Important Licences

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License services Provided by Legal Time:

Contact for IMPORTANT LICENSES

What is Shops & Establishment Registration?

All businesses in India are required to register under The Shops and Establishment Act with their respective authorities depending on the place of business.

Shops and Establishment Act is enacted to regulate the conditions of work and employment such as working hours, holidays, leave, opening and closing hours, rest interval of employees, and payment of wages in shops, hotels, restaurants, theatres and other commercial establishments. The Shops and Establishment Act is a State Act & the procedure may vary from state to state. 

Each state in India has framed its own rules for the act, which may differ from state to state. In some states it’s also known as Shops and Commercial Establishment Act.

Commercial Establishments Required to be registered under the Shops and Establishment Act:

  • Shops
  • Residential Hotel
  • Eating-house
  • Restaurant
  • Theatre
  • Places of public amusement or entertainment
  • Other commercial establishments as required by the act

REGISTRATION PROCESS

Step 1: Submit Application

Submit an application in the prescribed form to the Inspector of the area within 30 days of starting any work in your shop/establishment.

Step 2: Date of Commencement of Business

After receiving the application for registration and the fees, the Inspector shall verify the accuracy and correctness of the application. Once suitably satisfied, he will issue a registration certificate of your establishment to you. This certificate is valid for 5 years. And you need to renew the thereafter. After getting the certificate, you will need to display that at your premise.

Benefits

Each state has a DIC Department which creates the policy in the respective state for the all small business. On the basis of Shop License Registration Certificate, you can easily avail the government benefits

Every bank is required a legal entity proof to open a current bank account. Each shop & Establishment has to open a separate bank account for the daily transactions as per the RBI Compliance. So, on the basis of the shop certificate you can easily open a current business bank account.

State government and local municipality conduct regular inspection visits for checking the proper working of shops and establishments along with license as well. If you have the Shop Act license, then you can quickly get over the inspections every time.

Each shop or business required a legal entity proof like proprietorship firm or partnership firm etc. a legal entity proof which gives the right for doing the business in your area or state for the same.

Get a free consultation for License Services by scheduling an appointment with Legal Time.

Documents Required

COMPANY DOCUMENTS

Certificate of Incorporation, MOA & AOA

PHOTOGRAPH

Photograph of the Shop at the entrance with Name Board in local language

PAN Card

Copy of PAN card

IDENTITY PROOF

Aadhar Card/ Voter ID/Passport/ Driving Licence

SUPPORTING DOCUMENTS

List of Directors
Copy of Board Resolution
Address proof of Company

What is ESIC Registration?

ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.

This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary and other benefits from the employer. ESI applicability criteria as per the ESI act is that any employee whose gross salary is upto Rs. 21000 can avail this by the help of the employer. Also, it is mandatory for the employees, labour workers etc having gross salary upto Rs.21000 under such type of industrial unit where 50% to 90% injury or health cause is during company premises. ESI contribution by the employee is 1.75% and 4.75% by the employer. Any Company having more than 10 employees (in some states it is 20 employees).

ELIGIBILITY:

  • Shops
  • Movie theatres
  • Newspaper establishments (not covered under factory’s act)
  • Private educational institutions
  • Restaurants engaged only in sales
  • Road motor Transport establishments

Procedure

Step 1:

We will prepare your ESI application along with a list of employee’s.

Step 2:

After verification of the Application, the government will issue a 17-digit unique number ESI establishment code.

Step 3:

ESI Registration Process takes 10 to 15 days.

BENEFITS

ESI registration is one of the most reliable schemes run by Government of India that covers all risks of the employees working in the organised sector.

A total of 6.5% amount goes towards ESI, out of which only 1.75% of the employee ’s salary, rest is contributed by employer.

Recently, the government has introduced several avenues for healthcare for the poor families covered NHPS, Such as getting benefits under ESI run hospitals and dispensaries.

The ESIC also gives Pehchan smart cards to the ESI members, that enable the insured people and their families to access all ESI dispensaries, hospitals or branches of ESIC across India and avail the subsidised facilities and services.

Get a free consultation for License Services by scheduling an appointment with Legal Time.

Documents Required

COMPANY DOCUMENTS

Certificate of Incorporation, MOA & AOA

PHOTOGRAPH

Photograph of the Shop at the entrance with Name Board in local language

PAN CARD

Copy of PAN card/ Address Proof of Factory/Firm/Establishment

BANK ACCOUNT DETAILS

Copy of bank statement/ Cancelled cheque

SUPPORTING DOCUMENTS

List of Partners or Directors.
Registration Certificate issued under Shops and Establishment Act.
Certificate of commencement of production.

What is EPF Registration?

EPF registration is applicable for all establishment which employs 20 or more persons. EPF registration can also be obtained voluntarily by establishments having less than 20 employees.

The EPF contribution paid by the employer is 6% of (basic salary + dearness allowance + retaining allowance). An equal contribution is payable by the employee. In case of establishments which engage less than 20 employees or meet certain other conditions, as per the EPFO rules, the contribution rate for both employee and the employer is restricted to 10%. For most employees working in the private sector, it’s the basic salary on which the contribution is calculated. It is obligatory that employees’ drawing less than Rs 15,000 per month, to become members of the EPF. employee whose salary is more than 15000 required consent of employer to register under EPF.

EPF Registration is Mandatory by employers as per Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 for the welfare of employees.

EPF Registration Criteria

Factory having the strength of 20 or more persons engaged in any industry

Any other establishment having the strength of 20 or more persons or any other establishment which is specified by the Central Government in this behalf.

PROCEDURE

Step 1:

We will prepare your EPF application along with other documents.

Step 2:

And submit the application with PF Department.

Step 3:

Once it is registered, we will send you the EIC Number.

BENEFITS

The most fundamental benefit of the Provident Fund is to cover the risks employees and their dependents that may arise due to retirement, an illness or their demise.

This scheme is for all the PF account holders. According to it, 0.5% of the salary is deducted from the life insurance premium.

There are many long-term goals such as Marriage or higher education that require the urgent availability of funds. The accumulated PF amount often comes handy during such occasions.

Apart from the employee’s 12% contribution towards EPF, an equal amount is contributed by the employer, which includes 8.33% towards Employee Pension Scheme (EPS).

Get a free consultation for License Services by scheduling an appointment with Legal Time.

Documents Required

COMPANY DOCUMENTS

Certificate of Incorporation, MOA & AOA

PHOTOGRAPH

Latest Passport Size Photograph

PAN CARD

Copy of PAN card of firm/company/society/trust

BANK ACCOUNT DETAILS

Copy of bank statement/ Cancelled cheque

IDENTITY PROOF

Copy of Aadhaar Card/ Voter identity card of Director.

Why Choose us

1. STARTUP’S FIRST CHOICE

We ensure start-ups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery start-ups prefer us to do Company registration.

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We understand the value of money for startups. We offer complete transparency and affordable cost to startups.

4. 100% ONLINE SERVICE

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

5. EXPERT PROFESSIONALS

At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Get a free consultation for License Services by scheduling an appointment with Legal Time.

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