Industrial Activity Code & Business/Profession Code | Read
If the source of income of the proposed company is income from business/profession, the business profession code for the respective activity has to be filled in e-Form Spice32 and FiLLip Forms. The correct business or profession code for MCA must be selected based on the nature of business or profession to ensure accurate company or LLP registration.
| Code | Business/ Profession |
|---|---|
| Business Code 01 | Medical Profession and Business |
| Business Code 02 | Engineering |
| Business Code 03 | Architecture |
| Business Code 04 | Chartered Accountant/Accountancy Technical Consultancy |
| Business Code 05 | Interior Decoration |
| Business Code 06 | Technical Consultancy |
| Business Code 07 | Company Secretary |
| Business Code 08 | Legal Practitioner and Solicitors |
| Business Code 09 | Government Contractors |
| Business Code 10 | Insurance Agency |
| Business Code 11 | Films, TV and such other entertainment |
| Business Code 12 | Information Technology |
| Business Code 13 | Builders and Developers |
| Business Code 14 | Members of Stock Exchange, Share Brokers and Sub-Brokers |
| Business Code 15 | Performing Arts and Yatra |
| Business Code 16 | Operation of Ships, Hovercraft, Aircrafts or Helicopters |
| Business Code 17 | Plying Taxis, Lorries, Trucks, Buses or other Commercial Vehicles |
| Business Code 18 | Ownership of Horses or Jockeys |
| Business Code 19 | Cinema Halls and Other Theatres |
| Business Code 20 | Others |
The above list is a customized list of NIC Codes only for Company/LLP Registration by the Ministry of Corporate Affairs, and selecting the appropriate business profession code or business or profession code for MCA is mandatory while filing incorporation forms.
Frequently Asked Questions (FAQs)
What are the 4 types of industry?
The four types of industries, i.e., primary, secondary, tertiary, and quaternary, are part of a classification system referred to as the business profession code, which is mapped according to the profession code for MCA considering the nature of the business activity.
What is the purpose of industry codes?
Industry codes help to recognize and classify business activities in relation to regulations, taxation, and compliance, including choosing the exact business profession code in registration procedures.
What is the industrial activity code?
The industrial activity code refers to the standard description of the nature of the business or profession, also termed as the business or profession code for MCA while incorporating the companies.
What is the main division of the Industrial Activity Code?
The major classification of the Industrial Activity Code is based on the type of economic activity conducted by the business, such as manufacturing, services, and trading, which helps in classifying a business profession under a business and profession code for MCA.
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