NSIC
Get complete assistance from the team of FilingYug for registering on NSIC.
National Small Industries Corporation, abbreviated as NSIC. This company is classified as a Micro, Small, and Medium Enterprise. The NSIC registration is required for all entities participating in this scheme. The NSIC registration method provides a variety of advantages. For every type of government acquisition, NSIC considers MSME for Single Point Registration.
NSIC Registration – An Overview
The National Small Industries Corporation Limited (NSIC) is a government-owned corporation that was founded in 1955. NSIC is classified as a Micro, Small, and Medium Enterprise (MSME) (MSMEs). NSIC is now a well-known Mini Ratna Public Sector Undertaking (PSU) with ISO 9001:2015 accreditation.
The Single Point Registration Method should be considered by any MSME that is registered through this system (SPRS). The MSME can take advantage of a variety of benefits through this method. The Public Procurement Policy for Micro and Small Enterprises (MSEs) Order 2012 established this mechanism of Single Point Registration.
Eligibility Criteria for choosing NSIC registration:
Before applying for NSIC registration, the applicant must meet certain qualifying requirements.
- All Micro Enterprises with Plant & Machinery Investments of up to INR 25 lakhs and In-Service Sector Investments of up to INR 10 lakhs
- All Small Enterprises with Plant & Machinery Investments of up to INR 5 crores and In-Service Sector Investments of up to INR 2 crores
- MSME certificate holder.
- One year has passed since the start of the business.
Documents Required
- The authorized person’s identity and address proof
- MSME Registration Acknowledgement Copy
- Udyog Aadhaar Memorandum (UAM) Number, and a signed copy of PAN
- A signed copy of the business location’s ownership documentation (CoI)
- Copy of sales deed, if any.
- Directors, Partners, or Sole Proprietors must sign a declaration stating whether or not they have any ties to large-scale Unit(s)
- LLP Agreement in the case of a partnership firm.
- Attested documents in case of proof of ownership.
- Aadhaar Details and PAN details of the applicant.
- ISO Certification.
- Utility bill (electricity and water) – a copy
- Information on the manpower and employees working on the premises.
- The Company’s Annual Audited Financial Statements.
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