Udyam Registration for Micro, Small, and Medium Enterprises

Udyam Registration for Micro, Small, and Medium Enterprises

Micro, small, and medium-sized businesses must register with the government beginning July 1. Those interested in starting a project should apply through the Online Udyam Registration Portal using self-attested documentation.

You will receive a registration form number and a registration certificate once you have completed the registration procedure. There should be no more than one registration for the same project.

Becoming a micro, small or medium enterprise:

  • Anyone who wants to start a micro, small, or medium business can use the Udyam Registration Portal to file a document, documents, certifications, or evidence of necessity with a self-declaration.
  • When you click on Registration, you’ll be sent to a page where you may register
  • After the registration procedure is completed, an e-certificate called Udyam Registration Certificate will be issued.

Following the Advisory Committee’s suggestions, the Central Government establishes the criteria for categorizing micro, small, and medium companies, as well as the form and method for filing the memorandum, with effect from July 1, 2020.

Procedure for registering:

  • The registration form will be available on the Udyam Registration Portal.
  • It would be necessary to register for an Aadhaar number Udyam.
  • The case of a proprietorship company, the controlling partner, and the Karta in the instance shall be the Hindu Undivided Family (HUF) of the Aadhaar number.
  • The Organization or its Authorized Signatory must supply its GSTIN and PAN, as well as its Aadhaar number, in the event of a Company, a Limited Liability Partnership, a Cooperative Society, or a Trust or a Trust.
  • Any shortfall information for the past years when the PAN should be filled up is a self-declaration basis if a firm is officially registered as an Udyam with a PAN.
  • No business may submit more than one Udyam Registration, with the exception that any number of activities, including manufacturing, service, or both, may be listed or added to a single Udyam Registration.
  • Anyone who knowingly suppresses or tries to hide self-reported facts and figures in the Udyam Registration or updating procedure is subject to the penalties set out in section 27 of the Act. 7.

What are the Udyam Registration Portal’s Requirements?

The only prerequisites are that your business or organization falls under the new msme definition and that it wants to establish micro, small, or medium enterprise under the MSME Definition Act. Aside from the MSME Definition, the Aadhar Card is a necessary component for Udyam Registration. So, the following is a simplified list to help you identify a person’s aadhar card according to their legal organization.

  1. In the case of a proprietorship firm, the proprietor’s AADHAR card is sufficient for udyam registration.
  1. In the case of a partnership firm, any partner’s Aadhar card is necessary.
  1. In the case of a HUF, a Karta Aadhar Card is necessary.
  1.  In the case of a company, LLP, or trust, an approved signatory’s Aadhar card is necessary.

Who Must Register for Udyam Registration?

So, there are two types of business categories that must register with the Udyam Registration Portal:

Before June 30, 2020:

If your business, firm, or company had already registered through the Udyog Aadhar Portal before June 30, 2020, and received a 12-digit Udyog Aadhar Registration Number, you must register again on the Udyam Registration Portal till Dec 31, 2021. Because your 12 Digital Udyog Aadhar Memorandum Number would expire for the same on Dec 31, 2021.

After July 1st, 2020

If your company is not registered on the Udyog aadhar site but has other legal registrations such as GST or Pan, or if you are going to start a new business in India, you can apply directly at the Udyam Registration Portal rather than the old Udyog Aadhar Portal.

Existing Business Entity Registration:

  • On or after July 1, 2020, all existing companies registered under EM-Part-II or UAM must register on the Udyam Registration Portal.
  • This notice will be reclassified, affecting all companies registered until June 30, 2020.
  • Existing businesses that were registered before June 30, 2020, will only be valid until December 31, 2021.

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