Hello Auditor

What licenses are needed for joint venture operations?

Incorporation and Business Registration

  • Certificate of Incorporation from the Registrar of Companies (RoC) under the Companies Act, 2013.
  • Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
  • Goods and Services Tax (GST) Registration for businesses engaged in the supply of goods or services.
  • Shops and Establishments Registration under the respective state laws for office or commercial premises.
  • Professional Tax Registration as applicable in certain states.

Industry-Specific Licenses

  • Manufacturing License from the respective state or central government departments for industrial or chemical operations.
  • Drug License under the Drugs and Cosmetics Act for pharmaceutical ventures.
  • Food Safety and Standards Authority of India (FSSAI) License for food processing or trading businesses.
  • Importer Exporter Code (IEC) from DGFT for foreign trade activities.
  • Telecom License from the Department of Telecommunications for communication services.
  • Mining or Environmental License for natural resource-based projects.

Environmental and Safety Approvals

  • Environmental Clearance (EC) under the Environment Protection Act, 1986, for projects requiring EIA.
  • Consent to Establish (CTE) and Consent to Operate (CTO) from the State Pollution Control Board.
  • Factory License under the Factories Act, 194,8 for manufacturing operations.
  • Hazardous Waste Authorization for units handling or generating hazardous substances.
  • Fire Safety Clearance from the Fire Department based on local building regulations.

Labour and Employment Registrations

  • Employees’ Provident Fund Organization (EPFO) Registration for employee welfare.
  • Employees’ State Insurance Corporation (ESIC) Registration for health and insurance benefits.
  • Labour License under the Contract Labour (Regulation & Abolition) Act, if contract workers are engaged.
  • A Trade License from the local municipal authority for operating commercial establishments.
  • Gratuity and Bonus Compliance under respective labor laws.

Intellectual Property and Sectoral Approvals

  • Trademark and Copyright Registration for the protection of branding and original content.
  • Bureau of Indian Standards (BIS) Certification for quality compliance in regulated products.
  • Securities and Exchange Board of India (SEBI) Approval is required if listed or in financial services.
  • Foreign Investment Promotion Board (FIPB) or RBI Approval if foreign investment exceeds the automatic route limits.
  • State Investment Promotion Board (SIPB) Approvals for JV projects involving state-level benefits or concessions.

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