Udyam Registration is an identification number which is issued to businesses who want to get registered as a “Micro, Small and Medium Enterprises (MSME)” enterprise. Based on the investment and turnover of the business it will get classified into the right category i.e. Micro or Medium or Small enterprise.
A Company is a type of entity wherein the liability of its members or shareholders is limited to their shareholding in the Company. There are two main types of Companies Private Limited Company & Public Limited Company.
The Shop Act is designed to regulate the payment of wages, hours of work, leave policies, holidays, terms of service and other work conditions of people employed in shops and commercial establishments. Shop Act is a mandatory registration and is necessary if the business premises are located in municipal limits. It is compulsory to display this document in a prominent place in the business premises.
Food Safety and Standards Authority of India (FSSAI) is an autonomous body established under the Ministry of Health and Family Welfare, Government of India. It is responsible for protecting and promoting public health through the regulation and supervision of food safety. FSSAI is a mandatory registration/ licence for business entities that engage in food and related activities.
A Business Entity is an entity formed in order to engage in business activity. A business entity is an organisation set-up by the business owners considering the factors such as the size of the business, nature of the business, the number of members involved, capital requirement, etc.
One Person Company (OPC) is a type of Company under the Companies Act, 2013. OPC is a company that has only one person as to its member and another person as their nominee. It can also be said that an OPC is a blend of Proprietorship concern and a Company.
A Partnership Firm is a form of organisation wherein two or more persons enter into an agreement and agree to share the profits of a business carried on by all or any of them acting for all.
Limited Liability Partnership (LLP) is a type of organization in which each partner’s liability is limited to the extent of his/her contribution. It is formed under the Limited Liability Partnership Act 2008. Limited Liability Partnership (LLP) firm is a combination of partnership firm and private limited company, hence LLP enjoys benefits of both types of organizations.
It is an agreement/contract between a landlord and a tenant, whereby the landlord gives the tenant the right to occupy the premises. It is applicable for a duration/ term which is specified in the agreement.
A Trademark is a recognizable sign, design, or expression which identifies products or services of a particular activity. It is in the form of a logo, image, symbol, word(s), letter(s) or colour(s). It is a recognition of the company’s ownership of the brand. Trademarked products are considered as a form of property. Trademarks are often noted by way of ™, or ® if registered.