MSME Registration

If your company is micro, small or medium, you need MSME registration in order get access to many incentives provided by the government under the MSME act.

Rs. 1999 /- only
About MSME MSME Benefits Documents Required MSME Act 2006 UDyam Portal

What is MSME registration?

MSME registration is the process of registering a Micro, Small and Medium Enterprises (MSME) under the MSMED Act, 2006. The MSME registration process involves furnishing details such as name of the enterprise, type of business, address, etc. to the concerned authorities. The registration provides some benefits and privileges to the enterprise such as access to credit, certain tax benefits, and other subsidies.

What are the advantages of MSME registration?

There are many advantages of registering your MSME. These include:

Access to subsidies, credit facilities and tax incentives.

A sense of legitimacy and recognition.

Reduced cost of business registration and compliance.

Access to government procurement contracts.

Simplified business registration process.

Access to new markets.

Access to Government schemes and technological advancements.

Support from the Government in obtaining licenses and approvals.

What are the documents required for MSME registration?

In order to get your MSME registered, you will need to provide the following documents:

  • A copy of your existing registration certificate (if any)
  • Two passport-size photographs of the proprietor
  • PAN card of the proprietor
  • Proof of address of the proprietor
  • Identity proof of the proprietor
  • Bank account details of the proprietor
  • Memorandum of Association (MOA) and Articles of Association (AOA)
  • Partnership deed (in case of partnership firm)
  • A valid mobile number
  • Declaration of compliance
  • A valid email address
  • List of the Directors /Partner/Proprietor
  • Certificate of Incorporation (in case of companies)
  • Certificate of commencement of business (in case of companies)
MSME Act 2006

What is MSME Act , 2006? & What are the benefits of MSME registration for my business?

What is MSME Act , 2006?

The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is a legislation enacted by the Government of India to provide a legal framework for the development of the micro, small and medium enterprises in India. It was enacted to provide an institutional mechanism to facilitate the promotion and development of small and medium enterprises. It also provides for the regulation and registration of micro, small and medium enterprises. The Act provides a legal framework for the promotion and development of these enterprises, and also provides for the registration and regulation of these enterprises.

Benefits of MSME registration

MSME registration offers several benefits for businesses, such as tax incentives and easier access to credit. It also helps provide businesses with a legal identity, which makes them eligible for government tenders and subsidies. Additionally, MSME registration helps businesses to avail themselves of the various schemes and incentives offered by the government to encourage small-scale businesses. Furthermore, businesses that are registered under MSME are eligible to access the various schemes and services provided by the government, such as credit guarantees, easy access to capital, and other benefits.

Time Required

The time required for ME registration depends on the jurisdiction and complexity of the process. Generally, it can take anywhere from several weeks to several months to complete the registration process.

UDyam Portal

What is the procedure of MSME registration

How to register for MSME using UDyam portal?

To register for MSME using the UDyam registration portal, first you need to create an account on the portal. This can be done by visiting the official website and clicking on 'Register Now' option. You will be required to provide your personal details, such as name, email id, contact details, etc. Once you are done with this, you will be asked to fill in details about the business you are registering for, such as its name, its nature, its address, etc. After providing all the necessary details, you need to submit the form and make the payment. Once the payment is made, your registration will be completed and you will be issued a Unique ID. This Unique ID will be required to access the portal.

What is the difference between MSME and Udhyam?

MSME registration is for businesses that fall under the Micro, Small and Medium Enterprises (MSME) category. This registration is done through the Ministry of Micro, Small and Medium Enterprises (MSME). It is beneficial for businesses as it helps in accessing different benefits and subsidies related to taxes, finance, etc.

footer-service

Start a Business

Business Liecense

GST

Income Tax

TOOLS

© 2022 Tech and Tax Planner Pvt. Ltd.   All Rights Reserved.

Developed By : Inventive Infosoft | Creative Consultant: Efox Technologies