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Ecommerce License Registration in karnataka

I. Structuring your business

a. As an E-Commerce business Registration in karnataka there are 5 options to register your firm which are as follows-

Proprietorship firm registration – – it's the only sort of registration which needs tax registration like VAT or service tax

Partnership firm registration- Minimum 2 persons with unlimited liability

Private Limited Company License bangalore-karnataka- it's the foremost popular business form

LLP (Limited Liability Partnership) – – it's a mix of Pvt Ltd Company license in karnataka. Partnership firm and enjoys many benefits

One person company- it's almost like PVT LTD Company license in karnataka and requires just one person

After deciding the Structure of business one wish to choose for E-commerce business license in karnataka one must follow the subsequent steps –

II. Registration of the name

To attain the safety for the name under the property Rights, one got to choose a singular name and preferably it's to be separately trademark shielded from an appropriate national registry which provides the prerogative to use that specific name.

III. Attain a privacy policy

Attaining a well drafted privacy policy may be a must for each E-commerce portal to stop itself from being sued under Section 43A of the knowledge Technology Act, 2000 where penalty can reach up to five crores.

IV. Draft the web site Terms and Conditions

For any website to figure it's very essential to draft the terms and conditions agreement which might usually cover all the user covenants and company covenants so as to limit the liability of E-commerce website in every way possible.

V. Make a Vendors Agreement

Making an agreement for vendor with well defined clauses and terms to affect problems like default in product, late delivery, lack in quality etc and lots of other provisions which may be included keeping in mind the business model.

One also must obtain the Payment gateway and Logistics for E-commerce business

In India we basically have 2 sorts of Payment Gateways:-

With no setup fees- Popular but have higher TDRs (examples are Payumoney, PayPal etc)
With setup fees – Less TDRs and faster processing (examples are Payu, Ccavnue)

The documents that require to submitted for obtaining a payment gateway

Bank account within the name of the business
PAN Card of the business
Certificate of Incorporation
Memorandum of Association
Articles of Association
Identity Proof
Address Proof
Website Terms of Use
Website Privacy Policy

Pay the VAT/Service tax to avoid legal embroil to the govt.

VI. User agreement and Data Security

We have been seeing that the majority companies don't feel any significance to take a position in Cyber Security within the beginning of their venture but after running the business for a few time and facing the pros and cons of online business eventually do turn investing in cyber security to save lots of itself from penalties or fines.

Apart from all this a User Agreement also must be drafted in such a fashion that it proves to be beneficial both for the user and e-commerce Company. It should be ready to preserve the user rights and restrict the E-commerce portal because it is an Intermediary.

E-Commerce License Registration in karnataka