MSME Registration 2022

Even if the company is on the production line or service line, it is possible to obtain registrations for any of these areas utilizing the MSME Act. The government has not yet made this registration mandatory, but it is useful to get one's company registered under this because it offers a lot of tax benefits, business setup, credit facilities, loans, etc.

On October 02, 2006, the MSME became operational. The promotion, facilitation, and development of the competitiveness of micro, small and medium-sized enterprises have been created.

• MSMEs Registration is to be carried out on the public site of udyamregistration.gov.in. Registration of MSMEs may be carried out on the portal under the two following categories -
• For new entrepreneurs who are not yet registered as MSME and for those who are registered as EM-II or UAM and who are registered as EM-II or UAM by Supported filing 1. 

For non-Registered New Entrepreneurs

• On the MSME registration home page, click on the "For New Entrepreneurs Not Registered as MSME" button. 

• By entering the Aadhaar card number in the following two ways, new MSME registration is carried out—

A. PAN Card Registration or B. Registration Without a PAN Card

A. With PAN Card Registration:

• Step 1: Click on the "For New Entrepreneurs Who Are Not Reg" tab.
• Step 2: Clicking on the "For New Entrepreneurs Not Registered as MSMEs" button on the government portal's homepage opens the registration page and asks for the Aadhaar number and the name of the entrepreneur to be entered. 
• Step 3: After entering this information, click on the 'Validate and Generate OTP Button'. Once you have clicked on this button and OTP is obtained and entered, the PAN Verification page opens until this button is clicked and the OTP is obtained and entered. If the contractor has a PAN Card, the platform obtains the PAN information from the government databases and automatically fills in the information on the page. The entrepreneur must fill in the ITR info.
• Step 4: "A message appears as "Udyam Registration has already been done through this PAN" once PAN details are entered, and the entrepreneur needs to press the "Validate PAN" button.
• Step 5: The Udyam Registration box will appear after PAN verification and the entrepreneurs need to fill in the plant or industry's details.
• Step 6: If the details are completed, the "Submit and Get Final OTP" button is pressed, the MSME is registered and a satisfactory registration message is shown with a reference number. The Udyam Registration Certificate is released after verification of registration, which may take a few days.

B. Registration Without a PAN Card:

• Step 1: Click on the "For New Entrepreneurs Not Registered as MSMEs" button on the government portal's homepage. It opens the registration page and demands that the Aadhaar number and the name of the entrepreneur be entered. 
• Step 2: After entering this information, click on the 'Validate and Generate OTP Button' button. 
• Step 3: Once the PAN Verification page opens and it is reached an OTP is obtained. If the contractor does not have a PAN card, click on the "No" option under the heading "Do you have a PAN?" and then click the "Next" button.
• Step 4: The Udyam Registration page opens after the "Next" button is pressed, where the entrepreneur can enter his details and details about the plant or industry.

If the details are filled in, click on "Final Send" and the registration number will appear with a thank you note. It needs to be modified on the portal within 01/04/2021 after receiving the PAN and GSTIN to prevent suspension of Udyam Registration.

Registration for entrepreneurs who have EM-II or UAM already:

For those already registered as EM-II or UAM, 

• Step 1: Click on the button "For those registered as EM-II or UAM" or "For those registered as EM-II or UAM by Assisted Filing" on the government portal's home page. 
• Step 2: A page opens where you must enter the Udyog Aadhaar number and an OTP option. 
• Step 3: Then enter the Udyog Aadhaar number and pick an OTP option. The options offered are to obtain OTP as filled in UAM on mobile or to acquire OTP as filled in UAM on email. 
• Step 4: Click on the "Validate and Generate OTP" after selecting the OTP options. Registration details are to be completed after entering OTP and udyam registration will be completed.

An enterprise shall, based on the following requirements, be categorized as a micro, small or medium enterprise, namely:

1. a micro-enterprise where the plant and machinery or equipment expenditure does not exceed one crore rupee and the turnover does not exceed five crore rupees;
2. a small enterprise where the plant and machinery or equipment expenditure does not exceed ten crore rupees and the turnover does not exceed fifty crore rupees; and
3. a medium enterprise where the plant and machinery or equipment investment does not exceed fifty crore rupees and the turnover does not exceed two hundred and fifty crore rupees.

• Any individual who intends to set up micro, small or medium-sized enterprises can base on self-declaration, file Udyam Registration online on the Udyam Registration portal without the requirement to upload records, documents, certificates, or evidence.
• A business (referred to in the Udyam Registration Portal as "Udyam") will be given a permanent identification number to be identified as "'Udyam Reg " upon registration.
• A business (referred to in the Udyam Registration Portal as "Udyam") will be given a permanent identification number to be known as the "Udyam Registration Number" upon registration.
• An e-certificate shall be issued upon completion of the registration process, namely the 'Udyam Registration Certificate'.

• The method of MSME registration is entirely online, paperless, and self-declaration-based.
• No records or evidence are needed to be submitted for MSME registration.
• Only the Aadhaar number is appropriate for registration.
• Information linked to PAN & GST on company expenditure and turnover will be automatically taken from government databases.
• Income tax and GST will be fully incorporated with our online framework.
• We will completely integrate our online framework with the Income Tax and GSTIN systems.
• From 01.04.2021, getting a PAN & GST number is mandatory.
• All who have an EM-II or UAM registration, or any other registration provided under the Ministry of MSME by any authority, would have to re-register.
• No company can file more than one Udyam Registry. However, any number of activities can be listed or applied to a single registration, like manufacturing or service, or both.

• As the interest rate is very low about ~ 1 to 1.5 percent, the bank loans become cheaper due to the MSME registration. Much lower than the daily loan interest.
• It also permitted the minimum alternative tax (MAT) credit to be carried forward for a period of up to 15 years rather than 10 years.
• Once the cost of a patent is registered, or when many rebates and discounts are available, the cost of starting up the industry decreases.
• Registration of MSMEs allows to quickly obtain government tenders as the Udyam Registration Portal is integrated with the e-marketplace of the government and various other portals of the state government that provides quick access to their marketplace and e-tenders.
• For non-paid sums of MSME, there is a Time Settlement Fee.

• The Government has set up a total Registration Process Facilitation system.
• An entity will be referred to as Udyam for this process and its registration process will be referred to as 'Udyam Registration'.
• After registration, a permanent registration number will be issued.
• A certificate will be given online after completion of the registration process.
• This credential will have a dynamic QR code from which it is possible to access the web page of our portal and business information.
• There will be no need to renew the registration form.
• You will be supported in the process by our single window systems at Champions Control Rooms and DICs.
• The method of registration is open. There are no charges or fees charged to anyone.

• The registration form must be as indicated on the Udyam Registration Portal.
• No fee will be charged for filing the Udyam Registration application.
• For Udyam registration, an Aadhaar number is required.
• In the case of a proprietorship company, the Aadhaar number shall be the proprietor, in the case of a partnership firm, the managing partner, and in the case of a Hindu Undivided Family, the Karta number shall be the owner (HUF).
• The association or its registered signatory shall include its GSTIN and PAN along with its Aadhaar number in the case of a corporation or a limited liability partnership or a cooperative company or a company or trust.
• If an undertaking is properly registered as an Udyam with a PAN, any knowledge deficiency for previous years when it did not have a PAN shall be filled in based on self-declaration.
• No undertaking shall file more than one Udyam Registration: provided that any number of activities, including production or service activities, or both, may be included in or added to one Udyam Registration.
• Whoever deliberately misrepresents or tries to conceal the facts and figures that are self-declared that appear in the Udyam Registration or updating process shall be liable for the penalty provided for in section 27 of the Act.

For existing undertakings

• On or after the 1st day of July 2020, all existing enterprises registered under EM-Part-II or UAM shall re-register on the Udyam Registration portal.
• All undertakings registered before 30 June 2020 shall be reclassified in compliance with this notice.
• Existing undertakings registered before 30 June 2020 shall continue to be valid for some time until 31 March 2021 only.
• An organization that is registered under the Ministry of Micro, Small and Medium Enterprises, or any other organization shall be registered under the Udyam Registry.