How to Register a Trading Company in India

How to Register a Trading Company in India


The article covers how to register a Trading company in India, the steps, the documents and everything in-between. It is a great guide for those wanting to start their own Trading business in the country.

A Trading company in India is a type of business entity which carries out wholesaling, retailing, importing, and exporting products. This type of business allows a company to take advantage of lower manufacturing and supplier costs by leveraging the global supply chain and international market.

To register a trading company, the directors of a prospective business must first submit their application to the Registrar of Companies (ROC) with the following documents:

After the company has been approved by the ROC, it is then required to register with tax authorities and other government agencies, including the regional Sales Tax Department, the Export Import Credit Guarantee Corporation, and the Ministry of Commerce. 

It is also possible for a company to operate as a cooperative society, which is an alternative to registering as a private limited or a public limited company. This type of entity is taxable under the Income Tax Act but offers a number of deductions and exemptions. This option is ideal for small and medium sized businesses. It is important to note that a cooperative society must obtain a certificate of registration from the Registrar of Cooperative Societies before commencing operations.

 

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