MSME enterprises of the manufacturing sector can be categorized on the basis of amount invested in plant and machinery –
Micro enterprises– Entities investing less than ₹ 25 lakhs in plant and machinery
Small enterprises– Entities investing between ₹ 25 lakhs and ₹ 5 crores in plant and machinery
Medium enterprises– Entities investing between ₹ 5 crores and ₹ 10 crores in plant and machinery
Documents Required for MSME Registration in India
The entity has to submit business address proof, copies of purchase and sale bill, and licenses from regulatory bodies.
Business Address Proof
If the premise is self-owned– Allotment letter, possession letter, lease deed or property tax receipt. If there is a municipal license in the business name or in the name of the proprietor, partner or director of the business, no other possession document is required to be submitted.
If the premise is rented– Rent receipt and a no objection certificate from the landlord is required. Also, any utility bill or document evidencing the landlord’s ownership is to be submitted.
Copies of Sale Bill and Purchase Bill
Business is required to submit a copy of the sale bill related to each end product that it will supply. Also, for each raw material that it will purchase, a purchase bill has to be submitted.
Partnership Deed/ MoA and AoA
If the business is a partnership firm, it has to submit its partnership deed. If the partnership firm is registered, it has to submit the registration certificate also.
In case of a company, a copy of Memorandum of Association and Articles of Association, and certificate of incorporation has to be submitted. With it, a copy of the resolution passed in general meeting, and a copy of board resolution authorizing a director to sign the MSME application is also to be submitted.
Copy of Licenses and Bills of Machinery Purchased
In a few cases, the applicant has to submit a copy of an industrial license which is to be obtained by giving an application to Govt. of India. Further, all bills and receipts related to purchasing and installation of plant and machinery have to be kept safe and required to be submitted on demand.
MSME is beneficiary source for our nation, MSME registration is necessary for every small and medium business in India. By MSME registration you can avail various government benefits and government schemes.
MSME registration online is possible by visiting MSME registration portal in India.
Along with that, you can manage your accounts and banking related in queries with the help of EZOTO Software – By Downloading this accounting Software you would be able to manage all your business accounting transactions, cashflow management, inventory, invoices etc in minutes.