Proprietorship Registration

Common Registration for Proprietorship

MSME Registration: MSME or UdyogAadhaar registration can be obtained in the name of the business to establish that the sole proprietorship is registered under the ministry of Micro and Small Medium Enterprises.

TAN Registration: TAN Registration must be obtained for the proprietor from the Income Tax Department if the proprietor is making salary payments were TDS deduction is required.

GST Registration: GST Registration must be obtained if the proprietor is selling goods or services in their Name.

Import Export Code: Import Export Code (IE Code) can be obtained from the DGFT in the name of the business in case of a Proprietor business undertaking Export and/or Import of goods into India.

FSSAI Registration: In case the proprietorship is involved in the selling of food products or handling of food products, FSSAI Registration must be obtained from the Food Safety and Standard Authority of India in the name of the proprietor.

Bank account opening for Proprietorship: A current account can be opened for a sole Proprietorship through Chennai Filings Technologies (CFT) from various banks. CFT offers an exclusive partnership through which Zero Balance current accounts can be opened and start-up finance can be offered based on the projects.

Process for Proprietorship Registration: Before beginning the engagement, all the required information and documents are collected, The Account Manager would also advise you on the types of registration to be obtained. Once the necessary registration is obtained, an application is also submitted to the bank for Current Account Opening.