MSME
MSME
MSME can be defined as Micro, Small and Medium Enterprises. These valuable initiatives have been dedicatedly becoming the superior pride of India’s economy. These small-scale industries have been constituting a great value for large companies as many multinational businesses have used their raw materials. These types of companies are segmented into two broad categories one is the manufacturing one, and the other one is the service provider.
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What does MSME Classification define?
When the concept of MSME registration was implemented by the government in 2006, the following classification was labelled as per the investment criteria in machinery and plant equipment. But further, the classification has been revised by the government, and the inclusion of annual criteria and annual investment has been done. Moreover, the distinction between service sectors and manufacturing has been eliminated.
What does MSME registration imply?
Like most major companies, MSMEs also demand certified capital to initiate their expansion and include necessary services to help consumers. In other terms, they apply for various loans to satiate their capital needs.
Among this, every MSME has to go through a registration process. To ease this issue, Consumer Mitra has come up with its diversifying legal expertise. Being the prominent lawyer services online, we will provide you with all the advantageous measures of being an MSME.
What are the prominent benefits of doing MSME registration?
We, as professional online legal help, listing down some of the effective benefits of MSME registration:
- It accepts the credit of MAT that can be carried up for up to 15 years rather than ten years.
- With registration, bank loans are becoming cheaper with low-interest rates.
- Once your company is registered, the cost of acquiring a patent is done, and the setup expenses also decrease.
- You can easily get government tenders through MSME registration as the Udyam Registration portal is tied with the Govt. e-Marketplace.
- The registration will help you acquire the benefits of government schemes like credit-linked capital subsidy schemes, credit guarantee schemes, public procurement policy and more.
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Legal Solutions for MSME Disputes & Recovery
Consumer Mitra offers cost-effective legal process outsourcing (LPO) services, helping law firms, businesses, and corporations manage their legal research, contract drafting, and litigation support.
Our MSME Services Include:
- Regulatory compliance & contract drafting
- Recovery of unpaid dues under MSME Act
- Legal representation in commercial disputes
- Arbitration & conciliation for MSME
Why Consumer Mitra?
- Experienced MSME lawyers for dispute resolution
- Fast legal action for recovery of dues
- Representation before MSME Facilitation Councils
📞 Need legal help for your MSME? Contact us today!
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