One Person Company

Common Registration for Proprietorship

MSME Registration: To prove that a sole proprietorship is registered with the Ministry of Micro and Small Medium Enterprises, the firm can seek an MSME or UdyogAadhaar registration in the name of the enterprise.

TAN Registration: If the proprietor is required to deduct TDS from salary payments, they must seek TAN Registration from the Income Tax Department.

GST Registration: In the event that the owner is selling products or services under their name, GST registration is required.

Import Export Code: If a proprietorship is exporting or importing goods into India, the Import Export Code (IE Code) can be obtained from the DGFT under the name of the business.

FSSAI Registration: The proprietor must get an FSSAI Registration in their name from the Food Safety and Standard Authority of India if their business involves handling or selling food goods.

Bank account opening for Proprietorship: Through Chokurei Tax Partners Technologies (CFT), a sole proprietorship can open a current account with a variety of banks. Through a unique collaboration, CFT provides the ability to open Zero Balance current accounts and provide start-up financing contingent on the projects.

Process for Proprietorship Registration: All necessary paperwork and information are gathered prior to the engagement starting, and the account manager will counsel you on the various forms of registration that are needed. An application for the opening of a current account is also filed to the bank after the required registration has been received.