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MSME registration is a mandatory process for any business to legally start and operate in India. MSME certificate has a lot of benefits in terms of credit facilities, loans, etc. Contact us to have your MSME certification completed.

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Why Should I Use Auriga Accounting For MSME/Udyam Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your MSME/Udyam Registration.

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Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your MSME/Udyam Registration

Why Should I Use Auriga Accounting For MSME/Udyam Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your MSME/Udyam Registration.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your MSME/Udyam is registered

OVERVIEW

MSME stands for Micro, Small, and Medium Enterprises. It refers to a category of businesses based on their size and investment in machinery, equipment, and infrastructure. The definition and criteria for MSMEs vary across countries, but they typically include small-scale enterprises with limited resources and a lower number of employees.

MSMEs play a crucial role in driving economic growth, generating employment opportunities, and promoting innovation. They are often considered the backbone of many economies, particularly in developing countries, as they contribute significantly to GDP and provide livelihoods to a large number of people.

ELIGIBILITY

INVESTMENT IN PLANT /MACHINERY AND TURNOVER

SI.NO	Type of Enterprises	Investment	Turnover
1.	Micro enterprises	Less than Rs.1 Crore	Less than Rs.5 Crore
2.	Small enterprises	Less than Rs.10 Crore	Less than Rs.50 crore
3.	Medium enterprises	Less than Rs.50 Crore	Less than Rs.250 crore

ADVANTAGES OF MSME

Employment Generation: MSMEs are significant contributors to job creation. They often have a labor-intensive nature and are capable of generating employment opportunities, particularly in sectors with limited barriers to entry. This helps reduce unemployment rates and provides income opportunities for a large number of people.

Local and Regional Development: MSMEs are typically rooted in local communities and regions. Their presence promotes economic activity at the local level, stimulates local supply chains, and supports other businesses in the vicinity. This leads to overall development, increased income levels, and improved living standards in the area.

Flexibility and Adaptability: MSMEs are generally more agile and adaptable compared to larger enterprises. They can respond quickly to market changes, customer demands, and emerging trends. This flexibility allows them to innovate, experiment with new ideas, and seize business opportunities more readily.

Entrepreneurship and Innovation: MSMEs often serve as breeding grounds for entrepreneurship and innovation. They encourage individuals to start their own businesses, pursue their ideas, and take risks. MSMEs play a crucial role in fostering a culture of innovation and technological advancement, driving overall economic growth.

Diversification and Competition: MSMEs contribute to market diversification by offering a wide range of products and services. Their presence promotes healthy competition, which can benefit consumers through improved quality, choice, and affordability. MSMEs also provide alternatives to dominant market players, ensuring a more balanced and competitive business environment.

Regional and Rural Development: MSMEs have a particularly significant impact on rural and underdeveloped areas. They provide employment opportunities, enhance local income levels, reduce migration to urban areas, and contribute to the overall development of rural communities. This helps in achieving a more balanced regional development and reduces regional disparities.

Resilience and Economic Stability: MSMEs, due to their smaller size and diversified customer base, are often more resilient during economic downturns. They can withstand market fluctuations and economic shocks better than larger enterprises. A robust MSME sector contributes to economic stability and can help mitigate the impact of economic crises.

Documents Required

As per proprietorship

Aadhar card of proprietor
Pan card of proprietor
Cancel cheque/ bank details
Electricity bill

As per LLP (Limited liability Partnership)

Company pan card
Aadhar card of partner
Pan card of partner
Electricity bill
Bank Details

As per Private Limited Company

Certificate of Incorporation
Aadhar card of Director
Pan card of Director
Electricity bill
Bank Details

As per Partnership Firm

Firm Pan card
Aadhar card of partner
Pan card of partner
Bank Details
Electricity bill

PROCESS

The process of registering for an MSME certificate (also known as Udyog Aadhaar or Udyam registration in India) typically involves the following steps:

Eligibility Check: Ensure that your business meets the eligibility criteria for MSME registration. The specific criteria may vary by country but generally include factors such as investment in plant and machinery/equipment or annual revenue.

Online Application: Visit the official MSME registration portal designated by the government. In India, the official portal is https://udyamregistration.gov.in/. Fill out the online application form with the required details, which may include your business name, type, address, ownership details, PAN (Permanent Account Number), Aadhaar number, bank account details, and other relevant information.

Document Upload: Attach the necessary documents as per the registration requirements. These documents may include identity proof, address proof, bank account details, and any other supporting documents specified by the registration authority.

Self-Declaration: Declare the information provided in the application as accurate and complete. Agree to comply with the rules and regulations governing MSMEs.

Verification and Submission: Review the application form and attached documents for accuracy. Once you are satisfied with the information provided, submit the application online.

Acknowledgement: After submitting the application, you should receive an acknowledgement or reference number. Keep this number for future reference and tracking of your application status.

Processing and Issuance: The concerned authority will process your application and verify the details provided. Once approved, an MSME certificate or Udyog Aadhaar certificate will be issued. The certificate typically contains a unique identification number and other relevant information about your business.

VALIDITY

The Udyam Registration (previously Udyog Aadhaar) certificate, which is the MSME registration certificate, does not have an expiration date. Once obtained, the certificate is considered valid for the lifetime of the enterprise, provided there are no changes in the business structure or other relevant details

However, it is important to note that while the certificate itself may not expire, there may be requirements for updating or revising the information associated with the MSME registration. For instance, if there are changes in the business name, address, or other key details, it is generally recommended to update the registration accordingly.

WHY AURIGA?

Our company Auriga accounting private limited is CA firm and expert in MSME registration and experienced in all CA services we have best team in all over India and charge negotiable price. If you have any work and need any advice to absolutely call Auriga accounting private limited, they absolutely help you.

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