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Wednesday, August 29, 2012

Publishing business basics

Basic Steps:
1. Decide name for the company
2. Register the company with ministry - you will need an attorney (Lawyer for that)
3. Register with Registrar of News Papers in India if it's a magazine/News paper. 
4. Study the relevant acts in general or get them known from the lawyer
5. Start publishing

Following are details regarding the same (not that well written) :

-----
Some starts and books;
* Start Your Own Self-Publishing Business (Entrepreneur Magazine's Start Up) by Entrepreneur Press 
* How To Start And Run A Small Book Publishing Company: A Small Business Guide To Self-Publishing And Independent Publishing by Peter I. Hupalo * Art & Science Of Book Publishing by Herbert S., Jr. Bailey * This Business of Books: A Complete Overview of the Industry from Concept Through Sales by Claudia Suzanne
Raja Rammohun Roy National Agency for ISBN
West Block-I, Wing-6, 2nd Floor,
Sector -I, R.K. Puram,
New Delhi-110066



Some new things and the initiatives in the area : Pothi.com

Starting it is easy:

1. Register & Get the license from govt : registering a company details given below.

2. Get yourself ISBNs: ISBN can be taken in bulk and also individuals. Those are free in India and can be taken from Raja Rammohan Roy National Agency for ISBN and if updated please find one from here: http://www.isbn-international.org/agency . This process is free and you need to submit some basic information for the same.
Address is:
Phone: +91-11-26172903/26172916 

and then start printing and publishing.


Registering a company / Starting a company in India : 
Register the company with the government : http://www.mca.gov.in/MCA21/Download_eForm_choose.html

or In general details on Registering a company:
Register a Company
Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories, are vested with the primary duty of registering companies floated in the respective States and Union Territories and of ensuring that such companies comply with statutory requirements under the Act. These offices function as registries of records relating to the companies registered with them, which are available for inspection by members of the public on payment of the prescribed fee.
The Registrars of Companies in different States primarily deal with the Incorporation of companies, change of name of companies, change of financial year, conversion of companies from Private to Public and vice versa, striking off of the names of companies, and default action against companies.
The steps to be followed for registering a private limited or a public limited company are enlisted here.

Steps to be taken to get incorporated a private limited Company:

  • Select, in order of preference, a few suitable names, not less than four, indicative of the main objects of the company.
  • Ensure that the name does not resemble the name of any other company already registered and also does not violate the provisions of Emblems and Names (Prevention of Improper Use) Act, 1950.
  • Apply to the concerned ROC to ascertain the availability of a name in the General Rules and Forms along with a fee of Rs.500/- If the proposed name is not available apply for a fresh name on the same application.
  • Arrange for the drafting of the Memorandum and Articles of Association by the solicitors, the vetting of the same by the ROC and the printing of the same.
  • Arrange for the stamping of the Memorandum and Articles with the appropriate stamp duty.
  • Get the Memorandum and Articles signed by at least two subscribers in his own hand, his father's name, occupation, address and the number of shares subscribed for and witnessed by atleast one person.
  • Ensure that the Memorandum and Articles are dated after the date of stamping.
  • Get the following forms duly filled up and signed:
    • Declaration of Compliance
    • Notice of the situation of the registered office of the company
    • Particulars of the Director, Manager or Secretary
  • Present the following documents to the ROC with the filing fee and the registration fee:
    • The stamped and signed copies of the Memorandum and Articles of Association (3 copies).
    • Form-1, 18 & 32 in duplicate.
    • Any agreement referred to in the M & A.
    • Any agreement proposed to be entered into with any individual for appointment as Managing or whole time Director.
    • Name availability letter issued by the ROC.
    • Power of Attorney from the subscribers in favour of any person for making corrections on their behalf in the documents and papers filed for registration.
    • Pay the Registration and Filing Fee by Demand Draft/Banker's Cheque if it exceeds Rs.1000/-
    • Obtain the Certificate of Incorporation from ROC.

Additional Steps to be taken for formation of a Public Limited Company

  • Consent of Directors to act as such in Form No.29.
  • Arrange for payment of application and allotment money by Directors on shares taken or agreed to be taken.
  • File the Statement in Lieu of Prospectus with the ROC in schedule-iv of the Companies Act.
  • File a declaration in Form-20 duly signed by one of the Directors.
  • Obtain the Certificate of Commencement of Business.
More information can be obtained from the website of the Ministry of Corporate Affairs (External website that opens in a new window)
Search for Registered Companies in India (External website that opens in a new window)

from: http://business.gov.in/howdo/otherservice_details.php


And if you want to start a magazine or news paper you have to register with the Registrar for Newspapers in India (RNI) and starting a news paper: http://rni.nic.in/stapap.asp





References: 
> A good link which mentions and details the documents required to do the same and also gives links for the things which are possible online: http://kumaran.wordpress.com/2006/09/06/procedure-involved-to-start-a-company-private-limited-in-india/

>Introduction to publishing: http://en.wikipedia.org/wiki/Publishing

>And if you are specifically looking for India and a long term game be here in with the Association of Publishers, India.


> List of journals and publications http://nopr.niscair.res.in/

>

7 comments:

Santosh Shakya Maurya said...

SIR i think great information givaen by you , thank you very much

Santosh Shakya Maurya said...

SIR i think great information givaen by you , thank you very much

Santosh Shakya Maurya said...

SIR i think great information givaen by you , thank you very much

RATNADEEP GADE said...

Pimple sir,

thanks for sharing info.

We r thinking to start it , can you pls share yur details so we can talk more deep n precise on my matter.

Ratu
+91 8983528648 Mumbai

Bhagwati Bidasaria said...

I am also based in India. Can I start as a sole proprietor and then write and sell my own books via my website in digital format, pothi.com for Print On Demand and Amazon/CreateSpace for foreign markets?

Is sole proprietorship ok? All income will be taxable to me simply.

Clinker Plant said...

Sir,
I have an author of USA based he wants me to publish his book india .Plz let me know what formalities I need to complete for publish the book.
I have NOC ,Signed Publishing agreement with author.
Do I need any registration with govt, for starting publishing biz,if yes, then from where .Please advise me
My email base1@rediffmail.com
Thanks
Sanjay

Edward said...

Thanks for sharing such a wonderful information with us. We are the company formation company in India.