BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Statutory license
|
|
|
Project report
|
|
|
Provisional registration certificate
|
|
|
Permanent registration certificate
|
Detailed explanation-1: -Usually, entrepreneurs can obtain Provisional Registration Certificate (PRC) during the entity’s pre-establishment period. This helps proprietors to get a provisional proof of existence to raise loans/ purchase assets or hire. PRC is valid for 5 years.
Detailed explanation-2: -In the registration of SSI/MSME there are two types of certificates provided by the authorities, initially provisional registration certificate is given to the companies which is valid for five years. It is given for pre-operative period and after that a permanent registration certificate is given in perpetuity.
Detailed explanation-3: -The entrepreneurs receive the MSME registration certificate upon completion of the MSME registration process.
Detailed explanation-4: -The provisional registration is given to enable the unit to obtain all acilities/clearance etc. required in the pre-production stage. 6. The provisional registration is subject to any or all conditions that may be imposed by the Registering Authority.