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NSIC Registration in India

NSIC stands for National Small Industries Corporation with its sole purpose of promoting the products of Small and Micro Enterprises. NSIC is an enterprise of the Indian Government.

NSIC aims at aiding, promoting, and fostering the growth of MSME (Micro, Small and Medium Enterprises) businesses in India.

These are done through several schemes Single Point Registration Scheme, Performance and Credit rating Scheme, Consortia and Tender Marketing Scheme, etc.

Therefore, NSIC registration is always recommendable to MSMEs to avail several advantages from several schemes under NSIC.

Benefits of NSIC Registration under Single Point Registration Scheme

  • The tender set is issued free of cost;
  • Company registered under NSIC are exempted from EMD (Earnest Money Deposit);
  • Advantages in Tender Participation;
  • Procurement from Micro and Small Enterprises.

Eligibility Criteria for obtaining NSIC Registration

For everybody who is willing to register his/her enterprise under NSIC needs to satisfy the following criteria:

  • Every Micro and Small Enterprises (MSEs) consisting of Udyog Aadhaar Memorandum (UAM)/EM- Part II (Optional) can obtain NSIC registration under its Single Point Registration Scheme (SPRS).
  • MSEs already engaged in production but haven’t accomplished one year of existence can get the Provisional Registration Certificate under the Single Point Registration Scheme. It is provided with the monitory limit of Rs. 5 lakh which stands valid for one year from the date of issuance.

Documents required for NSIC Registration in India

Like any other registrations, NSIC too has mandated the submission of necessary documents as described below:

  • Copy of the PAN card;
  • Certificate of Company’s Incorporation;
  • MOA (Memorandum of Association) & AOA (Articles of Association) of the company;
  • Copy of Acknowledgement of MSME/SSI registration;
  • Declaration from the Director/Proprietor/Proprietor who don’t have any connection with any large scale unit;
  • Details of plant & machinery such as the original value of the asset, date of purchase, etc.;
  • Details of finished goods and raw materials in stock;
  • Copy of ISO 9000 (if any);
  • Copy of BIS (Bureau of Indian Standard) License, if applicable;
  • Self-attested ownership documents;
  • Banker’s report pertaining to the applicant’s financial status;
  • Trading account, audited balance sheet, P&L;
  • List of cities/places where the services will be rendered;
  • Form A obtained from the Registrar of Firms;
  • Other documents as requested.

Procedure for obtaining NSIC Registration Online

You can obtain NSIC registration both online and offline. For online registration of NSIC, you can follow the steps described below:

Step 1: Visit the official portal of National Small Industries Corporation.

Step 2: On the home page, click on the option “Apply Online” on the left side of the page.

Step 3: A new page will appear where you need to fill up the required company details.

Step 4: Once you have filled up the form completely, click on ‘Register’.

Step 5: Pay up the recommended NSIC registration fees.

Step 6: Then, the NSIC will send the duplicate copy of the documents and application to the concerned inspecting agency for the technical inspection.

Step 7: Once the technical report arrives, the NSIC will issue the license.

Registration Charges Involved

Registration Charges

Businesses with turnover

Charges in Rs.

Registration Fees

Micro enterprises with turnover below Rs. 1 crore

Rs. 3000/-

 

Small enterprises with turnover below Rs. 1 crore

Rs. 5000/-

 

Micro enterprises with turnover above Rs. 1 crore

Rs. 3000 + Rs. 1500 for every crore of additional turnovers

 

Small enterprises with turnover above Rs. 1 crore

Rs. 5000+ Rs. 2000 for every crore of additional turnovers

 

Inspection Fees

Micro Enterprises

Rs. 2000

Small Enterprises

Rs 3000

 

Professional Fees

Micro Enterprises

Rs. 6000

Small Enterprises

Rs. 8000

 

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In case you have any questions or wish to apply for NSIC Registration, please click here or fill the inquiry form. You will get a dedicated Call from a CA /CS.

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