{"id":14127,"date":"2020-10-14T17:49:27","date_gmt":"2020-10-14T12:19:27","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=14127"},"modified":"2020-10-14T17:51:22","modified_gmt":"2020-10-14T12:21:22","slug":"meaning-process-and-requirements-for-udyam-registration","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/","title":{"rendered":"Udyam Registration-Meaning, Process and Requirements for Registration"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Indian Government in the year 2020 has been taking various measures in order to tackle the adverse situations caused by the pandemic thus emphasizing more on the small business. These small sized or medium sized business forms the backbone of an economy especially for a country like India which is still in the developing phase. In order for a smooth flow of economy it is thus crucial to look after the Micro Small or Medium sized business (MSME) which could further led to the development of the MSME sector.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30c6365c3c1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30c6365c3c1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Overview\" title=\"Overview&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \">Overview&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Meaning_of_Udyam\" title=\"Meaning of Udyam&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \">Meaning of Udyam&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Meaning_of_Udyam_Registration\" title=\"Meaning of Udyam Registration\">Meaning of Udyam Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Classification_of_Enterprises\" title=\"Classification of Enterprises\">Classification of Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Udyam_Registration_Process\" title=\"Udyam Registration Process\">Udyam Registration Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Documents_Required_for_Udyam_Registration_Process\" title=\"Documents Required for Udyam Registration Process\">Documents Required for Udyam Registration Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Registration_of_Existing_Enterprises\" title=\"Registration of Existing Enterprises\">Registration of Existing Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Griveance_Redressal_Related_To_Udyam_Registration\" title=\"Griveance Redressal Related To Udyam Registration\">Griveance Redressal Related To Udyam Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Penalty\" title=\"Penalty\">Penalty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/meaning-process-and-requirements-for-udyam-registration\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview\"><\/span>Overview&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The word \u201cMSME\u201d has been defined under section 7 of the Micro, Small and Medium Enterprises Development Act, 2006.The Finance Minister on 1<sup>st<\/sup> June, 2020 amended the definition of MSME. Section 7(2) of the MSME Act, 2006 states the Central Government shall constitute an advisory committee by notification. The Central Government further notifies certain criteria for the classification of these enterprises as micro, small and medium enterprises and it also specifies the form and procedures for filing the Udyam Registration effective from 1<sup>st<\/sup> July, 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Meaning_of_Udyam\"><\/span>Meaning of Udyam&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any such company or enterprise or business successfully\nregistered under the Ministry of Micro, Small and Medium Enterprises are\nreferred as Udyam under Udyam Registration Portal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Meaning_of_Udyam_Registration\"><\/span>Meaning of Udyam Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Udyam Registration is an online portal for registration for\nmicro, small or medium sized company or enterprises provided by the Indian\ngovernment. Any person who wants to establish any such business may file for\nUdyam registration online in the Udyam Registration Portal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Classification_of_Enterprises\"><\/span>Classification of Enterprises<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Classification-of-Enterprises-Heading.png\" alt=\"Enterprises Classifications\" class=\"wp-image-14186\" width=\"545\" height=\"180\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Classification-of-Enterprises-Heading.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Classification-of-Enterprises-Heading-300x100.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Classification-of-Enterprises-Heading-768x255.png 768w\" sizes=\"(max-width: 545px) 100vw, 545px\" \/><\/figure><\/div>\n\n\n\n<p>An enterprise can be classified as micro, small or medium enterprise\non the basis of the following:<\/p>\n\n\n\n<ul><li>Micro Enterprise- Any investment made in plant should not exceed 1\ncrore and turn over should not exceed 5 crores.<\/li><li>Small Enterprise- Any investment made in plant should not exceed 10\ncrores and the turnover should not exceed 50 crores.<\/li><li>Medium Enterprise- Any investment made in plant should\nnot exceed 50 crores and the turnover should not exceed 250 crores.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Udyam_Registration_Process\"><\/span>Udyam Registration Process<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process for Udyam Registration is quite and simple and\ninvolves following steps:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Infographic-for-swarit-blog.jpg\" alt=\"Udyam registration process\" class=\"wp-image-14212\" width=\"579\" height=\"219\"\/><\/figure><\/div>\n\n\n\n<ul><li><strong>STEP 1-<\/strong> Open <strong>UDYAM REGISTRATION PORTAL<\/strong><sup><a href=\"https:\/\/udyamregistration.gov.in\/Government-India\/Ministry-MSME-registration.htm\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> website.<\/li><li><strong>STEP 2<\/strong>-Fill all the details as asked in the\nregistration form. Make sure all the information entered are filled correctly\nin order to avoid discrepancy.<\/li><li><strong>STEP 3<\/strong>-Make online payment for the\napplication to be registered.<\/li><li><strong>STEP 4<\/strong>&#8211; Any registration executive will\nfurther process the application.<\/li><li><strong>STEP 5<\/strong>&#8211; In next few hours you will receive\nUdyam Registration Certificate on your registered email address.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_Udyam_Registration_Process\"><\/span>Documents Required for Udyam Registration Process<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The <strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/swaritadvisors.com\/msme-registration\">MSME registration<\/a><\/span><\/strong> under Udyam Registration is paperless and is based only on self-declaration.<\/li><li>The form for the purpose of registration shall be as provided on the Udyam Registration Online portal.<\/li><li>No registration fee is applicable for the process.<\/li><li>In case of the proprietorship firm the Aadhar Number shall be of the proprietor, in case of a partnership firm the Aadhar number shall be of the Managing Director and in case of Hindu Undivided Family shall be of Karta.<\/li><li>In case of any company or a LLP or any society or a cooperative society or even a Trust the authorised signatory shall provide its GSTIN and PAN number along with the Aadhar Number.<\/li><li>Any enterprise which is duly registered as an Udyam with PAN, if any discrepancy is found in information related to previous years when PAN was not provided then the same shall be filled up on a self- declaration basis.<\/li><li>Whoever intentionally misrepresents or tries to hide the self declared facts during the process of Udyam registration shall be liable for the penalty as specified under section 27 of the Act.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Registration_of_Existing_Enterprises\"><\/span>Registration of Existing Enterprises<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>All\nexisting enterprises registered under EM-Part II or UAM shall register again on\nthe Udyam Registration Portal on or after the 01.07.2020.<\/li><li>All\nenterprises which were registered till 30<sup>th<\/sup> June, 2020 shall be\nre-classified in accordance with this notification.<\/li><li>The\nexisting enterprises registered prior to 30th June, 2020 shall deemed to be\nvalid only for a period up to 31.03.2021 .<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Griveance_Redressal_Related_To_Udyam_Registration\"><\/span>Griveance Redressal Related To Udyam Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If a person fails to file the Udyam Registration for reasons\nsuch as lack of Aadhar Card or Number then in such case they may approach to\nany Single Window Systems for the purpose of registration with his Aadhar\nenrolment identity slip or a copy of bank pass book or a copy of voter identity\ncard or even a driving licence. The single window system will further\nfacilitate the process even getting an Aadhar number. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Penalty\"><\/span>Penalty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Whoever knowingly or unknowingly attempts to suppress the self\ndeclared facts and figures in the Udyam Registration or for updation process\nshall be held liable:<\/p>\n\n\n\n<ul><li>In\ncase of first offence, with a fine which may extend up to Rs.1000;<\/li><li>In\ncase of second offence or of an subsequent one with fine which shall not be\nless than Rs 1000 but may extend up to Rs 10,000.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Indian government in the year 2020 has made every effort in order to make India <strong>\u201cAtmanirbhar\u201d. MSME \u2013UDYAM <\/strong>platformhas not only redefined MSME criteria but have also launched various services which will give an uplift to business of small and medium enterprises. The new process is quick and easy method for registration that will be futher linked to information submitted under <strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\">Income tax return<\/a><\/span><\/strong> and GST. If you want more information regarding this or looking for any professional consultant for filing the Udyam Registration then do not hesitate to get in touch with us <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/swaritadvisors.com\/\">Swarit Advisors<\/a><\/strong><\/span>. <\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/swaritadvisors.com\/learning\/udyog-aadhar-registration-fees-and-procedure\/\">Udyog Aadhar Registration Fees and Process: A Complete Guide<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Government in the year 2020 has been taking various measures in order to tackle the adverse situations caused by the pandemic thus emphasizing more on the small business. These small sized or medium sized business forms the backbone of an economy especially for a country like India which is still in the developing [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":14218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[141],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14127"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=14127"}],"version-history":[{"count":23,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14127\/revisions"}],"predecessor-version":[{"id":14254,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14127\/revisions\/14254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/14218"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=14127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=14127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=14127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}