Browsing: Registration & Licenses

Registration and Licenses

Reading Time: 3 minutes Private Security Agencies are organisations involved in providing security services including training of security guards. The operation of private security agencies is governed by The Private Security Agencies Regulation Act, 2005 in short called as‘ PSARA’. With rising concerns about crime and terrorism, the demand for private security services is increasing steadily among the public to protect themselves against different types of crime. This has led to an increase in Private Security Agencies. Learn How to Apply for PSARA License Police of Law and Order is a state subject under the constitutional pattern of lawmaking, however, as the national security is…

Reading Time: 2 minutes Difference between Import Export Code and Import License An import export code is a unique number allotted by the regional office of the director general of foreign trade (DGFT) to an applicant who wish to undertake any export or import activity. In business circles it is known as “Import Export Code, IE Code or IEC”. The IEC is a pan-based registration of persons with the DGFT and remain valid unless it is cancelled or surrendered. In other words, no person can start an Export or Import business unless an IEC is allotted and is valid. Difference between Import Export Code…

Reading Time: 5 minutes Trade License in Bangalore Trade License: A person starting any business has to check whether his trade requires some specific license or not. To register a company provisions of the companies act, need to be compiled, The ROC nowadays publishing to have devised a mechanism to incorporate a company within one day provided all the documents are in order. However, our experience suggests that in most of the cases this timeline is not adhered to and approx. a week time is still required. SETINDIABIZ have ready made packages to begin your business as private limited company starting at just Rs.…

Reading Time: 3 minutes Rejection of Compulsory license application filed by Lee Pharma Rejection of Compulsory license application filed by Lee Pharma As you all know recently Indian Patent Office has rejected Lee Pharma’s compulsory licensing application. Before moving forward with the discussion regarding the decision of Indian Patent Office to reject Lee Pharma compulsory licensing application, let me brief you about the case first. Lee Pharma Ltd. had filed a compulsory licensing application on 25th June 2015 for Astrazeneca’s patented drug Saxagliptin, a drug used to cure diabetes. Lee Pharma pointed out the need to cure diabetes in India and also that the…

Reading Time: 2 minutes FAQ of Food License FAQ of food license Q1. What is FSSAI? Ans: Food Safety and Standards Authority of India is a regulatory authority established under Food Safety and Standard Act 2006 for laying down scientific standards for articles of food and to regulate their manufacture, storage, distribution, sale, and import, to ensure availability of safe and wholesome food for human consumption. Q2. What is the difference between Food registration & Food License? Ans: License is divided into two categories: Central License State License Whether an FBO needs to apply for Central Or State License will depend on the nature…

Reading Time: 3 minutes Fruits Product Order Certification (FPO Certification) Fruits Product Order Certification – FPO Mark is a third party assurance as to the quality of manufactured products and guarantees that the products are manufactured in a healthy and hygienic condition. It ensures that products manufactured conforms to the standards prescribed by Ministry of Food processing Industry as to the quality and conditions thus is fit for human consumption. Fruit Products Order Mark (FPO Mark) is a mandatory certification mark for all processed and packaged fruits in India. Ministry of Food processing Industry is a regulatory authority which certifies and develop standards for…

Reading Time: 2 minutes Agmark Certification Agmark-Agricultural sector plays a very important role in Indian economy. To effectively market the agriculture products in international market and in domestic markets in India standard for agricultural produce & products were required. Government of India through its agency Directorate of Marketing and Inspection (DMI) lays down standards for agricultural products which is implemented at State level. The quality certification for the agriculture produce which assures that the products conforms to the standards laid down by the Government of India is called Agmark Certification. Thus, Agmark is a quality certification for agricultural products provided by the Government of…

Reading Time: 2 minutes SSI Registration In India SSI Registration in India abbreviated for small scale industry registration is an optional registration provided by the Ministry of Micro, Small and Medium Enterprises (MSME) through the State Government Directorate of Industries in order to promote small businesses in India. Though optional, it is strongly recommended to small scale businesses to obtain SSI registration so that the business can enjoy a host of benefits in the form of schemes and subsidies, support, incentives provided by either State or Central Government. List of Benefits Provided by Central Government for SSI Registration Priority sector lending in Banks Excise…

Reading Time: 2 minutes Excise Registration Central Excise Duty refers to the duty which is imposed on the production or manufacture of all excisable goods. Excisable goods are portable and marketable goods that are listed or mentioned in the Schedules to the Central Excise Tariff Act. In order to obtain registration for Central Excise Duty, application for registration needs to be filed with the Superintendent of Central Excise. The superintendent should have the jurisdiction over the premises whereof the registration is to be obtained. The Central Excise Act provides and mandates that every person involved in the manufacture or production of excisable goods shall…

Reading Time: 3 minutes Agricultural Products License in India Agricultural Products License in India Licensing/ Registration of Agricultural products in India. Agriculture with its allied sectors, in India has made a lot of progress since independence. It also contributes a significant figure to the GDP. Agriculture export has increased with special efforts of government of India, making India one of the leading exporters of food grain in international market. All exporters have to register with the Director General of Foreign trade who provides them with an Import Export Code (IEC) number. To get benefits and concessions under the export-import policy, exporters should register with…

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