MSME Registrations

What is MSME Registration?

MSME stands for Micro, Small and Medium Enterprises. MSME registration is a mandatory task for any business to start and operate in India. The registration is free of cost and is categorized under two main categories, i.e. manufacturing enterprises and service enterprises respectively.

Benefits of MSME Registration

  • MSME certificate helps in getting government tenders.
  • Under bank loan, 15% import subsidy on fully automatic machinery.
  • Becomes easy to get licenses, approvals and registrations, irrespective of field of business.
  • Compensation of ISO certificate expenditure.
  • Helps in getting low interest rates.
  • Registered MSMEs gets tariff subsidies and tax and capital subsidies.
  • Gets exemption under Direct Tax Laws.

Registrations

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Criteria for getting MSME registration:

The distinction between the manufacturing and services enterprises has been removed by making the investment amount and annual turnover similar for enterprises engaged in both the sectors. However, the distinctive criteria or registration as follows:

Sector/Enterprise Type: Manufacturing & Services Sector, Both.

  • Micro Enterprise: Investment less than Rs. 1 Crore and Turnover less than Rs. 5 Crore.
  • Small Enterprise: Investment less than Rs. 10 Crore and Turnover up to Rs. 50 Crore.
  • Medium Enterprise: Investment Less than Rs. 50 Crore and Turnover up to Rs. 250 Crore.

What are the documents required for registration?

Following documents are required:

  • Aadhaar card
  • Rent agreement
  • Property paper
  • Cancelled Cheque

Company Registration i.e., Sale or Purchase Bill and PAN card

Business Address Proof

  • For self-owned premise: Lease deed, property tax receipt, possession letter, allotment letter, etc.
  • For rented premise: NOC from the landlord, rent receipts, utility bills or document evidencing the landlord’s ownership, etc.

The charges to get MSME certificate are Rs. 1999 (all inclusive) per certificate and can be paid by their secured gateways.

Additional Documents

  • Copies of Sale and Purchase Bills
  • Partnership Deed
  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
  • Copies of Licenses and Bills of Machinery Purchased