UDYAM Registration
(9027)
Get UDYAM registration for your business with the LEDGERS platform to track compliance.
2 Exclusive Offers
2 Exclusive Offers
Offers and discounts
Extension of Udyog Aadhaar Memorandum (UAM) Validity
Businesses under the MSME category can continue using their Udyog Aadhaar Memorandum (UAM) registrations. The Ministry of MSME has announced the extension of the Udyog Aadhaar Memorandum (UAM) validity up to 30th June 2022. This decision is made to help UAM holders to avail benefits of the provisions under various schemes and incentives, including Priority Sector Lending benefits of MSME. For more details on MSME Registration Benefits in India, Click hereSynopsis of MSME Notification
Ministry of Micro, Small and Medium Enterprises (MSME), vide Gazette Notification no. S.O. 2134(E), dated May 6, 2022, has issued an amendment to the original Notification number S.O. 2119 (E), dated June 26, 2020- Through this Notification, Ministry has provided an amendment in Para 7, which deals with registering existing enterprises.
- MSME announced that the existing enterprises registered before June 30, 2020, shall remain valid only from June 30, 2022. Previously the last day of validity was extended from December 31, 2021, to March 31, 2022.
The new system of Udyam Registration
As mentioned above, Last year, on June 26, the MSME issued a Notification number S.O. 2119 (E), changing the definition of MSMEs and introducing a new process for the registration of MSMEs, i.e., Udyam Registration. Per this Notification 2119(E), the Ministry has classified the entity as Micro, Small, and Medium based on the investment in plant, machinery, or equipment. Any person who intends to establish an MSME must file Udyam Registration online in the Udyam Registration portal. The Notification also deals with the following procedures:- Composite criteria of investment and turnover for classification
- Calculation of investment in plant and machinery or equipment
- Calculation of turnover
- Udyam MSME Registration process
- Registration of existing enterprises
- Updating of information and transition period in Udyam Portal
- Facilitation and grievance redressal of enterprises
The validity of the Udyog Aadhaar Memorandum (UAM)
As per this Notification Ministry, they announced that “The existing enterprises registered before June 30, 2020, shall continue to be valid only for a period up to the 30th day of June 2022”. Therefore, it is emphasized that all the existing Entrepreneurs Udyog Aadhaar Memorandum (UAM) obtained until 30.06.2020 will remain valid till 30.06.2022. With this Notification, MSME announced that the validity of the MSME license, which was extended from December 31, 2021, to March 31, 2022, will be extended for some time to allow such MSMEs to migrate to the new portal and continue to receive government benefits. The present MSME registration (Udyog Aadhaar Number (UAN) or E.M.) would become valid till June 30, 2022.Important Announcement for UAM Holders
As mentioned above, the existing registrations as E.M. Part II and UAMs will not remain valid after June 3, 2022. The entrepreneur is strongly recommended to file new registration in the new Udyam Registration Portal. According to the Ministry’s original Notification No. S.O. 2119 (E) dated 26.6.2020 “All enterprises registered till June 31, 2020, will be re-classified under this notification”. It is necessary to enter the latest details to make the re-classification proper and realistic. Note: The entrepreneur should file new registration in the Udyam Registration Portal. Therefore, all enterprises with E.M. Part II and UAMs are advised to register on the Udyam Registration well before 30.06.2022 in Udyam Registration.Udyam Registration
Interested enterprises can register on for free and without any documents. Only PAN and Aadhaar are required for reporting on the Udyam portal.Updating the existing registration detail in the Udyam portal
The current UAM holders can edit or amend the details on the Udyam portal till 30.3.2022. The firms that have not entered the Aadhaar or PAN number so far in the Udyam portal are advised to obtain the” Udyam Registration Number” well before 30.06.2022. Get in touch with IndiaFilings to get the Udyam Registration Number for MSMEs.
Related Guides
Popular Post
Starting a small business can be a transformative venture, offering the exciting opportunity...
Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...
Goods & Services Tax Certificate is issued to people who are registered under GST...
GST registration applies to all individuals and entities supplying goods or services in India. GST...
Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...
The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...
The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...
A trademark search is simply checking if another person or organization does not already own the...
Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...
Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...
The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...
Internal audit applicability is a critical concept for companies in India, impacting various...
In the business world, two main types of companies exist: private company and public company...
Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...
The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...
Depreciation is a key concept in finance and accounting. It helps us manage how the value of...
Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...
The Goods and Services Tax (GST) system in India has been a significant reform in the country's...
India's Gross Domestic Product (GDP) benefits significantly from the substantial...
The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...
The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...