Shop and Establishment registration is a state-based registration for every business entity to register under local Government. Every entity established with the commercial purpose, including trading and service firms, restaurants, coffee house or hotels and also the place of public amusement must obtain this registration. Generally, the time limit provided for the registration is 30 days from the date of establishment.
The main purpose of such registration is to work as per the State laws and secure the benefit for the employees. The license would work as proof of commercial activities for many other registrations and is also helpful for opening a bank account.
A self-attested copy of PAN card Of Proprietor/Partner/ Director
Self- attested copy of address proof of Proprietor/Partner/Director
Rent agreement/ Ownership Deed/ Lease Deed NOC from the owner if rented property
2 passport sized photographs of the business owners
MoA – AoA of Company, Partnership Deed/ LLP Agreement, etc. along with registration certificate, if any, recently clicked the photo of the establishment.
Businesses that choose to register under the Shop Act can easily obtain a bank current account. You don’t need to look for any other documents for this because the Shop Act license would suffice. With an independent bank account, you can avoid messing up of the business transaction with personal account. As a result, you’ll be able to set up a separate financial account for your business.
Regular inspections of shop owners are part of the state government’s and local municipality’s working protocols. Frequent inspections may damage your work’s efficacy. However, if you have a Shop and Establishment License, you can easily get out of trouble.
The Shop Act regulates all aspects of business operations, including employee well-being. The Act protects employees’ rights while also ensuring their health and financial security. Furthermore, the Shop Act prohibits any unethical behavior that is detrimental to the workers’ interests. This would assist the business in providing a pleasant working environment for the employee.
Inherently, a business owner who devotes 100% to the Shop Act’s requirements will be able to enjoy unanticipated rewards in the long run. The Shop Act gives the entity a legal status, allowing the business owner to have better exposure to a neglected portion of the market over time.