Proprietorship Registration

Overview

Proprietorship Firm has been different for a serviced based business and a product based business. so we divided business in 2 Category.

1. Service Based Business –.

2. Product Based Business –.

So Both Business you have to take following actions: -

a) Apply for the GST Registration.

b) Open a current bank account on the basis of GST Registration Certificate.

Registrations required as per other statute: -

    Registration under Shops and Establishment Act: This is state specific requirement, in some states it is mandatory and in some it is optional, for example in the Delhi NCT it is optional.

    Local Municipality Registration: This kinds of registration are mandated by some of the municipalities and applies to the firms operating in the territorial jurisdiction of the municipality.

    Import Export Code:This is also known as IEC, and is pre-requisite before the proprietorship ventures in to any import or export.

    Trade Mark Registration: Brand Name, Logo, Slogan, Label etc.; are intellectual properties which acquires value over a period of time and it is advisable to protect them under as trade mark.

    Provident Fund Registration: : The moment number of employees exceeds 20 the proprietor is required to get itself registered with the regional office of the Provident Funds Organization. The contribution rate is 12% each from employee as well as employer.

    Employee State Insurance Corporation (ESIC) Registration: : Every organization including the proprietorship concerns employing more than 10 employees having salary more than 15000/- is required to get themselves registered with the concerned Regional office of the ESIC, the contribution to the ESIC is 6.5% wherein 4.75% is contributed by the employer and 1.75% is to be contributed by the employee.

Benefits of a Proprietorship

  • A Private Company has no obligation to call the Statutory Meeting of the member.

Obligations of a Proprietorship

  • Complying with Statutory laws such as Excise Duty, Sales Tax, Service Tax, etc.

Why Choose Proprietorship Registration

  • The possibility to grow big and expand

Required Documents For GST Registration

  • Copy of Rental Agreement (along with NOC from owner)/Sale Deed in case of own property.
  • Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English
  • Affidavit from director and shareholders
  • Photographs of Proprietor
  • Email- id & Mobile number
  • Cancelled Cheque
  • Detail of Goods & service

Process

Due to Digitalization of registration process, it’s become easy to register the private limited company

Obtaining DSC & DIN

Due to online process at least one director need to have digital signature (Dsc) which is required to sign electronic document.

For obtaining DSC, self-attested copy of director's pan card & his address proof is required.

Obtaining DSC & DIN

Firstly You need to find your name has not been taken

Secondly, you need to comply with the MCA guidelines. You can do so by ensuring that the name has a unique component and a descriptive component.

Company Registration Form & MoA & AoA Submission

Copy of Rental Agreement (along with NOC from owner)/Sale Deed in case of own property

Telephone or Mobile Bill/Electricity or Gas Bill Scanned copy of Notarized Rental Agreement in English

Affidavit from director and shareholders

Copy of PAN card, Identity and Address Proof for DIN for up to 3 directors

Company Incorporation Certificate

Once all the documents are approved by MCA , it will issue a incorpation certificate.

Apply for PAN & TAN & Bank Account

On the basis of incorporation certificate u can apply for the TAN , PAN & Bank.