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Msmed certificate

Pradeep kumar T V (Ops Executive) (87 Points)

29 October 2018

Dear Sir/madam,

I have a query. I would like to know who are all required to register for MSME certificate.

And for trading firms MSME certifcate is it mandatory? Please advise.

With advance thanks

Pradeep Kumar T V

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3 Replies

saurendra rautray (Advocate) (85 Points)
Replied 06 April 2020

Hi Mr Pradeep,

A Valid Certification is a must to avail the benefits under the said Act of 2006.

Kindly refer the act.

Regards

Saurendra Rautray

Rautray& Co

New Delhi

www.rautray.com

9437008255

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 06 April 2020

No MSME Certificate - Udyog Aadhaar is not mandatory in nature. It is voluntary to get yourself registered.

In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:

1. Manufacturing Enterprises-he enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.

2. Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment

Manufacturing Sector
Enterprises	Investment in plant & machinery
Micro Enterprises	Does not exceed twenty five lakh rupees
Small Enterprises	More than twenty five lakh rupees but does not exceed five crore rupees
Medium Enterprises	More than five crore rupees but does not exceed ten crore rupees
Service Sector
Enterprises	Investment in equipments
Micro Enterprises	Does not exceed ten lakh rupees:
Small Enterprises	More than ten lakh rupees but does not exceed two crore rupees
Medium Enterprises	More than two crore rupees but does not exceed five crore rupees

saurendra rautray (Advocate) (85 Points)
Replied 06 April 2020

Hi,

I differ from the opinion of spurto consultancy services. Registration of an Micro /SSI Unit is a mandatory to avail the benefits of the MSMED Act 2006. In the erstwhile Interest on Delayed Payment act of 1993 it was DIC registration and in the new Act of 2006 it was EM II. The Ministry of MSME has notified about Udyog Aadhaar Memorandum (UAM) through the Gazette of India on 18.09.2015 as a part of the government's initiative to ease of registration of the MSMEs. The simplified one page registration form (Udyog Aadhaar Memorandum) was made after wide consultations with stateslUTs and other stakeholders. The UAM has been introduced and the same replaces the filing of Entrepreneur's Memorandum Part I&II.

Regards

Saurendra Rautray

Rautray & Co

www.rautray.com

9437008255