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Why choose Lenstax for MSME REGISTRATION ?

  • Free Tax Consultant
  • GST Number
  • Return Filing with Nominal fees
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  • Experienced Resources
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What is the MSMED ACT, 2006?

The definition of the Micro, Small & Medium Enterprises or MSME as per the provisions of the Micro, Small & Medium Enterprises Development or MSMED Act, 2006 the Micro, Small and Medium Enterprises (MSME) may be classified into two divisions:.

  • Manufacturing Enterprises.

  • Service Enterprises.

What is MSME?

MSME Definition of the mentioned types of enterprises are written below-

  • Manufacturing Enterprises:-The enterprises that are engaged in the field of manufacturing or producing goods employing the plant and machinery in the process of value addition to the final product which has a distinct name or character or use.

  • Service Enterprises: - The enterprises which are engaged in providing or rendering of services.

MSME classification:

  1. Micro: Investment < Rs 1 Cr Turnover < Rs 5 Cr

  2. Small: Investment < Rs 10 Cr Turnover < Rs 50 Cr

  3. Medium: Investment < Rs 20 Cr Turnover < Rs 100 Cr

Documents needed for the Micro, Small, and Medium Enterprises or MSME registration

  • Aadhaar No. of the Proprietor or Director or Promoter or Partner or Authorised person

  • PAN of the Proprietor or Partnership or LLP or OPC or Private Limited or Public Limited etc.

  • Address Proof of the Business place

  • The Partnership Deed or LLP Agreement or MOA & AOA as per the case

  • Bank Account Proof (Bank Statement or Cancel Cheque)

  • Copy of the Industrial licenses, if it is applicable on the Bills of Machinery Purchased

  • Note: For MSME Registration, Aadhaar Card should be linked with a mobile number mandatorily

Activities which are not covered under the MSMED Act, 2006 for the registration of UAM The following are the activities not covered under the MSMED Act, 2006 required for the registration of UAM-

  • Forestry and Logging activities

  • Fishing and aquaculture activities

  • Wholesale trade activities except for the motor vehicles and motorcycles

  • Retail trade activities except for motor vehicles and motorcycles

  • Activities of the household as employees for the domestic personnel

  • The Goods and Service Producing activities of the private household for own uses.

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