please get in touch with the Ministry of overseas recruitment and also get in touch with your country area P.O.E Officials. ( P rotector O F Emmigrates ).
ww.immigrationindia.nic.in/ECNR_ECR_POE.htm <link no longer exists - removed> Airports Authority of India
You had not mentioned whether you will be handling Internal or Overseas recruitment.
If Overseas recruitment then
Yes, definitely you need a license from Indian Government. All Overseas recruitment firm needs to get permission from Central Government.
If internal recruitment then
you can simply register your company.
Better you contact a CA he will be fully aware of these procedures. 23rd July 2009 From India, Mumbai