What Is The Process To Get A Pcd Pharma Franchise License?
What Is The Process To Get A Pcd Pharma Franchise License?: Starting a PCD Pharma Franchise Company in India may be one of the interesting and profitable business ventures that is not just limited to signing a PCD Franchise agreement. There are two very important legal documents, namely a drug license and a GST registration, to have a legal business in the pharma sector. The absence of these documents may accompany all sorts of legal risk, penalties, or even the closing of a business for a franchise partner. Here, we will guide you What the Process of getting a Pcd Pharma Franchise License, with some very small an easy, and clear steps.
To begin a new PCD Pharma Franchise business in India, you must have a Wholesale Drug License (Form 20B/21B) from your State Drugs Control Department. This is the license under which you are legally allowed to buy and sell medicines in a wholesale manner. Requisite papers and steps for applying are given in the Drugs and Cosmetics Act 1940 and its regulations. For queries like how to get a Drug License and GST for PCD Pharma Franchise, this blog is especially for them.
Key requirements for a Wholesale Drug License
To obtain a Wholesale Drug License, you need to meet several requirements. Listed below are the key requirements that you require:
1. Premises
☑️Minimum Area: The minimum storage and office space must be at least 15 square meters.
☑️Property Documents: You need to have proof of ownership (sale deed) alongside a rent agreement and a No Objection Certificate (NOC) from the landlord in cases where the property is rented.
☑️Layout Plan: A layout plan of the premises in detail is required, which may need to be attested by an architect.
☑️Storage Facilities: There should be proper storage facilities with refrigerators and/or air conditioning systems required for maintaining specific medicines at the specified temperature.
2. Competent Person (Qualified Staff)
The person in charge of running the business must be a qualified person.
✅Registered Pharmacist: A person needs to get registered under the State Pharmacy Council.
✅Graduate with Experience: A Person should be a graduate with at least one year of experience in drug sales and marketing.
✅Undergraduate with Experience: An undergraduate with at least four years of experience in the pharmaceuticals field.
✅Documents: You will require the following documents from the qualified person: Affidavit, qualification, experience certificates, and appointment letter.
3. Business Registration Documents
The documents needed depend on your business structure.
☑️Company: Memorandum of Association(MoA) and Articles of Association(AoA).
☑️Partnership firm: Partnership Deed.
☑️Identity and address proofs: Pan Card, Aadhaar Card, and proof of address for the proprietor/partners or directors.
4. Financial and Tax Documents
✅Goods and Services Tax (GST) Registration: This is mandatory for all businesses that deal with goods.
✅Bank Account Details: Companies require a cancelled check and bank statements.
5. Other documents
☑️Application form: The specific application form (say Form 19 for general wholesale), which varies based on the type of drugs being distributed.
☑️Fee Deposit Challan: The challan should act as proof for the licensing fee payment.
☑️Affidavit of non-conviction: An affidavit stating that the business owner(s) or partners have never been convicted under the Drugs and Cosmetics Act.
☑️Franchise Agreement: An obligatory legal agreement between you and the parent pharma company you're franchising.
Stepwise Application Process
Read to get through each of the steps to apply for your Wholesale Drug Licence. The steps are:
✅Preparation: Gather all required documents, including business registration, premises details, and data on the competent person.
✅Online Application: Apply for the license online with your respective State Drugs Control Department website. The fee is payable online.
✅Submission: Upload all the scanned copies of the required documents along with the application form.
✅Inspection: A Drug Inspector will visit and inspect your business premises to verify the documents and ensure compliance with all conditions.
✅License Issuance: After fulfilling the inspection with the report sent to the licensing authority, and upon fulfilling all other criteria, a Wholesale Drug License will be issued to you.
Frequently Asked Questions (FAQs):
1. What is a PCD Pharma Franchise License?
An authority given to the persons or distributors to promote and sell products of the pharma company under monopoly rights.
2. Why do I need a license for the PCD Pharma franchise?
A license assures legal compliance, enabling one to run a pharmaceutical business in a professional and safe manner.
3. What is GST registration, and why is it needed?
GST registration gives you the legal entitlement to conduct all sales, billing, and taxation concerning the pharma products.
4. How do I apply for GST registration?
Through the official GST portal, you can provide minimal documents and business details.