When a medical device is ready to be sold in Europe, manufacturers must acquire a CE Mark, which represents the minimum safety and quality standards set forth by the European Union. Additionally, before a product can obtain its CE Mark, the manufacturer will need to complete a clinical evaluation using a number of clinical trials to assess performance and safety of the device. Ultimately, the question of how many patients you should include in your clinical trial, for your de

As industries are changing faster than ever before, companies around the world are focusing efforts on making sure their workplaces are safe for all employees. Companies are expected not only to be compliant with regulations but also to take proactive steps to protect their employees from injury or illness while simultaneously minimizing their environmental footprint. One of the most widely accepted international management system standards that help companies achieve this ba

The first big question that many entrepreneurs, non-profits, and aspiring social entrepreneurs ask when registering a Section 8 Company in India is whether they can use their home address. If you want to keep operating costs low and stay compliant with federal law while starting an organization, a residential address can absolutely be registered as the address for a Section 8 company as long as all compliance criteria are met. There is no law that prevents a Section 8 company

When considering launching a new business in India, you must also consider registering trademarks for your company. Most people assume that a Private Limited Company (PLC) can have only one registered company name, but this is not correct. A PLC may register multiple trademarks representing goods, services, brand identities, etc. In fact, this is a common practice among many companies looking to grow their businesses, diversify their offerings, and secure their IP rights in a

One of the first strategic decisions that an entrepreneur will make is the choice of a business structure. The Limited Liability Partnership (LLP) is currently the most commonly chosen structure for startups, consultants, professionals, SME owners and Global Businesses entering India. The question that usually arises is, "Is there a difference in the registration of an LLP regardless of whether it is formed by either all-resident or non-resident and/or Foreign partners?" At f

Operating a business in India entails numerous compliance-related work, one of the most vital that an organization must fulfill is filing an Income Tax Return (ITR) each financial year. In reality, an organization continues to intend to file its tax return has missed the return for one (or more) financial year due to inconsistency, or simply ignorance of whether they should file at all as a consequence of being too busy running or having some operational issue, not seeking pr

In the current compliance landscape where digitization is the new norm, and all of India’s statutory filings including income tax, GST, MCA filings, and audit report can be submitted completely online, one of the questions raised most frequently from the taxpayer, auditor, and business owners is: “Is a Digital Signature Certificate (DSC) required to approve and submit an audit report online on the income tax portal?” The short answer is YES, but with exceptions. To fully answ

Converting a traditional partnership firm into Limited Liability Partnership (LLP) is, now days, considered one of the most important business decisions for growing business in India. The conversion provides greater operational flexibility, limited liability, easier compliance, and a more credible form for investors and stakeholders. However, when this conversion takes place, a question which almost always arises is: Can an NRI (Non-Resident Indian) add as a new member or par

The food sector in India is experiencing a fast transition with thousands of sellers, or food entrepreneurs, selling food products one way or another online and offline through retail stores, e-commerce platforms, cloud kitchens, market places, and social media channels. One of the big business models that gained a lot of traction is reselling. Reselling is when you take another brand of third-party manufactured proprietary food items and/or allow it to be sold under your own

It is not uncommon for people in India to run multiple businesses under a single proprietorship. Many people want to develop their business to other sectors or possibly even start another line of business completely separate under a different name (known as a trade name). One of the biggest questions they have in terms of compliance is this: If there is a second business (under a different trade name but the same proprietor) should you apply for another registration under the

In the current business environment, it is important to keep up to date with high standards of quality management. Many organizations are trying to improve their processes and systems, improve customer satisfaction levels, and move towards compliance with internationally accepted standards. ISO 9001:2015 is one of the foremost recognized quality management systems that provide structured guidance to be certain of the quality of products and services in a consistent manner. Bu

The business environment in India is dynamic, and growing businesses are searching for opportunities to grow and scale. One of the transitions many entrepreneurs will consider is converting a One Person Company (OPC) into a Private Limited Company (Pvt Ltd). During the transition, the questions that emerge are numerous but one of the most common and often confusion is: "Can a nominee of OPC directorship become the director in the Private Limited Company?" This article address

For any company that is currently experiencing development in India, prudent capital planning is one of the most significant aspects of being able to scale your business while also complying with legal obligations. If you’re a startup looking to grow, or a more established company that is being more strategic about its investments, understanding what a company should consider, when, to increase authorized capital—even if the company does not intend to issue shares immediately

The role of a director of a company is one of both prestige as well as responsibility. Directors are important in navigating a company towards compliance, growth, and governance. There may come a time where a director wishes to resign for personal, professional or strategic reasons. However, this raises a simple question, can a director resign without notice or the permission of the board? In India, the resignation of a director   is regulated by the Companies Act, 2013, whic

Partnership firms are one of the most adaptable structures for doing business in India. They provide a flexible working environment to a group of individuals, each with specified roles, responsibilities, and arrangements for sharing profits. As a business matures, its needs will also evolve and so will the underlying partnership deed. If three partners mutually agree to change one of the partners to a sleeping partner, then as an important first step you need to create a supp

Cross-border business structures are becoming more prevalent in the global economy today. A lot of multinational companies create subsidiaries in India in order to leverage its growing market, pool of talent, and strategic advantages. But what happens, when the foreign parent company, who is registered on a stock exchange, is delisted? Is the Indian subsidiary company immediately impacted? What happens to the shares of the subsidiary, the operations of the Indian subsidiary,

The eCommerce industry in India has been thriving from small sellers to big marketplaces; the digital marketplace is changing how business is done. If you are thinking of opening an online store or creating a marketplace, one of the first questions that comes to mind is "Is company registration compulsory for an eCommerce business in India?" The short answer is: Yes, although you can technically start as an unregistered business, registering your company has legal protection,

In India’s dynamic business environment, regulatory compliance remains one of the most critical pillars for plausible and sustainable operations. Of the many regulations, registration for Goods and Services Tax (GST) is a foundational step new businesses take to enter the formal tax system, transact inter-state, claim input tax credits and (most importantly) avoid penalties for not registering. For the past few years, many new businesses and startups have found the GST regist

The Indian real estate sector has transformed greatly since the Real Estate (Regulation and Development) Act, 2016 mandated RERA registration. The law allows home buyers to have protection from developers taking delay or fraudulent actions through greater accountability, transparency and discipline in the industry. But one issue that can be confusing is what happens if a builder’s RERA license registration or renewal has not occurred prior to the execution of the sale deed? C

In India's constantly evolving business environment, entrepreneurs are evaluating what is likely the best structure to support their business. Many businesses begin with a Limited Liability Partnership or LLP because of its simplicity, its cost-effectiveness, and more limited fiddling equity or requirements to comply with the multiple compliance obligations. However, as the business grows and the owners and/or partners want to grow their business, some owners will convert the