Our team shall review and call you back in 3-4 hours.
Our team shall review and call you back in 3-4 hours.
Our team shall review and call you back in 3-4 hours.
Fuel Delivery Innovation: Empowering Startups in India In an effort to revolutionize fuel distribution and bolster entrepreneurship, the Government of India has introduced a pioneering policy for Door-to-Door Delivery (DDD) of Diesel (HighSpeed Diesel - HSD). This initiative, championed under the Department for Promotion of Industry and Internal Trade (DPIIT) within the Ministry of Commerce & Industry, aims to harness the potential of startups in facilitating seamless fuel access.
Recognized as "FuelEnts" (Fuel + Entrepreneurs), eligible startups are invited to become "DDD Resellers" through formal agreements with leading Oil Marketing Companies (OMCs) like IOCL, BPCL, or HPCL. These startups, registered and acknowledged by DPIIT, will procure HSD directly from OMC supply locations or retail outlets equipped with loading facilities for mobile dispensers, adhering to PESO compliance standards.
This business-to-business (B2B) endeavor targets a burgeoning demand for HSD among users of stationary equipment such as generator sets, construction machinery, mobile towers, and more. Often lacking storage resources, these customers seek doorstep HSD delivery, presenting a lucrative opportunity for innovative startups.
Under the visionary guidance of the Ministry of Petroleum & Natural Gas, this policy aims to foster entrepreneurial spirit while meeting the evolving needs of consumers. By engaging startups, the government seeks to drive forward-thinking solutions and expand accessibility to essential resources like HSD.
Before starting, it's crucial to make the following decisions: a) Determine the names of Directors and Shareholders. Directors and shareholders can be the same individuals. Minimum 2 Directors/Shareholders are required for Pvt Ltd or LLP, and 1 for OPC. b) Choose a proposed name for the Company, subject to availability with the ROC and compliance with Company's name approval guidelines. We provide assistance in selecting a name. c) Decide on the Share Capital amount and the percentage of shareholding among shareholders. A standard capital recommendation is Rs 1 Lakh. d) Select the business location for registering the Company. Address proof of the premises is mandatory Required Documents for Company or LLP Registration: Each proposed Director/Shareholder or Partner (in the case of LLP) or Nominee (in the case of OPC) must provide the following documents:
Note: a) For OPC: Only one shareholder and a minimum of one Director can incorporate a company with one Nominee (Nominee's age should not be less than 18 years). b) Documents in Sl no 3 are not mandatory if any proposed Directors/Shareholders or Partners have a DIN (Directors Identification Number). c) For Registered Partnership Firm, similar documents are required with 1-2 additional details varying from state to state. Please consult our consultant for details.
After Company incorporation, you will receive below documents
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