During the COVID 19 pandemic. Recently the Union government has changed the definition of MSME. The SMEs Department has come up with a new udyam registration portal to enlist the new route for enrollment of MSME or Udyog Aadhar. Udyam Registration Portal worked on the old Udyog aadhar site and also on a new site. Anyone who intends to set up a micro, small, medium-sized enterprise can file udyam registration online.
The registration process for the Online Udyam Registration is focused on self-declaration, and there is no additional obligation to submit any records, credentials, papers or proofs. The user will only need to provide Business details for the registration process with their 12-digit Aadhaar Number, Pan Card, and Bank Account.
Udyam Registration Documents Required Details
Udyam Registration requires a personal Aadhaar Number.
In the case of a proprietorship company, the Aadhaar number shall be the possessor, in the case of a collaboration business, the managing partner and a Karta on behalf of a Hindu Undivided Family (HUF).
The organization or its authorized signatory shall have its GSTIN and PAN alongside its Aadhaar number in the case of a private limited company or a mutual liability corporation or a cooperative society or a business or trust.
In the case of a company or MSME that is already registered as an Udyam with PAN, any data deficiency for previous years when it did not have PAN shall be filled in on the basis of self-declaration.
Registration with Documents
Every company who wants to apply for an Udyam certificate will first access the official website.
The company may obtain a permanent number after successful registration.
On the official Udyam Registration page, you can find “New Company not registeredas an MSME” click on that.
You will be forwarding a form to the new landing page afterwards. Fill out the form information, such as Aadhar number and company name.
Then validate and generate OTP.
After successful completion of the application, you can get a certificate. Certificate can only be given electronically.
This certificate has a dynamic QR code from which the portal web page and the company details can be accessed.
And registration costs are not applicable. And no requirement to renew the registration.
The registration phase is completely free. No fees or taxes are charged to anybody.
Benefits of Udyam Registration
The business owner gets insurance on delay.
They can also make bank accessible free collateral loans.
Head of the business should take advantage of Octroi incentives.
Entrepreneurs can also demand duties for the stamping and registration.
Interest rates of the banks can be reduced.
The business owner, who goes to Udyog Aadhar, will obtain a concession on electricity bills.
Benefit of Overdraft’s interest rate of 1%.
Will benefit from NSIC subsidies and credit scores & is eligible for IPS subsidies.
Getting an ISO certificate by refunding your payment
Written by - Gazal Gupta
If you face any kind of Udyam registration issues, then you can contact us at udyog-aadhaar.in or you can fill the enquiry form on @udyog-aadhaar.in and one of the executives will call you back.