How Does Shop Registration Online Work?
In India, anyone who wants to open a small shop has to register their shop name with the government. To register their shop name, they have two options:
- Registration under the MSME Act 2006
- A shop must be registered under the Shop & Establishment Act from the state’s respective municipal party.
How much does the Shop Registration License cost?
- MSEM Act Shop Act License Registration Certificate
- The government offers a free PDF booklet for small businesses on how to get loans, etc.
- Here are 10+ premium legal agreement templates you can use to run your shop legally.
What is the best way to register my shop name with the government of India?
There are two options to register your shop or trade name with the government, but we recommend going with the MSME Registration for your shop, which is the best and cheapest way to get the certification without any renewal fees.
Shop Registration Features or Benefits
Proof of Legal Entity – Every shop or business must provide proof of their legal entity, such as a proprietorship, partnership, etc. Registration under the MSMEs Act 2006 provides a legal entity proof which gives you the right to operate a business in your area or state.
Bank account for business-To open a current bank account, every bank requires legal entity proof. In accordance with RBI compliance, each shop must open a separate bank account for daily transactions. With the shop certificate, you can easily open a current business bank account.
Benefits provided by the government – Each state has a DIC Department that develops policies for small businesses. Government benefits can be easily accessed with a Shop License Registration Certificate.
A trustworthy business – Whether it is a shopkeeper, wholesaler, or any other type of business, it needs the trust of the customer. When you mention your license registration number on an invoice or shop board, you gain the customer’s trust under the MSME Act.
Certification for Life – Shop License apply online under the MSME Act 2006 gives you a lifetime valid certificate, so you don’t need to renew it at any cost. It’s just a one-time cost.
For the Shop Registration License, what documents are required?
For the same, the following documents are required:
- A copy of the applicant’s Aadhar card
- A copy of the applicant’s Pan Card
- Details about your business and personal information
How do I apply for a Shop Act License under the MSME Act?
- Fill out our online application form
- Payments can be made online via debit card, credit card, or net banking in a secure manner.
- In the next two days, you will receive your Registration Certificate via email.
Are there any disadvantages to registering a shop under the Shop Act License?
- According to each state’s shop act license, incorporation costs are very high.
- Government-issued for one year, so it must be renewed each year
- The approval from the concerned authority required more paperwork.
Read more
Exempted Businesses Under the Shops and Establishments Act