Udyam Registration For One Person Company (OPC)

The Union Ministry of MSME introduced a new online registration system called Udyam Registration on July 1, 2020. This process was launched to make MSME registration easier, faster, and available through a single online portal.

According to the government’s notification, all existing MSMEs that were registered under Entrepreneur Memorandum (EM–Part II) or Udyog Aadhar Memorandum (UAM) must re-register on the Udyam Registration portal starting from July 1, 2020.

If you already have an MSME or Udyog Aadhar certificate, it is now mandatory to re-register on the Udyam portal.

A one-person company (OPC) is a type of business structure in India where a single individual owns and manages the entire company. It allows a solo entrepreneur to run a company with the benefits of a private limited company, such as limited liability and a separate legal identity.

Any one-person company (OPC) or other business that wants to set up a micro, small, or medium enterprise can also register online through the Udyam Registration portal.

The portal is a single-window system and works on self-declaration. No documents, certificates, or proof need to be uploaded during registration.

All existing MSMEs must re-register under Udyam by 31st March 2021 to continue receiving government benefits and support.

What is Udyam Registration? When was it established?

Udyam Registration is a simple and quick online process for businesses under the Ministry of Micro, Small, and Medium Enterprises (MSME).

The new MSME registration system is completely paperless and based on self-declaration, meaning no documents are required to be uploaded. This system is available through the official Udyam Registration Portal.

Once registered, businesses receive:

• A permanent registration ID called the Udyam Registration Number (URN)
• An e-certificate is known as the Udyam Registration Certificate (URC)

The Udyam Registration process started on July 1, 2020.
Even a one-person company (OPC) can register easily under MSME through this online portal.

Benefits of Udyam Registration for One Person Company (OPC)

Registering your One Person Company (OPC) under Udyam comes with many benefits, as the Government of India supports small and medium businesses. Here are some key advantages:

• Easy access to government tenders
• Low-interest loans with special subsidies
• 15% subsidy on fully automatic machines
• Tariff subsidies for registered businesses
• Collateral-free loans from banks and financial institutions
• Protection from delayed payments
• Special reservation benefits in manufacturing
• Easier process to get licenses and approvals
• Eligibility for CLCSS (Credit Linked Capital Subsidy Scheme)
• Special attention to international trade fairs
• Discount on electricity bills
• No stamp duty or registration fees
• Compensation for ISO certification
• Exemption from some direct tax rules
• Subsidy on NSIC rating fees
• Help with patent and barcode registration
• Eligibility for Industrial Promotion Subsidy (IPS)

These benefits help OPCs save money, grow faster, and run more smoothly.

Documents required for Udyam Registration for One Person Company (OPC)

These are the important documents that are required for Udyam registration on the government portal:

1. 12-digit Aadhar Number
2. PAN Number
3. GSTIN Number
4. Bank account details

New Definition of MSME

Earlier, the MSMEs were defined based on investments only, now the revised definitions will also include both turnover and investment of the company.

New Criteria for Classification of MSME - Micro, Small, And Medium Enterprises

An enterprise shall be classified as a Micro, Small, and Medium Enterprises (MSME) based on the following new criteria, mentioned below:

Enterprises	Investment in plant & machinery/equipment
Micro Enterprises	The investment in plant & machinery/ equipment does not exceed Rs 2.5 crore and turnover does not exceed ₹10 crore.
Small Enterprises	The investment in plant & machinery/ equipment does not exceed ₹25 crore and turnover does not exceed ₹100 crore
Medium Enterprises	The investment in plant & machinery/ equipment does not exceed ₹125 crore and turnover does not exceed ₹500 crore

An enterprise whose business will fall under this category can enroll itself with Udyam registration on the Udyam Portal.

Key Highlight of New MSME Udyam Registration

1. Fully online process Aadhar OTP-based system
2. It is a single-window registration portal
3. No documents need to be uploaded
4. On submission, instant registration no. is generated
5. Udyam Registration Certificate (URC) will have a dynamic QR Code
6. Lifetime Valid certificate
7. No renewal of Registration
8. Any enterprise can file Udyam Registration only once
9. With one Aadhar Number, only one Udyam registration is possible
10. Enterprises that have Entrepreneur Memorandum or Udyog Aadhar Memorandum registration certificate or any other registration issued under the Ministry of MSME will also have to re-register themselves

One Person Company (OPC) Apply for Udyam Registration Today!

After reading this article, you now understand how to register, what the benefits are, and why having a Udyam Registration Certificate is important for your one-person company (OPC).

The good news is, that the Udyam registration process is now very simple, and anyone can easily register their OPC online.

To register your business under Udyam, you only need a few basic documents: Aadhar card, PAN card, GSTIN (if available), and bank account details. This makes the online registration process quick and easy.

Just make sure to fill out the Udyam form carefully and avoid any spelling mistakes. Once registered, your One-Person Company (OPC) can enjoy all the benefits the government offers to MSMEs

You can visit https://msmeregistrar.org to register your One Person Company (OPC) under Udyam. Our Udyam registration experts will handle the full process at low service fees.

Thanks for reading this article!
For more details, visit our website.
If you need help, just fill out the Udyam enquiry form, and one of our team members will call you through the Udyam helpline number.

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