Nic code for new company in form 1
This query is : Resolved
27 July 2013
Kindly suggest me the appropriate division of industrial activity as per NIC for the below object clause To transact and carry on the business as importers, exporters, manufacturers’, representatives, distributers, agents, brokers, factors, consignor, consignee, stockiest , commission agents,dealers, traders, service provider for the processing of the foods items, medical equipments,agriculture produce or all kind of goods, Commodities, merchandise by irradiation process and packaging of such items and import and export.
1) pls consider that the main object will be processing of the food items and medical equipment to make them disinfected and have their life longer by radiation process. So particularly its a service provider to manufacturers or traders. 2) can I use code 15? 3) whether two codes can be provided?
Whether for food items and medical equip. we need to provide two codes its 15 and 33? else only one is need to be provided?
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=668904
1) pls consider that the main object will be processing of the food items and medical equipment to make them disinfected and have their life longer by radiation process. So particularly its a service provider to manufacturers or traders. 2) can I use code 15? 3) whether two codes can be provided?
Whether for food items and medical equip. we need to provide two codes its 15 and 33? else only one is need to be provided?
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=668904
29 July 2013
The business is categorized as a service provider not manufacturer, so code is "Other Business Activities -74" under the head Business Services.
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06 August 2013
hello,
I have filed form 1 filling code 74 but the ROC has raised query that considering the object clause as stated below the code should be 29.
1) To transact and carry on the business as importers, exporters, manufacturers’, representatives, distributers, agents, brokers, factors, consignor, consignee, stockiest , commission agents, dealers, traders, service provider for the processing of the foods items, medical equipments, agriculture produce or all kind of goods, Commodities, merchandise by irradiation process and packaging of such items and import and export.
2) To provide any ancillary services connected to irradiation process or packaging.
The Code 29 is not appropriate for the our company.
Kindly suggest the proper code.
Also tell me that can i change the Description of Object clause can be changed from what we have mentioned in the Form 1A?
I have filed form 1 filling code 74 but the ROC has raised query that considering the object clause as stated below the code should be 29.
1) To transact and carry on the business as importers, exporters, manufacturers’, representatives, distributers, agents, brokers, factors, consignor, consignee, stockiest , commission agents, dealers, traders, service provider for the processing of the foods items, medical equipments, agriculture produce or all kind of goods, Commodities, merchandise by irradiation process and packaging of such items and import and export.
2) To provide any ancillary services connected to irradiation process or packaging.
The Code 29 is not appropriate for the our company.
Kindly suggest the proper code.
Also tell me that can i change the Description of Object clause can be changed from what we have mentioned in the Form 1A?
07 August 2013
Hello Experts...
To transact and carry on the activity of providing service for the processing of the foods items, medical equipments, agriculture produce or all kind of goods, Commodities, merchandise by E-Beam irradiation process and packaging of such items and import and export and also to provide any ancillary services connected to irradiation process or packaging.
What can be the NIC code for the above mentioned object Clause??
Also State that whether code 15 is appropriate?
To transact and carry on the activity of providing service for the processing of the foods items, medical equipments, agriculture produce or all kind of goods, Commodities, merchandise by E-Beam irradiation process and packaging of such items and import and export and also to provide any ancillary services connected to irradiation process or packaging.
What can be the NIC code for the above mentioned object Clause??
Also State that whether code 15 is appropriate?
04 August 2024
For a company engaged in processing food items and medical equipment using irradiation processes, and also dealing with packaging, the correct NIC (National Industrial Classification) code needs to accurately reflect the nature of your business activities. Based on the object clause provided, here’s how to approach the NIC code selection:
### **1. NIC Code for Processing and Packaging:**
Given your primary activities include:
- Processing of food items and medical equipment via irradiation.
- Packaging of these items.
- Importing and exporting of such items.
**NIC Code 15:** This code refers to the "Manufacture of food products" and might be relevant if your main business involves processing food items. However, it might not fully capture the irradiation process unless it's specifically part of the food manufacturing sector.
**NIC Code 33:** This code is for "Repair and installation of machinery and equipment" which may be suitable if you are involved in the maintenance or repair of equipment used in the irradiation process.
**NIC Code 74:** Generally relates to "Other professional, scientific and technical activities," which could be applicable if the business focus is primarily on providing specialized irradiation services.
### **2. Suitable NIC Codes:**
For your specific business activities:
- **For Food Processing and Packaging:** You may consider NIC Code 10 for "Manufacture of food products" if the irradiation is part of food manufacturing, or NIC Code 11 if it's related to beverages.
- **For Medical Equipment:** NIC Code 32 for "Manufacture of medical and dental instruments and supplies" might be suitable if the focus is on medical equipment processing and packaging.
- **For Irradiation Services:** Since irradiation is a specialized process, NIC Code 74 might be appropriate for "Other professional, scientific and technical activities," but ensure this aligns with the detailed nature of your business.
### **3. Changing the Object Clause:**
Yes, you can change the description of the object clause in your Form 1A (which is used for company registration). If you need to modify the object clause to better reflect your business activities, you can file an application with the Registrar of Companies (ROC) to update the MoA (Memorandum of Association) to include the correct description and activities.
### **4. Recommended NIC Codes:**
Based on your provided description, the most appropriate NIC codes could be:
- **NIC Code 10:** For processing and packaging of food items.
- **NIC Code 32:** For processing of medical equipment.
- **NIC Code 74:** For specialized irradiation services.
If your business activities span across food, medical equipment, and irradiation services, you might need to use multiple codes to fully cover your business scope. Ensure that the codes selected reflect the primary activities of your business.
### **Summary:**
1. **NIC Code 10** for food processing.
2. **NIC Code 32** for medical equipment.
3. **NIC Code 74** for specialized irradiation services.
Choose the codes that best match the primary activities of your company. If needed, consult with a professional to ensure compliance with the NIC classification.
### **1. NIC Code for Processing and Packaging:**
Given your primary activities include:
- Processing of food items and medical equipment via irradiation.
- Packaging of these items.
- Importing and exporting of such items.
**NIC Code 15:** This code refers to the "Manufacture of food products" and might be relevant if your main business involves processing food items. However, it might not fully capture the irradiation process unless it's specifically part of the food manufacturing sector.
**NIC Code 33:** This code is for "Repair and installation of machinery and equipment" which may be suitable if you are involved in the maintenance or repair of equipment used in the irradiation process.
**NIC Code 74:** Generally relates to "Other professional, scientific and technical activities," which could be applicable if the business focus is primarily on providing specialized irradiation services.
### **2. Suitable NIC Codes:**
For your specific business activities:
- **For Food Processing and Packaging:** You may consider NIC Code 10 for "Manufacture of food products" if the irradiation is part of food manufacturing, or NIC Code 11 if it's related to beverages.
- **For Medical Equipment:** NIC Code 32 for "Manufacture of medical and dental instruments and supplies" might be suitable if the focus is on medical equipment processing and packaging.
- **For Irradiation Services:** Since irradiation is a specialized process, NIC Code 74 might be appropriate for "Other professional, scientific and technical activities," but ensure this aligns with the detailed nature of your business.
### **3. Changing the Object Clause:**
Yes, you can change the description of the object clause in your Form 1A (which is used for company registration). If you need to modify the object clause to better reflect your business activities, you can file an application with the Registrar of Companies (ROC) to update the MoA (Memorandum of Association) to include the correct description and activities.
### **4. Recommended NIC Codes:**
Based on your provided description, the most appropriate NIC codes could be:
- **NIC Code 10:** For processing and packaging of food items.
- **NIC Code 32:** For processing of medical equipment.
- **NIC Code 74:** For specialized irradiation services.
If your business activities span across food, medical equipment, and irradiation services, you might need to use multiple codes to fully cover your business scope. Ensure that the codes selected reflect the primary activities of your business.
### **Summary:**
1. **NIC Code 10** for food processing.
2. **NIC Code 32** for medical equipment.
3. **NIC Code 74** for specialized irradiation services.
Choose the codes that best match the primary activities of your company. If needed, consult with a professional to ensure compliance with the NIC classification.
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