MSME Registration

OVERVIEW

Udyam registration is the new process of registration for Micro, Small, and Medium Enterprises (MSMEs) in India. It was introduced by the Ministry of Micro, Small and Medium Enterprises (MSME) as a replacement for the earlier registration process known as Udyog Aadhaar Memorandum (UAM) and MSME registration.

The Udyam registration process is a simple, online self-declaration process. Businesses can apply for Udyam registration by filling out an online form and providing some basic information about their business, such as its name, address, and the products or services it offers. The form can be filled out on the official Udyam registration portal, which is available on the Ministry of MSME's website.

The Udyam registration certificate is a one-page document that serves as proof of registration and can be used to access various benefits and services offered by the government for MSMEs.

To apply for Udyam registration, you need to provide the following details:

PAN Number
GST Number (if available)
Aadhar Number
Business activity
Bank Account details
Investment in Plant & Machinery/Equipment
Employee details etc

It is also worth noting that, as per the new rules, any entity looking to register as MSME and/or take benefits from any government schemes and benefits need to register under Udyam registration. Thus, all existing MSME need to re-register themselves under Udyam and those who are yet to register themselves need to do so, failure to do so can cause penalties and fines.

It's worth noting that Udyam registration is an online, self-declaration process, and the certificate is issued on the same day of the application. It is advisable to take the help of professional or consult with experts for the proper completion of the registration process.Bottom of Form

MSME registration which was earlier known as Udyog Aadhaar registration, helps in the growth of micro, small and medium enterprises. MSME registration is a kind of benefit given by the government for the growth of small businesses.

India is a vast country having vast population with their different business setups. Every business initially starts as a small business and for their growth and expansion, government introduced the concept of MSME registration which helps the small business to grow and expand in this competitive market.

Though MSME registration is not mandatory but it surely gives extra benefits to small business for their growth.

RECOGNITION OF MSME REGISTRATION: MSME registration can be recognized as follows:

Eligibility	MICRO	SMALL	MEDIUM
Manufacturing & Service Sector	Investment< Rs. 1 Crore and Turnover< Rs. 5 Crore	Investment< Rs. 10 Crore and Turnover< Rs. 50 Crore	Investment< Rs. 50 Crore and Turnover< Rs. 250 Crore.

What Is Micro Enterprise? Micro enterprises consists of less than 10 people and it starts with less amount of capital. This type enterprise specially deals in providing goods and services in the local areas only. These type of enterprises are mainly funded by banks. In the developing country like India, micro enterprises are vast in number This type of enterprises are recognized having investment of less than Rs.1 Crore and turnover of less than Rs. 5 Crore.

What is Small Enterprise? A small enterprise consists of more than 10 people and up to 250 employees. This type of enterprises starts their businesses with comparatively more capital as in micro enterprises. These type of enterprises are also termed as mid-sized enterprises. Such enterprises have revenues, employees, assets etc. This type of enterprises are recognized having investment of less than Rs.10 Crore and turnover of less than Rs. 50 Crore.

What is medium enterprise? These type of enterprise neither too large nor too small. Instead these are the way between two. Such type of enterprises run small or medium team of people and also have their place of operation. Medium enterprise covers employees up to 1000 and also has more revenue as compared to micro and small enterprises. This type of enterprises are recognized having investment of less than Rs.50 Crore and turnover of less than Rs. 250 Crore.

What is MSME certificate? MSME certificate is a legal document which has been issued by the MSME ministry with all the details like type of industry, Manufacturing/service details, UAM number mentioned on it. It is a legal document which can be accepted by other concerned authorities to avail any kind of schemes, benefits, concessions etc.

This MSME certificate is valid for life time and does not require any kind of renewal. Once the application has been filed by the applicant for registration of MSME, within few days, the certificate will be issued by the Ministry.

What is UAM number? UAM number is also termed as Udyog Aadhar Memorandum. It is reference number which has been issued by the Ministry of MSME while applying for the MSME registration. This number helps the applicant for further check of the status of its applied MSME registration.

If an applicant forget its UAM number, this can be recovered with the help of registered Mobile number and after validation of OTP.

With the help of this UAM number only, an applicant can download its MSME Registration certification and this is fairly to say that UAM number is as much important for an applicant to get its MSME Registration Certificate.

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What is MSME Return?

Every specified company which falls under the category of MSME is under the obligation to file its MSME returns. Here specified companies are those companies which has not made the payments for more than 45 days for the acceptance of goods and services and such company needs to file their MSME returns. These returns to filed half yearly to the Ministry of Corporate affairs in the prescribed forms with the reason of delay in payments for more than 45 days.Due date for filing of Forms are:

S. No	Half-Year Period of Non-Remittance	Due Date of Filing Returns
1	April-September	31st October
2	October-March	30th April

What is the penalty of non-filing of MSME return? Every specified enterprise which is under obligation of filing MSME returns, if fails will be liable for a fine upto Rs. 25,000/- and every directors/CS would be liable for an imprisonment of six months or fine ranging from Rs. 25,000 to Rs. 3,00,000.

What are the documents required for MSME registration?

For the purpose MSME registration, following documents are required:

PAN Number
Aadhar Number
Address of business
Business Activity details
Bank Account Number
Details of Turnover
Details of Investment
MOA, AOA and COI (In case of Private Limited)
Partnership deed/LLP agreement (In case of partnership firm/LLP)
Details of employees
Purchase and sale bills
Details of plant & machinery
Email and Phone Number
NIC code

What is the fee for Registration of MSME? An applicant can file for MSME registration directly on Udyam Registration Portal. The MSME registration does not requires any kind of Government fee and only documents and details are required for its registration.

What is the process of MSME Registration?

Step 1: MSME registration can be done both online.For new enterprises who has not registered yet; shall visit the Udyam registration portal https://udyamregistration.gov.in/ and Submit the Aadhar Number and Name of entrepreneur.Step 2: After entering the required Aadhar number and other detail; click on “Validate & Generate OTP” option and the applicant will receive OTP on the Aadhar linked mobile number for validation.Step 3: After validation of OTP; the applicant will come to the page where all the details related to its organization and personal details need to be fill by the applicant.Step 4: Once the organization and personal details filled by the applicant, the portal will ask for the investment details, employee details, Bank details and turnover details. After filing these requisite details, click on submit button and applicant will receive one more OTP for final submission of application.Step 5: Once the application will be submitted by the applicant, a UAM number will be generated by the Ministry. With the help of this UAM number, an applicant can track the status of its application on the MSME ministry portal.Step 6: The Department will overview and check all the details mentioned in the application form by the applicant. If all the details and documents are satisfactory for the MSME department; then the department will issue the MSME or Udyam Registration certificate within few days.

Benefits of MSME Registration:

Udyam registration provides a range of benefits to Micro, Small, and Medium Enterprises (MSMEs) in India. Some of the key benefits of Udyam registration include:

Access to credit: Udyam-registered businesses are eligible to apply for loans at lower interest rates from banks and financial institutions. This can help them to expand their operations, invest in new equipment or machinery, or acquire new resources.
Procurement support: Udyam-registered businesses can participate in tenders and procurement processes conducted by the government and public sector undertakings (PSUs). They are also eligible for the Public Procurement Policy for MSMEs, which sets a target for at least 20% of procurement from MSMEs by the central government and PSUs.
Marketing support: Udyam-registered businesses can access various marketing and promotional schemes offered by the government, such as the Pradhan Mantri Advertising and Marketing Assistance for MSMEs scheme, which provides financial assistance for advertising and marketing activities.
Subsidies and incentives: Udyam-registered businesses can avail various subsidies and incentives offered by the government, such as the Credit Linked Capital Subsidy Scheme, which provides a subsidy on the purchase of new machinery and equipment, and the Technology Upgradation Fund Scheme, which provides financial assistance for the upgradation of technology.
Legal recognition: Udyam registration certificate is legally recognized by various government authorities and private organizations.
Eligibility for government schemes: Udyam registration allows MSMEs to be eligible for various government schemes and benefits.
One-page registration process: The Udyam registration process is a simple, online self-declaration process which eliminates the need for submission of multiple documents and makes it easy for MSMEs to register their business.
Ease of doing business: With Udyam registration, MSMEs can easily access various government schemes and benefits, which can help them to grow and expand their businesses.

It’s worth noting that these benefits may vary based on the schemes and policies implemented by the central and state government as well as private organisations. It’s advisable for MSMEs to keep an eye out for new schemes and policies that may be implemented and register their business accordingly.MSME/Udyam Registration has number of benefits for the enterprises. Some of them are as follows:

A MSME registered enterprise can get the loans at lower rates as compare to other enterprises and can also avail the friendly EMI options.
MSME registered applicants can avails benefits on government fee which means MSME registered applicant can get concessions on government fees.
MSME registered applicants can also avail the tax benefits by taking MAT credit.
MSME registered applicant can avail the government tenders easily as compare to other enterprises.
MSME registered applicants are also eligible to get discounts on electricity bills.
MSME registered applicants can also get concessions on their ISO registration fee if the applicant apply with appropriate authority and produce its MSME registration certificate.
MSME registration does not have any expiry date and there is no need to renew the same.
MSME registered applicant can also avail the protection against delay in payment of goods from the buyers but this delay cannot exceed 45 days from the date of payment.

Startup sampark procedure for MSME Registration.

MSME registration is very detailed procedure, which requires keen knowledge, procedure and team of professionals. Each Food license application has its tailored requirements. We at Startup Sampark have a full-fledged, dedicated team of professionals. You are required to fill the form and then our experts will reach out to you, to know the exact requirement and gather further information. Then our experts at STARTUP SAMPARK will be at your disposal for assisting you with guidance concerning MSME Registration and its compliances. Our professionals will assist you in planning seamlessly at the least cost, confirming the successful conclusion of the process. We shall guide you with Do’s and Don’t’s as well. We will begin working on your request once all the information is provided, and the payment is received.

Why STARTUP SAMPARK?

Startup Sampark is one of the platforms which coordinates to fulfil all your Secretarial, Legal, Licensing and Taxation requirements and connect you to consistent professionals. Our team consist of Chartered Accountants, Company Secretaries, Cost Accountants, Advocates, Patent and Designs Agents, Trademarks & Copyright Attorneys, Paralegals and other legal professionals.We are a management consultancy and technology platform to simplify legal and business related matters. We are committed to help start-ups, small business owners and non-compliant businesses in solving their legal, secretarial and taxation compliance related to setting up and running the business smoothly and compliantly.Our clients can also track the assignment progress at all times through a dedicated portal provided to you along with User Id and Password. You can comment and find the resolution and ask questions on the dedicated portal provided to you. If you have any questions about the MSME registration process, our experienced representatives are just a call away.

Step 1: Fill the query form.
Step 2: Our Expert will connect with you
Step 3: Make payment through hassle free payment portal
Step 4: Get confirmation on mail and receive User Login and password
Step 5: Submission of documents with us on our client portal
Step 6: Executive will process your application
Step 7: Track progress of your order all the time on our client portal
Step 8: Greetings, Order completed

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