Starting a Business in India

India is the fastest growing economy in the world .Indian companies has left an economic print over the globe. India has provided varies opportunities in different sectors to establish businesses to the Indian as well as foreign investors, but before that starting our business has to choose mode of business. That is, fist we have to decide whether make company (private or public) or partnership or sol proprietorship. Foreigner can not start his business through sol proprietorship or partnership, he can start only by company it may be private or public.

Besides Incorporation Company there are many other formalities in establishing a business in India. The following table contains typical formalities including incorporating a private limited company in India. Beside Government of India introduce e-governs starting 21MCA portal for online registration of company.

Business Query Form

Nature of Procedure in India	Procedure Number	Duration (days)
Filing the proposed name of company for approval to the Registrar of Companies (ROC); Get the Memorandum and Articles of Association vetted by the ROC and printed	1	7
Make an application to the Superintendent of Stamps or bank for stamping of the Memorandum of Association and Articles of Association.	2	1
Present the required documents with the registration fee to the Registrar of Companies to get the certificate of incorporation	3	9
Obtain a company seal	4	3
Visit the UTI Investors Services Limited to obtain a Permanent Account Number	5	7
Obtain a Tax Account Number for income taxes deducted at source from the Assessing Office in the Income Tax Department	6	7*
Register under Shops and Establishment Act	7	2*
Register for value added tax (VAT) before the Sales Tax Officer of the ward in which the company is located	8	12*
Register for Profession tax	9	2*
Register with Employees' Provident Fund Organization	10	2*
Register with ESIC (medical insurance)	11	1*
Filing for Govt. Approval before RBI/FIPB for Foreigners and NRI's	12	15*
Totals:	12	35

In such ways business can be starts in India.