MSME Registration

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MSME Registration

All you need to know

MSME covers Micro, Small and Medium enterprises any enterprise that falls under any of these three categories.MSME plays an important role for small and medium business in India.It acts as the engine of growth for the economy and enhance equal development for all.The Government of India through various schemes,subsidies and programme promote MSMEs through MSMED Act.And to get the benefit of MSME related schemes one must get the MSME Registration. Under MSMED act every MSME needs to get registered whether the business is service related or for manufacturing.MSME registration is a useful for all type of business entities as at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support.

Benefits

Some of the leading benefits of MSME Registration include:

  • Legal Status and Corporate Identity: The structure of One Person Company (OPC) is very much similar to a Private Limited Company (Pvt Ltd). This helps Entrepreneurs to invite Corporate Investment, Quality Workforce and Increase Business Globally.
  • Continued Legal Existence: A One Person Company (OPC) has 'perpetual succession' i.e. it's existence will sustain, until unless it has been legally liquefied. The legal existential status of One Person Company (OPC) remains unchanged, even after death/other departure of shareholder. Any such company also continues to legal exist in case of Changes of Ownership.
  • Limited Liability: According to Indian law, One Person Company (OPC) is referred as a distinct/separate identity from its owner. This clause legally disconnected the personal assets of shareholder(s) and director(s) in the company. The personal assets of shareholders and directors remain legally safeguarded from acquisition/liquidation if there is a credit default by One Person Company (OPC).
  • Lesser Compliances and Formalities: One Person Company (OPC) needs to meet comparatively less compliances than a Private Limited Company (Pvt Ltd) or aPublic Limited Company (listed or unlisted), Ltd. One Person Company (OPC) is also relieved from Procedural Formalities such as Annual General Meetings (AGM), General Meetings (GM) and Extraordinary General Meetings
Documents

Documents Required

For Directors/Nominee

  • Business address proof
  • Copies of Sales bill or purchase Bill
  • Partnership Deed or MoA and AoA
  • Bills of machinery
  • Copies of licenses

Choose your PackageSimple Prices - No Surprises

starter

STARTER

₹7,999 /-

Privated limited company:-

economy

ECONOMY

₹6999 /-

One person company :-

Popular

ECONOMY

₹7499 /-

LImited liability partnership :-

Best Buy

PREMIUM

₹ 29,999 /-

Section8 Company :-

Get answers to all your queriesFAQs On MSME registration

MSME meaning Micro Small and Medium Enterprises as defined under MSME development Act 2006.

There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.

Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.