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MSME | SSI registration

Why MSME registration;

MSME stands for Micro Small and Medium Enterprise. Any business establishment which has invested less than 10 crores in the plant and machinery of the business falls within the ambit of the MSME or SSI business setup. The law has not made MSME registration mandatory but it has multiple benefits which attract entrepreneur to register their businesses under the MSME Act.

* Priority sector landing

* Subsidies

* Tax exemptions

* Cheaper bank loans

* Easy access to credit

* Higher preference of government license and certificates

* Economical infrastructure

* Business address proof

* Aadhaar card

* Name and type of business

* Pan card

* Bank account detail

* Micro enterprise

* Small enterprise

* Medium enterprise

* Any type of business entity

* Proprietorship

* Hindu undivided family

* Partnership firm

* Company

* Limited liability partnership

However, it is of great importance to mention that in order to register a business under MEMS Act, 2006 following conditions must be satisfied;

For enterprises involved in manufacturing:

* Investment plan or machinery must not exceed INR 25 lakh; micro enterprise

* Investment plan or machinery must not exceed INR 5 crore but should be more than INR 25 lakh; small enterprise

* Investment plan or machinery exceeds INR 5 crore but does not exceed INR 10 crore; medium enterprise

For enterprises involved in rendering services:

* Investment plan or machinery must not exceed INR 10 lakh; micro enterprise

* Investment plan or machinery must not exceed INR 2 crore but should be more than INR 10 lakh; small enterprise

* Investment plan or machinery exceeds INR 2 crore but does not exceed INR 5 crore; medium enterprise

* Fixed Price and No hidden charges.

* No stress of paperwork

* Experienced and dedicated professionals work for you

* Regular updates

* Documents will be delivered on your doorstep

* Pay Online

* Our Customer Support executive will call you for details

* You will be eligible for a 15-minute free consultation with our top lawyers

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