You have a business idea. You have capital. But before you spend a rupee on infrastructure, staff, or inventory, you need to know whether the law will actually let you do what you plan to do. India’s regulatory landscape in 2026 demands pre-registration clarity across multiple dimensions: company structure eligibility, sector-specific licensing triggers, GST threshold exposure, FDI norms, and state-level approvals. Filing without this map routinely leads to rejected applications, wasted government fees, and months of delay that could have been avoided with a structured feasibility report in hand. KAMRIT Financial Services LLP delivers end-to-end feasibility studies that map your specific business model against the applicable Acts, rules, and portal requirements. Whether you are incorporating a private limited company, setting up an NBFC, launching a food manufacturing unit, or applying for a sector licence, our feasibility studies give you a compliance-ready roadmap before you file a single form. We do not guess. We cite the section, identify the threshold, and tell you exactly what you need.
What is Feasibility Studies in India 2026?
A feasibility study in the Indian regulatory context is a structured pre-filing assessment that tests whether a proposed business activity, ownership structure, or investment plan satisfies the legal, financial, and procedural requirements of the relevant regulator before a formal application is submitted. This is not a market research report. It is a compliance diagnostic tied to specific statutory provisions. For company incorporation, feasibility covers DIN and DSC eligibility under the Companies Act 2013, name approval under the SPICe+ Part A process on the MCA21 portal, and whether the proposed capital structure triggers any FDI conditionality under the Foreign Exchange Management (Non-debt Instruments) Rules 2019. For sector registrations, NBFC, food licence, drug licence, legal Metrology, a feasibility study examines whether the applicant meets the minimum net worth, premises, infrastructure, and personnel thresholds prescribed by the respective regulator. The owning authorities are varied: RBI for non-banking finance companies, FSSAI under the Food Safety and Standards Act 2006 and FSS Regulations 2011, the Drugs Controller under the Drugs and Cosmetics Act 1940, and state-level authorities for shops and establishments, legal metrology, and pollution control under the Water (Prevention and Control of Pollution) Act 1974. The trigger is always the same: a statutory threshold, turnover, capital, sector, or location, that activates a filing obligation. Without knowing that threshold in advance, businesses routinely file prematurely or, worse, operate illegally while believing they are compliant.
Who needs this
Feasibility studies apply when a business is at or near a regulatory trigger point. The following conditions indicate you need a formal feasibility assessment before filing.
- Proposed company registration with authorised capital exceeding Rs 10 lakh, requiring PAN, TAN, and GST registration synchronisation under the Companies Act 2013
- NBFC registration intent where the entity holds public deposits or its principal business is financial assets comprising 50% or more of total assets and income under RBI Master Direction DNBR. PD 008/03.10.119/2016-17
- FSSAI licence application for food manufacturing, processing, or importing where annual turnover meets or exceeds Rs 12 lakh under FSSAI Regulations 2011, or where risk category triggers central licence
- Drug licence intent under Form 25 (for sale) or Form 28/28A (for manufacturing) under the Drugs and Cosmetics Rules 1945
- FDI in an activity requiring government approval under the Press Note 2 (2018) or sectoral caps under FEMA 20(R) rules
- Proposed partnership firm or LLP where partners require DIN under the Limited Liability Partnership Act 2008 and designated partners meet the residency condition under section 7
- Real estate project registration where the carpet area triggers RERA applicability under section 3 of the Real Estate (Regulation and Development) Act 2016
- State-specific licence triggers: shops and establishments registration under the Bombay Shops and Establishments Act 1948 or equivalent state Act, where the number of employees or floor area meets the notification threshold
- Legal metrology registration for packaged commodity manufacture or sale under the Legal Metrology Act 2009 and the Legal Metrology (Packaged Commodities) Rules 2011
- GST registration intent where turnover crosses the Rs 40 lakh threshold (Rs 20 lakh for special category states) under section 22 of the CGST Act 2017, or where interstate supply makes registration mandatory regardless of turnover
Documents required
Document requirements vary by the regulatory pathway identified in the feasibility study. The following is the master set for the most common pathways, company incorporation plus one sector licence. KAMRIT will issue a specific checklist after scoping your filing.
- PAN card of all proposed directors, partners, or promoters, originals verified, PAN is mandatory under the Income Tax Act 1961 section 139A for any entity filing application on MCA21
- Aadhaar card of all proposed directors and designated partners, eKYC linkage required for DIN application under Companies (Appointment and Qualification of Directors) Rules 2014
- Passport-size photographs of all applicants, required for DIN Form DIR-3 and SPICe+ Part B
- Proof of registered office address, rent agreement, electricity bill (not older than 2 months), and ownership documents or No Objection Certificate from the landlord in favour of the proposed company
- Digital Signature Certificate of at least one director, Class 2 or Class 3 DSC from a Certifying Authority licensed under the Information Technology Act 2000, required for SPICe+ e-filing
- Draft MOA and AOA or INC-2 (for one-person company) or LLP Agreement, aligned to the objects разрешён under the Companies Act 2013 section 4
- Form DIR-3 for DIN allotment to proposed directors, submitted on MCA21 portal with photograph and proof of identity
- Form SPICe+ Part A (name reservation) and Part B (incorporation details), submitted together on the MCA portal, name approved for 20 days validity
- Passport (valid, not expired) for foreign nationals or NRIs proposed as directors, apostilled or notarised as applicable under FEMA regulations
- Board resolution or proposed consent letter from directors agreeing to the appointment and confirming eligibility under section 164 of the Companies Act 2013 (no disqualification from prior company management)
How KAMRIT runs it, step by step
KAMRIT structures the feasibility engagement into six defined stages. Each stage has a deliverable and a timeline estimate. Government processing days are indicated separately as these are outside KAMRIT’s control.
- Regulatory Scoping and Business Model Analysis. Within 2 business days of kickoff, KAMRIT collects your business plan, proposed entity structure, sector of operation, estimated turnover, and capital investment. We map these inputs against the relevant statutory triggers: Companies Act 2013 for incorporation, RBI directions for NBFC, FSSAI Regulations 2011 for food, Drugs and Cosmetics Rules 1945 for pharmaceuticals, and applicable state Acts for shop and establishment registration. The output is a Regulatory Scoping Note identifying every licence, registration, and filing obligation that applies to your proposed business, in the correct sequence.
- Eligibility Diagnostic Against Specific Statutory Thresholds. KAMRIT tests each identified filing against its eligibility conditions using real statutory numbers. This includes DIN and DSC validity under Companies (Appointment and Qualification of Directors) Rules 2014, net worth computation for NBFC under RBI’s Master Direction DNBR. PD 008, turnover threshold for FSSAI central licence under FSS Regulations 2011, and carpet area threshold for RERA registration under section 3 of the RERA Act 2016. Where you fall short of a threshold, we identify exactly what you need to do to qualify before filing: for example, minimum net owned fund of Rs 2 crore for NBFC registration, or Rs 12 lakh annual turnover for FSSAI licence applicability.
- Document Gap Analysis and Checklist Issuance. KAMRIT compares your available documents against the master checklist for each identified registration. For company incorporation, this means checking that PAN, Aadhaar, DIN eligibility, registered office proof, and DSC are all available before SPICe+ filing. For sector licences, we list Form numbers (Form 25/28/28A for drugs, Form B for FSSAI), specify whether notarisation, apostille, or gazette notification is required, and flag documents with expiry dates that need renewal before filing. You receive a prioritised, name-specific checklist, not a generic template.
- Filing Sequence and Government Fee Estimation. For multi-registration businesses (for example, a new food manufacturing company that needs company incorporation, GST registration, FSSAI central licence, and Legal Metrology registration), KAMRIT prepares a filing sequence plan. Company incorporation via SPICe+ on MCA21 is filed first, as the DIN and CIN are prerequisites for GST registration and FSSAI Form B. Government fees are estimated at actual rates: Rs 1,799 for SPICe+ company incorporation (for authorised capital up to Rs 15 lakh), Rs 1,000 per FSSAI state licence, Rs 7,500 per FSSAI central licence, and stamp duty varies by state for MOA/AOA filing. You receive an all-in fee estimate covering KAMRIT’s professional fee plus all estimated government outgoings.
- Feasibility Report Issuance and Filing Execution. KAMRIT issues a bound Feasibility Report that summarises the regulatory map, eligibility findings, document readiness, filing sequence, and fee estimate for your records and for bank or investor presentations. If you have engaged KAMRIT for execution, we proceed with Form filings on your behalf: SPICe+ Part A and Part B on MCA21, Form DIR-3 for DIN, GST REG-01 on the GST portal, FSSAI Form B or Form C, and any state-specific filings. Each form is verified by a KAMRIT qualified professional before submission.
- Post-Filing Follow-Up and Certificate Dispatch. Government processing timelines begin from the date of successful form submission. KAMRIT tracks each filing through the respective portal: MCA21 acknowledgment for company incorporation (CIN typically issued in 3 to 5 working days for straightforward cases), ARN on GST portal for registration (Certificate issued in 3 to 7 working days under normal circumstances), and FSSAI acknowledgement for licence applications (processing varies from 30 to 60 days depending on state food authority). We follow up with the respective authority on your behalf and dispatch the digital and physical certificates to you within 1 business day of receipt.
Timeline
A feasibility study engagement with KAMRIT runs 10 to 18 business days from kickoff to Feasibility Report delivery, entirely within KAMRIT’s control. If you also engage KAMRIT for execution, add the regulator’s processing time on top. Company incorporation via SPICe+ Part A and Part B on MCA21 typically results in CIN issuance in 3 to 5 working days for clean cases with no name objections. GST registration via Form GST REG-01 on the GST portal processes in 3 to 7 working days under normal load, though the government may issue an application for additional information under rule 9 of the CGST Rules 2017 which extends this to 30 days. FSSAI state licence processing by the food authority runs 30 to 45 days; central licence runs 45 to 60 days as it involves FSSAI’s central desk. NBFC registration by RBI is the longest pathway, routinely taking 90 to 120 working days even for complete applications, because RBI conducts a Fit and Proper assessment of the principal officer and the net worth certificate from a chartered accountant. Legal metrology registration under the Legal Metrology Act 2009 typically processes within 15 to 30 days at the state metrology office. KAMRIT factors in these government timelines when preparing your overall project schedule and advises on parallel versus sequential filings to minimise total elapsed time.
How our pricing compares
KAMRIT’s Feasibility Study engagement starts at Rs 1,99,899 for a comprehensive multi-registration feasibility covering company incorporation, GST registration, and one sector-specific licence. IndiaFilings charges Rs 2,999 to Rs 8,999 for standalone incorporation feasibility and Rs 15,000 to Rs 25,000 for a combined incorporation-plus-sector-feasibility package, but their scope is limited to standard checklists and does not typically include FDI mapping, RBI threshold analysis, or multi-state GST applicability review. Vakilsearch prices incorporation feasibility at Rs 5,999 to Rs 12,999 and charges an additional Rs 5,000 to Rs 10,000 per sector licence feasibility add-on, with turnaround of 5 to 7 business days. ClearTax focuses on GST and ITR feasibility and does not offer a unified pre-incorporation plus sector feasibility product; their GST registration service costs Rs 1,499 to Rs 3,999 but excludes the statutory threshold analysis for FSSAI, Drugs, or RERA. LegalRaasta offers the lowest base price at Rs 2,499 for incorporation feasibility but charges separately for DIN, DSC, and name approval coordination, which can total Rs 10,000 to Rs 18,000 when bundled. KAMRIT’s higher base price is justified because we deliver one integrated feasibility report that maps every applicable Act, identifies every filing trigger, sequences the applications correctly, and estimates all government fees, not just the incorporation leg. Government fees (MCA filing fee, stamp duty, FSSAI licence fee, RERA registration fee) are charged at actuals and are not included in KAMRIT’s professional fee; these are disclosed separately in the fee estimate so you have no surprise billing.
Common mistakes KAMRIT avoids
Businesses approaching registration without a feasibility study routinely make the following errors. Each one extends timelines and increases costs.
- Filing SPICe+ before confirming DIN eligibility: if a proposed director has a DIN with disqualification under section 164 of the Companies Act 2013 (outstanding annual returns or financial statements), the incorporation application will be rejected and government fees are forfeited
- Missing the GST registration sequence: GST registration must follow company incorporation because the PAN is the GSTIN basis; filing GST REG-01 before having a CIN results in rejection and a fresh ARN cycle
- Underestimating the FSSAI turnover threshold: businesses with Rs 10 lakh turnover skip FSSAI assuming they are below the Rs 12 lakh threshold, not realising that the threshold is based on the financial year and that a single large order can cross the threshold mid-year, triggering retroactive non-compliance
- Applying for NBFC registration without the Rs 2 crore net worth certificate: RBI’s Master Direction requires a certificate from a chartered accountant confirming net owned funds; filing without it causes automatic rejection and a 90-day cooling-off before reapplication
- Ignoring state-specific shop and establishment timelines: businesses operating from a commercial premises assume they only need a PAN and GST, not realising that the local shops and establishments Act requires registration within 30 days of commencing operations, with separate penalties per day of default in each state
- Using a residential address without NOC: the registered office proof for SPICe+ requires an NOC from the landlord if the premises is leased; using a residential address without proper documentation delays DIN and PAN issuance
- Filing a drug licence application under the wrong Form: Form 25 covers allopathic drug sale, Form 28 is required for allopathic drug manufacturing, and Form 28A for loan licence manufacturing; submitting Form 25 when manufacturing licence is required is a Category A error that restarts the entire application cycle
- Not registering the changes after feasibility-driven structural changes: a feasibility study may reveal that the entity should be structured as a limited liability partnership rather than a private limited company for tax efficiency; businesses that proceed with private limited incorporation without acting on this finding later face conversion costs of Rs 5,000 to Rs 15,000 under the Companies Act 2013