National Small Industries Corporation or NSIC is a Government enterprise under MSME (Ministry of Micro, Small and Medium Enterprises). It helps in promoting, aiding, and fostering the growth of MSMEs in India by providing various schemes. To take the benefits of the schemes, the MSME has to register itself under NSIC. In this blog, we shall discuss the steps for NSIC registration online and offline.
What is the NSIC registration certificate?
The business owner receives an NSIC certificate from the government after the submission of the NSIC registration application and approval of the same. The certificate is valid for two years and can be easily renewed after its expiry.
NSIC Registration Process
Both service and manufacturing units that have MSME or Udyog Aadhar registration are eligible for obtaining NSIC registration. The eligible enterprises can apply for registration by applying at the NSIC office. On the submission of the application, the NSIC forwards it to the Zonal, sub-zonal, or branch office nearest to the applicant for technical inspection of the unit. After receiving the inspection report, an MSME unit is granted NSIC registration.
The fees for NSIC registration in India is based on the turnover of the business as per the latest financial statements. Furthermore, NSIC registration charges are divided into three parts, namely, registration charges, inspection fee, and professional fee.
The registration charges are entirely based on turnover and MSME classification.
Turnover of less than Rs. 1 Crore: micro enterprises having a turnover of less than Rs. 1 crore, are charged a fee of Rs. 3000. However, small enterprises having a turnover of less than Rs. 1 crore are charged Rs. 5,000.
Turnover of more than Rs. 1 Crore: micro enterprises having a turnover of more than Rs. 1 crore are charged a fee of Rs. 3,000 plus Rs. 2,000 extra for every additional Rs. 1 crore of turnover. And small enterprises having a turnover of more than Rs. 1 crore are charged Rs. 5,000 plus Rs. 2,000 extra for every Rs. One crore in turnover. The total cap for NSIC registration charges is Rs. 1 lakh.
An inspection fee is also charged by the inspecting agency. These charges are set at Rs. 2,000 for micro and Rs. 3,000 for small enterprises.
The professional fee is paid to RITES limited and Consultancy Development Centre for undertaking the physical inspection. A professional fee is Rs. 6,000 for micro-enterprises and Rs. 8,000 for small enterprises.
Documents Required for Registration
The following are the documents required for obtaining NSIC registration in India:
- MSME registration acknowledgement copy
- Details of plant, machinery, and raw material with the purchase price
- Performance statement
- List of raw material and finished products in stock
- BIS license copy, if applicable
- Copy of ISO 9000, optional
- Self-attested documents to prove ownership of the office premises or lease deed
- Latest electricity bill
- Copy of PAN
- Certificate from the partners, directors, or proprietors whether or not they have a link with large scale enterprises
- List of technical personnel employed in the production
- The item for which registration is required with detailed specification
- List of quality control equipment and testing facility available
- Audited Trading Account, PNL, and Balance Sheet
- Account report for the last three years with the signature of the authorized person
- Copy of type test report from an independent lab.
- Partnership deed
- Certificate of company incorporation
- Form A from Registrar of Firms, showing the partners’ names
- MOA and AOA
NSIC Registration Process
The following is the process for online NSIC registration:
- Visit the official NSIC website, here.
- Next, click on online registration for GP.
- Fill up all the required details in the form and press save and continue.
- Complete the process for NSIC registration fees.
- Last, click the submit button and submit the NSIC registration application from.
The following is the procedure for NSIC registration offline mode:
- Download the NSIC Registration Application Form from the NSIC website.
- Fill all the required details in the form.
- SMEs are required to submit the NSIC application form along with all the required documents and essential fees to the Zonal/Branch/ and Sub Office
- Send the form to the concerned officials with the requisite/imperative documents and investigation charges to the concerned Inspection Agency.
- After getting the inspection report, NSIC will issue the GP registration certificate to the business.