SSI/MSME REGISTRATION

eBusiness Indya is a nationally recognized law firm with international reach, based in Hyderabad, India. We provide a full range of quality legal services and invest the time to develop highly professional, long term business relationships.

eBusiness Indya is one of the largest and fastest-growing law firms in India. We deliver value to our clients by assisting them, achieve their objectives through a collaborative effort. We are innovative problem solvers, creative strategists and trusted advisors. We work for individuals, organizations, as well as for dynamic young businesses.

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SMALL SCALE INDUSTRIES (SSI) REGISTRATION

Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 10 million) should seek registration with the Director of Industries of the concerned State Government.

Registering your SSI Unit

The main purpose of Registration is to maintain statistics and maintain a roll of such units for the purposes of providing incentives and support services. States have generally adopted the uniform registration procedures as per the guidelines. However, there may be some modifications done by States. It must be noted that small industries is basically a state subject. States use the same registration scheme for implementing their own policies. It is possible that some states may have a ‘SIDO registration scheme’ and a ‘State registration scheme’.

Objectives of the Registration Scheme

They are summarised as follows:

 

  1. To enumerate and maintain a roll of small industries to which the package of incentives and support are targeted.
  2. To provide a certificate enabling the units to avail statutory benefits mainly in terms of protection.
  3. To serve the purpose of collection of statistics.
  4. To create nodal centres at the Centre, State and District levels to promote SSI.

 

Features of the Scheme

Features of the scheme are as follows:

1. DIC is the primary registering centre registration is voluntary and not compulsory.
2. Two types of registration is done in all States. First a provisional registration certificate is given. And after commencement of production, a permanent registration certificate is given.
3. PRC is normally valid for 2 years and permanent registration is given in perpetuity.

Provisional Registration Certificate (PRC)

  • This is given for the pre-operative period and enables the units to obtain the term loans and working capital from financial institutions/banks under priority sector lending.
  • Obtain facilities for accommodation, land, other approvals etc.
  • Obtain various necessary NOCs and clearances from regulatory bodies such as Pollution Control Board, Labour Regulations etc.

Permanent Registration Certificate

Enables the unit to get the following incentives/concessions:

1. Income-Tax exemption and Sales Tax exemption as per State Govt. Policy.
2. Incentives and concessions in power tariff etc.
3. Price and purchase preference for goods produced.
4. Availability of raw material depending on existing policy.
5. Permanent registration of tiny units should be renewed after 5 years.

The registration under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises.

What are Micro, Small and Medium enterprises?

What are Micro, Small and Medium enterprises?

The following slabs have been prescribed under the MSMED Act to determine the status of the Enterprise:

No. Type of Enterprise Manufacturing Enterprises
(Investment in Plant and Machinery)
Service Industry
(Investment in equipment)
1. Micro Does not exceed Rs. 25 Lakh Does not exceed Rs. 10 Lakh
2. Small Exceeds Rs. 25 Lakh but does not  exceed Rs. 5 Crore Exceeds Rs. 10 Lakh but  does not exceed Rs. 2 Crore
3. Medium Exceeds Rs. 5 Crore but does not  exceed Rs. 10 Crore Exceeds Rs. 2 Crore but does  not exceed Rs. 5 Crore

Which are the classes of enterprises that may qualify for Reistration?

All classes of enterprises, whether Proprietorship, Hindu undivided family, Association of persons, Co-operative society, Partnership firm, Company or Undertaking, by whatever name called can apply for the registration and get qualified for the benefits provided under the Act.

Whether the Registration is mandatory/compulsory?

A Medium enterprise engaged in the manufacture or production of goods has to compulsorily register under the MSMED Act. For other Enterprises the registration is discretionary or optional.

Taking into consideration the benefits available under the Act, it is recommended that every enterprise shall opt for the registration.

BENEFITS OF SSI/MSME REGISTRATION

The registration scheme has no statutory basis. Units would normally get registered to avail some benefits, incentives or support given either by the Central or State Govt. Benefits available under the MSMED Act Registration of Micro, Small and Medium (MSM) Enterprises under MSMED Act is a very powerful medium to enjoy the regime of incentives offered by the Centre generally contains the following:

Micro and Small Enterprises:

  1. Easy finance availability from Banks, without collateral requirement
  2. Protection against delay in payment from Buyers and right of interest on delayed payment
  3. Preference in procuring Government tenders,
  4. Stamp duty and Octroi benefits,
  5. Concession in electricity bills
  6. Reservation policies to manufacturing / production sector enterprises
  7. Time-bound resolution of disputes with Buyers through conciliation and arbitration
  8. Reimbursement of ISO Certification Expenses
  9. Credit prescription (Priority sector lending), differential rates of interest etc.
  10. Excise Exemption Scheme
  11. Exemption under Direct Tax Laws.
  12. Stamp duty and Octroi benefits,
  13. Statutory support such as reservation and the Interest on Delayed Payments Act.
  14. Subsidy on ISO Certifications
  15. Subsidy on NSIC Preformance and Credit ratings
  16. Participation in Govt Purchase registrations
  17. Regsiattion with NSIC
  18. Counter Guarantee from Govt of India through CGSTI
  19. Waiver in Earnest Money (Security Deposit ) in Govt tenders
  20. Stamp duty and Octroi benefits,
  21. 15% weightage in price Preference.
  22. Reduction in rate of Interest from banks (Subject to ratings)
  23. Free of Cost Govt tenders

(It is to be noted that the Banking Laws, Excise Law and the Direct Taxes Law have incorporated the word SSI in their exemption notifications. Though in many cases they may define it differently. However, generally the registration certificate issued by the registering authority is seen as proof of being SSI).

States/UTs have their own package of facilities and incentives for small scale. They relate to development of industrial estates, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Both the Centre and the State, whether under law or otherwise, target their incentives and support packages generally to units registered with them.

Medium Enterprises:

  1. Easy finance availability from Banks, without collateral requirement
  2. Preference in procuring Government tenders
  3. Reservation policies to manufacturing / production sector enterprises
  4. Time-bound resolution of disputes with Buyers through conciliation and arbitration

The Buyers have to ensure whether those suppliers of goods and services are under the purview of MSMED Act i.e. the Buyers have to confirm the registration of the suppliers under the MSMED Act.

The Buyer should ensure the payment before the end of credit period decided else the interest would be payable.

In case of disputes, application to Micro and Small Enterprises Facilitation Council (MSEFC) would trigger the conciliation and arbitration process. Once the application is done under MSEFC, there is no provision to withdraw the proceedings. Therefore, the Buyer should ensure the best ways to resolve the disputes, if any, instead approaching to MSEFC in the initial stages of dispute.

The Buyers need to ensure that the Buyer does not owe any outstanding amount including interest due to MSM Enterprises for more than 15 days. Otherwise, the Buyer needs to disclose this non-payment in the Annual Financials of the Buyer.

Payment of interest

The Act provides for the payment of compound interest at 3 times the Bank Rate by the Buyer in case of failure to make the payment with in maximum of 45 days from the date of receipt of goods or services.

Disclosure of delayed payment in audited accounts

Where any buyer is required to get his annual accounts audited under any law for the time being in force, such buyer shall furnish the following additional information in his annual statement of accounts, namely: -

- The principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier (micro or small enterprise) as at the end of each accounting year.

- The amount of interest paid by the buyer along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year.

- The amount of interest due and payable for the period of delay in making payment (‘payment’ here means the payment which have been made but beyond the appointed day during the year and without adding the interest thereon specified under this Act for the period of delay).

Disallowance of interest under Income Tax Act, 1961

According to the Income Tax Act, 1961 the amount of interest payable or paid by any buyer, for delayed payments to Micro and Small Enterprises shall not be allowed as deduction for the purpose of computation income under the Income Tax Act, 1961. Printing of MSMED Registration/EM Number on the letter heads

The Micro and Small Enterprises should mention/get printed on their letter heads, supply order sheets, invoices, bills and other relevant documents, the MSMED Registration/Entrepreneurs Memorandum (EM) Number allotted by a competent authority, so that there remains an identification of being a MSE supplier.

MSME REGISTRATION CERTIFICATE BY ONLINE SELF REGISTRATION

Use the online application and get lifetime valid MSME (Micro, Small, Medium Enterprise) certificate on your own.

New and Existing business on both service and manufacturing industry can use this method.

If you need MSME Expert help to get your certificate or if you are doing multiple activities in same business name, then try REGISTRATION WITH MSME EXPERT HELP option

One person can apply and get MSME certificate for more than one Business on his name as applicant.

Apply only if the applicant have Aadhaar Number
Step 1 : Fill the below form
Step 2 : Make payment Rs. 1499 /- using Credit / Debit / Net banking in secured payment gateway
Step 3 : Receive your MSME Certificate in your email

Please fillup the below form and send to eBusinessIndya@gmail.com

Payment  by DD/Cheque infavour of “eBusiness Indya” or Bank Transfer/Direct Deposit.

Direct Deposit in ICICI Bank:

Account Holder: eBusiness Indya

Account No: 024205005652

Address: ICICI Bank, Charminar Branch, Hyderabad, India.

ICICI Bank IIFSC Code: ICIC0000242

MSME REGISTRATION FORM

Enterprise Name
Manufacturing / Services
New / Existing Business
Organisation Type
Business Address
District / City
State / UT
Pin
Mobile Number
Email

(MSME Certificate will be sent to this email address)
Business Start Date

(Enter Today date For New Business (format : dd-Mon-yyyy), Example 21-Mar-2006)
Primary Activity of Business (Choose the closer option, (M) Manufacturing and (S) Services)

(Choose MSME Expert Help option, if you struggle choosing the relevant business activity or if you are doing multiple activities in same business name )
More Detail About Business

(Example: Manufacture of Carpets, Retail Sale of Motor Vehicle Parts)
Investment (Lakhs)

(Plant, Machinery, Equipment etc to start your business)
Number of Employee

(Minimum 1)
Applicant Name As Printed in Aadhaar Card

(One person name is enough for Partnership, Pvt Ltd etc.)
Applicant Aadhaar Number

(Aadhaar Number is Mandatory)
Applicant Category : SC / ST / OBC / General

(If you are not SC, ST, OBC then put General)
Bank Account Number

(If you do not have Current account then give Savings account details)
Bank Name
Bank IFSC code

Contact: +91-9391162671, 040-32962671  Email: eBusinessIndya@gmail.com

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Online shopping sites in india websites list 2012 : 2
HomeShop18 : http://www.homeshop18.com/
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online shopping sites in india list 2012 3
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Indiaplaza is now the world’s largest India-centric e-commerce company with over one million online transacting customers globally. Indiaplaza offers support to shopping gateways of Sify, Manorama etc.

Indian online shopping sites collection 4
Naaptol : http://www.naaptol.com/
Naaptol has grown to become India’s leading comparison based social shopping portal, the one-stop destination for all shoppers, merchants and market enthusiasts.

best indian sites for online shopping list 2012 5
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FutureBazaar.com is owned and operated by Future Bazaar India Ltd. (FBIL). The company was began business in 2007. Future Bazaar has its office and customer care (24 X 7) at Mumbai.

list of online shopping sites in india 2012 6
Infibeam 
htnfibeam.com offers same day delivery option, physical inspection and test drive for cars and bikes before you pay, as well as home delivery.

popular websites 2012 list for indian shopping online 7
Indiatimes : http://www.shopping.indiatimes.com/
Indiatimes shopping has the widest range of consumer electronic items at lowest prices. The portal is supported by the Times of India group.

shopping sites in india cash on delivery no 8
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online shopping websites in india list 2012 9
Rediff : http://www.shopping.rediff.com/
Rediff shopping is the online shopping division of Rediff.

top 10 websites for online shopping
yebhi.com :
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Amazon, Ebay, Jabong Flipkart-4.76, ebay- 4.88, Tradus.in- 5.32, Futurebazaar.com- 5.39, Infibeam-5.69, Homeshop18- 5.82, Yebhi-5.88 , Snapdeal-5.93, Buytheprice-5.99 ,Indiaplaza.com- 6.06 ,myntra.com, Naaptol.com, Letsbuy.com, Tolmol.com, ebay.in, homeshop18.com, yebhi.com, shopping.indiatimes.com

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Looking for Better B2B Direct Marketing Lists? eBusiness Indya Information Services Will Help You to Find Them

Has this happened to you: you’ve sent out a mailing to all of the addresses on your B2B direct marketing lists only to get a large percentage of those mailings returned to you? What about this: you place a sales call to a contact on your B2B direct marketing lists only to find out after the conversation of course that the person that you’ve just talked with doesn’t have the authority to make a purchase?

Even if you’ve never experienced those situations, if you’re involved in business to business marketing, you know that it helps to have high quality B2B direct marketing lists. You understand that being able to contact the right person at the right company will make it easier for you to seal the deal and close a sale.

And that’s why, when it comes time to build better B2B direct marketing lists, you owe it to yourself to build the right list for you. And that’s where eBusiness Indya Information Services can help.

When you search eBusiness Indya nationwide directories, you will be able to find the right companies to target. You’ll be able to search for those companies using their Standard Industry Classification (SIC) coded to find a specific type of business. You’ll be able to search for companies that are a certain size by searching for companies that have a certain number of employees. You’ll even be able to search for companies with an estimated sales volume that falls within a range that you specify.

eBusiness Indya directories whether you look at the printed version or the online version allow you to get information for the companies that you want to have on your B2B direct marketing lists. And, because you can get eBusiness Indya directories for just pennies per listing, you’ll be able to save money while you compile your B2B direct marketing lists.

But you won’t just save money on compiling your B2B direct marketing lists. You’ll also be able to save money by using the eBusiness Indya directories because you will get the information you need to make sure that you are contacting the right person at the companies you target.

While the contacts associated with listings in the eBusiness Indya directories are often the company owners, company presidents or company CEOS, in many cases you are able to narrow your search and get the contact information that you need for the manager of a specific department. In other words, you’ll be able to contact the people at the companies you are targeting with your B2B direct marketing lists who can make the decision to purchase the product or service that you offer.

Don’t market your products and services to companies that will not have any use for them. Don’t waste your time talking with the wrong people. Don’t send a mailing to someone who won’t understand why they are receiving it.

Instead, work with a list of qualified, targeted leads when you work with your B2b direct marketing lists. When it comes time to plan your next direct marketing campaign, look to www.eBusinessIndya.com to learn more about how you can get more qualified leads on your B2B direct marketing lists.

Contact : +91-9391162671 / 040-32962671 Email: eBusinessIndya@gmail.com visit: B2B Direct Marketing lists

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