In a Press Release dated 30th June, 2020 the Ministry of Micro, Small & Medium Enterprises (“Ministry”) has informed that the new process of Classification and Registration of enterprises is starting from 1st July, 2020. An enterprise for this purpose will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’.
Key Highlights:
• MSME registration process is fully online, paperless and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME;
• Adhaar Number will be required for registration;
• A Registration number will be given after registration;
• After completion of the process of registration, an Udyam Registration Certificate will be issued;
• This certificate will have a dynamic QR Code from which the web page on the Ministry’s Portal and details about the enterprise can be accessed;
• There will be no need for renewal of Registration;
• PAN & GST linked details on investment and turnover of enterprises will be taken automatically from the respective Government data bases;
• MSME Ministry’s online system will be fully integrated with Income Tax and GSTIN systems;
• Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will also have to re-register themselves;
• No enterprise is supposed to file more than one Udyam Registration. However, any number of activities including manufacturing or service, or both may be specified or added in one Registration;
• Government ‘s Facilitation mechanism in the name of single window systems at Champions Control Rooms and at DICs will help people in this process;
• Registration Process is totally free. No Costs or Fees are to be paid in this regard.
Ministry has further clarified that except the portal of Government of India (www.udyamregistration.gov.in) and Government’s Single Window Facilitation Systems, no other private online or offline system, service, agency or person is authorized or entitled to do MSME Registration or undertake any activity related with that process.
Source: Ministry of Micro, Small & Medium Enterprises
