Private Firm Registration Act, 1958 (2014)

·         To operate the business by a single promoter, one should apply to Department of Commerce to registered the private firm.

·         The license is issued for five years and should be renewed after that period.

·         Recommendation letter is required from the Chambers of Commerce or District branch of FNCCI to register the Private Firm.

·         Trading business are registered under this act.

·         It is easy to register the Private Firm in DOC since there is no need of AOA or MOA as compare to single promoter private company to be register in CRO.