Business Licences
At Probic, we offers comprehensive guide on essential business licenses. In today’s competitive business environment, obtaining the necessary licenses is crucial for compliance and operational success. Here’s a breakdown of the key licenses you may need for your business
- PAN
- TAN
- GST Registration
- Shop and establishment Act
- MSME
- Import and export code
- FSSAI
- Employee State Insurance
- Employee Provident Fund
- Drug license
Shop and establishment Act:
Shop and Establishment registration is mandatory for businesses operating within a state, regulating their working conditions and employee welfare. Eligibility criteria vary by state, but generally, any entity operating a shop, commercial establishment, or office must register. This includes shops, hotels, restaurants, cafes, offices, and other establishments. The registration process typically involves submitting an application form along with necessary documents such as proof of address, identity, and business details. Once registered, businesses are required to comply with labour laws, maintain prescribed registers, and ensure adherence to statutory regulations concerning working hours, holidays, and employee welfare, fostering a conducive working environment.
MSME:
Shop and Establishment registration is mandatory for businesses operating within a state, regulating their working conditions and employee welfare. Eligibility criteria vary by state, but generally, any entity operating a shop, commercial establishment, or office must register. This includes shops, hotels, restaurants, cafes, offices, and other establishments. The registration process typically involves submitting an application form along with necessary documents such as proof of address, identity, and business details. Once registered, businesses are required to comply with labour laws, maintain prescribed registers, and ensure adherence to statutory regulations concerning working hours, holidays, and employee welfare, fostering a conducive working environment.
Import and export code (IEC):
The Import Export Code (IEC) is a 10-digit registration required by individuals or businesses engaged in international trade. It is issued by the Directorate General of Foreign Trade (DGFT) in India. Any entity wishing to import or export goods or services from India must obtain an IEC. The code acts as a unique identifier for tracking international transactions and enables businesses to avail benefits like customs clearances and incentives. The application process typically involves submitting necessary documents such as PAN, bank details, and business registration certificates. Obtaining an IEC facilitates smooth and legal international trade operations, promoting commerce and economic growth.
FSSAI:
FSSAI registration is mandatory for all food businesses operating in India, including manufacturers, processors, distributors, retailers, and importers. It is issued by the Food Safety and Standards Authority of India (FSSAI), a regulatory body responsible for ensuring food safety and hygiene standards. The registration process involves submitting an application with relevant details such as business name, address, type of food business, food category, and details of food products handled. Once registered, businesses are issued a unique FSSAI registration number which must be displayed on food packages. Compliance with FSSAI regulations is crucial to ensure the safety and quality of food products available in the market.
Employee State Insurance:
Employee State Insurance (ESI) registration is mandatory for employers under the provisions of the Employees’ State Insurance Act, 1948. It is applicable to establishments having 10 or more employees (20 or more in certain states) earning wages up to a specified limit. ESI provides social security benefits to employees, including medical care, sickness benefits, maternity benefits, and disability benefits. Employers are required to register their eligible employees and contribute a percentage of their wages to the ESI fund. The registration process involves submitting necessary documents such as establishment details, employee particulars, and bank account information. Compliance with ESI regulations ensures the welfare and protection of employees in case of contingencies.
Employee Provident Fund:
Employers in India with more than 20 employees are generally liable to register for the Employee Provident Fund (EPF). Once an employer crosses the threshold of 20 employees, they are obligated to register their establishment with the EPF organization and begin making contributions to the EPF scheme for their employees. It’s important for employers to ensure compliance with EPF regulations to avoid penalties and legal consequences.
Drug License (Only Tamil Nadu jurisdiction):
The Drugs and Cosmetics Act, 1940 (‘Act’), governs the end-to-end process in India, from manufacture to sale. Under Section 3(b) of this Act, a “drug” encompasses medicines, devices for human or animal use, and substances intended for diagnosis, treatment, or prevention of disorders, including those repelling insects or destroying them.
To prevent abuse or misuse, all person who is in the drug industry must obtain a drug license, alongside trade and establishment registrations. This regulatory framework, complemented by the Drugs and Cosmetics Rules, 1945, ensures quality control from raw material procurement to consumer dispensation.
In summary, the regulatory framework established by the Drugs and Cosmetics Act, 1940, ensures the safe and equitable distribution of drugs and medicines in India.
Connect with us today
Obtaining the necessary licenses is a fundamental aspect of running a successful and legally compliant business. Our team is here to provide expert guidance and support throughout the licensing process, ensuring that you have everything you need to operate confidently and efficiently. Call us or reach out through our contact to schedule a free consultation. Don’t hesitate to reach out to us today for personalized assistance and peace of mind.
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