Definition
Product compliance refers to the adherence of products to relevant standards, regulations, or specifications governing their safety, quality, environmental impact, and performance. Product compliance involves testing, certification, labeling, and documentation to demonstrate conformity with legal and industry requirements and ensure that products meet customer expectations and regulatory obligations. Product compliance is essential for market access and customer trust.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.