Simplified Udyam Registration Process for MSME

What is Udyam Registration?

Udyam registration is a new system introduced by the Ministry of Micro Small Medium Enterprises to assign status of micro, small or medium to enterprises in India. Government has various schemes & plans for development of MSME. Hence to implement these schemes & plans government need to verify the status of enterprises. 

Hence by introducing Udyam registration system, government can easily identify the updated status of enterprise. Whether fall under micro, small or medium category & accordingly provide the benefit to enterprise.

Hence we can say in simple words Udyam registration is a system developed by government to identify the updated status of each enterprise.

Why government introduced Udyam Registration?

Udyog Adhaar registration system was being used earlier to register for MSME, which generate registration on self declaration basis once, but after registration there was no change in status of enterprise also no system was available to track the latest status of enterprise. As no further information was available after registration.

Hence it was lacking in the following areas:-

1. No updated information available.
2. No status update functionality on the basis of current position of enterprise.
3. Status allotted at the time of registration remains same even after increase in turnover & investment.
4. No system to track the authenticity of turnover & investment by enterprise.

by introducing Udyam registration system, now :- 

1. Status of enterprise will be updated automatically every year.
2. Turnover & investment data will be fetched from income tax return & GST Return.
3. Authenticity of investment & turnover checked automatically.
4. Status of enterprise will be on the basis of authentic data. 

What are the documents Required for Udyam Registration?

Udyam registration is based only on adhaar number, totally paperless & online process. Hence no document is require to file on Udyam Registration portal. Only information relating to enterprise.

Points to be kept in mind while doing Udyam registration:

1. No fee is payable for Udyam Registration.
2. Permanent registration number will be allotted.
3. PAN & GST linked detail of investment & turnover will be taken automatically from Government data.
4. PAN & GST number is mandatory from 01st April 2021.
5. Only one Udyam registration for one enterprise. Multiple Udyam registration not allowed.
6. After completion of process an online "Udyam Registration Certificate" will be generated.
7. No renewal is required for Udyam Registration.

Online Udyam Registration process for new enterprise:

1. Open website "www.udyamregistration.gov.in"
2. Click on the "For New entrepreneurs who are not registered yet as MSME" option available at home page.
3. Enter aadhaar number for Prop/Partner/Karta/authorized person.
4. Enter name of entrepreneur ?(Name should be as per Aadhaar)
5. Click on Validate & Generate OTP.
6. Enter OTP Code received on your linked mobile.
7. Next step is to select type of organization from drop-down option (Prop/Partnership/HUF/Society etc)
8. Then it will ask for PAN no, you have to confirm whether you have PAN, if you have then click on yes & enter PAN no and validate the same.
9. Provide your mobile no & email id for communication in future.
10. Also provide your social category, selection any one (General/SC/ST/OBC etc)
11. Select your gender from available option (Male/Female/other)
12. Then you will have to select whether physically challenged. (Yes or No)
13. Under next column it will automatically fetch detail of your firm from GSTN portal based on the PAN no provided by you earlier. 
14. Provide office address for communication.
15. Status of your enterprise, whether business already commenced or not. If already commenced & GST registered then it will automatically fetch date of commencement from GST portal.
16. Fill bank detail including Name, IFSC code & Account no.
17. Then select Activity code by drop-down.
18. Provide detail of nos of person employed.
19. Investment & turnover detail will be automatically fetched from GST & Income Tax database.
20. Whether you wish to register for government emarket portal GEM, just select your choice.
21. Whether you wish to register for TReDS, just select your choice.
22. On the basis of office address provided by you, District Industry Center will be automatically fetched.
23. Click on declaration & then submit & final OTP.
24. Validate by OTP received, now your organization is registered as Udyam & a certificate of your Udyam Registration you will receive.

Online Udyam Registration process for already registered enterprise:

1. Open website "www.udyamregistration.gov.in"
2. Click on the "For those already having registration as EM-II or UAM" option available at home page.
3. Enter udyog aadhaar number.  
4. Click on OTP option from Mobile or Email id as filled in application.
5. Enter OTP Code.
6. A confirmation message will show "Thanks for verifying your details, Please revisit us after sometime to complete the process. Your details are being confirmed."
7. Visit again after sometime & login again with Udyog aadhaar no & OTP.
8. Follow same process as for new registration mentioned above.

How to print Udyam Registration Certificate?

1. Enter your Udyam Registration Number.
2. Choose any one option for OTP ( One Time Password ).
3. After clicking on 'Validate & Generate OTP' button, you will receive OTP on Selected Option.
4. Enter OTP and click on 'Validate OTP & Print' button. When your entred OTP matches succssfully, you will be auto redirect to Print Certificate.

FAQ FOR UDYAM REGISTRATION:

1. Whether any fee payable for Udyam Registration?

There is no fee is being charges by Government for Udyam Registration.

2. Whether mandatory to have PAN & GST for Udyam Registration.

PAN & GST is mandatory after 01st April 2021 till then its not mandatory to have PAN & GST.

3. Whether mobile no should be linked with aadhaar?

As Udyam registration is issued only on the basis of Aaadhaar no & OTP is sent to verify the applicant. Hence if mobile no is not linked then it will not be possible to verify. Without OTP application will not be processed. Hence first link mobile with aadhaar from aadhaar center & then apply for Udyam Registration.

4. Whether Udyam Registration having any validity period?

Udyam Registration is not having any validity period, it is issued once for an enterprise.

5. Whether require any renewal of Udyam registration certificate?

Udyam registration issued is not require to get renewed again. Its issued once & there is no such condition for renewal. 

6. Whether any Government fee is payable for Udyam registration?

Government is not charging any fee for Udyam registration. Hence NIL fee is payable for Udyam registration.

7.Whether already registered enterprise under udyog aadhar require to re-register for Udyam registration?

All enterprise already registered under udyog aadhar or new enterprise to get status of micro, small or medium enterprise is mandatory require to get itself registered on Udyam portal. Hence Udyam Registration is mandatory for all existing already registered enterprises as well.

DISCLAIMER:- THE ARTICLE IS BASED ON THE RELEVANT INFORMATION AVAILABLE AT THE TIME OF WRITING IT. IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT OR INDIRECT RESULT FROM THIS ARTICLE. THIS IS ONLY FOR KNOWLEDGE SHARING INITIATIVE.

THE AUTHOR - CS. SUDHIR ARYA, COMPANY SECRETARY IN PRACTICE & CAN BE REACHED AT MAILTOSUDHIRARYA@GMAIL.COM OR WWW.SUDHIRARYA.COM

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