Licenses & Registrations
What is a Digital Signature Certificate (DSC)?
A Digital Signature Certificate (DSC) is like a virtual version of a handwritten signature or a physical ID (like a driver's license or passport). It allows you to sign documents online securely and proves who you are when doing so. DSCs are issued by trusted authorities, and they work by using special technology to keep the signature and information safe from tampering.
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Udyam
Micro, small, and medium-sized enterprises (MSMEs) play a vital role in India's GDP,
employing over 110 million people. Despite this, they encounter growth hurdles. To
assist them, the Indian government launched a new classification on 13 May 2020,
designating all MSMEs as 'Udyam' and making 'Udyam Registration' mandatory from 1 July
2020, to offer support and recognition.
Udyam Registration, initiated by the Ministry of Micro, Small, and Medium Enterprises,
aims to categorise Indian MSMEs and provide them with rightful benefits. The
registration process ensures seamless integration with diverse government databases,
including PAN, GST, and IT.
Who can Apply for Udyam Registration?
The Udyam registration portal is the government's online platform for registering MSMEs.
Any enterprise, whether existing or new, can apply for Udyam registration if it meets
the MSME classification criteria. The process is simple and requires minimal
documentation.
What is Micro, Small & Medium Enterprises (MSME)?
Micro, Small and Medium Enterprises (MSMEs) are defined as enterprises that meet the
following criteria:
Investment in plant and machinery or equipment: Up to Rs. 20 crore for medium
enterprises,
up to Rs. 10 crore for small enterprises, and up to Rs. 1 crore for micro
enterprises.
Annual turnover: Up to Rs. 250 crore for medium enterprises, up to Rs. 50 crore
for small
enterprises, and up to Rs. 5 crore for micro enterprises.
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What is ISO Certification?
An ISO certificate is an internationally recognized credential awarded to organizations
that meet standards set by the International Organization for Standardization (ISO).
These standards ensure that businesses follow best practices in quality management,
environmental management, health and safety, and information security. ISO certification
connects responsible business, environmental, and management practices with consumers,
providing a consistent global framework for your organization’s claims about service
quality.
ISO certification occurs when an independent accredited certification body audits a
business to assess compliance with ISO standards, including:
What is FSSAI?
The Food Safety and Standards Authority of India (FSSAI) is a statutory body functioning
under the ministry of health and family welfare and is an organisation that regulates
food safety in India. The main FSSAI role is to regulate the manufacture, sale, and
import of food articles and establish particular standards to ensure food safety
throughout India. It is an autonomous statutory body established under the Food Safety
and Standards Act of 2006. The main purpose of FSSAI is to set and enforce food quality
standards across all the food business sectors in India. It is mandatory for food
business operators to obtain an FSSAI license to conduct their operations without any
hindrance.
Benefits of FSSAI Registration
FSSAI registration provides multiple benefits to food business owners, including
increased brand value, better business expansion, legal benefits, and enhanced consumer
trust. Here is a complete outline of the benefits:
Why is IEC Important for Businesses?
An IEC is very important for any company or business as it allows entry into
international markets, makes customs clearance easier, ensures that all trade
regulations are complied with, and brings business government export benefits. By
simplifying such transactions, an IEC makes trade with other countries easier and
enhances the possibilities of exporting.
How to Register for IEC in India?
An IEC can be very easily registered. All the businesses have to do is provide a PAN
card, an address proof, and a bank certificate, at times a Digital Signature Certificate
(DSC). The whole procedure is done sitting online on the DGFT website. Once registered,
the IEC is valid lifetime, and no yearly update is required. It thus becomes very easy
for businesses to start trading internationally.