What is Udyam MSME Registration?
Udyam MSME (Micro, Small, and Medium Enterprises) Registration is a government initiative in India that provides recognition and support to micro, small, and medium-sized enterprises. It replaces the previous system of MSME registration known as Udyog Aadhaar registration. The Udyam MSME registration process is facilitated by the Ministry of Micro, Small, and Medium Enterprises (MSME).
Benefits of Udyam MSME Registration
The key features and benefits of Udyam MSME registration include:
Simplified registration process: Udyam registration is a simplified online process that requires basic information about the enterprise, such as PAN (Permanent Account Number) and Aadhaar number of the business owner or authorized signatory.
Classification of enterprises: Udyam registration classifies enterprises based on their investment in plant and machinery or equipment and turnover. The classification includes micro, small, and medium enterprises, allowing them to avail specific benefits and support schemes.
Recognition and support: Udyam registration provides official recognition as an MSME, which enables enterprises to access various government schemes, incentives, and benefits specifically designed for MSMEs. These may include subsidies, financial assistance, priority in government procurement, access to credit, and more.
Ease of doing business: Udyam registration simplifies compliance requirements for MSMEs by providing a unique identification number and eliminating the need for multiple registrations. It helps in streamlining the business operations and enhances the ease of doing business for MSMEs.
Access to credit and finance: Udyam registration serves as a crucial document for MSMEs to obtain loans, credit facilities, and other financial assistance from banks and financial institutions. It provides a formal recognition of the enterprise’s existence and credibility, making it easier to access financial support.
MSME Data Bank: Udyam registration contributes to the creation of an MSME Data Bank, which maintains a database of registered MSMEs. This database facilitates decision-making, policy formulation, and targeted interventions to promote the growth and development of the MSME sector.
Documents required for Udyam MSME Registration
To complete the Udyam MSME registration process, the following documents and information are typically required:
Aadhaar Number: The Aadhaar number of the business owner or the authorized signatory is mandatory for Udyam MSME registration.
PAN (Permanent Account Number) Card: The PAN card of the business owner or the authorized signatory is required for Udyam registration.
Business Name and Type: The name of the business entity and the type of organization, such as proprietorship, partnership, LLP, or private limited company, should be provided.
Official Address of the Business: The complete address of the business premises, including city, district, state, and PIN code, needs to be mentioned.
Bank Account Details: The bank account number and the IFSC code of the business entity’s primary operating bank account should be provided.
Investment Details: For enterprises involved in manufacturing or production, the investment in plant and machinery is required. For service-based enterprises, the investment in equipment is to be mentioned.
Employment Details: The number of employees engaged in the business is to be specified.
Additional Information: Other details such as the date of establishment of the business, previous registration details (if any), and the nature of the business activity or services provided need to be provided during the registration process.
Frequently Asked Questions related to Udyam MSME Registration
Here are some frequently asked questions (FAQs) related to Udyam MSME Registration along with their answers:
Q1: What is Udyam MSME Registration?
A1: Udyam MSME Registration is a government initiative in India that provides recognition and support to Micro, Small, and Medium Enterprises (MSMEs). It replaces the previous Udyog Aadhaar registration system and enables MSMEs to avail various benefits, incentives, and schemes offered by the government.
Q2: Who is eligible for Udyam MSME Registration?
A2: Any business entity that falls under the definition of Micro, Small, or Medium Enterprises, as per the MSME Development (Amendment) Act, 2021, is eligible for Udyam MSME Registration. The eligibility criteria are based on investment in plant and machinery or equipment and turnover of the enterprise.
Q3: How can I register for Udyam MSME?
A3: Udyam MSME registration can be done online through the official Udyam registration portal (https://udyamregistration.gov.in/). The registration process requires providing basic details about the business, such as Aadhaar number, PAN card details, business address, investment, and employment details.
Q4: Is Udyam MSME Registration mandatory?
A4: Udyam MSME Registration is voluntary and not mandatory. However, it is recommended for eligible MSMEs to register as it provides official recognition, facilitates access to government schemes, and simplifies compliance requirements.
Q5: Can I update or modify my Udyam registration details?
A5: Yes, you can update or modify your Udyam registration details online through the Udyam registration portal. Changes related to the business address, contact details, and other relevant information can be made as required.
Q6: Is there any fee for Udyam MSME Registration?
A6: The Udyam MSME Registration process is free of cost. There is no fee charged for registering on the official Udyam registration portal.
Q7: What are the benefits of Udyam MSME Registration?
A7: Udyam MSME Registration provides several benefits to registered MSMEs, including access to government schemes, financial assistance, subsidies, priority in government procurement, credit facilities, and various support programs aimed at promoting the growth and development of MSMEs.
Q8: Do I need to renew my Udyam registration?
A8: Udyam registration does not require renewal. Once registered, an enterprise retains its Udyam registration status permanently, unless it outgrows the defined limits of micro, small, or medium enterprise category.
Q9: Can I register multiple enterprises under Udyam MSME Registration?
A9: Yes, you can register multiple enterprises under Udyam MSME Registration. However, each enterprise should meet the eligibility criteria for MSME classification.
Q10: What is the Udyam Registration Certificate?
A10: After successful registration, the Udyam Registration Certificate is issued, which serves as an official recognition document for the registered MSME. It contains the unique Udyam Registration Number (URN) and other essential details of the enterprise.
It is important to note that the answers provided above are general in nature and may vary based on specific circumstances. For accurate and detailed information, it is advisable to refer to the official Udyam registration portal or consult with professionals familiar with Udyam MSME Registration processes.
Looking for the Best Udyam MSME Consultants in India? Connect with India’s top consultants to obtain the most accurate and current information on Udyam MSME Registration, including eligibility criteria, required documents, fees, and registration procedures. These experienced professionals can guide you through the process and help you obtain Udyam MSME Registration anywhere in India without any difficulties. With the correct information and consultants, you can save valuable time, effort, and money.
Given below is the list of Top 5 Udyam MSME Consultants in India
WeR Consultants
WeR Consultants LLP provides a range of services to assist entrepreneurs in India, including Company Registration, GST Registration, ISO Certification, Accounting services, Audit Services, Copyright Registration, Trademark Registration, Trade License, Shop and Establishment registration, Import Export Code Registration, MSME Registration, FSSAI Registration, and Consultancy services.
Their goal is to make it easy and affordable for entrepreneurs to start and run their businesses successfully, while providing peace of mind. WeR Consultants LLP was founded in Mumbai in October 2014, and has since expanded to eight cities across India. They have an in-house team of professionals to ensure efficient service delivery throughout India.
WeR Consultants LLP takes a practical approach to business and legal compliance, and is committed to providing clients with cost-effective and flexible solutions with integrity. They strive to build lasting partnerships with clients and the community, and their vision is to simplify Company Registration, GST Registration, FSSAI Registration, and related services for entrepreneurs, companies, and business owners.
Contact WeR Consultants
Office: D-8,Plot no 1,ARUNODAY CHS LTD ,GORAI-1,Behind Maxus cinema,BORIVALI WEST ,MUMBAI-400092,Maharashtra
Call: 7715923881, 8767805809
Website: https://www.werconsultants.com
Osgan Consultants
Osgan Consultants Pvt. Ltd. offers a variety of valuable services to the trade and industry, including Industrial Licensing, Financial & Technical Collaboration approvals, Export Incentives and Licensing, Import Licensing, Deemed Export Incentives, Export House status, Allotment of Import Export Code Number, Duty Drawback, Project Imports, and more.
Founded in 1999, Osgan Consultants is a multi-disciplinary consultancy organization with a strong focus on export incentives. Their experience in relevant industries provides them with a business-oriented approach to Foreign Trade Policy and related matters. With expertise in Foreign Trade Policy, Customs Procedures, and related issues across various sectors and industries, Osgan Consultants offers end-to-end solutions in areas such as import and export, foreign investments, and company/subsidiary formation.
Osgan Consultants consult, plan, and execute benefits available under the Foreign Trade Policy and other relevant laws and procedures. They also handle documentation, representation, and follow-up with authorities such as DGFT, Customs, Excise, RBI, Administrative Ministries, and other related departments until the benefits are delivered.
Contact Osgan Consultants
Office: E-24 Basement, Lajpat Nagar – III, New Delhi – 110024
Call: 9811226085
Website: http://osganconsultants.com
MS Legal Associates
MS Legal Associates provides a wide range of services to assist businesses in India with legal compliance and registration requirements. These services include Company Registration, Legal Documentation, GST Registration, ISO Certification, TIN Registration, Copyright Registration, Trademark Registration, Trade License, Shop and Establishment registration, Import Export Code Registration, MSME Registration, FSSAI Registration, and Consultancy services.
With unparalleled legal expertise in critical business areas, MS Legal Associates is committed to providing efficient, commercially sound, and result-oriented solutions to clients. They value the trust and beliefs vested in them by their clients and professional contacts, and provide dedicated service with an honest and direct approach in all dealings.
MS Legal Associates is well-equipped to handle client issues promptly and effectively, with an international capability focused on Indian law and jurisdiction. They work with international law firms, accountancy practices, and various professional advisors to offer clients a complete legal solution, truly committed and global in attitude and service offering.
Contact MS Legal Associates
Offices: Bangalore, Kerala, Hyderabad, Chennai
Call: 9980677677
Website: http://www.mslegalassociates.in
ADCA
ADCA is a chartered accountants firm based in Bangalore, offering a wide range of services to businesses in India. Their services include Company Registration, GST Registration, Tax consultancy, FSSAI License, PAN, TAN, IEC Code, Shop & Establishment Registration, Udyam MSME Registration, Company Law and Allied Services, and Auditing and Assurance Services.
ADCA is managed by qualified Chartered Accountants, Company Secretaries, Corporate Financial Advisors, and Tax consultants. They strive to provide high-quality services to their clients and are committed to delivering solutions that meet their specific business needs.
Business Establishment Services
- Advice on selecting Right structure for registration
- Registration of Pvt Ltd,LLP, Partnership firm, Propreitorship firm,Trust, Society etc
- Obtaining post registration licenses & Registration
- PAN, TAN, GST, IEC,MSME, PF, ESI, Shop & Establishment, PT, Factory Licese,pollution Control.
- Breifing on compliance requirement for different type of business/ structure.
Auditing & Assurance Services
- Statutory Audit under the Companies Act, LLP Act, and other laws
- Internal & Management Audits
- Stock & Revenue Audits
- Tax Audits
Taxation
- Income Tax Advisory & Compliance
- GST Advisory & Compliance
- Custom duty Advisory & Compliance
- Advisory & compliance under PT, and other Tax Laws.
- NRI Services
Company Law, FDI, ODI Compliances
- Company and LLP Incorporation
- Various Compliances under Companies Act, LLP Act, SEBI
- FDI, ODI, FEMA Compliances
- ESOP, Investor agreement other legal advisory Services
Outsourcing & CFO Services·
- Accounting & Book Keeping Services
- Payroll Services
- Due Diligence
- Business Valuation
- Project Report & Loan Syndication
Contact ADCA
Office: No 1169, I Floor, 5th Main, Opp: Vasudeva Adigas
HSR Layout 7th Sector, Bangalore -560102
Call: 7303414760
Website: https://adca.in
Suvidha Consultants
Suvidha Consultants is a consultancy firm in India that specializes in providing services such as Project Report, Bank Finance, Pollution Control Certificate, FSSAI, SWID Certificate, GeM Registration, Udyam MSME Registration, and Techno Economic Viability (TEV) Study. With over 15 years of experience, Suvidha Consultants have helped numerous clients in establishing MSME and large-scale entities by providing project consultancy, debt syndication, assistance in procuring government subsidies and incentives, as well as statutory clearances and licenses.
Suvidha Consultants’ expertise lies in making the process of achieving clients’ goals faster and more convenient, providing superior experiences across different channels. They are empaneled consultants of various banks and financial institutions, and can help clients obtain pollution clearances, FSSAI and SWID certificates for their businesses, and assist with detailed project reports, bank finance, government incentives, and subsidies.
Contact Suvidha Consultants
Office: 14, S. P. Mukherjee Road, 3rd Floor, Shree Balaji Sadan, Kolkata – 700 025, West Bengal
Call: 9051029900
Website: https://www.suvidhagroup.in
How to Find the Right Udyam MSME Consultant?
- Don’t fall into Free Consultation Trap. They might ask you to add your 5 star review to their fake business listing. Refuse. It will harm others.
- Find out if they have an office. Visit their office, meet in person, check credentials before making a decision. Make sure, their business is legitimate!
- Find out if the consultancy business is registered company. If not registered, walk away, period.
- Don’t trust blindly. Read Business Reviews. Seek References – Real people with real numbers. Call and check credibility.
- Avoid, random, work from home, smooth talking, self proclaimed honest story weaver consultants selling licenses for lowest prices!
- Take your time. Don’t rush. Consult with a number of consultants before you choose the best.
- Don’t pay advance. Be firm on this.
- Check and verify the validity of your license registration directly with the authority before making the payment.