Shop Act registration is mandatory under Maharashtra Shops and Establishments Act for all commercial establishments employing workers. It ensures compliance with labor laws and working conditions.
Shop Act registration provides legal recognition, enables business bank account opening, required for licenses, ensures employee rights protection, and avoids legal penalties for non-compliance.
Registration fees vary by establishment size: Small (Rs. 200-500), Medium (Rs. 500-1,000), Large (Rs. 1,000-2,000) plus professional charges of Rs. 2,000-5,000 for documentation and filing.
The whole process of Company registration can be divided into four steps:
Application for Digital Signature Certificate(DSC)
Application for the name availability
File Form Spice+ along with other forms such as E-MOA, E-AOA, AGILE.
Issued certificate of incorporation by ROC with PAN and TAN
Opening a current bank account on the company name and deposit the amount of capital subscribed
Registration of Company in Nashik is beneficial as it becomes Legal Entity, has Perpetual Succession, Limited Liability, Can Sue or can Be Sued, and has its own Borrowing Capacity. Keeping in mind the benefits of company registration it is advisable to go with the company registration process.
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