The Union Ministry of Micro, Small and Medium Enterprises (MSME) released a notification on June 26, 2020, advising members of a new MSME registration process called "Udyam Registration" that will begin on July 1, 2020.
They will issue an e-certificate with a unique identification number and a QR code after effective registration on the udyam registration portal.
The following are the highlights of the Udyam Registration Process:
Udyam will be the name of the company for this reason, and the registration process will be called 'Udyam Registration.'
MSME will be allowed to register at the Udyam Registration Portal.
The MSME registration process is exclusively online, without the use of paper, and is based on self-declaration. For registering an MSME, no records or evidence are needed to be uploaded.
Registration would necessitate the use of an Aadhaar code.
After registration, you will be given a specific registration number.
After completion of the process of registration and Udyam Registration Certificate will be issued.
This certificate will have a dynamic QR Code from which the web page on MSME Ministries Portal and details about the enterprise can be accessed.
Renewal of MSME Udyam Registration is not needed.
Information on spending and turnover of companies connected to PAN and GST can be automatically collected from the appropriate government datasets.
The online infrastructure for the MSME Ministry will be completely compatible with the Income Tax and GST IN programs.
Also, they have to re-register themselves those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME.
Udyog Aadhaar (UAM), the previous MSME registration process, will only be effective until March 31, 2021. Established MSME's would be asked to re-register at the Udyam Registration Portal.
No company should have more than one Udyam Registration. However, in a single Registration, any range of operations, including manufacture, operation, or both, can be listed or added.
Process of MSME Udyam Registration.
Step 1: Go to the website of the MSME Udyam Registration portal.
Step 2: Complete the MSME Udyam Registration Form with all of the necessary information. Make sure to enter all the details correctly.
Step 3: After entering the details make the online payment for your Udyam registration Application.
Step 4: The udyam registration form submission will be processed by one of the registration executives.
Step 5: Your udyam registration certificate will be issued at your registered email address within 4 hours.