Udyam Registration in India or MSME Registration or SSI registration is a certificate that is provided to micro, small, and medium-sized businesses in India under the MSME Act, 2006. Udyam registration in India was earlier known as MSME registration. The primary objectives of the Micro, Small and Medium enterprises concerning the Udyam registration is as follows:
Not all businesses require to obtain Udyam registration in India. The entities that are mentioned below that are classified as micro, small or medium enterprises based on the investment in plant and machinery are eligible for Udyam registration.
|Micro Enterprises||Up to Rs. 25 lakh investment in plant and machinery.|
|Small Enterprises||Up to Rs. 5 crore investment in plant and machinery.|
|Medium Enterprises||Up to Rs. 10 crore investment in plant and machinery.|
Composite criteria of investment and turnover should be applied for the classification of an enterprise as micro, small or medium.
If the enterprise is crossing the ceiling limits that are specified for the present category in either of the two criteria of investment or turnover it will cease to exist in that category and will be placed in the next higher category but no enterprise should be placed in the lower category unless it is going below the ceiling limits that are specified for the present category in both investment as well as turnover criteria.
All the units that have a valid GSTIN which is listed against the same PAN are to be collectively treated as one enterprise and the turnover and the investment figures of these entities should be seen together and only the aggregate values will be considered for deciding the category as a micro, small or medium enterprise.
In case if the applicant or an authorized signatory does not have a valid Aadhar Card then the applicant must first apply for an Aadhar card at an Aadhar enrolment center. Once the Aadhar is obtained the Udyam Registration can be initiated.
To obtain Udyam registration following steps should be followed:
We at IndiaFilings help you get the Udyam registration in India in a completely paperless manner.
A business consultant reaches to you first and understands your requirement.
The Consultant will explain the whole process and brief you about the documents that are documents required to obtain the Udyam registration in India.
Once the documents are collected and payment is initiated. A relationship manager is allocated who further carries out the process of registration.
Our Relationship managers make sure that the process is seamless by regular follow-ups and proper consultation.
Avail a range of banking services through IndiaFilings.com. IndiaFilings can help you open a current account, get a payment gateway or avail loans through our Partner Banks.
Last updated: Dec 10, 2021