When you are considering setting up a business in India, you must follow the rules and regulations. And it is very important that you register your company with the relevant authority.
For example, if you intend to set up a public limited company. You must then register your company with the Ministry of Economic Affairs. Because it’s mandatory for the LLP.
This article deals with the legal registration required to carry out an activity. Reading this article will give you an idea of the legal registration required to carry out a commercial activity.
Read it: How can companies effectively use digital marketing for growth?
List of legal registrations relevant to companies
Business Registration – Business Registration is important for the legal establishment of a company in India. Without registration, your company cannot be considered legal.
Company registration is also important for making other documents for the company name, and after company registration your company is entitled to various government regulations.
If you are considering opening a limited liability company, a limited partnership or a sole proprietorship, you must register your business with the Ministry of Business Affairs.
The Department of General Affairs regulates the activities of companies and LLPs, and according to the rules and regulations of the Department of General Affairs, you must complete a registration form before commencing the activities of an LLP or a public limited company, and after registration you will receive proof of registration that your company is legally registered with the Department of General Affairs.
If you plan to start a business as a self-employed person, you must register as a self-employed person and if you want to start a business as a self-employed person, you must register as a partner.
Udyog Aadhar Registration – Udyog Aadhar Registration is an important registration for the legal establishment of a company in India, because if you plan to start a small or medium sized business, you need to register your company with the Ministry of RSI, which can be done through the Udyog Aadhar Registration.
Udeg Adhar is a unique 12-digit number assigned by the Ministry of Micro, Small and Medium Enterprises. When you receive an Udeg Aadhar number, you receive many benefits under various government plans, such as low interest rates, government subsidies, allowances, etc…
If you are considering establishing your own company, you must therefore register your company under Udeg Adhar in order to benefit from many advantages under various government programmes. This registration can be done online by visiting the official website of Udyog Aadhar.
GST registration – The GST is a goods and services tax, an indirect tax levied by central and state governments.
The GST registration is very important because it is mandatory for persons with a turnover of more than Rs. 40, and in some states the GST registration is mandatory if the turnover exceeds Rs. 20. The GST registration is an important factor.
If you refuse to register for the GST, you will be responsible for your records or you may be sent to prison. The service provider is responsible for receiving GST from customers and then transferring it to the government.
If you plan to start a business, you must register it under the GST. Once you register for GST, you will receive a Goods and Services Tax Identification Number (GSTIN), which is important for claiming GST.
Licence Shop Act – The Licence Shop Act is very important for business activities in the area or for setting up a factory or shop in the area.
If you plan to open an office or shop, you must obtain permission from your local authority, i.e. you must apply for a business licence from the local authority in the area, the municipality.
If you have 10 or more employees in Maharashtra, you are required to obtain a business licence and you will not be able to carry out any commercial activities without it.
Therefore, the Shop Act license is an important license that you must apply for before starting your business, and this license is legal proof that you are running a legitimate business, so you should get it.
As you can see from the article above, legal business registration is the most important thing for you before you start a business, because without registration, your business may not be able to enjoy various benefits under different government regulations.
As you can see, other legal registrations, such as the Udyog Aadhar, GST registration, Shop Act license, are also important to the company, because without this license you may have legal problems. Therefore, if you intend to set up a business legally, you must register your business and make another legal registration, which is very important.
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