The FSSAI (Food Safety and Standards Authority of India), an agency under the Ministry of Health and Family Welfare, is responsible for controlling the quality of food items available for consumption. FSSAI licenses FBOs (Food Business Operators) based on their turnover and location. Food-related businesses, such as those that produce or manufacture food, those involved … Read More “How long does a registered food license last?” »
People who invest in a company are shareholders. How do they get their returns? Are private companies given a share of the profits? We’ll find out. In partnership firms, profit-sharing is an exclusive concept. The shareholders of private limited companies invest their own money. Private limited companies do not have profit-sharing arrangements. What Is The … Read More “What Is Profit-Sharing Among Partners In A Pvt. Ltd. Company?” »
Financial systems are the lifeblood of a company. Companies’ survival and growth are determined by this factor. Public limited companies can easily raise funds by offering securities to the public without limitation, but private firms have a more difficult time raising funds since public invitations are prohibited and the number of members is limited to … Read More “How Can a Private Limited Company Raise Finance?” »
In all states, obtaining a trademark follows a similar process. Although, applying in Mumbai (which is one of the cities with a Trademark Registry Office) is slightly more advantageous. Since it is the largest urban conglomerate in India, Mumbai has the distinct advantage of being India’s commercial capital. There is a lot of competition here, … Read More “How Do I Register A Trademark In Mumbai?” »
Ancient times marked the beginning of the use of marks as an authenticating tool for proving ownership of goods produced by a person as not many people could read and write. As early as the 10th century, there existed the idea of a ‘merchants mark’ or ‘proprietary mark’. During the 14th and 15th centuries, the … Read More “Protect Your Business with a Trademark” »
Former requirements for incorporating an OPC were deemed too strict. The Companies (Incorporation) Amendment Rules 2021 have lifted these provisions, encouraging the incorporation of OPCs. Under the Companies Act of 2013, the One Person Company (OPC) was welcomed by solo entrepreneurs who sought to incorporate their businesses as private limited companies. The key difference between … Read More “Is One-Person Company Really Incentivized?” »
The decision of what business structure is best for their company is typically confusing for new business owners. In general, OPCs and sole proprietorships are similar, but there are certain differences discussed below. Here’s what you need to know about choosing the right business structure. Those who want complete control over their business have two … Read More “Difference Between OPC and Sole Proprietorship” »
An LLP must meet various requirements after being incorporated online. In one example, the LLP must open a bank account in its name. Read on for more information. LLCs, as well as all other business entities, must open a bank account. For its commercial transactions, the LLP needs to be able to receive and transmit … Read More “What Are The Steps To Opening An LLP Account?” »
LLP Registration in India: Benefits LLPs are similar to corporations in that they exist independently from their partners. To form a limited liability partnership (LLP), any amount of minimum capital can be used. LLP partners are liable for only the amount they contributed to the LLP. The primary advantage of establishing an LLP is that … Read More “LLP Registration in India: How Much Does It Cost?” »
Innovative products, services, or procedures result from exploring new territory. Patents ensure countless innovations. Find out what patents are and how they benefit us. “More than 20 civil society organizations working on health issues have written to the government to encourage innovation, eliminate patent restrictions, and reduce the cost of essential medicines and diagnostics.” In … Read More “What Are The Benefits Of Filing A Patent?” »
