propritorship registration
shyam
(Querist) 28 April 2010
This query is : Resolved
hello sir
I want to open a propritorship. i know their no req for registration but how to open bank account and another is my turnover come under VAT eligable so i want to know how i process this formalities. i want to know where i can register my firm and what document req
I hope sir last time u give me a answer i satisfied thx for this .
Now also i expect u answer my query and help me to start my firm (my business to Lunch and food suppli)
Thx
adv. rajeev ( rajoo )
(Expert) 28 April 2010
There is no specific procedure for registration of proprietory concern, just you have to obtain VAT No. from the concerned Sales Tax Office and after in the firm you can open current a/c some times banks ask for the vat no.
Raj Kumar Makkad
(Expert) 28 April 2010
It shall be better if you get registered your proprietorship firm under Shops and commercial Establishment Actand thereafter get opened the bank account, VAT registration etc. It shall definitely give a legal look to your firm though no registration is required as opined by rajoo.
Parthasarathi Loganathan
(Expert) 28 April 2010
If KYC norms are satisfied many banks do not insist registration of Sole Proprietor firms. Obtention of VAT and TIN has now become a very simplified procedure.
suren
(Expert) 04 May 2010
As sugeseted by Experts, you required to registered your self with :-
under Shopes & Estabilshment Act
under Professional Tax
under VAT
under income tax (PAN), if not yet registered
After above registrations, you can get
Bank Account as well Loan in your Firm's Name
Telephone Connection in your Firm's Name
