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Showing posts from September, 2021

Financial Reporting | Financial Statements

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  What is Financial Reporting? Every business sector has different divisions, whether manufacturing or service, which work day by day to achieve organizational objectives. Such divisions may or may not work interdependently but at the end of the day they are connected together by one common thread –  Accounting & Finance . The accounting & financial aspects are registered for each and every organization and are communicated to different stakeholders. There are two main forms of reporting-Financial reporting for various stakeholders & Management reporting for an organization's internal management. All of these reports are essential and are an integral part of an organization's accounting and reporting system. Yet given the number of stakeholders involved and the legislative & other regulatory criteria, financial reporting is an organization's most significant and crucial activity. Corporate Governance is a crucial aspect of this. Throughout the following sect

Indian Certification for Medical Devices (ICMED 9000 / ICMED 13485)

  Regulation of medical devices and their quality systems in India was limited compared with other developed nations that typically have very robust approval systems for medical devices in place. Together with the Quality Council of India (QCI) and the National Accreditation Board for Certification Bodies (NABCB), the Association of Indian Medical Device Industry (AIMED) has developed a voluntary quality certification scheme for medical devices in India, Indian Certification for Medical Devices (ICMED) It is the country's first indigenously developed quality assurance system mandatory for all medical devices marketed in the nation. This was proposed in a recent meeting called for the drafting of (separate) rules for medical devices with government officials with a special focus on drafting regulatory framework for the granting of medical device manufacturing licenses. The meeting discussed how to proceed with the registration of manufacturers and importers of medical devices on an

Procedure of MSME registration in India

  Step1 .   Verify your Aadhar The first step is to verify your Aadhar on Udyog aadhar site and verify your mobile number registered with your aadhar number through OTP, if your number is not registered with aadhar then proceed with enrolment with other identities proof document. Step2 .  Fill up the form After mobile verification, MSME registration form will be open and form will consist of detail: Form of the organisation (Proprietorship/partnership/company/LLP) PAN detail of organization (compulsory for company/LLP) Address detail of manufacturing or operating unit from where the business is operated Address detail registered office address Then choose your Sector under which you perform your business (Either Manufacturing sector/service sector) Then choose your  NSIC code  (National Industrial Classification) as per your business Then MSME holder mobile number and email id Then provide the bank details Provide the initial capital detail Provide the worker's detail (number of w