Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
ECommerce is trend in India for the entrepreneurs so they want to register their e-commerce business in India. It's a very easy process to “e-commerce business registration“. it's completely online so today we guide you on step by step process to register an online e-commerce business in India.
There are many banks offering m...
W Network
caWhat is the easiest way to get a current account for an eCommerce business in India legally?
-
W Network
caECommerce is trend in India for the entrepreneurs so they want to register their e-commerce business in India. It's a very easy process to “e-commerce business registration“. it's completely online so today we guide you on step by step process to register an online e-commerce business in India.
There are many banks offering many E-comm Current Account This Account is specially designed to cater transaction banking needs for the Customers operating in online market space.
https://www.hdfcbank.com/personal/products/accounts-and-deposits/current-accounts/ecomm-current-account
Follow the above link for easy way to open E-comm Current Account
Features
Free Combined limit(Home + Non-home Branch) for Cash Deposits up to Rs. 3 lakhs per month or 6 times the current months AMB* across all HDFC Bank Branches.Free Cash Withdrawal facility up to 1 lacs per day at any of the HDFC bank BranchFree local/ intercity cheque collection & payment within HDFC Bank Branch locations.Free 50 Demand Drafts & 50 Pay Orders per month payable at HDFC Bank branch locations.300 free "at-par" cheque leaves per month
EligibilityCustomer should be Operating Business in online market space.To be eligible for an E-comm Current account you have to be a:
Limited Company/Limited Liability Partnership
Sole Proprietorship
Partnership
Hindu Undivided Family
5 Options for Online E-commerce Business Registration:-
Proprietorship Registration:- its a very simple way to start a business in India. it's a single person business registration and it can be registered quickly. Proprietorship Registration have to take following steps:-
- a) Take Service Tax or VAT (As we Discuss above which business model need these type tax registrations)
- b) Take Chartered Accountant Authorization Certificate regarding nature of the business.Documents Required for the Proprietorship Registration:-
- a) PAN Card of the Partners or
- b) Adhar Card of the Partners or
- c) Voter ID Card
- d) Driving License
- e) Passport Size Photographs
- f) Rent Agreement or Electricity Bills
- g) Security Amount or Guarantor ( In the Case of VAT Registration)
If you confuse about the Documents then you can ask from Legal Expert on MyOnlineCA Android App
Partnership Registration: - Partnership Firm is ideal for those startups who have partners and also doing the part-time job in another company. so its a perfect business formation for them. it's a very easy to start. Partners need Partnership Deed and Basic Documents like PAN/Adharcard/Driving License and Rent Agreement or NOC etc.
Must Read: Registration of Partnership Firm in India Online
Private Limited Company:- Private Limited Company is a most popular business formation in India. its need minimum 2 directors and its hot business formation for the startups because now private limited companies do not need minimum capital requirements i.e is INR 1 Lakh Rupees. the even private limited company easily registered with INC 29 Form. Private Limited Company is ideal for the business which wants to raise the funds from investor because angel investor always preferred private limited companies. In the Private Limited Company entrepreneurs also enjoy the feature of limited liability that is not possible in the case of Proprietorship Firm or Partnership Firm.
Must Read: How to Register Private Limited Company in Delhi
Limited Liability Partnership:- LLP is also the very popular business formation as compared to partnership and proprietorship. The reason is simple i.e is LLP is mixture concept of Partnership Firm and Private Limited Company so the owner can enjoy both of the features like limited liability. so its a best option for any startups in India. but in the case of LLP owners cannot raise funds easily from the angel investors or VC Firms.
Must Read: How to Register Limited Liability Partnership(LLP)
One Person Company:- One Person Company is ideal for the startups which have just only one founder or owner and want a legal status of the company so its a best option to register a One Person Company in India. its a same as a private limited company like liability is the limited and you can enjoy all the company features.
'Get a Wazzeer' to have your Wazzeer serve all these services as a package.
about 3 years ago
View answer
What is the easiest way to get a current account for an eCommerce business in India legally?
-
W Network
caECommerce is trend in India for the entrepreneurs so they want to register their e-commerce business in India. It's a very easy process to “e-commerce business registration“. it's completely online so today we guide you on step by step process to register an online e-commerce business in India.
There are many banks offering many E-comm Current Account This Account is specially designed to cater transaction banking needs for the Customers operating in online market space.
https://www.hdfcbank.com/personal/products/accounts-and-deposits/current-accounts/ecomm-current-account
Follow the above link for easy way to open E-comm Current Account
Features
Free Combined limit(Home + Non-home Branch) for Cash Deposits up to Rs. 3 lakhs per month or 6 times the current months AMB* across all HDFC Bank Branches.Free Cash Withdrawal facility up to 1 lacs per day at any of the HDFC bank BranchFree local/ intercity cheque collection & payment within HDFC Bank Branch locations.Free 50 Demand Drafts & 50 Pay Orders per month payable at HDFC Bank branch locations.300 free "at-par" cheque leaves per month
EligibilityCustomer should be Operating Business in online market space.To be eligible for an E-comm Current account you have to be a:
Limited Company/Limited Liability Partnership
Sole Proprietorship
Partnership
Hindu Undivided Family
5 Options for Online E-commerce Business Registration:-
Proprietorship Registration:- its a very simple way to start a business in India. it's a single person business registration and it can be registered quickly. Proprietorship Registration have to take following steps:-
- a) Take Service Tax or VAT (As we Discuss above which business model need these type tax registrations)
- b) Take Chartered Accountant Authorization Certificate regarding nature of the business.Documents Required for the Proprietorship Registration:-
- a) PAN Card of the Partners or
- b) Adhar Card of the Partners or
- c) Voter ID Card
- d) Driving License
- e) Passport Size Photographs
- f) Rent Agreement or Electricity Bills
- g) Security Amount or Guarantor ( In the Case of VAT Registration)
If you confuse about the Documents then you can ask from Legal Expert on MyOnlineCA Android App
Partnership Registration: - Partnership Firm is ideal for those startups who have partners and also doing the part-time job in another company. so its a perfect business formation for them. it's a very easy to start. Partners need Partnership Deed and Basic Documents like PAN/Adharcard/Driving License and Rent Agreement or NOC etc.
Must Read: Registration of Partnership Firm in India Online
Private Limited Company:- Private Limited Company is a most popular business formation in India. its need minimum 2 directors and its hot business formation for the startups because now private limited companies do not need minimum capital requirements i.e is INR 1 Lakh Rupees. the even private limited company easily registered with INC 29 Form. Private Limited Company is ideal for the business which wants to raise the funds from investor because angel investor always preferred private limited companies. In the Private Limited Company entrepreneurs also enjoy the feature of limited liability that is not possible in the case of Proprietorship Firm or Partnership Firm.
Must Read: How to Register Private Limited Company in Delhi
Limited Liability Partnership:- LLP is also the very popular business formation as compared to partnership and proprietorship. The reason is simple i.e is LLP is mixture concept of Partnership Firm and Private Limited Company so the owner can enjoy both of the features like limited liability. so its a best option for any startups in India. but in the case of LLP owners cannot raise funds easily from the angel investors or VC Firms.
Must Read: How to Register Limited Liability Partnership(LLP)
One Person Company:- One Person Company is ideal for the startups which have just only one founder or owner and want a legal status of the company so its a best option to register a One Person Company in India. its a same as a private limited company like liability is the limited and you can enjoy all the company features.
'Get a Wazzeer' to have your Wazzeer serve all these services as a package.
about 3 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.