Know in detail how to rectify Udyam registration. The Process involves submitting an online application on the portal. Learn in detail about the process.
Cancelling and Rectifying Udyam Registration
Udyam registration is a government initiative that aims to provide support to Micro, Small, and Medium Enterprises (MSMEs). It is a simple, online process that can be completed in a few minutes. Once registered, they can avail benefits such as priority sector lending, tax concessions, and government tenders. However, there are times when one may need to cancel or rectify its registration under circumstances like if they have ceased operations, or if there is a change in the name, address, or ownership.
Cancelling MSME Registration
There are two ways to cancel your registration:
Online: You can cancel your registration online by logging into the Registration portal and clicking on the ‘Cancel Registration’ link. You will need to provide a reason for cancellation and confirm your cancellation.
Offline: You can also cancel your registration offline by submitting a written application to the nearest District Industries Center (DIC). The application should include your registration number, your name, and the reason for cancellation.
Checklist for Cancelling or Rectifying Udyam/MSME Registration
Before you cancel or rectify your registration, make sure that you have the following things:
- Your registration number
- Your name
- Your address
- Your contact information
- Your business activity
- Your PAN card
- A reason for cancellation (if applicable)
Rectifying MSME Registration
To rectify registration, one must submit an online application on the portal. The application must be accompanied by the certificate copy and the necessary documentation to support the rectification. The types of rectifications that can be made to registration include:
- Change in name
- Change in address
- Change in ownership
- Change in business activity
- Correction in errors
Once the application is submitted, one will receive a confirmation email. The registration will be rectified within 7 working days of receiving the confirmation email.
Steps to Cancel the Registration
- Visit the portal and log in to your account
- Click on the ‘Cancel Registration’ tab
- Enter the required details, including the reason for cancellation
- Upload a copy of your certificate
- Click on the ‘Submit’ button
- You will receive a confirmation email
- Your registration will be cancelled within 7 working days of receiving the confirmation email.
Process for Cancelling UDYAM/MSME Registration Offline
- Visit the nearest DIC and submit a written application to cancel your registration. The application must be signed by the proprietor/partner/director
- Attach the following documents to the application
- Copy of Registration Certificate
- Copy of Aadhaar card of the proprietor/partner/director
- Copy of PAN card of the proprietor/partner/director
- Submit the completed application and attached documents to the DIC officer
- The DIC officer will verify the documents and process your cancellation request
- Once your cancellation request is processed, you will receive a confirmation message from the Registration portal.
Steps to Rectify Udyam Registration
- Visit the portal and log in to your account
- Click on the ‘Rectify Registration’ tab
- Enter the required details, including the type of rectification you need
- Upload the necessary documentation to support the rectification
- Click on the ‘Submit’ button
- You will receive a confirmation email. Your registration will be rectified within 7 working days of receiving the confirmation email.
Documents Required for Cancelling or Rectifying Udyam Registration
- Udyam Registration Number (URN)
- Aadhaar number of the proprietor/partner/director
- PAN card of the proprietor/partner/director
Important Points to Note
- Registration is a free and online process
- There is no fee for cancelling or rectifying registration
- The registration can be cancelled or rectified at any time
- Once registration is cancelled, they will no longer be eligible for any of the benefits associated with registration.
Benefits of Cancelling or Rectifying Udyam Registration
- Cancelling registration can help them to avoid paying any unnecessary fees
- Rectifying registration can help keep its registration information up-to-date
- Rectifying registration can also help to avail benefits that it may be eligible for.
Conclusion
Cancelling or rectifying registration is a simple process that can be completed online. One can cancel or rectify its registration at any time. There is no fee for cancelling or rectifying registration. Get in touch with a Vakilsearch expert today!
FAQs
What is the difference between cancelling and rectifying Udyam registration?
Cancelling means that the business is no longer eligible for any of the benefits associated with registration. Rectifying denotes that the firm is updating its registration information.
When should I cancel my Udyam registration?
You should cancel your registration if you have ceased operations, or if there is a change in the business ME's name, address, or ownership.
When should I rectify my Udyam registration?
You should rectify your registration if there is a change in the name, address, ownership, or business activity. You should also rectify your registration if there are any errors in your registration information.
How can I cancel my Udyam registration?
To cancel your registration, you must submit an online application on the portal. The application must be accompanied by a copy of your certificate.
How can I rectify my Udyam registration?
To rectify your registration, you must submit an online application on the portal. The application must be accompanied by a copy of your certificate and the necessary documentation to support the rectification.
Is there a fee for cancelling or rectifying my Udyam registration?
No, there is no fee for cancelling or rectifying your registration.
How long does it take to cancel or rectify my Udyam registration?
Your registration will be cancelled or rectified within 7 working days of receiving the confirmation email.
What happens if I don't cancel or rectify my Udyam registration?
If you don't cancel or rectify your registration, you may continue to receive emails and notifications from the portal. You may also be liable to pay any applicable fees.
Where can I get more information about cancelling or rectifying my Udyam registration?
You can visit the portal for more information about cancelling or rectifying your registration. You can also contact the support team for assistance.
