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UDYAM/ MSME Registration

Udyam/MSME registration, MSME certificate

Service Info:

  • Short Name :   UDYAM/ MSME
  • Category :   Registrations
  • Subcategory :   MSME Registration - UDYAM/ UDYOG AADHAR
  • Amount :  ₹0.00
Description :

Udyam Registration was introduced to simplify the procedure for business owners to register their business under Micro Small Medium Enterprise (MSME).

Service Description:

Introduction:

In today's competitive business landscape, it is crucial for small and medium enterprises (SMEs) to have access to government schemes and benefits that can enhance their growth and sustainability. One such initiative is the Udyam/MSME registration, which empowers businesses by providing them with several advantages. To facilitate this process and help entrepreneurs unlock the potential of their ventures, we offer comprehensive Udyam/MSME registration services. Let us guide you through the intricacies of this registration and help you unlock the numerous benefits it offers.

What is Udyam/MSME Registration?

Udyam/MSME registration is a government program initiated to promote and support small and medium-sized enterprises in India. It replaced the previous system of registration under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. By obtaining Udyam/MSME registration, businesses gain recognition as MSMEs and can access various schemes, incentives, and financial assistance provided by the government, banks, and other financial institutions.

Benefits of Udyam/MSME Registration:

Collateral-free loans:

MSMEs with Udyam/MSME registration can avail of collateral-free loans under various government schemes, promoting access to credit and enabling business expansion.

Interest rate concessions:

Registered MSMEs can enjoy lower interest rates on loans, making it more affordable to finance their growth initiatives and investments.

Protection against delayed payments:

The Udyam/MSME registration allows businesses to file complaints against buyers who fail to make payments for goods or services within the stipulated timeframe, ensuring prompt payment and cash flow stability.

Preference in government tenders:

MSMEs receive priority in government procurement tenders, providing them with opportunities to secure contracts and expand their customer base.

Subsidies for technology adoption:

Udyam/MSME registered entities can access subsidies and incentives for adopting and implementing new technologies, promoting innovation and competitiveness.

Tax benefits:

The registration enables MSMEs to avail of various tax rebates, exemptions, and benefits provided by the government, reducing the burden of taxation and improving profitability.

Access to business development schemes:

Registered MSMEs gain access to business development programs, incubation centers, and skill development initiatives, fostering their growth and competitiveness.

Our Udyam/MSME Registration Services:

We understand that the registration process can be complex and time-consuming, diverting your focus from core business operations. Our expert team specializes in Udyam/MSME registration services, ensuring a hassle-free and efficient process for your business. Here's how we can assist you:

Consultation and eligibility assessment:

We provide comprehensive consultation services to determine your eligibility for Udyam/MSME registration, taking into account various parameters such as investment in plant and machinery or equipment, turnover, and business structure.

Documentation and application support:

Our team guides you through the documentation requirements and assists in preparing the necessary forms and supporting documents for Udyam/MSME registration. We ensure accuracy and completeness to avoid any delays or rejections.

Registration process management:

We manage the entire registration process on your behalf, liaising with government authorities and addressing any queries or clarifications that may arise during the evaluation process. Our goal is to ensure a smooth and efficient registration experience for your business.

Documents Required for Udyam Registration:

The Udyam Aadhar registration is totally a digital process, where the enterprise has to fill the self-declaration form.

Below mentioned are the required documents:

  • PAN of the enterprise
  • GST Certificate, if applicable
  • Aadhar number of authorised signatory
  • Phone number
  • E-mail address
  • Business type, address proof
  • Business Commencement Date
  • Bank details


Udyam Aadhar Registration Process:

    • Step 1: Go to the official Udyam registration portal at https://udyamregistration.gov.in.
    • Step 2: Select the tab for new Entrepreneurs who are not registered yet as MSME or those with EM-II on the registration portal.
    • Step 3: Enter Aadhar Number of the authorized signatory of the enterprise as per the Aadhar card. The Aadhar number will be used for verification purposes.
    • Step 4: Validate Aadhar with an OTP (One-Time Password) will be sent to the mobile number linked with the provided Aadhar number.
    • Step 5: After validating with OTP, enter the Enterprise Details. Fill in the required details of the enterprise, such as name, type of organisation (Proprietorship, Partnership, Private Limited, etc.), location, and other relevant information.
    • Step 6: Select the appropriate Udyam category based on the investment and turnover criteria.
    • Step 7: Click on ‘Agree on terms and policies’ and submit a Declaration confirming the accuracy of the information provided.
    • Step 8: Validate the email I’D and mobile number used to generate the Udyam registration number (URN).
    • Step 9: Download the e-registration certificate received on registered mail ID or download it from the Udyam registration portal using the URN.

    Eligibility Criteria for Registering for Udyam Aadhar:

    Type of Enterprise:

    Udyam Aadhaar registration is applicable only to micro, small, and medium-sized enterprises (MSMEs) operating in India. It is not available for larger enterprises.

    Classification Based on Investment and Turnover:

    The eligibility of an enterprise for Udyam Aadhar registration is determined based on its investment in plant and machinery or equipment and its annual turnover. The criteria differs for micro, small, and medium enterprises.

    Self-Declaration:

    To register for Udyam Aadhar, the enterprise needs to provide a self-declaration stating its existence, type of organisation (Proprietorship, Partnership, Company, etc.), and other relevant details.

    Valid Aadhar Number:

    The Aadhar number of the authorized signatory of the enterprise is required for Udyam Aadhar registration.

    FAQs on Udyam/MSME registration:

    Q1: What is the eligibility criteria for Udyam/MSME registration?

    To be eligible for Udyam/MSME registration, a business should fall under the definition of Micro, Small, or Medium Enterprises as per the prescribed investment and turnover limits. The criteria are as follows:

    Micro Enterprise:

    Investment in plant and machinery or equipment should not exceed INR 1 crore and turnover should not exceed INR 5 crores.

    Small Enterprise:

    Investment in plant and machinery or equipment should not exceed INR 10 crores and turnover should not exceed INR 50 crores.

    Medium Enterprise:

    Investment in plant and machinery or equipment should not exceed INR 50 crores and turnover should not exceed INR 250 crores.

    Q2: How long does the Udyam/MSME registration process take?

    The Udyam/MSME registration process is typically completed online and can be done relatively quickly. Upon submission of the application and required documents, the registration certificate is generally issued instantly. However, it is advisable to allow for a few working days for the verification and approval process.

    Q3: Is Udyam/MSME registration mandatory for all small businesses?

    Udyam/MSME registration is not mandatory for all small businesses. It is optional and provides several benefits to those who choose to register. However, registration is highly recommended as it enables businesses to access various government schemes, financial assistance, and other advantages.

    Q4: What documents are required for Udyam/MSME registration?

    The documents required for Udyam/MSME registration include:

    Aadhaar card of the applicant/proprietor/partners/directors, PAN card of the business entity, Business address proof, Bank account details, Ownership or partnership deed (in case of a partnership firm), Memorandum or Articles of Association (in case of a company.

    Q7: Is there a fee for Udyam/MSME registration?

    No, there is no fee for Udyam/MSME registration. The process is free of cost, and businesses should be cautious of any fraudulent entities claiming to charge a fee for registration.

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