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The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
• A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh.
• A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore.
• A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
MSME Registration required very less documents from the business prospective.
Its requried the following documents –
a)Aadhar Card Copy - Aadhar is the mandatory now for the MSME Registration Online. withoutaadhar card you can'nt register for the MSME Registration. In the case of the private limited company registrationor partnership etc Partners aadhar card is worked because there is no aadhar card on company name.
b) Mobile Number linking with the aadhar card - MSME Registration is online so you have to required to link your mobile number with the aadhar card. If number is not linked with the aadhar card then you have to required the alternative documents like pan card copy etc.
There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was know as SSI Registration.
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