Rubber Board Registration
Exporting business has taken over the world, it has increased significantly. Exporting is an important factor in increasing the economy of a country. The government of India has taken multiple steps in building trust with other countries for exporting goods from the country to others one of them is setting up a group of counsellors who can make decisions regarding exporting goods from the country. Similarly, this group of counsellors came up with a statutory body the Rubber Board of India, which the Rubber Act governs, this act came in 1947.
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What is Rubber Board Registration ?
Rubber Board Board of India was set up, to develop the rubber industry in the country, under the Union of Rubber Industry under the Ministry of Commerce and Industry. It was established in 1947, immediately after independence. The primary goal of this board is to encourage sustainable development and foster the growth of natural rubber and products related to rubber.
Purpose:
1. Development of Rubber Industry
2. Research and Development related to Rubber
3. Development in Rubber production technology
4. Provides Quality Assurance with the products
5. Regulatory Functions for compliance with the laws
6. Helps in preparing Market strategy
7. Promoting Export in the country
8. Creating consumer awareness
9. Collect important and helpful information in the form of statistics from rubber-using industries in India
10. Encourage and promote participation in international trade and conferences related to rubber.
Rubber Board Registration
Eligibility
Types of business: The type of business a company is operating depends on whether they are eligible to register under the Rubber Board of India, this includes rubber cultivation, trading and manufacturing of products, research and development in rubber technology and other activities. And also the business structure and the methodology the company operates on.
Legal Entity: The company must be a recognised legal entity, meaning that it must be registered in simple terms it means that it must have its existence on paper.
Compliance: Just like The point discussed above the company must have complied with all the laws and regulations that are necessary besides having its registration, if the company has complied then this would increase the trust of the board to make the company its member.
Financial Standing: Companies seeking Registration under this board may be required to show their financial planning, the business they ma, and their books of accounts for the board to show their financial position and health in the industry to conduct business.
Reputation: The reputation of the company seeking recognition under the board or any board matters a lot, their ethical conduct and reputation in the marketplace a big role in whether they stand a chance or not.
Rubber Board Registration
Exporting business has taken over the world, it has increased significantly. Exporting is an important factor in increasing the economy of a country. The government of India has taken multiple steps in building trust with other countries for exporting goods from the country to others one of them is setting up a group of counsellors who can make decisions regarding exporting goods from the country. Similarly, this group of counsellors came up with a statutory body the Rubber Board of India, which the Rubber Act governs, this act came in 1947.
4.9
What is Rubber Board Registration ?
Rubber Board Board of India was set up, to develop the rubber industry in the country, under the Union of Rubber Industry under the Ministry of Commerce and Industry. It was established in 1947, immediately after independence. The primary goal of this board is to encourage sustainable development and foster the growth of natural rubber and products related to rubber.
Purpose:
1. Development of Rubber Industry
2. Research and Development related to Rubber
3. Development in Rubber production technology
4. Provides Quality Assurance with the products
5. Regulatory Functions for compliance with the laws
6. Helps in preparing Market strategy
7. Promoting Export in the country
8. Creating consumer awareness
9. Collect important and helpful information in the form of statistics from rubber-using industries in India
10. Encourage and promote participation in international trade and conferences related to rubber.
Rubber Board Registration
Eligibility
Types of business: The type of business a company is operating depends on whether they are eligible to register under the Rubber Board of India, this includes rubber cultivation, trading and manufacturing of products, research and development in rubber technology and other activities. And also the business structure and the methodology the company operates on.
Legal Entity: The company must be a recognised legal entity, meaning that it must be registered in simple terms it means that it must have its existence on paper.
Compliance: Just like The point discussed above the company must have complied with all the laws and regulations that are necessary besides having its registration, if the company has complied then this would increase the trust of the board to make the company its member.
Financial Standing: Companies seeking Registration under this board may be required to show their financial planning, the business they ma, and their books of accounts for the board to show their financial position and health in the industry to conduct business.
Reputation: The reputation of the company seeking recognition under the board or any board matters a lot, their ethical conduct and reputation in the marketplace a big role in whether they stand a chance or not.
Process
The following is the registration process that is followed for registration:
1. Application in the online portal
2. Document checking and verification
3. Correcting and changing business as per the requirement
4. Obtain Digital Certification with registration number
Process
The following is the registration process that is followed for registration:
1. Application in the online portal
2. Document checking and verification
3. Correcting and changing business as per the requirement
4. Obtain Digital Certification with registration number
Documents Required
The following are the documents required for registering with the Register Board of India
For Registration:
1. Business Registration of the company
2. Identity details of the owner
3. Proof of ownership
4. Bank details of the company
5. Lease ownership or lease deed
6. Photograph of the owner and premises
7. Affidavit stating the applicant's right to possess business premises for doing business for a dealer license
For Renewal:
1. Documents as evidence for continuing business
2. For processors, a license from local authorities that the company passed the pollution test.
3. Filling of monthly and annual returns procured from the business.
The duration of the registration is for 5 years and can be renewed or extended.
Types
Rubber:
1. Natural Rubber
2. Synthetic Rubber
3. Reclaimed Rubber
License:
1. Dealer’s Licence
2. Processors License
3. Manufacturers Licence
4. Exporters License
5. Others as may be authorised by the Board
Benefits
1. Trust of banks in business-related loans
2. Builds trust of investors related to the business
3. Help from the government in doing research and development in rubber-related products
4. Promotion in export-related business
5. Increases credibility in the market in the eyes of the consumer mainly international consumer
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