How to Register your MLM Company Legally in India? - PowerPoint PPT Presentation

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How to Register your MLM Company Legally in India?

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Starting up an MLM company is a lot of work just like establishing any other company. Either you want to open a private limited company; a public limited company or a producer company, there is a predefined registration process that has to be followed. – PowerPoint PPT presentation

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Title: How to Register your MLM Company Legally in India?


1
  • How to Register your MLM Company Legally in
    India?
  • Starting up an MLM company is a lot of work just
    like establishing any other company. Either you
    want to open a private limited company a public
    limited company or a producer company, there is a
    predefined registration process that has to be
    followed. Direct selling business has become
    legal in India and thus, to register an MLM
    company in India, there is a similar procedure of
    submitting documents and applying for the IDSA
    membership and setting up the business. The
    following guide includes the steps to perform
    and documents required for registering an MLM
    company in India.
  • Here are the steps to be followed for setting up
    an MLM company in India
  • It is recommended to register a private ltd
    company before setting up a direct selling
    company
  • Apply for membership at ISDA (Indian Direct
    Selling Association). This is not a government
    authority but is a private body for governing
    direct selling companies
  • Apply for VAT, GST, TAN and all the necessary
    licenses and documents required for the
    registration purpose
  • Hire an advisor or CA to handle the rules and
    laws
  • Every company must have a bank account with
    nationalized bank
  • The company must pay sales incentive as per the
    agreements
  • The company also must comprise of a consumer
    grievance cell to make sure that the consumer
    grievances are addressed
  • The company must also have a well developed
    website where the customers can reach the
    company authorities
  • The applications wont be considered if the
    applicants are not eligible under the Indian
    Contract Act
  • For setting up a direct selling company in India,
    there are several documents required. For a
    private LTD company the list of requirements
    includes some other documents too. Here are the
    documents to be submitted
  • Documents required for registering a legal MLM
    company in India
  • A self attested copy of PAN card
  • NO Objection Letter from the owner of the
    premises where the company is to be opened
  • 5 color passport size photographs

2
  • Minimum 2 shareholders are required for setting
    up the company
  • DIN and Digital signatures of all the directors
    of the company
  • 1 director has to be Indian mandatorily
  • The companies willing to establish a legal and
    reliable direct selling business must follow the
    above given rules and regulations. The process
    is simple and quite similar as registering a
    private ltd company and thus, every company must
    follow the registration process strictly.
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