A BRIEF VIEW OF ONLINE SHOP AND ESTABLISHMENT LICENSE IN INDIA

To establish a shop, theatre, public amusement places or any commercial places in India, Shop and Establishment License online is essential, the documents needed is incorporation certificate registration under Shop and Establishment ACT.  Thelicense is needed for the registration of shop and establishment.

The main motto of Shop Act Licence is to protect the rights of the employees with proper working conditions and safeguard the wages, rights and holidays.  This license regulates most of the business establishments such as shops, restaurants, cafes etc.  The rules and regulations may vary from state to state.

Theimportance features and compliance to obtain Shop and Establishment licence to be followed are:

Shop and Establishment License Act

As per shop and establishment act in India, the Shop and Establishment License is a formal certificate issued to the business and trade, registered as per the Shop and Establishment Act.  The Indian Department of Labor regulates and manages the rules and regulations of the act.  This act also checks on the functioning of educational institutions, charitable trusts and societies and other establishments like banking, stock exchanges and also insurance companies, share brokerages etc.

This act regulates and manages both the organized and unorganized business sectors by making sure the employees are working in a suitable and secured working condition.  Though the primary moto remains the same, the rules and regulations may change from state to state.  So the entity, which needs to get this license should submit an online application on it’s state official portal.

ADVANTAGES OF ACQUIRING SHOP AND ESTABLISHMENT LICENCE IN INDIA

1.      The entities will get benefits by this basic license for further legal registrations.

2.      For opening a bank account in the name of the business, this registration is very essential.

3.      Legal and official recognition to the business, shop or establishment is provided by this license.

4.      For future legal registrations in our country, this license will be provided as business proof.

5.      Thislicense is beneficial for procuring investment, loans, or venture capitals for the entities.

ELIGIBILITY CRITERIA FOR GETTING THIS SHOP AND ESTABLISHMENT LICENCE

·         Service Centers.

·         Wholesalers and retailers.

·         Owners of warehouses, godowns and storerooms.

·         Restaurants, cafes, eateries and hotels.

·         Other working placesif any.

·         Entertainments houses, theatres and amusement parks, etc.

THE INTENTIONS INSTIGATING THE SHOP AND ESTABLISHMENT LICENSE IN INDIA

The first and foremost aim of the registration is to protect the rights and provide benefits to the employees in organized sectors like establishments, hotels and restaurants and also in unorganized sectors. It should also ensure better working conditions and environment and should also regularize their wages, holidays, incentives and so on.

WAYS FOR THE REGISTRATION OF SHOP AND ESTABLISHMENT LICENSE IN INDIA

The entity has to apply for the Shop Act Licence online license to the chief inspector of that particular location within 30 days of incorporation of business operations.  The applicant must provide certain details, which are mandatory like name of the applicant, name and address of the shop, the number of employees and the type of establishment and some other details which varies from state to state.  After verification by the concerned authorities, the license will be issued.

The renewal of shop and establishment should be done at the business place and should be renewed periodically within the prescribed time.If any entity wishes to close their business, they have to inform formally to the chief inspector in writing copy before 15 days of closing the business.  Then the entity’s license will be canceled and the name of the entity will be taken away by the chief inspector from the register.  This also applies to the home based work.

PROCESS FOR APPLYING AND GETTING THE SHOP AND ESTABLISHMENT LICENSE IN INDIA

·         The applicant has to download the application from the state’s official website where he is willing to start his business.

·         He should furnish all the essential details such as the name of the entity, the applicant’s name, employees’ details, the address of the place where he is going to start the business with NOC and if the premises is a rental one, the rental agreement and his PAN card also needs to be attached.

·         After providing all details, the applicant should submit the application along with the specified fees to the chief inspector.

·         Then the concerned higher officials will verify all the details and documents, which are provided by the applicant.

·         If all the criteria mentioned in the application are satisfied as per the rules of the act, the Shop and Establishment License certificate will be issued to the entity.  For issuance of the certificate, the period will be 15 to 20 working days, but it varies from state to state to complete the whole procedure.