SIC Registration
National Small Industry Corporation or NSIC is a national government endeavor running under Micro, Small, and Medium Venture (MSMEs). Founded by India’s Government in 1955 is known as Mini Ratna Public Industry Task (PSU).
NSIC promotes & cultivates the development of MSMEs operating in India with different schemes such as Single Point Registration, Marketing Support, and debt rating system for SMEs. The main NSIC functions are to promote India’s budding local business and provide assistance to Small Scale Industries (SSI).
The objective of National Small Industry Corporation
- To improve the firm reach, which will eventually lead to company growth.
- To achieve performance in operations as well as productivity and obtain better profitability.
- To aid the workforce in upgrading their abilities.
- To offer a safe and also tidy work environment.
- To give training to the candidate as well as help them in self-employment.
NSIC Certification in Gujrat:
NSIC Certificate in Gujrat describes National Small Industries Company under the Ministry of MSME (Micro, small, and also medium venture). NSIC registration promotes the development of MSME companies in Gujrat by running numerous promotions and marketing Assistance, Single Point Registration Plan, Efficiency credit rating, and ranking scheme. To get registration, ventures with Udyog Aadhaar registration can apply on the web or submitting the necessary documents and prescribed fees to the branch/regional/zonal office of NSIC.
NSIC Registration Procedure in Gujrat:
- MSME can apply online through the official website of NSIC by completing the application that can be downloaded online through the website.
- Copy of the Registration application, along with documents, is forwarded to the inspecting agency.
- On receipt of the inspection report submitted to NSIC by the inspecting agency, it shall issue the Single Point Registration Scheme Certificate.
Documents required for Online NSIC registration
The following documents are annexed with the online/offline application for NSIC registration:
- Performance Statement.
- Memorandum of Association.
- Articles of Association.
- Complete details of plant & machinery installed, such as date of purchase, asset value, depreciation, etc.
- LLP agreement in case an applicant is LLP
- Form A issued by the registrar of firms to a partnership firm
- Self-attested supporting documents for ownership
- Self-attested supporting documents for ownership
- Declaration from director concerning non-connection with any large-scale unit.
- Bank’s report describing the financial position of the applicant
- Complete list of raw materials, finished goods, or in-process goods.
- PAN of the company
- Audited financial statement of the preceding year
- BIS License, if applicable
- ISO 9000 (Optional requirement)
- Details about quality control equipment installed in the factory
- Copy of latest electricity bill of the premise
- Information on human resources, including technicians employed in the manufacturing department.
NSIC Registration Fee
1. If the Finacial statement of the company is Less than INR 1 Crores:
- Micro enterprises are charged INR 3,000, whereas small enterprises are charged INR 5,000.
2. More than INR 1 Crore:
- Micro enterprises are charged INR 3,000 plus INR 1,500 for every additional crore in the turnover.
- Small enterprises are charged INR 5,000 plus INR 2,000 for every additional crore in the turnover.
NSIC Certificate Validity Period
NSIC certificate under Single Point Registration Scheme shall be valid for 2 Years. This shall be renewed every two years after verification of Commercial and Technical Competence (CTC) of the registered MSEs.
