lawgical india

  Udyog Aadhar or MSME Registration To avail of the perks provided under the MSMED Act by the Central or State Governments, or even the Banking Sector, obtaining Udyog Aadhar or MSME registration is mandatory. The Government of India has released the following benchmarks to classify micro, small, and medium-sized businesses: (i) Micro-businesses have a total investment of up to INR 1 crore in plant, machinery, and equipment, and an annual turnover of up to INR 5 crore. (ii) Small businesses have an annual revenue of less than INR 50 crore, and their investment in plant, machinery, or equipment does not exceed INR 10 crore. (iii) Medium-sized businesses have a turnover of up to INR 250 crore and investment in machinery and/or equipment that does not exceed INR 50 crore. MSME Udyam Registration MSME registration falls under UDYAM registration, and the ministry hopes to attract more such start-ups and businesses through this initiative. With this, you will be able to endorse several g...

A nidhi company's primary business activity is to borrow and lend money to its members. A nidhi corporation can accept deposits and make loans to its members. The procedure for getting nidhi registration is child’s play, and it does not require any RBI clearance for that type of company registration in India. The Nidhi company usually bestows funds for its members only. These companies are small in collation with the banking sector and are primarily used to instil savings within the workers. To inculcate the practice of saving among its members, Nidhi company came into devise.   Nidhi registration is potent for almost all the companies so by nidhi bank registration your company can help employees to get loan and money.   Restriction on the Nidhi Registration:  The following are some of the limits imposed on a Nidhi Company under the Nidhi Rules, 2014. According to Rule 6 of the Nidhi Rules, 2014, a Nidhi Company shall NOT: Carry on chit fund, hire purchase f...