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MSME Registration

Ministry of Micro, Small & Medium Enterprises (MSME) can obtain MSME registration in India. Such MSME enterprises are Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership (LLP), Pvt Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies or any other undertaking. MSME registration is free of cost under the ministry of Micro, Small and Medium Enterprises. MSME registration helps in providing benefits such as free loans for banks, subsidy from industrial promotion, subsidy provided on patent registration and reimbursement on payment of ISO certification. In order to apply for MSME registration, Applicant Aadhaar no., Applicant personal details, organizational details with KYC document and bank details associated with the company. In order to promote and support the micro small and medium companies, Government of India with the help of numerous subsidies, schemes and incentives promote MSMEs as mentioned in the MSMED Act. The registration is provided for infinite time until the MSME is operational in India. The ministry looks over the issues which faced by the MSME such as inadequate and untimely credit facility, no cost-effective credit, nonexistence of modern technology, absence of research and innovations, insufficient development of training skill, complicated labour laws.

Benefits

  • MSME Registration provides entities to get easy bank loans sanctioned at lower rate of interest.
  • MSME entitled to get 50% subsidy for availing patent registration after the approval of ministry.
  • Support from the government to the people especially youths to start their own venture so that they survive in the market.
  • MSME avail 1% benefit in overdraft interest rate as per the scheme which differs from bank to bank.

Documents Required for MSME Registration;

Owner's Documents

  • 1. Photo
  • 2. PAN
  • 3. Aadhar Card
  • 4. Mobile No & Email Id

Other Information

  • 1. Proposed Business Name.
  • 2. Bank Account No & IFSC code
  • 3. Business Address Proof
  • 4. Amount invested in Plant & Machinery
  • 5. Number of Employees
  • 6. List of top 5 Business Product/Services.

FAQ

1What is LPP?

The LPP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008.

2 What are the minimum required partners to start LPP?

Minimun 2 Partners are required to start a LPP. There are no limit on the mximum number of in a LPP.

3How much investment is required to start a LPP?

Unilike a private ltd company no minimum capital required to start a LPP.

4 What is the legal proof of LPP Firm?

A legal proof of LPP is certificate incorporation as well as LPP agreement.

5 What is LPP agreement.?

LPP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted.

6Can I name my LLP whatever I want?

Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC is allot your desired business name if it is unique and not resemblinding with any existing company/LPP.

7 Is DSC required for LPP firm?

Yes, DSC of an authorised director is required while in corporating an LPP.

8 Do you provide this service in my town?

Yes, Charted Help is an online platform serving all over india no matter wherever you are doing your business all you need is internet connection on your mobile or desktop and we are ready to get your done.

9 Do i need to physically present to for the process?

No, You don't need to be a physically present for the process.E-startupindia is an online catering platform all you need is internet connection in your phone/desktop and required document with and we can get the job done no matters even you are present at remotest location of the india.