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CA SRIYANS

All About FoSCoS

FoSCoS is abbreviated form of Food Safety Compliance System has been operational in nine States/UTs viz. Manipur, Puducherry, Ladakh, Tamil Nadu, Delhi, Gujarat, Odisha, Chandigarh, Goa w.e.f. 1st June 2020. Food Safety and Standards Authority of India (FSSAI) is now ready to extend FoSCoS to entire country w.e.f. 1st November 2020. Since 2011, the FSSAI’s online licensing platform known as FLRS (Food Licensing and Registration System) is the main source… Read More »All About FoSCoS

How To Set Up Export Oriented Unit In India

Export Oriented Unit introduced in 1981, the Export Oriented Units (EOU) scheme having aim to enhance exports from India, to thereby increase foreign exchange earnings and generate employment. This scheme also complements other schemes like Free Trade Zone (FTZ) & Export Processing Zone (EPZ). The provisions of Chapter 6 of the Foreign Trade Policy and its process are applicable to EOU, as well as to Electronics Hardware Technology Parks (EHTPs),… Read More »How To Set Up Export Oriented Unit In India

Additional Director Appointment under Companies Act, 2013

Any Individual can be appointed as an Additional Director by a company under Companies Act, 2013-section 161. If the Board of Directors(BOD) needs one more director to be appointed in company because of any reason and neither can wait till the upcoming AGM nor want to hold an EGM, then Board of Directors can appoint an additional director. For additional director appointment, the AoA (articles of association) must contain a… Read More »Additional Director Appointment under Companies Act, 2013

How to Get the FSSAI License?

FSSAI is also termed as Food Safety and Standards Authority of India who governs the food business in India. It is government body which under the Ministry of Health & Family Welfare, Government of India. Food Safety and Standards Authority of India has been established under the Food Safety and Standards Act, 2006 which is a consolidating law related to food safety & regulation in India. It is essential for… Read More »How to Get the FSSAI License?

Post Incorporation Compliances for OPC

OPC- One Person Company is a kind of company established under the Companies Act, 2013. This kind of business structure enables a solo Entrepreneur to begin and manage the limited liability entity. The main agenda of the OPC establishment is to support individual Enterprises. Here are some points of Post Incorporation Compliances for One Person Company: – File Documents for Registered Office Address If you have missed to fill RO… Read More »Post Incorporation Compliances for OPC

Auto Calculation of Route Distance for Generation of E-Way Bill

Electronic-way Bill – associate electronically generated document that is needed to be carried for movement of products price extraordinary Rs fifty,000. The validation of e-way bill is for a definite time-period, supported the sort of merchandise being transported and therefore the distance between supply and destination. Distance between supply and destination was perpetually major issue whereas making E-way bill among alternative issues. Now, E-waybill system is being enabled to machine… Read More »Auto Calculation of Route Distance for Generation of E-Way Bill

Post Incorporation Compliances for Private Limited Company

When your company is incorporated, a set of compliance-related formalities must be completed to maintain compliance as mentioned in the Companies Act, 2013. Non-compliance could lead to penalties on the Directors and the Company that is why it is essential for those incorporating a company to be aware of the post-incorporation compliance requirements of a company. Obtaining the Certificate of Registration for your Company is an exciting and memorable moment… Read More »Post Incorporation Compliances for Private Limited Company

Post Incorporation Compliances for LLP

Nowadays the procedure of incorporating a company has been made easier which encourages full compliance by the companies. The management need to be fully aware of the post-incorporation compliance to avoid penalties. Obtaining the Certificate of Registration for your Company is an exciting and memorable moment in your business start-up journey. You might have gone through the procedure of arranging needful and required documents as per prescribed standards of MCA… Read More »Post Incorporation Compliances for LLP

Nominee Under One Person Company

To register an OPC, a nominee must be designated by the sole director of the company. Because one person companies only have one director, the nominee would become the member of the company in case of the death or incapacitation of subscriber. According to the first provision to section 3(1) of the Companies Act 2013, at the time of incorporation of OPC, the sole member of OPC is needed to… Read More »Nominee Under One Person Company

Disadvantages of LLP

Limited Liability Partnerships also referred as LLP and introduced in 2000 by the Partnerships Act 2000 to provide partnerships with the limited liability previously only available to companies. LLP’s may be suitable when the earnings of partners are defined clearly and not simply added to one pot and distributed by dividend. In LLP, the earnings of the members are counted as personal income. The Limited Liability Partnership (LLP) gives you… Read More »Disadvantages of LLP