BUSINESS REGISTRATION

MSME/Udyam Registration

Overview
Documents Required
Process

MSME Registration in India

MSME stands for Micro Small and Medium enterprises. There are many enterprises that fall under this category. These enterprises form the backbone of the country’s economy and push forward the economic growth of the nation. Seeing its importance, the government of India provides several benefits to these enterprises. However, for that, they have to register under the MSMED act. Though not statutory, it is suitable for all. The benefits that it provides entail:

Lower rates of interest
Subsidised rates of loan
Avail 50% rebate on TM application
Protection against delayed payment of Buyers
Credit Guarantee Scheme
Tax subsidies
Capital investment subsidies.

Eligibility Criteria for MSME/Udyam Registration

The entities that fall under the following three classification can apply for MSME registration.
Micro Enterprises
Where the investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.
Small Enterprises
Where the investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.
Medium Enterprises
Where the investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.

Our team of Taxcomate can assist you in obtaining this license at the right time today. Get in touch with us and avail of this registration service.

Frequently Asked Questions

How is the value of plant and machinery?

The original value of Plant and Machinery is to be taken in to account. The components, to be excluded while computing the value of Plant and Machinery, are detailed in the said notification.

What is the role of associations in the MSME Sector?

Associations articulate the views of the MSME sector. The Micro, Small and Medium Enterprises Act, 2006 has further strengthen the role of association in policy framing and execution by providing them the membership in Advisory Committee and in the National Board for MSME constituted under the provisions of MSMED Act, 2006. The participation in Advisory Committee make these associations participative and co-part in decision making.

What is the impact of GST on MSME sectors?

The positive impact of GST on MSME is as it gives ease to start a business, reduces the tax burden, faster delivery, elimination of goods and services.

What is an MSME loan?

MSME loan is a type of loan which is provided to Micro small and medium enterprises.

Is MSME registration now converted into Udyog Aadhar?

Yes, MSME is now converted into Udyog Aadhar.

What are the requirements for MSME?

Microenterprise: Any entity wherein the investment in plant and machinery does not exceed rupees twenty-five lakhs.
Small enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees five crores but also more than rupees twenty-five lakhs.
Medium enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees ten crores but also more than rupees five crores.

What are the main benefits of Udyog aadhar registration?

Easy Clearance of Pending Payments,
50% discount on trademark and Patent Fees,
Lesser Interest Rates For Bank OverDraft(OD),
Eligible for Mudra Loan Scheme,
Apply Government Tenders Easily

Why is MSME registration required?

To support and promote MSMEs, the Government of India through various subsidies, schemes, and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

What is Udyog Aadhar Memorandum?

UAM is a one-page registration form which constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter/owners Aadhaar details and other minimum information required.

What are small-scale industries?

Small-scale industries are also known as SSI. They undertake fixed plants and machinery.

Which activities are excluded from the registration?

With notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely into activities falling under such categories cannot make an application for registration.

Whether MSME registration is mandatory for all entities?

No, this is a voluntary registration and not compulsory. The entities obtain registration due to benefits and subsidies that are granted by the government in this regard.

Within how many days I can get the MSME/Udyam certificate?

You can get your MSME/Udyam certificate within 1-2 working days. Once the all details are provided.

Documents Required for MSME Registration

Business address proof
Copies of Sales bill or purchase Bill
Partnership Deed or MoA and AoA
Bills of machinery
Copies of licenses

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MSME/Udyam Registration

₹999.00

MSME/Udyam Registration in just same day.

Never let the businessman see down by giving your business a shining name with MSME/Udyam Registration registration. It is extremely easy to start and run!

Why choose Company registration in INDIA ?

Shields from personal liability and protects from other risks and losses.
A registered company makes it genuine and increases the authenticity of your business.
Procures bank credits and good investment from reliable investors with ease.