MSME Registration

MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act.it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support.MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories.

Hassle Free MSME Registration

for Business-man & Consultants

Step by step assistance

For MSME Registration

Micro, small and medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.Though the MSME registration is not statutory required,Rajput Jain & Associates can help your business obtain MSME Registration to avail a host of benefits.

Simple Steps to MSME Registration!

MSME Process

Rajput Jain & Associates .com can help your business obtain MSME Registration in 10 to 20 days, subject to Government processing time.

Application Preparation

An RJA- Financial Expert will prepare your MSME Application along with the necessary supporting documents that needs to be submitted for MSME Registration.

Application Processing

Once the application is prepared and submitted, the concerned MSME Office will process the application and may request for more information or documents (if required).

MSME Registration

While processing the application, if required an RJA - Financial Expert will help respond to any query or request for document and obtain MSME Registration.

Rajput Jain & Associates can help your business file MSME registration. Our MSME registration experts can also help you in MSME regulation compliance for your business.

For any information / query regarding MSME registered Services, Contact Us

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Frequently Asked Questions (Faq)

  • What is MSME Registration?

    MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSME.

  • Who can obtain MSME Registration?

    MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:

    Types of Enterprises Manufacturing Industry
    (Investment in Plant and Machinery)
    Service Industry
    (Investment in Equipment’s)
    Micro Does not exceed Rs. 25 Lakh Does not exceed Rs. 10 Lakh
    Small Exceeds Rs. 25 Lakh but does not exceed Rs. 5 Crore Exceeds Rs. 10 Lakh but does not exceed Rs. 2 Crore
    Medium Exceeds Rs. 5 Crore but does not exceed Rs. 10 Crore Exceeds Rs. 2 Crore but does not exceed Rs. 5 Crore
  • What are the documents required for MSME registration?

  • What if my Enterprises crosses the investment threshold of the MSME Act,?

    If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration

  • Which are the classes of enterprises that may qualify for Registration?

    Class of MSMED Registration: All classes of enterprises, whether Proprietorship, Hindu undivided family, Association of persons, Co-operative society, Partnership firm, Company or Undertaking, by whatever name called can apply for the registration and get qualified for the benefits provided under the Act. First a provisional registration certificate is given. And after commencement of production, a permanent registration certificate is given.

    Provisional Registration

    Provisional registration is granted to a unit at its pre- investment period to enable it to take necessary steps to apply for financial credit, land or an industrial set, water, power or telephone connections, etc.Provisional registration isEnables the unit to get the following incentives/concessions:

    • This is given for the pre-operative period normally valid for 2 years&enables the units to obtain the term loans and working capital from financial institutions/banks under priority sector lending.
    • Obtain facilities for accommodation, land, other approvals etc.
    • Obtain various necessary NOCs and clearances from regulatory bodies such as Pollution Control Board, Labour Regulations etc.

    Permanent / Final Registration

    A provisionally registered industrial unit when it is about to go into production is to apply for grant of Permanent / Final Registration and is given in perpetuity.An existing and functioning industrial unit is eligible to apply for Permanent / Final Registration without going into provisional registration processes.Enables the unit to get the following incentives/concessions:

    • Income-Tax exemption and Sales Tax exemption as per State Govt. Policy.
    • Incentives and concessions in power tariff etc.
    • Price and purchase preference for goods produced.
    • Availability of raw material depending on existing policy.
    • Permanent registration of tiny units should be renewed after 5 years.
  • Permanent Registration Certificate:How long does it take to obtain MSME registration?

    MSME Registration process is state specific. Therefore based on the state, the MSME Registration processing time differs. MSME Registration can typically be obtained in 10 - 15 working days.

  • What is the validity of a MSME Registration?

    MSME Registration is first provided as a Provisional Registration Certificate with a validity of 5 years. Once, the unit has commenced production, a Permanent Registration Certificate is issued which is valid for lifetime of the entity.

  • What are the benefit/ advantage of registration under Micro, Small and Medium Enterprises Development (MSMED) Act?

    The registration under MSMED is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises.The Act provides for the payment of compound interest at 3 times the Bank Rate by the Buyer in case of failure to make the payment with in maximum of 45 days from the date of receipt of goods or services.Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.,

    ADVANTAGE OF REGISTRATION UNDER MSMED) ACT:

    Disclosure of delayed payment in audited accounts

    Where any buyer is required to get his annual accounts audited under any law for the time being in force, such buyer shall furnish the following additional information in his annual statement of accounts, namely:

    • The principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier (micro or small enterprise) as at the end of each accounting year.
    • The amount of interest paid by the buyer along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year.
    • The amount of interest due and payable for the period of delay in making payment (‘payment’ here means the payment which have been made but beyond the appointed day during the year and without adding the interest thereon specified under this Act for the period of delay).

    Disallowance of interest under Income Tax Act, 1961

    • According to the Income Tax Act, 1961 the amount of interest payable or paid by any buyer, for delayed payments to Micro and Small Enterprises shall not be allowed as deduction for the purpose of computation income under the Income Tax Act, 1961. Printing of MSMED Registration/EM Number on the letter heads
    • The Micro and Small Enterprises should mention/get printed on their letter heads, supply order sheets, invoices, bills and other relevant documents, the MSMED Registration/Entrepreneurs Memorandum (EM) Number allotted by a competent authority, so that there remains an identification of being a MSE supplier.
  • Can foreign contribution be mixed with local receipts?

    No. Foreign contribution cannot be deposited or utilized from the bank account being used for domestic funds.

  • Can foreign contribution be received in rupees?

    Yes. Any amount received from 'foreign source' in rupees or foreigncurrency is construed as 'foreign contribution' under law. Such transaction even in rupees term are considered foreign contribution.

  • Will interest earned from foreign contribution be considered foreigncontribution?

    Yes

  • If an application for registration or prior permission is submitted onlineby an association, does it need to submit that application in physical form also?

    Yes. When an application is filed online, a printout of the same may betaken after submission and thereafter, it should be submitted, duly signed,along with the requisite documents to the Ministry of Home Affairs. Theprescribed forms for submission of application for grant of Registration andPrior Permission are FC3 and FC4 respectively.

  • What are the common offences, which are subject to severe penalty and punishment?

    NGO’s receiving foreign contributions should guard against violating the provisions of FCRA. The following are a few common offences, which aresubject to severe penalty and punishment:

    • NGO’s accepting foreign contribution without registration or prior permission.
    • NGO’s having FCRA registration but receiving foreign contribution in different bank accounts.
    • NGO’s having FCRA registration and not filing annual return in prescribed Form.
    • NGO’s having FCRA registration filing false information in the annual return.
    • NGO’s with FCRA registration or prior permission not maintaining the required books of account.
    • NGO’s receiving foreign contribution on behalf of other NGO’s not having FCRA registration.
    • Not filing nil return in the year when foreign contribution is received.
    • Diversion of funds for the purposes other than for which they were received.
    • Not maintaining the separate books of account
    • Mixing of Local funds with foreign funds.
  • Who are liable Persons liable for punishments under?

    The provisions of the Code of Criminal Procedure, 1973 shall apply in so far as they are not inconsistent with the provisions of this Act to all seizures made under this Act Persons liable for punishments under FCRA The following persons may be liable to penalties and punishments depending on the nature of the offences:

    • NGO Chief Functionary
    • Governing body members
    • Other officers
    • Other persons who indulge
  • What are the Penalties punishments under FCRA?

    To sum up the discussions: Violation of FCRA can attract severe penalties which could be as under :

    • Seizure and confiscation of foreign contribution receipts.
    • Fine upto 5 times the value of the foreign contribution spent.
    • Inspection and seizure of accounts and records.
    • Compulsory prior permission requirement even if the NGO is registered under FCRA.
    • Imprisonment upto 5 years and/or fine.
    • Prohibition on accepting foreign contribution for 3 years for persons convicted twice.

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