Single Point Registration Scheme – Apply, Benefits, Eligibility, Registration Fees, Document 2022

single point registration scheme - How to Apply SPRS

In this post, we will discuss the benefits of single-point registration, eligibility for the single-point registration scheme, how to apply for the single-point registration scheme, the single-point registration fee, and the documents required for single-point registration.

What is Single Point Registration Scheme?

Friends, let us tell you that the registration of small-scale industries is done by the National Small Industries Corporation (NSIC) under its single-point registration scheme. so that the small-scale industries registered by the government can buy products from small-scale industries on the basis of the government’s procurement policy. Let us tell you that the only major buyer of many goods in India is the government of India. The Store Shopping Program was established in 1955–56 to increase the share of goods produced by small-scale industries in this purchase. In 2012, some amendments were made to make it useful for small-scale industries.

Benefits of Single Point Registration

  • Friends, the units to be registered under the Single Point Registration Scheme will be able to get the benefits as per the Public Procurement Policy 2012 for Micro and Small Enterprises.
  • There is a provision to get a 20% share in the purchase even if the quotation given by small-scale industries for participating in the tender is 15% more than the price of other big companies.
  • Small-scale industries are exempt from paying earnest money.
  • Issuance of cost-free tenders
  • From April 1, 2015, central ministries and departments, as well as public sector undertakings, must follow the government procurement policy, which requires 20% of purchases to come from ultra-small and small-scale industries, as well as units belonging to scheduled castes and scheduled tribes.
  • Aside from that, 358 items from small-scale industries have been reserved for purchase.

Eligibility for Single Point Registration Scheme:

  • Let us inform you that the director of small-scale industries is registered with the District Industries Center as a manufacturer or service provider. And they have acknowledged the Entrepreneur Memorandum Part II. Such units are eligible for registration under the Single Point Registration Scheme.
  • These small-scale industries have begun production, but they are only a year old. Such units may be issued a periodic certificate with a monetary value of Rs. 5 lakh and a validity of one year under the single-point scheme.

How to Apply SPRS

Let us tell you that entrepreneurs associated with small-scale industries can apply both online and offline to connect their enterprise with the single-point registration scheme. So let’s talk about both online and offline methods.

Online: Friends, to apply online, you have to visit the website of the NSIC. After that, you have to fill in all the details asked for in the form, attach the required documents, and submit.

Offline: To apply offline, you have to first download the application form from this link. After that, fill in your details in this form and submit the required fee receipt and other documents to the nearest branch office of NSIC.

SPRP Registration Fee

  • You must know that the registration fee will be decided as per the turnover in the latest audited balance sheet. Friends, the fees for various industries are as follows:
  • Friends, if the turnover of a business is up to Rs 1 crore, the single-point registration scheme fee will be Rs 5,000.
  • If a company’s turnover exceeds Rs 1 crore, an additional registration fee of Rs 5000 is levied on the first Rs 1 crore and Rs 2000 per crore after that.
  • For your information, let us tell you that service tax is not included in the registration fee, so it will be applicable separately.
  • If the entrepreneur makes any modification in the quantity or quality of the machinery, in this case, 50% of the fee paid for changing the monetary limit in the certificate will be charged to you.
  • A fee of Rs. 5,000 is required to obtain an eligibility certificate. Aside from that, inspection fees and taxes will be added.
  • SC/ST units will be given a subsidy of up to 20% in fees. However, no subsidies will be included in the inspection agency’s fees.
  • The inspection fee has been fixed at Rs 6,000 for small-scale industries and Rs 8,000 for small-scale industries. which will be taxed separately.

Procedure for calculation and determination of monetary limit of micro and small enterprises.

The determination and calculation of the monetary limit of small-scale industries depend on their sales turnover. Therefore, under the Single Point Registration Scheme, the financial limit is fixed on the basis of the company’s turnover over the last three years.

In the last three years, the monetary limit was fixed according to the year in which there was the most turnover. because the unit may have reduced its operating capacity or machinery in the previous year. If the unit has not made any shortfalls in machinery and equipment, the monetary limit of the unit will be 50% of the highest turnover in the last three years. If the plant and machinery were deducted by the entrepreneur by more than 10%, then the monetary limit of that unit would be as follows:

If the turnover of the business is increasing every year and the business is making good profits, then 50% of the previous year’s turnover will be its monetary limit.

If the company has lost money for the first time in three years, the monetary limit will be 40% of the three-year average turnover.

Documents for registration under Single Point Registration Scheme

  • Copy of acknowledgement for Entrepreneur Memorandum Part II
  • list of manufactured goods and raw materials available in stock
  • A self-attested copy of the ownership or lease deed
  • copy of the latest electricity bill.
  • copy of the BIS certificate, if applicable.
  • List of employees engaged in your business
  • copy of the PAN card.
  • list of equipment and facilities used by quality control
  • Entrepreneur Declaration, in which it is stated that the entrepreneur has no ties to any large sector industry.And if there is any relation, then its details have to be filled in that declaration.
  • a copy if the unit is registered with the Directorate General of Supply and Disposal Headquarters (DGS&D) or any other government organization.
  • If applicable, details of the places where the services are being provided by the unit after the goods are sold
  • an audited balance sheet containing a profit and loss statement.
  • statement of account for the last three years, signed and stamped by the authorized person.

Document proof for firm position

To get registered under the Single Point Registration Scheme, different documents have to be shown or submitted for different businesses.

If the small-scale industry is being run under a small-scale industry partnership, then you will also need these documents.

    • Attorney General Power of Partners
    • Form-A from the Registrar of Firms in the name of Partners
    • Partnership Deed.

If it is a private limited company

Single Point Registration Scheme - How to Apply SPRS

  • Certificate of Incorporation duly attested.
  • The names, addresses and details of the directors’ shareholding.
  • Duly attested Memorandum and Articles of Association.
  • Board resolution ready for application and document signatory.

for co-operative societies

  • Certificate of registration of societies.
  • Copies of the rules of the Society.
  • Names, addresses and details of their shareholdings of the members.
  • Present Certificate of Society from Registrar of Societies.
  • Subscribe to authorized share capital and share capital details.
  • Society’s resolve to register under Government Procurement Policy.
  • Society’s resolution to the signatory to the application and documents.

Documents for renewal of registration

The following documents will be required while renewing the registration done under Single Point Registration Scheme.

  • Original copy of old certificate.
  • Copy of Entrepreneur Memorandum Part-II.
  • Details of orders received and completed from the government in two years on the letter head of the firm.
  • Audited Balance Sheet of the last three years.
  • Annexure ‘C’ of the application form signed by CA.
  • List of machinery added and removed in the plant after initial registration.
  • Annexure D signed by Micro Small Scale Industries, Small Scale Industries and
  • The unit whose monetary limit is more than 10 crores, and that unit has not been inspected by NSIC or agency, in this case renewal will not be done before inspection. And the inspection fee will be as follows.
  • The inspection fee for micro enterprises will be Rs 6000. This includes travel expenses and service tax.
  • Inspection fee for small scale industries will be Rs 8000. This includes travel expenses and service tax.

Also Read : Documents Required for MSME Loan

So how did you like this post today, to read more such posts keep visiting our website msmestory.com Thanks

 

Leave a comment

18 − six =