SSI – MSME Registration
Why Choose Dastawezz ?
INTRODUCTION
Small scale industries play a vital role in the socio-economic development of India. To promote and encourage these small-scale industries, the government of the country created the MSMED Act. The Act was created to maintain a list of all the industries registered as MSME or SSI. An SSI also called Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises.
PROCESS
- Apply for Provisional Registration – Provisional Registration Certificate (PRC) is allotted to new enterprises without any field enquiry. It is purely an application-based form. Therefore, it has to applied in the precise prescribed form before operations begin in the unit.
- Starting Business – PRC is valid for 5 years and incase of failure to commence work by the company, a new PRC mist be registered.
- Applying for permanent SSI registration – If the company successfully begins operations within five years, they can apply for a permanent certification. The registration is done at the Ministry of MSMEs. The permanent SSI registration is granted only if specific conditions are met and mandatory documents are submitted.
ADVANTAGES / FEATURES
- Required to obtain benefits under MSMED Act, 2006.
- Business address proof
- Concession in the electricity bills
- Increased chances of winning government tenders
- Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
- Easy and cheaper bank loans
- Reservation benefits
- Stamp duty and registration charges are waived off
- Reimbursement under the bar code registration
- Industrial promotion subsidy
- Reduction in the rate of the interest by major banks
DOCUMENTS REQUIRED
- Business address proofj
- Copies of sale bill and purchase bill.
- Partnership Deed/ MoA and AoA.
- Copy of licenses and bills of machinery purchased.
- All statutory and administrative clearances need to be obtained.
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