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I would like to start a networking business. From where did I get Finance & other help.

2007-01-12 19:01:03 · 3 answers · asked by tijo t 1 in Business & Finance Other - Business & Finance

3 answers

ive got this for you all related information is here

This information will be useful for those who are looking in a nutshell the steps involved to start a Private Limited company in India

1. First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed.
2. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online
at www.mca.gov.in. FAQ on DIN http://www.mca.gov.in/MinistryWebsite/dca/faq/faq1.html
Documents required for DIN

A. Identity Proof (Any one of the following)
PAN Card
Driving License
Passport
Voter ID Card
Others (to be specified)
B. Residence Proof (Any one of the following)
Driving License
Passport
Voter ID Card
Telephone Bill
Ration Card
Electricity Bill
Bank Statement
Others (to be specified)

3. Once you have got your DIN then you need to apply for Company name. You need to go with 5-6 names in the order which you prefer.If the name is not available then they go to the next one in the order you have provided.

4. You need to apply online for the name availability . You need to Fill in Form 1A. Forms are avilable at this
location.http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1030-Form1A_help.zip

5. Once you have got your name approved you have to apply for the Incorporation of Company. For this you
will have to prepare Memorandum of Association which will detail what the company;s operations the first list of directors
who are going the be in the board need to be defined in this document. This should be applied along with Form 1
http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1022-Form1_help.zip. Ocne this has been approved make atleast 10-15 copies of your Certificate of Incorporation and Memorandum of Association and have it in a booklet form.

6. Once your company has been incorporated you can open a Current account in any of the leading banks
for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.

7. Thenyou need to apply for TAN and PAN for the Company
https://tin.tin.nsdl.com/pan/form49A.html
https://tin.tin.nsdl.com/tan/form49B.html

8. If your services are in Software related area you can apply for STPI license which will give you certain benefits
like Company need not pay tax for 5 years, there will be no import or expurty duty levied on software/hardware,
You will get office spaces at lower rates at STPI units. These are few of the benefits of becoming an STPI member.

All this you can do on your own or you can outsource these to professional auditor. We did it through Auditor and it took almost three weeks (Upto Step 7 excluding STPI) and all charges(excluding sTPI) would approximately cost you Rs.25,000.

hope this helps you

2007-01-13 05:02:31 · answer #1 · answered by Anonymous · 0 0

For starting a Pvt. Ltd Company, there are several procedure and there is a specified fees to be deposited with the Registrar of the Companies, Located at the State Capital of all the States. After the check of availability of names u will be allotted the Name. there must be at least Seven persons to form a Pvt Ltd. Company.
Regarding Networking Company, Please study the strategy and other aspects in detail, to achieve success.
Finance is to be arranged urself, as there is no finance system for the MLM business.
Regarding All other assistance a chartered Accountant will help u.

2007-01-13 06:25:48 · answer #2 · answered by AVANISH JI 5 · 0 0

to incorporate a pvt. ltd. company first you have an object relating to your business. first get your DIN no. for directors by logging on to www.mca.gov.in. contact with any practising company secretary in your city or contact me. first you have to apply for name approval in Form IA by giving preference order of names. you have to file this form on line. after receiving name approval you have to draft Memorandum and Articles of your company. you have to submit neceessary documents in physical from to Registrar of Companies in your region. After verification you have submit all this documents online on MCA 21 portal and then your company will be registered and certificate of incorporation certificate will be issued to you. - pradip channe, company secretary

2007-01-13 03:19:11 · answer #3 · answered by PRADIP C 1 · 0 0

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