Re-register Under Udyam
A new way of identifying, classifying, and registering MSMEs was declared by the Union Ministry of Micro, Small, and Medium Enterprises (MSME). It is called 'Udyam Registration'. The word came out on 26 June 2020 and was eventually placed into action on 1 July 2020.
Udyam Registration is a form of government registration that is issued with a certificate of recognition and a unique number for the certification of MSMEs, and hence a registered company would be named Udyam. Any entrepreneur who wants to register can file for Udyam Registration online through the Udyam Registration Portal. After registration, a permanent identification number and e-certificate, known as 'Udyam' will be assigned.
Classification Of Enterprises After Re-registering Under Udyam
If an entrepreneur wants to start a micro, small, or medium-sized enterprise Udyam Registration can be filed online in the Udyam Registration portal on the basis of self-declaration, with no requirement to submit records, papers, certificates, or proofs.
Upon registration, a company also referred to as Udyam Registration will be allocated to start a new Udyam Company with a permanent unique identity. Once the registration process is complete an e-certificate will be issued by the name of the Udyam Registration Certificate
Benefits Of Re-registering Under Udyam
The Government of India has announced various benefits to avail the benefits afterregistering under Udyam
- Loans without collateral
- Subsidy for the industrial promotion & registration of patents
- Electricity Concession
- Helps to Have Government Tenders
- Getting licenses, approvals, and registrations is easy
- For exemption under Direct Tax Laws
- Taking place in regional trade fairs
Process Of Re-register Under Udyam
For those who have already registered their MSME into Udyog Aadhaar need to re-register their business under Udyam. You can re-register your business into Udyam by following these simple and easy steps:-
STEP 1: First visit the Udyam Registration portal.
STEP 2: Get your unique identification number for registration.
STEP 3: Fill out the form with the correct information after entering Udyog's Aadhaar Number.
STEP 4: Make online payment for the registration process.
STEP 5: Your applications will be processed by one of our executives.
STEP 6: The Udyam certificate would be sent to your registered email address within 1-2 hours.
Documents Required For Re-registering Under Udyam
The company owner's name and Aadhar number (as shown on the Aadhar Card)
- Name of your business or organization
- Details of your Enterprise Previous Registration
- Type of enterprise/organization that you own
- Current address and account details of the owner.
- NIC Code or National Industrial Classification Code
- Number of total workers employed at your organization
- Current activities of your firm
- Entrepreneur’s Email ID and mobile number
- PAN number and the overall expenditure made by the entrepreneur in the organization
For Existing Enterprises
An enterprise with Udyam Registration Number shall update its information online on the Udyam Registration site, including the details of the previous financial year's ITR and GST Return, and any other additional information that may be needed, on the basis of self-declaration.
Failure to update relevant information within the time limit provided by the Government in the Udyam Online Registration Portal the organization will be liable for suspension of its status according to the notification announced by the Ministry of MSME on 26th June 2020.
Apply for Udyam Re-registration Today!
The process of re-register into Udyam is very simple,cost-free, and uncomplicated as it only requires a single document known as Aadhaar Number due to which entrepreneurs can register easily and quickly.
However, it is important that you carefully fill in the Udyam online form and avoid any errors. To avoid any errors in the registration process you can visit udyam-registrations.org to register your company with Udyam, a professional team will take care of your online registration process at fair rates.