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MSME REGISTRATION

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What is MSME Registration?

MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes. As per the MSMED Act, 2006 the micro, small and medium enterprises is basically dependent on the investment in the plant and machinery for those who are engaged in the manufacturing or production process of goods or investment in equipment for business enterprises engaged in providing or rendering services.

Criteria for MSME Registration Online

Sr. No Types Of Enterprises Manufacturing Enterprises Service Industries
1 Micro Does not exceed 25 lakh Does not exceed 25 lakh
2 Small Exceeds Rs. 25 lakh but not exceeds Rs. 5 crore. Exceeds Rs. 25 lakh but not exceeds Rs. 5 crore.
3 Medium Exceeds Rs. 5 Crore but does not exceedsRs. 10 Crore. Exceeds Rs. 2 Crore but not exceeds Rs. 5 Crore.

Eligibility for MSME Registration

Benefits Under MSME Registration

  • Collateral free loans from banks
  • Easily approval for licenses and registrations
  • Waiving off Stamp duty and registration fees
  • Exemptions under Direct Taxes
  • Subsidy on NSIC performance and credit ratings

Some Guidelines for MSME Registration Process

  • Aadhar number is mandatory for making registration under MSME.
  • Validation: The applicant has to validate the tab after which OTP is generated after which only he will get access for filing the application form for online MSME registration
  • Type of organization:
  • Location of the Plant: Multiple plant location can be registered under one registration Date of commencement of business.
  • No. of Employees.
  • Investment in Plant and Machinery

Who can Apply for MSME Registration Certificate?

  • Sole Proprietor
  • Hindu Undivided family
  • Partnership Firm
  • One Person Company
  • Limited Liability Partnership
  • Private Limited Company
  • Limited Company
  • Producer Company
  • Co-operative Societies
  • Any other undertaking other than above

Documents Required For MSME Registration

  • Pan Card of the proprietor/ all the partners/all the directors
  • Pan Card of the proprietor/ all the partners/all the directors
  • Proof of ownership of premises such as allotment letter/possession letter/lease agreement/property tax receipt. Partnership Deed
  • Copy of Memorandum and Articles of association in case of Private Limited Company along with Board’s Resolution authorizing the director to sign the application
  • Bank Account Statement
  • Started Time period of product(Specify exact Date/Month/year)

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