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In this competitive market, one has to maintain their quality of the manufactured product, otherwise it will be quite difficult to survive in this scenario. While maintaining the product quality, the company must have ISI certification issued by the Bureau of Indian Standards (BIS). The BIS ISI certification for aluminium and aluminium alloy bars is […]
Skimmed milk powder is a versatile and widely used dairy product that has many advantages for food manufacturers and consumers alike. While it may not be suitable for everyone, it remains a popular ingredient in a wide range of food products and is likely to continue to be used for years to come. Thus obtaining […]
The Central Government of India has issued certain rules regarding the insertion of electronic instructions for use (e-IFU) for medical devices. The rules are meant to ensure that patients receive clear and comprehensive instructions on the use of medical devices. Here in this article we shall give a detailed understanding of the Central Government rules […]
Low heat Portland cement is a type of Portland cement that produces less heat during the hydration process than ordinary Portland cement. The hydration process is the chemical reaction that occurs when water and cement combine to form a hard, durable material. It is designed to minimize the heat of hydration that can lead to […]
As per the Companies Act 2013, there are various registers which is required to maintain by every company and that report shall be kept in the registered place of business either in hard copy or in soft copy. Thus, in this article we shall discuss about the members who are listed as the Statutory Registers […]
The Food Safety and Standards Authority of India (FSSAI) is the regulatory body responsible for ensuring food safety and hygiene in India. In order to operate a food business in India, it is mandatory to obtain an FSSAI food license. This blog discusses about the details of FSSAI food License and its benefits along with […]
GST (Goods and Services Tax) is an indirect tax that is applied on the supply of goods and services in India. It is a comprehensive tax system that has replaced multiple taxes such as VAT, excise duty, and service tax. Form GSTR-7A is a return that is required to be filed by the tax deductor […]
Filing a reply for Form GST DRC 22 is an important aspect of the Goods and Services Tax (GST) compliance process. GST DRC 22 is a notice issued by the GST department when they have detected any discrepancies or errors in the GST returns filed by a registered taxpayer. The notice is issued under section […]
The reduction of share capital in India is governed by the Companies Act, 2013, and the rules made thereunder. The process involves obtaining the approval of the company’s shareholders, as well as the approval of the National Company Law Tribunal (NCLT)[1]. The company must also publish a notice of the proposed reduction of share capital […]
In company law, the book of accounts refers to the records that companies are required to maintain to track their financial transactions and activities. The purpose of maintaining a book of accounts is to provide an accurate and complete record of the Company’s financial position, performance, and cash flows. In this blog, we will discuss […]
Input Tax Credit (ITC) refers to the credit that a business can claim for the taxes paid on inputs (goods or services) used in the production or supply of goods/services. In other words, it is the credit that a business can claim for the taxes paid on inputs used to generate revenue. For example, if […]
It is always believed that share capital is the most convenient way to increase one’s money. But let’s just understand what the meaning of share capital is. Share Capital is the possession of the company or any organization by two or more than two individuals. In this article we shall go through the details about […]
ISI stands for Indian Standard Institute and is a certification mark for products sold in India that meet the standards set by the Bureau of Indian Standards (BIS). Packaged drinking water is one of the products that require ISI certification in India. ISI certification for packaged drinking water is mandatory as per the BIS Act, […]
The medical device industry in India is expected to experience significant growth in the coming years. According to a report by Deloitte, the medical device market in India is projected to reach USD 50 billion by 2025, with a compound annual growth rate[1] (CAGR) of 15.8% from 2020 to 2025. Various factors are contributing to […]