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#BusinessLicenses #GovernmentLicenses Download the PDF: http://bit.ly/3EutgIu Call 9941993399 for any clarification Government License for businesses When you are born, you need to get a birth certificate, community certificate, Aadhar card and when you grow up, you would need Voter id, driving licence and Passport. In the same way once you have decided to start a business, you need to comply with plenty of legal compliances. In this article, we are going to understand what are the compliances we need to comply with when starting a Company. A. Company Registration This is the primary process, when you were born, your parents would first get a Birth certificate, this is the conclusive primary proof for your birth. In the same way the primary registration for your business is Company Registration. This is where your business turns as an entity. There are basically 6 types of Companies / business entities. Proprietorship Firm Partnership Firm Private Limited Company Limited Liability Partnership One Person Company Public Limited Company B. Compulsory Licenses Once the company formation is completed, the next activity would be obtaining the mandatory licenses. These licenses vary from business to business. Certain licenses are issued by the Central Government and few are by the State Government. These licenses are compulsory to obtain failing which, there is a threat that even your business may be sealed by Government authorities. Government has the responsibility to always safeguard the public’s interests so it has implemented many regulations to regulate business activities. 1. GST Registration: GST stands for Goods and Service Tax which was introduced in the year, 2016 by the Government of India. This is considered as the greatest tax reform in Independent India which compiles all the indirect taxes and is made as one common tax system named GST. Every business can obtain GST on a voluntary basis. But it is compulsory on the following aspects Businesses with turnover above the threshold limit of Rs. 40 Lakhs A casual trader Person who supplies via e-commerce aggregator Supply of service or goods from one state to another 2. FSSAI Registration FSSAI Stands for “Food Safety and Standard Authority of India. FSSAI Registration is mandatory for every organisation which is involved in the food chain. This certificate is to maintain the food quality and to ensure the safety of the food. FSSAI is compulsory for everyone who wants to do a food business. This license is not only compulsory for organisations which involve in preparing food but everyone who is in the food chain ie., whoever handles food at various stages before it reaches the end customer like raw materials supplier, Manufacturer, repacker, hotels, and even the food delivery partner. There are three types of FSSAI Registrations Fssai central license FSSAI State License FSSAI Registration 3. IE Code IEC stands for Import and Export Code which is a 10 digit code and a mandatory license for organisations which are involved in import-export activities. Every exporter requires the IEC to send shipments and receive money from foreign banks. 4. Pollution Control Board License Tamil Nadu Pollution Control Board is created to ensure that the Industries are working within the permitted limits of pollution levels in state of Tamil Nadu. This Board issues NOC to every organisation which involves in manufacturing and also creates pollution. These No objection certificates are of two steps Consent to Establish Consent to Operate. 05. Drug License Drug License is permission from the government to an organisation that deals with drugs. No organization is entitled to carry on a business activity dealing with drugs or cosmetics in India, unless that organisation holds a valid license which is obtained to carry out that activity. 06. ESI & PF ESI Stands for Employee State Insurance which is applicable to any business organisation with 10 or more employees and are earning a monthly wage not exceeding Rs 21,000 are covered under the scheme. Employees’ State Insurance Corporation is a statutory body established under the ESI Act 1948. And this ESIC is responsible for the administration of ESI Scheme. The ESI scheme is to protect the employees covered under the scheme against financial distress arising out of events of sickness, disablement or death due to employment injuries. 07. Other Licenses There are many other mandatory licenses also that is applicable for certain business activities in Tamil nadu. They are Trade License Shop and Establishment license Fire License Etc C. Recommended Licenses MSME Registration Trademark Registration ISO Certification