MSMEREGISTRATION

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MSME Registration

What is MSME Registration?

Any business that falls under the MSME category must guarantee that they are registered as such. MSME stands for micro, small, and medium-sized enterprises. The Indian government introduced the MSMED Act to encourage small and medium-sized enterprises (SMEs) through different plans, subsidies, and incentives. Banks also grant loans at cheaper interest rates with MSME registration, as these MSME contribute significantly to the country's economic growth.

Procedures for MSME registration

After learning how to classify businesses based on their type of operation and investment, the next step is to register a firm as an MSME. This registration involves a few documents, personal information, and information about the individual. Continue reading to learn more about the registration process for MSME. Ensure that you have an Aadhar Card before beginning the process. Aadhar Card is required for MSME registration. If you do not already have one, an application must be completed online.  

A step-by-step guide to registering a micro, small, or medium-sized enterprise

In order to start your business with such an entity, you need to go through the process of MSME Registration incorporation. Once you are successful with the process, you will get to enjoy the perks of a MSME Registration that includes the following:

Step 1: Begin the registration procedure

To begin the MSME registration process, visit the official website and get the application form available.

Step 2: Complete the Application Form

To begin, you must complete the MSME Registration form, which will include all of the relevant information about your firms, such as the company name, registration number, and GST number.

Step 3: Enter Your Personal Information

You must enter all of your personal information, including your name, address, PAN Card, bank account information, and some other information required during the MSME registration procedure. Additionally, a photograph must be uploaded. Ascertain that the photo's size is within the permitted limits for uploading to the site.

Step 4: Application Will

An MSME executive will assess your application during this stage. In the event of a discrepancy, you will be alerted and allowed to correct the situation.

Step 5: Obtain a Letter Certificate

After completing the FormForm in its entirety, you will receive a certificate of MSME Registration. To see what it would look like, you can download a sample MSME certificate. The Ministry will not provide you with a hard copy. You will receive a virtual certificate upon completion of the MSME Registration process.

This is the procedure for registering a business as an MSME. Notably, the entire registration process is entirely free. However, numerous internet portals will complete the registration process on behalf of businesses for a fee.
But being a time consuming process, people are not fond of completing it on their own. Well, in that case at Legal Times we are helping them out and complete it.

Benefits

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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Requirements

Minimum two directors
Minimum two shareholders
At least one director should be from India
Maximum 200 shareholders

Documents Required

PAN CARD

Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled

PHOTOGRAPH

Updated Passport size photos of all Participators / Shareholders and Directors.

IDENTITY PROOF

Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.

ADDRESS PROOF

Updated Electricity Bill/ Telephone Bill / Bank Account Statement of all Shareholders & Directors.

FOR REGISTERED OFFICE

Rent agreement

Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

GST Registration

Trademark/Patent Registration

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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