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Company registration

Mosam (a) (61 Points)

22 June 2013

Hi,

I am running a business, activity is trading of coal. I want to inquire whether the company can be registered in MSME or SSI. Company has no manufacturing units whatsoever.

Thanks

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P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 23 June 2013

Enterprises which can be registered under MSMED Act 2006 are:

a) Enterprises engaged in manufacturing/production of goods in any scheduled industry; or

b) Enterprises engaged in rendering of any service.

Since trading activity is not covered, in my view you will not be able to be registered under the Act.