17/05/2023 Financial & Legal Services
Shop Act, also known as Gumasta registration, is a legal requirement for businesses operating in the retail, commercial, or service sectors in India. This registration ensures compliance with state government regulations and establishes the legitimacy of the business. Benefits of obtaining Shop Act (Gumasta) registration include legal recognition, access to government schemes, eligibility for business bank accounts, protection in disputes, compliance with labor laws, and opportunities for business expansion.
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