Udyam Registration

Udyam Registration is a registration process for small and medium enterprises (SMEs) in India, as per the guidelines of the Ministry of Micro, Small and Medium Enterprises (MSME). This registration process was launched in July 2020 to replace the earlier registration process known as Udyog Aadhaar Memorandum (UAM).

Easy Process and Documentation

Required Paperwork

  • Aadhaar Card of the owner/promoter
  • PAN Card of the enterprise
  • Bank Account details of the enterprise
  • GSTIN (if applicable)
  • Business Address Proof
  • Proof of investment in plant and machinery
  • Details of the activities

Process, Service Charges, Time duration

  • When you send us your paperwork, our experienced staff will review your paperwork with local government officials to determine the service’s cost, feasibility, and completion date. After a quote has been given, it remains fixed. Location affects project duration and cost. Send us your documents and specific requirements to get a price and turnaround estimate.
  • On an average Procurement takes four to six weeks.
2000+ locations Served
Happy Clients 50000+
Averge Google Rating 4.9

India's Most Trusted Legal Documentation Portal

Estimated range of cost : Rs. 2500 to Rs. 5000

I have read LEGALDOCS ADVISOR's Terms and Conditions and Privacy Statement and agree to them by submitting this service request.

Placeholder canvas
INTRODUCTION REVISED MSME CLASSIFICATION WHO SHOULD APPLY DOCUMENT REQUIRED REGISTRATION PROCESS HOW TO REGISTER REGISTRATION FOR EXISTING MSME UPDATION OF INFORMATION BENEFITS CURRENT ACCOUNT OPENING FAQ

REGISTRATION FOR UDYAM

The Union Ministry of Micro, Small and Medium Enterprises (MSME) has introduced a new process of classification and registration of MSME Enterprises under the name of ‘Udyam Registration’ on July 01, 2020.

MSME CLASSIFICATION REVISED

A micro, small, and medium enterprise (MSME) is defined as-

Classification
Investment in plant , machinery or equipment
Turnover
Micro enterpriseNo more than INR 1 CroreNo more than INR 5 Crore
Small enterpriseNo more than INR 10 CroreNo more than INR 50 Crore
Medium enterpriseNo more than INR 50CroreNo more than INR 250 Crore

WHO SHOULD REGISTER FOR UDYAM ONLINE?

Anyone who wants to start a tiny, small, or big business can file online udyam registration.

DOCUMENTS REQUIRED FOR UDYAM REGISTRATION ONLINE

The application procedure for Online Udyam Registration is based on self-declaration, and you are not required to submit any additional documents, certifications, papers, or proofs at any point in the process.

In order to complete the registration procedure, the user will only be required to provide their 12-digit Aadhaar Number, their PAN Card, and the information of their business bank account.

Apply Now

UDYAM REGISTRATION PROCEDURES

You can register for Udyam by going to the LegalDocs website and following the three easy steps listed below.

Application Writing

Send in the application and pay for it.

Processing

Our CA will submit the application using the online system.

Certificate

You will be sent your MSME Certificate to the email address you registered with once it has been approved.

HOW TO REGISTER A MSME USING THE UDYAM REGISTRATION PORTAL?

The new MSME filing process is all done online, doesn’t require any paper, and is built on self-declaration. For creating an MSME, you don’t have to send any papers or paperwork.

  • An MSME needs to use the Udyam Registration Portal to apply for online Udyam Registration.
  • If the application is accepted, the business will be given a “Udyam Registration Number,” which is a lasting identification number.
  • When the registration process is done, a “Udyam Registration Certificate” will be given to the business.
  • For udyam registering, you must have an Aadhaar card. Depending on the type of business, the following Aadhaar numbers are needed:
Type of firmThe person whose Aadhaar number is required
Proprietorship firmProprietor
Partnership firmManaging partner
Hindu Unbroken FamilyKarta
Company, Co-operative Society, Trust, or Limited Liability Partnership.Authorised signatory

UDYAM REGISTRATION FOR EXISTING MSME ENTERPRISES/BUSINESSES

Existing businesses that have previously registered either under EM-Part – II or UAM or with any other organisation that falls within the purview of the Ministry of Micro, Small, and Medium Enterprises are needed to re-register on the Udyam Registration Portal. This is a mandatory requirement. On or after the 1st of July 2020, businesses in this category are needed to submit an application for Udyam Registration.

Note the following for businesses that register before June 30, 2020:-

  • These businesses will be reclassified based on the new criteria announced in a notice from June 26, 2020.

  • Such businesses that sign up before June 30, 2020, will only be good until March 31, 2021.

INFORMATION IN UDYAM REGISTRATION UPDATED

The business that already has the Udyam registration number is required to make any necessary updates to its information using the online Udyam Registration Portal. In the event that the business is not successful, it faces the possibility of having its status revoked.

The categorization of the business must be modified so that it corresponds with the most recent information obtained from either the tax return on income or the tax return on goods and services. The modification, if there is one, as well as the impact it has is detailed below.

Type of updationEffects of updating
Upward graduationThe business will keep its current status for one year after the registration year ends.
Downward graduationThe business will keep doing what it is doing until the end of the fiscal year. The gain of the new situation will be seen in the next financial year.

UDYAM REGISTRATION ADVANTAGES

The following are some advantages of Udyam Registration:

  • It’s easy to get a bank loan of up to 1 Cr without Collateral/ Mortgage.
  • Special Preference in Buying Government Tenders.
  • Bank Overdraft (OD) interest rate is lowered by 1%.
  • Changes to electricity bills.
  • Protection against Buyers who don’t pay when they should.
  • Tax Rebates.
  • Special 50 percent savings on Trademark and Patent fees from the government.
  • Rapid Resolution of Disputes.
Apply Now

CURRENT ACCOUNT OPEN

A current account is a type of bank account that helps workers and businesspeople run their businesses. By using an online current account, business owners can get a number of perks, such as:

  • You can do a lot of business.
  • Personalised parts
  • Services for online banking

Online current accounts make things easier and let you do your banking at any time and from anywhere.

READY TO GROW YOUR BUSINESS?

  • Zero Balance Current Account
  •  just 5 minS
  • Free Current Account Powered by ICICI Bank
Apply For Current Account

FAQS

The Udyam Registration is the new method of MSME Registration that will be implemented on July 1, 2020 by the Ministry of Micro, Small, and Medium Enterprises.
Visit LegalDocsAdvisor to get Udyam registration done in a simple way. Read our part on “How to Register MSME Using Udyam Registration Portal?” to learn how to register on the site right away.
Udyam Registration with legalDocs Experts would cost you Rs 999/-.
The new MSME filing process is all done online, there is no paperwork, and it is based on what the business owner says. When creating an MSME, you don’t have to send any papers or paperwork. When filling out a form, you may still need your Aadhaar card, PAN card, and bank account information.
Yes, Udyam registration is required in India.
  • Tax Benefits
  • Easy Clearance of
  • Payments Still Due
  • 50% off fees for patents and trademarks
  • Lesser Interest Rates For Bank OverDraft(OD) 
  • Eligible for Mudra Loan Plan
  • Use government contracts. Easily