Overview of MSME/SSI/Udyam Registration

Micro, Small and Medium Enterprises (MSME) or Small Scale Industries (SSI) sector is regarded as the Indian economy’s backbone. The sector flourishes the economy booms. Considering the importance of these sectors, the Government of India has initiated giving them benefits that
will help them grow further, provided they are registered under the Micro, Small & Medium Enterprises Development (MSMED) Act.

MSME registration is now known as the Udyam Registration in India; the primary goal of MSME/SSI/Udyam Registration is to enable the Small Scale Industries to address poverty and unemployment effectively and efficiently. Furthermore, to help these sectors get the benefits of numerous government schemes and protect these Small Scale Industries from big companies oppressing them financially.

Our experienced team at Taxrepair will facilitate you in getting the MSME/SSI/Udyam Registration done in a timely and efficient manner.

Documents Required for MSME/SSI//Udyam Registration

For Pvt. Ltd. /Public Ltd./OPC

• Company’s PAN Card and Aadhar Card scanned and attested copy
• Articles of Association, Memorandum of Association and Incorporation Certificate
• Scanned and self-attested copy (Not older than two months, preferably the latest one) (used for Company’s Address Proof):
• Latest water bill
• Mobile or telephone bill
• Gas or electricity bill

For LLP & Partnership Firm

• Firm’s PAN Card and Aadhar Card scanned and attested copy
• LLP Agreement or the Partnership deed
• Scanned and self-attested copy (Not older than two months, preferably the latest one) (used for Firm’s Address Proof):
• Latest water bill
• Mobile or telephone bill
• Gas or electricity bill

For Proprietorship Firm

• Proprietor’s PAN Card and Aadhar Card scanned and attested copy
• Shop Act or Ghumasta License
• Scanned and self-attested copy (Not older than two months, preferably the latest one) (used for Firm’s Address Proof):
• Latest water bill
• Mobile or telephone bill
• Gas or electricity bill

Benefits of MSME/SSI/Udyam Registration

Ease of Getting Loans

A registered MSME can easily avail loans from the bank under the credit guarantee fund scheme for micro and small enterprises. Also, the interest of these loans is quite low, and in certain instances, the loans are provided without any mortgage or collateral.

Easy to Get Licenses

Once the company is registered, the MSME will be able to avail of licenses, registrations and approvals very comfortably, without much hassle. While applying for these, all one has to do is authenticate the MSME certificate, and getting the licenses, approvals, or registration will expedite the process.

Participation in Foreign Expos

The registration will help get a special focus on the international trade fairs, foreign expos and buyer-seller meet. Often, the MSME enterprise may get financial support to participate in these forums and exhibit the products there.

Enjoy Subsidies

A registered MSME enjoys quite a few things at a subsidised rate like the NSIC performance and credit ratings, patent registration, barcode registration, electricity bill, industrial promotion subsidy (IPS) subsidy, ISO certification. In addition, they can also enjoy the benefits of tariff subsidies that they can avail themselves with the Government and capital subsidies.

Listing at the Stock Exchanges

The Government of India will assist the MSME in their expansion in both capacity and size. Thereby, they encourage these MSME’s to get themselves listed on the Stock Exchanges. In doing that, the Government will provide all the support needed by the MSME enterprise.

Timelines for MSME/SSI/Udyam Registration