CA Pankit Shah

Third Party Audits FSSAI is introducing Third party food safety audit of the food business operators through FSSAI Recognized Auditing Agencies in accordance with the Draft Food Safety and Standards (Food Safety Auditing) Regulations, 2017. The draft regulation covers the following sections: a)  Procedure for recognition of Auditing Agencies/ Auditors by constituting an Evaluation Committee on third party audit. b)  Procedure for Renewal/ Cancellation/Suspension of recognition c)  Role of Evaluation Committee for Third Party Auditing d)  Audit Process e)  Audit Reporting f)  Audit Monitoring System g)  Duties of Auditors A robust framework for audit monitoring and governance of the same is also being developed alongside. As per the above draft regulation, select Food Categories prescribed by the Food Authority, will be subject to mandatory Food Safety Auditing. Food Businesses falling under such category would be required to...

Can You Bounce Back From A Low CIBIL Score? Yes, you can bounce back from a low CIBIL Score. Here’s how you can rebuild your score and become credit-ready. It’s a common misconception among consumers that someone with a low CIBIL Score may not get any access to credit or loans, let alone a chance to rebuild their score. And that seems to be reason enough to never let your score drop. However, the truth is a low credit score can be caused by a number of unavoidable circumstances too — you may have hit a rough patch and couldn’t make timely payments, you allowed yourself to get carried away with your brand-new credit card, or you simply forgot to keep your account funded and missed the due date. While your credit profile may be affected by these factors, your credit score is beyond this. Your CIBIL Score is a reflection of past credit behavior and payments; it’s a history of your credit, and the good news is that history can be created all the time. So even if ...