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Explore Registrationkraft’s Business blog posts to learn about the business laws, terms used in the business world and more.
Whenever you do business somewhere, each state has its own rules and laws. So, you need to obtain permission from the local authority, which is done through the labor department. This is called the Shop and Establishment Act. What is Shop and Establishment Certificate? Shop and Establishment Certificate ensures that your business operates legally while […]
Have you ever wondered what separates a legally operating company from one that just exists on paper? A Certificate of Commencement of Business is more than just a formality—it’s a crucial legal step that allows a company to officially start its operations. Imagine putting in all the effort to register your company, only to find […]
The Certificate of Incorporation is like a birth certificate for a company, officially recognizing it as a separate legal entity. Issued by the Registrar of Companies (ROC), this document marks the company’s legal beginning. The date mentioned on the certificate is crucial because it determines when the company officially comes into existence. For example, if […]
Before any weighing or measuring product can be sold, used, manufactured, or imported in India, it must meet the standards set by the Legal Metrology Department. As per Section 22 of the Legal Metrology Act, 2009, every manufacturer and importer is required to obtain a Model Approval Certificate. This certificate ensures that the product complies […]
In a world where global trade connects us all, classifying goods correctly is more important than ever. This is where the Harmonized System of Nomenclature (HSN) code steps in—it’s the backbone of smooth taxation, customs procedures, and trade data. Especially under India’s Goods and Services Tax (GST) system, HSN codes hold incredible importance. In this […]
Indians love to wear western clothes, especially those who live in metropolitan areas. The reasons for wearing foreign clothes include a variety of reasons such as to project a modern image and to celebrate cultural exchange. Because of the ever rising demand for western clothing in India, many foreign clothing brands have opened their stores […]
When you hear ” Authorized Dealer Certificate,” you might wonder what it truly means and why it’s important. Let’s break it down and make it easier to understand, especially if you’re considering entering the business of weights and measures. What is a Authorized Dealer Certificate? An authorized dealer certificate or license for weights and measures […]
The Government of India is actively working to boost the number of women entrepreneurs by introducing a range of supportive schemes. One standout initiative in this effort is the Stand-up India Scheme, specifically designed to empower women to turn their entrepreneurial dreams into reality. Through this scheme, the government aims to provide women with the […]
The International Organization of Legal Metrology defines legal metrology as “the application of legal requirements to measurements and measuring instruments.” The legal metrology is a branch of metrology (i.e., science of measurement) that helps to establish standards for the control of measurements and measuring instruments. At the same time, it safeguards public safety, environment, customers, […]
The Foreign Exchange Management Act (FEMA), enacted in 1999, governs foreign exchange transactions in India. FEMA replaced the Foreign Exchange Regulation Act (FERA), aiming to facilitate external trade, payments, and the orderly development of India’s foreign exchange market. This article delves into the key aspects of FEMA, its objectives, regulations, penalties, and recent amendments to […]