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MSME | SSI registration

MSME/SSI Registration

The Micro, Small and Medium Enterprises are considered as a very significant piece of India’s legacy economic model and a part of the critical supply chain for products and services. This sector is the job creator as well as play a crucial role in providing large-scale employment and industrialization of rural and backward areas. In 2015-2016, according to the National Sample Survey (NSS) 73rd round, there were around 633.8 lakh unincorporated non-agriculture enterprises in the country which are dealing in different economic activities providing employment to 11.10 crore workers.

Although getting MSME online registration is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.

Maheswari Consultancy can help your business obtain MSME Registration online to avail a host of benefits. MSME online registration or SSI online registration can be done through Maheswari Consultancy in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.

One Person Companies are benefiting largely in developing the overall economy of India. More and more Entrepreneurs are coming up and commencing their business. By incorporation of OPC, the company can enjoy the benefits in banking point and are eligible for Banking loans, credits. So, if you want to start up your own business, you don’t have to worry about all the network and slow processes.

What Is Included In Our Package?
Application Preparation
Document submission to MSME registrar
Obtain MSME certificate
Procedure For MSME/SSI Registration
Complete our MSME Form/SSI Form
You just need to fill our simple msme regisstration form which would ask about your basic information. In case of ssi registration, a ssi ssi registration form will be filled. This would be required while filing your application with the department.
  • Start
Preparation of Documents
According to the details provided to us, we will draft your documentation accordingly.
  • 1-2 WORKING DAYS
Filling MSME/SSI Application
Going further, we will file your application along with the required documents to MSME registrar. Before submission, our expert will verify your documents properly.
  • 2 Working Days
Your work is now completed
Once the SSI/MSME application is approved and your MSME certificate/SSI certificate is issued, we shall send it to you via email and courier.
  • CONGRATULATIONS
What is MSME or SSI?

In India, MSME introduced in the year 2006. Actually, there are still some service sector that was not yet included in this sector was included in the definition of the Micro, Small and Medium-sized Enterprises making a historic change to this Act. Hence, leveraging the scope of the sector even now the government simplified the MSME Registration online with the paperless work.

The benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies and excise and direct tax exemptions. Following are the conditions which need to be fulfilled to qualify under MSME Act.

  • All the manufacturing enterprises which have invested less than 10 crores in machinery and plant are allowed to be registered as MSME.
  • In service enterprises, the investment in plant and machinery should not be more than 5 crores.
  • And in near future, if your enterprise exceeds the maximum limit, then it will not sum up as MSME.
What Are The Different Types of MSMEs?

There are 3 types of MSME or SSIs which can be classified as under:

Micro Enterprises
Micro-enterprises are the smallest entities, of course. The investment under Micro manufacturing enterprises should be less than Rs. 25 lakhs in plant and machinery, whereas, the micro service enterprises should not exceed Rs. 10 lakhs investment.
Small Enterprises
In small manufacturing enterprises, the investment should be in between Rs. 25 lakh and Rs. 5 crores in plant and machinery, while in small service enterprises this investment limits between Rs. 10 lakh and Rs. 2 crores.
Medium Enterprises
And if we’ll talk about the Medium manufacturing enterprises, then the investment should be in between Rs. 5 crore and Rs. 10 crores in plant and machinery, and for small service enterprises it should be in between Rs. 2 crore and Rs. 5 crores.
Benefits of MSME / SSI Registration

There are multiple benefits of MSME / SSI registration for small businesses:

  • Cheaper bank loans : The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
  • Easy access to credit : PM Modi has introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.
  • Quicker approvals from state and central government bodies: Business registered under MSME are given higher preference in terms of government license and certification.
  • Tax rebates : MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
  • Cheaper infrastructure : Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.
  • Access to tenders : There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

Note: Maheswari Consultancy is owned and operated by a consultancy firm and in no way represent any relation to any government body or http://www.udyogaadhar.gov.in

Why Choose Maheswari Consultancy
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Frequently Asked Questions

At least two partners are required for an LLP registration. There is no limit to the maximum number of partners. If you are the sole owner, you can register as a One Person Company.

Any individual/organisation can become the partner in an LLP including foreigners/NRI’s. However, an individual must be above 18 years and should have a valid PAN card.

Our procedure is 100% online which means that, there is no compulsion for you to be present at our office physically. A scanned copy of documents can be sent to us via mail and we will handle the rest. You will get the company incorporation certificate from MCA via courier at your business address.

We do not have any kind of hidden charges. Our system is completely transparent. After making your payment, we will send you an invoice that is all-inclusive, with no hidden charges. Our team will provide you all the support you need, till you get your LLP bank account.

You need to have a bank account with a minimum balance, which could be as little as Rs.5000. You need not invest any more capital in starting the business. You needn’t even deposit this amount to the bank. You can also show that the capital amount has been utilized, in the form of a “pre-incorporation expense” of the LLP e.g, LLP registration expenses. You can also show that this capital amount has been utilized to purchase assets such as computers, tables etc.

Yes, but only after an NRI/a Foreign National, has been assigned with the “DIN/DPIN”. However, at least one designated partner in an LLP must be an Indian Citizen. In fact, the foreign director can also be a majority shareholder in the company.

Yes, you can register your LLP at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office. You just have to provide your home address proof such as rent agreement or electricity bill.

Yes, as a salaried person you can become a partner in an LLP. But you need to make sure that whether your employment agreement allows for such provisions. In most, cases employers are comfortable with the fact, that their employee is a director in another company.

No, you cannot convert your LLP into a Private Limited Company. Both the “LLP Act, 2008 and the Companies Act, 2013” do not have any provisions which allow the conversion of an LLP in to a “Private limited company”. However, if you want to expand your business, then you can register a new “Private Limited Company” with the same name as that of the LLP. The LLP Company just needs to issue a no objection certificate.

Maheswari Consultancy provides LLP incorporation services across all Indian cities. We have done LLP registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and in various other Indian cities.
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