.
.
.
All the business which are operating in the market and want to get a legal existence and want avail benefits under MSME scheme can get register themselves under Micro, small and medium enterprise development act 2006 and as per government enacted act Micro, Small and Medium Enterprise Development (MSMED) Act 2006, micro, small and the medium has been defined as under:
For Manufacturing and service sector both
Micro means an enterprise where investment in plant and machinery does not exceed 1 crore and Turnover does not exceed 5 crore.
Small means an enterprise where investment in plant and machinery more than Rs.1 crore but does not exceed Rs. 10 Crore and Turnover does not exceed 50 crore
Medium means an enterprise where investment in plant and machinery more than Rs.10 crore but does not exceed Rs. 50 Crore and Turnover does not exceed 250 crore
MSME remains under any of these three classifications for Micro, Small, Medium Enterprises and any venture falling in under. MSME ventures are the foundation of any economy and a motor of financial development, developing fair progress for everyone. In this way, the Government of India will support and advance MSMEs through various sponsorship schemes and encourage these companies through the MSMED act. MSME Registration is required to take advantage of the benefits provided for by the MSMED Act from the central or state government and the banking sector. MSMED act requires that every MSME be licensed whether the company is service-related or for manufacturing. MSME registration is a useful plot to exempt the extract, impose endowments, control tax sponsorships, capital speculation appropriations, and others.
MSME Udyog Aadhar registration has been replaced by Udyam Registration with effect from 1st of July 2020 as per the notification dated 26th of May 2020.
All the registered entity which has UAM number or registered under Adyog Aadhar registration shall register again on Udyam registration portal on or after 1st of July 2020
All enterprise registered till 30th of June 2020 shall be classified in accordance with this notification
The registered enterprise registered prior to 30th of June 2020 will remain valid for a period up to the 31st day of March 2021
For more information Click Here
➲ Helps in getting a bank loan
The Government of India has made collateral-free finance facilities to the small and micro business entities. Banks and other money-related organizations, perceive MSMEs, have made excellent schemes for them. This more often than not removes the need for segment loaning, which implies a high likelihood of a credit being supported by your company and lower cost of bank financing.
➲ Subsidy on Trademark registration and Patent registration
The government provide 50% of subsidy on the registration fee of trademark or patent registration on holding MSME certificate
➲ Exemption on overdraft interest
Business registered under MSME will avail the exemption on the interest rate of OD which will differ bank to bank
➲ Eligible to avail subsidy on industrial promotion
Business registered under MSME will get subsidy can for business promotion
➲ Tax benefit
In the initial years of your company, you can enjoy an excise benefit scheme, as well as exemption from some direct taxes.
➲ Government Tender filing
NSIC registered organization gets preference while seeking government tender and for NSIC Registration MSME is compulsory, indirectly MSME helps in seeking government tenders.
➲ Concession on Electricity bill
➲ Reimbursement of ISO certification charges. etc
Step1. Verify your Aadhar
The first step is to verify your Aadhar on Udyog aadhar site and verify your mobile number registered with your aadhar number through OTP, if your number is not registered with aadhar then proceed with enrolment with other identities proof document.
Step2. Fill up the form
After mobile verification, MSME registration form will be open and form will consist of detail:
Step3: Review the form before submitting it.
Step4: Submit the form and verify your OTP while submitting the form, after submission one UAM number will be generated note that for future reference.
Step5: After submission of you will get your MSME certificate immediately or within 24hrs
Step6: Print your MSME certificate
Documents:
➲ PAN copy of the business entity
➲ PAN card copy of applicant (Director/Partner/proprietor)
➲ Aadhar card of applicant (Director/Partner/Proprietor)
Information required
➲ Business Name and address detail of registered office and operational office
➲ Detail of business for deciding your NSIC (about the product and services which business is providing)
➲ Business Bank Account detail (Bank name, branch name, account number and IFSC)
➲ Initial capital investment amount (in lakhs)
➲ Number of workers employed
➲ Date of establishment of business
➲ Other information as per requirement.
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on reach@corpzo.com.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
Registration for PF is compulsory for the companies / Organizations who employ 20 or more individuals. Also, a small organization that does not have the maximum Strength can register them voluntarily. The organization which grows to strength of 20 members
Read MoreAll the business which are operating in the market and want to get a legal existence and want avail benefits under MSME scheme can get register themselves under Micro, small and medium enterprise development act 2006 and as per government enacted act Micr
Read MoreIn 2017 parliament if India has passed the Goods and Service Tax act (GST act) and this act came into effect from 1st July 2017. It’s an indirect tax which replaced many other prevailing indirect taxes in India. It is all in one tax which includes a v
Read MoreStartup means an entity, incorporated and registered in India which fulfils the following: Is any of the following Private Limited Company Public Limited Company Limited Liability Partnership Partnership Firm The annual turnover of the applicant s
Read MoreRNI stands for the Registrar of Newspapers of India. RNI registration is a mandatory requirement to start a business of newspapers, magazines or journals in India. In India all the publishing industry is governed under the press and books registration act
Read MoreIn India, the real estate sector plays an important role in meeting the housing and infrastructure growth needs and demands. Although this sector has developed rapidly in recent years, it has been largely unregulated, given the absence of professionalism
Read MoreAn autonomous body created by the law under the Ministry of Labour and Employment, Government of India is known as Employee State Insurance Corporation. This scheme is started for Indian workers. The workers get a huge variety of medical, monetary and oth
Read MoreNSIC stands for National Small Industries Corporation. It is a Govt. of India enterprise with the aim of helping small and micro-entrepreneurs to flourish in business activities. NSIC operates through a countrywide network of offices and aims to promote a
Read MoreNo person shall begin or carry on the export business of any spice, unless it has obtained registration under Spice board for making such export. The Spices Board is the regulatory and export promotion body for Indian spices under the Indian government
Read MoreUnder Ayushman Bharat or National Health Protection Scheme, every qualifying family will receive an annual rs.5 lakh insurance premium Benefits under this scheme are not exclusive to any hospital or branch in question. The patient will benefit from any
Read MoreThe Legal Metrology Directorate is a separate government department of the Ministry of Consumer Affairs, Food and Public Distribution. Legal Metrology is responsible for the standards and regulations relating to measurements and weights of measuring instr
Read MoreA Free Sale Certificate (“FSC”) is a certificate issued by the national regulatory authority of the exporting country on the basis of national legislation stating that the product is freely available in the country but without any confirmation
Read MoreMSME udyog aadhar registration has been replaced by Udyam Registration with effect from 1st of July 2020 as per the notification dated 26th of May 2020. The Ministry of Micro small and medium enterprises notified certain criteria for classifying
Read MorePursuant to the amendments in the 1975 Professional Tax Act , a person (natural / legal) registered under the MGST Act is liable to register for Professional Tax Enrollment Certificate (PT-EC) and pay Rs.2500 annually. Furthermore, if the business has any
Read MorePSARA License is a prerequisite before any person in India starts a private security company. The Private Security Agency is an entity involved in providing security guards and other related services as an alternate to the police at an establishment. The
Read MoreRegistration and regulation of clinical establishments are provided for in the Clinical Establishments Act. Health facilities throughout the country with a view to prescribing essential care Minimum criteria for special kinds of facilities and services
Read MorePursuant to the 1948 Factory Act, it is compulsory for each factory owner to register their premises with local authorities before starting a business. Factory License acts as an approval document provided by authorities to carry out manufacturing
Read MoreBespoke advisory focused on mission critical legal, financial and business aspects.
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.
Write About UsProfessional and trusted service, my company needed certification from the state excise in the State of Telangana and CORPZo were so professional in their approach, be it filing of part 3 and 4 of MSME or application process with the state exice that it made my life easy.
“
Will always look to a team which is knowledgeable particularly when it comes to the field of alternative medicine. I had spoken to many including the government offices but was confused how to proceed with setting up of my pharma unit, CORPZo had the right professional guidance available.
“
They believe in transparency in business and give high regard to Customer Satisfaction. Love to work with them and Highly Recommended
“
I needed to apply for business related registration and receive some certificates. Their service is very professional. I researched in the market and found that they are very cost effective, so initially I was a bit doubtful, but, for my surprise, they are better than some of the big house.
“
Awesome and excellent services provided to me. Great and polite gestures with full professional behavior . Have got my company incorporated by corpzo. It was done within a week and have been using their accounting services ever since. They have been a real boost to my business.
“
© 2023 Corpzo Ventures Private Limited.
