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Our experts will help in Udyam registration and provide the MSME certificate without any hassles
Small scale businesses play a vital role in improving the economy of any country. To encourage new and existing business, the government of India has launched many schemes that help small and medium scale businesses to sustain and grow. To avail all these beneficial schemes, you need to get your Udyam registration done. Udyam registration is also known as Udyog Aadhaar or SSI registration. Vakilsearch can complete the process in just a few steps.
The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development Act, 2006
There are many other benefits under the Act and benefits are introduced through annual budgets as well.
Prior to now, the MSME classification system was determined by criteria related to investments in machinery and/or equipment. Therefore, in order to qualify for MSME incentives, MSMEs must keep their investment to a smaller level, as described below:
Existing MSME Classification Sector Criteria Micro Small Medium Manufacturing Investment < Rs.25 lakh < Rs.5 crore < Rs.10 crore Services Investment < Rs.10 lakh < Rs.2 crore < Rs.5 crore
This is apt for entities which are yet to begin functioning. With provisional registration the MSME can:
A PRC (provisional registration certificate) is allotted to new enterprises without any field enquiry and is valid for 5 years.
It is given to industrial units that are already functioning. All the benefits available to MSMEs can be availed by them. The following conditions have to be met for getting a permanent registration:
The updated MSME registration process is entirely online, paperless, and self-declaratory. There are no files or documentation that must be uploaded in order to register an MSME.
Udyam registration cannot be obtained without an Aadhaar number. Depending on the type of firm, the following Aadhaar number is necessary
|Type of firm||The person whose Aadhaar number is required|
|Partnership firm||Managing partner|
|Hindu Undivided Family||Karta|
|Company or a Co-operative Society or a Trust or a Limited Liability Partnership||Authorised signatory|
The entities that fall under the following three categories can apply for MSME registration.
Where the investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.
Where the investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.
Where the investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.
Vakilsearch uses an easy three step process to complete the Udyam registration process.
However the complete process is much more complex and time consuming.
Go to https://udyogaadhaar.gov.in/UA, the Udyog Aadhar's official website.
Type in your personal data
Complete the information about the company or companies you wish to register. You must fill in the name of the company. If you have more than two businesses, you should enter the names of the businesses under Enterprise 1 and Enterprise 2.
The postal address, registered email address, registration mobile number, and other details about the company or companies must all be entered in this section.
Fill in the remaining information needed. In this section, you must include the date the business was founded as well as any other information previously related to the company's registration.
Information about registration through the SSI, EM1, or EM2 processes is included in this category
For this section, you must provide the bank information for the company, which includes the account number, bank name and IFSC code, and branch name.
Now specify the company's primary line of business, i.e., whether it engages in manufacturing or delivering services. It is important to mention the main business.
If your business deals with different types of prospects, you must pick the one where it has a strong presence. For instance, you would choose manufacturing as your core business if the company's core processes consisted of 70% production and 30% service.
Provide information regarding the total number of employees in your company as well as the total investment in lakhs. When registering under this category, if you own multiple businesses, you will need to complete the necessary data for each business separately.
Select the industry district centre and finally accept the declaration from the list provided on the website. Then, click the submit button after accepting the declaration. You will receive an acknowledgement number following the selection.
Complete MSME registration is done online on the official website. New Entrepreneurs who are not registered yet as MSME or those with EM-II the following process can be used.
Step 1: Click the ‘For New Entrepreneurs who are not Registered as MSME or those with EM-II’ button on the Udyam Registration Portal's home page. It is required for both new and EM-II registered business owners.
Step 2: On the following screen, click the ‘Validate and Generate OTP Button’ after entering the entrepreneur's name and Aadhaar number. The PAN Verification page opens after clicking this button. The OTP will be shared along with its input.
Step 3: After entering the ‘Type of Organisation’ and PAN Number, the business owner must click the ‘Validate PAN’ button. The portal obtains the PAN information from the government databases and verifies the entrepreneur's PAN number.
Step 4: The Udyam registration form will appear after the PAN has been verified, and the entrepreneurs must fill it out with their personal information and business information.
Step 5: Fill out the declaration, choose the investment and turnover information, and then click the ‘Submit and Get Final OTP’ button. Once the OTP has been entered and the form has been submitted, the Udyam registration certificate will be issued by email. The udyam registration portal allows business owners to view the status of their MSME registration.
There is no need to renew MSME registration because udyam registration number is a permanent identity number.
Individuals who have an existing UAM registration should select the button labelled ‘For those having registration as UAM’ or ‘For those already having registration as UAM through Assisted filing’. The Udyog Aadhaar Number must be input on the subsequent page, and an OTP option must be chosen.
You have the choice of obtaining the OTP via email or mobile with the filled-out UAM. The ‘Validate and Generate OTP’ button must be chosen after selecting the OTP Options. Enter the OTP, and complete the MSME registration form with the necessary information, and Udyam registration is then complete.
Visit the official website of the government http://udyamregistration.gov.in
On the GST portal, submit the GST registration form. You will receive an ARN number for your records. In just 3-5 working days, depending on the government's approval, you are required to receive the GSTIN.
As soon as we obtain the GSTIN, our professionals will submit the MSME registration. Within 2 to 5 working days, you will obtain the MSME registration certificate online for your organisation.
If you find the complete process very tough to follow then just reach out to Vakilsearch . We will complete Udyam registration in Just a few clicks. Our experts will help in Udyam registration and provide the MSME certificate without any hassles. The whole process is online and transparent. Reach out to us right away without any delays.
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