MSME/SSI Registration

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Overview of MSME/SSI Registration

The Ministry of Micro, Small and Medium Enterprises, broadly known as MSME, is the premier Government body that deals with the formulations and management of rules, guidelines, and laws pertaining to small scale industries in India. The MSME came to effect on October 02, 2006. It aims to incentivize, facilitate, and boost the competitiveness of MSMEs working pan India.

MSME, i.e. Micro, Small and Medium Enterprises, is considered as the backbone of the Indian Economy. The MSME sector encompasses a massive number of small scale industries under its belt, making it one of the prominent GDP contributors of India. MSME is a government-backed initiative that seeks to boost the growth of small scale industries operating in the organized and unorganized sectors.

What Do You Mean by MSME/SSI Classification?

Previously, the prevailing MSME Classification was based on the criteria of investment in production facility and machinery. So to access MSME benefits, the MSMEs have to confine their investment to the lower level, as shown below:

Previous MSME Classification








< Rs.25 lakh

< Rs.5 crore

< Rs.10 crore



< Rs.10 lakh

< Rs.2 crore

< Rs.5 crore

Benefits offered by MSME/SSI Registration to the Small Scale Units

  • MSME registration holders have access to cheaper loans with an interest rate as low as 1.5%. 
  • Ensures credit relating to MAT, i.e. minimum alternate tax to be carried forward for up to five years instead of 10 years. 
  • MSME registration ensures the availability of any rebates and concessions for the 
  • MSME registration holders can avail concessions on patent registration. 
  • MSME registration holders can use Udyam Registration Portal to get access to Government e-Marketplace and e-tenders.
  • One Time Settlement Fee for MSMEs confronting payment issues with vendors. 
  • The Udyam Registration shall aid the MSMEs in securing benefits of following government schemes.
  1. Public Procurement Policy 
  2. Credit Linked Capital Subsidy Scheme
  3. Credit Guarantee Scheme
  • Entities with MSME registration are eligible for priority sector lending from banks.
  • MSMEs have access to the government security deposit waiver, which is beneficial while taking part in e-tenders.
  • Ensures subsidy for Barcode registration
  • Ensures Exemption on Direct taxes through different tax saving schemes
  • Fees relaxation for ISO certification 
  • Electricity bills concession.
  • Ensure exposure to trade fairs conducted at the domestic and global level

Standard Documents Needed for MSME Registration

PAN and Aadhaar cards are the only essential documents required for MSME registration. This registration is fully web-based, and no proof of documents is needed. GST and PAN linked particulars on annual turnover and enterprises’ investment will be secured automatically by the portal from the government databases. 

How to Apply for MSME Registration on Udhyam Registration?

The Udyam Registration portal is a government-backed portal that is in sync with Income Tax and GSTIN systems. Acquiring GST registration is not a mandate for enterprises that fall outside the scope of GST law. But, the enterprises that fall under the GST regime need to secure GST registration to obtain Udyam Registration.

  • The MSME registration can be secured by applying on the Udyam portal and the portal shall charge no fees for rendering such a registration. 
  • After applying, a confirmation message shall appear on the computer screen enclosing the reference number of the said application.
  • The MSME ministry shall grant the MSME certificate or Udyam Registration certificate to the applicant’s email id after completing the verification formalities. The MSME shall grant the MSME registration after a couple of days from the date of application submission. 
  • The MSME certificate remains valid for a lifetime and seeks no renewal. 
  • The entrepreneurs can download the MSME certificate from the respective account created on the Udhyam Registration portal. 

Points to Ponder:

  • Those who possess UAM registration or any other registration accorded by any authority under the MSME must seek re-registration on the Udyam Registration Portal by selecting the option “For New Entrepreneurs who are not registered yet as MSME or those with EM-II”.
  • The enterprises with UAM registration need to opt for Udyam Registration through the migration process by 31/12/2021.
  • If the entrepreneurs fail to comply with the above condition, then the UAM registration shall be flagged invalid, and they will not receive any benefits under the MSME scheme.

Post Incorporation Compliance for Private Limited Company

Once a company is incorporated in India, it should maintain a number of compliances to avoid any penalties and legal actions. After Company Registration, a Company would need to comply with the following requirements:

  • DIN KYC: Every year, DIN KYC is required who holds a Director Identification Number, which is given at the time of Company Registration Process and verifies the email address & phone number on file with the MCA.
  • Commencement of Business: The Company’s Shareholders must deposit the subscription amount cited in the MOA within 180 days of Company Registration, and the company must create a bank current account. Therefore, in order to receive a Company Registration Certificate, the Company’s Shareholders that is to be established with a paid-up capital of Rs. 1 lakh must deposit Rs. 1 lakh into the bank account of the company and file a copy of bank statement with the MCA.
  • Filing of Income Tax: Each Financial year, all businesses are required to submit an ITR using Form ITR-6. ITR filing must be completed for each financial year before the deadline. A DSC of a Director must be used to digitally sign the Company’s Income Tax Return.
  • Appointment of the Auditor: Within 30 day of Company Incorporation, every in Company in India must appoint a precising, registered & certified CA.
  • Annual Filings: Every Financial Year, the Ministry of Corporate Affairs must get a copy of the Financial Statements from each Company that is incorporated in India. A Company that registered between Jan & Mar may elect to include the 1sdt MCA Annual Return in the Annual Filing for the following Financial Year. Form AOC-4 and Form MGT-7 are the components of the MCA annually return. The Directors and a working professionals must digitally sign both of these documents.

Note: For more information regarding MCA Compliances to be followed by the Company, read on MCA Compliance.

Why Connect with Dreamunicus Support for registration and licensing services?

Dreamunicus is one of the most trustable platforms for government registration and licensing services. We ensure that our clients get top of the line services regardless of the quantum of compliances and rules set out under different Acts. 

Top reasons for choosing Dreamunicus services

  • Presence of highly experienced professional and field experts 
  • Ability to simplify complicated pre-registration requirement for the sake of client’s understanding
  • Proven track record of rendering flawless services to different clients 
  • Ensure on-time delivery of government license and registration

Frequently Asked Questions (Faq)

Yes, Udyam Registration has been introduced by GOI as a replacement of the erstwhile registration system, i.e. MSME registration. Applicants seeking Udyam Registration can file an e-form on the concerned web portal.

Yes, the Aadhar card is one of the fundamental documents for availing of Udyam Registration in India.

Yes, MSME registration is available to existing and new businesses. However, to become eligible for registration, they need to meet the threshold limits for registration. UAM registration

Yes, an existing and new business can apply for MSME/Udyam Registration, provided the existing unit is functioning and meets the threshold limits for registration. UAM Registration has to be re-registered for Udyam registration to avail of the benefits of MSME.

Udyam Registration Certificate remains valid for a lifetime; hence, there is no requirement of renewing the same.

No. MSME only encompasses manufacturing and service enterprises. Trading firms do not have permission to access the MSME scheme. MSME is all about boosting start-ups with subsidies and benefits; such companies serve as a mediator between manufacturer and customer. Thus, they fall outside the scope of MSME registration.

No. The MSME certificate is granted for a single entity regardless of allied branches or plants. But, information pertaining to multiple plants or branches must be furnished.

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Behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarks grove right at the coast

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Behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarks grove right at the coast

Shams W.Pawel Founder & CEO of XpeedStudio

Behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarks grove right at the coast

Shams W.Pawel Founder & CEO of XpeedStudio

Behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarks grove right at the coast

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