OPC Advantages and Disadvantages | Provenience

Advantages of a One Person Company

As we mentioned before, like all other types of business entities, an OPC has certain plusses and minuses. Here is a quick look at OPC advantages:

OPC Advantages #1. Compliance-related Exemptions

As per the provisions of the Companies Act, 2013, an OPC must comply with all the compliance requirements of a private limited company. However, the government has provided many compliance-related exemptions to one-person companies, making it easier for OPCs to manage their business.

OPC Advantages #2.Limited Liability

Earlier, single persons looking to company registration would opt for a sole proprietorship. However, the liability was unlimited that up the business owner’s personal assets at risk if the business suffered losses. However, in an OPC set-up, the liability of a shareholder is limited to his shareholding. Therefore, even if the business suffers losses, the personal assets of the owner are not at risk.

OPC Advantages #3. Basic Eligibility Criteria

The eligibility criteria for registering an OPC are as follows:

At least one Director and only one shareholder (same or different persons)
One nominee
When paid-up capital > Rs.50 lakh and turnover >Rs. 2 Crores, you need to mandatorily convert the OPC to a private limited company

OPC Advantages #4. Social Recognition

For all practical purposes, an OPC is like a private limited company. People bestow a lot of trust in a private limited company making it easier to trust an OPC. Even during B2B (business-to-business) dealings, larger corporations prefer a company structure to a sole proprietorship. Also, being socially accepted allows you to attract quality talent and create an efficient talent pool.

For more in detail please visit at – https://provenience.in/blog/opc-advantages-and-disadvantages/

THINGS TO KEEP IN MIND WHEN ASSESSING THE SUCCESS OF PPC CAMPAIGN | DigiDir

So, you have planned to get PPC services for your organization and you have successfully launched a PPC campaign as well. What now? If you think that just by launching a Pay Per Click campaign you are done, then we hate to break this to you, but that is just the beginning of the campaign. Pay-per-click (PPC) is a marketing campaign, and like every campaign, you must assess the campaign throughout the initial stages. It is very important for you to keep assessing the success of your PPC services campaign, not only in the beginning but throughout the entire process. There are a few things that you must keep in mind when you have successfully launched PPC services in Noida campaign and it is time to assess the journey of the campaign.

Keeping a track of the performance of your ads campaign in real-time, and checking its effectiveness is extremely important. When you analyze the key metrics, you will not only get an amazing return on investment (ROI) rate, you will also become an expert in launching future PPC services campaign.

Difference between Bookkeeping and Accounting | Provenience

Bookkeeping and Accounting

If you have been using these terms interchangeably, then it’s time you understood how they differ. Many people get confused between these two roles since they work in tandem for the benefit of the business. It all boils down to the financial statements and reporting of the organization. However, there are some stark differences between bookkeeping and accounting. Here is a basic differentiation:

Bookkeeping is about updating the financial records of the business, managing daily transactions, checking bank statements, payroll, etc. On the other hand, accounting is more about supervising the documents that bookkeepers prepare. They analyze the financial records of the organization and provide insights to help the company grow.

While technological tools are blurring the lines between these two roles, understanding them can help you get the best out of your employees.

For more about the difference between bookkeeping & accounting, keep reading at – https://bit.ly/3cx6IaK

Procedure for LLP Registration in India |Provenience

Essential points for LLP registration in India –

An LLP must have at least two partners. Further, these partners can be either individuals or body corporates.
The LLP must have a registered office in India. Further, this office should be for sending/receiving communication.
An LLP must have at least two designated partners to carry out all the acts of the LLP. Further, they must be Indian residents.
All designated partners must hold a Designated Partner Identification Number (DPIN). The Ministry of Corporate Affairs (MCA) provides the DPIN.
You must execute a Limited Liability Partnership Agreement between all the partners of the LLP. Also, in the absence of an agreement, Schedule I of the LLP Act, 2008 is applicable.
The LLP name must be unique.
You must submit the incorporation form with the prescribed documents to the Registrar.

If you want to know the process in details, keep reading at – https://bit.ly/2Wr2coE

Which industries should immediately go digital during corona-virus

Go digital during corona-virus

The corona-virus pandemic is nothing less than a dangerous circumstance. Marketers are coming up with new strategies to go digital during Corona-virus Crisis. The most important reason why the digital transformation has taken place is that more people are online now than ever. According to research, the corona-virus has led to a 500% surge in cancellations of in-person events such as meetings, seminars, concerts, and so on.

INDUSTRIES THAT MIGHT FLOURISH POST COVID-19

There are some businesses during corona-virus that will flourish because of the pandemic. Digital marketing is one of the industries that will flourish post lockdown. There will be a huge demand for digital marketers and social media marketing. Well, why digital marketing?

Retail companies will not give up and shut their company. They will look forward to the online model and that is where digital marketers will have work. Hence, the demand will be quite huge.
Healthcare providers and health insurance will definitely see a boom post Covid19 pandemic.
Supermarket chains with a strong online presence will not disappear. Although they are facing issues now, they have enough capital to get through it. Things will be fine post-pandemic without any hassle.
Pharmaceutical companies who are working forward on cures for corona-virus or other diseases will also bloom.
Tech companies such as Zoom that help people to work from home will also flourish. Zoom is already doing quite well to get in touch with your friends, family members, and office meetings.

To know more details about how to business go digital during corona – virus, visit at – https://bit.ly/3foebuM

What is the Difference Between a Driver and a Chauffeur?

Airport chauffeur service - Executive Limo

There is a big difference between a chauffeur and a driver. People usually believe in the myth that chauffeur is just a fancy way of calling a driver. But it is not the case as the service for both the professions is entirely different. In this article, you will know about some of the biggest differences between a private chauffeur Dubai and a driver.

The two big differences are –

Service Quality Difference
Training Difference

Lets discuss these major difference between driver and chauffeur –

Service Quality Difference –

The role of a driver is to drop you to your desired destination in the fastest route possible. But at times, the passengers or the owners do not like an easy way out. They want to see and enjoy the sights while heading to the airport. The chauffeur will take proper care of your desires and will take the long route for giving your scenic views but will also take updates from you about the flight time or appointment time. The airport chauffeur service in Dubai will make sure that you reach on time without compromising your luxury.

To know the other difference in detail keep reading at – https://bit.ly/2TRGuHO

Can you advertise about Cannabis products on Google?

Cannabis has become legal in Canada and few states of the United States. There are many people in the different countries voting to legalize cannabis as it can be used for medical purposes. With the increase in demand for cannabis, there are many cannabis dispensaries, producers, sellers, and distributors mushrooming in the market. The competition for the cannabis industry is on the rise. To stand out from others in the market, it is important for people to promote their cannabis business and increase sales. One best way to promote the business is through online hemp Google ads. There are many Google ads cannabis agencies that are also promoting the cannabis business for clients and helping them get good traffic and conversions.

There are many cannabis companies looking to advertise on Google Adwords, which is paid advertising to reach the target customers in every nook and cranny of the world in a short time. When the cannabis market is taken into consideration, the family of cannabis will comprise of marijuana and hemp, but there is a key difference between both. One would get you high, and the other would not. The hemp products are legal to enjoy, and any product that is made of hemp can be purchased legally without any restrictions. On the flip side, the products that are made of marijuana are not legal. Moreover, as per the federal regulations, cannabis is a controlled substance, and this makes it tricky to advertise.

Google ads for cannabis

The cannabis industry is growing at a brisk pace in many parts of the world. Though it is an exciting business opportunity for many, many cannabis businesses that are in the nascent stage are struggling to compete with the bigwigs in the market. The key advertising platforms such as Google, Facebook are giving very little opportunity to advertise cannabis products for the cannabis companies, since this comes under federal law.

How to promote cannabis Google ads cannabis

It is merely impossible to promote about the cannabis brand totally on Google, exclusively if you are selling the products made of cannabis. There are many hemp Google ads methods that are available. You can try out all the methods such as Text ads, display networks, remarketing, shopping ads, and display ads. When you are creating an ad, there are high chances of your ads getting censored. So, you need to be careful while creating Google ads CBD and avoid using the blatant words that would explain about the product. If their shorthand of cannabis word in the ad, there are chances of your ad getting approved.

The only thumb rule you need to embrace while doing Google ads CBD is to stay away from blatant words. You can use the Keyword planning tool to come up with the keywords and check the ranking of each word. If you have used any term that is restricted, it will not show up in the keywords list.

Anti-counterfeiting solutions for pharma

Adulteration and fraudulent manufacture of medicines have been prevalent for quite some time now; the situation has only aggravated owing to technological developments and sophisticated methods of duplication.

To add to the problem, current regulations in developing countries do not account for illicit manufacture, trade, and consumption of counterfeit medicine.

Global trade has made this an international problem. Here are some facts which highlight the problem.

Fake drugs kill more than 250,000 children a year. (Source: The American Journal of Tropical Medicine and Hygiene)
In developed nations such as the US and Canada, about 1 percent of drugs sold are counterfeit. (Source: WHO IMPACT!)
Around 20% of all drugs sold in the Indian market are counterfeit. (Source: US Trade Representative Office Annual Report)
Fake drugs cost local economies between US$10bn and US$200bn a year. (Source: The Guardian)
Many fakes originate in China and India and have been found to contain everything from lead paint, printer cartridge ink, talc, brick dust, ground up drywall, and arsenic. (Source: Pfizer Spot the Fake Media Sheet)
Lifestyle drugs, such as Viagra, dominate the market for counterfeit medicines.

Illegitimate drugs are detrimental to the health of consumers often leading to liver & kidney failure and, ultimately, death. Additionally, counterfeit drugs can wreak havoc on a company’s profits causing them to suffer from irreparable damage to their brand reputation.

Anti-counterfeiting solutions can play an important role in the prevention of counterfeiting of drugs, preventing losses to a company’s revenue and reputation. Most importantly anti-counterfeiting solutions help in saving the lives of innocent consumers who unwittingly fall into the trap of buying fake drugs.

To know more in details keep reading at – https://bit.ly/34c7cxY

The rise of counterfeit consumer electronics industry in India

In India some of the most popular markets for counterfeit electronic products are Nehru Place and Ghaffar Market in New Delhi, Manish Market and Linking Road in Mumbai, Hong Kong Bazaar in Hyderabad and Kasimedu street in Chennai. In fact, tier 2 and tier 3 cities are flooded with fake and cheap grade electronic products in abundance.

According to reports, the counterfeit electronic products market is growing twice as fast as general goods. There are numerous news reports and studies which point towards the growing fake consumer electronics industry.

An article by Quartz cited a report according to which every one in three Indians has received a counterfeit on the e-commerce space. According to the report, the largest share is that of mobile and computers at 45% followed by TV and other electronic products.

There are two different types of counterfeit electronics products available in the Indian market. The first type includes a completely fake product (not manufactured by the original component manufacturer but has laser markings). The second type is known as a partial fake product (manufactured by the original component manufacturer but are remarked to show different functions). In this type, the counterfeiters use fake packaging instead of remarking the product.

To tackle the onslaught of counterfeit products in the electronic sector the Department of Electronics and Information Technology had notified ‘Electronic and IT Goods (Requirements for Compulsory Registration) order in the year 2012 under compulsory registration scheme of Bureau of Indian Standards.

To know more in brief keep reading at – https://bit.ly/2kBSPTc

Why track and trace technology is important for securing supply chains?

Counterfeiting, tampering or adulteration can take place at any part of the supply chain. Counterfeiters can sneak in at any stage and can make counterfeit copies of the genuine product or can tamper with its packaging and contents. A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials – from the supplier to the manufacturer, and the final product delivery to the end user.

Organisations and company owners can take the necessary measures to secure their supply chains. Different technology tools can be used as effective solutions to secure supply chains. Since the supply chain encompasses different stages, therefore, it is difficult to individually monitor each of them. Moreover, it is manually not feasible to examine loopholes or any errors in the supply chain.

Of late, different kinds of technologies are being used to secure and monitor supply chains. The amalgamation of IT-enabled authentication technology and holographic authentication technology is being used by companies worldwide. A good example is the use of barcode India or QR code technology which not just digitally authenticates the products but also links it with different IT-enabled solutions like track and trace.

To know about it, Keep reading at – https://bit.ly/2FVXaah