In India, a business license is needed when you start a new business entity. There are actually various forms of business licenses needed for various activities carried out by a business. e.g. GST, UDYAM, FSSAI, IEC, TRADEMARK ETC. Major authority governing licensing is Ministry of Corporate Affairs, which regulates which name you will be allowed to keep for your business and also the activities you are allowed to do in your company.
The process of obtaining license changes from one type of business to the other, based on various determining factors like the number of employees, sector, the type of business, the place of business etc. In this little article, we look at some of the most commonly obtained licenses or registrations for a business. To determine the exact requirement for your business, get in touch with our 911 Consultancy Team.