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?
Foreign contribution regulation Act 1976 is a law of government of India which manages receipt of foreign contributions. This law is implemented through the ministry of Home affairs, Government of India. To regulate the foreign contribution received by any individual or company the Government has consolidated all the laws & regulations relating to such transactions. For this purpose, Foreign Contribution (Regulation) Act, 2010 was introduced. This was done to build… Read More »All About FCRA Registration
New Horizons of Growth is the phrase used by Union Finance Minister while introducing fourth part of Atmanirbhar Bharat Abhiyan. Some significant sectoral reforms were announced under the Atmanirbhar Bharat Abhiyan. It covers 8 major sectors in India which are as follow Coal Minerals Defence Civil Aviation Space Power Social Infrastructure Atomic Energy On 17 September 2020, India’s DPIIT also known as Department for Promotion of Industry and Internal Trade,… Read More »FDI Policy in Defense Sector
OSP is an abbreviation of “Other Service Providers”. Other Service Provider (OSP)is a company that provides applications services that encompass IT enabled services such as Tele-Banking, Tele-Marketing, Tele-medicine, and others. The Other Service Providers Category was introduced in New Telecom Policy, 1999 (NTP-1999) framework. The OSPs like tele-banking, tele-trading, e-commerce, etc. allowed to operate non-telecom services by using infrastructure provided by numerous authorized access providers. Considering the advancement in technology… Read More »OSP Registration Eligibility
FSSAI is commonly known as Food Safety and Standards Authority of India which is an organization that monitors & governs the food business in India. It is an autonomous body who worked under the Ministry of Health & Family Welfare, Government of India. The FSSAI established and work under the Food Safety and Standards Act, 2006 (FSS Act) which is a consolidating statute related to food safety and regulation in… Read More »Annual Return Under FSSAI
Annual return on Foreign Liabilities and Assets (FLA) has been notified under FEMA which is required to be submitted by all the Indian Companies which have received Foreign Direct Investment (FDI) or companies who invest in foreign companies in the previous years including the current year i.e. who carry foreign Assets or Liabilities in their Balance Sheets. FLA annual return need to cover all the foreign investments made by the… Read More »Foreign Liabilities and Assets Annual Return
DPT–3 form is the statement return which is needed to be filed by every company except government company which has accepted deposits as per the definition mentioned in section 73 and rules made thereunder. DPT–3 form is filed as per the rule 16 of Companies (Acceptance of deposit) rules. It is a one-time return form of loans that required to be filed by a company who has outstanding loans not… Read More »All About DPT-3
Director Identification Number also known as DIN, refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN is earned by filing a form known as e-Form DIR-3, which was initially a single-time process to be carried out by the one who wishes to become a director in one or more than one company. Important… Read More »All About DIR KYC-3
According to Companies Act, 2013- section 96, companies need to hold their Annual General Meeting (AGM) within a period of six months from the date of closing of the financial year (FY). The company who are going to hold their first AGM will be held within a period of nine months from the date of closing of the financial year (FY) of that company. The MCA (Ministry of Corporate Affairs)… Read More »AGM Through VC or Other OAVM For FY 2019-20
The Ministry of Corporate Affairs (MCA) has clarified that its recently announced decision of asking corporates and limited liability partners (LLPs) to submit a form which is web-based to confirm their readiness to deal with the Covid-19 threat is “purely voluntary”. There will be no fee applicable for the CAR aka Company Affirmation of Readiness towards Covid-19 form, and it is completely voluntary. According to MCA, the CAR form is… Read More »COVID-19 VOLUNTARY WFH Declaration for Companies & LLPs-MCA