A Tech Legal start-up by the name of Company Vakil comes as a friend and guide for all micro, small and medium enterprises. The organization helps clients with registrations for not just MSME Online but also other Online Legal services such as copyright registration, company registration, GST registration, etc. The company has trained employees who are experts in law, chartered accountancy and company secretary.
Markets around the world have seen a shift in the last few decades. Just as the internet and globalization have taken the world by a storm, start-ups and small enterprises have shocked the world by their appeal to both consumers and employees. In India specifically, small companies have changed the markets significantly. Where earlier big names held the highest stakes and had tantamount returns, now start-ups have taken over several sectors. Depending on the type of Small Scale industry that a business forms a part of, the choice of business activities, etc. an entity may fall within the category of an MSME, also known as SSI (Small Scale Industries).
Micro, Small and Medium Enterprise (MSME) is the more commonly used term as far as such companies are concerned. All entities falling within these three classes are known as SME ‘s. The government has come to realize the various advantages that SSI (Small Scale Industries) have to offer to an economy. The logic is very simple. For a small company to be successful in a market full of bigger corporations, it would need to have something unique. Therefore, many a time, some of the most innovative inventions and technologies come from small companies (i.e. SSI), trying to make a place for themselves in the market. It has been noticed over the last few years that MSME Registrations in India have been a driver of economic development, especially in the Indian economy. Many are even shocked to know that SSI actually form a majority in the Indian industrial and business sector. This is why the government launches several schemes and programs to promote them. MSME Registration in India via applying for Udyog Aadhaar Certificate is usually bifurcated as follows:
- Micro Enterprises: These are in two categories. The first are enterprises which work on manufacturing and production of goods in cases where the investment in the machinery and the plant is lower than Rs. 25,00,000. The second category is of enterprises that are engaged in the process of supplying services and where the investment is lower than Rs. 10,00,000.
- Small Enterprises: Here, too, there are two categories. The first included all enterprises that are involved in the production and manufacturing of goods with an investment of more than Rs. 25,00,000 but lesser than Rs. 5,00,00,000. The second category includes enterprises that engage in the supply of services where the investment is higher than Rs. 10,00,000 but lesser than Rs. 2,00,00,000.
- Medium Enterprises: These are the largest within the category of MSME. Here, once again, are two categories. The first includes all enterprises that deal with production and manufacturing of goods where the investment is higher than Rs. 5,00,00,000 but lower than Rs. 10,00,00,000. The second category is of enterprises that are engaged in the supply of services and in this case the investment must be higher than Rs. 2,00,00,000 but lower than Rs. 5,00,00,000.
While MSME registration Online is not a mandatory provision under Indian law, it is very beneficial to have your SSI registration online since it brings with it access to all of the government schemes and programs. These schemes include benefits and subsidies. Tax liability of enterprises and businesses can be rather large. However, upon getting an Udyog Aadhaar Registration Certificate Online helps an SSI avail certain tax exemptions that the government provides. Since the intention of the government is to aid and uplift them, they also provide subsidies to encourage more such enterprises. Similarly, the rate of interest for loans that an SSI may wish to avail is lowered upon registration. On an average, the rate of interest is cheaper by as much as 1.5% cheaper as compared to a regular loan from a bank. Schemes launched by the Prime Minister even allow from SME’s to get loans without any collateral. A registered MSME with Udyog Aadhaar Certificate even gets priority where licenses and certification to be issued by the government are concerned. The government even provides for infrastructure facilities like industries and construction material for the buildings and factories to be made available at subsidized rates for SMEs. Registered SSI Online Certificate even provides an exemption from having to pay Registration fee and stamp duty. They are encouraged to participate in and be a part of international trade fairs, exhibitions and even conferences and seminars in their own sector. While making applications for government tenders, MSME Certificate Holders are given a higher priority and they are provided protection against delayed payments by buyers. For detailed discussion on how to Register MSME Online in India Click here
At Company Vakil, a Micro, Small or Medium Enterprise Registration is not just encouraged, but also facilitated at the lowest prices across India. Company Vakil provides free consultancy to all its customers, charges a zero professional fees and has no additional costs. The prices are transparent and remain just as is informed to clients at the very beginning. Company Vakil also provides a hundred percent online process for SSI registration in India via Applying for Udyog Addhaar Registration Certificate.
The entire Udyog Aadhaar registration Process is a little cumbersome, and that is true. To start with one must obtain a provisional registration through the appropriate authority, thereafter also obtain a permanent license. Following this, a Permanent registration certificate can be applied for. Thereafter, the MSME Registrar may grant a SSI registration certificate. In a complex economic world, where the dynamics are forever changing, it is important for the owners of the enterprise to focus on making their enterprise stellar. To help them become stellar with minimal difficulty on their part, Company Vakil offers its services at the lowest prices ever. The entire process through Company Vakil’s services takes as little as 2 days to get the MSME Certificate online. Company Vakil is also focused on customer satisfaction and therefore offers thorough redressal facilities for all its customers, even providing the option to interact with the CEO if the redressal team is unable to resolve their problems. Additionally, Company Vakil also offers a money back guarantee.
Use Company Vakil’s excellent services and their expert professionals to facilitate MSME registration in India and avail benefits all around.
Company Name: COMPANY VAKIL
Contact Person: NAVIN ARORA
Email: Send Email
Address:13/28 Ground Floor, East Patel Nagar
City: New Delhi
State: DELHI – 110008