Key Facts
649904 at a Glance
Code 649904
Official title Activities of trade of receivables by individuals
Version NIC 2025
Source authority MoSPI
Fi
NIC 2025 MoSPI source NIC 649904 - Activities of trade of receivables by individuals
NIC 649904 classifies activities of trade of receivables by individuals as a final six-digit trade activity under Section L and Division 64. Use it when this activity is the main source of revenue.
Source Verification for 649904
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.
Who typically uses this NIC code?
This code typically applies to:
Sales Consultant (Auto Finance)Sales Officer (Auto Insurance)Equity DealerBroker, Share MarketInsurance Representatives, Other
Source: NCO-2015-OFFICIAL, 2026-05-12
Related classifications
Practical Summary
What Activities of trade of receivables by individuals Means Under NIC 2025
NIC 649904 is the final six-digit endpoint for Activities of trade of receivables by individuals. It should be selected only when the enterprise's primary trade activity matches this title more closely than 649901 Activities of investment and trading activities on Own-account, e.g., venture capital companies or investment clubs, 649902 Activities of acting as a counterparty for clearing and settlement of transactions, 649903 Activities of dealing in financial markets by individuals.
How To Choose
When to Choose 649904 Over Nearby Codes
Choose 649904 only when operations, invoices and revenue narrative align with Activities of trade of receivables by individuals. If the activity also includes 649901 Activities of investment and trading activities on Own-account, e.g., venture capital companies or investment clubs, 649902 Activities of acting as a counterparty for clearing and settlement of transactions, 649903 Activities of dealing in financial markets by individuals, compare those pages before filing.
In this section
649901
Activities of investment and trading activities on Own-account, e.g., venture capital companies or investment clubs
649902 Activities of acting as a counterparty for clearing and settlement of transactions
649903 Activities of dealing in financial markets by individuals
649904
649905 Activities of trade of receivables by individuals
Activities of Securities and derivatives operated by individuals
649906 Activities of securitization transactions of assets other than loans by issuing financial instruments
649907 Activities of Issuing of crypto assets with a corresponding liability (not by a monetary authority)
649908 Activities of trading of crypto assets with a corresponding liability by individuals
649999 Other financial service activities n.e.c., except insurance and pension funding activities
Common Questions About NIC 649904
Does NIC 649904 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 649904 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 649904 is correct before filing?
Check the parent hierarchy, compare 649901 Activities of investment and trading activities on Own-account, e.g., venture capital companies or investment clubs, 649902 Activities of acting as a counterparty for clearing and settlement of transactions, 649903 Activities of dealing in financial markets by individuals, 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 649904?
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 649904
NIC 649904 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.