Although India’s e-commerce market is developing rapidly, it has not been fully opened to the outside world.
Currently, except for Amazon India and Paytm Mall, which allow Chinese sellers to enter, other platforms still need to register an Indian company or register for Indian GST before they can enter. Therefore, here I will also tell you how to register a company in India. Since the cross-border registration procedures are too complicated, it is recommended that sellers in need contact relevant service providers to register.
1. Obtain an Employer Identification Number (DIN)
Submit the application form DIN-1 online through the Indian government website to obtain a temporary DIN, and you must submit your identity and address to the competent authority at the same time. After verification and approval by the competent authority, a permanent DIN will be issued to the seller.
2. Obtain a digital signature certificate
The company director must submit the prescribed application form and identity and address to obtain a digital signature certificate from any of the six private institutions authorized by the MCA.
3. Submit a company name online
The application for a company name must be made electronically, and a maximum of 6 names can be submitted at a time. After the review is passed, the seller can check it on the website.
IV. Submit company registration documents
When submitting company registration documents, an unsigned copy of the Memorandum and Articles of Association (MAA) should be attached.
V. Obtaining a Certificate of Registration
To register a company in India, you must download E-form1, E-form18, and E-form32 from the MCA portal and submit them. A copy of the consent letter from the company’s directors and a scanned copy of the signed and stamped MAA form are attached to Form1. A copy of MAA, Articles of Association, Form1, Form18, Form 32, the original name approval letter, and the consent authorization letter with the director’s seal must be submitted to the Registrar of Companies. The company registration certificate will be automatically sent to the company’s registered address by registered mail.
VI. Making a seal
A company needs a seal to issue shares and other documents.
VII. Obtaining a Permanent Account Number (PAN)
The application for a PAN number can be made at any local PAN center or TIN-FC in India, or it can be applied online. The relevant forms required for the application can be downloaded free of charge on the official website, or can be obtained free of charge at a local PAN center or TIN-FC in India. The price of applying for a PAN number varies depending on factors such as whether the taxpayer’s correspondence address is in India.
VIII. Obtaining a Tax Account Number (TAN)
When applying for a TAN, you must use a form called 49B, which can be submitted at any TIN Service Center or NSDL. After the application is approved, the information will be sent to the tax department, which will issue a TAN after verifying the application.
IX. Registration with the Inspectorate, Stores and Establishment Act Office (State, City)
A statement containing the name of the employer and manager, the name of the establishment, the postal address and the category must be submitted to the local store inspector along with the application fee. The company must complete this registration within 30 days of opening.
10. Register for GST (Indian Goods and Services Tax)
Every business with an annual turnover of more than 20 million rupees (10 million rupees for special states) must register for GST. Many e-commerce platforms require sellers to provide GSTIN at the beginning of registration.
11. Register for professional tax with the Professional Tax Bureau (State)
According to Section 5 of the Indian Professional Tax Act, every Indian corporate legal person (excluding government officials) has the obligation to pay taxes and should also obtain a registration certificate prescribed by the Indian authorities. The company must apply to the registration authority using Form 1.
12. Register with the Employees’ Provident Fund Organization (National)
The corporate legal person must provide the necessary information to the relevant Regional Provident Fund Organization (EPFO) in the prescribed manner.
13. Register for medical insurance
According to the Indian National Employee Insurance (General) Regulations, after the corporate legal person number is generated, the corporate legal person must register with the medical insurance department. There are many medical insurance providers in India. As for how to find a reliable provider, it is recommended that sellers consult with service providers who handle this business.