MSME/SSI Registration
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Private-to-Public Conversion Procedure
Complete our MSME Form/SSI Form
You just need to fill our simple msme registration form which would ask about your basic information. In the case of SSI registration, and SSI SSI registration form will be filled. This would be required while filing your application with the department.
Preparation of Documents
According to the details provided to us, we will draft your documentation accordingly.
Filling MSME/SSI Application
Going further, we will file your application along with the required documents to the MSME registrar. Before submission, our expert will verify your documents properly.
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.
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 the rate of interest charged would be very less, tax subsidies, capital investment subsidies, and much other support from the government sector.
Majestic Group can help your business obtain MSME Registration online to avail of a host of benefits. MSME online registration or SSI online registration can be done through Majestic Group in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities.
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 paperless work.
The benefits of MSME registration include priority sector lending, power tariff subsidies, capital investment subsidies, and excise and direct tax exemptions. The following are the conditions that need to be fulfilled to qualify under the 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.
Private-to-Public Conversion Procedure
Application Preparation
Document submission to MSME register
Obtain MSME certificate
Documents Required To Obtain Eating House License
Application form
Residence proof of the applicant
Undertaking with regard to amusement activities
Site Plan and postcard size photographs of Eating House
An affidavit on stamp paper of Rs.10/- duly attested by Notary Public
Fire NOC, if the seating capacity of the eating house is 50 or more
Undertaking regarding the installation of CCTV Cameras with 30 days recording facility
Photocopy of valid NDMC/MCD/DCB/Airport Authority of India Trade license and fee receipt
Document(s) to prove the legal occupancy of the place of Eating House and in case of tenancy, NOC from the landlord
What Are The Different Types of MSMEs?
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 microservice 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 that are open only to MSMEs to promote small business participation in India..
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