MSME Registration – Semantic Taxgen Pvt Ltd

MSME Registration

How To Register MSME

Step 1

We do a thorough check of the files you send in

Step 2

We will appoint an affiliate to process your application

Step 3

The certificate will be issued within 15 days of the application

About MSME

MSME stands for Micro, Small and Medium Enterprises which are regulated by the MSMED Act, 2006. MEME helps promote these industries using the provisions of the act. The government approved body will authorize various incentives approved under the MSMED Act. MSME registration or Udyog Aadhar Registration can be availed by the enterprises working in both manufacturings as well as in the service sector.

However, MSME Registration is an optional Registration under the MSMED Act, but it provides Micro, Small and Medium-sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes. It also ensures remedies against non-payment to MSMEs. MSME or Udyog Aadhar Registration is also known as SSI Registration.

As per MCA notification dated 22 January 2019, MSMEs are protected against delay in payment from buyers. The payment to MSME shall not exceed 45 days from the date of acceptance of goods or services. Every company has to report the default in the payment made towards an MSME recognized entity. MSME registered entities are eligible for capital subsidies, interest rate subvention, business marketing, and expansion support, and power tariff subsidies. StartupSeven can help startups to get MSME Registration Online.

Provisional MSME Registration

The first stage of MSME registration is provisional which is given during the period before the establishment of the entity or the pre-investment period of the firm. At this point, the enterprise qualifies for:

  • Obtaining facilities for accommodation, land, etc.
  • Obtaining important approvals and NOCs
  • Obtaining clearances from regulatory bodies such as Pollution Control Board and Labour Regulations

The Provisional SSI Registration Certificate (PRC) enables small units to obtain term loans, and working capital from financial institutions and banks under priority sector lending.

Permanent MSME Registration

The second type of MSME registration is permanent. It is given to industrial units that are already functioning. Though the Act is not mandatory, it is immensely beneficial for firms to have the support of government.

    • Refrain from asking for security deposits
    • Concession in the electricity bills
    • Increased chances of winning government tenders
    • Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
    • Easy and cheaper bank loans
    • Reservation benefits
    • Stamp duty and registration charges are waived off
    • Reimbursement under the bar code registration
    • Industrial promotion subsidy
    • Reduction in the rate of the interest by major banks
    • For Manufacturing Sector Enterprises:Investment in Plant and Machinery:
      Micro   <25 Lakhs.
      Small   >25 Lakhs but <5 Cr.
      Medium  >5 Cr but <10 Cr.
    • For Service Sector Enterprises:Investment in Equipment:
      Micro   <10 Lakhs.
      Small   >10 Lakhs but <2 Cr.
      Medium   >2 Cr. but <5 Cr.
  • Valid Indian Mobile Number of Directors/Partners/Proprietor
  • Entity basic documents AOA and MOA/ Partnership Deed
  • E-mail ID of Directors/ Partners/Proprietor
  • PAN card of entity
  • Businee Address proof
  • Copy of Sale Purchase Bill
  • Copy of Licenses and registrations
  • Step 1: Make the payment of professional registration fees.
  • Step 2: Arrange to provide basic documents as per the list provided by us.
  • Step 3: An application is filed through the MSME Portal.
  • Step 4: MSME Registration Certificate is provided.

How Can We Help In Registering

  • MSME Registration certificate

Frequently Asked Questions

Who is liable to register under MSME?

What are the benefits one gets by registering into MSME?

  1. Collateral free credit guarantee scheme by SIDBI.
  2. Credit Linked capital subsidy scheme for technology up-gradation.
  3. ISO 9000/ISO 14001 Certification Reimbursement Scheme
  4. Marketing support /assistance to MSMEs
  5. Support for entrepreneurial and managerial development of SMEs
  6. Online reporting portal for MSMEs for delayed payment
  7. Interest rate subvention
  8. 25 % of the total sourcing for government projects will be from Indian MSME sector. Notably, 3% of this 25% will be from women entrepreneurs.
  9. Subsidy on patent registration.
  10. Collateral free loan through banks under priority lending.

How is the value of plant and machinery to be considered in the MSME registration?

What is the difference in MSME (Manufacturing) and MSME (Service)?

For how long is the provisional registration certificate valid?

Phone Support

+91 9654831210

Email Support

info@semantictaxgen.in

Visit Us On

1007, Roots Tower,Laxmi Nagar District Centre,
Near Nirman Vihar Metro,
New Delhi-110092

Translate »