Can we have two Udyam registrations?

When the enterprises are different, i.e., established under other names and registered or incorporated separately, the enterprise proprietor can apply for MSME registration. However, an enterprise cannot file for more than one Udyam Registration. All the activities, including manufacturing or service, should be specified or added to one Udyam Registration. An entrepreneur can add additional actions to the Udyam Registration by clicking on the ‘Update Details’ option on the homepage.

Is the Aadhar card compulsory for Udyam Registration?

Yes. For obtaining Udyam registration, an Aadhaar card is compulsory. In case an applicant is other than the proprietor, the Aadhaar card of the partner and the director will be required.

Can I obtain more than one Registration on the same PAN?

No, one cannot take more than one Udyam Registration on the same PAN.

What are the uses of Udyam Registration?

MSME registration helps in getting government tenders Under bank loan, 15% import subsidy on fully automatic machinery It becomes easy to get licenses, approvals, and registrations, irrespective of the field of business Compensation of ISO certificate expenditure It helps in getting low-interest rates on loans Registered MSMEs get tariff subsidies and tax and capital subsidies Gets exemption under Direct Tax Laws Concession in electricity Bills Protection against payments (Delayed payments) MSME Samadhan Technology and quality up-gradation support to MSMEs

How long does it take to obtain Udyam Registration?

The processing is dependent on the submission of the documents by the client.

Are there any chances of rejection of Udyam?

The application will be approved based on the information provided by the applicant. The documents and details should be up to date to avoid any chances of rejection.

Is Registration of MSME /Udyog Aadhar replaced with Udyam Registration?

Yes, MSME / Udyog Aadhaar registration is replaced with Udyam Registration. As per the notification of MSME dated 26.06. 2020, Udyam Registration is the new process of Registration launched by the Ministry of Micro, Small, and Medium Enterprises, effective from July 1, 2020.

Is the MSME Udyam registration compulsory?

No. The enterprises that come under the MSME category need not mandatorily apply for MSME registration. However, it is better to obtain MSME/Udyam registration as the government provides a lot of benefits in terms of loan facilities, easy access to credit, low-interest rates, eligibility to many schemes, etc., to the enterprises that have Udyam registration.

Do I need multiple registrations for manufacturing plants in different cities?

No. The MSME/Udyam Registration Certificate is for a single entity irrespective of multiple branches or plants. However, information about various departments or plants must be furnished.

Whose Aadhaar number is required to be entered when filling the MSME registration?

In the case of a company, its authorized signatory should provide the PAN and Aadhaar number while filling in the MSME registration.

Is Aadhar mandatory for Udyam Registration?

Yes, Aadhar is mandatory for obtaining the Udyam registration.

What documents are required for Udyam Registration?

The user will have to provide their 12 digit Aadhar number, PAN Card, and the bank account details of the business for the registration process.

What is the validity of Udyam registration?

The registration is valid till the existence of enterprises and there is no need to renew the registration.

Udyam Registration Online: Simplify with IndiaFilings

Udyam Registration, also known as MSME Registration, represents the revamped method for enrolling Micro, Small, and Medium Enterprises (MSMEs) introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. Simultaneously, the Ministry revised the MSME classification criteria. Under this system, an enterprise is referred to as 'Udyam,' and the associated registration procedure is termed 'Udyam Registration.' Businesses are given a permanent registration number and a recognition certificate following successful MSME registration.

IndiaFilings is your trusted partner when it comes to simplifying the Udyam Registration process. Our dedicated team of experts is well-versed in the intricacies of MSME registration and can help your business secure its Udyam Registration swiftly and seamlessly. With our guidance, you can navigate the paperwork and compliance requirements effortlessly, ensuring that your business enjoys the full range of benefits and recognition that comes with Udyam Registration. Choose IndiaFilings for a hassle-free journey towards official MSME certification."

Udyam Registration Certificate

Upon completing the Udyam Registration process, an online certificate featuring a dynamic QR code will be issued. This QR code enables easy access to the enterprise's details.

Renewal of Udyam Registration

The Udyam Registration Number is a permanent identification number, eliminating the need for periodic renewal.

Udyam Registration Benefits

Obtaining Udyam Registration is a straightforward process that eliminates the burden of paperwork. Benefits of having Udyam Registration for your business include:

Special Preference in Government Tender Procurement.
Access to Bank Loans without Collateral/Mortgage.
1% Interest Rate Exemption on Bank Overdraft (OD).
Eligibility for Various Tax Rebates.
Priority Consideration for Government Licensing and Certification.
Tariff Subsidies and Tax and Capital Subsidies for Registered Udyam Enterprises.
Discounts on Electricity Bills.
Protection Against Delayed Payments from Buyers.
Tax Rebates.
A 50% Discount on Government Fees for Trademark and Patent Filing.
Expedited Dispute Resolution."

Who can Apply for Udyam Registration

Udyam Registration is open to a wide range of entities and individuals looking to establish micro, small, or medium-sized enterprises (MSMEs) in India. Eligible applicants include:

Proprietorships: Individuals running a business on their own.

Hindu Undivided Family (HUF): A business entity formed by members of a Hindu Undivided Family.

Partnership Firm: Businesses owned and operated by multiple partners.

One Person Company (OPC): A single-member company.

Private Limited Company: A company with limited liability, typically with multiple shareholders.

Public Limited Company: A public limited company or any other limited liability company.

Producer Company: A company primarily engaged in producing, procuring, and marketing agricultural produce.

Limited Liability Partnership (LLP): A partnership with limited liability for its partners.

Any Association of Persons: Groups of individuals or entities coming together for a common purpose.

Co-operative Societies: Societies formed by individuals with common economic and social objectives.

MSME definition

The definition of MSME (Micro, Small, and Medium Enterprises) has undergone significant changes with the introduction of the Atmanirbhar Bharat package.

These revisions now consider a composite set of criteria, namely investment and turnover, with increased thresholds. Additionally, the previous distinction that separated the service and manufacturing sectors under MSME classification has been removed.

For better understanding, go through the table attached here:

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 to Consider Udyam Registration?

Applying for MSME Udyam Registration is not obligatory and is entirely optional for entrepreneurs. However, most businesses should pursue MSME registration soon after establishment to avail themselves of the various government benefits.

Documents Required

When it comes to the documents required for the Online Udyam Registration process, it is worth noting that the application is primarily based on self-declaration. As such, uploading any additional documents during the registration procedure is unnecessary. Applicants must only provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to complete the registration process efficiently.

IndiaFilings: Your Expert Partner for MSME Registration

IndiaFilings is your trusted and expert partner for obtaining MSME registration. With extensive experience in company registrations and compliance matters, our dedicated experts are here to assist you seamlessly through the MSME registration process. Let our professionals handle the complexities, allowing you to focus on business growth while enjoying the benefits and support offered to register MSMEs in India.

By choosing IndiaFilings, you will also receive LEDGERS Accounting Software, enabling you to provide estimates and invoices, track purchases, file GST returns, and generate GST e-Way bills efficiently.

Ready to register your MSME? Talk to our experts today and embark on your journey to success with confidence!

UDYAM Registration FAQ's

Who is eligible for Udyog Aadhar?

Anyone wishing to establish a micro, small, or medium enterprise can apply for Udyam Registration.

Partnership Firm
One Person Company
Proprietorships
Private Limited Company
Limited Company
Producer Company
Limited Liability Partnership
Any association of persons
Co-operative societies
Any other undertaking
Hindu Undivided Family (HUF)

Note: As per the Revised Guidelines for MSME, retail and wholesale trades will be allowed to register on Udyam Registration Portal.

What are Udyog Aadhar Fees?

The Registration for MSMEs under Udyam Registration Portal is entirely online, and there is no fee for MSME registrations. It is free of cost.

The registration process can be tedious and time-consuming, but IndiaFilings can help you make it easier. With our assistance, you can quickly get your Udyog Aadhar/Udyam Registration done with minimal effort and hassle.

What is Udyog Aadhar Benefits?

Udyog Aadhar/ Udyam Registration will be an enterprise's permanent registration and primary identification number.
MSME Registration is paperless and based on self-declaration.
Udyam registration is permanent, and there will be no need for renewal.
Any activities, including manufacturing, service, or both, may be specified in one Udayam Registration.
Enterprises may register themselves on GeM (Government e Portal along with the Udyam Registration.
MSMEs themselves can also be onboard on the TReDS Platform
The Udyam Registration may also help MSMEs in availing the benefits of the following Schemes of the Ministry of MSMEs :

Credit Guarantee Scheme
Public Procurement Policy
Additional edge in Government Tenders & Protection against delayed payments.

Udyam registered entity becomes eligible for priority sector lending from Banks.

What is NIC code for Udyam Registration?

The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises.

How many NIC codes can one add to NIC registration?

One can add a maximum of 10 NIC codes for Udyam registration.

What is the Udyam Registration?

Udyam registration is the latest Registration procedure for the Micro, Small, and Medium Enterprises (MSME), launched on July 1, 2020, by the government to ease the registration process.

Who is eligible for Udyam registration?

Anyone intending to establish micro, small, or medium enterprise may apply online. for Udyam registration.

Who is eligible to apply for MSME registration?

MSME registration can be obtained by the following entities that fulfill the revised MSME classification criteria of annual turnover and investment:

Individuals, startups, business owners, and entrepreneurs
Private and public limited companies
Sole proprietorship
Partnership firm
Limited Liability Partnerships (LLPs)
Self-Help Groups (SHGs)
Co-operative societies
Trusts

These entities involved in the following activities are eligible for Udyam registration:

Manufacturing Enterprises
Service Enterprises
Small retailers or wholesalers

What are the definitions of MSME effective from 01/7/2020?

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

Are traders eligible for Udyam registration?

Earlier, the MSME registration covered only manufacturing and service industries. The scheme does not cover trading companies. However, in July 2021, the government announced that the wholesale and retail trade would come under the MSME classification and thus can apply for their wholesale/retail business registration.