NIC code and Main object

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DEBASISH BODHAK (Querist)
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19 February 2021 1) Please tell me what will be the NIC code for a stockist of Medicine?
2) If possible please provide me the main object of the same business.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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09 July 2024 1) The NIC (National Industrial Classification) code for a stockist of medicines typically falls under the category of wholesale trade of pharmaceuticals, medical goods, cosmetics, and toiletries. The specific NIC code for this activity would be 46460, which covers wholesale of pharmaceutical goods.

2) The main object of a business involved in the wholesale distribution or stockist of medicines can typically be stated as follows:

"To carry on the business of wholesale trading, stockist, distributor, importer, exporter, and dealer in pharmaceutical products, medical supplies, cosmetics, toiletries, surgical instruments, healthcare products, and related goods. To engage in buying, selling, supplying, distributing, and dealing in all types of medicines, drugs, pharmaceutical preparations, medical devices, and other allied products."

This statement encompasses the core activities involved in the business of a stockist of medicines. It covers both wholesale trading and distribution activities related to pharmaceutical and healthcare products.

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