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Business
Payment Gateway: Capital Requirements and Good Governance
Capital Requirement Every Payment Gateway applicant must conform to the standards relating to the capital requirements. The Reserve Bank of India sets these standards to regulate the Payment Gateway Systems in India effectively. We have discussed all these capital requirements under the following heading: Existing Payment Gateway Net Worth Every existing Payment Gateway License holder must achieve a net worth…
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Business
The Private Limited Company Registration – Complete Process
A Private Limited company is a business entity template registered under the Companies Act of 2013. The Limited in the Private Limited company means that it limits its shareholder’s liability to their shares owned in the company. And the private means the restricted access it provides to its shareholders in terms of share transferability. A Private Limited company needs to…
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Business
Importer License: Key points to Note and Documents to Submit
Importer License is mandatory for all the importers in India. This additional requirement is essential as per the Legal Metrology Department under Rule 27 of the Legal Metrology (Packaged Commodities) Rules, 2011. Like all other licenses, this one also entails facts and documents. As information about it is scarce, and legal metrology experts are the only ones aware, this blog…
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Business
How to get BEE certification for electrical appliances in India?
If you want your customers to see your electrical appliance as an investment, you need to get a BEE certification that certifies your product with a five star rating. Ever since the buying power of the rich got given to the middle class, there has been a surge in the purchase of refrigerators, ACs and other high-end electrical appliances. While…
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