Food businesses in India attract myriad compliances and strict regulations from several authorities. One authority that comprehensively governs these entities is known as FSSAI. This apex regulator operates under the FSS Act 2006 and advocates utmost food safety and hygiene.…
A food license is a compulsory legal document that legitimizes food business operators i.e. FBOs. The license is granted by FSSAI by filing a prescribed application and sharing supporting paperwork. As per the Food Safety and Standard Act 2006, every…
A food license is a legal document that makes a food business legitimate and valid. Entities serving the food supply chain in any way are liable to secure this approval from the apex regulator FSSAI, which is abbreviated for Food…
A food license serves as a mandatory legal approval for food businesses in India. From packaging facilities, food suppliers, and production units to eateries, food registration applies to almost all entities serving the food sector irrespective of turnover and operational…
A food license is a basic legal approval for running a food establishment in India regardless of business nature and operational footprint. Food license in Maharashtra or anywhere else falls under the legislation viz. Food Safety and Standards (FSS Act…
The takeover of an NBFC is a strategic business move that requires considerable money and adherence to myriad compliances. Ever-tightening RBI norms have made life difficult for most NBFCs, often leading to temporary or permanent halts of business activities. When…
From licensing to operations, the Reserve Bank of India (RBI) regulates various aspects of Non-Banking Financial Companies (NBFCs) across India. The comprehensive supervision enhances their transparency and keeps them on track from a legal standpoint. Over the years, NBFC norms…
There is an increasing demand for credit across corporate and industrial sectors. Unlike conventional institutions and banks, NBFCs play a more commendable role in upholding this demand with easy credit facilitations. Many businesses plunge into the NBFC regime owing to…
The dynamic nature, endless compliances, and stiff competition make it hard for most NBFCs to operate seamlessly for long. Since these firms experience myriad and delicate transactions, they are bound to abide by RBI’s stringent norms to stay transparent, legitimate,…
NBFCs have long been supporting the financial sector by augmenting credit accessibility and financial inclusivity. Their contribution to thriving the corporate and financial landscape is unprecedented and invaluable. Similar to traditional banks, NBFCs offer various services with few exceptions. NBFCs…