Statutory compliances, funding

avenues
And Government schemes
 Statutory Compliances
• Business entity needs to obtain certain
registrations or permissions or licences as per
prevailing legal structure in the country.
• Applicability of laws depends upon type of entity,
nature of product, investment in fixed assets and
annual turnover etc.
• Registration under some of them is not compulsory
but it is always advisable to obtain registrations as
they provide you legal stature and at times, certain
incentives or preferential treatment is available
only to the registered entities.
Statutory Compliances-continued
• There are several designated authorities with
which registration is needed.
• The list is very exhaustive as it covers the
entire gamut of industries and many features
of businesses.
(For detailed list of various authorities, kindly
refer to the Reference Reading)
 Funding Avenues
• India has a very well established and structured
network for financing businesses.
• Apart from State Financial Corporations in many
States, there are Public and Private sector banks,
N.B.F.C.s, Venture capitalists, Co-operative banks
and other institutions providing funds to
businesses by way of loans and equity capital on
merit.
• Getting funding for a viable project to be set up
by a competent entrepreneur is not very
difficult.
 Funding Avenues-continued
• Indian stock markets are well organized and
regulated which has resulted in easy access to a
large pool of funds from people and mutual
funds etc.
• Union and State Governments are also keen to
ensure rapid industrialization and are offering
several incentives or cash subsidy schemes
especially to prospective entrepreneurs.
• There are some special schemes devised to help
the disadvantaged groups like S.C., S.T., females,
physically challenged etc.
 Funding Avenues-continued
• Apart from loans from financial institutions, there are
some other sources also.
• Accepting public deposits, issue of debentures, loans
from international financial institutions, public offering
of equity capital, venture capital funds, crowd funding
etc. are available to the deserving businesses.
• If eligible, cash subsidy and other incentives offered by
State and Union Government can also be availed after
complying with the rules.
• Each State Government declares such schemes from
time to time for a particular duration. Hence it is
advisable to find out the present status of these
schemes at an appropriate time.
 Government Schemes
• All State Governments have some schemes
tailor made to their specific needs. Hence it is
better to find out about these schemes when
actually required.
• There are many incentive schemes
announced by many ministries of the Union
Government.
(For further information on these schemes
kindly refer Reference Reading)
Thank You All