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Start up Business

IEC Registration

IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.

The IE Code must be quoted by importers while clearing customs. Also, banks require the importers IE Code while sending money abroad. For exporters, IE Code must be quoted while sending shipments. And banks require the exporters IE Code while receiving money from abroad. The IEC does not apply to technology and services. However, it does in certain cases in which international trade is restricted, such as nuclear weapons and automatic guns.

 


Advantage:

  • It is flexible and has limited liability
  • Better image and credibility in Market
  • Easy to raise funds and loans
  • Favourite Business structure for Investors
  • Easy to attract Employees
  • Possibility to grow big and expand

Registration Process:

  

Obtaining DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 2 days.

  

Name Approval

A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.

Company Registration

Registration documents can be submitted to the MCA along with an application for registration. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.

PAN, TAN and Bank Account

To obtain PAN & TAN Number of company and Prepare documents for open bank account.

 

Documents Required

    • PAN Card of Directors
    • Address Proof of Directors
    • Passport Size Photo of Directors
    • Electricity Bill of Registered Office
    • Rent Agreement of Registered Office
    • NOC from Landlord

Information Required

    • Main Object of Company
    • Four Proposed Name of Company
    • Authorised & Paid Up Capital
    • Mail ID and Mobile Number of Director
    • Number of Directors in Company
    • Number of Shareholder in Company....

Frequently asked questions

What documents required to set up Pvt. Ltd. Company in India?

Do I have to have office (commercial) space to start a Company?

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