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Employees Provident Fund is widely known as a saving scheme. Launched by the Indian government, it is entirely meant for the welfare of employees. The fund under the PF scheme accrued overtime with employees and employer’s monthly contribution. EPFO (Employees Provident Fund Organization) is a government-based institution that administers and regulates all the undertakings regarding […]
The sale deed is commonly used when the buyer intends to sell its property to the seller in a legal way. Both buyer and seller can leverage this document for legalizing the process of property transfer. Simply put, a sale deed is a legally binding document that sets out the conditions for the sale or […]
The Foreign Exchange Management Act (aka FEMA) administers the flow of overseas funds coming to India and vice versa. The Act came into effect in 1999, and apart from regulating the funds, it also laid down the FEMA compliances for corporate bodies. Foreign Direct Investment is one of the key sources of funding for the Indian […]
EPF can be completely or partially withdrawn. The facility of the complete withdrawal is accessible to those individuals who either retire or remains jobless for more than 2 months. Meanwhile, partial withdrawal can be availed by those who need to cater to certain obligations such as home loan repayment, medical bill payment, marriage, etc. One […]
Brand creation is not something that you can accomplish overnight. It requires a lot of hard work, extensive thought process, and comprehensive marketing research to see what is working and what’s not. Therefore, it would not be inaccurate to say that it is a tedious and time-consuming process. A successful brand name is a boon […]
The term “Fintech” is a combination of two vital facets of business- Finance & Technology. Fintech is a technology-cum solution that has proven its worth in the banking sector by improving its core functionality. And now it has stretched its footprint over other sectors such as insurance, payment gateway, asset management, and so on. It […]
There are good numbers of people out there who prefer quality over anything else when it comes to buying packaged foods. Packages are the potential indicator of the quality because they enclose vital details like the composition of ingredients and preservatives. People do check these parameters before making payment for a particular packaged food. Mediocre […]
If you intend to sell alcohol-based beverages such as wine, whisky, rum, or beer in India then you would require a liquor license for that. Liquor is usually available in clubs, bars, restaurants, hotels, discos, and pubs. Henceforth, a liquor license is a must-have requirement to open such establishments in India. Legally, it’s an offense to sell […]
Every commercial establishment in India must have Shop & Establishment Registration in place before commencing business activities. The said license is named differently in a different state, so don’t get confused by the terms like trade license or Shop Act license because they are all same. The provisions for shop and establishment registration differ state-wise. […]
On a global scale, India has secured the sixth position in the food and grocery market and fifth position in the retail market. The food manufacturing business is thriving like never before and it is a good time a make an early investment. Food is one of those commodities that never encounter negative demand. As […]
The food business is one of the most profitable business niches around the world. The demand for food items more or less stays positive, even in adverse times. Now, this opens the door of opportunities for start-ups who are willing to make a mark in the food business domain. Most start-ups think that setting up […]
The Tamil Nadu Shop and Establishment Act administers the functioning of companies in Tamil Nadu. The State Department of Labour grants Shop and Establishment licenses to the eligible entities. It’s worth noting that for MSMEs and small-scale industries, this license act as legit evidence of existence. Given below is a detailed guide for obtaining Shop […]
Are you about to open a shopping outlet or a grand amusement park? If so, then you will need to get registered under the Shop and Establishment Act. Carrying out the business operation without this license would compel you to encounter heavy penalties as under the law. This blog will guide you on how to […]
When we think of the general paradigm of property, the first thing that pops up in our mind is physical possessions such as houses and automobiles. In modern society, though, the meaning of property goes beyond what we can see and touch. Technically, physical possessions are referred to as tangible property, something that we can […]