Apply for MSME Registration

MSME Registration

MSME Registration is known as the Ministry of micro, small and medium enterprises. In developing countries such as India, MSME plays a role as the backbone of the economy. It contributes 45% in India Industrial Employment. Apart from it, the service and manufacturing line in both cases the registrations are procured by MSME. This registration is beneficial for business purposes as it provides a lot of facilities such as credit facility, taxation, setting up the business, and loan benefits.

MSME Registration

MSME Enterprises of the Manufacturing Sector

Micro Enterprises

Entities investing less than ₹ 25 lakhs in plant and machinery

Small Enterprises

Entities investing between ₹ 25 lakhs and ₹ 5 crores in plant and machinery

Medium Enterprises

Entities investing between ₹ 5 crores and ₹ 10 crores in plant and machinery

MSME Enterprises of the Service Sector

Micro Enterprises

Entities investing less than ₹ 10 lakhs

Small Enterprises

Entities investing more than ₹ 10 lakhs but less than ₹ 2 crores

Medium Enterprises

Entities investing ₹ 2 crores but less than ₹ 5 crores

Documents Required

Business Address Proof

If the premise is self-owned– Allotment letter, possession letter, lease deed or property tax receipt. If there is a municipal license in the business name or in the name of the proprietor, partner or director of the business, no other possession document is required to be submitted.
If the premise is rented– Rent receipt and a no objection certificate from the landlord is required. Also, any utility bill or document evidencing the landlord’s ownership is to be submitted.

Copies of Sale Bill and Purchase Bill

Business is required to submit copy of sale bill related to each end product that it will supply. Also, for each raw material that it will purchase, a purchase bill has to be submitted.

Partnership Deed/ MoA and AoA

If the business is a partnership firm, it has to submit its partnership deed. If the partnership firm is registered, it has to submit registration certificate also.
In case of a company, copy of Memorandum of Association and Articles of Association, and certificate of incorporation has to be submitted. With it, copy of the resolution passed in general meeting, and a copy of board resolution authorizing a director to sign the MSME application is also to be submitted.

Copy of Licenses and Bills of Machinery Purchased

In few cases, the applicant has to submit a copy of industrial license which is to be obtained by giving an application to Govt. of India. Further, all bills and receipts related to purchase and installation of plant and machinery have to be kept safe and required to be submitted on demand.

Registration Process

Aadhar number is now compulsory for registering under MSME act. An application is to be filed online using Udyog Aadhar Registration, and this can be verified using e-Aadhar OTP.
Provisional registration is given in the initial five years if an entity hasn’t started its business yet. During this period, it can obtain loans from banks, and apply for various NOCs from regulatory bodies. Once the entity commences its operations, it can apply for a permanent license which has a lifetime validity, unless canceled.

FAQ

Yes, MSME registration now has been replaced with Udyog adhar. If businessmen want to stand their  business they can register with MSME/ Udyog adhar.

No, there is no expiry date of Udyog adhar certification.

Yes, the adhar card is important if you want to register under the Udyog adhar scheme.

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