How to Register a Trading Company in India

How to Register a Trading Company in India


Trading is the process of buying and selling items or goods to make a profit. It's a diverse industry with many different types of businesses, including import and export, wholesaling, retailing, manufacturing, and even e-commerce. 

However, starting a trading business is not as easy as it may seem, and there are a lot of things to keep in mind. This article will cover the steps needed to register a trading company in India and help you get started on the right foot. Incorporating a Trading company provides you with various tax benefits and legal protections not available to sole proprietorships and partnerships. 

If you decide to incorporate, it is important to ensure that all proposed directors have a Class II Digital Signature Certificate, as this is necessary for signing numerous company documents that are filed and registered with the Registrar of Companies. In addition, you must obtain a bank account in the name of your trading company. It is also a good idea to consult a chartered accountant to determine if your trading business is profitable enough to justify the expense of incorporation and ongoing compliance.

A trading company acts as a sales agent for a foreign manufacturer by soliciting orders from foreign customers and invoicing the client on behalf of the factory. This type of relationship is often governed by an International Commercial Agency Agreement between the trading company and the principal. A domestic trading company may be incorporated as a private limited company or as a public limited company.

 

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