MSME Registration Online Process in 7 Days

What is MSME Registration?

As per the MSMED Act, 2006 the micro, small and medium enterprises is basically dependent on the investment in the plant and machinery for those who are engaged in the manufacturing or production process of goods or investment in equipment for business enterprises engaged in providing or rendering services.

Eligibility for obtaining MSME Registration Online

Who can apply for MSME Registration Online?

Sole Proprietor
Hindu Undivided family
Partnership Firm
One Person Company
Limited Liability Partnership
Private Limited Company
Limited Company
Producer Company
Association of persons
Co-operative Societies
Any other undertaking other than above

What is the criteria for applying SSI Registration?

SSI registration can be obtained by following enterprises

As per the Notification released on 07th February, 2018

Sr. No.	Type of Enterprise	Manufacturing Enterprises (Annual Turnover)
1	Micro	Does not exceed Rs.5 Crore
2	Small	Exceeds Rs. 5 Crore but does not exceed Rs. 75 Crore
3	Medium	Exceeds Rs. 75 Crore but does not exceed Rs. 250Crore

Before Notification

Sr. No.	Type of Enterprise	Manufacturing Enterprises (Investment in Plant and Machinery)	Service Industry (Investment in equipment)
1	Micro	Does not exceed Rs.25 Lakh	Does not exceed Rs. 10 Lakh
2	Small	Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore	Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore
3	Medium	Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore	Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore

Documents Required for MSME Registration Process

Pan Card of the proprietor/ all the partners/all the directors
Aadhar Card of the proprietor/all the partners/all the directors
Proof of ownership of premises such as allotment letter/possession letter/lease agreement/property tax receipt.
If rented premises Rent agreement and NOC from landlord along with supporting by the landlord ownership.
Copy of sale bill of each end product
Copy of purchase bill of each raw material purchased
Partnership Deed
Copy of Memorandum and Articles of association in case of Private Limited Company along with Board’s Resolution authorizing the director to sign the application
Copy of Industrial License as obtained under Industrial Development and Regulation Act,1951
An affidavit of Rs. 10/-non judicial stamp paper duly attested by Notary Public affixed providing the status of machinery installed, power requirement etc.
Purchase bill of machinery installed
Bank Account Statement

Benefits of MSME Registration

Collateral free loans from banks
Reservation policies to manufacturing and production sector
Can easily approval for licenses and registrations
Special consideration for international trade fairs
Waiving of Stamp duty and registration fees
Exemptions under Direct Taxes
Subsidy on NSIC performance and credit ratings
Eligible for IPS subsidy
Reduction in interest rates for loans taken from banks
Waiver of security deposit to be retained with the government.
Reimbursement of ISO certification.

Small Scale Industries registration can be done in order to acquire benefits and subsidies which are given to micro, small and medium scale enterprises however SSI registration is voluntary to obtain. It contributes towards the economic growth of the country. Before starting operations one can go with the Provisional SSI registration certificate (PRC). With the help of this certificate one can obtain term loans, working capital and clearance from other government regulatory bodies.

There are numerous benefits which have been issued by our government in order to achieve growth at much faster pace. With MSME registration process one can avail credit easily, and besides this tax rebates and exemptions.

Deregistration can also be done in case registered entity do not follow prescribes guidelines of the government. SSI Registration will also get cancelled in case it exceeds the limits prescribed by the government.

For MSME registration online, an online application is filed on the website of the government.

Guidelines for making application

Aadhar number is mandatory for making MSME registration online.
Name of the owner: The applicant shall fill his/her name as mentioned in the Aadhar card
Validation: The applicant has to validate the tab after which OTP is generated after which only he will get access for filing the application form
Social Category: We have to select the social category (General/OBC/SC/ST)
Gender
Physically handicapped
Name of the Enterprise: The name of the enterprise has to be provided by which the enterprise will be known to the customer and public which will have a specific legal status to conduct the business. Note that one applicant can have more than one enterprise doing business with the same Aadhar number
Type of organization:
Pan number: Pan Number is mandatory for Co-operative society, partnership firm, private limited company, public limited company. However it is optional for others
Location of the Plant: Multiple plant location can be registered under one SSI registration
Date of commencement: The proper date on which the business has commenced may be filled appropriately
Previous Small Scale Industries Registration Details if any
Bank Details:
Name of the Bank
Account Number
IFSC Code
Cancelled Cheque copy
Activity for which MSME registration is taken: Whether Manufacturing or service
National Industry Classification Code: The applicant has to choose multiple activities which they are going to conduct as per National Industrial Classification Code -2008. A applicant registering under MSME can NIC codes for manufacturing and service
No of employees: The total of employees who are paid salary/wages are to be mentioned
Investment in Plant and Machinery: The cost of investment in plant and machinery is to be mentioned excluding the pollution control cost, research and development cost, industrial safety devices or any other items as may be specified
DIC: Depends on the location of the enterprise.