Republic of India Bhārat Gaṇarājya | |
|---|---|
| Motto: Satyameva Jayate (Sanskrit) "Truth Alone Triumphs" | |
| Anthem: Jana Gana Mana (Hindi) "Thou Art the Ruler of the Minds of All People" | |
| National song: Vande Mataram (Sanskrit) "I Bow to Thee, Mother" | |
.svg) Territory controlled by India | |
| Capital | New Delhi 28°36′50″N 77°12′30″E / 28.61389°N 77.20833°E |
| Largest city by city proper population | Mumbai |
| Largest city by metropolitan area population | Delhi |
| Official languages | |
| Recognised regional languages | |
| Native languages | 424 languages |
| Religion (2011) |
|
| Demonym(s) | |
| Government | Federal parliamentary republic |
| Droupadi Murmu | |
| Narendra Modi | |
| Legislature | Parliament |
| Rajya Sabha | |
| Lok Sabha | |
| Independence from the United Kingdom | |
| 15 August 1947 | |
| 26 January 1950 | |
| Area | |
Total | 3,287,263 km2 (1,269,219 sq mi) (7th) |
Water (%) | 9.6 |
| Population | |
2023 estimate |  1,428,627,663 (1st) |
2011 census | 1,210,854,977 (2nd) |
Density | 430.3/km2 (1,114.5/sq mi) (30th) |
| GDP (PPP) | 2025 estimate |
Total |  $17.647 trillion (3rd) |
Per capita | $12,132 (119th) |
| GDP (nominal) | 2025 estimate |
Total | $4.187 trillion (4th) |
Per capita | $2,878 (136th) |
| Gini (2021) |  25.5low inequality |
| HDI (2023) | 0.685 medium (130th) |
| Currency | Indian rupee (₹) (INR) |
| Time zone | UTC+05:30 (IST) |
| Date format |
|
| Calling code | +91 |
| ISO 3166 code | IN |
| Internet TLD | .in (others) |
India is a land of opportunities, and starting a business here can be a lucrative prospect. However, starting a business in India requires compliance with various legal procedures and formalities. Registering a business in India involves obtaining the necessary licenses, permits, and certifications, and adhering to the tax and legal requirements of the country. In this article, we will guide you through the step-by-step process of registering a business in India.
Table of Contents
Choose the Type of Business Entity
The first step to registering a business in India is choosing the type of business entity you want to form. There are different types of business entities in India, such as sole proprietorship, partnership, LLP (Limited Liability Partnership), private limited company, and public limited company. Each type of business entity has its advantages and disadvantages, and you need to choose the one that best suits your business requirements.
Register the Business Name
Once you have decided on the type of business entity, you need to choose a unique name for your business. The name of your business should not be similar to any existing business name or trademark in India. You can check the availability of the name on the website of the Ministry of Corporate Affairs (MCA). Once you have finalized the name, you need to register it with the MCA.
Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN)
To register your business online, you need to obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). The DSC is an electronic certificate that verifies the identity of the person signing the documents online. The DIN is a unique identification number assigned to the director of the company. You can obtain these certificates from government-approved agencies.
File for Incorporation
Once you have obtained the DSC and DIN, you need to file for incorporation with the MCA. You need to submit the necessary documents such as the Memorandum of Association (MOA) and Articles of Association (AOA) along with the application. The MOA and AOA are legal documents that outline the objectives and rules of the company.
Obtain PAN and TAN
Once your company is registered, you need to obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department. The PAN is a unique identification number assigned to the company for tax purposes, and the TAN is used for the deduction and collection of taxes.
Register for GST
If your company’s turnover is more than Rs. 20 lakhs per annum, you need to register for Goods and Services Tax (GST). GST is a tax on the supply of goods and services, and it is mandatory for businesses with a turnover of more than Rs. 20 lakhs per annum.
Register for Other Licenses and Permits
Depending on the nature of your business, you may need to obtain additional licenses and permits from various government agencies. For example, if you are starting a food business, you need to obtain a license from the Food Safety and Standards Authority of India (FSSAI). Similarly, if you are starting a manufacturing business, you need to obtain a license from the Pollution Control Board.
Generis Global Can Help You with Your Business in India
Starting a business in India can be a daunting task, especially for foreign entrepreneurs who are unfamiliar with the legal and regulatory landscape of the country. Generis Global is a firm that can help you with your business journey in India. We provide a range of legal services, including company registration, compliance management, and tax advisory services. Contact us today to learn more about how we can help you with your business in India.
