Startup Innings

MSME – Udyam Registration

An MSME registration can also known as Udyam Registration which comprises of a government sign-off provided along with the Recognition Certificate and a Unique Numbersome is the online registration process.

 

This application is based on the self-declaration and in this further requirement of documents, papers, or proofs for uploading is not mandatory. Aadhar number is mandatory for MSME registration .In Micro enterprises investment should not be more than INR 1cr and turn over not more than 5cr.Similarly for Small enterprises the investment should not be more thanI NR 10cr and turnover will be not more than INR50cr and in Medium enterprise not more than INR 50cr and turnover not more than INR250cr

 

Export turnover of goods or services or both shall be excluded while calculating turnover for the purpose of classification,
Turnover as per Income Tax Act shall be considered. The application is based on self-declaration. On successful submission of application, the enterprise will be assigned Udyam Registration Number. And we need Aadhar number is mandatory for obtaining Udyam registration. only one Udyam registration can be filed for an organization .

Udyam registration of new enterprise

The following steps are required for the new enterprise to register
        1.To apply new enterprise for online Udyam Registration in Udyam Registration Portal.
        2.There is no further requirement to upload any documents,papers or proofs because the application of MSME is based on self-declaration.
        3.After submission is done successfully ,Udyam Registration Number is assigned to the enterprise.
        4.After completion of Udyam registration process Udyam registration Certificate is assigned.
        5.For obtaining Udyam registration Aadhar number is mandatory and the Aadhar number should be based on the type of firm.