The most common and simplest form of business is a sole proprietorship. Many small businesses operating in the India are sole proprietorships. An individual proprietor owns and manages the business and is responsible for all business transactions.
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Who is a Udyog Aadhaar / MSME / SSI?
Udyog Aadhaar MSME/SSI unit is an entity which meets set criteria. Udyog Aadhaar, MSME or SSI unit registration is not mandatory as per any statute but entities can avail few benefits available under different laws by registering themselves.
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What is Procedure for Udyog Aadhaar/MSME Registration?
Procedure for registration
Registration of Udyog Aadhaar/MSME/SSI units is undertaken by respective state governments. Almost all the states adopt uniform registration procedure which is as follows:
Provisional Registration: Units are required to obtain Provisional Registration Certificate before the commencement of the business which will be valid for 5 years.
Units can apply for Permanent Registration Certificate in the prescribed form once the business is commenced.
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Are you looking to do your Proprietorship Registration in Chennai? We at Kanakkupillai are at your service.
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We are committed to delivering value to our clients and ensuring long term success. Reach out to us to improve your business in global market, innovation ,reduce costs, implement new techniques, manage risk and governance. For us, the most important differentiator is not ‘what’ we do, but ‘how’ we do it.