Documents Required for PCD Pharma Franchise Company in India

Establishing a pharmaceutical franchise can be a profitable and satisfying option for those wishing to work in the pharmaceutical sector. To guarantee efficient operations and compliance with legal requirements, your business must have several important documents in place before embarking on this journey. We will talk about the Documents Required for PCD Pharma Franchise Company in India in this blog post.

10 Documents Required for PCD Pharma Franchise Company in India 

1. Drug Authority

The most important document required to start a pharmaceutical franchise is the drug license. It is granted by the state drug controller and allows the manufacturing, sale, and distribution of pharmaceuticals. It is not possible to run a pharmaceutical franchise without a current drug license.

2. Registration for GST

Before running your pharmaceutical franchise, you need to register for GST. To do business in India, one has to comply with the Goods and Services Tax (GST) to avoid legal hassles.

3. License to do business

The local panchayat or municipality will have to grant you a business license to run your pharmaceutical franchise. It is a license to conduct a certain type of business at a specified location. It is against the law to operate a business without a business license.

4. Registration of companies

To start a pharmaceutical franchise you need to register your business as a partnership or private limited company. The legal existence of your business is ensured by this document.

5. NOC of the landlord

If you are renting space to set up your pharmacy franchise, you must obtain a No Objection Certificate (NOC) from the landlord. It is an official document that certifies the landlord’s lack of objections to the tenant using the space for commercial use.

6. A Bank Statement

For business-related payments, you will need to open a bank account in the name of your pharmaceutical franchise company.

7. Agreement with Sublicensee

You are given the right to distribute and market the products only after signing an agreement with the franchisor. The terms and conditions of the franchise, including area, goods, costs, and marketing support, should be mentioned in the agreement. To protect your company’s interests and ensure adherence to the franchise agreement, this document is important.

8. Product Catalog

To start product distribution and marketing you need a catalog that includes each product you plan to market and distribute under your pharmaceutical franchise. The product name, composition, packaging, and price should all be included. A complete product catalog is essential to attract customers and increase revenue.

9. Advertising Material

You need promotional materials like product brochures, visual aids, and samples to market your products effectively. These resources help you attract interest in your business and showcase your products to potential customers.

10. Coverage

You must obtain insurance to protect your pharmaceutical franchise business from unexpected loss or damage.

Why Neorangic Healthcare for PCD Pharma Franchise Business

In short, setting up a pharmaceutical franchise with a leading PCD Pharma Franchise company requires the presence of several essential documents. These records certify your company’s efficient operations and compliance with the law. If your goal is to open a top PCD Pharma franchise, make sure you get all the paperwork done and follow the law to avoid any legal issues. India’s top PCD pharma franchise company, Neorangic Healthcare, offers franchise opportunities across the country. Neorangic Healthcare’s wide range of premium products, marketing support, and affordable prices make it the ideal partner for your pharmaceutical franchise business. To start your pharmaceutical franchise and expand your business, contact Neorangic Healthcare!

Contact Information

Name – Neorangic Healthcare

Address – SCO 489, first floor, motor market, sector-13, Manimajra, Chandigarh

Phone. No. – +91 8839749213, +91 9876667787

Mail – neorangichealthcare@gmail.com