MSME Registration

Introduction

Any person who intends to establish a micro, small or medium enterprise in India may file Udyam Registration online on the Udyam Registration portal of Ministry of MSME, Govt. of India. The registration is based on self-declaration with no requirement to upload documents, papers, certificates or proof.
On registration, an enterprise (referred to as “Udyam” in the Udyam Registration portal) will be assigned a permanent identity number to be known as “‘Udyam Registration Number”.
An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process.

An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: -

A micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
A small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
A medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

Who is eligible for MSME/UDYAM registration?

Proprietorships, Hindu Undivided Family (HUF), Partnership Firm, One Person Company, Private Limited Company, Limited Company, Producer Company, Limited Liability Partnership, any association of persons, co-operative societies, or any other undertaking can obtain MSME UDYAM Registration in India.

UDYAM Registration Process

The form for registration shall be as provided in the Udyam Registration portal.
There will be no fee for filing Udyam Registration.
Aadhaar number shall be required for Udyam Registration.
The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).
In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.
In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis.
No enterprise shall file more than one Udyam Registration: Provided that any number of activities including manufacturing or service or both may be specified or added in one Udyam Registration.
Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.

Benefits of having MSME/UDYAM Registration Certificate

The Udayam Registration is a simple process and there is no need to handle the paperwork for obtaining Udyam Registration. Having Udyam Registration for your Enterprise entitles your Business to the following benefits:

Special Preference in Procuring Government Tender
Udyam registration will help to get the bank loans without Collateral/ Mortgage. 1 percent Exemption on the interest rate on Bank Overdraft (OD)
There are various tax rebates available for Udyam registered enterprises.
Higher preference is provided to businesses registered under Udyam for government license and certification.
Registered Udyam gets tariff subsidies and tax and capital subsidies
Concession in Electricity Bills
It gives protection against the delay in payment from Buyers
Tax Rebates
Special 50% discount on Government fees for Trademark and Patent filing
Fast Resolution of Disputes

Costing and Timeline to get MSME/UDYAM Registration Certificate

There is no Government fee for MSME/UDYAM Registration Certificate. The entire process is Online and it can be getting the Registration Certificate in same day.
Power India Services is helping to the Enterprises to get the MSME Certificate.
For Smooth and Seamless Services, you may contact with us on +91-7217698176