What are MSME and MSME registration?Legal AssistanceUpdated on Nov 29, 2018 View more like this | Visit India, UN | Contact What is GST Registration Process in Karnataka |
Under the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006, the MSME (Micro, Small & Medium Enterprises) can be defined on the basis of classification which is in two classes:
1. Manufacturing Enterprises: These are the enterprises engrossed in the manufacturing or production of goods relating to any industry specified in the first schedule to the industries (Development and Regulation Act, 1951) or employing plant and machinery in the value addition process to the final product with a distinct name or character or use.
Manufacturing enterprises are defined in regards to investment in Plant and Machinery.
2. Service Enterprises: The enterprises concerned with the offering and or rendering of services and are defined in regards to investment in equipment.
MSME registration can be do with Enterslice by experts.
1. Manufacturing Enterprises: These are the enterprises engrossed in the manufacturing or production of goods relating to any industry specified in the first schedule to the industries (Development and Regulation Act, 1951) or employing plant and machinery in the value addition process to the final product with a distinct name or character or use.
Manufacturing enterprises are defined in regards to investment in Plant and Machinery.
2. Service Enterprises: The enterprises concerned with the offering and or rendering of services and are defined in regards to investment in equipment.
MSME registration can be do with Enterslice by experts.
