Many businesses want to know if the Udyog registration can be permanently withdrawn or revoked. The answer is yes. This guide will show you how to cancel your Udyog Aadhar registration.
Enterprise Registration Simplified for MSMEs from 1st July 2020
Starting from 1st July, enterprises can register themselves based on Aadhaar number alone. This is as per the new norms notified by the Government on 26th June 2020. Enterprises are no longer required to upload certificates and documents for registering online.
They can merely provide details with a self-declaration. This new process is named ‘Udyam Registration’ and is made possible after the successful integration of the registration process with that of GST and Income Tax.
The details provided in the self-declaration will be duly verified by the authorities based on GSTIN and PAN. Those who do not have Aadhaar can approach the Single Window Systems along with their identity proof for Aadhaar enrollment request, bank passbook copy, voter ID card, driving license, or passport. The single window systems will facilitate registration after receiving the Aadhaar number.
Udyog Registration: An Overview
Udyog Aadhaar Registration is becoming extremely important for businesses in the country. The Udyog Aadhaar scheme was launched to make MSME registration easier. It is now required for all small and medium-sized businesses, having superseded the Micro, Small, and Medium Enterprise registration process.
The scheme was introduced by the Micro, Small, and Medium Enterprises Development Act of 2006 in order to decrease the paperwork needed in the current Registration process for MSME.
After the introduction of Udyog Aadhaar in 2015, registration for Micro, Small, and Medium Enterprises has been easier as it can now be done both online and offline Earlier under the MSME Registration scheme, one had to fill Entrepreneurship Memorandum-I and Entrepreneurship Memorandum-II with the respective District Industrial Center.
However, following the implementation of Udyog Aadhaar, these two memorandums were superseded by a much simpler Udyog Aadhaar Memorandum. To receive the Udyog Aadhaar Card, you will need some personal documents as well as documentation pertaining to the business being established.
Udyog Aadhaar Number: An Overview
The Ministry of Micro, Small, and Medium Enterprises, Government of India, provides Udyog Aadhaar, which is an identification registration. Essentially given to Micro, Small, and Medium Enterprises, it is a twelve-digit unique identification number.
It also enables businesses to take advantage of numerous government initiatives, such as low-interest loans, electricity bill concessions, stamp duty registration concessions, trademark registration, bank transactions, and so on. It is an Aadhaar card for businesses and enterprises, much like a regular Aadhaar card. It is sometimes referred to as Aadhaar for Business.
| Introduced in 2015, over 48 lakh micro, small and medium enterprises were registered under the scheme by the year 2018 in India. |
Though it is frequently stated that a Udyog Aadhaar cannot be canceled or deleted, it can only be updated or modified. That, however, is not the case. If you want to cancel your Udyog AADHAAR Registration, you can do so Unfortunately, no online option exists to complete this task as you must do so in person.
How to Cancel Udyog Aadhaar Registration: Step-by-Step Guide
Here’s how to cancel your Udyog aadhaar registration step by step:
Step 1: Finding a Udyog Aadhaar Registration Center: resident.uidai.gov.in
Find the nearest Udyog Aadhaar Center to cancel your Udyog AADHAAR Registration. It is typically located near the District Industrial Center. Every state, in general, has a center. You can obtain the form for canceling your Udyog Aadhaar Registration at this center.
If you cannot locate the right address of the center, simply look at your MSME Registration Certificate. Generally, the address and contact information for the District Industrial Center is listed at the bottom of the certificate.
Step 2: Make an application for Cancellation
For cancellation, write an application to the Udyog Aadhaar Registration Center, specifying all the details of the business activity, and whose registration you want to terminate. Also, specify the reason for such termination briefly in the application.
Step 3: Documents Required
There is no specific list of the documents that might be required to be produced at the stage of cancellation. But, apart from the application form, carry all necessary documents of the enterprise, such as your original Udyog Aadhaar Card, bank account details related to that enterprise, etc. Keep photocopies as well as originals of these papers.
Step 4: Acknowledgement
If your application and other documents meet all of the requirements, ask the officer-in-charge at the District Industrial Center for an acknowledgment. This acknowledgment is essential since it may be required in the future.
Things to Remember:
- Please see that before applying for a cancellation of the Udyog Aadhaar Card, you bring all the business activities related to that enterprise to a close. Moreover, you also need to deactivate all bank accounts linked to that particular enterprise.
- Some states will also require you to produce a declaratory letter where you guarantee that you will not avail any of the benefits of government schemes, available under the Udyog Aadhaar Card.
- In the initial application for cancellation of the registration, mention the reason for the cancellation briefly and clearly. If the reason or other details relating to the enterprise is not correctly mentioned, there are chances of the application being rejected.
- There are no costs involved at the time of registration, update, or cancellation of the Udyog Aadhaar Card.
To summarize, the misconception that Udyog Aadhar registration: https://services.india.gov.in/service/detail/udyog-aadhaar-online-registration-for-msme is irrevocable is false. It is possible, however, it requires the applicant to go to one of the Udyog Aadhaar Registration Centers and submit an application in person. It is recommended to bring all company-related documentation with you when you submit your application.
FAQs
What is the validity of Udyog registration?
Udyog registration, now known as Udyam, has a lifetime validity. Once registered, businesses do not need to renew their Udyam registration. It remains valid unless the enterprise crosses the specified investment and turnover thresholds, requiring an update of the registration details.
Can I reapply for Udyam registration?
Reapplication for Udyam registration is generally not required. However, if there are changes in business details or it crosses the prescribed thresholds, updating the registration is necessary. This can be done through the Udyam registration portal without the need for a new application.
Can we edit Udyog registration?
Yes, Udyam registration details can be edited or updated through the Udyam portal. Changes related to business turnover, investment, or other relevant information can be modified. Keeping the registration details accurate and up-to-date is essential for compliance.
What is the difference between Udyog and Udyam?
Udyog and Udyam are terms associated with MSME (Micro, Small, and Medium Enterprises) registration. Udyog was the earlier nomenclature, and Udyam is the current term introduced with revised guidelines. They essentially refer to the same registration process, with Udyam being the updated and more inclusive term.
Is it mandatory to convert Udyog Aadhar to Udyam?
Yes, it is mandatory to convert Udyog Aadhar to Udyam as per the revised guidelines. Existing Udyog Aadhar registrants need to update their information and migrate to the Udyam registration portal. This transition ensures compliance with the latest regulations for MSME classification and benefits.
How can I deactivate my Udyog Aadhar card?
There is no provision for deactivating a Udyog Aadhar card. If a business is no longer operational or wishes to cease MSME registration, it can be closed or updated through the Udyam portal. This ensures that the registration details are accurate and aligned with the business status.
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