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Rules Regarding Buying and Selling Used/ Second Hand PC/Laptops


08-Jul-2024 (In Corporate Law)
Hello Sir/Ma'am, I'm About to Start a Small Business of Buying and Selling Computer Parts, I'm starting by Buying Laptops Worth around Rs.50000/- Total and selling them with Small Margins. Now here are my questions :- 1. Is it compulsory for me to Register a Company as such right now? If not, when is it compulsory for me to do so? 2. I want to give a Bill/Invoice possibly, but I'm only going to sell used items and they don't really come with individual Bills as they are very old, what can i do?
Answers (1)

Answer #1
629 votes
First of all sir, Good luck for your business endeavours and Answers: 1. No there is no compulsion but kindly keep it in mind that a Sole Proprietorship comes with an unlimited responsibility of the business and debt. A One Person Company (OPC) under the Company Act, 2013, therefore is advisable and suggested. 2. You will be required to give the bill/invoice under the name of your firm along with the original box, accessories, bills, flyers, etc. whatever is available and asked to be furnished by the potential purchaser. Please be clear with the accessories and other things available with a particular electronic gadget put up for sale.
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Advocate Nisarg J. Desai

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