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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

All About Export Oriented Unit Scheme

EOU scheme is abbreviation of Export Oriented Units (EOUs) scheme. The EOUs scheme introduced in early 1981 is complementary to the SEZ scheme. It adopts the same production arrangement provide a broad option in locations with reference to factors such as source of raw materials, ports of export, hinterland facilities, availability of technological skills, existence of an industrial base & the requirement for a larger area of land for the… Read More »All About Export Oriented Unit Scheme

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

Subsidiary Office Benefits in India

A foreign company can start operations in India by incorporating the subsidiary company under the Company Act, 2013. Subsidiary Office is treated as a domestic company under laws of Indian taxation and is eligible for all exemptions, deduction advantages as applicable to any other Indian Company. The Indian subsidiary company is a company whose interests are held and controlled by another company. Compare to Branch office and Liaison office, Indian… Read More »Subsidiary Office Benefits in India

Benefits of business in SEZ (Special Economic Zone)

A special economic zone (SEZ) is an area within a country that is subject to different economic rules and regulations than other regions within the same country.  Firstly, the primary objective of this SEZ policy was to enhance foreign investment in India and to provide a globally competitive and conducive environment for exports. Later, legislation was duly passed which allowed SEZs to provide tax breaks to the foreign investors. However,… Read More »Benefits of business in SEZ (Special Economic Zone)

LLPs and FDI in India

Limited Liability Partnership form of business in India comes under the Limited Liability Partnership Act, 2008 has become a popular form of business entity in India owing to its simplified process for registration & maintenance. LLPs allow many of the small and medium-sized to enjoy a separate legal entity, improve transferability and provide its promoters with limited liability protection. Limited Liability Partnership act as a hybrid entity with benefit of… Read More »LLPs and FDI in India

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?

All About FCRA Registration

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

FDI Policy in Defense Sector

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 Registration Eligibility

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