SHOP AND ESTABLISHMENT ACT (GUMASTA) |
To start any kind of business activity in any state a Gumasta
License is required, which officially registers the entity under state law. The
license is issued by the municipal corporation under the Shops and Establishment Act.
Obtaining the Gumasta License is a requirement by the government to start a business and it serves as a proof of legal entity – irrespective of whether it is run by a single individual or a company. For example, the license enables the entity to open a current account in a bank and apply for loans.
DOCUMENTS REQUIRED FOR APPLYING OF A
GUMASTA LICENSE |
Below is a list of documents to be submitted – for a sole proprietorship, partnership, and private company:
proof of address, electricity bill; business authorization letter; and proof of ownership of property. |
partner’s identity proof and proof of address; and prescribed fees for a partnership firm. |
(MOA and AOA); certificate of incorporation; and company director’s proof of identity and address.
|
