ENTREPRENEURS MEMORANDUM FOR SMALL BUSINESS MANUFACTURING

ENTREPRENEURS MEMORANDUM FOR SMALL BUSINESS MANUFACTURING

Registering the company with ROC is the must. As per your desired ownership pattern you can register your manufacturing business by following ways:

1.      One Person Company

2.      Private Limited Company

3.      Limited Liability Partnership

4.      Public Limited Company

Section 8 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides for the filing of a memorandum by a Micro, Small or Medium Enterprise. Sub-section (2) of section 8 stipulates that the form of the Memorandum, the procedure of its filing and other matters incidental thereto shall be such as notified by the Central Government. The memorandum may be filed by all three categories of enterprises with the District Industries Centre in the jurisdiction of which the enterprise is (or, is proposed to be) located.

Every SSI unit has to comply with various regulations in force. These include regulatory, taxation, environmental and certain product specific clearances. This section looks into the methodology of obtaining these approvals and clearances.