Secondly, labour license is obtained by contractor & not by principal employer. Since you have recruited them directly on your company payroll you are the principal employer for them. So no need to obtain the labour license.
You can mentioned the terms & conditions of an appointment as you can.
you will definitely look for business as you have just started your business, and to get business you should have some registration as Shop & Establishment, Provident Fund, ESIC, Profession Tax, VAT, PAN, Labour Welfare fund, etc. To get such registration you must have proper office may be rented or your own. you need to have proper documents of the place of business to get above registration.
So, if you want to grow your business you must have all legal documents.
19th April 2015 From India, Mumbai