How To Avail FSSAI License Online Easily?

The Food Standards and Safety Authority of India (FSSAI) is the in charge supreme authority of directing and regulating the food safety. It is mainly responsible for carrying all the Food Business Operators (FBOs) keeping in mind the end goal to get an FSSAI License. The FSSAI issue the food license which is required to ensure the food quality in your business & also for the advantages one from the government.

FSSAI License guarantees the safety and security of food in India. FSSAI is an office under the control of Indian government which is related to the health and family affairs. It has been established under the 2006 Act of food safety & security. It is essentially an association made for ensuring the wellbeing of the general population. It supervises the health of the public in general through this act. The central government selects the chairperson of the FSSAI, among the people who are in the field of home science. It is essential for all the producers, dealers, and restaurants to get this FSSAI License.

How To Apply For FSSAI Registration?

FSSAI has been made for setting down science based standards for food and to regulate their storage, manufacture, distribution, sale & import to guarantee the accessibility & availability of food for human. If you want to apply for FSSAI Registration then have a look on the following procedure:-

• In order to get valid FSSAI License, you must have a personal email id & Mobile Number which is permanent or active,
• You name must be spelled correctly in the application as well as the License,
• Once the submission of application is successful, the system will generate a unique Reference ID for your application.
• Take out the print for “Acknowledgement” & “Online Application Form”,
• Attach the demand draft for paying the fee and attach the required documents,
• After the attachment submit your application to the State Authority or Regional Office of FSSAI.
FSSAI provides three types of license which is generally based on the food business of the applicant and its turnover also:
• Basic License-if the turnover of your food business is less than 12 lakh then Basic FSSAI License is provided.
• State License-If the turnover is between 12 lakh to 20 crore,
• Central License-turnover above 20 crore.

The documents required for FSSAI Registration is a passport size photo of food Business operator (FBO), identity card like Ration Card, PAN card, Passport, Driving License, Aadhaar card, etc. If any applicant has supporting documents such as NOC by panchay at or municipality or Health NOC then they can also submit this.

What Is The Importance Of FSSAI License?

A food license is generally a permit which is a prerequisite for all the business that comes under the category of food related operations. This guarantees the high food quality for the welfare of peoples, if anybody is found not following these rules of government then certain actions are taken against them. Being an entrepreneur, the FSSAI License is an awesome method of promoting your business and the items that you are providing. Peoples have turned out to be educated on the things to maintain a strategic distance from what that can affect their health, they really feel more quiet devouring whatever it is that you are offering. Businesspeople buckle down in order to advance their sale and consequently this license really proves to be useful for any individual who needs a lift in their food business.

Original Source - https://swaritadvisors.com/learning/how-to-avail-fssai-license-online-easily/

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Why NBFC Registration is Required in India?

What is NBFC?

NBFC stands for a non – banking financial company, it’s a company registered under the “companies act 1956”. It involves the principal business of lending the investments in -

1) Stocks

2) Shares

3) Bonds

4) Debentures

5) Or leasing

6) Or insurances

7) Hire purchases

8) Insurance businesses

9) Involvement in chit business on a bigger scale or something involving getting deposits under any agreement or a scheme.

NBFC is under RBI preview and this article shall help you to understand about NBFC registration in India and Its rules and regulations governing the operations.

When can you not do an NBFC Registration?

NBFC is a company that is registered under the company’s act 1956 as stated above, and with the activities similar to the banking system. However, there are few differences, which are as followed:-

1) NBFC unlike a regular bank, can’t accept demand deposits.

2) NBFC also can’t draw a cheque issued on itself.

3) The bank deposits are insured by the credit guarantee corporation and /or deposit insurance.

An NBFC just like any other regular bank apart from the above differences mentioned engage in other businesses like making loans, trading of shares, stocks, bonds, securities and debentures etc. and other mentioned in the 1st list of this article but doesn’t involve into an institution that has principal business with respect to agriculture activity or industrial activity and purchase and sale of any products that’s other than security, also provide services and sales/purchase or construction of non motile property. Also, the company involving principal business of receiving deposits and scheme or arrangement in the instalments by the way of contribution in any manner is also a form of NFBC. NBFC is categorized in taking deposits and not taking of the deposits.

What are the Basic Requirements of NBFC Registration with RBI?

By the sec 45-IA of the RBI act 1934, none of the companies in India are allowed to carry on any business of NBFC institution without the getting a certificate of NBFC Registration and having net owned funds of Rs 2crores. The NBFC registration is required as it incorporates sec-3 of companies act 1956 and having at least a minimum of net owned funds minus the amount that’s invested in shares of subsidiaries, companies in same group and all other NBFCs, outstanding loans and the book value of debentures and bonds, the advances that include hire purchases and financial lease made for deposits and subsidiaries and companies of the same group.

The owned funds is an aggregated paid up capital of equity, the preference shares that are compulsory to convert to equity, the free reserves and balance in the shares premium account and monitory or capital reserves that represent the surplus that arise out of the sales and proceeds of the assets. This is excluding the reserves generated by the revaluation of assets which is after deduction of collective accumulation balance of loss, deferred revenue expenditure and other assets.

 
Original Source - https://swaritadvisors.com/learning/why-nbfc-registration-is-required-in-india/

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