Any corporate involved in business in India requires a PAN. Be it an Indian company or a foreign company, a PAN is required for a business to run and earn money.
To better incorporate or revolutionise the way companies are registered in India, SPICe+ form will offer ten services by three Central Government Ministries and Departments.
You must ensure your company has been registered in the correct manner, with all the requirements for your business to be up and running before you launch.
Anyone who is an Indian citizen and has been living in the country for a minimum of 185 days can register a One Person Company.
There are legal procedures involved in setting up a company and you need to adhere to them to have a smooth functioning of things in the future.Â