Micro, Small and Medium Enterprises or the MSME is an important linchpin contributing to the prosperity of the Indian Economy.
With the help of various subsidies, schemes and incentives the Government promoted the MSMEs through the MSMED Act introduced in 2006.
Let us look into how the manufacturing and service enterprises are defined in terms of their investment:
| CATEGORY |
MANUFACTURING SECTOR INVESTMENT |
SERVICE SECTOR INVESTMENT |
|---|---|---|
| MICRO ENTERPRISE |
Upto 25 lakh |
Upto 10 Lakh |
| MACRO ENTERPRISE |
Above 25 lakh- 5 Crore |
Above 10 Lakh- 2 Crore |
| SMALL ENTERPRISE |
Above 5 Crore-10 Crore |
Above 2 Crore- 5 Crore |
It is very important for all the micro, small and medium sized enterprises to get the MSME Registration done for them to avail various benefits and also MSME has played a crucial role in creating employment opportunities with lower
capital costs and also industrialization of rural and backward areas which n turn balances the distribution of national income.
It is very important for all the micro, small and medium sized enterprises to get the MSME Registration done for them to avail various benefits and also MSME has played a crucial role in creating employment opportunities with lower
capital costs and also industrialization of rural and backward areas which n turn balances the distribution of national income.
Business Address Proof
Self-owned Premises – Allotment letter, possession letter, lease deed or property tax receipt.
Rented Premises – Rent receipt and a no objection certificate from the landlord is required.
Business Address Proof
Self-owned Premises – Allotment letter, possession letter, lease deed or property tax receipt.
Rented Premises – Rent receipt and a no objection certificate from the landlord is required.
Partnership Deed/ MoA and AoA
If the business is a partnership firm, it has to submit its partnership deed.In case of a company, copy of Memorandum of Association and Articles of Association, and certificate of incorporation has to be submitted,
Licenses and Bills of Machinery Purchased
In few cases, the applicant has to submit a copy of industrial license which is to be obtained by giving an application to Govt. of India and if required all bills and receipts related to purchase and installation of plant
and machinery.
Regal Corporate Solutions Corporate Solutions offering various business registrations can also help clients in procuring MSME Registration. We do the completeregistration process from collecting documents, filling in the application, and
getting the final MSME Registration certificate at the best possible prices.
The Issue of MSME Registration Certificate
MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilise the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have
a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.
One can apply for the MSME Registration if you fulfill one or multiple of the below-mentioned criteria:
Enter personal Information
Enter Salary Details
Furnish Deduction claim particulars
Details on taxes paid
Give your bank account particulars and move for e-filing
Once done E-Verify details.
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