Micro,small and medium enterprises act
pooja dedhia
(Querist) 29 July 2012
This query is : Resolved
what is the time duration ,when a private limited co. is registered under co. act 1956 and want to register it self as a micro,small and medium enterprises act?
for that a newly register Private ltd co. what to do?
R.K Nanda
(Expert) 30 July 2012
Read Companies Act.
J K Agrawal
(Expert) 30 July 2012
please go through
www.neerajbhagat.com/MSMED.pdf
prabhakar singh
(Expert) 30 July 2012
The MSMED Act, 2006 distinguishes between Micro, Small, and Medium enterprises
based on the investment made in plant and machinery. Since the investment is a key
indicator of quantum of activities of an enterprise, it needs a regular revision in tune with
the inflation and devaluing money value. For the purpose of registration under MSMED
Act, 2006, the new establishments (who are yet to start the activities) shall submit a
statement of proposed value of investment in plant and machinery (manufacturing units)
or value of equipment (service industry units). The existing units shall value investment
in plant and machinery or equipments as the case may be, based on last audited
balance sheet. For determining the status of an enterprise, following slabs have been
prescribed.
INVESTMENT IN PLANT AND MACHINERY OR
EQUIPMENTS (RUPEES IN LACS)
SR.
NO.
TYPE OF ENTERPRISE
SERVICE SECTOR MANUFACTURING
SECTOR
1. Micro Upto 10 lacs Upto 25Lacs
2. Small Above 10 lacs upto 200
lacs
Above 25 lacs upto
500 lacs
3. Medium Above 200 lacs upto 500
lacs
Above 500 lacs upto
1000 lacs
REGISTRATION & FILING OF MEMORANDUM:
Filing of Entrepreneurs Memorandum (EM) is optional for the Micro and Small
enterprises, but is compulsory for the Medium enterprises (Except Medium enterprises in
service sector). The memorandum is to be filed with the General Manager of District
Industries Centre of the concerned district.
