Other Business Registrations
The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect homebuyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016. The Purpose of this Act is:
• To establish the Real Estate Regulatory Authority for regulation and promotion of the Real Estate sector.
• To ensure transparency in projects.
• To protect the interest of consumers in the Real Estate Sector and to establish an adjudicating mechanism for speedy dispute redressal.
• To provide proper information about the Builder.
• Provide recommendations to appropriate Government on in matters relating to the development & promotion of real estate sector.
The Provident Fund can be a great support, safety and assurance for employees as it offers a sense of financial security to the employees. It is regulated by the Employees’ Provident Fund Organization (EPFO), which is also one of the most well-known and biggest Social Security Organisation in India. They handle huge amounts of financial transactions daily. The process of applying for the provident fund is also not a difficult task if you have a professional to help you sort things out.
To be eligible for PF Registration, an organization must fulfil the following criteria:
• A factory with the total employee strength of 20 or more.
Shop & Est Registration
Once you start a business, you have to register your business under the Shop & Establishment Act via the Department of Labour of the respective State Government. The Shops and Commercial Establishments Act, 1958 provides for the regulation and conditions of work and employment in Shops and commercial establishments. Each employer must submit a registration application for his/her shop or for any commercial establishment within 30 days of the start of their new business. This act is one of the mandatory provisions of all the businesses that operate from any establishment or shop.
In India, MSMEs contribute nearly 8% of the country’s GDP, around 45% of the manufacturing output, and approximately 40% of the country’s exports. It won’t be wrong to refer them as the ‘Backbone of the country.’
The Government of India has introduced MSME or Micro, Small, and Medium Enterprises in agreement with Micro, Small and Medium Enterprises Development (MSMED) Act of 2006. These enterprises primarily engaged in the production, manufacturing, processing, or preservation of goods and commodities.
MSMEs are an important sector for the Indian economy and have contributed immensely to the country’s socio-economic development.
Import Export Code
The Importer-Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall be required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies.
IEC is a 10-digit identification number which is mandatory for companies and businesses to obtain this code to start a business that deals with import and export in the Indian Territory. There are certain processes and conditions that you need to fulfill in order to obtain the Import Export Code. You also need to adhere to certain regulations.
Food Safety and Standards Authority of India (FSSAI) is a self-governing organization established under the Ministry of Health & Family Welfare, Government of India which works for the food safety and regulations in India. FSSAI was formed under the Food Safety and Standards Act, 2006 and is responsible for promoting and protecting people’s health through the supervision and regulation of food safety in India.
FSSAI issues food licenses to food business operators across India. FSSAI license has to be obtained by various food business operators, including traders, manufacturers and food stores owners. FSSAI registration is equally important for food business operators.
A trade license is a certificate that gives the permission to the applicant (person seeking to open a business) to commence a particular trade or business at a particular location. However, the license does not allow the holder to any other trade or business than for it is issued. Trade license has been introduced in the country and is being regulated through municipal corporation acts by the state governments. It has been made necessary by the government to carry out any particular business or trade in a particular area and to ensure that no one is carrying out any unethical business practices.
In order for a business to be considered as a legal entity it needs to have a trade license. With a trade license, a business can operate in a commercial space, without fear of being shut down. This provides a display of confidence and competence, in the business and entrepreneur.
Professional Tax is a tax on all kinds of professions, trades, and employment and levied based on the income of such profession, trade and employment. It is levied on employees, a person carrying on business including freelancers, professionals, etc., subject to income exceeding the threshold.
Professional tax is collected by the Commercial Tax Department. The commercial tax department of the respective states collect it which ultimately reaches the fund of municipality corporation.
OUR VISION AND VALUES
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.
Industries we have worked for
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