FSSAI stands for Food Safety and Standards Authority of India. FSSAI has been created for laying down science based 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. FSSAI license is mandatory for any food business whatever form they may be involved either Manufacturers, Traders, Restaurants who are directly involved in any food business will have to obtain a 14-digit Registration No. or a license number which must be printed on food products / packages.
Ministry of Health & Family Welfare, Government of India is the Administrative Ministry for the implementation of FSSAI. The government takes necessary steps in order to ensure that food products undergo prescribed quality checks, thereby reducing the instances of adulteration, substandard products and to improve accountability of manufacturers.
Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 10 million) should seek registration with the Director of Industries of the concerned State Government.
The main purpose of Registration is to maintain statistics and maintain a roll of such units for the purposes of providing incentives and support services.
States have generally adopted the uniform registration procedures as per the guidelines. However, there may be some modifications done by States. It must be noted that small industries is basically a state subject. States use the same registration scheme for implementing their own policies. It is possible that some states may have a 'SIDO registration scheme' and a 'State registration scheme'.
The registration scheme has no statutory basis. Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. The regime of incentives offered by the Centre generally contains the following:
MSME stands for micro, small and medium enterprises, and these are the backbone of any developing economy. To support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
The MSME registration is not statutory. However, the MSME registration process in India has been conceptualized to provide maximum benefits to all types of enterprises. After registration, any enterprise becomes qualified to reap the benefits offered under the MSMED Act. Some of the benefits from Central Government include easy sanction of bank loans (Priority sector lending), lower rates of interest, excise exemption scheme, exemption under Direct Tax Laws and statutory support such as reservation and the interest on Delayed Payments Act. MSME registration can be obtained for manufacturing as well as service enterprises. Though the MSME registration is not mandatory, it is beneficial for business
Professional Tax is levied by the Karnataka State Government as a Indirect Tax on Profession, Trade, calling or Employment. The states are empowered to levy this tax by virtue of constitutional powers under article 276 of the constitution of India. PT in India was first introduced in the year 1949 at a rate of Rs. 250 which is 2500 now for each year. The state governments has been asking parliament to raise the limit of 2500 to Rs. 7500 so that the professional tax becomes a source of major revenue for the states. It is imperative to take note that PT is levied on slab basis as income.
The professional tax in case of employment is required to be deducted by the employer while making payment of salary at the rate prevalent in the state in which employee is serving. The rate of professional tax is different from state to state. Professional tax in Karnataka is levied under the “Karnataka Tax on Professions, Trade, Callings and Employment Act 1976”. We provide comprehensive services to assist our clients in meeting the compliances.
Such services include -
The Shops and Establishments Act regulates conditions of work, lists rights of employees in the un organized sector and provides a list of obligations for every employer. It applies nationwide to shops, commercial establishments, hotels, restaurants, eating houses, theatres and other places of public amusement or entertainments. Every shop and establishment is required to register itself under the Act within 30 days of commencement of work, whether or not it has employees. It is mandatory to obtain the Shops & Establishment Registration in the State of Karnataka unless the Government has exempted the specific category of Business otherwise.
IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies. This is primarily required by a person for exporting or importing goods. All businesses which are engaged in the trade of Import and Export of goods mandatorily require registering Import Export Code. IE code has lifetime validity. Importers are not allowed to proceed without this code and exporters can’t take benefit of exports from DGFT, customs, Export Promotion Council, if they don’t have this code.
The IE Code must be quoted by importers while clearing customs. Banks & Financial Institutions require the importers IE Code while sending money abroad. Regarding exporters, IE Code must be quoted while sending shipments. Business Houses / Banks require the exporters IE Code while receiving money from abroad. The IEC does not apply to technology and services. However, it does in certain cases in which international trade is restricted, such as nuclear weapons and automatic guns.
The Government is the single largest buyer of a variety of goods. With a view to increase the share of purchases from the small-scale sector, the Government Stores Purchase Programme was launched in 1955-56. NSIC registers Micro & small Enterprises (MSEs) under Single Point Registration scheme (SPRS) for participation in Government Purchases.
Micro & small Enterprises which are in continuous production of stores for one year or more and are registered with the Director of Industries (DI) as manufacturing SSI Unit/Small Scale (industry related) Service & Business Enterprises(SSSBE), who own workshop of their own or on lease basis and have the commercial and technical competence to produce stores/provide services for supply to the Government Departments such as DGS&D, Railways, Defense, P&T, Central/State Government Departments and Central/State Government Public Sector Undertakings etc. conforming to BIS or such standards as required by the Government buying agencies
The units registered under Single Point Registration Scheme of NSIC are eligible to get the benefits under the Public Procurement Policy for Micro & Small Enterprises (MSEs) Order 2012 as notified by the Government of India, Ministry of Micro Small & Medium Enterprises, New Delhi vide Gazette Notification dated 23.03.2012.
A society is an organized group of individuals whose main objective is to serve society and not to earn a profit. The Governing Body Members are entrusted with the day-to-day management of the affairs of the society. Whereas, the General Body Member’s duties include the election of Governing Body Members, alteration of rules and regulations, name and objects, if necessary. Under the Society Registration also entitles a foreigner also become a society member in India.
In Karnataka, there are two legislations that enable you to form an association of apartment owners, Karnataka Apartment Ownership Act (KAOA), 1972 and Karnataka Societies Registration Act (KSRA), 1960. KAOA, 1972 is a special legislation that exclusively covers residential apartments.
The societies related to the promotion of charity, education, science, literature or Fine Arts, Promotion of Sports, the instruction and diffusion of knowledge relating to commerce or industry or any other useful knowledge ,diffusion of political education ,maintenance of libraries, the promotion of conservation and proper use of natural resources may be registered under the Karnataka Societies Registration Act,1960.