Ease of doing business in India

Empirical research is needed to establish the optimal level of business regulation—for example, what the duration of court procedures should be and what the optimal degree of social protection is.

India is one of the fastest growing economies in the world. However, India’s position in the ‘Doing Business’

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• Starting a business – Procedures, time, cost and minimum capital to open a new business
• Dealing with construction permits – Procedures, time and cost to build a warehouse
• Getting electricity – procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
• Registering property – Procedures, time and cost to register commercial real estate
• Getting credit – Strength of legal rights index, depth of credit information index
• Protecting investors – Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
• Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
• Trading across borders – Number of documents, cost and time necessary to export and import
• Enforcing contracts – Procedures, time and cost to enforce a debt contract
• Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy proceeding

The Doing Business project also offers information on following datasets:

• Distance to frontier - Shows the distance of each economy to the “frontier,” which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business
• Entrepreneurship - Measures entrepreneurial activity. The data is collected directly from 130 company registrars on the number of newly registered firms over the past seven years
• Good practices - Provide insights into how governments have improved the regulatory environment in the past in the areas measured by Doing Business
• Transparency in business regulation - Data on the accessibility of regulatory information measures how easy it is to access fee schedules for 4 regulatory processes in the largest business city of an economy
  
  
  
  
  
  
  
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Company Registration in India

A private limited company is where between one and more people come together and form a business, The owners are called shareholders and they invest money in the company, The profit is divided up among the shareholders and distributed in the form of dividends “Ltd.” is written after the name of the company.

Summary List of Important Documents for Incorporation Documents - 1. 4 Passport size photograph for every Director 2. Pan Card Copy (Mandatory In Case Of Indian Nationals), Passport (Mandatory for Foreign Nationals & Non Residents India) 3. Proof of Identity (Any one of the below) – ü  Voter’s Identity Card ü  Passport Copy ü  Driving License Copy ü  Unique Identification Number (UIN)/ Aadhar Card 4. Proof of Address (Any one of the below) ü  Bank Statement ü  Electricity Bill ü  Telephone Bill ü  Mobile Bill } Note- Documents shall not be more than 2 months old. 5. Proof of Registered Office Address –(Any of the following) ü  Ownership Proof / Sale deed or Lease deed or Rent Agreement along with the rent ü  receipts; and any of the Following : ü  Electricity Bill ü  Gas Bill ü  Telephone Bill ü  Mobile Bill Note- Documents shall not be more than 2 months old. ALL THE DOCUMENTS MUST BE SELF ATTESTED AS PER PAN SIGNATURE – DIFFERENCE BETWEEN THEM MAY LEAD TO REJECTION BY MINISTRY OF CORPORATE AFFAIRS

Procedure for Company Registration

1. Document Requirements: Every Director must have PAN Card (if digital Signature is to be    obtained for in the name of the said Director) issued by the Income Tax department as an Identity    proof and one address proof in his/her name. Two passport size photographs of each Director are     required. Clear Scanned copies of proofs and photos are preferred.

2. Name Availability Search: It is advisable to conduct a Name Search for the proposed name of    the Company to make sure that there is no identical or similar LLP/Company already registered in     India or for which an application for registration has been submitted.

3. Payment of Fees (Part Payment): Part payment is taken to initiate the Company Incorporation    process. We provide you following payment options: 1. Cash, 2. Cheque and 3. Online Transfer.     (Payment Gateway facility is under process)

4. Application of DIN & Digital Signature: We shall prepare and send all the required documents     for signature of the Promoters at one go.

5. Name Application: After approval of all the DIN, we shall draft the Main Object of the Company   for the approval of the Promoters. On the approval of the Promoters, our team will forward     Company name application with the Registrar of Companies.

6. Payment of Fees (Final Payment): After the approval of the name, the remaining payment is     taken.

7. Filing of Incorporation documents: Our Team will prepare all the relevant documents along    with eForms, Memorandum of Association (MOA) and Articles of Association (AOA) required for the     company incorporation and will file the same with the authorities.

8. Final Process: After completion of the process, we provide you a file containing all documentation     made for Company formation along with DIN papers and Digital Signatures.

9. Long Term Relationship: We look forward to a very long term relationship with all our Clients.   We provide all kinds of recurring compliance services required by the Company in the form of     Annual Return  filing and various Event Based Compliances.

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