Business Licensing

a) Startup India Registration:

Registering for the Startup India initiative involves obtaining recognition as a “Startup” under the Startup India scheme launched by the Government of India. This recognition provides various benefits and support measures to foster innovation, promote entrepreneurship, and facilitate the growth of startups in India.

Registering for Startup India recognition offers numerous benefits and support measures to eligible startups, including tax exemptions, access to funding, fast-track patent examination, and ease of doing business. By following the registration process and meeting the eligibility criteria, startups can avail themselves of these benefits and leverage the support provided by the government to foster innovation and entrepreneurship in India.

b) MSME Registration (Udyam):

MSME registration, now known as Udyam registration, is a government initiative in India aimed at facilitating the growth and development of Micro, Small, and Medium Enterprises (MSMEs) by providing various benefits and support measures.

Registering for MSME/Udyam is a crucial step for enterprises looking to avail themselves of various benefits and support measures provided by the government. By obtaining Udyam registration, businesses can access financial assistance, credit facilities, tax benefits, and preferential treatment in government tenders, among other advantages. Following the registration process outlined above and ensuring compliance with all requirements will enable enterprises to obtain Udyam registration efficiently and leverage the benefits for their growth and development

c) Professional Tax Registration (PR):

Professional tax registration is a state-level tax levied on professionals, traders, and individuals engaged in various professions, trades, and employment. It is governed by state-specific laws and regulations.

Complying with state-specific regulations, professionals can obtain professional tax registration and fulfil their legal obligations.

d) Import Export Code (IEC) Registration:

The Import Export Code (IEC) registration is a mandatory requirement for businesses engaged in the import and export of goods and services from India. This 10-digit code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.

Registering for an Import Export Code (IEC) is a crucial step for businesses engaged in import/export activities in India. By obtaining an IEC, businesses can comply with legal requirements, access global markets, and avail themselves of various benefits provided by the government for exporters. Following the registration process outlined above and ensuring compliance with all requirements will enable businesses to obtain an IEC efficiently and start engaging in international trade.

e) Registration under Goods & Service Tax (GST):

GST registration is a crucial step for businesses in India engaged in the supply of goods or services. The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India, replacing various indirect taxes levied by the central and state governments.

By obtaining GST registration, businesses can comply with legal requirements, claim input tax credit, conduct interstate sales, and avail themselves of various benefits under the GST regime. Following the registration process outlined above and ensuring compliance with all requirements will enable businesses to obtain GST registration efficiently and start conducting business operations in compliance with GST laws.

f) Foods Licensing (FSSAI):

Food Licensing under the Food Safety and Standards Authority of India (FSSAI) is mandatory for businesses involved in the manufacturing, processing, packaging, storage, distribution, and sale of food products in India. The FSSAI ensures the safety and quality of food products and regulates the food industry to protect public health.

Obtaining an FSSAI License is a critical requirement for food businesses to ensure compliance with food safety and quality standards in India. By obtaining an FSSAI License, businesses can demonstrate their commitment to food safety, enhance consumer trust, and access markets requiring FSSAI-compliant products. Following the registration process outlined above and ensuring compliance with all requirements will enable businesses to obtain an FSSAI License efficiently and operate legally in the food industry.

g) PF, ESIC & Other Registrations under Labour Acts:

Registering for various labour-related registrations under the relevant labour acts in India is essential for businesses to comply with labour laws and ensure the welfare and protection of employees.

By following the registration process outlined above and ensuring compliance with all requirements, businesses can obtain the necessary registrations efficiently and operate legally while safeguarding the interests of their employees.

h) Legal Entity Identifier (LEI) Code:

The Legal Entity Identifier (LEI) is a unique identifier assigned to legal entities participating in financial transactions. It’s a global standard established to uniquely identify parties to financial transactions worldwide

By following the registration process outlined above and obtaining an LEI code from an accredited issuing organization, legal entities can uniquely identify themselves in financial transactions worldwide.

i) SEBI Registrations:

SEBI (Securities and Exchange Board of India) registrations are required for entities operating in various segments of the securities market in India. SEBI is the regulatory authority governing the securities market in India, and obtaining SEBI registration is mandatory for entities such as stockbrokers, portfolio managers, investment advisors, merchant bankers, etc.

Obtaining SEBI registration is essential for entities operating in various segments of the securities market in India to ensure compliance with regulatory requirements and maintain transparency and investor protection. By following the registration process outlined above and complying with SEBI regulations and guidelines, entities can obtain SEBI registration and operate legally in the securities market.

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