According to the government's latest notification released on June 26, 2020 the upcoming and existing companies should register under the Udyam registration portal. Micro, small and medium-sized enterprises previously registered under UAM or EM I and II have had to re-register their MSME on 1 July 2020. The companies registered before 30 June 2020 should be re-registered according to the new government concept of MSME and the companies already registered under MSME Udyog Aadhaar will be valid only until 31st March, 2021.
As per the notification announced by GOVERNMENT OF INDIA on 26th June, MSME Registration previously known as Udyog Aadhaar Registration will now be known as Udyam Registration. The government has announced these so as to make ease of doing business for the entrepreneur who wants to establish their own enterprise. The main motive for doing this is to enhance the capability of newbie entrepreneurs in order to initiate “Atma Nirbhar Bharat”. The new online Udyam registration has been made available from 1st July 2020.
Launched in September 2015 by the Ministry of Micro, Small, and Medium Enterprises Development Act, Udyog Aadhar is a government scheme for the promotion of small and medium-sized enterprises. For any economy to develop, it is important for its government to support such enterprises as they are the backbone of the economy. A 12-digit Unique Identification Number is provided by the Ministry of Micro, Small, and Medium Enterprises of the Government of India as Udyog Aadhar for such enterprises. It is also called the Aadhar for Business. More than 48 lakh MSMEs have been registered under the Udyog Aadhar as of July 2018 in India, which truly is a huge number. The registration for Udyog Aadhar is absolutely free.
For those of you who are interested in registering for Company Registration/ Limited Liability Partnership (LLP) Registration and Udyog Aadhar for MSME, NIC CODE - National Industrial Classification Code is something you must be aware of. Filing for Udyog Aadhar seems like an easy process requiring a few details such as Name, postal address, type of enterprise, Aadhar number of the owner of the enterprise, etc. However, the problem arises when NIC code is asked for. Most of the applicants are not very aware and sure of the NIC code of their enterprise. If you are feeling unsure about the registration process then you can always refer to msmeregistrar.net. Our highly experienced and trained experts have the full know-how regarding the dos and don'ts of the Udyog Aadhar registration process. You can always refer to us at msmeregistrar.net and we will help you out. Our services are not only cheap but are also extremely reliable.
The Government of India is always supportive of the micro, small, and medium enterprises of the country. This is mostly because of the micro, small, and medium enterprises are the backbone of the country's economy. Several organizations are under the MSME sector and require help from the government to survive among the larger industries. These organizations require to be registered under the MSME scheme of India. There are requirements that will be fulfilled if the registration is done. There are several benefits of the MSME certificate which can be availed only if the business person has registered his or her organization under the MSME sector.