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Old 20th September 2012
souptick souptick is offline
 
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Let's talk BUSINESS.

Here I wanna start a thread that is dedicated to those who want (or want to share) business ideas. Business related problems, opportunities etc....

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Old 20th September 2012
filament29 filament29 is offline
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How to get a trade license?
How to register a company name?

Any other paper work needed to start a company...?

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Old 20th September 2012
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Quote:
Originally Posted by filament29 View Post
How to get a trade license?
How to register a company name?

Any other paper work needed to start a company...?

anybody kindly answer to the above query.
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Old 20th September 2012
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how to secure loan without collateral?

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Old 20th September 2012
raasug raasug is offline
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Quote:
Originally Posted by souptick View Post
Here I wanna start a thread that is dedicated to those who want (or want to share) business ideas. Business related problems, opportunities etc....
I welcome this thread. It will serve its purpose only if the members are seriously participating and not making fun of others.
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Originally Posted by filament29 View Post
How to get a trade license?
The trade license is given by the local body. For example if you want to stat a Restaurent in Chennai, you should get a Trade License from Corporation of Chennai. You need to produce proof of ownership for the premises, or a rental Agreement signed by the owner of the premises. Further the restaurent should comply with certain rules and regulation regarding hygene, fire fighting, and parking norms. Likewise every trade has some rules and regulation. You should know that before starting the Trade / Business.
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How to register a company name?
Trademark registration of Name of company and its Logo will be necessary at a later date, to prevent others misusing that name. It is not necessary for starting the business.
However the business entity should be clear before starting the business. Registration is necessry as follows:

If the company is owned only by you then it is a Proprietorship. No registration is necessary for Proprietor Business.
If it is going to be owned by more than one person, it is called partnership firm, then a Partnership Deed is necessary. Any auditor or Advocate will help you to prepare one.
If it is a Private limited company then it is has to be registered with the Registrar of Companies. Your Auditor will help you to prepare the documents such as Article of Association etc.
If it is Public limited company then it has to be processed through SEBI, your banker will take up the job of Merchant Banking.
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Any other paper work needed to start a company...?
Regarding the paperwork, there is no specific answer at this stage. For example It can be a Franchise agreement or an Agency agreement, it all depends upon the nature of business.
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Originally Posted by Always Right View Post
how to secure loan without collateral?
Usually collateral security means pledging any immovable property as a security for Loan. It is not compulsory to have immovable property to take loan. For example if you want to start a Tourist taxi business, the car you will be buying can be hypothecated to the bank. If you are starting any industry, the machineries you are going to purchase can be hypothecated to the bank.
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anybody kindly answer to the above query.
I hope the above answers the specific questions raised by the members. Any other questions I will be glad to answer the same.

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Old 20th September 2012
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request to all please do not spoil the thread and try to give answer if you are aware of situation and the things
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Old 20th September 2012
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If the business you want to start is to be a Private Limited Company, then you need Name approval from ROC. You will also have to submit to ROC twenty printed copies of Memorandum & Articles of Association. You will thereafter have to submit the required returns also to ROC.

If you are starting a partnership company then the choice is yours whether to register it or not. But unregistered partnership companies have to renew the partnership deed every eleven months.

If you are starting a propreitorship company, then there are no hasels.

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Old 21st September 2012
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Excellent thread , will contribute as per my knowledge regarding to this thread.
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Old 21st September 2012
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Awesome Nice info
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  #10  
Old 21st September 2012
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Nice info

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