Benefits of registration in entrepreneurship development, Mechanical Engineering

Assignment Help:

Benefits of Registration: Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. The regime of incentives offered by the Centre generally contains the following :

(a) Credit prescription (Priority sector lending), differential rates of interest etc.

(b) Excise Exemption Scheme.

(c) Exemption under Direct Tax Laws.

(d) Statutory support such as reservation and the Interest on Delayed Payments Act.

(It is to be noted that the Banking Laws, Excise Law and the Direct Taxes Law have incorporated the term SSI in their exemption notifications. Though in many cases they may define it differently. However, generally the registration certificate issued by the registering authority is seen as proof of being SSI.)

  • Establishment employing 10-19 persons require to maintain only 3 register and to submit an annual core return only.
  • Establishment employing less than 10 persons to maintain only 1 register and submit only an annual core returns.
  • The only one Inspector will be responsible for various labour laws, except in case of Factory Act and Boiler Act.

 


Related Discussions:- Benefits of registration in entrepreneurship development

Thermodynamics., First law of thermodynamics applied to flow process

First law of thermodynamics applied to flow process

Short circuiting transfer, Short Circuiting Transfer The short circuiti...

Short Circuiting Transfer The short circuiting transfer  occurs when the welding current and the arc voltage is low. Metal is transferred from the electrode to the work only wh

Determine the machine working, Determine the theoretical COP for a CO 2 ma...

Determine the theoretical COP for a CO 2 machine working between the temperature range of 25 O C and -5 O C. the dryness fraction of CO 2 gas during the suction stroke is 0.6. fo

Evaluate for a vander waals gas, (a) Explain four common characteristics of...

(a) Explain four common characteristics of work and Heat? (b) Evaluate for a Vander Waals' gas which has the equation of (p +a/v 2 ) (2-b) = RT the work done at constant t

Duty cycle rating, DUTY CYCLE RATING Since, arc welding power sources ...

DUTY CYCLE RATING Since, arc welding power sources are delivering high currents for welding; the components of such a system are bound to get heated. In order to have increase

Ideal speed circuit, Ideal Speed Circuit ( 36 to 40 kmph ) : Motorcycle i...

Ideal Speed Circuit ( 36 to 40 kmph ) : Motorcycle is brought into this condition by raising the throttle valve and an incorporated jet needle. The air enters through the main pa

The brasses-copper alloys, The Brasses 70/30 brass also called as cart...

The Brasses 70/30 brass also called as cartridge brass contains 70% copper and 30% Zinc. This is employed for cartridge cases, sheet fabrication, and condenser tubes and for u

Necessity of battery , Necessity of Battery To obtain power for ig...

Necessity of Battery To obtain power for ignition system. To obtain power for lighting. To obtain power for horn. To obtain power for self-starting.

Evaluate elongation of bar of varying cross section, Evaluate elongation of...

Evaluate elongation of bar of varying cross section: How you evaluate elongation of bar of varying cross section:? Sol.: Take bar made up of different lengths and which

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd