NSIC REGISTRATION

NSIC registration helps in the expansion of smaller enterprises expand to access government tenders, subsidies, and special benefits. It aids in facilitating financial assistance, procurement, and growth of smaller enterprises-furnishing the competitive advantage and additionally realizing the goal of independent entrepreneurship in India.
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Service Overview

Small businesses may register with the National Small Industries Corporation (NSIC) for receiving government tenders, funding, and marketing support. It supports Make-in-India drive in India but also promotes the growth of SMEs ensuring they remain competitive in public procurement.

‍Challenges of Filing for a Private Limited Company

Complex Procedures
The formation of the private limited company is quite complex as it requires many legal formalities.
Time-Consuming
Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.
Share Limit
In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.
Business Commencement
Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

‍Challenges of Filing For NSIC REGISTRATION

Documentation and Compliance Clarity
The paperwork and compliance requirements for NSIC registration can be complex, especially for first-timers, causing delays and creating confusion in the application process.
Understanding Eligibility Criteria
Lack of clarity on eligibility criteria can lead to rejection of applications, thereby causing frustration to small-scale businesses trying to effectively leverage NSIC benefits.
Lack of Guidance in Tender Processes
Businesses also find themselves at a loss about the tender process under NSIC registration, thus limiting their ability to get government contracts successfully.
Lack of Awareness About Benefits
Many SMEs do not know about the benefits under NSIC registration, so they miss opportunities for subsidies, tenders, and financial assistance.

Advantages of NSIC REGISTRATION

Government Tender Access
Registration under NSIC allows small-scale industries to bid for government tenders which, in turn, boosts their visibility and provides assured business opportunities for long-term sustenance.
Financial Assistance
Finance schemes that include credit facilitation are made available to registered SMEs, helping them maintain cash flow and expand their operations smoothly.
Preference in Public Procurement
NSIC-registered SMEs are given priority under public procurement policies, enabling them to compete with large companies for government contracts.
Marketing and Branding
These businesses enjoy marketing support from the government, ensuring broader reach for their products and better market credibility.

Service Process

01
Eligibility Verification
The NSIC must verify that your business conforms to its eligibility criteria to enable registration smoothly.
02
Documentation
Documents needed in this step include MSME registration certificates, GST details, and audited financial statements.
03
Application Submission
Applications and requisite documents shall be submitted to the NSIC office, or online, to initiate review.
04
Third-Party Inspection
Third-party inspection if necessary for item inspection from stores whereby the unit chooses a suitable inspection agency.
05
Certification Approval
Applications shall be verified and checked, after names were approved by NSIC, registration certification shall be granted.
06
Renewal and Updates
Make sure that renewal takes place on time, and all change updates are furnished to avail the NSIC benefits.
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Service Process

Consultation
We will have a consultation regarding your business vision and requirements to decide on whether the private limited company fits you well.
Documentation
We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.
Registration
We will then forward all the necessary documents to the Registrar of Companies as required for registration.
Support
We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.
Compliance:
We will assist you in maintaining a continuing compliance with all legal and regulatory standards.
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Service Process

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Expertise in navigating complex registration processes for hassle-free experiences.

Timely service delivery ensures you meet deadlines effectively.

Comprehensive support for documentation and compliance requirements.

Unwavering commitment to transparency and customer satisfaction.

Why Choose JR Compliance?

Service Breakdown

Eligibility

Eligibility

MSME Registration: Must have valid MSME registration under Udyam.
Operational Status: Active businesses with audited accounts for the last two years.
Industry Category: Must belong to the small or micro-scale industry category.
Compliance with GST: Registered and compliant under GST regulations.

Documents

Documents

Audited Financial Reports: Audited balance sheets and profit-loss statements for the last two financial years.
GST Registration Certificate: A valid GST registration certificate to verify tax compliance.
Udyam Registration Certificate: Proof of MSME registration under the Udyam portal is mandatory.
Bank Account Details: Cancelled cheque or bank statement to confirm business account details.

Who Needs

Who Needs

Small Manufacturing Units: To access government tenders and financial benefits.
Export Businesses: For marketing assistance and global reach opportunities.
Service Enterprises: To gain financial aid and secure public procurement.
Startups and SMEs: For growth opportunities through government schemes.

Creating

Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes and guide client properly.
Kartik Shah
Published on 4 March 2024
We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been exemplary.
P N Dhawanjewar
Published on 4 March 2024
We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.
K Narayanan
Published on 4 March 2024
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FAQ

What is the purpose of NSIC registration?
NSIC registration enables small businesses to access government tenders, financial aid, and marketing support, helping them grow and compete in the market.
Who can apply for NSIC registration?
Small-scale and micro-enterprises with valid MSME registration and operational status can apply, provided they meet eligibility criteria.
How long does the NSIC registration process take?
The NSIC registration process typically takes 15–20 working days, subject to accurate documentation and verification.
Can NSIC registration be renewed?
Yes, NSIC registration requires timely renewal to continue accessing government schemes and associated benefits.
Are there fees for NSIC registration?
Yes, the registration fee depends on your business turnover and other applicable charges, which vary for different businesses.

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