start-up registering business in india ?
The information on starting or registering a business in india, is not one of those things that are very well available. The government staff who do it, don't want any layman to be informed, because their bread and butter is in the bribe money they get on each and each thing they do to accept your registration to helping you understand what and how to do it.
(But things are better with egovernance now.. read on. or skip to update on this post on july 21)
Only Chartered accountants or accountants know the process and the government offices well, and because of these, these accountants, most of them, try to make a killing out of our pocket for the little services they provide, and you would have no where to go or do it yourself since there's not enough information outside the heads of the accountants.
Some of us tried to 'google' our way, thinking google should have it, but unfortunately google will clarify it here, that indian government organizations or their processes are never put up on the internet though every ministry and district organization seems to have a .nic.in, or a gov.in domain name.
This post and how we could share stuff
I am setting up this blog post, and will be updating it regularly as I go through my process of information collection and company registration and filing taxes and returns. May be if what you need isn't here, sometime it will be when I also go through the process.
If you have already come through some processes the hard way and would like to share any such information, please post to comment in this post, or if its a lot of information you have, please mail me harish.palaniappan @ gmail.com and i will add it to this long post.
Information On Companies, Acts, and processes in India
May be these links help to kick-off your information collection drive:
Starting your own business in India
Forming a company in India
Starting a business - by doingbusiness.org
The Indian Ministry of company affairs website
Starting a business in singapore
MCA21 : Online company registrations and other e-form processes
The Indian ministry of company affairs has setup an online governance website since september 2006 (delayed by almost 6 months) with the help of Tata consultancy services.
I have not used the website yet to do any processes, because some processes seem to have a manual process attached which first has to be completed at the Registrar of Companies (RoC) office and then the process taken online. But i am not sure. Check for yourself as to what MCA21 is and how to use the website to complete your processes, all online.
Here's the pdf document that explains MCA21 and how to use mca.gov.in website
Update: 24th July 2007 :
I found more information.
In the different types of companies that can be registered (or that can be created in India at all legally), there's no possibility of starting a single person company.. At a minimum, you can only start a private firm with 2 directors.
But, the government has been recommended by an expert committee, to add a new class of companies which is proposed as 'One person company' and probably may have OPC Pvt. or OPC Pvt. Ltd. as the ending name of the company.
If this recommendation is approved (which probably will be by amendments in the companies Act), then there will be a possibility of registering One Person companies in India. As of now, you atleast make a friendly legal entity as a director apart from yourself, like your mother or wife, or some friend, and register your company as a Private company with minimum 2 directors.
Though it is technically bad that India hasn't still recognized 'one person companies', practically it is better to register as a private company since that will avoid further paper work when your 'one person company' grows to have employees which then requires a conversion in your registration or possibly re-registration.
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