{"id":4329,"date":"2022-04-14T09:27:20","date_gmt":"2022-04-14T09:27:20","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4329"},"modified":"2026-07-21T19:16:52","modified_gmt":"2026-07-21T19:16:52","slug":"a-brief-introduction-of-small-scale-industries","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/","title":{"rendered":"Small Scale Industries : NEW Definition of small companies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a6eb81078362\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a6eb81078362\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#The_Ministry_of_Corporate_Affairs_reform_NEW_Definition_of_small_companies\" title=\"The Ministry of Corporate Affairs reform: NEW Definition of small companies\">The Ministry of Corporate Affairs reform: NEW Definition of small companies<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#What_has_changed_in_a_small_company_definition\" title=\"What has changed in a small company definition?\">What has changed in a small company definition?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Meaning_of_small_company\" title=\"Meaning of small company\">Meaning of small company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Why_Is_This_Reform_Important\" title=\"Why Is This Reform Important?\">Why Is This Reform Important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Key_Benefits_Available_to_Small_Companies\" title=\"Key Benefits Available to Small Companies\">Key Benefits Available to Small Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Who_Cannot_Be_Treated_as_a_Small_Company\" title=\"Who Cannot Be Treated as a Small Company?\">Who Cannot Be Treated as a Small Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Impact_on_Startups_and_MSMEs\" title=\"Impact on Startups and MSMEs\u00a0\">Impact on Startups and MSMEs\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#What_are_small-scale_industries\" title=\"What are small-scale industries?\">What are small-scale industries?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Registration_process_for_small-scale_industries\" title=\"Registration process for small-scale industries:\">Registration process for small-scale industries:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#ELIGIBILITY_CRITERIA_FOR_SSI\" title=\"ELIGIBILITY CRITERIA FOR SSI \">ELIGIBILITY CRITERIA FOR SSI <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Manufacturing\" title=\"Manufacturing \">Manufacturing <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Services\" title=\"Services \">Services <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#_Merits_of_registering_your_SSI\" title=\"\u00a0Merits of registering your SSI\">\u00a0Merits of registering your SSI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#DOCUMENTS_REQUIED_FOR_SSI_REGISTRATION\" title=\"DOCUMENTS REQUIED FOR SSI REGISTRATION\">DOCUMENTS REQUIED FOR SSI REGISTRATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#SOME_DEMERITS_OF_SMALL_SCALE_INDUSTRIES\" title=\"SOME DEMERITS OF SMALL SCALE INDUSTRIES \">SOME DEMERITS OF SMALL SCALE INDUSTRIES <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#GOALS_OF_SMALL_SCALE_INDUSTIRES\" title=\"GOALS OF SMALL SCALE INDUSTIRES \">GOALS OF SMALL SCALE INDUSTIRES <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#CHARACTERSTICS_OF_SMALL_SCALE_INDUSTRIES\" title=\"CHARACTERSTICS OF SMALL SCALE INDUSTRIES\">CHARACTERSTICS OF SMALL SCALE INDUSTRIES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#List_of_small_scale_Industries\" title=\"List of small scale Industries\">List of small scale Industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-brief-introduction-of-small-scale-industries\/#Various_products_supplied_by_Small_scale_Industries\" title=\"Various products supplied by Small scale Industries\">Various products supplied by Small scale Industries<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Ministry_of_Corporate_Affairs_reform_NEW_Definition_of_small_companies\"><\/span><span style=\"color: #000080;\"><strong>The Ministry of Corporate Affairs reform: NEW Definition of <\/strong><b>small companies<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10704\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/small-co_edited.jpg\" alt=\"NEW Definition of small companies\" width=\"1176\" height=\"1105\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/small-co_edited.jpg 800w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/small-co_edited-300x282.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/small-co_edited-768x722.jpg 768w\" sizes=\"(max-width: 1176px) 100vw, 1176px\" \/><\/p>\n<div>\n<p>The Ministry of Corporate Affairs reform is\u00a0aimed at expanding the scope of small companies\u00a0under the Companies Act, 2013. This change is expected to provide substantial compliance relief to thousands of growing businesses in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_has_changed_in_a_small_company_definition\"><\/span><span style=\"color: #000080;\">What has changed in a small<b> company definition?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The MCA has revised the eligibility criteria for classification as a small company\u00a0by increasing the limits for<\/p>\n<div class=\"___1dmoc29 f10pi13n ftgm304 f1enuhaj fdclmfp f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1vyiefv f1ddd56o f16vktn6 f1ahpp82 f11qra4b f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f10ghnd0 f8fmt76 fjvbh62 f1qrqxae f1vw5qpk fc02sbz fxawf59 fymf513 f1aoyrul f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f1o0pw0q fbjjl9v fk1v6el f16pyhcb f1ixlhx9 f12zef0i flu5r5u f19haqzy f1owmcxx f1oddm8q f1004tna fcoaxci fh0ee9u f15v23i2 f1dmj53 f1r1gcv9 f14z1veh ffufd3x f1ypplot f1660cg\" style=\"height: 148px;\" width=\"1095\">\n<tbody>\n<tr>\n<th>Particulars<\/th>\n<th>Earlier Limit<\/th>\n<th>Revised Limit<\/th>\n<\/tr>\n<tr>\n<td>Paid-up Share Capital<\/td>\n<td>Up to INR 4 Crore<\/td>\n<td>Up to INR 10 Crore<\/td>\n<\/tr>\n<tr>\n<td>Turnover<\/td>\n<td>Up to INR 40 Crore<\/td>\n<td>Up to INR 100 Crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>This represents a 2.5 times increase in both thresholds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Meaning_of_small_company\"><\/span><span style=\"color: #000080;\">Meaning of <b>small company<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A private company can now be classified as a small company if Its paid-up share capital does not exceed INR 10 crore and\u00a0Its turnover as per the last audited financial statements does not exceed INR 100 crore.\u00a0As a result, many companies that previously fell outside the Small Company category will now become eligible for various regulatory benefits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Is_This_Reform_Important\"><\/span><span style=\"color: #000080;\">Why Is This Reform Important?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The objective behind this reform is to promote the government&#8217;s vision of ease of doing business. Many growing startups, family-owned businesses, consulting firms, manufacturing companies, and service providers typically cross the earlier threshold of INR 40 crore turnover relatively quickly. Such companies were required to comply with more stringent regulatory requirements despite being operationally small or medium-sized businesses. By increasing the limits, MCA has reduced unnecessary compliance burdens and allowed businesses to focus more on expansion and profitability.<\/li>\n<li>The Ministry of Corporate Affairs&#8217; decision to increase the small company thresholds from INR 4 crore to INR 10 crore for paid-up capital and from INR 40 crore to INR 100 crore for turnover is a major business-friendly reform. It extends compliance relief to a much larger segment of private companies, lowers regulatory costs, reduces penalties for certain defaults, and improves ease of doing business.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Key_Benefits_Available_to_Small_Companies\"><\/span><span style=\"color: #000080;\">Key Benefits Available to Small Companies<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Simplified Governance Requirements: Small companies are exempt from several governance obligations applicable to larger entities. Examples include relaxed board report<span style=\"font-size: 16px;\"> requirements. Simplified<\/span><span style=\"font-size: 16px;\"> cash flow disclosures. and an easier<\/span><span style=\"font-size: 16px;\">\u00a0secretarial compliance framework. <\/span>This streamlines internal governance without compromising transparency.<\/li>\n<li>Reduced Compliance Burden: Small companies enjoy several exemptions under the Companies Act. For example: Lesser board meeting compliance requirements., Simplified annual filing provisions and Reduced procedural formalities. This enables management to devote more time to business operations instead of regulatory paperwork.<\/li>\n<li>Lower Filing and Administrative Costs: Companies incur substantial costs towards secretarial compliance, ROC filings, professional certifications, and Legal documentation. Small company status helps in reducing these recurring compliance expenses.<\/li>\n<li>Better Management Bandwidth for Growth: Instead of spending management resources on filing formalities, Procedural approvals, and Extensive governance documentation, businesses can focus on market expansion, product development, customer acquisition, fundraising, and recruitment<\/li>\n<li>Lesser Penalties for Certain Defaults: Section 446B of the Companies Act provides that small companies are subject to lower monetary penalties in case of specified non-compliances. This is particularly beneficial where defaults are procedural rather than fraudulent in nature. For instance: Delay in filing forms, Minor documentation deficiencies, Technical compliance lapses, may attract reduced penalties compared to larger companies.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Who_Cannot_Be_Treated_as_a_Small_Company\"><\/span><span style=\"color: #000080;\">Who Cannot Be Treated as a Small Company?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Even after meeting the above financial limits, the following are not considered small companies: public companies, holding companies, and subsidiary companies. Companies registered under Section 8 (Non-profit Companies), Companies governed by any special Act. Therefore, the benefits mainly apply to eligible private limited companies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Impact_on_Startups_and_MSMEs\"><\/span><span style=\"color: #000080;\">Impact on Startups and MSMEs\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The amendment is particularly beneficial for<\/p>\n<ul>\n<li>Startups: Many funded startups quickly exceed the old capital threshold of INR 4 crore. The revised INR 10 crore limit allows them to continue enjoying compliance relaxations for a longer period.<\/li>\n<li>MSMEs: Growing manufacturing and trading businesses with turnover between INR 40 crore and INR 100 crore now qualify for small company status.<\/li>\n<li>Professional Firms and Service Companies: Consulting, technology, digital marketing, and outsourcing businesses experiencing high revenue growth can also benefit.<\/li>\n<\/ul>\n<p>In simple terms: More companies are now eligible to be treated as &#8220;Small Companies,&#8221; meaning less compliance, lower costs, reduced penalties, and more focus on growth and expansion. This is a welcome step towards building a more business-friendly and self-reliant India<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4331\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/04\/A-Brief-Introduction-of-Small-Scale-Industries.jpeg\" alt=\"A Brief Introduction of Small Scale Industries\" width=\"1094\" height=\"719\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_small-scale_industries\"><\/span><span style=\"color: #000080;\"><strong>What are small-scale industries?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Small scale industries is a type of industry that engage in services of micro, small scale manufacturing and production, providing services. Small scale industries provide employment and make use of local physical resources too, hence they are necessary for economy. These are the industries that manufacture and provide services using a certain amount of limited investment. These include industries like candles, paper bags, school products, small toys , beauty parlor etc. To avail the services offered by GOI, Small scale industry shall be registered.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Registration_process_for_small-scale_industries\"><\/span><span style=\"color: #000080;\"><strong>Registration process for small-scale industries:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Apply for provisional registration &#8211; In order to provide working capital to small-scale industries, the certificate is given in the pre-operative period. , a provision registration is given without physically inspecting the place of business.<\/li>\n<li>Start a business: A provisional certificate remains valid for 5 years. It is to be made sure that the operations of firm are being run during this time.<\/li>\n<li>Application for permanent certificate registration: If after this 5 years, the firm remains operational, the firm can apply for a permanent certificate from ministry of Micro, small and medium enterprise.<strong>\u00a0<\/strong><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"ELIGIBILITY_CRITERIA_FOR_SSI\"><\/span><span style=\"color: #000080;\"><strong>ELIGIBILITY CRITERIA FOR SSI <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Following are two types small scale Industries<\/strong><strong>\u00a0<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Manufacturing\"><\/span><strong><span style=\"color: #000080;\">Manufacturing<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 112px;\" width=\"1095\">\n<tbody>\n<tr>\n<td width=\"94\"><strong>Micro <\/strong><\/td>\n<td width=\"836\"><strong>The investment in plant and machinery shall be less than 25 lakh.<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Small<\/strong><\/td>\n<td width=\"836\"><strong>The investment in plant and machinery can be 25 lakh or above but should not be greater than 5 crore. <\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Medium <\/strong><\/td>\n<td width=\"836\">The investment in plant and machinery can be Rs.5 crores\u00a0 or above but not exceed Rs.10 crores<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Services\"><\/span><strong><span style=\"color: #000080;\">Services<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 87px;\" width=\"1079\">\n<tbody>\n<tr>\n<td width=\"170\"><strong>Micro<\/strong><\/td>\n<td width=\"760\">The investment in the equipment shall be less than 10lakhs.<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>Small<\/strong><\/td>\n<td width=\"760\">The investment in the equipment can be more than or equal to 10 lakh but does not exceed 2 crore.<\/td>\n<\/tr>\n<tr>\n<td width=\"170\"><strong>Medium<\/strong><\/td>\n<td width=\"760\">The investment in the equipment can be more than 2 crore but less than 5 crore.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><\/h4>\n<table style=\"height: 108px;\" width=\"1107\">\n<thead>\n<tr>\n<td colspan=\"4\"><span style=\"color: #000080;\"><strong>Revised MSME Classification<\/strong><\/span><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Conditions\/Criteria<\/strong><\/td>\n<td><strong>Micro<\/strong><\/td>\n<td><strong>Small<\/strong><\/td>\n<td><strong>Medium*<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Investment &amp; Annual Turnover<\/td>\n<td>&lt; Rs.1 Cr &amp; &lt; Rs.5 Cr<\/td>\n<td>&lt; Rs.10 crore &amp; &lt; Rs.50 crore<\/td>\n<td>&lt; Rs.50 crore &amp; &lt; Rs.250 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"_Merits_of_registering_your_SSI\"><\/span><strong>\u00a0<\/strong><span style=\"color: #000080;\"><strong>Merits of registering your SSI<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The raw material is accessed easily.<\/li>\n<li>The credit is easily accessible<\/li>\n<li>Loans are offered at low rate of interest<\/li>\n<li>The incentives are given by state government<\/li>\n<li>Units of SSI can carry forward MAT for up to 15 years.<\/li>\n<li>Favor for government license and certificate.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"DOCUMENTS_REQUIED_FOR_SSI_REGISTRATION\"><\/span><span style=\"color: #000080;\"><strong>DOCUMENTS REQUIED FOR SSI REGISTRATION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Partnership deed, AOA and MOA.<\/li>\n<li>Address proof<\/li>\n<li>NOC by pollution control committee<\/li>\n<li>Bill copies of machinery and raw material and other things.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"SOME_DEMERITS_OF_SMALL_SCALE_INDUSTRIES\"><\/span><strong><span style=\"color: #000080;\">SOME DEMERITS OF SMALL SCALE INDUSTRIES<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Managerial issue<\/li>\n<li>Shortage of Raw material<\/li>\n<li>Inadequate finance<\/li>\n<li>Hassle in import and Export<\/li>\n<li>Scarce infrastructure<\/li>\n<li>Shortage of technology upgrade<\/li>\n<li>Shortfall in market support.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"GOALS_OF_SMALL_SCALE_INDUSTIRES\"><\/span><strong><span style=\"color: #000080;\">GOALS OF SMALL SCALE INDUSTIRES<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>It gives the statistics of the units of SSI working in India.<\/li>\n<\/ul>\n<ul>\n<li>Generate various opportunity for employment<\/li>\n<li>Solves unemployment problems<\/li>\n<li>Equal distribution of wealth and income<\/li>\n<li>Improves standard of living of people<\/li>\n<li>Be self alliant<\/li>\n<li>Have lower regional imbalance<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"CHARACTERSTICS_OF_SMALL_SCALE_INDUSTRIES\"><\/span><span style=\"color: #000080;\"><strong>CHARACTERSTICS OF SMALL SCALE INDUSTRIES<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Short-range: These industries do not function on a significant scale.<\/li>\n<li>Ownership: these are mainly owned by a sole proprieter or a partnership<\/li>\n<li>Resources: these industries are mainly located where resources are available without much difficulty, saving the cost of transportation for utilization of resources.<\/li>\n<li>Flexibility: The dynamic environment doesn\u2019t really affect these small scale Industries.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"List_of_small_scale_Industries\"><\/span><span style=\"color: #000080;\"><strong>List of small scale Industries<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Repair services<\/li>\n<li>Leather products<\/li>\n<li>Hosiery and garments<\/li>\n<li>Metal products<\/li>\n<li>Rubber and plastic products<\/li>\n<li>Non-metallic mineral products<\/li>\n<li>Transport equipment and parts<\/li>\n<li>Repair services<\/li>\n<li>Miscellaneous manufacturing industries<\/li>\n<li>Electrical machinery and parts<\/li>\n<li>Food products<\/li>\n<li>Paper products and printing<\/li>\n<li>Cotton textiles<\/li>\n<li>Basic metal industries<\/li>\n<li>Jute, hemp, and Mesta Textiles<\/li>\n<li>Wool, Synthetic Fiber, silk textiles<\/li>\n<li>Machinery and parts for electrical goods<\/li>\n<li>Beverages and tobacco products<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Various_products_supplied_by_Small_scale_Industries\"><\/span><span style=\"color: #000080;\"><strong>Various products supplied by Small scale Industries<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Hosiery goods<\/li>\n<li>Paints and Varnishes<\/li>\n<li>Preserved vegetables and foods<\/li>\n<li>Safety matches<\/li>\n<li>Domestic utensils<\/li>\n<li>Stationery items \u2013 Detergents and Soaps<\/li>\n<li>Plastic and rubber goods<\/li>\n<li>Leather and leather goods<\/li>\n<li>Toothpaste and toothpowder<\/li>\n<li>Sheet metal goods<\/li>\n<li>Ready-made garments<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs reform: NEW Definition of small companies The Ministry of Corporate Affairs reform is\u00a0aimed at expanding the scope of small companies\u00a0under the Companies Act, 2013. This change is expected to provide substantial compliance relief to thousands of growing businesses in India. What has changed in a small company definition? The MCA &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[848],"tags":[883],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4329"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4329"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4329\/revisions"}],"predecessor-version":[{"id":10702,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4329\/revisions\/10702"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}