I want to open a web hosting reseller and domain reseller business in India. I will be purchaseing hosting space and domain from companies in United states. My question is what all legal laws applies on import of hosting space (service) and internet domain (product) to india. Please answer this question with references of web links of rbi website.
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1. You shall have to start your business by forming a proprietorship or partnership firm or pvt. ltd. company,
2. You shall have to comply with all the rules and regulations to be followed while conducting business in India viz, opening Bank account, having sale tax & shops & establishment registration, PAN card etc,
3. The procedure proposed to be followed by you for doing the web hosting business by hiring server space from USA company is the usual way to do the same business in India.
1. The business can be commenced by forming a company, partnership or sole proprietorship.
2. You will be liable to obtain registration if your turnover from services is exceeding Rs.10lakhs and also your service is liable to service tax as per section 65 of the Finance Act,1994.
3. Get a flawless agreement drafted by your lawyer as your rights and liabilities in the event of a dispute will flow out of it.
1) you have to decide whether you want to run business as proprietary concern or as partnership firm or ltd company
2) if you are planning to do business as partnership firm get ir registered with Registrar of Firms .
3) if you want to form a company then it has to be registered with registrar of companies .
4) you will have to follow procedure laid down by banks for opening bank account in name of your concern , register under shops and establishment act etc
5)you have to hire server space from USA company for doing web business in india
