Company is in small scale industry and it wants to become a medium scale so could you please let me know the process for it, its advantages or disadvantages if we want the changes to be done in Udyog Adhaar. Please confirm and let me know
14th June 2019 From India, Pune
The classifications of firms into - micro, small, medium & large scale units mostly based on their size of inventory in P & M, Gross assets & Net Assets apart from Turnover over the years. Remaining at Micro & Small scale firms helps such firms to be eligible for trade related benefits such as, priority to loans from banks (working capital & term loans), concessional rate of interest, waiver of certain compliance procedure, shorter collection of trade dues, entitlement to over due interest on dues by purchasers pending beyond certain cutoff periods involved in credit sales etc. Yes you graduate to the next levels there is danger of losing these benefits one after another. While micro & small scale firms stand benefited compared to their contemporaries in the next level it may not be necessary to check your growth opportunities/promises to achieve better in your endeavours. We come across many mergers, amalgamations, take overs etc which happens only aimed at better growth & expand.
Notes on MSME is attached for your info.
15th June 2019 From India, Bangalore

Attached Files
Membership is required for download. Create An Account First
File Type: pdf FAQ - Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006).pdf (42.8 KB, 7 views)
File Type: docx Gist of the Act.docx (19.9 KB, 8 views)
File Type: pdf MSMED salient features.pdf (437.5 KB, 7 views)
File Type: pdf MSMED_classification.pdf (727.0 KB, 6 views)

logo भारत सरकार
सूक्ष्म , लघु और मध्यम उद्यम मंत्रालय
Government Of India
Ministry of Micro, Small & Medium Enterprises
Dear Friends,
In last five years we have taken many measures in improving the ecosystem of Micro, Small and Medium Enterprises (MSMEs) by way of changes in policies, programmes & Schemes and redressal of grievances.
We are even more encouraged to bring about changes which improve 'Ease-of-doing-Business' and thus achieve Government of India’s commitment for 'Ease of Living'.
We request you to give us ideas which are impactful to bring about this effect. We have devised a short 'online form' in which you can give your idea/suggestions.
Please Click here to write to us.
https://my.msme.gov.in/MyMsme/Survey...kValidate.aspx
Ministry of Micro, Small & Medium Enterprises <no-reply@sampark.gov.in>
15th June 2019 From India, Bangalore
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™