Definition: A legal document that grants you the right to operate a business in your city. Depending on your business, there are other licenses that may also be required.
Failure to comply with the licensing and permit requirements for the type of business you plan to start in your jurisdictions could result in additional fees, penalty payments, or operational restrictions until conditions specified by the regulating authority have been met. So no matter what you think of the licensing process, don’t neglect it!
Depending upon the type of business you are engaged in, you need different License such as:
- FSSAI if you are engaged in food business activity
- Import and Export code (IEC) if you are doing Import or Export
- Legal Metrology if you are into the business of weighing and measuring instruments and devices
- Drug License if you are dealing in medicines
- MSME if you want to avail benefits of various schemes of Govt.
- Digital Signature (DSC) is a physical signature in an electronic format. Digital Signatures are used in India for online transactions such as Filing Annual returns, Company or LLP Incorporation, Income Tax E-Filing, E-Tenders, etc.
and another license such as Trade License, Shop & Establishment License, Cosmetics License, etc.