Convert Cash-On-Delivery Customers Into Digital Payers With Payment Links

India is growing digitally. This is true. A lot of us have access to the internet now then we did a couple of years ago. We are also using the internet for a lot of different things than we did earlier. One of these things is transacting digitally.

There is enough data out there to show that Indians are making payments and accepting payments a lot more with every passing month. The fact that there are a wide variety of payment options available today is also enabling us to transact digitally a lot more. 

But while digital transactions are on the rise, it is also true that cash is still king.

Despite the convenience of digital payments, a large number of people still want to use cash. Of course, for a business, digital transactions make life a lot easier. As a business, you would want your customers to pay you digitally.

Your processes become easier for you when they do.  But how do you get someone who prefers to use cash to transact online?

One easy way of doing that is using Razorpay’s Payment Links.

How do Payment Links work?

Let’s say a customer buys an item from your website and chooses the cash-on-delivery option as the payment mode. Now, once you accept the order and while it is getting shipped from the warehouse, you can send the customer a Razorpay Payment Link to make the payment online while they wait for the order to be fulfilled. 

Your customer can choose any of the available options like cards, netbanking, UPI or wallets by clicking on the Payment Link.

It’s simpler for them and better for you, isn’t it?

Creating a Payment Link is very easy using the Razorpay Dashboard. All you have to do is log in to your Razorpay Dashboard and create a Payment Link. This link can then be shared easily with a specific customer or with multiple customers.

The best thing is that you can integrate Razorpay Payment Links with your chatbot. This integration will save you a huge amount of time and effort. It makes sharing links with specific customers very easy. 

[Suggested read: How E-commerce Companies Can Reduce Abandoned Carts]

Razorpay Payment Links come with a host features.

  • Social media sharing
  • Partial payment acceptance
  • Zero payment gateway integration

The cherry on the cake is that there is no additional charge or fee to create payment links. The standard transaction fee of 2% on the transaction amount is applicable.

That’s it! So, go ahead and use Razorpay Payment Links to turn your cash-on-delivery customers into digital transactors.

Here’s How Social Media Sellers Can Accept Payments Without a Website

From Facebook marketplace to WhatsApp broadcast, social media has become quite a trendsetter in terms of providing a platform for small business owners and social media influencers to sell their products. 

Today, we can find hundreds and thousands of sellers on various platforms promoting and selling their products on social media.

It is unlikely that a social media seller has a website integrated with a payment gateway to accept payments from the customer. 

How can a seller achieve this? Through Razorpay Payment Links. 

Whether you have a website or not, you can accept payments online from customers on social media by sharing your Payment Link with them.

It’s that simple!

Generate a link from the Razorpay dashboard and send this link to your customers on platforms like Facebook, WhatsApp, Instagram, and more.

Razorpay Payment Links is 100% PCI DSS compliant.

 
  • Log in to your Razorpay dashboard and click on Payment Links 
  • Enter the particulars and create your link 
  • Share it with your customers and get notified about the payments

There’s more you can do with Payment Links.

Batch upload

If you have to sell to hundreds of customers, you don’t have to worry about creating every single link manually. Simply upload a .csv or Excel file and save plenty of time and effort. For bulk orders, you can provide your customers with the flexibility of making partial payments.

Your customers can choose many payment modes to make their payment to you.

  • Debit card 
  • Credit card
  • UPI
  • net banking
  • wallets 

Also read: How to Sell Online Without a Website

More benefits of Razorpay Payment Links

  • Automate the generation and collection of payments
  • Receive webhook notifications for all payments
  • Receive data, insights, and reports
  • Customize the look and feel of the checkout page

There is no additional charge to create these links. Only the standard payment gateway fees of 2% per transaction apply.  

Take your social media selling up a notch with Razorpay and give your customers a wide range of payments methods to choose from.   

 

 

Learn How to Sell Event Tickets Online Without a Website Using Payment Pages

Imagine this. You’re hosting this amazing event. And this is the kind of event that many want to go to. If you’re wondering how to sell event tickets online without a website, read on.

It doesn’t really make sense to create a website just for the sake of this event. You’ll end up spending big big bucks on developers, on hosting your website.  Let’s not even talk about a Payment Gateway integration. Although worthwhile, can be expensive and time-consuming.

And what will you do after the event of over? Will you just keep hosting your website for no reason? 

That doesn’t sound right. 

Let’s tell you what you can do instead. You can get the functionality of a webpage that can be customized to suit your brand.

And, this page is not even hosted by you, and it still accepts online payments for you.

How, you ask?

Let’s introduce to you, Razorpay Payment Pages You don’t need a website. You don’t need a payment gateway. You don’t need to spend huge amounts of money. 

All you have to do is create your Razorpay Payment Page from the Razorpay dashboard, customize the page to suit your brand, choose the details you want to capture from your customers, and share the Payment Page with them on email, social media, and more!

Here’s how Razorpay Payment Pages helps you sell tickets.

Razorpay Payment Pages helps you with end-to-end payment collection by allowing you to create your page without you having to host it, still allowing you to have a custom URL, which is an extension of your business. This is going to bring down your cost by a lot.

You can capture customer data the way you want, with particulars you decide.  Your Payment Page is not hosted by you and yet allows you to have a custom URL!

You have access to a dashboard that gives you detailed reports for payments collected via the hosted page. 

And best of all, it will take you absolutely no tech expertise or effort to build yourself a Payment Page and go live.

What if you already have a website?

Simple!

Just link your Payment Page to your website where you need to accept payments, and it will work just like a payment gateway without the hassle of integration!

All of this with complete security since Payment Pages is a part of the Razorpay’s core platform. Your Payment Page is secured by an industry standard 100% PCI DSS compliant and certified solution.

More benefits of Razorpay Payment Pages

  1. Automate the generation and collection of payments using Razorpay’s powerful APIs
  2. Receive webhook notifications for all payments
  3. Receive data, insights, and reports on the Razorpay dashboard
  4. Support for international payments in 100 foreign currencies

Host your event without worrying about payments, and focus on making your event a superhit! Get started with Razorpay Payment Pages and never worry about accepting payments again!

 

How E-commerce Companies Can Reduce Abandoned Carts

If you run an e-commerce business, surely, the one thing you hate the most is abandoned carts. Shoppers often add items to their cart, but don’t complete the checkout process. It’s frustrating for you as a business owner.

But cart abandonment can happen because of a lot of reasons.

One of the most prominent reasons is failed payments. Your customer’s internet connection might have gone down at the time of making the transaction or they might have entered false payment details by mistake.

The reasons for failed payments are also many, but the solution is one — Razorpay Payment Links.

Razorpay Payment Links are individual links that you can send to your customer for a specific payment. You can customize these links as per your choosing. To address the case of failed payments or abandoned carts, you can empower your telesales team to create a payment link for your customer and send it to them via

  • SMS
  • WhatsApp
  • Email
  • Chatbots
  • Social media

Once your customer receives this payment link, they can make the payment using

  • Credit card
  • Debit card
  • Netbanking
  • UPI
  • Wallets

Your telesales team can easily create payment links through Razorpay Dashboard. Here’s what happens when you create a payment link.

  1. Log into your Razorpay Dashboard
  2. Create a payment link
  3. Share the payment link
  4. Get paid by the customer
  5. Get notified about the payment

It is as easy as that. Your telesales team can create payment links for multiple customers in one go as well. All they will need to do is upload a .csv or .xlsx file with the data.

What’s more, if your customer is unable to make a large payment at once, you can use Razorpay Payment Links to provide the facility of paying in parts!

The best thing about Razorpay Payment Links is that there is no additional charge to create them. Just the normal transaction fee of 2% applies on the payments you receive.

This is how Razorpay Payment Links can truly transform the telesales function in your organization.

 

How to Sell Online Without a Website

Online sellers, especially the ones using modes like Facebook, Instagram, and other social media sites, emails, Whatsapp, DMs, and more to sell their products, often find it difficult to sell online without a website. 

Are you one of those online sellers who needs a simplified solution to accept payments from your customers?

Don’t worry, we won’t tell you a long, boring story about one particular situation which you may or may not be able to apply to your own.

A lot of people want to sell online but are unable to do so because getting a website is a major investment and integrating a payment gateway requires deep tech knowledge. That is the problem statement. And since we have stated the problem statement, we’ll state the solution as well.

We’ll take you through accepting online payments from your customers as you sell your products to them, online!

Small and medium-sized entrepreneurs can take their business online and accept payments with limited technical knowledge and even less set-up time. Let’s talk about one solution that works perfectly to fit your needs.

Introducing Razopay Payment Pages

A page that is not hosted or developed by you, but has your branding, and accepts online payments for you – Razorpay Payment Pages is literally just that! 

Whether you have a website or you don’t, whether you have an app or you don’t, you can still accept payments online through Payment Pages. You can effortlessly create a Payment Page in less than 5 minutes, go live and start accepting payments from your customers, without any support.

Let’s go over some features.

Razorpay Payment Pages is built to accept end-to-end payments. You can do so without having to host it, while you can still have your custom URL per your brand! How amazing is that?!

Mind you, this has brought down your cost by substantial value.

The best part is the dashboard. Capture customer data the way you’d want, with particulars you decide. Use the dashboard to get insights for payments collected via the hosted page. And, it will take you absolutely no tech expertise or effort to build yourself a Payment Page and go live.

Razorpay already has a few templates you can choose from, but if you feel like you want to take a crack at it, feel free to create your own. All you have to do is log in to your dashboard, create a Payment Page, and choose what customer data you want to capture. 

Build your custom URL and send it to your customers over SMS, email, social media, and more. Sit back, relax, and let Razorpay do its thing.  

If you have a website, just link your Payment Page to your CTA, and there you have it!

All of this is with complete security since Payment Pages is a part of the Razorpay’s core platform. Your Payment Page is secured by an industry standard 100% PCI DSS compliant and certified solution.

Razorpay Payment Pages also supports international payments in 100 currencies. Razorpay Payment Pages boasts of 700 customers with the likes of Schindler, Swiggy, Don Bosco School, BMW Financial Services, Nestaway, Testbook, and FinanceBazaar, among others.

 

Registering a One Person Company (OPC) in India

A One Person Company (OPC) registration allows individuals to set up a company and enjoy its benefits, without needing a host of employees. Such a company also brings about limited liability for the individual. 

In order to pursue an OPC registration in India, individuals must follow a series of steps. 

Apply for a DSC

A Digital Signature Certificate is a vital document for those who want to register their company. As the main signatory authority of your company, you must submit the following documents to a Certified Authority (CA) in order to get your DSC:

  • PAN Card
  • Aadhar Card
  • Address Proof
  • Phone Number
  • Email ID

Apply for a DIN

Once you have received your DSC, you must then apply for the Director Identification Number (DIN). You will need to fill out the SPICe form and supply the address proof and ID proof of the director. This form can be used for up to 3 directors. Keep in mind that the DIR3 form is only meant for companies that already exist. 

Apply for name approval

After getting the DSC and DIN, you must apply for name approval. The name of your company will follow the format of [Name] (OPC) Private Limited. You can either get the name approved while filling out the SPICe form, or through the RUN web service that is available on the MCA website. You must submit one preferred name, along with a few other name options. Once you receive the approval, you can move on to the next steps.

Prepare the required documents

In order to register your company, you need the following documents to be in order:

  • Memorandum of Association (MOA) – this document highlights the objectives that the company aims to follow
  • Articles of Association (AOA) – this document highlights the by-laws within which the company plans to operate
  • In an OPC, there is generally 1 person and 1 director, so you must appoint a nominee in case something unfortunate happens. The nominee must offer their consent in form INC-3 and submit his/her PAN and Aadhar card
  • Proof of ownership, proof of registered office, and an NoC from the owner
  • Consent and an affidavit of Form INC-9 and DIR-2 from the proposed Director
  • A declaration that certifies that all the compliances have been made

Fill the forms on MCA

The required documents mentioned above must be attached to the SPICe Form, SPICe-MOA and SPICe-AOA on the MCA website. Once that is done, the application process will be complete. The Registrar of Companies will then verify all the documents and forms and then approve them. 

These steps will help you register your company as an OPC.

Who is eligible to form an OPC?

The good news is that anyone who is an Indian citizen and has been living in the country for a minimum of 185 days can register an OPC. However, it is important to note that if you do register your company as an OPC, you cannot register it as a private company or a public limited company for at least 2 years from the date of incorporation.

Also read: How to Register a Business Online in India

Here’s the Next Big Thing: Quora Marketing for Business

These days when you google a topic to find an answer about something, have you ended up reading an answer on Quora? Or even further, have you opened the Quora app and did not realise how time flew by? This is the power that the booming platform of Quora has! 

Quora entered the market about eight years back and it has kept widening its offering since then. Something that just started off as a question-answer platform today has about 400 million monthly active users.

Read this article further to understand how can you use Quora marketing for business and make the best of all your efforts!

Before you start Quora marketing for your business…

First things first, one of the most important steps is to create an account and fill the pre-requisites

1. Creating your Quora account: Start this exercise by creating your Quora account, if you already don’t have one. You can choose to sign up via Google, Facebook or simply by your email ID. 

quora marketing

PS: Always use your real name and photograph and make sure to give it a human touch! This will help you increase your credibility.

2. Follow your interests: Now that you have created an account on Quora, you will be prompted to follow a minimum of 10 topics that match your interests. 

quora marketing

3. Follow ‘Spaces’: Quora has recently launched something called ‘Spaces’. These are communities that share the same interests. You can choose to be a part of some or simply skip the step.

quora marketing

4. Let people know your expertise: Within seconds, your account will be created. The next step is to add your areas of expertise. 

quora marketing

Tip: Add the topics you know well about. Remember, you will see what you choose! 

5. Update your profile: One of the prerequisites before you consume and share knowledge is to add basic details about yourself. Update your profile photo and add your employment and education details. Be authentic about yourself!

quora marketing

6. Build your network: Now that you are all set with your profile, get in touch and connect with people who share the same interests as you. Also, explore and understand what your target group is looking for and once done, start answering! 

There you are! Welcome to the world of questions and answers. 

If you are new to the platform, here’s a quick glossary to help you navigate well. For the ones who are already busy answering, get a quick recap!

  • Upvote: A quick call-to-action which a reader hits, if they find an answer useful This can be achieved by writing descriptive answers, using easy language, inserting images and so on. 
  • Downvote: Exact opposite to upvote is ‘Downvote’. A person might downvote an answer if they find the content to be irrelevant. It can also be the case if you are trying to be too promotional, unethical or writing something that is  discriminatory or demeaning.
  • Share: Just next to upvote is something called ‘Share’. An individual or you can share an answer on their Quora profile or any other social media if they find it insightful! 

quora marketing

  • Thanks: Some people have this innate feeling of thanking someone if they stumble upon a really helpful piece. Quora helps you to virtually ‘thank’ people! 
  • Suggest edits: Let’s say you come across some information that is wrong or misleading. You can easily suggest edits to the author so that people can consume the right knowledge. 
  • Bookmark: If you find something that you wish to keep for future reference, simply ‘bookmark’ it. Quora makes it easy to find specific content for you! 
  • Report: Last one for now! Since this is another social media platform, there is a high probability of people creating fraudulent accounts for sharing wrong/illegal information. In this case, you have the power to report the content and Quora moderation takes care of the next steps! 

quora marketing

Quora marketing for business: Key takeaways

  • Communicate with your audience: Now that you are well versed with Quora, the next crucial thing is to nurture your audience effectively. Always keep your tone conversational and abstain from sounding pushy. Market your product/ service in a subtle manner and gain credibility. 
  • Stay up-to-date: Make sure to keep your profile updated. Also, while you answer questions, make sure to pitch in real-time! Be a part of trending conversations and feed people with realistic and factual information! 
  • Focus on increasing followers: Once you start answering frequently, move your focus to increasing your user base. Invite people to follow you and keep fighting to get maximum visibility. 
  • Share ideas & experiences: People like to read and hear experiences. Share practical and real knowledge. Invite your audience to put their faith in you and your brand. At last, redirect them to your company’s website or blog!
  • Use images & videos: While most of the written content makes place on Quora,. you must also experiment with visuals on Quora. Create beautiful infographics and short videos and link them with your answer. There are times when illustrations convey what written text cannot!
  • Link your social media accounts: While the world is moving at a fast speed, it is important to establish yourself and the brand across platforms so that you get spoken about! Interlink your social media accounts and invite people to connect with you. 

Tip: Such activities pick up slow, but once they do, they are a big asset to your brand! 

  • Do competitor analysis: Just like you have taken a step to make the best of Quora marketing for your business, there are chances that your competitor has too! Keep a close eye on what type of content they are sharing and make sure you outshine them!
  • Never promote your brand: Let us accept the fact that the end goal is to spread awareness, yet you need to make sure to not be another promotional forum. The key is to NOT promote your brand but subtly talk about the offerings. Let people find the way from in between the lines and gradually, navigate them to your channel!
  • Accept questions from your audience: Another recent update that Quora has got is the one where you can start taking questions on a particular topic in a fixed time frame. As you start with this, Quora notifies all your followers, offering you a channel to have one-on-one interaction!

Statistics at a glance

  • There are about 400 million monthly active users on Quora and this number is expected to soar even more
  • Out of these, Indian users account for about 15 million active users 
  • Quora has an estimation of having about 4,00,000 topics
  • On an average about 3,000-5,000 questions are asked on the platform each day

These are just some of the statistics we have curated to give you an overview of the potential the platform holds!

What’s more to Quora for business

After knowing the howabouts & the best practices to make the best of Quora marketing for your business, here are some quick tips you can follow to make the best of your efforts:

  • Quora messages are a good option to strengthen relationships and reach out to an audience specifically
  • Track metrics like upvotes and views on a timely basis and evaluate what type of content works the best for your audience
  • Quora blogs is also a good option to post long form quality content
  • Toggle between languages, if need be and cater to readers’ needs by answering in their preferred language. Vernacular is the future of the web world! 

Wrapping Up…

To mark a full stop, it is not wrong to say that Quora is the platform built for the future. With so much of information shared each day on the web, creating and establishing a persona for yourself is no cakewalk. 

People are looking for recommendations, features and experiences from real users and builders of products before making a move and Quora, as a platform has proven to be efficient enough to calm many quests!

All you need to do is make the best of Quora for business and plan your roadmap to success now!

Also read: Your Ultimate Guide to Video Marketing

 

The Make In India Scheme – Sectors, Programs Launched and Achievements

Ever since its launch almost 5 years ago, the ‘Make in India’ program has been in talks not just in the diplomatic or business circles but also amongst the commonfolk. People now have more hope regarding job opportunities and opportunities in general to grow.

The basic idea behind the whole scheme was to increase the manufacturing units in India of not just Indian companies but foreign companies as well. The idea was to create tax benefits for the companies and make the manufacturing of foreign goods cheaper. Let us take a look at some of the major developments and achievements in the different sectors. 

Sectors listed under ‘Make in India’ scheme

The criteria of identifying the sectors for this scheme was to choose sectors that see the maximum foreign investment. 25 sectors were identified in this way and the government promised to give the push it required to ensure that more and more foreign investments took place.

Automobiles Mining 
Automobiles Components Oil and Gas
Aviation Pharmaceuticals
Biotechnology Ports
Chemicals  Railways
Construction Renewable Energy
Defence Manufacturing Roads and Highways
Electrical Machinery Space
Electronic Systems Textile and Garments
Food Processing Thermal Power
IT and BPM Tourism and Hospitality
Leather Wellness
Media and Entertainment  

India has always had incredible potential, which needs to be tapped into. This is what the ‘Make in India’ scheme was formulated to do. The scheme aims to create a huge economic boom and allow India to make a name for itself as a manufacturing hub.

Within months of its launch, the scheme garnered huge interest from investors and had the potential of raising more than Rs 2,000 crores at that time. However, ever since that, the government has received serious flak for not walking the talk. The labour and policy reforms required to benefit this scheme were not given the green light and hence the scheme never really took flight. 

In recent years, it has seen some improvement and achievements that are significant to the growth of the scheme. The government has made some reforms in general that help the ‘Make in India’ in the larger picture. 

  • GST has reduced production costs and has considerably lightened the procedural system involved in tax
  • Just like ‘Make in India’, ‘Digital India’ was another scheme launched by the government. This scheme got a serious high post the Jio boom, prompting more people to go digital. It has made the online systems even better
  • To help businesses out during tough times, the Insolvency and Bankruptcy Program protects them through an incredibly agile restructuring mechanism
  • The Jan Dhan Yojana now aims at providing financial cover to all citizens
  • The liberalisation of FDI (Foreign Direct Investment) has directly resulted in getting much bigger investments. Moreover, it has also helped in creating more job opportunities
  • Bharatmala Pariyojana Programme and Sagarmala Programme are focusing on the issues of connectivity
  • BharatNet focuses on providing digital connection to the rural parts of the country
  • India is No.4 in generating wind power and No.6 in solar power

Programs launched in prominent sectors

Automobiles and Automobiles Components

Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (Fame) and National Electric Mobility Mission Plan are the two best programs launched to promote the production and use of electric cars. Multiple R&D centres have been set up and special regulations have been put in place for FDI. As a result, ISUZU Motors, Mercedes, Tata Motors and Suzuki Motors have started their manufacturing units in different parts of the country. 

Aviation

The aviation industry has seen a huge boom in the number of passengers travelling by national airlines. The UDAN program has been launched to improve connectivity to local areas as well. Cargo terminals usable by normal people have also been introduced in 13 different cities.

Construction

Under different schemes, the government has focussed on providing the basic infrastructural facilities. Under Pradan Mantri Awas Yojana, 1.7 million houses have been constructed. Also, in this sector an incredible number of people are employed with the count now standing at 35 million.

Electronic Systems

This sector has seen the biggest surge in many ways as 38 different manufacturing units have been launched in India over the last few years, resulting in close to 40,000 jobs. 99.56 lakh people have enrolled in the training programs conducted by government facilities. 

Food Processing

RBI has classified loans to food and agro-based cold chain companies under Priority Sector Lending, allowing more cash flow for entrepreneurs. 88 out of the 134 cold chain companies sanctioned are now operational. 42 mega food parks are coming up with each one creating 5,000-6,000 job opportunities. 8 of them are already functional.

IT

India has seen a huge surge in equity FDI inflow. It has increased from $2.3 billion to $5.9 billion. 

Renewable energy

India has the biggest solar power plant in the world, located in Tamil Nadu with a capacity of 648 MW. 140% in the solar power generated and 34 solar parks have been sanctioned to make it the next big thing in India.

Tourism and Hospitality

India has risen several ranks in terms of Travel and Tourism Competitiveness Index. There has been Rs 200 billion increase in the Foreign Exchange Earnings as well. 

With so many industries flourishing and with scope of much more improvement, the ‘Make in India’ scheme has been successful in many ways. However, it is still too far from the stage that the government had promised to reach in these many years. The government will have to come up with more schemes to ensure that more companies start investing in India in a huge way. 

Also read: GST Rules for Start-ups in India

How to Use a Digital Signature Certificate to Sign a Document

A digital signature certificate (DSC) can help you sign a document online, which means that you do not have to be physically present in order to submit an important form. 

DSCs are so commonly used now that you can carry out a host of important chores online, including government related work, by using your DSC. It certainly makes it so much more convenient to be able to do things from home. One of the most common applications of a DSC is to register a new company or business. Thus, if you are planning to be a part of India’s start-up culture, you need a DSC to operate. 

Procedure to get a DSC

There are two main ways of getting a DSC – offline and online. In order to get a DSC through offline methods, all you need to do is visit your registered Certified Authority (CA). 

As a registered CA is the only one who can issue these documents. You can find out if a CA is authenticate or not by cross checking whether their name is listed on the website of the Ministry of Corporate Affairs under the registered CAs list. 

To get your DSC through a CA in person, you must:

  • Make an appointment with the CA
  • Bring along essential documents like your Aadhaar card and PAN card
  • Fill out the required forms and pay the fees quoted by the CA

Keep in mind that if you have eKYC documents that are linked to your Aadhar Card, you may not need to hand over physical copies of the same. 

Another way to get your DSC is by applying for it online. In this case, you must go to the website of the registered CA and click on the section on DSCs. Then, you need to click on the type of DSC you need and based on the same, you will be presented with a form. You may save the form to your computer and then fill it out. 

After you have filled out the form, you must make a cheque or demand draft in the name of the Local Registering Authority (LRA). Place both–the form and the cheque or DD–in an envelope and mail the same to the office of the LRA. 

Typically, it takes 2 days for the DSC to be approved. Once that is done, you can use it for anything you need to. 

Using a DSC to sign a document

Once you have your DSC, you can use it to sign a document quite easily. 

If you are trying to sign a PDF document, you have to start by opening the PDF in Adobe Acrobat Reader. Click on the tools option, and then select the certificate option from the menu that appears. On doing so, you will see a menu bar appear. This menu bar will contain three options – digitally sign, time stamp and validate all. You must click the digitally sign option.

Next, a dialog box will appear. Click ok and you will then see a plus sign appear on the mouse’s pointer. You must use the mouse to drag a box on the area where you want your signature to appear. When you make the box, a dialogue box will appear asking you to select the DSC of your choice. Click on the required DSC and then click sign. 

Once the signature has been placed wherever you need it to be, you can then save the PDF as a signed copy and then send it back to whoever you need to send it to. 

Similarly, if you want to digitally sign a MS Word document, you must open the desired document, scroll down to the end of the document where you want the signature to be placed and click once so that the cursor appears. Then, click the insert option from the menu bar. You’ll see another option saying Signature line, click that. A dialogue box will appear and you must click ok. Then, another dialog box will appear asking you to select the desired DSC, the same way it did with the PDF. Select the desired signature, and then click Sign. You will then see the signature appear in the document. Save it and then share it with the concerned party. 

Signing documents digitally with a DSC is as easy as that!

Also read: How to Install SSL Certificate on Your Business Website

How to Register a Software Company in India

With the technological boom seen in India, more and more software companies are coming up in the country. Bangalore, Gurgaon, Noida, Hyderabad, Kochi, Mumbai and Pune have some of the best IT parks in India.

A plethora of companies are getting established every other month In India, which has now become one of the major contributors when it comes to the software and IT industry. Health IT specialist, computer forensic investigation, IT support, cloud architect, web development and engineering are just a few of the many aspects of this huge industry that one can work in. 

Naturally, with so many fields to explore, opportunities that lead to the budding of new companies in India increase. With Start-up India getting a huge push from the government, an incredibly large number of people are coming up with their own companies. 

However, not many people are clear about the process of setting up a company. There are legal procedures involved in it and you need to adhere to them to have a smooth functioning of things in the future. 

The basic procedure involves two steps where you get your company identified in the legal system of India. For that, you first need to get the consent of a registrar for the name of your company from the Registrar of Companies (ROC). Once you are done with this, you need to get your Company Identification Number (CIN). 

Post this, you need to submit all the legal documents with the concerned departments and fill up all the necessary information in the forms. You need to fill the information regarding shareholders, capital generated and the number of directors involved in the company. Make sure that the directors are not less than 2 and not more than 8. 

Now that you know the basics, let’s take a look into a more detailed view of steps involved in it. 

Legal process during the pre-registration phase

In the pre-registration process, your basic focus should be on three things:

  1. Director Identification Numbers
  2. Reservation of Company Name
  3. Electronic Signatures

When you start a company in India, the first thing you need to identify is the number of directors in your company. Every director should have their own Director Identification Number. If the directors do not already have their DIN, then they must apply for it. An identity proof and residence proof is enough to get this. You can use your PAN Card, Passport or Voter ID as your ID proof and your DL, electricity or telephone bill can act as your residence proof. 

The next step involves you applying for a name for the company. You can choose from a set of names available or you can come up with your own name. 

Once you finalise the name, you have to now go for the process of incorporation. For the incorporation process, you need to create a Memorandum of Association that includes details of the first director and company’s operations. You have to do this whole process online and if you are a bit confused about the whole process, you can easily do it with the help of a chartered accountant. 

Once you get the Certificate of Incorporation, you now need to open a current account in a well-known bank. For this, you need to attach copies of your Memorandum of Association and Certificate of Incorporation. 

The Digital Signature Certificate (DSC) is a safe method to keep all the electronically supplied information safe and secure. The Information Act (2000) asks for a valid signature for this process. The key thing you need to keep notice of is that you must get it from an authorised agency only. To stay away from any counterfeits, make sure that you get it done only from an agency that is appointed by the Controller of Certificate Agencies. 

An unlawful DSC can land you in a lot of trouble. Furthermore, you need to keep track of the validity of the certificate, as every certificate has just 1-2 years of validity after which you have to renew it. 

Setup an account in the MCA portal

The next step is to setup an account in the MCA (Ministry of Corporate Affairs) portal. It is an important step to make valid online transactions and you can do it easily with an online process. The whole process is completely free of cost. 

Steps to keep in mind while setting up your software company

  • You need to mention the type of business you are aiming to be, the type of product you are aiming to sell and your target audience. You also need to mention the technology you will use in the whole process
  • You need to identify the way you want to list your company; as a proprietorship or a private company or as a partnership. You need to plan according to your capital, goal and other aspects involved in the business like the size of the firm, the expected output and so on
  • In India, some states have different set of rules for business. Therefore, identify the state in which you intend to start your company and then study the details at length
  • Register your company to the ROC in the same state where your head office is setup
  • Without the certificate from ROC, you cannot start your hiring process so make sure that is well in place
  • You may register in a state or regional Department of Employment for an easier experience of hiring. This can help you recruit from any part of the country
  • Since there are so many technoparks in India, it is better you register under STPI (Software Technology Parks in India) to get a better reach for the business and tax benefits in general

All these tips will definitely help you setup your software company without any glitches. You need to follow all the legal procedures to ensure a smooth functioning of your company. Since the hiring processes too depend on that, following the legal process down to the T becomes even more important.

Also read: How to Choose a Company Name for Your Business