Frequently Asked Questions
Yes. The new as well as existing businesses are free to apply for MSME registration and receive the certificate.
Although MSMEs are not required by law to be registered yet it is beneficial to apply for the registration process and obtain the certificate. Registration offers a bunch of benefits under the MSME Act.
After you receive the Provisional MSME Certificate, you can commence your business and later on, can also apply for Permanent Certificate. The Permanent Certificate also helps disappear lots of hassles in the future.
No. It’s not mandatory for sole proprietorship firms to be registered. However, you will need GST Registration Certificate to open a bank account.
GST Return
ITR Return
When a LLP has a total revenue more than Rs. 40 lakhs, it must undergo an audit. Auditing becomes a must for LLPs also in case of when the total capital of partners exceeds Rs. 25 lakhs.
As per the Partnership Act, 1932, partnership firms are not mandated by law to be registered, though the Act offers the process of the registration. In other words, the registration for partnership firms is optional yet highly recommended! The registration process usually introduces some certainty and guidelines among the partners and in the firm.
NOC by the owner of the registered office premises
All directors must furnish ID proof and address proof along with a copy of PAN card (Indian nationals) and Passport (foreign nationals)