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MSME REGISTRATION


About MSME

Small scale Industries in India enjoy a distinct position and exemptions & benefits over the other entities. It also makes a good contribution towards the socio- economic development of the country. Expansion of the small scale enterprises is taking place growing into medium scale enterprises and they are required to adopt higher level of technologies in order to remain competitive in a fast globalizing world. The emergence of the large services sector has necessitated the government to include other enterprises covering both Small Scale Industries (SSI) sector. Thus, it is necessary to address the concerns of such enterprises micro, small and medium and provide them with a single framework.

Ø Manufacturing Enterprises

In the case of the enterprises are engaged in the manufacture or production of goods pertaining to any industries specified in first schedule to the industries (Development and Regulation) Act, 1951, there are three types of enterprises:
(i)           Micro Enterprises – Where the investment in plant and machinery does not exceed RS. 25 lakh.
(ii)          Small Enterprises – Where the investment in the plant and machinery does not exceed RS. 5 crore.
(iii)        Medium Enterprises – Where the investment in plant and machinery is more than RS. 5 crore but does not exceed RS. Crore.

Ø Service Enterprise
In the case of enterprises engaged in providing or rendering of services there are three types of enterprises:

(i)           Micro Enterprises – Where the investment in equipment does not exceed RS. 10 lakh.
(ii)          Small Enterprise – Where the investment in equipment is more than RS. 10 lakh but does not exceed RS 2 crore
(iii)        Medium Enterprise – Where the investment in equipment is more than RS. 2 crore but does not exceed RS. 5 crore.

Characteristics of MSME

Ø Systemic Activity: It is a systematic, step by step and purposeful activity. It has certain temperamental, skills and other knowledge competency requirements.
Ø Lawful and Purposeful activity: The objects of this must be lawful and purpose of this is to create value for personal profits and social gains.
Ø Innovation: It should be creative that involves creation of value. By combining various factors of production, entrepreneur produces goods and services that meets needs and wants of society.
Ø Organization of Production: Organization of production involves product development and development of markets for the products. It requires the negotiation skills to raise the best interest in the favor of enterprises.

Documents Required

Ø Copy of PAN Card of Proprietor.
Ø Trade Name of Business.
Ø Passport size photograph of Proprietor
Ø Copy of Aadhar Card/ Voter identity card/ Driver’s license as address proof.
Ø Electricity/ Water bill/ Telephone bill/ Latest bank statement as proof of Registered Office (Business Place)
Ø Copy of Sale Deed/Property Deed (If owned property), otherwise the Landlord NOC if the property is taken on rent / lease.

Additions in our services for Proprietorship Registration:

Ø MSME Registration
Ø All other Consultancies regarding that.