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MSME Registration
MSME registration refers to the process of registering a micro, small or medium enterprise (MSME) with the government of India. This registration is done under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. The registration provides various benefits to MSMEs, such as access to government schemes, subsidies, and incentives, credit at lower rates of interest, and protection against delayed payments.
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Happy Clients
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Years Experience
Overview of MSME Registration
MSME i.e. micro, small and medium enterprises, and any enterprise are considered as the backbone of any economy. So, to support and promote MSMEs, MSMED Act was enacted. Now, to avail of the benefits under the Act, MSME Registration is required.
Both the manufacturing and service sectors can obtain MSME Registration. It is also known as Udyog Aadhar. Although the MSME registration is not compulsory but to avail a range of benefits like eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies, and other support, registration is advisable. It can be obtained at any time at the discretion of the owner but it is generally advised to take it immediately after incorporation of your enterprise. We at Legal Suvidha will help you in getting MSME registration.
Advantages of MSME Registration
| Low-Interest Rates | MSME registration ensures cheaper bank loans. The interest rates are much lower than interest on regular loans. |
| Tax Benefits & Subsidies | Various tax benefits & subsidies are also offered like tax rebates to MSME. |
| Government Tenders | Many government tenders are only open to the MSME Industries. |
| Preference | Businesses with MSME registration are generally preferred for government license and certification. |
Registration Process of MSME Registration
Step 1: Preparing Application: After getting the required document/information, our professional will prepare your MSME application in 2-3 working hours.
Step 2: Filing: After getting the approved draft application from you, we will file the same (along with the supporting documents).
Step 3: Processing: While processing & examining your application, we will help you in solving any objections raised by the examiner. After getting approval & setting up your unit you will receive the permanent MSME certificate.
Documents Required of MSME Registration
1. Business Address Proof
2. Copies of Sale Bill and Purchase Bill
3. Partnership Deed/ MoA and AoA
4. Copy of Licenses and Bills of Machinery Purchased
5. ID Proof (PAN card and Aadhar) of the owner/director/partner
FAQ's on MSME Registration
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