Key Facts
643304 at a Glance
Code 643304
Official title Venture companies where the only financing is by shares and no fee is received
Version NIC 2025
Source authority MoSPI
Fi
NIC 2025 MoSPI source NIC 643304 - Venture companies where the only financing is by shares and no fee is received
NIC 643304 classifies venture companies where the only financing is by shares and no fee is received as a final six-digit business activity under Section L and Division 64. Use it when this activity is the main source...
Source Verification for 643304
5 / 10
2 of 4 factors passing
- Verified in official source - Found in NIC_2025.xlsx official MoSPI release dataset.
- International crosswalk available - No official ISIC/NACE/CPC/ISCO correspondence table is bundled in this build input set.
- Migration from previous edition - No legacy migration candidate found in the NIC 2008 converter layer for this code.
- Complete hierarchy chain - All parent levels exist: Section > Division > Group > Class > Sub-class (5 levels).
- Official size/threshold documented - No official code-level size or threshold dataset is included in this source bundle.
- Trade or export crosswalk match - No official NIC-to-HS/export correspondence table is bundled in this source bundle.
- Legacy national crosswalk - No linked NIC 2008 legacy code is available for this record in the current converter layer.
Practical Summary
What Venture companies where the only financing is by shares and no fee is received Means Under NIC 2025
NIC 643304 is the final six-digit endpoint for Venture companies where the only financing is by shares and no fee is received. It should be selected only when the enterprise's primary business activity matches this title more closely than 643301 Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement, 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity.
How To Choose
When to Choose 643304 Over Nearby Codes
Choose 643304 only when operations, invoices and revenue narrative align with Venture companies where the only financing is by shares and no fee is received. If the activity also includes 643301 Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement, 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity, compare those pages before filing.
In this section
643301
Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement
643302 Activities of companies holding financial assets for individuals and families (family trusts), home office
643303 Activities of shareholding companies, not owning controlling levels of equity
643304
643399 Venture companies where the only financing is by shares and no fee is received
Activities of other trust, estate and agency accounts n.e.c.
Common Questions About NIC 643304
Does NIC 643304 cover regulated professional or financial work?
Use the code that matches the service actually provided. Financial intermediation, insurance, real estate, legal, accounting, consulting, engineering, advertising and R&D are separated into different professional service families.
Can an advisory firm use NIC 643304 if it serves another industry?
Usually the firm's own service determines the NIC code, not the client's industry. For example, a consultant serving manufacturers is still a consulting or professional service business if advice is the revenue activity.
How do I verify that NIC 643304 is correct before filing?
Check the parent hierarchy, compare 643301 Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement, 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.
What happens if I use the wrong NIC code in Udyam or MCA registration?
A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.
Is there a legacy NIC 2008 equivalent for NIC 643304?
Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.
NIC 2026 guidance
Before you select NIC 643304
NIC 643304 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.
Data Source and Verification Date
Source layer
Official NIC 2025 Excel and PDF from MoSPI.
Last verified
2026-04-21 from the generated NIC 2025 source layer used in this build.
Disclaimer
This is an independent reference tool. Verify filing-critical decisions in official sources.