Udyog Aadhaar MSME online registration

MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from the Central or State Government and the

MSME enterprises of the manufacturing sector can be categorized on the basis of the amount invested in plant and machinery –

• Micro enterprises– Entities investing less than Rs 25 lakhs in plant and machinery
• Small enterprises– Entities investing between Rs 25 lakhs and ₹ 5 crores in plant and machinery
• Medium enterprises– Entities investing between Rs 5 crores and ₹ 10 crores in plant and machinery

MSME enterprises in the service sector can be categorized on the basis of the amount invested in equipment-

• Micro enterprises– Entities investing less than Rs 10 lakhs
• Small enterprises– Entities investing more than Rs 10 lakhs but less than ₹ 2 crores
• Medium enterprises– Entities investing Rs 2 crores but less than ₹ 5 crores.

Registration Process

Aadhar number is now compulsory for registering under MSME act. An application is to be filed online using the Udyog Aadhar Registration, and this can be verified using e-Aadhar OTP.

Provisional registration is given in the initial five years if an entity hasn’t started its business yet. During this period, it can obtain loans from banks, and apply for various NOCs from regulatory bodies. Once the entity commences its operations, it can apply for a permanent license which has lifetime validity, unless canceled.

Banking Sector, MSME Registration is required.

Documents Required

The entity has to submit business address proof, copies of purchase and sale bill, and licenses from regulatory bodies.

1. Business Address Proof

If the premise is self-owned– Allotment letter, possession letter, lease deed or property tax receipt. If there is a municipal license in the business name or in the name of the proprietor, partner or director of the business, no other possession document is required to be submitted.

If the premise is rented– Rent receipt and a no objection certificate from the landlord is required. Also, any utility bill or document evidencing the landlord’s ownership is to be submitted.

2. Copies of Sale Bill and Purchase Bill

Business is required to submit a copy of sale bill related to each end product that it will supply. Also, for each raw material that it will purchase, a purchase bill has to be submitted.

3. Partnership Deed/ MoA and AoA

If the business is a partnership firm, it has to submit its partnership deed. If the partnership firm is registered, it has to submit the registration certificate also.

In case of a company, a copy of Memorandum of Association and Articles of Association, and certificate of incorporation has to be submitted. With it, a copy of the resolution passed in general meeting, and a copy of board resolution authorizing a director to sign the MSME application is also to be submitted.    

4. Copy of Licenses and Bills of Machinery Purchased

In a few cases, the applicant has to submit a copy of the industrial license which is to be obtained by giving an application to Govt. of India. Further, all bills and receipts related to purchase and installation of plant and machinery have to be kept safe and required to be submitted on demand.

Post navig

Do I need to apply for an FSSAI Licenses

As for the Food Security Act, 2006 passed by Parliament its mandatory for all the products that are edible must be registered and obtain a license under the FSSAI even though it’s of small or medium scale. Even the street vendors and small eatery shops on roads comes under the licensing procedure of FSSAI, by this example, you can judge what is appropriate in your case.

Do I need to apply for an FSSAI Registration?

• It governs people involved in any food business,. whether manufacturing or selling and food business operators.
• Shop
• Stall
• Hotels
• Restaurants
• Airline Service
• Food Canteens
• Place where Food items sole, manufactures or Stored.
• FSSAI Regulations have clarified that E-Commerce Companies also be required to obtain licenses/registration and to comply with regulations.

“These e-commerce players are also selling food products or dealing with the food business in one form or another on their platforms. And food and food businesses come under the ambit of FSSAI, so they have to register with us,” says Ashish Bahuguna, Chairman of FSSAI.

How to Apply for the FSSAI License?

FSSAI Basic registration

– This is required for small business or startups which have annual turnover below Rs.12 lakhs. Basic registration can be upgraded to state license as your sales graph increases.

FSSAI State license

– This license is applicable to mid-sized companies which have annual turnover between Rs.12-20 crores.

FSSAI Central license

– This license is applicable typically on large business with annual turnover above Rs.20 crores. It is also required in cases where you need to supply at the government offices or import / export food products.

You can apply for FOOD License by going to any of the following links:

1. Food License
2. FSSAI Registration

FSSAI Operator will also be required to comply with requirements relating to:

Packing and labeling of foods items along with ingredients, expiry date and FSSAI Licenses number.

Standards of quality prescribed for various food items.

Use , quality, and quantity of various ingredients

Maintenance of records, filing of returns, and intimations with the authority for any changes in particulars of registration/license

To provide assurance of food safety, Food businesses must implement an effective Food Safety Management System (FSMS) based on Hazard Analysis and Critical Control Point (HACCP) and suitable pre- requisite programmes by actively controlling hazards throughout the food chain starting from food production till final consumption.

As per the condition of license under FSS (Licensing & Registration of Food Businesses) Regulations 2011, every food business operator (FBO) applying for licensing must have a documented FSMS plan and comply with schedule 4 of these regulations. Schedule 4 introduces the concept of FSMS based on implementation of Good Manufacturing Practices (GMP) and Good Hygiene Practices (GHP) by food businesses and is divided into five parts as under:.

Documents required to obtain FSSAI Registration 

Passport Size Photo of Applicant

Pan Card of Applicant

Incorporation Certificate

Company MOA

Form A (Download Copy)

Documents required to obtain FSSAI License

• Copy of Aadhaar Card/ Voter identity card of Proprietor/Partners/Director
• Property papers  (If owned property)
• Rent agreement (If rented property)
• Partnership Deed (In case of Partnership)

Along with

• Declaration form.
• Authority letter with name and address of responsible person
• Electricity / Water /Telephone / Mobile bill of business place
• Form IX: Nomination of Persons by a Company along with the Board Resolution
• Food Safety Management System plan or certificate
• MOA/AOA (In case of company)

Deduction under Income Tax various section

Section 80C Deduction

As per Income Tax Act, Section 80C deduction is an available underpayment of LIC Premium, Tuition Fee, deposit under Sukanya Samriddhi Yojna, NSC, ELS, Kisan Vikas Patra, EPF and Pension funds.

Taxpayers can claim a maximum deduction of up to Rs.1.5 lakhs under Section 80C, 80CC, and 80CCD.

Eligible for Deduction Section 80C (Deposit)

Fixed Deposit

As per bank term deposit scheme 2006, taxpayers eligible for deduction under section 80C the FD made for a minimum period of 5 years provided they should not commit to secure the loan.

Nation Saving Scheme 

The National Savings Certificate (NSC) is an investment scheme floated by the Government of India. It is a savings bond that allows subscribers to save income tax. There is no maximum limit on the purchase of NSCs, but investments of up to Rs 1.5 lakh in the scheme can earn a tax break under Section 80C of the Income Tax Act. 

Sukanya Samriddhi Yojna

Sukanya Samriddhi Yojna launched by our PM under Brand Name Beti Bachao Beti Padhao Yojana Scheme. A taxpayer can get deduction under 80C who deposited under this yojna.

Eligible for Deduction Section 80C (Investment)

Investment in Infrastructure 

The investment made in form of equity or debenture issued by Public company or Financial institution which is utilized for development or maintaining of infrastructure under MOU with Central Govt or State e Govt or Local Govt body is allowed as a deduction under section 80C

Investment in Mutual Funds in Infrastructure 

The taxpayer can investment Mutual Funds for Infrastructure development exclusively working development or maintaining of infrastructure under MOU with Central Govt or State e Govt or Local Govt body are allowed as a deduction under section 80C

Equity Linked Saving Scheme, 2005

The taxpayer can avail deduction 80C under Equity Linked Saving Scheme, 2005 (Mutual Funds or UTI). Investment amount would be locked for 3 Year and the amount can be invested in units in multiples of rupees five hundred. 

Insurance Premium

The taxpayer can avail the benefits of the Insurance premium paid for self, spouse or child under Section 80C, also taxpayer can avail the deduction of benefits of Unit-linked Insurance Plan, 1971 of LIC or UTI.

Health Insurance & Medical Expenses (80D)

per section 80D taxpayer can avail the deduction up to Rs 25,000 for the medical insurance premium for self, and dependent children and spouse. In the case of a senior citizen, the limit goes up to Rs 50,000

For Self and Family:

• The maximum deduction of Rs.25,000 per year on health insurance premium for self and family.
• The maximum deduction of Rs.50,000 per year if you are a senior citizen.

For Parents:

• The maximum deduction of Rs.25,000 per year on health insurance premium paid on behalf of parents.
• The maximum deduction of Rs.50,000 per year on premium payments for senior citizen parents.

Deduction under Disability (80DD & 80U)

Section 80U deal with disabilities individual himself and section 80DD deal with disabilities of a dependent family member. 

The taxpayer can take a deduction under 80DD the maximum deduction allowed is Rs 75000 for disabled dependents. In case the disabled dependent is a person with severe disability, the maximum deduction allowed is Rs.1.25 lakhs.

Disability means a person suffering from more than 40% disability and Severe disability means a person suffering from more than 80% disability

Medical Certificate required for Claiming Section 80DD Deduction

Who can claim

In case of an individual taxpayer, the deduction under Section 80DD can be claimed for expenses relating to a disabled dependent who can be a spouse, son, daughter, parents, brother or sister.

Deduction for Educational Loan (80E)

Taxpayer is allowed deduction not only on education Loan but also on interest paid on education loan under section 80E

From where the loan should be taken: Bank/financial institution or any approved institution. Loans taken from friends or relatives don’t qualify for the deduction.

The purpose of the loan: The loan should be taken to pursue higher studies. It does not matter whether such education loan is taken for higher studies in India or outside India.

Donations Deduction under Section (80G)

Taxpayer can avail the deduction benefits on certain relief funds can be claimed under section 80G of the Income Tax Act

Cash donation over Rs 2,000 made by way of cash are not qualify deduction under section 80G w.e.f. 1st April 2017.

Taxpayer need to take a receipt from the trust or institution, donation receipt must have name, address and Pan number and 80G registration number of the institution.

In case of 100% deduction are allowed then ensure that you obtain a singed Form 58A from the institution Without Form 58A, a donation will not be eligible for 100% deduction.

Compliances For Private Limited Company

Managing the day to day operations of your business along with complying the corporate laws can be a little taxing for any entrepreneur. Hence, it is essential to take help of a professional and also understand such legal requirements to ensure timely fulfillment of compliances without any levy of interest or penalty.

We have elaborated below some of the Mandatory Compliances for Private Limited Company has to comply:

Receipt of MBP-1 

As per Section 184(1) of Company Act 2013, Every Director of the Company in First Meeting of the Board of Director in each Financial Year will disclose his interest in other entities under (Form MBP-1)

Receipt of DIR- 8 

As per Section 164(2) of Company Act, 2013 Every Director of the Company in each Financial Year will file with the Company disclosure o non-disqualification.

Receipt of MGT-7

As per Section 92 of Company Act 2013, Every Company will file its E-form: Annual Return within 60 days of holding MGT-7 Annual General Meeting. Annual Return will be for the period 1 st April to 31st March.

Receipt of AOC-4

As per Section 137 of Company Act 2013, Every Company is required to file its Balance Sheet along with the statement of Profit and Loss Account and Director Report in this form.

Following Attachment need to attach along with Form AOC-4

Balance Sheet, Statement of Profit& Loss Account (Including Consolidated Financial Statement), Directors’ Report, Auditors’ Report, Cash Flow Statement and Notice of AGM.

Preparation of Director Report

As per Section 134 of Company Act 2013, the Directors’ Report will be prepared by the mention of all the information required for Small Company.

Circulation of Financial Statement 

As per Section 136 of Company Act 2013, Company will send to the members of the Company approved Financial Statement (including consolidated Financial Statement), Cash Flow Statement, Directors’ Report and Auditors’ Report at least 21 clear days before the Annual General Meeting. (Except in case of AGM is called on Shorter Notice).

Preparation of Annual General Meeting

As per Section 136 of Company Act 2013, Every Notice of Annual General Meeting will be prepared SS-II as per Section 101 of Companies Act 2013 and Secretarial Standard – II.

Board Meetings

As Per Section 173 of Company Act 2013 & Secretarial Standard – I, Every Company shall hold a minimum number of FOUR meetings of its Board of Directors every year in such a manner that maximum gap between two meeting should not be more than 120 (One hundred twenty) days. The company should hold at least 1 (one) Board Meeting every quarter of the calendar year.

Receipt of ADT-1

As per Section 139 of Company Act 2013, Every company needs to appoint of Auditor will be appointed for the 5 (Five) year and form ADT-1 will be filed for a 5-year appointment.

After that, every year in AGM shareholder will ratify the Auditor but there is no need to file ADT-1.

Preparation of Annual Return for Private Limited

As per Section 92 of Company Act 2013, Annual Return of Private Company (Except Small Company) should be signed by Company Secretary in Practice.

Please let us know if you have any doubts or clarification on the same. We will be glad to help you with any questions with regard to your Query. You can reach me at +91- 9653363892