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

Calculate thermal efficiency and compression, Calculate thermal efficiency ...

Calculate thermal efficiency and compression: Q: Calculate thermal efficiency and compression ratio for automobile working on otto cycle. If energy generated per cycle is t

Find out change in length of circular bar, Find out change in length of cir...

Find out change in length of circular bar of uniform taper Sol.: The stress at any cross section can be found by dividing load by area of cross section and extension can be

Corrosion in steam condensate system, Q. Corrosion in Steam Condensate Syst...

Q. Corrosion in Steam Condensate System? Carbon dioxide and oxygen, either acting alone or in combination, account for the majority of steel corrosion problems in the condensat

Crank pin and crank shaft - part of combustion engine, Crank Pin and Crank ...

Crank Pin and Crank Shaft - Part of combustion engine: Cran k Pin: Crank pin is region on crank shaft on which big end of connecting rod is attached. These pins are eccentr

Calculate the spindle speed by (a) hss tool (b) carbide tool, Calculate the...

Calculate the Spindle Speed by (a) HSS tool (b) Carbide Tool Calculate the spindle speed (N) if a C 20 steel job of 50 mm dia is to be turned by (a) HSS tool and (b) Carbide T

Describe soldering, Soldering Soldering is defined as a metal joining...

Soldering Soldering is defined as a metal joining process wherein coalescence is produced by heating the surfaces to be joined to a suitable temperature and melting the fille

Use of trusses, Use of trusses: Where do you find trusses in use? ...

Use of trusses: Where do you find trusses in use? The main uses of truss are as follows: 1. The trusses are used to support slopping roofs. 2. Brick trusses are

Find out the magnitude of the force to keep equilibrium, Find out the magni...

Find out the magnitude of the force to keep equilibrium: Th e lever ABC of a component of machine is hinged at point B , and is subjected to a system of coplanar forces.

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