How to Register your MLM Company Legally in India? (1)

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• 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

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• 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.