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“Udyam Registration: Register Your Business as an MSME in India”

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OVERVIEW

About Udyam(MSME) Registration

Any person or company who wish to take the advantage of numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of micro, small, or medium businesses, will have to enrol under Udyam. After the successful registration, the business will subsequently be issued an Udyam Registration Number and an e-certificate namely, ‘Udyam Registration Certificate’. As per the notification of the ministry of the msme, all the existing Indian companies and enterprises shall file and register as Udyam on or before 31st Mar 2021. The old Udyog Aadhaar Memorandum can be upgraded to Udyam registration by verifying/seeding the PAN. With a new Udyam registration certificate, the government of India validates the existence of the business.

Types of Organisation falling under Udyam:

  • Microenterprise units: Enterprise with investment up to Rs 1 crore with a turnover of less than 5 crores will now be called small enterprise units.
  • Small enterprise units: Enterprise with investment up to Rs 10 crore with a turnover of less than 50 crores will now be called small enterprise units.
  • Medium enterprise units: Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units

DOCUMENTS REQUIRED

Document Requirement for Udyam Registration

The following documents are required for Udyam registration:

  • Aadhaar card of the proprietor or the authorized signatory of the business
  • PAN card of the proprietor or the authorized signatory of the business
  • Business name, type, and address proof such as electricity bill, telephone bill, or water bill
  • Bank account details including the IFSC code and bank branch address
  • Information about the business activities, investment made, and employment generated by the business

REGISTRATION PROCESS

Registration Process of Private Limited Company

The process of Udyam registration in India can be completed online through the official government portal. The steps involved in the process are as follows:

  • Enter the personal details, including name, gender, category, and PAN number.
  • Provide the business details, including the name of the business, type of business, and address of the business.
  • Enter the bank details, including the bank account number and IFSC code.
  • Provide the NIC code (National Industrial Classification) of the business activities.
  • Upload the required documents, including Aadhaar card, PAN card, and address proof of the business.
  • Submit the application and verify through adhar linked OTP.
  • After that Udyam registration certificate will be generated, and a unique Udyam registration number will be provided.

Why to Choose Us ?

  • Experience: We as a service provider has experience in the field of business registration and is familiar with the latest government regulations and procedures.
  • Customer service: We offer excellent customer service and is available to you throughout the registration process.
  • Cost-effective: In our company, we offer provide service at competitive pricing without compromising on the quality of services.
  • Transparency: We Ensure that the service provided to you is transparent and provides a clear breakdown of the services and fees.
  • Post registration Compliance: We do not only register your business licenses, but also care them like it’s our business. Our clients are always satisfied with our regular update and follow up for all types of their compliance work. We ensure that, any of our clients do not pay any type of penalty and late fees. Our team always ready to solve their query and to even support them to get funding requirement from banks and financial institutions.

Benefit of MSME Udyam Registration

There are numerous benefits of registering and getting Udyam certificate for your business, here we have mention 16 benefits of Udyam registration.

  1. Interest rate Subsidy on Bank loans
  2. Collateral free loans from banks
  3. Protection against delayed payments, against material/services supplied
  4. Special beneficial reservation policies in the manufacturing/ production sector
  5. Ease of obtaining registrations, licenses, and approvals.
  6. MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
  7. International trade fair special consideration
  8. Government security deposit (EMD) waiver (Useful while participating tenders)
  9. Electricity bills concession
  10. Stamp duty and registration fees waiver
  11. ISO certification fees reimbursement
  12. Direct tax laws rules exemption
  13. NSIC performance and credit rating fees subsidy
  14. Patent registration subsidy
  15. Barcode registration subsidy
  16. Industrial Promotion Subsidy (IPS) Subsidy Eligibility

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Client Reviews

Best part of the firm is that, they have all type of business registration service under one roof. We got our RERA registration within very short period of time.
members Aditya Aggarwal:
Director- Youngace Global
I met Registration Guru for incorporation of my company- Zotomart private limited in 2016. Since then, then his firm is handling our all compliances and I am very much satisfied with the service.
members IKBAL HUSSAIN
Director- Zotomart
I was searching for a Tax consultant to save my tax and also to get advice for my future saving and tax benefit scheme. I found the firm on the internet and I was very satisfied to have their service and their expert advice.
members Rajesh Kumar
Head-IT

Frequently Asked Questions ?

The choice of entity depends on circumstance of each case. Private Limited Company has lesser number of compliances requirements. Therefore, generally where there is no requirement of raising of finances through a public issue and the ownership is intended to be closely held by limited number of persons, Private Limited Company is the best choice.

The minimum paid up capital at the time of incorporation of a limited company has to be Indian Rupees 1,00,000 . There is no upper limit on having the authorized capital and the paid up capital. It can be increased any time, by payment of additional stamp duty and registration fee.

The authorized capital is the capital limit authorized by the Registrar of Companies up to which the shares can be issued to the members / public, as the case may be. The paid up share capital is the paid portion of the capital subscribed by the shareholders.

MOA is like a Charter of a Company. Promoter(s) or its/their Authorized Signatory(s) are required to sign MOA in the presence of one or more witnesses stating their full name, father's name, residential address, occupation, number of shares subscribed for, etc

CAOA are byelaws of a company incorporated in India. Promoter(s) or its/their Authorized Signatory(s) are required to sign AOA in the presence of one or more witnesses stating their full name, father's name, residential address, occupation, etc

After filling the above mentioned incorporation documents online, the concerned Registrar of Companies ("ROC") examines all documents. In case the documents are found in order, the concerned ROC issues Certificate of Incorporation ("COI")

On receipt of the certificate of incorporation, a private limited company can start business right away. However, certain local permits are required in most cases.

Yes a foriegn company can incorporate a company or corporation or subsidiary in India. You can give Power of Attorney to an attorney to sign the documents on your behalf. After the Company is incorporated, you can appoint Alternate Directors, to function on your behalf while you are not in India. But at least one director should a resident of India.

You can give Power of Attorney to an attorney to sign the documents on your behalf. After the Company is incorporated, you can appoint Alternate Directors, to function on your behalf while you are not in India. But at least one director should a resident of India.

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