You just need to fill our simple msme registration form which would ask about
your basic information. In the case of SSI registration, and SSI
SSI registration form will be filled. This would be required while filing your application
with the department.
Preparation of Documents
According to the details provided to us, we will draft your documentation accordingly.
Filling MSME/SSI Application
Going further, we will file your application along with the required documents to
the MSME registrar. Before submission, our expert will verify your documents properly.
Your work is now completed
Once the SSI/MSME application is approved and your MSME certificate/SSI
certificate is issued, we shall send it to you via email and courier.
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The Micro, Small, and Medium Enterprises are considered as a very significant piece
of India’s legacy economic model and a part of the critical supply chain for products and
services. This sector is the job creator as well as play a crucial role in providing large-scale
employment and industrialization of rural and backward areas. In 2015-2016, according to the
National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated
non-agriculture enterprises in the country which are dealing in different economic activities
providing employment to 11.10 crore workers.
Although getting MSME online registration is not mandatory but it is always suggested to small
and medium enterprises to get it done it provides a variety of benefits. Benefits such as the
rate of interest charged would be very less, tax subsidies, capital investment subsidies, and
much other support from the government sector.
LegalRaasta can help your business obtain MSME Registration online to avail of a host of
benefits.
MSME online registration or SSI online registration can be done through LegalRaasta in Delhi
NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
In India, MSME introduced in the year 2006. Actually, there are still some service sector that
was not yet included in this sector was included in the definition of the Micro, Small and
Medium-sized Enterprises making a historic change to this Act. Hence, leveraging the scope of
the sector even now the government simplified the MSME Registration online with paperless work.
The benefits of MSME registration include priority sector lending, power tariff subsidies,
capital investment subsidies, and excise and direct tax exemptions. The following are the
conditions that need to be fulfilled to qualify under the MSME Act.
All the manufacturing enterprises which have invested less than 10 crores in machinery and
plant are allowed to be registered as MSME.
In service enterprises, the investment in plant and machinery should not be more than 5
crores.
And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as
MSME.
What is Included In Our Package?
Application Preparation
Document submission to MSME
register
Obtain MSME certificate
Documents required to obtain Eating House License
Application form
Residence proof of the applicant
Undertaking with regard to amusement
activities
Site Plan and postcard size
photographs of Eating House
An affidavit on stamp paper of Rs.10/-
duly attested by Notary Public
Fire NOC, if the seating capacity of
the eating house is 50 or more
Undertaking regarding the installation
of CCTV Cameras with 30 days recording facility
Photocopy of valid
NDMC/MCD/DCB/Airport Authority of India Trade license and fee receipt
Document(s) to prove the legal
occupancy of the place of Eating House and in case of tenancy, NOC from the landlord
What Are The Different Types of MSMEs?
There are 3 types of MSME or SSIs which can be
classified as under:
Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under
Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery,
whereas, the microservice enterprises should not exceed Rs. 10 lakhs investment..
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25
lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this
investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the
investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and
for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Benefits of MSME / SSI Registration
There are multiple benefits of MSME / SSI
registration for small businesses:
Cheaper bank loans: The rate of
interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
Easy access to credit: PM Modi has
introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.
Quicker approvals from state and
central government bodies: Business registered under MSME are given higher preference in terms
of government license and certification..
Tax rebates: MSME / SSI registered
businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Cheaper infrastructure: Charges are
lower for MSME registered company for facilities such as electricity and VAT exemptions. In
fact, other business services such as patents are also cheaper for MSMEs.
Access to tenders: There are multiple
government tenders that are open only to MSMEs to promote small business participation in
India..
Note: LegalRaasta is owned and operated by a consultancy
firm and in no way represent any relation to any government body or http://www.udyogaadhar.gov.in
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FAQ
Although, there is no compulsion to get MSME registration but is
always advised to do so as it provides lots of benefits to the enterprises registered
under the MSME Act. It will save you from a lot of inconveniences later on. After
assigning you the Provisional MSME Certificate and you can begin with your production
and even apply for a Permanent Certificate which will add more advantages for you.
Always apply for provisional registration at an initial stage of the business.
As said above, SSI/MSME registration is voluntary. Businessmen
and entrepreneurs usually get this done to utilize the advantages offered under it. The
registration process is quite easy and simple. You can easily avail it (provided you
have a manufacturing plant or a commercial space where you render services), many
businesses opt for it over other registrations.
It is advisable to get a Provisional SSI Registration
Certificate (PRC) before starting your operation in your enterprise. The PRC will work
smoothly for you and will help you out with particular NOCs and clearances from
regulatory bodies.
If your business or enterprise is listed under Schedule –III of
Industrial Licensing Exemption Notification, then you can easily apply for PRC without
an industrial license. Other units must first acquire an industrial license. All the
clearances should be obtained by the enterprise whether it be statutory or
administrative. For example, a drug license under the drug control order, if required.
The PRC is issued based on the application form. No field inquiry is made.
The validation of a PRC is for 5 years and if the unit is still
not under operational then you may still re-apply for it. As soon as you start with your
operations, you can easily apply for the Permanent License.
MSMEs are recognized by all the institutions and banks. Special
schemes are drafted to recognize them as well. Banks prefer MSMEs instead of normal
enterprises to lend loans. The possibility of getting a sanctioned loan is much higher
in the case of MSME. Bank loan interest rates will also be lower. There may also be
preferential treatment in case of a delay in repayment.
Many state government prefers enterprises which are registered
under the MSMED Act. Subsidy such as on power, taxes, and much more is offered by state
governments. In most of the states, sales tax exemption is provided purchase preferences
are given on goods produced. The enterprise may also relish the excise exemption scheme
and exemption from certain direct taxes in the initial years of your business.
While computing the value of Plant and Machinery, the only
original value is asked to be taken into account as per the MSME notification.
Certain trust such as Credit Guarantee Fund Trust has been set
up by Ministry of MSME, Government of India and SIDBI, so that there won’t be any
breakage in the flow of credit to the MSE sector without any interference from the third
party. The scheme is solidified on the basis that the lender should give importance to
project viability and secure the credit facility purely on the primary security of the
assets financed. A cluster-based approach to lending is intended to provide a
full-service approach to cater to the diverse needs of the MSE sector which may be
achieved through extending banking services to recognized MSE clusters. The banks have,
therefore, been advised to treat it as a thrust area and increasingly adopt the same for
SME financing. Banks are always asked to take appropriate steps so that the flow of
credit is smoothly done to the identified clusters of micro and small entrepreneurs from
the Minorities Communities residing in the minority concentrated districts of the
country. The CGTMSE would provide cover for credit facility up to Rs. 100 lakh which
have been extended by lending institutions without any collateral security. A nominal
annual fee is charged by the CGTMSE to avail of the guarantee cover.
Credit rating is an estimate to figure out the capability of an
enterprise to meet all the financial needs based on the previous year's dealings.
Although credit rating is not compulsive it is in the interest of the MSE borrowers to
get their credit rating done as it would help in credit pricing of the loans taken by
them from banks.
LegalRaasta provides MSME application services across India in
all cities. We have done MSME registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore,
Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur,
and other Indian cities.
LegalRaasta was founded on the principle that sophisticated legal and
taxation services should be simple, modern, and inexpensive. We can serve our clients
more
efficiently thanks to cutting-edge practise technology.
