Micro, Small and Medium Enterprises (MSME) Registration provides benefit to the individual/companies who fall under the investment limit decided by the Government.
Defunct Company A defunct company can be defined as a company who has not been in business either since one year of its incorporation or has failed to deliver any business in the preceding two financial years.
Next, you are supposed to file about the company and the required loan account according to your business Step - 4: After filling the form, you are supposed to wait for the approval from the government.
Exemption Under the Act As per the provision of the act following companies are exempted from obtaining shop and establishment license: Establishment of legal Practitioner Foreign News Agencies Stalls in central and state government fairs or Exhibition that are organised simply for development of industries and science.