Who can be registered Under MSMED Act, 2006?
Manufacturing
Unit or Service Unit can be registered under MSMED Act, 2006 provided that
below conditions are met:
Type of Enterprises
|
Revised Criteria **
both for Manufacturing
Enterprise and Services Enterprises
|
Earlier Criteria*
for Manufacturing
Enterprises
|
Earlier Criteria
for Service Enterprises
|
Micro
|
Investment < Rs. 1
Crore
AND
Turnover < Rs. 5
Crores
|
Investment < Rs. 25
Lakh
|
Investment < Rs. 10
Lakh
|
Small
|
Investment < Rs. 10 Crore
AND
Turnover < Rs. 50 Crores
|
Investment < Rs 5
Crores
|
Investment < Rs 2
Crores
|
Medium
|
Investment < Rs. 20 Crore
AND
Turnover < Rs. 100 Crores
|
Investment < Rs. 10
Crores
|
Investment < Rs. 5
Crores
|
* Earlier criteria was
Investment in Plant & Machinery or Equipment
** Now eligibility
criteria is investment and turnover both (As announced by Finance Minister
of India on 13th May 2020 in Atamnirbhar Bharat)
Who can not be registered under MSMED Act, 2016
Business
units cannot get registered under MSMED Act, 2006 who are having following
business activities:
Activities not allowed
for registration under MSMED Act
|
NIC Code
|
1)
Forestry
and logging
|
02
|
2)
Fishing
and aquaculture
|
03
|
3)
Wholesale
and retail trade and repair of motor vehicles and motorcycles
|
45
|
4)
Wholesale
trade except of motor vehicles and motorcycles
|
46
|
5)
Retail
trade except of motor vehicles and motorcycles
|
47
|
6)
Activities
of households as employees of domestic personnel
|
97
|
7)
Undifferentiated
goods and services producing activities of private households for own use
|
98
|
8)
Activities
of extraterritorial organisations and bodies
|
99
|
Further, activity under NIC code -01 Crop, animal
production, hunting and related activities are also be not included in
category allowed to take registration under MSMED Act, 2006. However, following
activities within NIC Code - 01 are allowed for the purpose of registration under
the Act.
Activities allowed for registration under MSMED Act
|
NIC Code
|
i)
Production
of Eggs
|
01462
|
ii)
Operation
of poultry hatcheries
|
01463
|
iii)
Bee-Keeping
and production of honey and beeswax
|
01492
|
iv)
Raising
of silk worms, production of milks, production of silk worm cocoons
|
01493
|
v)
Operation
of agricultural irrigation equipment
|
01612
|
vi)
Support
activities for animal productions
|
01620
|
vii)
Preparation
of crops for primary markets i.e. cleaning, trimming, grading, disinfecting
|
01631
|
viii)
Cotton
ginning, cleaning and bailing
|
01632
|
ix)
Preparation
of tobacco leaves
|
01633
|
x)
Other
post-harvest crop activities
|
01639
|
xi)
Seed
processing for propagation
|
01640
|
DISCLAIMER
The
material and information contained in this blog are for general information
purpose only. Though we have made every efforts to make our
interpretation correctly, we do not make representation either express or
implied about the completeness or correctness of the subject matter.
Under no circumstances the author is not responsible / liable for any loss or
damage caused to anyone due to any mistake / error / omissions.
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