CHAPTER- I

INTRODUCTION AND ORGANISATION PROFILE

PROFILE SUMMARY
Name of the Company: MNC Corporate System India Private Limited

Year of Establishment: 2016

Type of the company: Private

Company orientation: Service

Name of the Properior(s): MNC Groups

Location / Addresss: No.631A, Second Floor MKN Road, Guindy,

Chennai-600 032
Taluk: Guindy

Constituency: Guindy

District: Chennai

State: Tamil Nadu

Country: India

Phone No: 9940343951

Email: hr@mncgroups.com

Website address: https://mncgroups.com/

Number of Employees: 13

Name of the work guide: Mr. Jaya Prakash

Work guide Contact Number: 8015968011

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1.1 ABOUT MNC CORPORATE SYSTEM:

MNC CORPORATE SYSTEM INDIA PRIVATE LIMITED is a private company,which

CIN number is U74999TN2018PTC121267, was incorporated on 09-march- 2018. It is classified as
non-government and is registered at registrar of companies located in Chennai. As regarding the
financial status on the time of registration of the company, its authorized share capital is Rs. 100000
and its paid up capital is Rs. 100000. As per registration of company, it involves under in business
activity class / sub class code 74999.

The main activity of the company is registration service, e-filing, web solution and other
business activities national electrical code. MNC CORPORATE SYSTEM INDIA PRIVATE
LIMITED's Annual General Meeting (AGM) was last held on 27th September, 2022 and as per
records from Ministry Of Corporate Affairs (MCA), its balance sheet was last filed on 31st March
2022. Directors of MNC CORPORATE SYSTEM INDIA PRIVATE LIMITED are Mr. Nareshbabu
and Mrs. Mageshwari Nareshbabu. MNC Associates, based in Chennai, is one of the leading
corporate and small business registration services company with hands on experience in dealing with
company formation, business service licenses, account services and other registration services.

MNC provides all registration and license services with speedy delivery and with
professionalism. The company understand the clients critical timelines and business situations in
depth and adopt that has a focal point and expedite the delivery process to satisfy our clients and their
business associates in all aspects. Nareshbabu is a director registered with Ministry Of Corporate
Affairs(MCA) with Director Identification Number (DIN) 8010247. Nareshbabu was appointed as
the director of MNC CORPORATE SYSTEM INDIA PRIVATE LIMITED on 09-03-2018.

The company provides,

 Company Formation Service Accounting

 E-Filing and Compliance RCMC Registration(IEC)
 IPR Registration or Branding Registration Standard Certificate (ISO)
 Central and State Bodies Registration.

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COMPANY FORMATION SERVICE:
The Company Accounts are in the aim of coming together along with individuals with the
purpose of doing business with prospective goals under the common name.The incorporation of the
Company is the at most legal process to form a corporate entity. The Company assets and its owner
are being separated legally by legal vehicle called corporation.

ACCOUNTING:
Accounting has a tremendous impact on a business. Further, Its services is necessary for every
small and large organization to run smoothly and effectively. The process of accounting is engaged
every time they document a transaction, file tax documents, or plan a cost.

E-FILING AND COMPLIANCE:

Electronic filing is the process of submitting tax returns over the internet using tax preparation
software that has been pre approved by the relevant tax authority. A taxpayer has the option of filing
the return using any tax preparation software with e-filing functionality or hiring the services of tax
professionals who use similar software.

RCMC REGISTRATION (IEC):

IEC with RCMC Registration is important together as RCMC basically helps the exporters
to avail the benefits as given by the agencies that aid in developing and promoting India’s export
business. The RCMC certificate is valid for the period of five years and signifies that the particular
business has an FIEO or EPC registration.

IPR REGISTRATION AND BRANDING REGISTRATION:

Protecting and managing intellectual property rights (IPR) is the first step for any business to
seek and to establish its presence in India, it must be incorporated in an integral part of the business
asset growth strategy. Trademark registration in India, protects the investment creating trust and
loyalty among the customers. Trademark registration in India provides the right to sue against others
who try to copy the trademark and prevents others from using similar trademark to the one registered
by for the clients.

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STANDARD CERTIFICATE (ISO):
ISO certification certifies that a management system, manufacturing process, service, or
documentation procedure has all the requirements for standardization and quality assurance. ISO
(International Organization for Standardization) is an independent, non-governmental, international
Organization that develops standards to ensure the quality, safety, and efficiency of products,
services, and systems.

CENTRAL AND STATE BODIES REGISTRATION:

Development Commissioner Handicrafts, Ministry of Textiles enables registration for
Central/State Government Agency/PSUs engaged in the development, promotion and marketing.

SCOPE:
Company registration services ideally step into the shoes of the business owner and handle
the tasks related to the registration of the company under the Ministry of Corporate Affairs.
Registration services is that range of activity of a registered firm that may be stated in the
annex attached to its certificate of registration. In India, company can be registered under different
types like private Limited Company, Limited Liability Partnership, One Person Company.
Licensors often have great ideas that you may be unable to implement yourself.
Licensing is the degree of control and rights that it grants to the Licensee. Sole Licenses permit the
Licensors and the Licensee to use the IP, but do not allow the rights to be transferred to any third party.
The audit should be organized to cover all aspects of the entity as far as they are relevant to the
financial statements being audited.
Audit scope determines the time involved in audit exercise, depth of auditing, aspects to
be covered etc. Audit scope depends on nature of audit, objectives of audit & terms of engagement,
requirement of applicable legislation and auditing standards.
The service consultant shall validate, reconcile and review the data for proper compliances
under the GST laws that shall include Filing of any type of Returns and compilation of data in the
format in which it would be required to be maintained for purposes of Audit.

OBJECTIVES:
Registering a company is executing a business with the third party or with the contractor.
A company is a separate legal entity and distinct from its members. Public safety is concerned with
the physical safety of those on the premises. It seeks to protect children from harm which could be
moral, physical or psychological.

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 It helps to subsume most indirect taxes into a single taxation system that reduces the burden
of compliance for taxpayers and eases the government's tax administration process.
The new portal is completely a taxpayer friendly portal. This portal is integrated with
immediate processing of ITRs (Income Tax Returns) to issue quick refunds to taxpayers.
To report the essential details with regard to compliance, tax depreciation, etc., as per
the income tax laws. These streamline the processes for the authorities of income tax in the
calculation and also assessing the accuracyof the income tax return filed by the individual or
company.
To gain equal status for a job interview or to attain promotion. For prestige; for example, to
gain acceptance or a title. Right to Use Certificate Credentials on Resume, Business Cards, and office
while in good standing. To gain recognition for knowledge and experience obtained in your
profession.
Branding registration is to protect the registered trademarks from being misrepresented or
used by unauthorised users for any commercial benefits.

BENEFITS:
 Increased credibility with customers and supplies.
 Protection of your business name and logo.
 Simplified operations by having a single point of contract with the government.
 Licensing agreement include increasing market share, lowering capital requirements, increasing
the return on investment, and decreasing financialand legal risks.
 The Goods and Services Tax (GST), which will eventually boost long-term economic
development and efficiency, is unaffected by company models, methods, geographic location, or
organisational structure. The ratio of taxes paid to GDP in India has increased due to the
implementation the Goods and Services Tax (GST).
 Taxpayers can claim their refunds by filing returns. The digital medium has been brought into the
fray to make way for quicker processing over the archaic ones in the country, which had
previously inflicted a severe burden on the common man, for whatever service it might have been.
 Analysing the standards of quality and safety will identify the source of scrap, unnecessary
overlaps and redundancy. This may help you reduce or eliminate the scrap and overtime. Some
reports show that many ISO certified businesses report a high reduction in scrap and overtime.
 Accounting replaces memory by recording all of an individual's/transaction's firms in a systematic
and timely manner. If the information is needed again in the future, it is simply accessible in
accounting books.
SERVICES:
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  Auditing and Taxes Consulting

 HR Consulting

 Media Solutions

 MNC Logistics

 Loan Services

AUDITING AND TAXES CONSULTING:

AUDITING:

Internal auditors are a company's financial watchdogs. Their task is to objectively examine a
company's financial documents and review the operating procedures independent of management.
When internal auditors are placed in a consulting role, they focus on a specific department instead
of the over all company.

TAXATION:

India Law Offices offers comprehensive taxation advisory, litigation and compliance and
audit services to its clients. These services are provided in all areas of tax including income tax,
international tax, custom duty, excise duty, sales tax and service tax

HR CONSULTING:

a. Direct hire
b. Contract man power
c. Contract to hire
d. Training and Development programmes
e. Payroll management

DIRECT HIRE:

We offer a wide range of Direct Hire services to augment the job provider's search efforts.
We conduct preliminary interviews and shortlist the candidates as per client organisation's
requirements and make arrangements for facet-face meeting with the job provider and thus help
them assess and evaluate the right candidate for the job.

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CONTRACT MAN POWER:

We specialise in providing fresh / trained manpower on contract as per the specific

requirement of the client. We select and match employees to the job provider's work and
environment. These people are taken on our payroll. We pay them regular salaries with statutory
benefits and handle all the legal compliances and government regulations. The client organisation
just receives a single invoice every month. The contractual process is not just a one-way process;
we also take the Company's employees on our rolls if any such need arises. Thus, we provide
greater flexibility for the client organisation.

CONTRACT-TO-HIRE:
While our employee is working with the job provider, the client has the opportunity to assess
the candidate’s skill, work ethics and cultural fit. After the contract period, the client organisation
has the option of taking on the contractual manpower on its own payroll.

TRAINING AND DEVELOPMENT PROGRAMMES:

We provide comprehensive training solutions to Corporate, Channel Partners, Institutes and
Colleges. We have a strategic alliance with Indus, the leading training organisation of the country
having 120 plus full time trainees on payroll. We conduct practical programs tailor made for the
specific organization focused at middle and frontline positions and have conducted over 6000
workshops covering over 1,00,000 participants across various sectors of industry. We have
extensive experience in diverse industries, viz. Telecom, Petroleum Sector, Automobiles, Consumer
Products, Consumer Durables, BPO, Airlines, Liquor,Pharmaceuticals,IT,Tyres,Newsmedi

PAYROLL MANAGEMENT:
Payroll outsourcing services are bundled into one package, creating savings and efficiency.
The simplicity of bundling payroll outsourcing consulting services helps you implement and
administer quality programs without distracting employees fromtheir core business functions.

LOAN SERVICES:
1.Bank loan
2.Home loan
3.Personal loan
4.Business loan

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BANK LOAN:

They help assist and guide to get all sort of loans based on the customer's requirements and
eligibility.

HOME LOAN:

Here they are helping to fulfilling the customer's dream of buying own house by assisting and
guiding you to get loans at a nominal interest.

PERSONAL LOAN:

They help the customer’s to get loans for their personal needs from reputed concerns as per their
needs.

BUSINESSES LOAN:

They help the customer's to grow their business through acquiring the required loan from several
schemes to fulfil their requirement

REGISTRATION SERVICES:
They help their customer's in the registration process for several sorts as mentioned below

COMPANY FORMATION:
They help the customer’s to register with the taxation norms by government ofIndia.

1. Partnership

2. Proprietorship

3. Private Limited.

4. Limited Liability Partnership

5. Service Tax & Excise

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LOCAL BODY & CENTRAL:

They help the customer’s to make their concern get licensed.

* Drug License

* Factory License

* IEC Modification

* Labour License

* Solvency License

* NSIC Registration

* ESI & PF Registration

BOARD REGISTRATION:

They help the customer’s to make their concern get registered

 FIEO
 Capexil
 Rubber Board
 Marine products
 Plastic products
 Apparel Export Promotion Council
 Export Promotion Council for Handicrafts
 Gem & Jewellery Export Promotion Council
 Agricultural and processed food products Export Development Authority

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IPI REGISTRATION:

They also help the customer’s to get certified from various standards

1. Trademark/Logo
2. Patent
3. Copyright
4. Brand name
5. Packing goods
6. Packing shape

MEANING:
Accounting is the process of recording financial transactions pertaining to a business. The
accounting process includes summarizing, analysing, and reporting these transactions to oversight
agencies, regulators, and tax collection entities. The financial statements used in accounting are
concise summary of financial transactions over an accounting period, summarizing a company's
operations, financial position, and cash fl

FUNCTIONS OF ACCOUNTING

To move ahead to the functions of accounting, , it is very important to know the role of accounting.
The basic role of accounting is to provide relevant financial information to the businessmen and
the stakeholders. Furthermore, facilitating the decision- making processes and keeping them updated.
There are two types of functions of accounting, first, historical functioning and second, managerial
functional

HISTORICAL FUNCTIONS:

The historical functioning of accounting involves keeping accurate records of all the past transactions
made in the business. This type of functioning of accounting includes:

 Recording the financial transactions and maintain a journal to keep them all.

 It is important to classify and separate the records and the ledger.

 Preparation of brief summary takes place for quick reviews.

 This type of accounting gives the net result other than just keeping the records.
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  The preparation of the balance sheet takes place to determine the financial position of the
business.

 The analysed data and records are then used for other purposes.

The last step is to communicate the obtained financial information to the interested
sectors, for instance, owners, suppliers, government, researchers, etc.

MANAGERIAL FUNCTIONS

In an organization, the management committee looks for all kinds of decision making. To
ensure that the decisions are smooth and beneficial for everyone, they do an evaluation of the past
records provided by accounting. These are managerial functions. The five managerial functions of
accounting are:

♦ Formation of plans in addition to controlling the financial policies.

♦ Besides that, a budget is prepared to estimate the total expenditure for future activitie

♦ Also, cost control is made possible by comparing the cost with the efficiency of the work.
♦ The accounting also provides the necessary information during the evaluation of employee’s
performance..
OBJECTIVES OF ACCOUNTING:

♦ The functions of accounting facilitate the objectives of accounting. There are many
objectives of accounting. For instance,

♦ Accounting facilitates the systematic management of the records of the transaction and
other financial data.

♦ The process assists the management by helping them to make the best decisions. Besides
that, accounting ascertains the financial position of an organization

♦ It also helps in the evaluation of the employee and their working efficiency

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 CHAPTER- II
INTERNSHIP LEARNING

2.1 Introduction:

An internship is an opportunity for me to test-drive my career without making any Serious

commitments. It provided me with experiences, modules, and the tools I will need to get a full-time
concert in the future. It is often a great choice for me because it gave a feel of work without been
thrown into the deep end straight away. This provided me with the capability to grow and learn
before copiously entering the workplace. An internship is a learning experience of its own kind. The
importance of it has got over the years in building one’s career is not exaggerated; given what it has
to give back.

An internship is a period of work experience offered by an organization for a limited period

of time. Once confined to medical graduates, internship is used practice for a wide range of
placements in businesses, non-profit organizations and government agencies. They are typically
undertaken by students and graduates looking to gain relevant skills and experience in a particular
field. Employers benefit from these placements because they often recruit employees from their best
interns, who have known capabilities, thus saving time and money in the long run. Internships are
usually arranged by third-party organizations that recruit interns on behalf of industry groups. Rules
vary from country to country about when interns should be regarded as employees. The system can
be open to exploitation by unscrupulous employers.

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 Internships for professional careers are similar in some ways. Similar to
internships, apprenticeships transition students from vocational school into the workforce. The lack
of standardization and oversight leaves the term "internship" open to broad interpretation. Interns
may be high school students, college and university students, or post-graduate adults. These
positions may be paid or unpaid and are temporary. Many large corporations,
particularly investment banks, have "insights" programs that serve as a pre-internship event
numbering a day to a week, either in person or virtually.

2.2 Importance of Internship Programme:

1. Gain work experience:

The work experience interns receive cannot be obtained in a classroom setting, making this
one of the most important benefits of internships. Interns have the opportunity to transform acquired
theoretical knowledge to real work experiences, witnessing job duties they can expect to encounter
in their chosen field. In addition, you’ll be learning the specialized skills of a particular field, such
as communication, teamwork, and computer proficiency are also obtained in an internship, fully
preparing interns to enter the workforce upon graduation.

2. Explore a career path:

College experience and internships are a great way for students to explore themselves with
the field they are interested in. Some students at beginning of the college have a major or career
path in mind, and end up changing their minds later on. Internship allows students to work in their
desired field, helping them decide if the field is right for them. And by graduation, students who
interned are more likely to feel confident they chose the right degree.

3. Give yourself an edge in this competitive job market:

Graduates with some work experience in the form of an internship stand out to potential
employers. Experience and skills learnt during internship makes a college grad more marketable as
they usually require less training and can handle more responsibilities. You may also get a higher
starting salary than those who do not have internship experience and are entering the workforce or
starting a new career.

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4. Close the skills gap:

You will come to know about your strengths and weaknesses during an internship. Newly
coined grads entering the workforce will lack the skills employers need, specially the softer skills
like professionalism, leadership and communicating effectively. Internship helps candidates to close
the gap with real-world experience and at the same time develop future grads to be ready to hit the
working environment at your company.

5. Receive compensation:

Many of the internships are paid ones, which means you can gain valuable work experience
and make money at the same time. And you can fund your college fees and other expenses.

6. Enhance your social media outreach:

In the Digitally connected world, college students are typically having social media savvy.
By the recent survey from the Pew Research Center showed that in the 18-24 demographic, around
75% use Facebook, Instagram, and Snapchat. Not only that, they’re well informed about current
events, popular culture, and the best social media trends.Interns can enhance your current strategy
and build your following on social media platform. And if you aren’t yet on social media, it’s
certainly a good idea. Your internship candidates can help you establish a social media presence and
grow your business forward.

7. Gain confidence:

Internships allow you learn cutting-edge strategies, techniques, and technology in their field
and gives you direct access to recent developments. It’s an opportunity to apply what you have learned
in a classroom where mistakes are expected – rather than learn the hard way in your first job out of
college.

8. Transition into a job:

Internships are used as the way to enhance their recruitment efforts. In some cases, a
company may decide to hire an intern at the end of the project or assignment. Even if there is no job
offer, an intern who makes a favorable impression could receive an offer down the line when an
opening occurs. It’s a good way for companies to test out an employee before committing to hiring
them.

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2.3 Learnings:

This is my first time doing an internship with an organization. So, it was a privilege to work
at MNC Corporate System India Private Limited, near Guindy in Chennai, Tamil Nadu, under
the Accounts department. The tenure of the internship is one month, which gave me a realistic
experience of how the work environment would actually be.

This intern provided me with knowledge of various Book Keeping’s, Excel and how it is
used professionally by the companies in their day to day transactions. Since I had certain conceptual
clarity on domains like Accounting, Taxation and Finance it was helpful for me during the course
of internship. The use of shortcut keys was mandatory as it would tend to mitigate the duration in
preparation of the report. Since my team was dealing with Account & Finance, they taught me to
execute payments to their vendors,GST filing, payable of GST, GST report in EXCEL, Food
Licence registration, in TALLY ERP9 Bank statement, Purchase account, Sales account and
documentation of bills

There are five departments in MNC Corporate System India Private Limited, Guindy:

1. Finance

2. Auditing

3. Human Resource

4. Digital Marketting

5. Telecalling on GST

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2.3.1 GST:

Overview of GST the goods and service tax (GST) is an indirect tax that is applied to the
cost of certain goods and service. The business adds the GST to the price of the product and a
customer who buys the product pays the sales price plus GST. The GST portion is collected by the
business or seller and forwarded to the government Goods and Service are divided into 5 different
tax slabs for collection of tax 0%, 5%, 12%, 18%, 28%. However, petroleum products, alcoholic
drinks and electricity are not taxed under GST and instead are taxed separately by individual state
government. There is a special rate 0.25 on rough precious and semi precious stones and 3% on
gold and silver.

2.3.2Microsoft Excel:

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 Microsoft Excel is a helpful and powerful program for data analysis and documentation. It
is a spreadsheet program, which contains a number of columns and rows, where each intersection
of a column and row is a cell. Each cells contain one point of data or one piece of information. By
organizing the information in this way, you can make information easier to find, and automatically
draw information from changing data. Excel has many useful features for Office Admins. The
ability to put data into a spreadsheet and perform different tests and analysis makes Excel a powerful
admin tool. It is simple to use and readily available to most auditors. Excel can perform many types
of analytical tests. For me it is a good opportunity to learn some basics about MS excel, in order to
work in MS excel there are many shortcut keys and formulas which needs to be known. This was
my first work experience in excel and I gained experience using Excel.
I Just calculated the amount given by my work guide in Excel sheet and coloured the account
holders with different colour for whether they are filing their GST bills or not, if not for them one
colour, paid persons details coloured in another colour

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2.3.3 Tally:

Tally provided by Tally Solutions Pvt. Ltd which is an Indian MNC. Tally provides single
user & multi user licenses depending on the size of business. Tally is an accounting software used
for completing various accounting tasks quickly with perfection including reliable for inventory
management & Payroll management.

Features of Tally:
1. User-Friendly Interface:
Tally is known for its intuitive and user-friendly interface, making it accessible to users with
varying levels of accounting knowledge.

2. Versatility:

It caters to a broad spectrum of accounting and financial needs, from basic bookkeeping to
complex financial analysis, making it suitable for businesses of different sizes and industries.

3. Accounting and Financial Management:

Tally provides comprehensive accounting features, including ledgers, vouchers, and financial
statements, facilitating accurate and efficient financial management.

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4. Inventory Management:

Businesses can manage their inventory effectively with features like stock categorization,
batch tracking, and real-time stock valuation, ensuring better control over stock-related operations.

5. Automation of Processes:

Tally automates various accounting processes, reducing manual errors and saving time in data
entry and calculations. Automation enhances the accuracy of financial data.

6.Real-time Updates:

Users can access real-time financial information, enabling quick decision-making based on
the most recent data. Real-time updates are crucial for businesses to stay informed about their
financial health.

7. Scalability:

Tally is scalable, allowing businesses to start with basic accounting functions and expand as
their needs grow. This scalability makes it suitable for both small businesses and larger enterprises.

8. Multi-Currency Support:

For businesses involved in international transactions, Tally offers multi-currency support,

allowing users to manage transactions in different currencies seamlessly.

9. Banking Integration:

Tally facilitates the integration of banking transactions, streamlining the reconciliation

process and ensuring accurate and up-to-date financial records.

10. GST Compliance:

Tally includes features that support Goods and Services Tax (GST) compliance, helping
businesses manage their tax obligations efficiently in regions where GST is applicable.

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11. Security and Data Backup:

Tally provides robust security features to protect financial data. It also allows for regular data
backups, ensuring that critical information is not lost in case of system failures or other unforeseen
events.

12. Report Generation:

Tally offers a wide range of pre-defined reports, such as balance sheets, profit and loss
statements, and cash flow statements. Users can also create customized reports to meet specific
business requirements.

13. Audit and Compliance:

Tally supports audit processes by providing tools to verify and rectify errors. It also aids in
compliance with statutory requirements, reducing the risk of legal issues.

14. Remote Access:

Users can access Tally remotely, providing flexibility for businesses with distributed teams
or those requiring access to financial data while on the go.

15. Data Import and Export:

Tally allows for easy import and export of data, facilitating seamless integration with other
software and ensuring data continuity across various platforms.

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2.3.4 Food Licensing (FSSAI):

FSSAI Registration is mandatory for petty food manufacturers or the FBO having a turnover
of less than Rs. 12 lakhs unless the FBO is covered under compulsory licensing.

Why is FSSAI Registration Required?

/
Every food business operator involved in the manufacturing, processing, storage distribution
and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI
Registration is different from FSSAI License in the sense that depending on the size and nature of
the business, FBO should obtain the necessary registration or license. It is a 14-digit registration or
a license number which is printed on all the food packages. This registration procedure is aimed to
create more accountability on the FBO to maintain the quality of the food products.

FSSAI Registration/ License Procedure:

FSSAI registration or license is based on the business volume and premises. Depending upon
the installed capacity or turnover or location, applicant premises are eligible for the license such as
central license, state license, registration, railway etc.

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FSSAI Registration Requirements:

FSSAI Registration is a basic license and it is required for all the FBO involved in the
small-scale food business. This category covers the following business

1. Any FBO with an annual turnover of not more than Rs. 12 Lakhs

2. Petty retailer dealing in food products

3. Any person who manufactures or sells any food article by himself

4. Food sale is done by the temporary stall holder

5. Any individual who distributes food in any religious or social gathering except a caterer

6. Small-scale or cottage industries dealing in the food business and the following:

Sl.No Business Capacity

1 Food production capacity (other Up to 100 kg/ltr per day

than milk and meat)

2 Procurement, handling and Up to 500 ltr per day

collection of milk

3 Slaughtering capacity 2 large animals or 10 small

animals or 50 poultry birds per
day

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Common documents required for obtaining FSSAI registration:

♦ Form B – completed and signed

♦ Photo Identity of FBO

♦ Proof of possession of premises (eg. Rental Agreement )

♦ Partnership Deed / Certificate of Incorporation / Articles of Association etc

♦ List of food products to be dealt with

♦ Food safety management system plan

FSSAI License(Sample):

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Types of Registration:
FSSAI Basic Registration:
Individuals engaged in the food sector with an annual turnover not exceeding ₹12 lakhs are
mandated to obtain a basic FSSAI license. This requirement applies to all entities within the food
industry, including manufacturers, retailers, storage and transport operators, and distributors.
Specifically, the following categories are encompassed:
 All food manufacturers, which include petty hawkers, vendors, and street stalls
proprietors.

 Small-scale, cottage, or other related industries in the food sector with an annual
turnover of up to ₹12 lakhs, meeting the following criteria:

 The daily production capacity of food (excluding milk and milk products, as well as
meat and meat products) does not surpass 100 kg or liters.
 The daily procurement, handling, and collection of milk are limited to 500 liters.
 The slaughtering capacity does not exceed 2 large animals, 10 small animals, or 50
poultry birds per day.

FSSAI State License:

Businesses with an annual turnover exceeding ₹ 12 lakhs but not surpassing ₹ 20 crores are
mandated to obtain a State License.

In Delhi, the prescribed fees for securing a new license are as delineated below:

 Manufacturers or Millers with a daily production of approximately 1MT: ₹5000 per

annum.

 Entities producing between 10,001 to 50,000 LPD of milk or between 501 to 2500 MT
of milk solids annually: ₹5000.

 Manufacturers with production below 1MT: ₹3000.

 Producers between 501 to 10,000 LPD of milk or those processing 2.5MT to 500 MT
of milk solids annually: ₹3000.

 Hotels up to a 4-Star category: ₹5000.

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  Food service providers, encompassing restaurants, boarding houses, clubs, canteens
(including those in educational institutions and offices), caterers, banquet halls with food catering
facilities, and food vendors such as dabbawallas: ₹2000.

The stipulated thresholds for businesses to necessitate the State license are as follows:

 Dairy Production & Chilling Business: Up to 500 LPD of milk or 2500 MT of milk
solids annually.

 Slaughtering Units: 2-50 Large Animals, 10-150 Small Animals, or 50-1000 Poultry
Birds.

 Meat Processing: Up to 500 kg daily.

 Vegetable Oil Processing: Up to 2 MT daily with an annual turnover exceeding ₹12

lakhs.

 Cold Storage Facilities: Capacity of up to 1000 MT.

 Wholesalers with a turnover of up to ₹30 crores.

 Retailers and distributors with a turnover of up to ₹20 crores.

 Restaurants with a turnover of up to ₹20 crores.

 Three-star hotels (excluding five-star establishments) with a turnover exceeding ₹12

lakhs.

FSSAI Central License:

Businesses with an annual turnover exceeding ₹20 crores are obligated to secure a Central FSSAI
License. The prescribed fee for this license, applicable to both new applications and renewals, is set
at ₹7,500 annually. Notably, this license is valid for a tenure of up to five years.

The criteria defining the need for a central license for various business categories are outlined as:

 Manufacturers of proprietary foods.

 Importers of food products.

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  Dairy Production & Chilling Business: Production exceeding 50,000 liters of liquid
milk or 2500 MT of milk solids annually.

 Slaughtering Units: Operations involving more than 50 Large Animals, over 150
Small Animals, or beyond 1000 Poultry Birds.

 Meat Processing: Production exceeding 500 kg daily.

 Vegetable Oil Processing: Operations surpassing 2 MT daily with an annual turnover

of more than ₹12 lakhs.

 Cold Storage Facilities: Capacities exceeding 1000 MT.

 Wholesalers with turnovers greater than ₹30 crores.

 Retailers and Distributors with turnovers exceeding ₹20 crores.

 Restaurants with turnovers surpassing ₹20 crores.

 Hotels categorized as Five-Star and above.

 Food Catering Services for defense establishments.

 Food Catering Services for units falling under Central Government agencies, such as
airfields and airports.

 Food operators conducting business across multiple states.

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2.3.5 Advantages of obtaining a FSSAI License:

1. Legal compliance:

The most obvious benefit of obtaining a FSSAI license is legal compliance. According to
the FSSAI, it is mandatory for all food businesses, whether they are manufacturers, traders, or
restaurants, to obtain a FSSAI license. Hence, by obtaining a license, food businesses can avoid
legal action and penalties for non-compliance.

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2.Consumer trust:

By obtaining a food license, a food business demonstrates to consumers that it is committed

to food safety and quality. Consumers are increasingly aware of the importance of food safety and
are more likely to choose a food business that has a FSSAI license. This can help food businesses to
build trust and loyalty with their customers.

3.Expansion opportunities:

Obtaining a FSSAI license can also help food businesses to expand their operations. For
example, food businesses with a FSSAI license can supply their products to government
institutions, schools, and hospitals, which require suppliers to have a FSSAI license. This can open
up new business opportunities for food businesses.

4. Access to information:

Food businesses that obtain a FSSAI license also gain access to valuable information and
resources on food safety and quality. The FSSAI provides regular updates and guidance on best
practices, which can help food businesses to improve their operations and stay up-to-date with the
latest industry developments.

5. Brand reputation:

By obtaining a FSSAI license, food businesses can also enhance their brand reputation. In
effect, a FSSAI license is proof to consumers, suppliers, and other stakeholders that the food
business maintains quality and safety. Accordingly, a strong brand reputation can lead to increased
customer loyalty and higher sales.

6.Reduced risk:

Obtaining a FSSAI license can also help to reduce the risk of foodborne illness and other
food safety issues. This is because the FSSAI sets strict standards for food safety and quality, and
regularly inspects food businesses to ensure that these standards are being met. Hence, by
complying with these standards, food businesses can reduce the risk of food safety issues and
protect their customers.

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2.3.6 Disadvantages of not obtaining FSSAI License:

2.3.7 Limitations of Internship:

♦ In my perception the duration of internship was very minimal and 21 days were not quite
sufficient to understand major concepts.

♦ The schedule of internship period is not very suitable as it creates lot of pressure at the
end of third year.

♦ The area of subject to be covered during the internship for separate groups must be
clearly forwarded to the trainer.

♦ The period of internship is very short and person of learning nature feels difficult to adopt
the environment and the result of output what is learnt and experienced gained is very minimal.

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 CHAPTER- III
INTERNSHIP OUTCOMES AND CONCLUSION

3.1 Outcomes of Internship:

Internships play a pivotal role in shaping the professional trajectory of individuals, providing
them with real-world experience and invaluable insights into their chosen fields. The outcome of an
internship is multifaceted, encompassing both personal and professional growth. In this essay, I will
delve into the various dimensions of internship outcomes, ranging from skill development and
networking to enhanced self-awareness and career clarity.

One of the primary outcomes of an internship is the acquisition and refinement of practical
skills. Interns have the opportunity to apply theoretical knowledge gained in academic settings to
real-world scenarios. This hands-on experience is invaluable, as it not only enhances technical skills
but also fosters adaptability and problem-solving abilities. For instance, an intern in a marketing role
may learn to create effective campaigns, analyze market trends, and utilize various tools and
platforms.

1. Responsibility
As my mentor give some work, I feel that it is my responsibility to complete the work If I
made any mistake in the software it will be a huge problem to the company so work carefully and
responsibly. The work which was given to me will be completed by me as soon as possible. It my
responsibility to complete the work .

2. Time management
The work was finished by me on time The reporting time was 10am I will be on time for
the work And planning and organizing my works to finish works and use time efficiently.

3. Adaptability Skills
Not everyone is adaptable from the beginning. In fact, I too refused to take my internship,
but experiences exposed my capabilities. Being adaptive to my surroundings easily is one of the
most convenient skills for my self-growth.

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4 .Team work
There are many intern like me. We work together to complete the work. We share the work
among us. My guide and separate the work so it is easy to finish the work.

5. Working world experience

Working in an internship was different from the concepts in the book. As it was a private
company, they follow their convenient procedures and methods for logistics, which differs from
what I learned from the text book. The practical knowledge of logistics which I get from this
internship.

6. Communication
The major learning or skill I obtained which I feel is most necessary for any business activity
is interpersonal communication with my mentor , co Interns and all other suppliers, during every
conversation I was able to learn the various ways in which a information can be conveyed and my
listening skills have also developed. [52]

7. Eagerness to learn
I was very eager to learn new things in the organisation. This company was a international
company. I was eager to work in this company. This internship give a new work experience.

8. Networking
Just because I am a month intern at the very bottom of the chain, it does not mean that I
cannot make an impression on others. This means I have to learn how to create and develop
professional relationships with colleagues, managers and even clients – a vitally important skill that
I will use for the entire duration of my career.

9. Business Communication:
During my internship I was in the situation explain and ask various questions and clear doubts
not only with my team but also in the department as well. It improved my communication skills
effectively. During an internship, you will contact with people in your organisation via emails, phone
conversations, or face-to-face meetings. Communication is one of the underrated internship abilities
that has a significant impact onthe working world.The ability to successfully transmit or exchange
ideas and sentiments is referred to as communication. According to a number of experts, effective
communication skills entail conveying messages without deceiving or misinforming people.
Communicating clearly with a variety of people from various backgrounds.

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10. Multi-Tasking :
I was responsible for a variety of tasks during my internship. My work guide and his staff
put me in the difficult position of having to pick my tasks by priority or workload and juggle several
projects at once. Both in life and in work, this is crucial

11. Technical Skill:

Before joining the internship, I didn’t have practical knowledge in Excel and SAP. The team
uses SAP and they taught me everything with real life scenarios which helped me to become more
proficient in the software. They also assigned me various tasks in Excel which helped me to find
more ways to use Excel proficiently. We used SAP, excel and outlook.

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3.2 CONCLUSION

Overall, my internship experience carved me to be a professional man. Colleagues in Office

were very much affectionate and open to educate me, among them few were Telugu people, boosted
my inner confidence to have a bonding with them and adapt to the office environment. Early, I was
used to be only studious, now I am studious with Logical ability to look into various perspectives
of the clients.
When it comes to office, I will conclude that office doesn’t need a suggestion when it is
already an open to all its trainees and professionalism. I didn’t mean to be open in some matters like
confidentiality, rigidness and so on but few trainee were, being educated about soft skill, doesn’t
know how to utilize and deploy it. Most of them does their job in group, it makes the firm more
interactive but too much of group behaviour will be ineffective for the firm
Then, Language is not a barrier for anyone unless they have an intention for acquires
knowledge, environmental adaptability and flexibility to sustain in this competitive world but in
few cases, they might to understand the circumstances and excellent opportunity to take it up in
career.
With the technical and professional skills, I may conclude that one can attain a complete
knowledge on the textual context provide utilizing the given opportunity over the period of time’
The employees and the managers were very kind to us in all ways. They were ready to help and
give us all necessary information related to the company the internship has given me both theoretical
and practical exposure and also revoked my interest.
Not only in accounting department even had I had a chance to see the work of every other
department.
This experience has given me a lot of understanding about this job. On the whole the training
was very resourceful and the concept of learning (theoretical) and applying (practical) was well-
received. I am certain that it will be extremely beneficial in the years to come.

I would like to conclude by inducing the words

“Interns are like not-cut diamonds; They have flaws, some of them are totally worthless, but
once you cut them well, they can become something great one day, And that’s what I’m doing,
I’m cutting diamonds…”

Barney Baszuro

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 BIBLIOGRAPHY

Source:
1. From company Website
2. From office system
3. From Company Employees

Websites:
1. https://mncgroups.com/
2. https://foscos.fssai.gov.in/

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 ANNEXURES

A. Daily Work Report

B. Any other documents as it may deem fit

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