🧾 Licenses & Compliances for NE Businesses
Who Needs It: Businesses with turnover above ₹40 lakh (₹20 lakh for NE states)
Documents Required: PAN, Aadhaar, business proof, bank details
Penalty: ₹10,000 or 10% of tax due
Website: gst.gov.in
Benefits: Subsidies, bank loans, lower interest, protection against delayed payments
Documents: Aadhaar, PAN, business details
Applicable To: Manufacturing or service units under ₹250 crore turnover
Website: udyamregistration.gov.in
Required For: Any food business (processing, packaging, distributing)
Types: Basic, State, Central (based on turnover)
Penalty: ₹5 lakh and possible imprisonment for operating without it
Website: foscos.fssai.gov.in
Who Needs It: All shops and commercial establishments
Purpose: Employee rights, working hours, wages
Timeline: Apply within 30 days of starting business
Issued By: State Labour Department
Issued By: Local Municipal Authority
Required For: Physical business premises (shops, offices, factories)
Renewal: Annually
Penalty: Business can be sealed if non-compliant
🚀 Startup Schemes (State & Central)
Startup India Scheme
Launched by the Government of India to empower startups across the country.
Benefits: Tax exemption, fast registration, IP support, funding access
Eligibility: DPIIT-recognized, turnover under ₹100 crore, less than 10 years old
Website: startupindia.gov.in
Meghalaya Startup Policy
Tailored to support homegrown startups and entrepreneurs in Meghalaya.
Benefits: Seed capital, incubation, skill building, mentor access
Target Group: Startups and entrepreneurs based in Meghalaya
Website: mbda.gov.in
📄 Useful Document Templates
📁 Partnership Deed Template – Format for forming a partnership firm.
📁 Founders’ Agreement – Agreement between startup founders for roles, equity, and exit clauses.
📁 NDA (Non-Disclosure Agreement) – Protects business ideas when discussing with others.
📁 Employment Contract – Template for hiring employees or interns.
📁 Invoice Format – GST-compliant invoice for product/service billing.
📁 Board Resolution Template – For various business decisions (opening bank accounts, etc.).