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Showing posts from October, 2024

What is the revenue limit for OPC?

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  A One Person Company (OPC) is a unique type of private company under the Companies Act, 2013, tailored for entrepreneurs who wish to enjoy the benefits of a corporate structure while maintaining sole ownership. OPCs offer several advantages, such as limited liability and simplified compliance compared to traditional private limited companies, making them an appealing option for individual business owners. However, OPCs are subject to specific regulations, particularly concerning their revenue generation. One of the key factors that business owners must keep in mind is the revenue limit that applies to OPCs. This article delves into the revenue limit for OPCs in India, its impact on business structure, and the options available to business owners as they approach or surpass this threshold. Understanding the Revenue Limit for OPCs Under current regulations, an OPC can only operate as long as its revenue remains below a set threshold. This limit ensures that businesses under t...

How can I get my FSSAI license online?

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  The Food Safety and Standards Authority of India (FSSAI) ensures that food products are safe for consumption by implementing strict regulations. If you are involved in the food business in India, obtaining an FSSAI license is a mandatory requirement. This article will provide you with a detailed, step-by-step guide on how to get your FSSAI license online, along with useful tips to streamline the process. What is FSSAI? The Food Safety and Standards Authority of India (FSSAI) is an independent organization created under the Food Safety and Standards Act of 2006. Its primary role is to oversee food safety, establish quality standards for food products, and ensure that consumers have access to safe and healthy food. Every food business operator (FBO) in India, whether small or large, must register with FSSAI to ensure compliance with these regulations. Types of FSSAI Licenses There are three categories of FSSAI licenses based on the size and nature of the business: Bas...