We start by understanding what Udyam Registration is, why it was introduced. We speak about the conditions under which we have to apply for re-registration. Then we talk about the portal for re-registering. Then mention the Classification of Enterprises after Re-registering Under Udyam. The benefits under Re-registering. A step-wise Process of Re-registering under Udyam along with the documents Required for Re-registering Under Udyam.
With the system of registration changes- the transformation from Udyog Aadhaar to Udyam registration– all businesses now need to re-register with the portal. This will help them get the new Udyam Aadhaar card, which the government will provide.
These certificates will help businesses receive the benefits which the government offers MSMEs. The government has started many schemes for the MSMEs that offer subsidized loans, rebates, concessions, exemptions, etc. You need to re-register with the Udyam portal to take advantage of these schemes.
What Is the Re-Registration of Udyam?
When the government initiated the new process of MSME registration, it declared that all the MSMEs would now be known as “Udyam”. The new approach is much more simplified than the previous Udyog Aadhaar registration process. It requires less paperwork and can be done quickly, within minutes, online, in the comfort of your home.
Specific changes came to the Udyam Aadhaar certificate and the government’s decision. Therefore, the Ministry of MSME released a notification on 1 June 2020, saying that all the companies previously registered under MSME through the Udyog Aadhaar registration will now have to re-register in Udyam portal.
With an initial deadline of 31 March 2021, it became mandatory for every existing MSME to re-register. Therefore, to avail of the government’s benefits to the MSME sector, every MSME needs to re-register on the Udyam portal.
Why Is Re-Registration Necessary?
There has been an essential structural change in the way the new process of MSME registration works. There was no specification of the category in which the various MSMEs fell in the earlier process. Thus, it was difficult for the government to provide benefits instead of the types of the MSMEs.
In the new system of Udyam registration, the MSMEs are registered in separate categories, which are micro, small, and medium enterprises. Different benefits are provided to the MSMEs of different types.
Also, mentioning your investment and turnover details was not important in the previous system of Udyog aadhaar registration. In the new system, however, an applicant needs to fill in the details to make an accurate classification of the firm.
In the new registration method, details of the PAN and GSTIN are also requisite, and based on all this information combined, a firm is categorized into the micro, small or medium categories. Thus, re-registration of your MSME is very important to maintain clarity in the public accounts and receive the benefits offered by the government.
Documents Required for Re-Registration
Re-registering your MSME on the Udyam portal is a very easy task. You will only need the following documents to do so-
- Udyog Aadhaar Number (UAN), which was issued to you by the government
- Aadhaar Card of the applicant
- PAN Card of the applicant
- GSTIN of the organization.
Ensure that the mobile number and email ID you entered while registering your MSME are active. You will need the OTP that comes on them to continue with the Udyam registration online.
Steps to Re-Register
To re-register your firm with the Udyam portal, you need to follow specific simple steps mentioned below-
- Visit the Udyam re-registration portal
- Fill in your basic details required by the re-registration form, including your previous UAN and other necessary documents.
- You will get an OTP from the Udyam portal on your registered mobile number. Fill in that OTP to go on with the process.
- Complete the online payment required for the re-registration process.
- The portal will process your information and place your firm into the adequate category.
- You will receive your new Udyam at your email address. It generally takes 1-2 hours for the certificate to come unless there are any complications in the registration process.
What to Do in Case of a New Registration?
If you are not already registered with the MSME portal of the government and want to go ahead with your fresh application, you would follow these steps-
- Visit the website of Udyam registration
- Enter the necessary details in the form you will see on your screen. Your details, such as your name, mobile number, email Id, social category, etc., will be required. Details of your business, such as type of organization, business name, plant address, etc., will be required.
- Tick the checkbox of Terms and Conditions. Make sure that you go through the terms and conditions once before submitting your application.
- Click on the button Submit application.
- You will receive an Udyam Aadhaar certificate on your registered email ID.
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