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MSME Registration
Online MSME Registration
What is MSME Registration?
Micro, Small, and Medium Enterprise (MSME) is the backbone of countries like India because these are the primary contributors to the socio-economic development of the country.
Statistically, India constitutes approximately 6.3 crores MSMEs. Also, the registration of MSME has increased by 18.5% year-over-year (Y-o-Y). Along with this, this sector contributes approximately 29% of GDP by national and international trade.
Additionally, MSME is also known as Small Scale Industry (SSI) and online MSME certificate is termed as UdyogAadhar or LaghuUdyog. Under the online SSI registration, the enterprise entities have classified into various categories as micro/small/medium depending on their investment in a manufacturing business or in a service sector.
Is MSME certificate mandatory?
It is advisable to obtain the MSME certificate to acquire the benefits which come with it.
What is the main benefit of MSME certificate? The fundamental benefit of MSME registration online is that it provides recognition to the business through a unique number (which is given to a business).
Apart from this, with the growth of the MSME sector, there would be economic growth and increased employment.
Benefit of MSME Registration
Provide loans at a lower rate of interest.
Enable you to avail the benefits of the government schemes.
In the initial years of the commencement of the business, an MSME certificate provides you tax benefits concerning central excise and direct taxes.
Ameliorate logistics efficiency.
TProvides Industrial Promotion Rate subsidy eligibility.
Lessen the cost of trademark and patent registration.
Avail the benefit in case of sales tax and other subsidies provided by the government.
Categories of MSMEs
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1. Manufacturing Enterprises
As the name implies, it comprises the enterprises which are engaged in manufacturing of the products which are mentioned in Schedule I of the Industrial Act, 1951. The manufacturing enterprises are described in terms of investment in Plant and Machinery.
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2. Service Enterprises
These are those enterprises that are engaged in providing the services. Also, these are enterprises described in terms of investment as equipment.
Documents Required For MSME Registration
The requirement of documents for online MSME registration online is different depending on the type of firm.
Proprietary Firm
Address proof of the company.
Certificate of shops and establishments.
Private limited company or OPC
PAN of company.
Address of company.
Certificate of a corporation.
Memorandum of Association (MoA) and Article of Association (AOA).
LLP or Partnership Firm
PAN of company.
Address proof of company.
Partnership deed and LLP agreement.
Types of MSME Registration
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Provision MSME Registration
This certificate is permitted to the firms during the pre-investment period. It has the following benefits,
Facilitates ease to get approvals, accommodation, and land.
Ease of obtaining clearances and NOC.
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2. Service Enterprises
These are those enterprises that are engaged in providing the services. Also, these are enterprises described in terms of investment as equipment.
Online MSME Registration Process | MSME Registration Certificate Process
Fill the application form either online or offline.
When filling the application form, fill in all the required information such as your name, Aadhar details, etc.
Then, affix all the required documents.
As you will be done with filling the application form, verification would be done.
If your application satisfies the standards, you will obtain the MSME certificate.
L-Man Services Hyderabad’s Compliance service provider has been providing certification/ registration services to highly reputed companies by keeping their concerns in view. That reflects that we value our client’s needs. Not only that, we been so proficient in providing high-standard online SSI registration or MSME registration online/ MSME Certificate online services by ensuring proper coordination and acknowledgments whenever required.
Our Role in Obtaining MSME Certificate
Our MSME consultants online will educate you concerning each aspect of the offline or online MSME registration.
To avoid any inaccuracy, our MSME consultants online guarantee to assist you throughout the online SSI registration process.
Our MSME consultants online will provide you with the finest assistance in the MSME registration online process of documentation and evaluation.
Our MSME registration consultants are proficient in their work, for that we coordinate with the MSME officials directly to ensure appropriate follow-ups.
Our MSME consultants online will provide assistance in tracking the progress of your MSME certification.
In case of any query, our MSME consultants online guarantee to provide you the finest solution regarding MSME registration online.
Conclusion
L-Man is dedicated to provide you high standard services at a reasonable price. We believe in providing exemplary experience to clients which is clear from the fact that we have worked with highly reputed brands such as Samsung, Newline, Milton, and more.
That being so, MSME Certificate online/ MSME registration online could be confounding and tedious. However, we have professional and experienced personnel who will provide you excellent services by keeping your concerns in view.
Hence, for expert and professional services, contact MSME registration consultants immediately for MSME registration online/ MSME Certificate online.
