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.

Micro

Investment < Rs. 1 Crore and Annual Turnover < Rs. 5 Crore

Small

Investment < Rs. 10 Crore and Annual Turnover < Rs. 50 Crore

Medium

Investment < Rs. 50 Crore and Annual Turnover < Rs. 250 Crore

Required Documents

[su_box title=”1″]Business address proof[/su_box]

[su_box title=”2″]Copies of sale bill of each end product and purchase bill of each raw material[/su_box]

[su_box title=”3″]Partnership deed in case of a partnership firm[/su_box]

[su_box title=”4″]Registration certificate in case of a partnership firm[/su_box]

[su_box title=”5″]MOA and AOA in case of a company[/su_box]

[su_box title=”6″]Certificate of Incorporation in case of a company[/su_box]

[su_box title=”7″]A copy of the resolution passed in general meeting and a copy of board resolution authorizing a director to sign the MSME application[/su_box]

[su_box title=”8″]Copy of industrial license unless exempted as per Schedule III of the Industrial Licensing Exemption Notification[/su_box]

[su_box title=”9″]Bills and receipts related to purchasing and installation of plant and machinery[/su_box]

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.

Required Documentation

[su_box title=”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[/su_box]

[su_box title=”2″]Name of owner as mentioned in Aadhar[/su_box]

[su_box title=”3″]Social category, namely, General, Scheduled Caste (SC), Scheduled Tribe (ST) or Other Backward Castes (OBC)[/su_box]

[su_box title=”4″]ises doing business and each one can be registered for a separate Udyog Aadhaar and with the same Aadhaar Number[/su_box]

[su_box title=”5″]Type of organization, namely, proprietorship, partnership, Hindu undivided family, private limited company, co-operative, public limited company, self help group, LLP, others[/su_box]

[su_box title=”6″]Postal address of the enterprise including state, district, pincode, mobile number and email[/su_box]

[su_box title=”7″]Date of commencement of operations of the enterprise[/su_box]

[su_box title=”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[/su_box]

[su_box title=”9″]Bank details, including bank account number and IFSC code[/su_box]

[su_box title=”10″]Major activity, i.e. either manufacturing or service[/su_box]

[su_box title=”11″]National Industrial Classification (NIC) code for the major activity; this can be multiple codes for including all of the activities[/su_box]

[su_box title=”12″]Total number of people who are directly been paid salary or wages by the enterprise[/su_box]

[su_box title=”13″]Investment in plant and machinery or equipment[/su_box]

[su_box title=”14″]DIC in case there are more than one in the district[/su_box]

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