Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 70200 - Management consultancy activities
National Industrial Classification 2008 (NIC-2008) Code 70200 is used for Management consultancy activities. National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. NIC code id required to obtain Udyog Aadhar or register a Company / LLP in India.
National Industrial Classification 2008 (NIC-2008) Code Structure
All the activities are grouped into several "activity groups" or "tabulation categories" in a hierarchical manner. Activities are first grouped into ‘section’ alphabetically coded from A through U, every section is divided into ‘division’ with 2-digit numeric code, every division into ‘group’ with 3-digit numeric code, every group into ‘class’ with 4-digit numeric code and every 4-digit class into 5-digit 'sub-class'.
The structure for NIC Code 70200 is shown below.
| Level | Description |
|---|---|
| Section M | PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES |
| Division 70 | Activities of head offices; management consultancyactivities |
| Group 702 | Management consultancy activities |
| Class 7020 | Management consultancy activities |
| Sub-Class 70200 | Management consultancy activities |
Why is NIC Code 70200 Important?
When registering your Management consultancy activities business in India, you'll need the NIC Code 70200 for official documentation and compliance. NIC Code 70200 ensures that your business is correctly categorized under Management consultancy activities for taxation and regulatory requirements.