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About Incorporation as a private limited or as trader under shop act
26-Aug-2023 (In Startup Law)
Hi Lawyer, I want to start selling t-shirts on Flipkart / Amazon / Snapdeal. As they want VAT / CST no. Company PAN; I will have to get registered as company / LLP. So should register myself as a pvt. ltd. company? (but for which I will have to invest Rs.1 lakh as minimum paid up capital amount). Or should I register myself under shop act? I am from Mumbai.
You can apply for and obtain a VAT/CST number for an individual proprietorship as well. If they specifically require a Company or LLP to be incorporated then you would have to necessarily do so. As of 2015 there is no minimum paid up capital required.
Helpful?
24+
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Hello, You can register yourself ynder shops and establishments Act for a shop license. However, you can also register yourself as a One Person Company to apply for VAT/CST and Company PAN Card.
Please contact us for detailed consultation.
Please contact us for detailed consultation.
Helpful?
11+
11+
Adv. Roshni Lachhwani
Mumbai | 100+ Answers
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