I have completed B.E in ECE and am planning on taking the PG Diploma in Industrial Automation System Design from the DOEACC centre in Calicut?
Hello folks,
I’d like to open a gastronomy in the state of Uttar Pradesh with foreign employees.
I’m curious, and not entirely sure about the process of starting this business, since the Indian economy policy is not really clear in this case.
I’ve got a list with 13 points:
1Obtain director identification number (DIN) online from the Ministry of Corporate Affairs portal (National)1 dayINR 100
2Obtain digital signature certificate online from private agency authorized by the Ministry of Corporate Affairs (National)3 daysINR 1,500
3Reserve the company name online with the Registrar of Companies (ROC) (National)2 daysINR 500
4Stamp the company documents at the State Treasury (State) or authorized bank (Private)1 dayINR 1,300 (INR 200 for MOA + INR 1,000 for AOA for every INR 500,000 of share capital or part thereof + INR 100 for stamp paper for declaration Form 1)
5Get the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs (National)5 daysINR 14,133 (see comments)
6Make a seal (Private)1 dayINR 350 (cost depends on the number of seals required and the time period for delivery)
7*Obtain a Permanent Account Number (PAN) from an authorized franchise or agent appointed by the National Securities Depository Ltd. (NSDL) or the Unit Trust of India (UTI) Investors Services Ltd., as outsourced by the Income Tax Department (National)7 daysINR 67 (INR 60 application fee + 12.36% service tax + INR 5 for application form, if not downloaded)
8*Obtain a Tax Account Number (TAN) for income taxes deducted at source from the Assessing Office in the Mumbai Income Tax Department7 daysINR 57 (INR 50 application fee + 12.36% service tax)
9*Register with the Office of Inspector, Shops, and Establishment Act (State/Municipal)2 daysINR 6,500 (INR 2000 + 3 times registration fee for trade refuse charges)
10*Register for Value-Added Tax (VAT) at the Commercial Tax Office (State)12 daysINR 5,100 (registration fee INR 5000 + stamp duty INR 100)
11*Register for Profession Tax at the Profession Tax Office (State)2 daysNo cost
12*Register with Employees’ Provident Fund Organization (National)12 daysNo cost
13*Register for medical insurance at the regional office of the Employees’ State Insurance Corporation (National)9 daysNo cost
Now I’m not sure which ones are really necessary for my case, since I simply want to run a gastronomy with a little number of employees from Europe.
If anyone might assist me and give good advice on abovementioned procedures, I’d be very pleased.