form of business structure in India and ideal for Start-ups and new venture going for funding.

Foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and Shareholders of a Company with Foreign Direct Investment (FDI), therefore incorporating a private limited company is the preferred choice of entry to India for foreign promoters.

Registration of a Private Limited Company in India is governed by The Ministry of Corporate Affairs, and is regulated under the Companies Act, 2013. “

“One Person Company (OPC) is formed with a single entrepreneur who acts as both the director as well as shareholder and registered as corporate entity. If an OPC exceeds a turnover of over Rs. 2 crore or has a paid-up capital above Rs. 50 lakhs, it must be turned into a private or public limited company within six months.

Registration of a Private Limited Company in India is governed by The Ministry of Corporate Affairs, and is regulated under the Companies Act, 2013. “

“LLPs are preferred by Professional Services Firms, Micro and Small businesses that are family-owned or closely-held. LLP is one of the easiest types of business to incorporate and manage in India. LLPs are not capable of issuing equity shares, and therefore should not be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds. Regulation of LLP is governed by Limited Liability Partnership Act, 2008”

“Generally partnership form of business structure is ideal for small – medium sized business with minimum compliance requirement.

A Partnership Firm is constituted, managed and operated in accordance with the terms and conditions set out in Partnership Deed, that may or may not be registered.”

“It is an ideal choice for medium and large size businesses that raise capital from the public.

Registration of a Private Limited Company in India is governed by The Ministry of Corporate Affairs, and is regulated under the Companies Act, 2013. “

“It is for small traders and merchants that is owned managed and controlled by one person. Sole proprietorship is very easy to start with very minimal regulatory compliance requirement for operating. There is no such thing as registration of proprietorship. These are recognised by other registrations such as Shop & Establishment Registration, GST Registration, etc.”

“A foreign company or a Non resident planning to set up business operations in India can do in following manner: → Incorporate a company under the Companies Act, 2013, as a Joint Venture or a Wholly Owned Subsidiary. → Set up a Liaison Office / Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.

India is among the fastest growing economies in the world with plenty of business opportunities, and have access to best human resources in the world. 100% Foreign Direct Investment (FDI) is allowed in under the automatic route in most activities/sectors in India.”

NBFC Registration MSME | SSI Registration Trust & Societies

Any person or entity supplying goods or services in India above the aggregate turnover limit is mandatory required to obtain GST registration

All businesses engaged in any food activities (food manufacturing or processing or packaging or distributing entity) are compulsorily required to obtain FSSAI License under the Food Safety & Standards Act, 2006.

The type of License (Basic, state license, central license) is based on turnover, scale of business and the type of activity. It is 14 digit license number which must be printed on food packages

Professional Tax Registration is required by employers of all businesses, and professionals with salaried employees. The owner of a business is responsible to deduct professional tax from the salaries of his employees and pay the amount so collected to the appropriate government department. Filing is also required to be done regularly

Import Export Code (IEC Code) is required by all business engaged in trading of Goods in and out of India. Businesses can also avail the benefits under schemes like SEIS or MEIS

This is the basic license required by all business entities, including Sole proprietors, shops, commercial establishment, residential hotels to restaurants, theaters and other places of public amusement or entertainment. Every business has to seek approval from Department of Labour and keep up-to-date registers regarding details of employment, fines, deductions and advances, salary and holidays.

The requirements may vary from state to state. Files related to annual holidays and number of employees need to be submitted to the office of the Municipal Corporation annually

An ISO registration is important as it enhances the reputation of your service or product. There are different types of ISO certifications your business can apply for such as ISO 9001, ISO 14001, ISO 5001, etc

ESI registration is mandatory for any business employing more than 10 people which is subject to Employees’ State Insurance Act, 1948 (ESI Act). It aimed at providing social protection to workers in the organized sector and their dependents in any contingencies related to health due to an employment injury or occupational disease.

It is applicable to business employing 20 employees or more. Voluntary registrations available for lower strengths.

It is applicable to business employing 20 employees or more. Voluntary registrations available for lower strengths.

Trade License is a fundamental license which is very important for any business establishment before starting manufacturing, exchange or storage of any activity/commodity.