1) Overview of Spices Board Registration
a) The Spices Board is the regulatory body comes under Ministry of Commerce & Industry that promotes Indian spices in the global market.
b) The Spices Board was a bridge between Indian exporters and foreign importers for spices related products.
c) The main responsible for Spices Board council was developing and promoting the export industry in India especially for spices related products.
d) It is the one type of export promotion councils in India. Currently there are 37 export promotion councils available in India.
e) Spices Board license was provided by spices board council, it was valid for 3 years only. The person requires to apply for spices board renewal 1 month before the expiry of the day.
2) Functions of Spices Board Council
a) It provides the financial assistance of development of export industries relating to the scheduled products.
b) It supervises the standards and specifications for the spices related scheduled products.
c) Carrying out inspection of spices, spices related products and storage premises for ensuring the quality of such products.
d) Improving the package, development and marketing of the scheduled products outside India.
e) Conduct the proper training program to the exporters and also organize the B2B meeting for the buyers and sellers.
3) Benefits of Spices Board Registration
a) If we can do any spices related export business then we must register in the member of spices board council.
b) Spices board registered members can participate in various training programs that was organized by spices board council for improve their export business.
c) There are various financial schemes available for exporters to develop their export business.
d) They provide the proper guidelines to exporters about the various scheduled products and countries for export business.
For more: https://registrationshops.in/spices-board-registration
Proprietorship Firm Registration
1) Overview of Proprietorship Firm Registration
a) Proprietorship firm registration is a Single person firm registration. It is also called as sole proprietorship firm registration.
b) Most of the people can choose proprietorship firm in India because it is the easiest way to start the business as compare as other company registration.
c) A Proprietorship firm have any name but it does not have already registered trademark name.
d) A Proprietorship firm has less than Rs.2.5 lakhs of income per annum is not required to pay any income tax.
e) Sole Proprietorship firm registration was mainly register to open a bank account in the name of their company name.
f) In a proprietorship firm, the owner of the person was called Proprietor. The proprietor manages the entire company and also he/she is the responsible of each and every transaction made in his/her company.
g) Proprietorship firm is not separate legal entity as compared as other company registration.
2) Proprietorship Firm Registration types
Sole Proprietorship Firm registration can be done in 5 ways in India
a) Register under MSME/Udyam
b) Register under GST
c) Register under FSSAI
d) Register under Shop and Establishment Act License
e) Register under Trade License
3) Advantages of Proprietorship firm
a) Proprietorship firm can handle only single person who operates and manages the whole business, so 100% of the profits belong to the proprietor.
b) It will take very less time to register as compared to other company registration.
c) The income tax rate for sole proprietorship firm is the same as that of the income tax rate of individuals.
d) As comparison to other business form, cost of registering proprietorship firm is very low.
e) The proprietor does not have to consult anyone for taking his decision. So this helps him to make quick decisions.
f) It is the life time certificate when you register under MSME/Udyam or GST. You can’t renew that certificate.
4) Our company bio
Registrationshops Business Consultancy Services was India’s leading online legal services provider located in Madurai. We are dedicating to helping people easily start their company and grow their business, at an affordable cost. We can help to people for company formation, company registration, Tax services, Website & Logo Designing and other online registration services.
url: https://registrationshops.in/proprietorship-firm/
Mail: contact@registrationshops.in