Types of registration in entrepreneurship development, Mechanical Engineering

Assignment Help:

Types of Registration

Provisional Registration Certificate (PRC)

  • This is given for the pre-operative period and enables the units to obtain the term loans and working capital from financial institutions/banks under priority sector lending.
  • Enables to obtain facilities for accommodation, land, other approvals etc.
  • Helps to obtain various necessary NOCs and clearances from regulatory bodies such as Pollution Control Board, Labour Regulations, etc.

Permanent Registration Certificate

Enables the unit to get the following incentives/concessions :

  • Excise exemptions.
  • Income-Tax exemption and Sales Tax exemption as per State Govt. Policy.
  • Incentives and concessions in power tariff etc.
  • Price and purchase preference for goods produced.
  • Availability of raw material depending on existing policy.

Procedure for Registration

Features of the present procedures are as follows :

  • A unit can apply for PRC for any item that does not require industrial license, which means items listed in Schedule-III and items not listed in Schedule-I/II of the licensing Exemption Notification. Units employing less than 50/100 workers with/without power can apply for registration even for those items included in Schedule-II.
  • Unit applies for PRC in prescribed application form. No field enquiry is done and PRC is issued.
  • PRC is valid for five years. If the entrepreneur is unable to set up the unit in this period, he can apply afresh at the end of five years period.
  • Once the unit commences production, it has to apply for permanent registration on the prescribed form.

Related Discussions:- Types of registration in entrepreneurship development

Design for a water treatment plant, Design for a water treatment plant: ...

Design for a water treatment plant: Produce as individuals a single tab Excel spreadsheet which shows a rough initial design for a water treatment plant taking 15

How is local shear mode characterized in bearing capacity, How is local she...

How is local shear mode characterized in bearing capacity? Local Shear Failure The local shear mode of failure is characterized by slip zones, small surface heave and a poor

Punches -tool and equipment , Punches Figure: Punches A bar wh...

Punches Figure: Punches A bar which carries a sharp point at one end and used to make a permanent mark on a part is called punch. The point is hard and tempered so tha

Calculate the natural frequency of the system, (a) A mass of 1 kg is to be ...

(a) A mass of 1 kg is to be supported on a spring having a stiffness of 9800N/m. The damping coefficient is 5.9 N-sec/m. Calculate the natural frequency of the system. Determine al

Seismometer-accelerometer-accelerometer, Seismometer : this is a transduc...

Seismometer : this is a transducer in which signal is proportional to the displacement. Accelerometer : This is a transducer in which signals is proportional to the a

Rigid and linearly elastic material, Rigid and linearly elastic material: ...

Rigid and linearly elastic material: A rigid material is one which is having no strain regardless of the applied stress. A linear elastic material is one in which strain is

Example of wedge friction, Example of Wedge friction: T wo blocks A...

Example of Wedge friction: T wo blocks A and B are employed to raise load of 2000 N resting on another block C by the application of force P as shown in the figure g

Compton effect, Explain compton effect snd its significance

Explain compton effect snd its significance

Show hazards associated with plants, Q. Show Hazards associated with plants...

Q. Show Hazards associated with plants? Hazards associated with plants will typically include the following: • Inherent fire hazards presented by the release of flammable g

Can you explain bentonite binders, Q. Can you explain Bentonite binders? ...

Q. Can you explain Bentonite binders? Its general composition is MgO.Al 2 O 3 .Sio 2 .H 2 O. it is formed by weathering of volcanic or igneous rocks. It is a creamy white powde

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