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IF WE HAVE DIFFERENT FORM OF BUSINESS THEN WHY COMPANY?

As we know to run a business we have so many options like Sole Proprietor, Partnership firm, or Company, then the question arises why we need company form of business.


SSI/ MSME REGISTRATION:

Generally there are two type of small enterprises based on investment in plant and machinery and value of equipment’s, these are SSI/MSME enterprises.

MSME enterprises/ SSI enterprises for manufacturing sector: To qualify you as a MSME/SSI, one needs to invest less than 10 cr in plant and machinery

MSME enterprises/ SSI enterprises for Service sector: To qualify you as a MSME/SSI, one needs to invest less than 10 cr in equipment.

If the investment in plant and machinery and equipment exceeds 10cr/ 5cr then it’s automatically become large scale enterprises.


All we need :


WE NEED ADHAAR CARD OF PROPREITOR/ PARTNER/ DITRECTOR OF ENTITY AND PROOF OF ENTITY.

YOUR MOBILE NO IS REIGSTERED IN YOUR ADHAR CARD.

ONE BANK ACCOUNT NO OF ENTITY ALONG WITH IFSC NO.


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The government of India announces various benefit programmes for MSME/ SSI sector like lending to a priority sector, easy loan facility, tax exemptions etc., these are to given to those organization which are registered under MSME/ SSI departments. It is a voluntary types of registration.



FAQ ON SSI/ MSME REGISTRATION

1. WHAT is msme/ SSI registration?


For getting MSME/ SSI registration and availing the facilities like lending to a priority sector, easy loan facility, tax exemptions etc., these are to given to those organization which are registered under MSME/ SSI departments. It is voluntary types of registration.


2. msme/ SSI registration is voluntary or mandatory registration?


MSME/ SSI registration is a kind of voluntary registration, there is no mandatory compliance under any law for taking MSME/ SSI registration, however for availing benefits under various scheme one can get themselves voluntary registered MSME/ SSI registration.


3. WHAT is em part-1 / em part-2?


EM PART-1required by those entities who is proposed to commences its business and EM PART-2 by those who are already in existence.


4. What are the documents required for MSME/ SSI registration?


We need one aadhar card of proprietor/ partner/ director of an entity, along with one bank account and ifsc code of bank account number.


5. advantages of SSI/ msme registration?


For getting MSME/ SSI registration and availing the facilities like lending to a priority sector, easy loan facility, tax exemptions etc., these are to given to those organization which are registered under MSME/ SSI departments. It is voluntary types of registration


6. Is there any record maintained requirement?


No, there is no record maintained requirement for MSME/ SSI registration.


7. CLASSIFIACTION OF INDRUSTRIES?


Generally enterprises are classified under three categories:


Micro Enterprises
Micro enterprises are the smallest entities, of course. Micro manufacturing enterprises have investment of less than Rs. 25 lakh in plant and machinery, while micro service enterprises have less than Rs. 10 lakh invested.

Small Enterprises
Small manufacturing enterprises may have between Rs. 25 lakh and Rs. 5 crore invested in plant and machinery, while small service enterprises may have between Rs. 10 lakh and Rs. 2 crore invested.

Medium Enterprises
Medium manufacturing enterprises may have between Rs. 5 crore and Rs. 10 crore invested in plant and machinery, while small service enterprises may have between Rs. 2 crore and Rs. 5 crore invested.


8. HOW MANY DAYS ARE REQUIRED TO REGISTERED UNDER for MSME/ SSI registration?


It will take round 2 Working days from the date of submission of documents for registration under for MSME/ SSI registration.