Hello all,
I need to ask a question regarding opening a new placement consultancy as a sole proprietorship firm from home. Do I need to register it? Also, for opening the current account in the bank, which documents are needed? It is very urgent, so please reply promptly.
Thank you.
From India, Lucknow
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I need to ask a question regarding opening a new placement consultancy as a sole proprietorship firm from home. Do I need to register it? Also, for opening the current account in the bank, which documents are needed? It is very urgent, so please reply promptly.
Thank you.
From India, Lucknow
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As a proprietorship firm, registration is not required. Only partnership firms and private limited companies need registration. To open a current account, you need to make rubber stamps with the firm's name that you have chosen. Additionally, you will need your individual PAN card and photos to get a current account opened.
However, since you are in the "services providing business," if your annual turnover exceeds Rs. 9 lakhs, then you will need to register for service tax and collect it from your clients.
I trust this information helps.
From India, Chennai
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35However, since you are in the "services providing business," if your annual turnover exceeds Rs. 9 lakhs, then you will need to register for service tax and collect it from your clients.
I trust this information helps.
From India, Chennai
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Hello,
Now, it has changed a little. You cannot open a current account without having a valid government document in the name of your company. You shall provide any of the following:
1) Service tax certificate
2) Sales tax certificate
3) Labour certificate
I would prefer if you go for the Labour certificate. It's easy and there are no issues in obtaining valid proof in your company's name. I believe it is clear. Do email me if I am wrong so that I can also update my knowledge.
Reach me at
From India, Bengaluru
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Now, it has changed a little. You cannot open a current account without having a valid government document in the name of your company. You shall provide any of the following:
1) Service tax certificate
2) Sales tax certificate
3) Labour certificate
I would prefer if you go for the Labour certificate. It's easy and there are no issues in obtaining valid proof in your company's name. I believe it is clear. Do email me if I am wrong so that I can also update my knowledge.
Reach me at
From India, Bengaluru
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REGISTRATION & LICENSING UNDER DELHI S&E ACT.pdf
Registration Form.doc