MSME - Micro Small And Medium Enterprises

MSME Registration | MSME Disputes | MSME Samadhaan


In a fast paced economy, as a start up or MSME grows, one cannot function without prompt legal assistance and legal team work. What initially may appear to be simple, straightforward, the business may soon find itself being confronted with a host of issues pertaining to ownership, control, employment laws and compensation and thus as the business develops, the unforeseen, unanticipated and unexpected cannot be ruled out.

Legaleye Associates represents closely held businesses such as start-ups, msme's, corporations, partnerships and limited liability companies, as well as entities that are family-owned and/ or HUF businesses. Apart from assistance in setting up and advising clients on the form of business they should venture, the documentation/ contracts that need to be in place we also provide assitance of recoveries, equity, litigaation support etc. Further, our MSME lawyers in Mumbai also assist clients in exploring opportunities for tie-ups, mergers and acquisitions, joint ventures, and franchising with other interested clients. The Firm has access to resources and also engages external consultants on a need basis to provide expert financial/ tax guidance, business valuations that aid in implementing the most complex decisions.

Our MSME lawyers in Mumbai can help you in obtaining MSME Registration in your city to avail host of benefits under Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.Any enterprises falling under micro, small and medium category can get MSME registration to avail various incentives provided under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. MSME registration can be obtained for manufacturing as well as service enterprises. Even though the MSME registration is not mandatory, it may be beneficial for business to avail a range of benefits such as payment of lower interest rates, power tariff concession, excise exemptions, tax subsidies, subsidy for capital investment etc.

Which Act governs MSME’s and is MSME registration necessary?

The Government of India promotes MSME through MSMED Act. The MSME registration is necessary to avail certain benefits and incentives under the MSMED Act from the banking sector, state and central Government of India. Registration as a MSME is very simple. MSME is classified in two categories that is

a. manufacturing enterprises where the enterprises are engaged in the production or manufacture of goods, and,

b. service enterprises where the enterprises are engaged in the business of providing services