I want to open proprietary concern

Neeraj (Querist) 17 July 2015 This query is : Resolved
Dear Sir, I want to open proprietry cocnern. just guide me what legal documents required.

Is any registration to Govt is required.
How can i open CD account in bank in the name of the cocnern.

Can i open cocnern from residentail address.

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kavksatyanarayana (Expert) 17 July 2015
@author, since the proprietor and the business are one and the same there is no registration of such proprietary businesses. and open a bank current account by making yourself a proprieter of it.

Rajendra K Goyal (Expert) 18 July 2015
Constitution of proprietorship concern need not be registered. All other trade and municipal licenses applicable has to be taken.

Neeraj (Querist) 18 July 2015
Dear Sir ,

Thanks for reply.

How can i get CD bank account , as per bank law they need two ID proof of the properitership.

which municipal registration is mandatory.

can i put company address as Home address.

Hemant Agarwal (Expert) 19 July 2015
1. Minimum Documents required to constitute a "proprietor firm".
a) Proof of Residence (registered agreement)
b) Proof by way Income Tax Return
c) PAN Card, Aadhar Card, Electricity + Water + Property Tax bill
d) Personal Bank Account number
e) S&E registration with the local Municipal body
f) Affidavit /Undertaking with Business details & objectives

ABOVE is sufficient to open a Prop. Business and a Bank Current Account, using a Self-Residential address. Anything besides the above is invalid for business purposes.

Keep Smiling .... Hemant Agarwal
READ ARTICLES ON: http://hemantagarwal21.blogspot.in/?view=sidebar

Neeraj (Querist) 20 July 2015
Thanks alot Mr. Hemant.

Guest (Expert) 20 July 2015
Your banker could well have advised you on the issue.

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