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MSME registration, which stands for Micro, Small, and Medium Enterprises registration, is a government initiative designed to support and promote small and medium-sized businesses in various countries, including India. This registration provides businesses with numerous benefits, including access to financial assistance, preferential treatment in government procurement, and various subsidies and incentives. To qualify for MSME registration, businesses must meet certain criteria based on factors like investment in plant and machinery or annual turnover. The registration process typically involves submitting the necessary documents and details to the relevant government authority, which varies by country. MSME registration plays a vital role in fostering economic growth and employment opportunities.
Ronak Jhuthawat & Co key offerings also include setting up compliances, approvals from all the government departments including approvals from the Registrar of Companies, Ministry of Corporate Affairs, Reserve Bank of India (RBI), Director General of Foreign Trade (DGFT), FDI, Retail, Trading, Non-banking finance companies etc.
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