Knowledge of the business

• Do you have the previous experience in the same business? how many years?
• Product analysis with the questions whether the product under any restricted sales in India eg. Cement, Steel

Growth of the Business

• Growth of the business in India for the next 5 to 10 years?
• Feasibility report of the business and products
• Business plans and projected Financial Product for 5 years

Marketing Strategy

• Marketing strategy is available with target customers?
• Pricing of products and margin available in the product ?

Funds – Working Capital

• Sufficient working capital required for running the business for minimum period of 3 months. The funds can be own fund or bank funds.
• How many months Investment in the business have required, return on investments and working capital funds are available for fixed expense months?

ID Proff

• Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License and Aadhar Copy

Photo

• Latest passport size photograph

Address Proof

• Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Accounts & Operations

• Open a Bank account with one Private bank and one scheduled bank
• Get one accounting software with GST facility

Compliances

• GST registration
• PF & ESI Registration if applicable
• Profession Tax registration
• Import & Export Code registration
• STPI Registration / SEZ registration
• Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Performance

• Review Financial Products performance by every 3 months
• Compare the budget amount with actual Financial Products results

Statutory Obligations

• File GST return every month without delay
• PF & ESI return filing
• TDS Payments & Return filings
• Advance Tax payments
• File income tax return by every year before due date