Licenses & Registrations
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Services we provide under Licenses & Registrations
- MSME/SSI Registration
- ISO Certification
- FSSAI [Food License]
- IEC [Import/Export Code]
Udyam Registration – An Overview
Small scale businesses play a vital role in improving the economy of any country. To encourage new and existing business, the government of India has launched many schemes that help small and medium scale businesses to sustain and grow. To avail all these beneficial schemes, you need to get your Udyam registration done. Udyam registration is also known as Udyog Aadhaar or SSI registration. Spinach Laws can complete the process in just a few steps.
Benefits of MSME/Udyam Registration
The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development Act, 2006
- You can get collateral-free loans from banks under the credit guarantee fund scheme (CGS) for micro and small enterprises
- Some items have been earmarked to be manufactured only by small scale enterprises
- Once you get the MSME certificate for your microenterprise, it gets much easier to get licenses, registrations, and approvals for the same
- Being able to show your MSME certificate while making these applications will speed up the process
- You get special consideration for participating in international trade fairs, exhibitions, and buyer-seller meets. You can also hold international seminars and conferences which are in the interest of MSME sector
- When you have MSME registration, you get many things done at a subsidised price: Barcode registration, NSIC performance and credit ratings, industrial promotion subsidy (IPS) subsidy, ISO certification, electricity bill, and patent registration can be done easily
- The interest rate charged by banks for MSME registered enterprises is lower than the normal interest rate
- To promote technological growth among the micro industries CLCSS scheme was introduced that provides 15% capital subsidy up to ₹15 lakhs for the purchase of plant and machinery
- While applying for a government tender, the ministry of micro, small and medium enterprises gives the following benefits to a microenterprise:
- Tender sets can be issued free of cost
- They are exempted from paying earnest money
- Security deposit is waived up to a certain monetary limit.
There are many other benefits under the Act and benefits are introduced through annual budgets as well.
What Do You Mean By MSME Classification?
Prior to now, the MSME classification system was determined by criteria related to investments in machinery and/or equipment. Therefore, in order to qualify for MSME incentives, MSMEs must keep their investment to a smaller level, as described below:
| Existing MSME Classification | ||||
|---|---|---|---|---|
| Sector | Criteria | Micro | Small | Medium |
| Manufacturing | Investment | < Rs.25 lakh | < Rs.5 crore | < Rs.10 crore |
| Services | Investment | < Rs.10 lakh | < Rs.2 crore | < Rs.5 crore |
Types of MSME Registrations
Provisional MSME Registration
This is apt for entities which are yet to begin functioning. With provisional registration the MSME can:
- Obtain facilities for accommodation, land, etc.
- Obtain important approvals and NOCs
- Obtain clearances from regulatory bodies such as pollution control board and labour regulations
- Obtain term loans and working capital from financial institutions and banks under priority sector lending.
A PRC (provisional registration certificate) is allotted to new enterprises without any field enquiry and is valid for 5 years.
Permanent MSME Registration
It is given to industrial units that are already functioning. All the benefits available to MSMEs can be availed by them. The following conditions have to be met for getting a permanent registration:
- The unit has obtained statutory and administrative clearances as required
- The unit does not violate any regulation or restriction
- The value of plant and machinery in the unit does not exceed the prescribed limits
- There should be proof the enterprise is not owned, a subsidiary of or controlled by another industry.
How to Register MSME Using Udyam Registration Portal
The updated MSME registration process is entirely online, paperless, and self-declaratory. There are no files or documentation that must be uploaded in order to register an MSME.
- Step 1: A MSME must submit an online Udyam Registration application through the Udyam Registration Portal
- Step 2: Upon application submission, the business will receive a “Udyam Registration Number&qout; (i.e., permanent identity number)
- Step 3: The business will be given a “Udyam Registration Certificate” once the registration process is complete.
Udyam registration cannot be obtained without an Aadhaar number. Depending on the type of firm, the following Aadhaar number is necessary
| Type of firm | The person whose Aadhaar number is required |
|---|---|
| Proprietorship firm | Proprietor |
| Partnership firm | Managing partner |
| Hindu Undivided Family | Karta |
| Company or a Co-operative Society or a Trust or a Limited Liability Partnership | Authorised signatory |
Documents Required for Udyam Registration (SSI/ MSME) Certificate
- Aadhaar card
- A bank passbook with a picture
- Election ID card
- Passport
- PAN card
- A driving permit
- A government-issued ID card for employees (if any)
- Certificate of caste (for SC, ST, and OBC category)
- Owner’s name and Aadhar number for the business
- Name of the business
- Information about the initial registration procedure for the business
- Documentation confirming the kind of the business
- Documents pertaining to the bank account information and mailing address.
- Code for National Industrial Classification.
Eligibility Criteria for MSME Udyam Registration Online
The entities that fall under the following three categories can apply for MSME registration.
Micro Enterprises
Where the investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.
Small Enterprises
Where the investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.
Medium Enterprises
Where the investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.
Udyam Registration Process
Spinach Laws uses an easy three step process to complete the Udyam registration process.
However the complete process is much more complex and time consuming.
Udyam Registration Official Website.
Go to https://udyogaadhaar.gov.in/UA, the Udyog Aadhar’s official website.
Provide Personal Information
Type in your personal data
- Your name and 12-digit Aadhar number must be entered first
- Choose ‘Validate & Generate OTP’
- The OTP number will then be sent to your registered number
- Aadhar card is a must for getting udyog Aadhar.
Business Information
Complete the information about the company or companies you wish to register. You must fill in the name of the company. If you have more than two businesses, you should enter the names of the businesses under Enterprise 1 and Enterprise 2.
Communication Details
The postal address, registered email address, registration mobile number, and other details about the company or companies must all be entered in this section.
Additional Details
Fill in the remaining information needed. In this section, you must include the date the business was founded as well as any other information previously related to the company’s registration.
Registration Proof
Information about registration through the SSI, EM1, or EM2 processes is included in this category
Provide the Bank Information
For this section, you must provide the bank information for the company, which includes the account number, bank name and IFSC code, and branch name.
Classification of the Company
Now specify the company’s primary line of business, i.e., whether it engages in manufacturing or delivering services. It is important to mention the main business.
Services
If your business deals with different types of prospects, you must pick the one where it has a strong presence. For instance, you would choose manufacturing as your core business if the company’s core processes consisted of 70% production and 30% service.
Capital
Provide information regarding the total number of employees in your company as well as the total investment in lakhs. When registering under this category, if you own multiple businesses, you will need to complete the necessary data for each business separately.
Location of the Firm
Select the industry district centre and finally accept the declaration from the list provided on the website. Then, click the submit button after accepting the declaration. You will receive an acknowledgement number following the selection.
Investment Pitch Deck – an Overview
Entrepreneurs must have a strong investment pitch deck in place before they even consider seeking funding for their businesses. The investment pitch deck is a crucial part of the financing process. It increases the likelihood that they will make a funding by piqueing their interest in your business concept and getting them talking about it.
An investment pitch deck is a business pitch presentation that informs potential investors about your company. The investment pitch deck is also known as a business pitch, investors pitch, or investment business plan. It uses the slides to simply depict the company and its chances of success in order for the investor to comprehend the business potential. Writing a business proposal or investor pitch is in some ways similar to writing a client proposal.
Advantages of Having a Investor Pitch
Convince the Investors
The business pitch is where start-ups showcase their potential for success in an easily understandable presentation that bank executives, private equity investors and others who are interested. Increase the potential investors’ mental clarity.
Equity Funding
If you’re a technologist with deep expertise in building products, but having difficulties in presenting your vision in a way that makes business sense, you will need a business pitch deck to close your funding round. Depending on the need for funding, the investment pitch deck can be updated and modified for various purposes and periods. It also acts as a marketing strategy for the company. An executive summary of the company is given in the investment pitch deck, along with a description of the management goal.
Build the Roadmap
A business pitch deck can serve as an internal memo for the founding team, to set benchmarks and track its progress as a business over a period of time. It is an effective structure for drafting a small business plan. A perfectly drafted Investment pitch deck can assist in adjusting the business goal to particular customers and investors.
What Does a Business Pitch Contain?
Elevator Pitch
A quick and crisp synopsize of your startup – the problem it is solving
Solution
Your solution to the massive problem you have identified.
Market Analysis
Insights into the market and the opportunity it presents
USP
Evidence that your business differs from other businesses and why it will succeed
Business Model
How will you generate revenue and grow the same.
Go-To-Market Strategy
What’s your strategy to acquire customers and attain massive growth
Current Traction
What’s your current traction and key business metrics
Founding Team
An overview of the domain expertise and the background of the founding team and other key advisors, partners, or investors.
What Paperwork Is Necessary for an Investors Deck?
Enterprise Plan
A business pitch is a written document that outlines the objectives and tactics for the company’s future.
Technical Documents
An investor may request the relevant documentation from a business owner who is launching a technology-based venture or a medical venture. Investors can consult a specialist to evaluate potential technology. Additional information, documentation, and company operations must be provided.
Documents Concerning Financial Issues
Financial business forecasting is a requirement for every company. Detailed financial projections for the upcoming years will be needed by the potential investor who is interested in the company. The investor can comprehend the fundamental presumptions underlying the forecast.
Various Documents
Investors want to see the plans and pertinent documents related to hiring new employees and the costs associated with payroll, R&D, manufacturing, and marketing. The entrepreneur must give the investor a thorough sales and profit-and-loss forecast report.
Information Regarding the Market
Information about the target market helps the entrepreneur solve problems by giving pertinent data. Such information on the target market can be requested by the investor.
How We Help with Business Pitch Preparation
For your startup, Spinach Laws can create a business pitch. Your startup’s business plan or investor pitch can be created in 15 to 20 days.
Better understanding of your business
Our Financial experts will work with you to comprehend your business, proposed plans, and capital requirements prior to developing the business pitch.
Creating a business pitch
Our Financial experts will create a business pitch for your startup based on their knowledge of your startup company and the data gathered.
Finalisation of the business pitch
You can offer your feedback or input once the draft business pitch has been created in order to finalise and prepare the final investor pitch.
Investment Pitch Deck Building Process
5 Working Days
We will ask startups to share data of their business in a proprietary format, using which we perform an in-depth analysis of the business and competitors. The data requested from startups will be broad-ranging right from the vision for the company to the finer details such as business model, customer acquisition costs, breakdown of revenues, etc.
10 Working Days
We share a rough draft of the investment pitch deck in text format. Upon confirmation from the startup, within 10 working days, we will be able to deliver an end-to-end business plan that will visually impress a potential investor or partner.
4 Working Days
We encourage iterations requested by the startups on the business pitch upto 4 working days after delivering the first draft of the investment pitch deck.
FSSAI Registration – An Overview
FSSAI registration is mandatory for anyone involved in the food business. Be it food processing, food manufacturing, packaging, distributing, or selling. It would help if you got an FSSAI registration to run your business. The Fssai registration/license is issued by the Food Safety and Standards Authority of India (FSSAI). This institution monitors food businesses under the guidelines and regulations listed in the FSSAI Act of 2006.
Food License Registration Process
- Step 1: Once you get in touch with our FSSAI experts regarding the registration process, Our agents will set up a call with you later and collect all the necessary documents to start the registration process.
- Step 2: Our expert team will start the FSSAI registration process for your food business. The process will be completely transparent. You will get timely updates from our experts.
- Step 3: The officials from the food department will inspect your food business. After successful inspection, your food business is now registered and you will get the 14 digit FSSAI license.
Benefits of FSSAI License Registration
Apart from the fact that FSSAI registration is mandatory for your food business, getting it also comes with some benefits:
- It creates trust and credibility among your customers
- The FSSAI logo is widely recognised and hence it can ensure goodwill among consumers
- Hygiene and cleanliness are regulated and followed when FSSAI registration is involved
- You can create better work policies or improve them through studies that you get access to
- New knowledge about the industry is shared with you which will help you to improve your safety standards and aid you in reaching the standards of international organisations
- An FSSAI license is important for importing and exporting food products
- FSSAI is mandatory when you sell food products online
- FSSAI is also responsible for setting guidelines and procedures for quality assurance of the accredited labs as per ISO17025.
FoSCoS FSSAI License Renewal
An FSSAI license is valid for a period of one to five years and can be renewed before it expires. Any person or organisation that has an FSSAI registration or license is eligible to apply for a renewal of their license by submitting an application no later than 30 days before their license expires.The renewal process is similar to the application process and requires the same documents. Any FSSAI renewal application submitted after the expiration date is subject to a ₹100 per day late fee. The Food Business Operator must stop all operations at the location if the food business license has expired.
If you want to change your business address or any other details on your license, you will need to apply for a new license. You can do this by filling out the online application form and providing the required documents.
FSSAI FoSCoS
The Food Licensing and Registration System (FLRS), which was established in 2012 for the issuance of FSSAI Licenses and Registration throughout India, has been transformed into the Food Safety Compliance System (FoSCoS).
FSSAI Logo
You can show and utilise the FSSAI logo in your branding if you have a license or registration from the FSSAI. Food establishments and restaurants typically show the FSSAI mark on their display boards, menu cards, and brochures to advertise that they are in compliance with the FSSAI Act. Customers view the FSSAI logo as a sign of credibility and as a guarantee of the establishment’s cleanliness and minimum food quality.
Who Is Required to Apply for FSSAI License?
From hawkers, home vendors to giant food chains everyone operating in the food industry needs to register with FSSAI. Irrespective of whether you are operating online or offline, or whether you are a local player or into the import or export of food products, you need to register with FSSAI. Based on their size and the places they operate, they have to get one of the 3 types of registration/license that are discussed below.
If your business falls in any one of the below-listed categories, then a food license is mandatory for you:
- Procurement
- Manufacture
- Distribution
- Processing
- Packaging
- Storage
- Selling
In other words, an individual or a company that operates with food substances from farm to plate must obtain the FSSAI food license.
FSSAI Fees Payment Online
When submitting the FSSAI registration form, the applicant or FBO must pay the applicable fees. The following are the different types of registrations’ associated FSSAI registration fees:
- Fee for FSSAI Basic Registration: ₹100
- Fees for the FSSAI State License range from ₹2,500 to ₹ (Depends on the type of business carried out)
- Fee for FSSAI Central License: ₹7,500.
Penalty for Not Registering
A food business operator (FBO) who runs their business without registering under FSSAI may face imprisonment and an FSSAI license penalty of up to ₹5 lakhs for the same.
Types of FSSAI Food License in India
According to the FSSAI Act, 2006 all food businesses are required to be registered/licensed under the following 3 categories:
Food License Registration Online – Basic
It is the primary kind of registration issued for businesses that are small in turnover – up to ₹12 lakhs approximately per annum. Catering businesses irrespective of their turnover have to apply for a state license and not a basic FSSAI registration.
Fssai State License
Companies that have a profit greater than ₹12 lakhs require a FSSAI state license.
Fssai Central License
The central registration is for bigger businesses that have a turnover of over ₹20 crores per annum. Companies that supply food to government offices/departments and businesses involved in food import/export, an online platform, operating franchises, or chains of hotels/restaurants have to get a Central FSSAI license as well.
Fssai Licence Registration Eligibility
Licensing and registration with FSSAI is mandatory for all food businesses. Any business engaged in the manufacturing, processing, storing, transporting, distribution or sale of food products must obtain an FSSAI license or registration.
There are two types of licenses issued by FSSAI – Basic Registration and State License. Basic Registration is required for small-scale food businesses with an annual turnover of less than ₹12 lakhs. State License is required for all other food businesses including those with a Basic Registration.
The following are the eligibility criteria for FSSAI Licensing:
The applicant must be a manufacturer, processor, packer, distributor, importer or retailer of food products.
The applicant must have a valid Food Business Operation (FBO) certificate from the Municipal Corporation or any other competent authority as required under the FSS Act, 2006.
The applicant must have a valid registration certificate.
Documents Required for FSSAI Registration
Based on different types of registration and the food business that you are running, you have to submit diffrent documents required for FSSAI Registration.
FSSAI License Registration
- Authorised person’s passport-sizes photograph [self-attested]
- Authorised person’s Aadhar card front and back [self-attested]
- Address proof of the business premises [rental agreement/previous month’s electricity bill/NOC from landlord]
- Declaration signed by the authorised person.
State & Central License
- Passport-sized photograph of the directors/partners/proprietor
- Identity proof of directors/partners/proprietor [Aadhar and PAN Card]
- Address proof of the business premises [rental agreement/previous month’s electricity bill/NOC from landlord]
- Photograph of the premises [8-9 photos]
- Blueprint of the premises
- List of food products on the company letterhead [with seal and signature]
- List of machines (if any) on the company’s letterhead [with seal and signature].
Manufacturing Units
Including the documents required for FSSAI Registration, manufacturing units have to submit the following documents as well:
- The blueprint of warehouse, plant, etc.
- A list of all machinery
- Report of a water test
- List of all food categories
Import Export Code Registration – an Overview.
An import export code is an unique 10-digit code that is required for every import/export business owner in India. The code is issued by the Director-General of Foreign Trade (DGFT), Ministry of Commerce, and needs no filing or renewal. IEC is required by importers to clear customs and shipment, and to transfer money to foreign banks. Exporters require their IEC to send shipments and receive money from foreign banks. In short, no importer/exporter can operate in India without getting the IEC.
Benefits of IEC Code
- The IEC registration helps traders including online e-commerce operators open the doors to venture into the global market
- Businesses can avail government schemes like the Merchandise Export from India Scheme (MEIS), the Service Export from India Scheme (SEIS), and others from customs and export promotion
- No compliance requirements post registration and hence maintaining the business is relatively simple
- The process of obtaining IEC is not tedious and can be obtained with minimal, basic documents.
How to Register for an IEC Code Online?
To get your import export license online, you will need to do the following simple IEC registration steps.
- Step 1: All the required documents, including bank details and Digital Signature Certificate, have to be submitted
- Step 2:The online IEC application form will be filed with the Directorate General of Foreign Trade (DGFT)
- Step 3: Once the documents and application are verified by the authorities, the import export code will be granted as a soft copy to the applicant or the entity.
Documents Required for Import Export Code Registration
The documents required for an IEC registration are listed below.
- PAN card of the company (not applicable in case of the proprietor)
- Applicant’s PAN and Aadhaar card (driving license/Aadhaar/voter ID)
- Incorporation certificate/partnership deed
- Address proof (electricity bill/rent agreement/sale deed of the office location)
- Copy of cancelled cheque leaf/banker certificate of the current account in the name of the company.
Eligibility to Get IEC Code
Any type of business registration: sole proprietorship, partnership, private limited companies, charitable organisations dealing with import and exports of goods can register for import-export code, irrespective of the size. However, an IEC is not required for import/export of goods for personal use, which are not connected with trade, manufacture, or agriculture. There is no need for a business set up.
Exemption of Import Export Code
- Persons undertaking import and export of goods for personal reasons and not connected to trade, agriculture and manufacture
- The parties/individuals who import/export goods to/from Nepal and Myanmar with single consignment must not exceed the value of ₹25,000 through Indo-Myanmar border areas and China (via Namgaya Shipkila, Gunji, and Nathula ports)
- As listed in appendix – 3, schedule 2 of ITC, exemption from obtaining IEC shall not be applicable for export of materials, organisms, special chemicals, equipments & technologies (SCOMET)
- Ministries/departments of central and state governments.
The following permanent IEC numbers shall be used by non-commercial PSUs and categories of importers/exporters mentioned against them for import/export purposes.
| S.No | Code Number | Categories of Importers / Exporters |
|---|---|---|
| 1 | 0100000011 | All Ministries / Departments of Central Government and agencies wholly or partially owned by them. |
| 2 | 0100000029 | All Ministries / Departments of any State Government and agencies wholly or partially owned by them. |
| 3 | 0100000037 | Diplomatic personnel, Counselor officers in India and officials of UNO and its specialised agencies. |
| 4 | 0100000045 | Indians returning from / going abroad and claiming benefit under Baggage Rules. |
| 5 | 0100000053 | Persons / Institutions / Hospitals importing or exporting goods for personal use, not connected with trade or manufacture or agriculture. |
| 6 | 0100000061 | Persons importing/exporting goods from/to Nepal |
| 7 | 0100000070 | Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas |
| 8 | 0100000088 | Ford Foundation |
| 9 | 0100000096 | Importers importing goods for display or use in fairs/exhibitions or similar events under provisions of ATA Carnet. This IEC number can also be used by importers importing for exhibitions/fairs as per Para 2.29 of HBPv1. |
| 10 | 0100000100 | Director, National Blood Group Reference Laboratory, Bombay or their authorised offices. |
| 11 | 0100000126 | Individuals / Charitable Institution / Registered NGOs importing goods, which have been exempted from Customs duty under Notification issued by Ministry of Finance for bonafide use by victims affected by natural calamity. |
| 12 | 0100000134 | Persons importing/exporting permissible goods as notified from time to time, from/to China through Gunji, Namgaya Shipkila and Nathula ports, subject to value ceilings of single consignment as given in Para 2.8(iv) above. |
| 13 | 0100000169 | Non-commercial imports and exports by entities who have been authorised by the Reserve Bank of India (RBI). |
Commercial public sector undertakings (PSU) who have obtained PAN will, however, be required to obtain the import export code number. The permanent IEC number as mentioned above shall be used by non-commercial PSUs.
Recent Updates
Recently the Indian government made changes regarding the export policy of red sandalwood exclusively sourced from cultivated origin from private lands. As per Section 3 and Section 5 of foreign trade development and regulation Act of 1992 the amendment was conducted. The central government amended the policy conditions that were pre-existing under chapter 44 of ITC HS 2018 scheduled to.
As per amendments Red sanders wood is not acceptable for export. However, the following yearly export quotas for red sanders (Rerocarpus santulinus) are permitted in accordance with the recommendations of the BSI NDF Report, MoEF&CC. The state government must create a digital platform with geo-referenced sites and MIS that provides information on the number of trees, their age, and their breast height diameter. Specific management plans, harvest Plans, with approved rotation periods for sustainable harvest of red sanders wood from plantations in forest and non-forest regions must be included in the working policy guidelines of States.
Importer Exporter Code Glossary
AES: Automated Export System
Automated Export System (AES) is the system used by U.S. exporters to electronically declare their international exports to the census bureau to help compile U.S. export and trade statistics.
FTR: Foreign Trade Regulations
Trade regulation is a field of law, often bracketed with antitrust, including government regulation of unfair methods of competition and unfair or deceptive business acts or practices.
POA: Power of Attorney
A power of attorney or letter of attorney is a written authorisation to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorising the other to act is the principal, grantor, or donor (of the power). The one authorised to act is the agent or, in some common law jurisdictions, the attorney-in-fact.
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