WHOLESALE AND RETAIL TRADE REPAIR OF MOTOR VEHICLES AND MOTORCYCLES WATER SUPPLY SEWERAGE, WASTE MANAGEMENT and The revised NIC-2008 provides a more contemporary industrial classification system.Īctivities are first grouped into ‘Section’ alphabetically coded from A through U, every section is divided into ‘Division’ with 2-digit numeric code, every division into ‘Group with 3-digit numeric code, every group into ‘class’ with 4-digit numeric code and every 4-digit class into 5-digit ‘sub-class’.ĮLECTRICITY, GAS, STEAM AND AIR CONDITION SUPPLY Apart from being the standard industrial classification that underpins Indian Industrial Statistics, NIC is widely used by the government agencies, industry associations and researchers for various administrative, analytical and research purposes. The National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. Specifically, countries should be able to report data at the two-digit (division) level of the Classification without a loss of information that is, national classifications should be fully compatible with this level of the ISIC, or it should be possible to arrange them. The United Nations Statistical Commission’s 38th session recommended that countries either adopt national versions of the ISIC, Revision 4, or adjust their national classifications so that data can be presented according to the ISIC, 10 Revision 4 categories. The National Industrial Classification 2008 (NIC-2008) is an update to the NIC-2004. National Industrial Classification 2008 (NIC-2008) While incorporating a company, the MCA requires the NIC code of the business. MCA has recently implemented major changes to the process and made it very simple to incorporate a company. To register a private limited company, a minimum of two shareholders and two directors are required.

Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. Private Limited Company is the most prevalent and popular type of corporate legal entity in India. NIC Code for Company Registration or LLP Registration While applying for Udyog Aadhar, the applicant must provide the NIC code of the business and Aadhar of the promoter. Now, the process for obtaining MSME registration has been merged with Udyog Aadhar registration and made completely online by the Government. Udyog Aadhar used to be referred to as MSME registration earlier. Udyog Aadhar is a registration provided to micro, small, medium sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED). NIC Code for MSME/ Udyog Aadhar Registration NIC code is required for your business to obtain Udyog Aadhar or register a company or LLP in India.

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