Documents Required for Third Party Pharma Manufacturing Company

The business of Third Party Manufacturing in the pharmaceutical industry is expanding at a rapid pace around the world and is likely to keep increasing in the coming years. The pharma industry is now undergoing rapid changes due to the adoption and development of several technologies. The third party manufacturing companies are making a significant contribution to the global supply of therapeutic medications. If you are planning to start a Third Party Manufacturing Company and want to know about all the required documents, then this write-up is worth reading.

Mandatory Documents Required for Third Party Manufacturing Company

Following are the necessary requirements that you must require for Third Party Manufacturing Company:

Drug Manufacturing License

In order to start your own Third Party Manufacturing Company, you must have your own drug license/wholesale license to keep and sell medicines. Without a Drug Manufacturing License, you won’t be able to proceed with the further process of pharma manufacturing. The drug manufacturing license is issued by the Central License Approving Authority (CIAA).

GST No. (Goods and Services Tax No.)

You should have a GST number on your company's name so that you may receive and sell products. If you would not have a GST no., no one will want to do business with you and you won't be able to collect input credit which would be a major saving.

Director’s Identity Proof Documents

You must have identity proof with you as the manufacturer will ask you for identity confirmation as proof of address. This is to track down the person in the event of a default. Any type of identity proof including Aadhar Card, Pan Card, etc., can be validated.

Trademark & Registration

If your brands are trademarked, you must attach a copy of the registration. The manufacturer will require an affidavit stating that you own the brand and would remit the manufacturer in the event of a trademark infringement lawsuit.

Apart from the above documents, an individual will require the following documents for Third Party Manufacturing Company:

1. Drug Distribution License to distribute finished goods
2. Copy of Resolution for Authorized Signatory to Deal
3. Certificate for Non-Resemblance
4. Sales Tax/TIN Registration Certificates
5. Agreement for Manufacturing

Conclusion

We hope that you have obtained complete information on the Documents Required for Third Party Manufacturing Company for which you have come here. However, if you want to keep yourself aside from the expenses of manufacturing units, then consider taking third party manufacturing from the Best Third Party Manufacturing Company in India, Saphnix Lifesciences.