Service in Focus
MSME Registration
Manufacturing and service enterprises with up to a certain level of investment and up to a certain turnover can apply for MSME registration under the MSME Development Act of 2006. MSME stands for Micro, Small, and Medium Enterprises. With this registration, your business can avail of the many government schemes and subsidies that are exclusive to small businesses. For example, you can get cheaper bank loans.
In addition to meeting the MSME classification criteria, you must own a proprietorship firm, LLP, partnership firm, Private Limited Company, or Public Limited Company.
In addition to meeting the MSME classification criteria, you must own a proprietorship firm, LLP, partnership firm, Private Limited Company, or Public Limited Company.
Required Documents
1
Business address proof
2
Copies of sale bill of each end product and purchase bill of each raw material
3
Partnership deed in case of a partnership firm
4
Registration certificate in case of a partnership firm
5
MOA and AOA in case of a company
6
Certificate of Incorporation in case of a company
7
A copy of the resolution passed in general meeting and a copy of board resolution authorizing a director to sign the MSME application
8
Copy of industrial license unless exempted as per Schedule III of the Industrial Licensing Exemption Notification
9
Bills and receipts related to purchasing and installation of plant and machinery
Service in Focus
Udhyog Aadhar Registration
The Udhyog Aadhar Registration replaces the above discussed MSME registration under the MSMED Act of 2006. It a simplified and quicker process for MSME registration. You are essentially self-declaring and self-certifying your business as MSME by filling in a single form, the Udhyog Aadhar Memorandum (UAM). There is no need for any supporting documentation.
However, note that, at a later date, any central or state authority can ask for specific documentation as proof of information provided in the UAM form.
However, note that, at a later date, any central or state authority can ask for specific documentation as proof of information provided in the UAM form.
Required Documentation
1
Aadhar number of owner, namely, Managing Partner in case of Proprietorship firm, Authorized Partner in case of Partnership firm, and Authorized Person in case of other firms
2
Name of owner as mentioned in Aadhar
3
Social category, namely, General, Scheduled Caste (SC), Scheduled Tribe (ST) or Other Backward Castes (OBC)
4
ises doing business and each one can be registered for a separate Udyog Aadhaar and with the same Aadhaar Number
5
Type of organization, namely, proprietorship, partnership, Hindu undivided family, private limited company, co-operative, public limited company, self help group, LLP, others
6
Postal address of the enterprise including state, district, pincode, mobile number and email
7
Date of commencement of operations of the enterprise
8
Previous registration details, if any, including a valid EM – I or -II by the concerned GM (DIC) as per the MSMED Act 2006 or the SSI registration prevailing prior to the said Act
9
Bank details, including bank account number and IFSC code
10
Major activity, i.e. either manufacturing or service
11
National Industrial Classification (NIC) code for the major activity; this can be multiple codes for including all of the activities
12
Total number of people who are directly been paid salary or wages by the enterprise
13
Investment in plant and machinery or equipment
14
DIC in case there are more than one in the district
