In accordance with the establishment of Micro, Small & Medium Enterprises Development (MSME / SSID) Act, 2006, the Micro, Small and Medium Enterprises (MSME / SSI) are broadly classified in 2 Classes:
1. Manufacturing Enterprises: -Enterprises involved in the manufacturing of goods related to any industry specified in the first schedule to the industries Act, 1951. The Manufacturing Enterprises are defined in terms of investment in Plant & Machinery.
|Enterprises||Investment in plant & machinery|
|Micro Enterprises||Does not exceed 25 lakh rupees|
|Small Enterprises||More than 25 lakh rupees but does not exceed 5 crore rupees|
|Medium Enterprises||More than 5 crore rupees but does not exceed 10 crore rupees|
2. Service Enterprises: -The enterprises involved in providing services and are defined in terms of investment in equipment.
|Enterprises||Investment in equipment|
|Micro Enterprises||Does not exceed 10 lakh rupees:|
|Small Enterprises||More than 10 lakh rupees but does not exceed 2 crore rupees|
|Medium Enterprises||More than 2 crore rupees but does not exceed 5 crore rupees|
MSME / SSI registration is required for micro, small and medium-sized enterprises to avail various incentives, subsidies etc. provided under the MSME / SSID Act.Any business entity falling under above criteria can apply for MSME registration.
Although getting MSME / SSI online registration is not mandatory but it’s always suggested to get registered under MSME / SSI for various benefits provided by the government.
Making it very easy to start a business in India
Enterprises that have MSME Certificate can get 50% subsidy on Govt. Fees for patent & trademark registration.
MSME / SSI registered businesses avail multiple income tax subsidies/rebates and benefits from the government.
MSME / SSI registered businesses can get easy bank loans up to 1 crore without mortgage/collateral and with lower interest rates.
Businesses registered under MSME are given top priority in terms of government licenses and certifications.
Various government tenders are reserved for MSME to promote small business participation in India.
Free Marketing assistance by Government
Free Technical & Managerial Consultancy Services from Government
Free Training and Manpower Development assistance for international Exhibitions/ Fairs by Government.
Free Training Programmers on Packaging for Exports by Government
National award for quality products to encourage small-scale industries to manufacture quality products meeting the requirements to national and international standards.
Enterprises with MSME Registration Certificate can get Concession on electricity bill by making application to electricity department.
Enterprises experiencing any dispute with regard to payments may refer the dispute to the MSME Council for conciliation & arbitration (Resolution).
At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.
At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.
At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis..
If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.
If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at email@example.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.
A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.
All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.
Download free legal guide on how to successfully start and manage business in India & achieve 100% compliance.
This blog is about registration policy for grant of registration/renewal of registration to various categories of trader of tobacco.
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