Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 23 December 2019
one of the most crucial parts of starting your ecommerce business in India - registering and completing all the legal formalities for the same. Apply for the Director’s Identification Number (DIN), which can be downloaded using the DIN application (DIN 3 form) from the official website of Ministry of Corporate Affairs. You can also apply DIN online, by just attaching and uploading the necessary documents. Make sure you have your Permanent Account Number (PAN) and Digital Signature Certificate. Once you have received the DIN, you can apply to the Registrar of Companies (ROC), to check for the availability of the name you have chosen for your company. This can also be done by checking for it on the official website of the Ministry of Corporate Affairs. After receiving a confirmation on the name, you can incorporate the proposed company within six months. You also have the option of renewing the name of the company, by paying a certain fee. Apply for the Goods and Service Tax (GST) certification, Shops and Establishment Licence - necessary in cases of Payment Gateway Integration - and Professional Tax (PT). Apply to open up a Provident Fund (PF) with the respective Provident Fund Organization; register with the Employees’ State Insurance Corporation for medical insurance of the employees and finally apply for the Certification of Company’s Incorporation, where your company will be officially registered under the Company’s Act, 2013. Step 4: Opening a bank account Once your company is officially registered under the Act, you will need to open up a bank account for the same. The account can be opened with any bank but has to be opened in the official name of the company. If you have chosen the proprietorship model for your online business, you need to obtain GST registration, which will then allow you to open up a bank account in the name of your online business. In this case, once your bank account is ready, you can list the products you will sell on your ecommerce website, to obtain and then operate a payment gateway.
T. Kalaiselvan, Advocate (Advocate) 27 December 2019
To start ecommerce business: