Things You'll Need
- Business plan
- Location
- Director identification number
- Digital signature certificate
- Company name
- Company documents
- Seal
- Permanent account number
Suggestions
- Create a business plan for your apparel business. A business plan is a formally written expression of an entrepreneurial vision, describing the strategy and operation of the venture and guides your business to reach its financial goals. Your business plan should include your business description, financial projections, product description, location of business and marketing and promotion strategy.
- Decide how you will get your apparel. There are different ways to get apparel for your business such as having it shipped overseas from another country, buying it from an Indian apparel supplier or buying it online. Make sure you understand the regulations and policies of importing products to India before beginning this process.
- Select a location for your business apparel store. Some of the largest cities in India are Mumbai, Delhi and Bengaluru. It's a good idea to pick a location that is near a high population density area such as near a mall or outdoor shops. Before signing a lease with the owner, make sure to review any rules, requirements or permits you may need to obtain before opening a business in that location.
- Obtain a director identification number (DIN). You can obtain a provisional DIN by filling in the a DIN-1 application form online (see Resources). Once you are done filling the form, print the application form, sign it and send it for approval to the Ministry of Corporate Affairs.
- Acquire a digital signature certificate online. In order to use the new electronic filing system at the Ministry of Corporate Affairs, you must first obtain a digital signature certificate. You can obtain a certificate from one of the six private agencies authorized by the Ministry of Corporate Affairs, such as the Tata Consultancy Services.
- Reserve the company name with the Registrar of Companies (ROC). The company name approval must be done electronically. This process can be done at the Ministry of Company Affairs website under "e-filing for name approval."
- Stamp the company documents at the State Treasury or an authorized bank. Make sure that the copies submitted are not signed and that no business promoters have written anything on them by hand. If your copies are cleared, you will receive them back, one of which will be stamped, signed and embossed.
- Present the required documents to the Registrar of Companies. Among the documents you will be required to send are the e-form 1, e-form 18 and e-form 32 (these can be electronically filed on the website of the Ministry of Company Affairs). You will also need scanned copies of the consent of the initial directors and a signed and stamped form of the Memorandum and Articles of Association in order to obtain the certificate of incorporation from the Registrar of Companies.
- Make a company seal. Although making a seal isn't a legal requirement for a company to be incorporated, you will need one to issue share certificates and other documents. Seek a local stationary company or an office supply company to buy a seal.
- Obtain a permanent account number (PAN). Each person must have a permanent account number for tax payment purposes as well as a tax deductions and a collection account number (TAN) for depositing tax. You can obtain a permanent account number by visiting an authorized franchise or agent appointed by National Securities Deposit (NSDL) Services Limited or United Trust of India (UTI). You will also have to register for health insurance and retirement plans.
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Eggshell (Textured) Business Card
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