MSME REGISTRATION
MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail of the benefits under the MSMED Act from the Central or State Government and the Banking Sector, MSME Registration is required.
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small, and Medium-sized enterprises with a host of benefits and access to subsidies and schemes.
Benefits of MSME Registration:-
MSME Registration is beneficial for businesses at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption schemes, tax subsidies, power tariff subsidies, capital investment subsidies, and other support. Secretarial Pro can help your business obtain MSME Registration to avail of a host of benefits.
IMPORT EXPORT CODE (IEC) REGISTRATION
If you intend to do the export and import of goods and services in India then make your import, export of goods and services safe from custom duty by taking IE Code from Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India by filing an application along with the necessary supporting documents with them. Once the application is submitted, DGFT will issue the IE Code for the entity within 10 – 15 working days.
Why is it required?
⦁ Importers Require IE Code:- All Importers who import goods into India require an IE Code. The IE Code must be quoted while clearing customs. Also, banks require the importer’s IE Code while sending money abroad.
⦁ Exporters Require IE Code:- All Exporters who export goods or services from India require an IE Code. The IE Code must be quoted while sending shipments. And banks require the exporter’s IE Code while receiving money from abroad.
⦁ No renewal:- IE Codes once issued can be used by the entity throughout its existence and don’t require any renewal.
⦁ No Return Filing:- IE Code does not require the filing of any return. Once, an IE Code is issued there are no further procedures required to maintain the validity of the IE Code. Even if import or export transactions occur, there are no filings required to DGFT
ISO CERTIFICATE
The International Organization for Standardization (ISO) is an international standard-setting body composed of representatives from various national standards organizations.
ISO International Standards ensure that products and services are safe, reliable, and of good quality. For businesses, they are strategic tools that reduce costs by minimizing waste and errors and increasing productivity. They help companies to access new markets, level the playing field for developing countries, and facilitate free and fair global trade.
Benefits of ISO International Standards?
ISO International Standards ensure that products and services are safe, reliable and of good quality. For business, they are strategic tools that reduce costs by minimizing waste and errors and increasing productivity. They help companies to access new markets, level the playing field for developing countries and facilitate free and fair global trade.
FAQ's
ISO Certification is a seal of approval from a 3rd party body that a company runs to one of the internationally recognized ISO management systems. The certification can be used to tender for business as proof of a company’s credibility but also to install confidence in the potential client that you will keep your promises.
ISO certification is a statement to your stakeholders, employees, and senior management that the business wishes to operate to a set framework in order to achieve its company objectives. Be this customer satisfaction objective, production objectives or environmental objectives, etc. By setting yourselves the task of maintaining an external certification you are proving the company’s commitment to these objectives as well as increasing the credibility and customer confidence in the brand/service or product.
For example, by running a quality management system, a company can stay in control of its processes and procedures, ensure if anything does go wrong it is rectified quickly, efficiently, and to the satisfaction of the customer. It can also ensure a smooth line of communication between employees, suppliers, and customers at all times.
Many public and private sector tenders request ISO certification as either a pre-requisite to moving to the next stage or as a filter to remove companies from the tender process. By achieving the ISO certification that your customers give weight to, ensures that you are on a ‘level playing field’ with your potential competitors and improves your chances of successfully tendering. Many companies we work with report a major internal efficiency improvement which allows them to achieve greater results both in a sales and operational capacity.
ISO 9001 is a quality management system that can be integrated into any business. It is focused on ensuring the business delivers a consistent level of quality to its customers by having well-defined and regularly reviewed processes and procedures. The system fully integrates within the existing business procedures and becomes part of the culture within the organization. Eventually, a business will not perform a task to conform to the ISO 9001, it will perform the task for the good of the business. The system covers eight main business principles which are:
1)Customer focus
2) Leadership
3) Involvement of people
4) Process approach
5) System approach to management
6) Continual improvement
7) Factual approach to decision making
8) Mutually beneficial supplier relationships
ISO 14001 is an environmental management system that can be integrated into any business. The main focus of an environmental management system is to reduce costs, reuse resources and if unable to reuse, recycle as much as possible. It forces a company to be aware of and control the aspects of the business which have an environmental impact. It can highlight areas within the business that have high consumption and/or wastage, therefore, leading to cost savings, and in certain industries ensure the company is maintaining its legal and regulatory requirements.
As it’s nearly impossible to expect a company to be 100% environmentally friendly, the system is focused on encouraging a business to either reduce the use of raw materials or if this is not possible to maintain the usage of these materials on an ongoing basis. The system allows the company to set its own targets, therefore, allowing you to create achievable objectives without compromising the general day-to-day activities of the business.
An ISO 27001 information security management system is a systematic and pro-active approach to effectively managing risks to the security of your company’s confidential information. The system promotes efficient management of sensitive corporate information, highlighting vulnerabilities to ensure it is adequately protected against potential threats. It encompasses people, processes, and IT systems. An ISO 27001 certification can be achieved by any business of any size, in any given sector, which is looking to increase and enhance the company’s security of its data.
IEC Stands for “Importer Exporter Code”
No. IEC forms a primary document for recognition by Govt. of India as an Exporter/ Importer.
MSME Registration is beneficial for businesses at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption schemes, tax subsidies, power tariff subsidies, capital investment subsidies, and other support.
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small, and Medium-sized enterprises with a host of benefits and access to subsidies and schemes.
