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Registrations

Some of the common registrations and licenses required for running a business in India include:

  1. Business registration : Businesses may need to register themselves with the Registrar of Companies (RoC) under the Companies Act, 2013, or with the Registrar of Firms under the Partnership Act, 1932.
  2. Goods and Services Tax (GST) registration : Businesses with an annual turnover exceeding a certain threshold are required to register for GST, a value-added tax that is levied on goods and services.
  3. Shops and Establishment Act registration : Businesses operating commercial establishments, such as shops, offices, and factories, are required to register under the respective state's Shops and Establishment Act.
  4. Professional tax registration : Businesses employing professionals, such as lawyers and doctors, are required to register for professional tax under the respective state's Professional Tax Act.
  5. Import-export license : Businesses involved in the import and export of goods may need to obtain an import-export license from the Directorate General of Foreign Trade (DGFT).
  6. Environmental clearance : Businesses operating in industries such as manufacturing and mining may need to obtain environmental clearance from the Ministry of Environment and Forests.
  7. Provident Fund registration : Provident Fund registration is one of the mandatory registrations required for businesses in India with more than 20 employees. It is regulated by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and managed by the Employees' Provident Fund Organization (EPFO).
  8. Labour License Registration
  9. Employee state Insurance registration : ESI registration is one of the mandatory registrations required for businesses in India with more than 10 employees. This act provides social security to employees working in certain factories and establishments.

Failure to obtain the required registrations and licenses can result in fines and legal action, and can also hinder the growth and success of the business. Therefore, it is important for businesses to ensure that they comply with all the necessary regulations and obtain the required registrations and licenses before starting operations.

 
     
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