MSMED REGISTRATION (Mumbai)

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Nilesh (Querist)
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27 December 2008 What are the documents require for MSMED registration (Under Service Category)& also Provide us Correspondance Address for the same

CA Vivek Jain

CA Vivek Jain (Expert)
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27 December 2008 THE MICRO, SMALL & MEDIUM ENTERPRISES
DEVELOPMENT (MSMED) ACT, 2006
BECOMES OPERATIONAL FROM 2 OCTOBER 2006
Heralding the commencement of renewed efforts for facilitating promotion and development and
enhancing the competitiveness of micro, small and medium enterprises
NEW NOMENCLATURE AND CLASSIFICATION OF MSME
ENTERPRISES
Manufacturing Enterprises
Micro
Small
Medium
Rs 25 lakh
Rs 5 Crore
Rs 10 Crore
Rs 10 lakh
Rs 2 Crore
Rs 5 Crore
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Service Enterprises
(Ceiling on investment in
Plant & Machinery)
(Ceiling on investment in
Equipment)
Salient Features
Definitions Memorandum Statutory Frame
! Defines “Enterprise” instead ! Two-stage registration process ! Provides statutory basis (legally
of “Industry” to give due of SSI substituted with optional enforceable) to Procurement
recognition to the Service Sector. filing of memorandum with District Preference Policies of Central & State
! Pride of place to Micro Industries Centres (DICs)by all Govts. for goods & Services provided
Enterprises. micro and small enterprises by micro & small enterprises.
! Investment ceiling for ! Filing of memorandum by Medium ! Strengthens the legal provisions to
Manufacturing Small enterprises rendering services also check delayed payment to micro and
Enterprises raised to Rs 5 Crore. optional. small enterprises.
! Defines “Medium Enterprises” ! Filing of memorandum by ! Representatives of enterprises
to facilitate technology manufacturing medium Associations included in the MSE
upgradation and graduation enterprises with District Industries Facilitation Councils for adjudicating
Centres ( instead of the Central on cases of delayed payment.
Government) ! Provision for ensuring timely
and smooth flow of credit to MSMEs.
! All Schemes/Programmes of
assistance being notified under the Act.
! Provides for a statutory National
Board for Micro, Small & Medium
enterprises to advise the Central
Government on matters under the Act.