If you have a business or an enterprise, you must have heard, recommended by someone regarding the MSME/SSI registration. MSME is known as the Micro, Small, and Medium Enterprises.
There MSMEs are regulated by the MSMED Act. MSME/SSI registration process is not mandatory. However, it is always advisable to have the certificate of MSME registration for your business so that you could avail the benefits provided under the various schemes launched by the government for MSMEs.
Further, in this article, we will discuss the MSME/SSI registration process, documents required for the MSME registration etc.
Process of online SSI registration
There are certain steps that need to be followed for the SSI registration, however, it can be canceled at any time when your business turnover crosses the limit prescribed by the government.
Let’s take a look at the steps to follow for the MSME registration-
- In accordance with the rules and regulations under the MSMED Act, you need to fill an online application with the respective department.
- Applicants have to provide the details of the business they want to operate and submit all the necessary documents.
- Applicant’s Aadhar number
- Few basic details of an applicant such as name, gender, PAN number, email ID and mobile number
- Few basic details regarding the enterprise, such as PAN, the location of setting up a plant, the address of the business place, date of starting the business, number of employees involved in the business.
- Bank Account Number and IFSC code
- The Basic activity of the business/enterprise
- NIC 2 digit code
- Details of the investment made in the plant & machinery/ Equipment
It takes around 2-3 working days for the complete documentation of MSME registration.
Let’s take a look at the documents for the MSME registration.
List of Documents required for the MSME/SSI Registration
If you are looking to register your own MSME in India, then you must keep in mind to collect all these documents at the time filing the application of MSME registration-
- PAN card of the proprietor/ all the partners/ all the directors
- Aadhar card of the proprietor/ all the partners/ all the directors
- You need to submit the ownership proof of the business premises such as allotment letter/ possession letter/ lease agreement/ property tax receipt.
- In the case of the rented premise, you have to submit the rent agreement and no objection certificate (NOC) from the landlord and attach the utility bills to it.
- Copy of sale bill of each end product
- Copy of purchase bill of each raw material purchased
- Copy of partnership deed, if you have a partnership firm
- You have to draft a Memorandum of Association, certificate of Incorporation, board’s resolution (In case of a private limited company)
- Copy of Industrial License, obtained under the Industrial Development and Regulation Act, 1951
- You need to submit an affidavit on Rs. 10 non-judicial stamp paper that has to be duly attested by the Notary Public affixed. It must mention the status of the machinery installed, power requirement etc.
- Purchase bill of the machinery installed
- Bills of all the plants and machinery purchased and their installation
- Bank Account Statement
This is the MSME registration procedure in India and list of documents required for the registration of MSMEs.
For any query do contact Enterslice.
Source url - https://www.youpals.com/blogs/3450/19929/what-is-ssi-registration-process
