How to get a License for starting a PCD Pharma Company in India?

How to get a license for starting a PCD pharma franchise company in India- A Propaganda Cum Distribution (PCD) pharma franchise is a settlement between wholesalers and resellers in which the company providing the franchise connects with local marketers to promote distributorship. Delivering a wide range of standardized quality products and tools for marketing, the parent company follows the idea of business profit and customer satisfaction.

Benefits of a PCD Pharma Franchise-

• Monopoly Rights
• Brand Recognition
• The fine quality of drugs
• Timely Delivery
• Low Initial Investment
• Availability of essential and sophisticated drugs
• Huge Inventory
• Evolving business

How to get a license for PCD Pharma Company-

There are a few essential documents that your company needs to be registered under to obtain a license for a medicine franchise. The quality of pharmaceutical products is a very crucial factor in starting a PCD pharma company.

Therefore, it requires some mandatory documents for legalization before owning a PCD pharma company-

• Get your company registered- The first and foremost step to owning a medicine franchise is getting your firm registered, which requires the following documents:

1. Agreement with the Franchisor.
2. Date of birth certificate and qualification certificate.
3. Opening of a bank account under the company’s name.
4. ID and address proofs of the Franchisor and the shareholders including NOC from landlord.
5. Digital Signature Certificate (DSC) and Director Identification Number (DIN).
6. Your company should be registered under the Registrar of Companies (ROC), the ROC certification later issues an Incorporation certificate. Fill out the Memorandum of Association (MOA) and Articles of Association (AOA) forms, which contain affidavits, LLP agreements, trade licenses etc.
7. PAN and TAN proofs of the originator and joint venture members.
8. Proof of having a registered office address.
9. Provide a product catalog.
10. Passport, if foreign directors run the company, and in this case, at least one director should be Indian.

• Drug License Number- Without a drug license, no enterprise is allowed to start a cosmetic or drug-related business in India. This is a crucial document issued by The Central Drugs Standard Control and the State Directorate of Drugs Control. These are the drug licenses you need to acknowledge for the same-

1. Wholesale drug license- Pharma companies selling products in bulk through PCD pharma franchises should obtain a wholesale drug license.
2. Retail drug license- Distributors selling products locally to consumers ought to obtain a retail drug license.
3. Manufacturing drug license- Pharma companies that manufacture products of any segment should have a manufacturing drug license.
4. Import drug license- When a Pharma company deals with the import of drugs or products for manufacturing of pharmaceutical products to India, it requires them to have an import license.

• Goods and Services Tax (GST) registration- If a pharma company exceeds a turnover of Rs. 40 Lacs, you are obliged to register for GST and Goods and Services Tax Identification Number (GSTIN) for further allowance of trading and purchasing of goods which is issued by the Central Board of Excise and Customs, Department of Revenue, Ministry of Finance, Government of India. In case, the company handles the export and import of the products, it requires an Import-Export Code (IEC).
• FSSAI registration- The Food Safety and Standards Authority of India (FSSAI) engages in manufacturing, distributing, selling, and purchasing Food products, dietary supplements, etc. An organization handling food business should be registered under FSSAI to ensure the harmless and reliable quality of the product.
• Trademark registration- Trademark registration helps in the identification of your products, which promotes brand recognition and lead generation. A logo or anything which describes the source of your services and products is a trademark. A trademark helps a pharma company distinguish the different types of drugs and their uses.

To operate a business legally and successfully, a pharma company must follow the required procedures and obtain essential registration. However, if you are looking to invest in a PCD pharma franchise, you can connect with Novolab Gynae Care, the best in the market of PCD medicine franchises leading the gyne range across India.

Contact us at-

Phone no.- 91-9570599567

or mail us at Novalab7777@gmail.com