How to Register your MLM Company Legally in India?

1. How to Register your MLM Company Legally in India? 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: 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 won’t 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: D Documents required for registering a ocuments 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 •Proof of Identity. You can submit a self attested copy of Adhaar card/ Passport, Voter id or Driving license •As a proof of residence, submit a self attested copy of Phone bill or electricity bill •Proof of registered office address is needed. You can submit the Phone bills/Property tax receipt/electricity bill •Certificate issued by registrar of companies, MOM and MOM •TDS statements •Copies of IT returns •GST registration documents, TAN legal MLM company in India: : Requirements for a establishing a private Ltd Requirements for a establishing a private Ltd Company •Registered office for opening a company •Minimum 1,00,000/- paid share capital Company: :

2. •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.