NIC CODE - National Industrial Classification Code
For those of you who are interested in registering for Company Registration/ Limited Liability Partnership (LLP) Registration and Udyog Aadhar for MSME, NIC CODE - National Industrial Classification Code is something you must be aware of. Filing for Udyog Aadhar seems like an easy process requiring a few details such as Name, postal address, type of enterprise, Aadhar number of the owner of the enterprise, etc. However, the problem arises when NIC code is asked for. Most of the applicants are not very aware and sure of the NIC code of their enterprise. If you are feeling unsure about the registration process then you can always refer to msmeregistrar.net. Our highly experienced and trained experts have the full know-how regarding the dos and don'ts of the Udyog Aadhar registration process. You can always refer to us at msmeregistrar.net and we will help you out. Our services are not only cheap but are also extremely reliable.
What is the NIC code - National Industrial Classification Code?
If you are wondering about the full form of NIC code, it is National Industrial Classification code. The full form of NIC code should provide some clarity into the matter regarding its purpose and function. The NIC code is a business code which is provided by the government and it helps you classify your business if it falls under the micro, small, and medium enterprises. The government provides this code in order to be able to track the business and economic proceedings and transactions of any relevant business enterprise. It also allowed the government to assess how far an MSME is functional in developing the asset of the country. In layman's terms the NIC code is a classification code which is used by the government to track the activities of any business enterprise.
The NIC code is a numeric code. It has a 2-3digit code that represents the group of business activity, a 4digit code that designates the class of business activity and a 5digit code that refers to the subclass of business activity. At msmeregistrar.net you will find a proper list of all the NIC codes. The importance of NIC codes for the business registered under MSME section cannot be emphasised enough. In case you are intrigued and you want to know more about what NIC code is?, you can visit our website: msmeregistrar.net.
NIC code has different purposes and for more details you can refer to the next section.
NIC code for retailers:
If you need to know about the NIC code for retailers then head straight to msmeregistrar.net for more information. The problem with NIC code for retailers is that they aren't readily available online or offline. At msmeregistrar.net our experts will provide you with reliable and relevant details. The NIC code for retail business is usually a 2-digit number that tends to vary from one company to another. For those of you who are wondering why it is imperative to get an NIC code for retail business. The NIC code for retail business allows the government to keep tabs on your company since the code is associated with your business enterprise. By following it, the government will be able to see and assess if your business is meeting all the demands laid down by the government, once you have successfully registered for the Udyog Aadhar.
NIC code for traders
If you are looking for NIC code for trading business look no more! Visit msmeregistrar.net to find the NIC code for trading business. This particular code is required only by the organisations which fall under the trading segment of the MSME sector. The NIC code for traders is also a 2-digit code. The code allows the businesses to regulate all their business proceedings with the government and vice versa. The code is relevant and essential because it allows the government to keep tabs on the businesses registered under Udyog Aadhar and to regulate them. Thereby allowing the micro, small and medium businesses to enjoy the economic benefits provided by the Udyog Aadhar scheme.
If you are feeling confused and you need a better idea. Here is an example of the NIC code for kirana stores. The NIC code for kirana stores is 47110. The code deals with the beverages or food segment of the consumer section. For a comprehensive list of NIC codes visit msmeregistrar.net.
NIC code for Hardware business
Unlike the NIC code for traders or retailers, the NIC code for Hardware businesses is a 5-digit code. For example 47521, 47520, etc. If you are looking for more details you can reach msmeregistrar.net where you will find all the details pertaining to NIC code for Hardware businesses and much more. The NIC code for any MSME is extremely important. Without the NIC code any business cannot register as an MSME under the Udyog Aadhar scheme. Without it the enterprise will be unable to enjoy benefits such as collateral free loans which are arranged by the government of India in order to support the micro, small and medium businesses, and to help them grow. msmeregistrar.net will provide you all the relevant and necessary information regarding Udyog Aadhar registration as well as NIC codes. This will ensure that you can continue your business proceedings absolutely seamlessly.
NIC code for cloth shop
When it comes to NIC code for cloth shops, the NIC code doesn't have a separate section. It can be found in the segment which falls under retail and trading businesses. At msmeregistrar.net, we keep a well documented and researched list of all the NIC codes. You will not have to waste a lot of time while browsing for the required NIC codes. Our efficiency is unparalleled. Our website has been designed keeping in mind the requirements of the MSME owners, including the cloth shop owners. The Indian government has devised numerous plans and strategies in order to help the MSMEs flourish as much as possible. If you are wondering under which category would the NIC code for readymade cloth business fall. The answer would be the very same sector as the NIC code for cloth shops. If you are the owner of a readymade cloth business, then you must be fully aware of the NIC code for readymade cloth business in order to be able to register for Udyog Aadhar and avail all the schemes that fall under Udyog Aadhar. If you want to learn more about the benefits of registering for an Udyog Aadhar card, then visit msmeregistrar.net.
NIC code for car repair
Similar to the NIC code for cloth shops, the NIC code for car repair as well as maintenance is a 5-digits long code. You can visit msmeregistrar.net and find the relevant code. If your business revolves around maintenance and repair of vehicles, especially cars, then keep in mind that the NIC code for your business will be the same as the NIC code for car repair. The NIC codes are usually relevant for businesses which fall under MSME. It is a very important classification system when it comes to MSMEs. NIC codes reveal the kind or type of your business. One interesting fact, the NIC code is also important during the registration of an LLP (Limited Liability Partnership) company. If you are seeking more details you can always refer to msmeregistrar.net
NIC code for import export
If you are applying for MSME Udyog Aadhar, remember that any applicant can actually choose to add more than one NIC code. All you need to do is click on "Add more". If it all sounds mighty complicated then you can take the help of experts at msmeregistrar.net. The NIC code for import export is mostly significant for any business enterprise which has registered under the Medium segment of the MSME. Usually Medium enterprises are heavily involved in the import and export of products. Since more than one NIC code can be selected, any medium enterprise which relies heavily on import and export must insert the NIC code for import export. If you don't know the code, you can always refer to msmeregistrar.net. Any company which is registered under MSME section will enjoy lower import and export taxes. This will reduce their overall expenses as well as economic burden.
NIC code for mobile repair shop
If you are absolutely clueless about the NIC code for mobile repair shop, you can easily search for the same at msmeregistrar.net. To make things easier, always remember that mobile repair shops are usually placed under the hardware section or else under the maintenance of hardware section. If you still feel like you need some help with the MSME Udyog Aadhar registration you can always seek the help of experts at msmeregistrar.net. Numerous new companies have come into being lately, which are associated with this sort of business enterprise. In the MSME sector they are often referred to as the new traders. For the MSME registration, one must remember that the MSMEs are segregated into two sections–manufacturing enterprise and service enterprise. Before you can insert the NIC code, carefully choose the category of MSME under which your business will fall.
Where is the NIC code - National Industrial Classification Code used?
Company Registration/ Limited Liability Partnership (LLP) Registration
For incorporating a company or a Limited Liability Partnership(LLP), one needs to register the respective company/Limited Liability Partnership (LLP) on the MCA (Ministry of Corporate Affairs) Portal.
Udyog Aadhar is a registration provided to micro, small and medium sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED Act).While applying for Udyog Aadhar, the NIC code is required.
If you seek to register as an MSME / Udyog Aadhar scheme or Company registration under the Indian Government, the NIC code is an absolute must. Your business transactions and proceedings will not progress at all if you aren't aware of these details. You will also miss out on numerous benefits. The Indian government understands that it is the MSMEs which are the life force of our country's economy.
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