NSIC or National Small Industries Corporation is an ISO certified enterprise which promotes the growth of MSMEs in India and comes under Indian Government’s Micro, Small, and Medium enterprise. This enterprise operates all over the country and has its technical centres and offices.
NSIC aims to:
- Expand the operations if the corporation which will ultimately result in business growth.
- Help corporations achieve efficiency in operations and productivity and in turn more profitability.
- Helps the employees to upgrade their skills and provide training to the trainees for them to be self-employed in the future.
- Provide a healthy working environment.
NSIC registration process:
Companies which have a Udyog Aadhaar registration or an MSME registration can do the NSIC registration.
For registration, the company has to submit the application online or in one of the NSIC offices. After receiving the application, the NSIC department will forward it to the zonal branch or a sub-branch whichever is nearest to the business for technical inspection.
If a positive inspection report is received, then registration is granted to the small business.
Documents required for NSIC registration:
- PAN Card copy
- MSME registration acknowledgment copy
- Machinery, equipment, plant, and raw material details with the purchase price.
- Certificate of Incorporation
- Ownership documents (premise ownership document or lease deed)
- Latest electricity Bill Copy
- Partnership Deed
- Form A (Registrar of Firms) with the partner’s name
- Declaration from Partner, Director, or Proprietor
- List of employees (technical assistance in production and services)
- Performance statement
- Copy of ISO 9000
- Copy of Business License
- Item for which registration is required
- Audited balance sheet, profit & loss account, and trading account
- Account information of the last 3 years
Charges for NSIC registration:
NSIC registration charges are based on the turnover of the business and the latest financial statements but general charges are as follows:
- For a business with a turnover of less than 1 crore: Microenterprise is charged INR 3,000 and a small enterprise or business is charged INR 5,000.
- For a business with a turnover of more than 1 Crore: Microenterprises are charged INR 3,000 with INR 1,500 for every additional crore in the turnover. Small enterprises or businesses are charged INR 5,000 with INR 2,000 for every additional crore in the turnover.
There is also an inspection fee and professional fee. The inspection charges for Microenterprises are INR 2,000 and for small enterprises or businesses, INR 3,000. The professional fee for a Microenterprise is INR 6,000 and INR 8,000 for a small enterprise.
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