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Section 4
Application to obtain a license
: (1) A company wishing to conduct a business related to the direct sale or distribution of goods shall submit an application to the department in the prescribed format by submitting the following documents or details in order to obtain a license -
(a) Name of the Company,
(b) Certified copy of certificate of company registration, memorandum and articles of association,
(c) Copy of Value Added Tax Registration Certificate as per prevailing law,
(d) Detailed action plan regarding direct sale of goods, dividend, commission sharing plan,
(e) Other details as specified.
(2) The paid-up capital of the company requesting a license as per sub-section (1) shall be at least one crore rupees.