ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Provide stockholders with an annual report
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Consult an attorney before completing registration forms
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Pay a standard registration fee to the state
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Verify certification needs and obtain necessary permits
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Detailed explanation-1: -You can register your business through Udyog Aadhar under the Ministry of MSME. The owner has to obtain a Registration Certificate under the Shops and Establishment Act from the state where the business is located.
Detailed explanation-2: -1) manufacturing license: manufacturing license is to be obtained from a licensing officer to start a manufacturing activity. invention. patent must be obtained according to the innovations in the manufacturing or in the product.
Detailed explanation-3: -Answer: Mobile Manufacturing companies basically require licenses for local business and tax, ownership, and even papers required for the manufacturing plants. Moreover they require to get their manufactured phones licensed from FCC hence they need to get their approval before launch to the public.
Detailed explanation-4: -BIS certification is mandatory for certain products, such as electronics and electrical goods, to be sold in India. Obtaining BIS certification requires passing various tests and inspections to ensure the product meets the relevant Indian standards.