MSME Company Registration in India | Admond World

Apply Now

MSME Price Estimation




MSME Company Registration

Are you a businessman or are starting a new business and looking for a MSME company listing is the right place. Admond World. One of the best business registration service providers to offer any type of business registration services with the support of certified public accountants.

About MSME registration

Depending on an applicant’s business annual turnover, he/she can apply for MSME loan by checking and comparing loan deals from various financial institutions and filling and submitting loan application form online. Applicants can apply for MSME registration by visiting the bank’s official website and applying it online, at free of cost. Let’s further discuss regarding MSME registration with steps and processes involved; along with related information.

The unique features of a MSME company such as limited liability protection for shareholders, separate legal entity status, ability to raise capital and sustainable existence make it a recommended type of work unit for millions of small and medium-sized businesses that are family-owned. Or professionally managed.

Characteristics of MSME Company Registration in India

Members- For MSME Company Registration in India, as per the provisions of the Companies Act, 2013 at least 2 members are required and maximum is 200 members.

Limited Liability– The liability of each shareholder or members is limited. It means that if a company faces loss under any circumstances then its stockholders are liable to sell their own assets for payment. The personal, individual assets of the stockholders are not at risk.

Perpetual succession– The company keeps on existing in the eyes of law even in the case of insolvency, death, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing always.

Index of members- A MSME has a authority over the public company as they don’t have to keep an index of its members whereas the public company is required to maintain an index of its members.

Number of directors- A MSME must have two directors. With the existence of 2 directors, a MSME can come into action.

Paid up capital- It should have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.

Prospectus- Prospectus is an exact statement of the company affairs which is expressed by a company for its public. However, in the case of MSME company, there is no such need to issue a catalogue because in this public is not invited to subscribe for the shares of the company.

Minimum subscription- It is the payment receive by the company which is 90% of the shares issued within a certain period of time. If the company is not able to receive 90% of the payment then they cannot commence further business. In case of MSME company shares can be assign to the public without receiving the minimum subscription.

Name- It is compulsory for all the private companies to use the word MSME after its name.

Required documents for MSME Company Registration

ID Proof of all Directors
  • Any one ID proof like AADHAR Card, Voter Card, Driving License or Passport required.
  • PAN card
  • Social Category (General/OBC/SC/ST)
  • Main Business Activity of Enterprise (Your Firm / Company Work)
  • Name of Enterprise / Business
  • Type of Organization (Proprietorship/Partner/LLP/Pvt. Ltd.)
  • Mobile No and email id

Any Other
  • Bank statement having latest 60 days entry
  • Bank Passbook with entries page having latest 60 days entry
  • Electricity Bill in name of Director
  • Gas bill in name of Director
  • Passport size photo of all Directors
  • Any one bill in anybody name for registered office address
  • Electricity Bill
  • Gas Receipt (not Gas book)