In the MSME sector, Sapphire & Sage Law Offices provides a strategic and quick advice to Micro, Small and Medium Enterprises in India on different aspects of the act. Our lawyers have in-depth knowledge of all laws and regulations governing the challenging MSME sector.
The Micro, Small and Medium Enterprises drive the economy of a country towards progress and development. The capital costs of employment potential in these enterprises are low whereas their labour strength is greater than larger enterprises. Micro scale, Small and Medium sized enterprises in both the production & service sector can get MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for government schemes and lower rates of interest, Easier, faster, and cheaper bank loans, ISO expenses reimbursement, up to 50% subsidy on patent registration/ Trademark registration, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Along with the above-mentioned MSME Act gives you the Right to Payment.
Our well-resourced law firm provides the full-range of legal and supportive services for these enterprises located across the country, essentially including the expert and economical service for MSME registration, for secure and profitable engagement in the desired economic field. In addition to proficient MSME registration, we also extend the services for MSME, which relate to necessary approvals & clearances from regulatory bodies, quality certifications, business management, financial assistance from any industrial or commercial bank, planning and market research for further growth, and legal recourses for recovery of dues and defaults.