Extension of Udyog Aadhaar Memorandum (UAM) Validity
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 here
Synopsis 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 Ministry of MSME notification about the Extension of Udyog Aadhaar Memorandum (UAM) Validity is as follows:
Extension of Udyog Aadhaar Memorandum (UAM) Validity
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
Know more about the Procedure and criteria for MSME Classification and Udyam Registration
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 https://udyamregistration.gov.in 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.
Post by Renu Suresh
Renu is experience content writer specialised in compliances and company rules.