MSME Registration / SSI/ Udyog Aadhar Registration
We help you with Micro Small and Medium Enterprises/ Small Scale Industry/ Udyog Aadhar Registration
Micro Small and Medium Enterprises (MSME)
Micro Small and Medium Enterprises (MSME), sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries. Furthermore also help in the industrialization of rural & backward areas. Finally reducing regional imbalances, assuring more fair distribution of national income and wealth.
The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006 to address policy issues affecting MSMEs. As well as the coverage and investment ceiling of the sector. As per the MSME Act of 2006, all enterprises are expected to register with District Industries Centre (DIC) of their area. And also file Entrepreneurs Memorandum (EM) 1 for intention to start a business if manufacturing or service and file EM 2 after starting production.
Udyog Aadhaar Memorandum (UAM)
A large chunk of enterprises in India is simply not registered because of the cumbersome paperwork involved in the process. And, therefore, can’t tap the government schemes for them. The Ministry for Micro, Small and Medium Enterprises had in September 2015 notified Udyog Aadhaar to ensure ease of registration. And also enlarging the coverage of MSMEs to avail the benefits under various Schemes of Central/ State governments. Hence, at present, the filing of EM-I has been abolished. Udyog Aadhaar (UA) has been introduced for running units.
UAM is a one-page registration form which constitutes a self-declaration format. Under which the MSME will self-certify its existence, bank account details, promoter/owner’s Aadhaar details, and other minimum information. On submission of the form, Udyog Aadhaar Acknowledgement shall be generated. And mailed to the email address provided in the Udyog Aadhaar Memorandum which shall contain unique Udyog Aadhaar Number (UAN).
Existing enterprises, which have filed Entrepreneurship Memorandum-I or Entrepreneurship Memorandum-II. Or both, or the holders of Small Scale Industry registration. Prior to the coming into force of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall not be required to file Udyog Aadhaar Memorandum. But if they so desire, they may also file the Udyog Aadhaar Memorandum. There is no restriction on filing more than one Udyog Aadhaar Memorandum using the same Aadhaar Number.
SSI Registration or Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. Once a business obtains SSI registration. The business becomes eligible for a number of schemes and subsidies promoted by the Government to boost small businesses in India. SSI Registration or Small Scale Industry Registration or Small Business Registration are all the same as MSME Registration in India. SSI Registration is provided by the Ministry of Micro, Small and Medium Enterprises through the Directorate of Industries of the State Government.
Each of the State Government has adopted the uniform registration procedures as per the MSME guidelines. However, some States have made modifications to the procedures for obtaining SSI Registration. Hence, the procedure for obtaining registration would vary from State to State
We at Taxsavo will help you get MSME Registration / SSI/ Udyog Aadhar Registration all done with ease without any problems of going desk to desk for a single signature just sit back and let us do the service that we have provided to 900+ satisfied clients.
Documents required for MSME registration
Client has to submit business address proof, , and licenses from regulatory bodies.
a. Address Proof
Aadhar Card of a Client is required as an Address proof.
b. Bank Statement
Bank Statement for last 6 months in PDF format
c. Licenses from Regulatory Bodies
PAN card is required as a Licenses from Regulatory Bodies.
d. Details of Goods and Services
Details of Goods and Services provided by the Client to the customers.
Why get your Udyog Aadhar?
The government of India announces various incentives time to time to promote MSME’s through MSMED Act 2006. Once registered you get:
• Easy sanction of Bank loans at lower rates of interest
• Credit Guarantee scheme
• Excise exemption
• The exemption under direct tax laws
• Interest on Delayed Payments Act which is thrice of the rate stipulated by RBI for the time being
• Other Subsidies from State Governments as extended credit facilities, Industrial extension support, and services, Assistance in marketing( both within the country and outside) Assistance for construction of industries in underdeveloped areas, Technical consultancy, assistance in capital, and so on, for enhancement of technology in MSME’s
Apart from it, Government in a phase-wise manner enhances the list of reserved products to be brought from MSME’s only.
Moreover, as per Trademark Rules 2017, special provision has been carved out for micro and small industries. As per schedule A of the rules, the fees for filing a trademark application for MSME’s is only 50% as compared to another form of business.