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The food sector in India is experiencing a fast transition with thousands of sellers, or food entrepreneurs, selling food products one way or another online and offline through retail stores, e-commerce platforms, cloud kitchens, market places, and social media channels. One of the big business models that gained a lot of traction is reselling. Reselling is when you take another brand of third-party manufactured proprietary food items and/or allow it to be sold under your own branding, or as a reseller. Regardless of whether you are reselling a certain brand of packaged snacks, health supplements, flavored powders, nutrition products, several types of bakery mixes, or any pure proprietary food item manufactured and distributed by another brand, it is legally necessary to obtain the correct FSSAI License. FSSAI (Food Safety and Standards Authority of India) regulates the entire country for the manufacture, distribution, and selling of all food products in the country. Therefore, the cor...

It is not uncommon for people in India to run multiple businesses under a single proprietorship. Many people want to develop their business to other sectors or possibly even start another line of business completely separate under a different name (known as a trade name). One of the biggest questions they have in terms of compliance is this: If there is a second business (under a different trade name but the same proprietor) should you apply for another registration under the GST? This is one of the most common questions asked by sole proprietors, freelancers and entrepreneurs looking to grow. The answer has legal, operational and tax implications, so it is important to understand the answer correctly and what it means. In this comprehensive guide, we break down whether you need another GST registration or not, what the law says, what is mandatory, what is optional, and how it affects business operations. This article will make your decision if you are planning to expand your business....

In the current business environment, it is important to keep up to date with high standards of quality management. Many organizations are trying to improve their processes and systems, improve customer satisfaction levels, and move towards compliance with internationally accepted standards. ISO 9001:2015 is one of the foremost recognized quality management systems that provide structured guidance to be certain of the quality of products and services in a consistent manner. Businesses striving for excellence will obtain the ISO 9001:2015 certificate not only to demonstrate to the world they are serious about paying attention to quality, but also to instill trust with their clients, partners, and stakeholders. The primary happiness of a quality manager and owner of a quality business is often the question: Is there an acceptable exclusion in an ISO 9001:2015 quality management system, and if so, under what circumstances? Organizations considering obtaining ISO 9001 Quality Assurance Cert...

The business environment in India is dynamic, and growing businesses are searching for opportunities to grow and scale. One of the transitions many entrepreneurs will consider is converting a One Person Company (OPC) into a Private Limited Company (Pvt Ltd). During the transition, the questions that emerge are numerous but one of the most common and often confusion is: "Can a nominee of OPC directorship become the director in the Private Limited Company?" This article addresses this question concerning the respective legal, procedural and practical realities of such corporate transition for the sake of business owners making fully informed decisions. Understanding OPC and Its Nominee Concept A One Person Company (OPC) is a type of business in India for individuals who want to go into business for themselves. It enables you to run a limited liability corporate structure and, at the same time, have less compliance than a sole proprietorship. The Functions of the Nominee i...

For any company that is currently experiencing development in India, prudent capital planning is one of the most significant aspects of being able to scale your business while also complying with legal obligations. If you’re a startup looking to grow, or a more established company that is being more strategic about its investments, understanding what a company should consider, when, to increase authorized capital—even if the company does not intend to issue shares immediately—is important. Companies commonly believe that increasing capital is only warranted when they plan to issue new shares; however, that is not always the case. In reality, companies often elect to increase authorized capital as a proactive measure, to support operational or other similar strategic financial decisions, to reduce delays associated with compliance, and to enhance their operational and regulatory flexibility. In this comprehensive guide, we highlight the examples and instances when a company may want to ...