To implicate rigorous regulations, which might obstruct the free-flowing operations of the companies.

Statutory Auditors Certificate: Every NBFCs must file a Statutory Auditors Certificate providing that the company is engaged in the business of NBFC within one month from the date of finalization of the Balance Sheet.

BASISOF COMPARISON NIDHI COMPANY NBFC Act Nidhi Company is covered under Section 406 of the Companies Act 2013.

Eligibility criteria for International Patent Protection in Electronics and Information Technology: The applicant for the patent protection should have registered The company under the MSME Development Act 2006.

These increased patent protections allow pharmaceutical companies to fix high costs, putting medicines out of reach for the low-income population.

Section 143 of the Companies Act, 2013, along with Chapter X the Companies (Audit and Auditors) Rules, 2014, provides the powers and duties of auditors.

NBFCs are registered under the Companies Act 2013 and those accepting deposits come under the supervision of RBI.

The application can be made by a corporate entity like Private Limited Company or LLP to gain better future prospects of the business.

List of Mandatory Documents: Details (with name, ID, full address, and contact) for: Directors or  Partners or Proprietor or Members of Society or  Trust Authorized Signatory List of: Machinery/equipment (their registration number, working capacity, and power usage) Food to be manufactured Certificate by Cooperatives (Coop – 1861/Multi-State Coop Act – 2002) Declaration/Undertaking by Food operators Form B (attested by the Proprietor/Partner/Authorized member) Authority letter by the manufacturer nominating the person (along with details of an alternative person) Self-Declaration (for Proprietorships) Copy of License from manufacturer NOC from manufacturer NOC from Municipality or local body Food Safety Management System Plan Form IX: Details of persons nominated by the Company and copy of Board Resolution Analysis report of water portability to be used in food.

A copy of your bank account statement from the country where the person resides A copy of the Non-President External Bank Account Statement issued in India A copy of the certificate of residence of India or Residential permit issued by the State Police Authority A copy of the registration certificate issued by the Foreigner’s Registration Office showing the Indian address A copy of the visa granted and a copy of the appointment letter or contract from the Indian Company and Certificate (in Original) of Indian Address issued by the employer.