46 mins ago
FSSAI Scrutiny Drives Compliance Demands for Food Startup Investments
Investors are paying closer attention to food companies’ legal and regulatory responsibilities.
Some investors now want these companies to hire a compliance officer.
That person would monitor important requirements inside the company.
Problems can happen when a regulatory filing is missed.
Problems can also happen when a company has a licence issue.
Investors are especially concerned that an FSSAI licence could be cancelled.
Losing that licence could directly hurt a company’s business.
Sumeet Seraf of Equity 360 described these concerns.
Investors are increasingly asking companies to appoint an internal compliance officer.
Compliance concerns can involve missed regulatory filings or licensing issues.
Investors want ongoing monitoring of regulatory responsibilities within companies.
Investors are increasingly focused on the risk of an FSSAI licence being cancelled.
Sumeet Seraf of Equity 360 said licence cancellation could directly affect a business.
- Who
- Investors, food companies, and Sumeet Seraf, founder of Equity 360.
- What
- Investors are seeking stronger internal compliance oversight, including compliance officers, amid concerns about FSSAI licence cancellations.
- Where
- When
- Why
- Investors want to reduce risks from missed regulatory filings, licence issues, and possible FSSAI licence cancellation.
Key facts
- Key speaker
- Sumeet Seraf, founder of Equity 360
- Investor demand
- Companies are increasingly being asked to appoint a compliance officer.
- Compliance risks
- Potential problems include missed regulatory filings and licence issues.
- Monitoring expectation
- Investors want compliance responsibilities monitored on an ongoing basis.
- Regulatory concern
- Investors are increasingly conscious of the risk of an FSSAI licence being cancelled.
- Business impact
- Seraf said licence cancellation can directly affect a business.
Quotes
Sumeet Seraf
Founder of Equity 360, an investment banking firm
“Investors want someone internally responsible for making sure these things are monitored on an ongoing basis.”
livemint.com
Sources
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