legal and finance services in India

BIS Certificate issued by Bureau of Indian Standards is an official approval given to companies that meet the Indian Standards.   The standards are intended to ensure safety, reliability and performance of Indian products.  This certificate is only granted after the product has been subjected to rigorous testing, inspection and evaluation. Importance BIS Certification Assures Product Safety and Quality  The primary reason that businesses seek out a  BIS Certification , is to ensure that their customers are assured that the products they sell are high-quality and safe. BIS Certification Enhances Brand Reputation The BIS certificate can enhance the reputation of your business by demonstrating your commitment to quality and safety standards. Regulatory Compliance In India, it is mandatory for certain industries to have a  BIS certificate  before they can sell their products.   These include sectors such as electronics, food, beverages, and chemical. ...

The conversion of an LLP to a Private Limited Company can be a strategic decision for businesses looking for growth, increased investment and a greater market presence.   This blog will take you through  the conversion of LLP into Pvt Ltd Company . Who needs it and the benefits of a such a transformation are also discussed. Conversion from LLP to Pvt. Ltd. Company: What is it? The  Conversion of LLP To Pvt. Limited  is the process of converting your LLP business into a Private Limited Company.   The LLP offers flexibility in terms of management and tax benefits. However, it can limit your business's growth potential compared with a Private Limited Company.   By choosing  Pvt. Limited to LLP Conversion  businesses can gain benefits such as limited liability, easier capital raising, and improved credibility. Why is it necessary to convert LLPs to Pvt. Ltd.? Businesses who plan to expand or raise capital , or to enhance their credibility , often choo...

  Certification  has become a vital tool in today's eco-conscious world.   ASC Group offers expert guidance that helps businesses navigate the process to obtain  EPR certification  in India .   You can reach us by calling  99999043311 . What is EPR Certification ? The Extended Producer Responsibilities (EPRs) Certification is an initiative mandated by the government that holds producers, brand owners, and importers responsible for disposing of post-consumer goods, particularly plastics, packaging waste, and e-waste.   This certification ensures businesses contribute to the sustainability of the environment by taking full responsibility for all aspects of product lifecycles, including proper recycling and disposal. Who Should be EPR Certified? The following businesses must obtain  Certification  for EPR: Producers  Companies producing or assembling goods that result in waste Importers  Businesses who import finished goods and ra...

  Bureau of Indian Standards Certification , is a vital certification process in India that ensures the quality and safety of products.   The Bureau of Indian Standards administers this certification, which aims at protecting consumers from inferior products. What is Bureau of Indian Standards? Bureau of Indian Standards certification  is an assurance that the product conforms to Indian standards of quality.   This certification helps to build consumer trust and gives businesses the opportunity to compete in a competitive market.   BIS certification is required for certain products like electrical appliances, toys and food. It ensures that they meet the safety and performance requirements. Who is the Bureau of Indian Standards? Businesses who manufacture, import or sell products on the BIS mandatory list must have  Bureau of Indian Standards certification .   These products include Electrical appliances, such as LED switches and lights Cement, cement-l...

  Do you have a Small and Medium Enterprise and are looking to bring your business to a new level with an Initial Public offering (IPO).   In order to simplify the IPO and achieve your goals, you can partner with SME   IPO consultants . Why Choose SMEIPO Consultants? SME IPOs need a strong understanding of market trends and regulatory frameworks. They also require financial planning.   Hiring an experienced consultant ensures: Comprehensive guidance for IPO documentation. Compliance with SEBI Regulations and Stock Exchange Regulations. Strategic planning in investor relations Effortless coordination with the legal, financial and market advisors. ASC: Leading SME IPO Consultants across India ASC Group specializes is offering SME IPO services from start to finish. This empowers businesses all over India.   Our team of experts will ensure that SMEs in cities like Mumbai and Chennai can enjoy a seamless IPO process. Service Areas: SME Investors in Mumbai  Get a...

  For exporting items that are classified under the SCOMET List, you need to have an authorization. This is required in order to comply with India's Export Control Regulations.   For businesses that deal with strategic products, services, or technology, obtaining a SCOMET   license   is crucial.   ASC Group offers expert guidance and assistance to those who are new to the process or looking for advice. What is a Scomet License? For exporting items that fall under the SCOMET category, a license for Special Chemicals, Organisms, Materials, Equipment, and Technologies is required.   The items listed under this category include dual-use products and technologies with both civil and militaristic applications.   Exporters have to adhere to a strict SCOMET license process in order for them comply with India’s Foreign Trade Policy. What are the benefits of choosing a licensed SCOMET consultant? It can be challenging to navigate the complexities surrounding the...

Understanding  the customs valuation for imported goods , is essential to accurately calculate customs duty when importing into India.   The customs duties are based upon the value and composition of imported goods.   In this article we will go through the steps of calculating customs and the importance proper valuation. What is Import Goods Value? The process of determining the value of imported goods involves calculating the transaction price of goods.   Customs duties are calculated based on  the Assessable Value  of the goods. Components and Customs Valuation When calculating the duty, you must take into account the following: Basic Customs Duty  Levied according to the tariff schedule, this is the basic customs duty. Integrated Goods & Services Tax IGST: This tax is based on the summation between the assessable value of goods and services and the Basic Customs Duties. Cess-and-surcharge:  Additional taxes applied to the base customs duty....

  A Secretarial Audit  can play a crucial role in ensuring companies comply with the legal and procedural requirements stipulated by Indian Law.   It is a comprehensive tool to verify and assess a company's compliance in relation to corporate law and secretarial standards. This allows organizations to maintain transparency and accountability.   ASC Group is a leading provider of  compliance  and secretarial audit services. We ensure that your company remains compliant by focusing on its core business. What is a secretarial audit ? Secretarial Audits are independent audits conducted by an experienced Company Secretary.   It determines if a company follows the relevant statutory requirements as well as good governance practices.   Secretarial Audits are designed to help detect issues of non-compliance and mitigate risks while enhancing the credibility of an organization. The importance of secretarial audit 1.   Secretarial Audits Ensure Legal C...

  In India, the  LLP conversion to Pvt. Limited Company  has become increasingly popular as businesses seek to increase their scalability and access to investors.   Limited Liability Partnerships can be a great option for smaller businesses. But as they grow, the need to create a corporate-like structure leads them to want to convert LLPs into Pvt Ltd companies.   This change not only improves credibility, but attracts funding and investors from outside. Why opt for LLP conversion to Pvt. Limited? 1.   Attracting investments: Investors, venture capitalists and banks prefer private limited companies because of their transparency and compliance structure. 2.   Limited Liability : While LLP already offers limited liability to shareholders, a Private Limited Company is a better option for governance and legal protections. 3.   Scalability - The conversion from LLP to Pvt Ltd enables companies to issue more shares and thus scale their operations. The C...

 In today’s eco-conscious world, compliance with Extended Producer Responsibility (EPR) regulations has become a significant mandate for businesses. The EPR Certificate is a critical requirement for companies involved in manufacturing, importing, or selling products like electronic items, batteries, and plastic packaging. This guide simplifies the EPR Registration process and offers insights into EPR Certification, its types, and its importance. What is EPR Certification? EPR Certification, or Extended Producer Responsibility Certificate, is a regulatory authorization mandated by the Government of India. It ensures that producers, importers, and brand owners (PIBOs) take responsibility for managing the waste generated from their products after the end of their lifecycle. This initiative primarily aims to promote recycling, reduce waste, and safeguard the environment. Who Needs an EPR Certificate? EPR Certification is required by: Manufacturers and importers of el...