ABOUT MSME

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Micro Small Medium Enterprises plays a hug role in Indian economy as a part of supply chain, retailer, small scale professional, manufacturing units etc. These sectors are play a crucial role in
providing large number of employments.

Few years ago it was issued by every District Industries Centre in every district by particular state government but at present it issues as “UDHYAM REGISTRATION” by government of India through national portal.

Due to complicity in filing and application form it should be apply by professional to choose right business activity code and other things. LegalMan have a number of profession in all our major cities in India to complete the process and provide the MSME/SSI registration in time.

Who can apply ?

MSME/ SSI registration is not mandatory, but it is suggested to enjoy various benefits for micro small and medium enterprises pertaining with MSME registration.
To enjoy these benefits the maximum units gets MSME registration, the constitution of entity is doesn’t matter, it can be apply by every kind of business even if it may be Proprietorship, partnership, LLP, Company

Benefits for MSME Units

Easy to open new current bank account in the name of firm.
Easy and concessional bank loan.
Reservation in government tenders: Generally government tenders have reservation around 20% of total tender values for MSME units and prefer them to participate and allot these tenders.
Helps to get timely payment from buyers : Under companies Act and other applicable acts the buyer have to pay dues to MSME registered business on priority, otherwise they have to make provisions in his books of accounts, thus MSME registration protect to get payment at the earliest.
Waiver of EMD/ Security in tenders: In various govt. And Public Sector Units (PSU) Tenders there are heavy EMD/ Security deposit required to participate in tender but the government and PSU make relaxation for MSME units.
Benefits in various govt. Fees : Govt. Fee for ISO/ Patent / Trade Mark is minimize or waive off for MSME units.