MSME Registration

Why not establish your own small business if you’re tired of working for others? Get your business registered right away with a professional touch.

Our MSME Registration packages start from ₹499/- all-inclusive

What is MSME?

Government announced an INR 20 lac crore package!! What is in it for me?
Need guidance on registration as a MSME?
Have liquidity or cash flow issues in your business due to the pandemic?
Confused about benefits available to you from the Government?
Don’t know how to avail a benefit? Are these the questions on your mind?
Don’t worry! We are here to help! We have listed the various benefits available to MSMEs like you and the related assistance we can provide!

Overview

MSME stands for Medium, Small and Micro Enterprises which is governed by the MSME Act. MSMEs are considered as the backbone of our economy because when this sector grows, the whole economy of the country grows and flourishes. The government, therefore, has taken various steps to resolve the financing and cash flow situation faced by the MSME sector. MSME sector has created approximately 11 crore jobs across the country and contributes 29% to the Indian GDP which is even expected to grow more in the future given the government’s “Make in India” initiative.

The MSME sector was established to promote, develop and facilitate the competitiveness of smaller businesses in the economy. A business, whether in the manufacturing line or the service line, can register under the MSME act. It is not mandatory to take registration under MSME but it is advantageous for a business to get itself registered under MSME, because it provides various benefits in terms of setting up of business, credit facilities, loans, taxation etc.

Who can register under MSME?

Any manufacturing enterprise or service rendering enterprises can register themselves as a micro, small and medium enterprise if they satisfy the composite threshold limit mentioned below :-

Classification	Micro	Small	Medium
Investment* and Turnover	less than 1 crore and less than 5 crore	less than 10 crore and less than 50 crore	less than 50 crore and less than 250 crore

*Investment – The original value (Purchase Price) of Plant and Machinery or Equipment is to be considered while calculating the amount of Investment.

Advantages of MSME

Under the MSME Credit Scheme, MSMEs registered under GST can get 2% interest subvention from the Government for incremental loans upto Rs. 1 crore (Budget 2019)
More than 2900 specialized MSME branches of PSU banks to provide credit to MSME sectors
A fund of funds with a corpus of INR 10,000 crore is to be set aside for equity investment into MSME
Collateral free loans of INR 3 trillion
Working capital in the form of subordinated debts which shall be treated as quasi equity and fully guaranteed by Credit Guarantee Scheme Trust for Medium and Small Entrepreneurs
Only Indian companies (including MSMEs) to participate in Government tenders up to INR 200 crores thereby disallowing global tenders in this regard
MSME receivables to be settled by Government agencies within 45 days to enable better liquidity and working capital management
Relief under the Insolvency and Bankruptcy Code such as :-
» Minimum threshold to initiate insolvency proceedings raised to INR 1 crore
» Suspension of fresh initiation of insolvency proceedings up to 1 year
» Exclusion of COVID-19 related debt from the definition of ‘default’ for triggering insolvency proceedings
Statutory PF contribution reduced to 10% from existing 12% and the extension of Government Sponsorship of EPF extended under Pradhan Mantri Garib Kalyan Yojana (PMGKY) to applicable entities
Online market linkages to compensate for cancelled trade fairs
Various tax rebates and MAT credit allowed to be carried forward for 15 years (Instead of 10 Years)
Various Government schemes and subsidies to boost the MSME Sector such as Zero defect Zero effect, Incubation, Credit linked capital subsidy scheme, women entrepreneurship and more, to modernize the sector, improve product quality and make it more competitive among its global peers
50% subsidy on patent registration

Services offered by ICI

Determining eligibility and obtaining registration as a MSME
Debt Financing
» Calculation of loan eligibility
» Syndication of loan from existing lenders
» Restructuring of outstanding loans with existing lenders
» Refinancing of outstanding loans with another lender
Invoice Financing through TReDS
» Registration under TreDS
» Assistance in availing TReDS on an invoice basis
Equity Financing
» Determining viability and growth potential of company
» Collateral preparation for showcase
» Assistance in due diligence, negotiation and documentation
Certification and preparing cash flow forecast for government tenders
Assistance in registration under e-markets
Analysis of government agency dues and assistance in follow up for recovery
Mapping the benefits available to your company and assistance in availing the said benefits under various sectoral reliefs provided by the government
In case of the Insolvency and Bankruptcy Code (IBC), calculation of debtor’s ageing and suggestions for alternative recovery methods for outstanding debtors
Payroll services and Provident Fund filing
Assistance in determining the amount of TDS and TDS return filing
Income tax return filing, GST return filing, assistance in recovery of refunds and assistance in assessment and notices received from the Income Tax or GST department
Corporate secretarial services for Companies Act compliance

Documents Required

Please provide us the following information and we can get back to you with a range of benefits available:
Brief profile of your company and business
Financial statements of FY 18-19 and FY 17-18
Provisional/Audited financial statements for FY 19-20
Income tax returns for FY 18-19 and FY 17-18

Process Flow

Click here to raise a service request
Once we receive your service request, our MSME team will connect with you with a simple checklist and a list of documents. (As mentioned Above)
Our MSME team will review & verify the documents provided by you and list down the benefits that your business is eligible for and the services that we can offer.
Based on this preliminary discussion & verification, we can help you leverage your business by providing top notch services as per your business needs.

FAQs

a. Who can apply for MSME registration?

Both existing as well as new businesses who satisfy the above threshold condition can apply for MSME registration.

b. What is the validity of the Registration?

As long as the business is ethical, functioning and financially healthy, there is no expiry date for the registration.

c. I am a trader of iron and steel. Can I register under MSME?

No, a trader is not covered in the definition of MSME because trading companies act as middlemen between manufacturer and customer, and there is hardly any innovation and capital investment.

d. I have multiple branches/ manufacturing units across India. Do I need to get separate MSME registration for each location?

No, a single MSME registration is valid for all branches/ units of the same business. However, one must furnish the details of multiple branches/ units.

e. What are the businesses which have been specifically excluded from the coverage of MSME?

» Forest and Logging

» Fishing and Aquaculture

» Wholesale, Retail Trade, and repair of motor vehicle and motorcycles

» Wholesale Trade except for motor vehicles and motorcycles

» Retail Trade except for motor vehicles and motorcycles

» Activities of households as employees for domestic personnel

» Undifferentiated goods and services-producing activities of private households for their own

» Activities of extraterritorial organizations and bodies

f. What is TReDS?

TReDS stands for Trade Receivables electronic Discount System. It is an online mechanism through which trade receivables of MSMEs can be financed by various financiers and also enables discounting of Invoices raised against large corporates, thereby reducing the pressure on working capital needs.

g. What are E-Markets?

E-Markets are virtual trade fairs and exhibitions to revive businesses, promote exports and recognition.
For any query Write to us at info@indiacompanyincorporation.com or call us @+91 9643 203 209.

h. Still Confused?

Speak to our experts who shall solve all your doubts.
Call us at +91 7738 066 334 or Mail us at info@indiacompanyincorporation.com

What Our Clients Say About Us!

Startups aren’t easy. Definitely not during times of Corona. India Company Incorporation was able to guide us with an immense amount of clarity. The team is experienced, always available and the work was handled with the utmost professionalism.

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It was the best decision to choose India Company Incorporation for my company incorporation. Forming a company was such a seamless process. The team was really supportive, patient and available 24x7. I would definitely recommend this company.

It was a pleasure working with India Company Incorporation and their well-trained executives. They answered our queries while guiding us through the entire process at a really reasonable cost. We were happy to have a hassle-free experience.

India Company Incorporation team has given excellent service to our company. They solve all our doubts and suggest appropriate solutions in the best possible way. Thank you so much for your support. All the best for future endeavors.

We were looking for a low-cost service provider, and India Company Incorporation exceeded our expectations. They took care of our registration and took the time to get to know who we are as a firm. We are quite pleased with the service and would enthusiastically recommend India Company Incorporation to anyone.

I am extremely delighted with the experience and would suggest India Company Incorporation to everybody. They took care of my registration procedure and spent time getting to know my business helping us in every regard. I look forward to working with India Company Incorporation again.