NIC Codes Under UDYAM Registration

National Industrial Classification code is also known as NIC Code is an inevitable statistical standard designed to analyse and compare contribution of each business entity in the asset development of the Indian Government. An accumulative data of multiple firms is used to measure economically active populace and its conveyance, arrange different types of labour, work insights of the distinctive fields, and other financial information, such as national salary.  The NIC… Read More »NIC Codes Under UDYAM Registration

UDYAM Registration Benefits

The concept behind introducing UDYAM Registration was to simplify the procedural format to register their business under Micro Small Medium Enterprise or MSME. UDYAM Registration is also known as MSME Registration, a government registration that is provided along with a recognition certificate & a unique number. This is to certify small/medium businesses or enterprises. The new procedure for registration of micro, small and medium enterprises (MSMEs) in the name of… Read More »UDYAM Registration Benefits

MSME SAMADHAAN – How to Recover Pending Dues From Customers by MSME Vendors

MSME Samadhaan Portal was established to entitle all the micro and small-scale enterprises of India. It enables micro & small business owner to directly register their cases related to delayed payments. MSMED (Micro, Small and Medium Enterprise Development) Act, 2006 covers the provisions to deal with delayed payment cases to Micro and Small Enterprises (MSEs). According to the provisions, the buyer is responsible to pay compound interest with monthly rests… Read More »MSME SAMADHAAN – How to Recover Pending Dues From Customers by MSME Vendors