MSME Registration Overview

The government has introduced the new Udyam Registration to replace the older MSME and Udyog Aadhar registrations from July 1, 2020 onwards. Organizations which are engaged either in manufacturing or production or processing or preservation of Goods OR in the providing or rendering of services are eligible for registration under the new Udyam Registration. In other words, the enterprises which are engaging only in trading i.e. buying, selling importing, exporting of Goods are not eligible for applying for Udyam Registration.

The applicability of the Udyam registration is for Micro, small and medium sized organizations. The categorization is summarized below:

Type of Enterprises:

  • Micro

    Investment up to ₹ 1 Cr AND Turnover up to ₹ 5 Cr

  • Small

    Investment up to ₹ 10 Cr AND Turnover up to ₹ 50 Cr

  • Medium

    Investment up to ₹ 50 Cr AND Turnover up to ₹ 250 Cr

All establishments/ organizations currently registered under EM-Part II (Entrepreneurs Memorandum) or UAM (Udyog Aadhar Memorandum Portal) need to get them re-registered on Udyam Registration Portal w.e.f. July 1, 2020 to avail the various benefits offered.

What is MSME Registration?

Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online. The application is based on self-declaration with no requirement to upload documents, papers, certificates or proof. However, the registering person needs to provide certain details regarding the business like investment value, nature of business among others.

On registration, an enterprise will be assigned a permanent identity number to be known as “Udyam Registration Number”. An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process. Aadhar Number is required to initiate the registration process as below:

  1. The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).
  2. In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organization or its authorized signatory shall provide its GSTIN and PAN along with its Aadhaar number.
Fill Online Form 25%
Make Payment 50%
Send Documents on Email 75%
MSME / Udyam Registration 100%

Step 1

Complete our MSME/SSI Form

Step 2

Preparations of Documents

Step 3

Filling MSME/SSI Application

Step 4

Complete MSME Certificate

Documents Required For MSME

No documents are required to be uploaded on the Govt. portal as part of the registration process. However, an enterprise will be required to provide the following details for Udyam Registration application. The details required shall be as below:

  1. PAN Number of enterprise
  2. GST Number of enterprise
  3. Bank Account details of the enterprise
  4. Turnover of the enterprise over the last 2 years
  5. Written Down value of investment made in the business
  6. Address of the business
  7. Type of Income tax return filed in the previous year
  8. Date of incorporations/ commencement of business
  9. Nature of business activity being carried out
  10. No. of persons employed by the enterprise along with their gender

Benefits Of MSME Registration

Some of the benefits available post registrations under Udyam aresummarized below. Apart from those listed below, there are many other benefits provided by the different govt. bodies for specific industries.

  1. After registering under Udyam, the applicant will receive the benefits of all the government schemes such as an easy loan, loan without guarantee, loans with subsidized rates of interest etc.
  2. The applicant will receive financial support for participating in foreign expos to showcase their products.
  3. Registration would facilitate hassle-free opening of current bank accounts in the name of the business.
  4. It would also allow businesses to apply for government micro business loans and other such related beneficial schemes.

With the recent thrust on development of MSMEs by Govt of India, registration under Udyam has become very important. The primary reason is the ability to avail the benefits being provided by the Govt.

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Moni Kumar

Entrepreneur

Udyam Certificate Service: I recently needed a Udyam Certificate for my small business and was unsure about the entire process. The team here was accommodating and made everything so simple. They guided me through each step, answered my questions, and promptly ensured I received my certificate. Their professionalism and efficiency are unmatched. Highly recommended!

Anvi Raj

Small Business Owner

Taxation Services: As a small business owner, managing taxes has always been a daunting task for me. This service made all the difference. They took the time to understand my business and provided tailored advice that helped me save significantly on my taxes. Their expertise and attention to detail are truly commendable. I couldn’t have asked for a better partner for my taxation needs.

Sameer

Freelancer

ITR Filing: Filing my income tax returns used to be a stressful and time-consuming task until I started using this service. They made the entire process incredibly easy and hassle-free. Their team is knowledgeable, efficient, and always available to answer any queries. I was impressed by their promptness and the accuracy of their work. I will be using their services again next year!

Arjun P

Startup Founder

Comprehensive Financial Services: I needed help with various financial services, including Udyam registration, GST filing, and annual compliance. This company exceeded my expectations with its comprehensive service package. They handled everything professionally and efficiently, saving me a lot of time and stress. Their expertise in multiple areas of finance is truly impressive. I highly recommend their services to any business owner.

Divya R

Tech Entrepreneur

Business Advisory and Compliance: Running a startup means juggling multiple responsibilities, and compliance was one area I struggled with. This team has been a lifesaver. From helping me get my Udyam Certificate to managing my ITR filings and ensuring all my tax compliance is up to date, they have been incredibly supportive. Their service is prompt, reliable, and tailored to my business needs. I couldn’t be happier!

FAQs on MSME Registration

Q1. What is Udyam Registration?

Udyam registration is the new process of registering business in India under the Ministry Of MSME. It has been started from 06th JULY, 2020.

Q2.What is the validity of existing EM Part-II or UAM?

All the existing MSME registered under EM Part-II or UAM on or before 30/06/2020 will be valid upto 31/03/2021. If the existing enterprise does not convert before 31/03/2021 it will be either suspended or blocked.

Q3. What are the documents required for Udyam Registration?

Udyam registration is completely based on self-declaration. There are no physical documents required for Udyam registration. The only document required is the Aadhaar number.

Q4. What are the benefits of Udyam Registration?

The Government of India has provided many benefits. Some of them are Collateral bank loans, International trade fair, concession on electricity bills. For detail read Benefits of Udyam Certificate.

Q5. Is the Old Udyog Aadhar still working?

Yes, the Old Udyog Aadhar is still working. There are various services the Government has made available for Udyog Aadhaar. The service is available only until 31/03/2021.
Update Udyog Aadhaar, Print Udyog Aadhaar, Print Application, Verify Udyog Aadhaar

Q6. Can the Old Udyog Aadhar be updated?

Yes, the Old Udyog Aadhar can be updated. However the valid period is upto 31st March, 2021. You can update your old UAM (Udyog Aadhaar Memorandum)/ Udyog Aadhaar registration certificate here: Click here to update

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