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MSME Registration
Micro, small and medium enterprise registration is required to avail benefits under the MSMED Act from central, state government and the banking sector. Government of India has been supporting and promoting MSMEs in India through various subsidies, schemes and incentives.
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Advantages of MSME Registration
Subsidies
The government of India provides various incentives & subsidies to the MSME sector. Only registered entities are eligible for the Government subsidies.
Bank Loans
MSME Sector gets ease in applying for government micro business loans and other such related schemes. Banks offer collateral free loans and reduced interest rates to these entities.
Financial Support
Government provides financial support for participating in foreign expos to showcase products of registered entities.
Govt. Tenders
MSME’s gets exemptions while applying for Government tenders. They are even given preference in allocation of Government tenders.
ISO Registration
The government provides reimbursement of payment of consultation fee made for obtaining ISO registration.
License
There are various relaxations provides to MSME while obtaining registrations under different laws and approvals to obtain licenses.
Waiver
Stamp Duty and Registration Fees is waived in many cases for the MSME entities. There is subsidy for patent registration, NSIC performance and Credit Ratings.
Payments
The government has provided protection against delayed payments to MSME. Companies needs to intimate ROC where payment outstanding to MSMEs suppliers is exceeding 45 days. There is faster dispute resolution mechanism for MSME.
Reservation
There are various products which reserved for the exclusive manufacturing by MSME. These products can only be procured from MSME.
Who should get this registration?
Any and every type of business enterprise from private limited company, public limited company, sole proprietorship, partnership firm to limited liability partnership, hindu undivided family, one-person company, co-operative society and association of persons can obtain MSME/Udyam Registration
Why should you get this registration?
MSME/Udyam Registration comes with numerous benefits and various relaxation to take away some burden from growing enterprises and all eligible enterprises should get themselves registered under MSME/Udyam.
Documents/ Details required for MSME Registration
Copy Of Aadhar Card
In case of Proprietorship – Aadhar Card of Individual
In case of Partnership Firm – Aadhar Card of Managing Partner
In case of HUF – Aadhar Card of Karta
In case of Company/LLP/Cooperative Society/Society/Trust – GSTIN and PAN of the organization and Aadhar Card of authorized Signatory
Mobile No & Email Id
Mobile No & Email ID
PAN Number
PAN Number
Bank Account Details
Bank Account details & IFSC Code
Business Information
Partnership deed/MOA & AOA
Note on business activity of the entity.
Office address and address of Unit is required.
Activity code is required.
No. of employees
Details of No. of Employees.
Investment in plant & machinery
Details of Investment in Plant & Machinery
Your organization may fall in one of the classification depending on the below criteria:
| Classification | Enterprise |
|---|---|
| Micro Enterprise | Upto ₹1 crore of investment in Plant & Machinery or Equipment AND Upto ₹5 crore of Turnover |
| Small Enterprise | More than ₹ 1 crore but upto ₹10 crores of investment in Plant & Machinery AND More than ₹ 5 crore but upto ₹50 crores of Turnover |
| Medium Enterprise | More than ₹ 10 crore but upto ₹50 crores of investment in Plant & Machinery AND More than ₹ 50 crore but upto ₹250 crores of Turnover |
Re-Registration of Existing Enterprises
- All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1st day of July, 2020 till 31st March, 2021
- All enterprises registered till 30th June, 2020, shall be re-classified in accordance with this notification.
- The existing enterprises registered prior to 30th June, 2020, shall continue to be valid only for a period up to the 31st day of March, 2021.
Update of Information & Transition Period in Classification
- An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on self-declaration basis.
- Failure to update the relevant information within the period specified in the online Udyam Registration portal will render the enterprise liable for suspension of its status.
- Based on the information furnished or gathered from Government’s sources including ITR or GST return, the classification of the enterprise will be updated and a communication will be sent to the enterprise about the change in status, if any.
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How Taxified Can Help You?
- Obtaining MSME Registration Certificate.
- Availment of various benefits provided to MSME.