The Union Ministry of MSME has introduced a new online MSME registration process of the enterprise known as ‘Udyam Registration’ to register under the Ministry of MSME on July 01, 2020. The registration process for Udyam was initiated to ease of registration for small-medium enterprise on a single portal and reduces the processing time. And as per the notification of the Indian Government, all existing MSME enterprises registered under Entrepreneur Memorandum EM–Part-II or Udyog Aadhaar Memorandum UAM (MSME/ Udyog Aadhaar) shall re-register again on the Udyam Registration portal on or after the 1st of July 2020.
As per the Indian Government, the definition of MSME - Micro, Small & Medium Enterprises, according to the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Enterprises:
In this article, we have jotted down the benefits and use of Udyog Aadhar and its salient features. Udyog Aadhar is a 12-digit government distinguishing proof number given by the Ministry of MSME to the Small and medium undertakings when they register themselves. In contrast to different elements, a sole owner doesn't have the official acknowledgment of the business. Thus, Udyog Aadhar enrollment is profoundly prudent to them since it gives them an official acknowledgement from the administration of India. It approves their reality also. In any case, different business substances can likewise enroll themselves and profit Udyog Aadhar benefits.
As per the notification issued by the ministry of micro small-medium enterprises on 1st June 2020, MSMEs will now be known as Udyam. And the registration process for an organization as an Udyam will be called Udyam Enrollment Registration. Government Udyam Registration portal is a self-declaration basis portal without adding or uploading any document/ certificate/ paper. Any person who intends to establish micro, small, or medium businesses will have to file for Udyam registration in the online Udyam Registration Portals. The business will subsequently be issued an Udyam Registration Number and an e-certificate namely, ‘Udyam Registration Certificate’. As per the notification of the ministry of the msme, all the existing Indian companies and enterprises shall file and register as Udyam on or before 31st Mar 2021. The old Udyog Aadhaar Memorandum can be upgraded to Udyam registration by verifying/seeding the PAN.
To update Udyog Aadhaar Certificate, applicants can visit our website. They just have to fill the form correctly, and one of the executives will process their application. And make the necessary modification in the certificate as per the requirement. Click here to Update Udyog Aadhaar Registration Certificate. Udyog Aadhaar registration is the old process of registering business as MSME which will be only valid till 31st March, 2021. For those who are already registered their business as Udyog have to update their certificate in Udyam on or before the last date provided by the Government. Udyam Registration is the new process announced by the Ministry Of MSME to register their business as MSME. This process has been announced in order to make the growth of business both nationally or internationally. It was issued on 26th June, 2020 by the Government of India and came into existence from 1st july, 2020.