As an entrepreneur in the MSME sector, it is imperative for you to keep a periodic check on whether your business is compliant with the mandatory licenses and permissions necessary for your business. Having these permissions and licenses issued by various regulatory bodies in the state can ensure the smooth functioning of your business without any sudden hiccups or disruptions.

Remember, there are multiple stakeholders from the government and civic bodies that issue licenses related to various businesses. While some of the licenses and permits for all businesses may be common, a few licenses would differ based on the nature of the business. For instance, an equipment manufacturing unit would not require a Food and Drug (FDA) license, but a business manufacturing chemicals or food products would need that license.

Also, one must stay updated with periodic announcements and launches by the government. For example, after GST was rolled out, it became mandatory for every business to register under it. It is not only the licenses that directly impact your business that are mandatory and necessary. There are several other clearances and permissions to be obtained for running a business.

For instance:

Do you have fire-fighting equipment in place at your premises?
Has the license for fire safety been renewed regularly without lapsing?

Additionally, there are clearances to be obtained from designated bodies regarding carbon emissions, noise pollution, and safety equipment audits. While it is crucial to have all the necessary licenses and permissions for your business in place, it is equally important to renew them from time to time.

Licenses and Permissions for Business

Licenses and Permissions for Business