NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content

The National Industrial Classification (NIC) Code is a standard system applicable in India to classify business activities to assist regulation, statistical as well as compliance. This classification is compulsory with Udyam Registration (MSME), Udyog Aadhaar, company incorporation, LLP registration, GST registration, bank documents and industry-related approvals.

In the case of a business engaged in Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content the appropriate category of NIC is displayed as Class 6312 and Subclass 63122 that allows the activity to be registered as being official government and financial systems. The classification is used by businesses in the industries like AC repair, water purifier servicing, building material supply, digital signature services, IT consulting, trading, transport, and agricultural trading, painting, recycling, etc.

NIC Class 6312 & Subclass 63122 for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content

The NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content is categorized as:

  • NIC Class: 6312
  • NIC Subclass: 63122

This subclass has all such activities associated with Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content that are related to service delivery, manufacturing, trading, supply, installation, support, and maintenance. Businesses that are registered in the form of MSME or as a company have to use this subclass in order to be properly classified by the ministry of corporate affairs (MCA), GST authorities, and Udyam portal.

Choosing the appropriate NIC Code not only helps in compliance but also in recognition in government records, tenders, industry licensing, and financial audits.

Importance of NIC Code for Udyam Registration & Udyog Aadhaar

The NIC Code is vital in the Udyam Registration process where all the businesses are required to declare the type of operations they are involved in. To businesses engaged in Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content the right NIC Class 6312 and Subclass 63122 helps in:

  • Correctly classify as Micro, Small or Medium enterprise
  • Eligibility for MSME subsidies and government schemes
  • Eliminate errors in Udyam portal verification process
  • Easy linking with GST, PAN, bank accounts and MCA documents
  • Preferred in government tenders under MSME schemes
  • Prevents rejection and delays caused by incorrect classification

Benefits of Using the Correct NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content

Uninterrupted Legal and Financial Compliance

Banks, NBFCs, and government portals validate business activities through NIC codes as they need an accurate classification.

Access to MSME Incentives

  • Collateral-free loans
  • Interest rate subsidies
  • Technological upgrades plans
  • Government reimbursement programs

Fast Company/LLP Incorporation

The MCA system is automatic in cross-verifying NIC codes, which allows a much quicker approvals of businesses in Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content

Evading Non-compliance Problems

Incorrect NIC codes may raise questions when you are submitting tax, during audits or when tenders are being applied.

Increased Transparency within Government Data

Proper classification improves the level of visibility in Udyam, GST, GeM and industry databases.

Proper Positioning in the Industry

The NIC code distinctly places your type of businesses as a useful part in AC repair, RO maintenance, building materials, electrical stores, IT systems, transport and agricultural trading, other services or manufacturing businesses.

NIC Code Structure for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content - Division, Group, Class & Subclass Explained

The National Industry Classification (NIC) features an organization in a systematic hierarchy that allows government to categorize and classify businesses accurately:

  • 2-digit Division Code: This identifies the industry sector.
  • 3-digit Group Code: Classifies businesses in that division.
  • 4-digit Class Code 6312: Defines the primary industrial class.
  • 5-digit Subclass Code 63122: This Identifies the specific activity performed and carried out.
  • Used for NIC Code search, Udyam, Udyog Aadhaar & industry mapping

All businesses, regardless of whether they are suppliers, manufacturers, traders or service providers, need to categorize themselves in accordance with this structure.

Description for NIC Code 63122 - Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content

NIC Code 63122 of Class 6312 covers all businesses that are involved in Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content and all associated commercial, operational, servicing, manufacturing or trading operations.

Under this code of business, the business can be service centers, consultants, technicians, wholesalers, retailers, manufacturing units, distributors, or support-oriented firms based on the nature of Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content.

This NIC Code is applied during MSME Udyam Registration, Udyog Aadhaar, GST registration, incorporation of companies, tenders, bank loan applications, government licensing and compliance.

This classification enables government agencies to find the correct business and put into place the correct economic sector.

Frequently Asked Questions (FAQs)

What is the NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content?

The NIC Code of Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content is basically for particular industrial classification of this activity within the National Industrial Classification system that helps in classifying the business in a proper way.

What is the description of NIC Code 63122?

NIC Code 63122 comprises all the activities related to Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content, defining the scope, nature, and functions involved in this line of business.

Who issues the NIC Code in India?

The National Statistical Office (NSO) of the ministry of Statistics and Programme implementation (MoSPI) of the Government of India, is the one that issues and maintains NIC Codes.

What is the role of NIC Code in Udyam Registration for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content?

In Udyam Registration, the NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content, is used to make sure that MSMEs are classified in the right way and the business can take government benefits, subsidies, and other advantages tied to compliance.

What is the two-digit Division NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content?

The two-digit Division NIC Code of Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content refers to the industrial sector in which this activity falls under which further breaks down to group, classes, and subclasses.

What is the three-digit Group NIC Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content?

The three digits Group Code for Operation of other websites that act as portals to the Internet, such as media sites providing periodically updated content classifies the activity in the division along with other similar industries for proper categorization.