UDYAM Registration
UDYAM Registration

Prop. Documents:

Pan
Aaadhar
Photo

Other Documents:

Electricity Bill
Rental Agreement

Includes: Registration
Duration: 7 Working Days

UDYAM Registration

Udyam Registration, which is also referred to as MSME Registration, is the updated process for registering Micro, Small, and Medium Enterprises (MSMEs) that was implemented by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. At the same time, the Ministry made changes to the MSME classification criteria. In this system, an enterprise is called ‘Udyam,’ and the registration process is known as ‘Udyam Registration.’ After successfully registering with MSME, businesses are provided with a permanent registration number and a recognition certificate.

Kanoons is here to assist you in simplifying the Udyam Registration process. Our team of professionals is highly knowledgeable about MSME registration and can assist your business in obtaining its Udyam Registration quickly and smoothly. With our expert assistance, you can easily navigate the paperwork and compliance requirements, guaranteeing that your business receives all the benefits and recognition associated with Udyam Registration. Opt for Kanoons to easily obtain your official MSME certification without any complications.

Regular Price
Offer
Incl. GST
GST Credit
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Gov. Fee

: ₹4999
₹2499
: ₹2948.82
: ₹449.82
: ₹2501(50%)
: Included

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Required Documents

Regarding the documents needed for the Online Udyam Registration process, it’s important to mention that the application relies on self-declaration. Therefore, there is no need to upload any extra documents during the registration process. Applicants are required to provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to ensure a smooth and efficient registration process.

Obtain your Udyam Registration Certificate

After successfully completing the Udyam Registration process, you will receive an online certificate that includes a dynamic QR code. This QR code provides convenient access to the enterprise’s information.

Udyam Registration Renewal

The Udyam Registration Number is a long-lasting identification number that doesn’t require regular renewal.

MSME Definition:

The definition of MSME (Micro, Small, and Medium Enterprises) has experienced notable modifications with the implementation of the Atmanirbhar Bharat package.

These revisions now take into account a comprehensive set of criteria, including investment and turnover, with higher thresholds. Furthermore, the previous differentiation that once existed between the service and manufacturing sectors under MSME classification has been eliminated.

To gain a clearer understanding, please refer to the table provided below:

Composite Criteria: Investment in Plant / Machinery and Turnover
Sl.No Type of Enterprises Investment Turnover
1 Micro enterprises Less than Rs.1 Crore Less than Rs.5 Crore
2 Small enterprises Less than Rs.10 Crore Less than Rs.50 Crore
3 Medium enterprises Less than Rs.20 Crore Less than Rs.100 Crore

When should you consider Udyam Registration?

Applying for MSME Udyam Registration is not mandatory and is completely up to the entrepreneurs. However, it is advisable for most businesses to consider MSME registration soon after establishment in order to take advantage of the various government benefits.

Benefits of Udyam Registration

Getting Udyam Registration is a simple process that removes the hassle of paperwork. There are several advantages to obtaining Udyam Registration for your business:

  1. Government Tender Procurement with Special Preference.
  2. Accessing Bank Loans without Collateral or Mortgage.
  3. 1% Interest Rate Exemption on Bank Overdraft (OD).
  4. Eligibility for Various Tax Rebates.
  5. Government Licensing and Certification: Priority Consideration.
  6. Exploring tariff subsidies and tax and capital subsidies available for registered Udyam enterprises.
  7. Electricity Bill Discounts Available.
  8. Ensuring Safeguard Against Late Payments from Buyers.
  9. Tax Rebates.
  10. Enjoy a generous 50% discount on government fees when filing for trademarks and patents.
  11. Fast-tracked Dispute Resolution.

Who is eligible to apply for Udyam Registration?

If you’re interested in establishing micro, small, or medium-sized enterprises (MSMEs) in India, Udyam Registration is open to a wide range of entities and individuals. Applicants who meet the necessary criteria are:

  1. Proprietorships are businesses operated by individuals.
  2. A Hindu Undivided Family (HUF) is a business entity that is created by the members of a Hindu Undivided Family.
  3. Partnership Firm: Businesses run by a group of partners.
  4. A One Person Company (OPC) is a type of company that has only one member.
  5. A private limited company is a type of company that offers limited liability and usually has multiple shareholders.
  6. Public Limited Company: A company that has limited liability, just like any other limited liability company.
  7. Producer Company: A company focused on producing, procuring, and marketing agricultural produce.
  8. LLP: A partnership structure that offers limited liability protection for its partners.
  9. Any Association of Persons: Groups of individuals or entities joining forces for a shared objective.
  10. Co-operative Societies: Societies formed by individuals who share common economic and social goals.

Kanoons is a reliable and experienced partner for helping you with MSME registration. Our team of experienced professionals is ready to help you navigate the MSME registration process with ease. We have a wealth of knowledge in company registrations and compliance matters, ensuring a seamless experience for you. Allow our experts to manage the intricacies, enabling you to concentrate on expanding your business and taking advantage of the assistance and benefits provided for registering MSMEs in India.

Are you prepared to register your MSME? Speak with our knowledgeable professionals today and begin your path to success with assurance!

MSME compliances

Section 9 of the MSMED Act outlines the companies that must comply with MSME Form 1, which is of utmost importance.

These particular companies are required to submit MSME Form 1 to the Ministry of Corporate Affairs (MCA) every six months.

The listed companies are required to submit an annual return of outstanding payments to MSMEs to the Registrar of Companies (ROC) every year, which includes information on the amount due for payment and the reason for the delay. Companies are eligible to file MSME Form 1 if their outstanding payment to MSME suppliers has exceeded 45 days.

MSME Form 1 (MCA)
MSME Form 1 provides the registrar with comprehensive and thorough information regarding any outstanding payments to micro or small enterprises that have been pending for over 45 days in a half-year. The Ministry of Corporate Affairs has implemented new measures to enhance the protection and safeguarding of the interests of small businesses or enterprises.

Specified enterprises operating in India as MSME are required to file MSME Form 1 on a half-yearly basis. In order to resolve the outstanding fees, these businesses are required to submit the form within 30 days of receiving the notification.

Here are the MSME compliances you need to be aware of:

  1. Every MSME operating in India has a match. Compliance is essential for running MSME businesses.
  2. Section 9 of the Micro, Small, and Medium Enterprises Development (MSMED) Act 2006 defines MSME Form 1. It is crucial to submit the form within the designated deadline.
  3. Every MSME in India is required to submit MSME Form 1 to the Ministry of Corporate Affairs of India every six months.
  4. Directors, CS, CEOs, CFOs, and Managers have the authority to sign MSME Form 1 electronically on behalf of the company.
  5. Details of DIN for directors, managers, company secretaries, CEOs, and CFOs Please provide your PAN card details.
  6. When it comes to a supplier, it is important to provide the necessary information such as the FYI form, supplier name, PAN details, amount due, date from which the amount was due, reason for late payment, and any optional attachments, if applicable. Every supplier is required to provide this data.

Basic

₹3500

₹2499/-

  • Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • GST Registration
  • 3M GST Return Filing
Professional

₹7500

₹5499/-

  • Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • GST Registration
  • 3M GST Return Filing
Premium

₹15500

₹7499/-

  • Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • GST Registration
  • 3M GST Return Filing

*Account Opening: We just assist you in opening Current Account in one of our partner’s bank.

No Late Fee

It has been observed that numerous small businesses incur significant penalties every year for late filing of various statutory returns to the Government. These penalties are non-tax-deductible and can adversely affect the profitability of these enterprises. At Kanoons, our primary objective is to offer cost-effective services to our clients and assist them in avoiding any late fees. In line with our commitment, we have developed cutting-edge technology that enables businesses to stay ahead of compliance requirements and prevent any penalties. Explore our range of compliance services below to ensure smooth and hassle-free operations.

FAQ

UDYAM: What is it?

The Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, has launched an online portal called UDYAM. It is an online registration platform designed to make the process of launching and operating a small business easier for MSMEs.

What is the purpose of UDYAM registration?

The UDYAM registration aims to offer a distinctive identification number for MSMEs in India, streamlining the process of initiating and managing a small business. Having the registration number provides concrete evidence of MSME status, enabling access to a range of government benefits and schemes.

How can I register for UDYAM?

Small and medium-sized enterprises can easily register for UDYAM on the official UDYAM website. They just need to provide some basic information about their business and upload the necessary documents. The registration process is straightforward, convenient, and can be easily completed online.

What is the typical timeframe for obtaining UDYAM registration?

The time required for UDYAM registration can vary, but it generally takes around 1-3 working days to complete the registration process.

What is the duration of UDYAM registration?

The UDYAM registration remains valid indefinitely, unless it is cancelled by the MSME or the government.

How can small and medium-sized enterprises update their UDYAM registration information?

Small and medium-sized enterprises have the option to easily update their UDYAM registration information by accessing the official UDYAM website and making the required modifications.

What sets Udyog Aadhar apart from UDYAM?

The platform was initially known as Udyog Aadhar before it was rebranded as UDYAM. The names are synonymous with each other.

What are the benefits of UDYAM for MSMEs?

UDYAM streamlines the process for MSMEs, simplifying the acquisition of necessary approvals and certifications for entrepreneurs to successfully establish and operate their businesses. Small and medium-sized enterprises that have a UDYAM registration number can take advantage of a range of benefits and schemes provided by the government. These include collateral-free loans, subsidies, tax benefits, and technical support, among other things.

Is UDYAM registration mandatory for MSMEs?

No, UDYAM registration is not mandatory for MSMEs. Registering for UDYAM can be highly advantageous for MSMEs, as it allows them to access a wide range of benefits and schemes provided by the government. Additionally, it streamlines the process of initiating and managing their businesses.

What documents do I need for UDYAM registration?

For UDYAM registration, you’ll need to provide certain documents. These include the PAN card of your business, address proof of your business, and the GST registration number if it applies to you.

Is it possible for a non-individual entity to register for UDYAM?

Indeed, UDYAM allows for the registration of non-individual entities like partnership firms, private limited companies, or limited liability partnerships.

Is it possible to cancel a UDYAM registration?

Indeed, the cancellation of a UDYAM registration is possible in case of any violations of terms and conditions or if the government discovers any false information in the registration.

What advantages does UDYAM registration offer to MSMEs?

As a business owner, you can enjoy several advantages by registering for UDYAM. These include receiving a distinctive UDYAM registration number, gaining access to various government benefits and schemes, effectively managing taxes and compliance, receiving valuable business advice and support, and enhancing your visibility in the market.

Are there any charges for UDYAM registration?

There is no fee for UDYAM registration.

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