A Drug License is an approval to operate a business in drugs/medicines and cosmetics granted by a competent authority. In the State of Maharashtra, it is the Food and Drug Administration. The license is approved under the Drug and Cosmetic Act, 1940. Ayurvedic and Unani drugs also come under the purview of this Act. Businesses without the appropriate license cannot deal in drugs or cosmetics. Starting with getting your new GST registration and getting your company registered to helping you procure the drug license, we can guide you every step of the way to getting your pharmaceutical/cosmetics business started.
Drug licenses are of two types; retail and wholesale drug licenses. Before applying for a specific license, there are several conditions that a business needs to adhere to. For instance, individual retail and wholesale units need to have a carpet area of 10 sq. meters with a separate entrance while a unit functioning as both retail and wholesale purposes must have a minimum carpet area of 15 sq. meters. Other prerequisites include appointing a pharmacist, making sure there is a provision for a refrigerator for the storage of certain medicines and drugs and furnishing specific documents.
As the best provider of Company Secretary Services in Pune, we ensure that you are well informed about all governmental regulations for running a pharmaceutical business from documentation to area specifications. This, in turn, will make sure that your inspection by the regulating authorities goes smoothly thereby enabling anuncomplicated start to your business.
We, at HSA Consulting India LLP, are here to answer all your queries. You can contact us here.