MSME REGISTRATION: PROCECURE, CERTIFICATE
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s.
Even if the Company is in the manufacturing line or the service line, registrations for both these areas can be obtained through the MSME act. This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.
The MSME became operational on October 02, 2006. It was established to promote, facilitate and develop the competitiveness of the micro, small and medium enterprises.
MSME Online Registration Process on Udyam:
MSME registration is completely online. MSME online registration is to be done in the government portal of udyamregistration.gov.in. The registration of MSMEs can be done under the following two categories in the portal –
- For New Entrepreneurs who are not Registered yet as MSME or those with EM-II and
- For those having registration as UAM and For those already having registration as UAM through Assisted filing
For New Entrepreneurs who are not Registered yet as MSME or those with EM-II
New entrepreneurs and entrepreneurs having EM-II registration need to click the button “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II” shown on the home page for registering MSME. New registration of MSME is done by entering the Aadhaar card number and PAN number.
When clicked on the “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II” button on the homepage of the government portal, it opens the page for registration and asks to enter the Aadhaar number and the name of the entrepreneur. After entering these details, “Validate and Generate OTP Button” is to be clicked. Once, this button is clicked and OTP is received and entered, the PAN Verification page opens.
Registration For Entrepreneurs Already Having UAM
For those already having registration as UAM, they need to click the button “For those having registration as UAM” or “For those already having registration as UAM through Assisted filing” shown on the home page of the government portal. This will open a page where Udyog Aadhaar Number is to be entered and an OTP option should be selected.
The options provided are to obtain OTP on mobile as filled in UAM or obtain OTP on email as filled UAM. After choosing the OTP Options, “Validate and Generate OTP” is to be clicked. After entering OTP, registration details are to be filled on the MSME registration form and Udyam registration will be complete.
Details to be Mentioned in MSME Application Form
The entrepreneurs must fill in the following details on the MSME application form:
- Aadhar number
- Name of entrepreneur as per Aadhar card
- Type of organisation (Proprietorship, partnership firm, private or public limited company, limited liability partnership, co-operative society, Hindu undivided family, self-help group, society or trust)
- PAN card
- Social category (General, OBC, SC/ST)
- Name of enterprise
- Location of plant/unit
- Office address of the entreprise
- Date of commencement of business or incorporation or registration of enterprise
- Bank account number and IFSC code
- Business activity of an enterprise
- NIC code of the primary activity
- Number of employees
- Investment amount in plant and machinery (if there is no investment in plant and machinery, entrepreneurs can write it as zero)
- Turnover (if there is no turnover, entrepreneurs can write it as zero)
Documents Required for MSME Registration
Aadhaar Card and PAN Card are the only documents required for MSME registration. MSME registration is fully online and no proof of documents is required. PAN and GST linked details on investment and turnover of enterprises will be taken automatically by the Udyam Registration Portal from the Government databases. The Udyam Registration Portal is fully integrated with Income Tax and GSTIN systems.
GST is not compulsory for enterprises that do not require a GST registration under the GST law. However, the enterprises that need to compulsorily obtain GST registration under the GST regime need to have GST registration for obtaining Udyam Registration.
Those who have UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves in the Udyam Registration Portal by clicking on the “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II”.
The enterprises having UAM registration need to migrate to Udyam Registration by 30/06/2022. If the entrepreneurs having UAM registration do not migrate to Udyam Registration by 30/06/2022, the UAM registration will be invalid and they will not be able to receive the benefits provided to the MSMEs.
MSME Registration Fees
The enterprises having UAM registration need to migrate to Udyam Registration by 30/06/2022. If the entrepreneurs having UAM registration did not migrate to Udyam Registration by 30/06/2022, the UAM registration is invalid and they will not be able to receive the benefits provided to the MSMEs. They will have to re-register themselves for Udyam registration to obtain MSME benefits.
How to download MSME Certificate for Free?
Enterprise can get MSME registration through online application on the government portal http://udyamregistration.gov.in. And after successful registration such enterprise will get MSME Certificate issued by the Ministry of MSME with lifetime validity.
MSME Certificate is also known as Udyam/MSME/Udyog Aadhaar Certificate, which can be easily Downloaded Online by following steps:-
STEP 1: Go to the Udyam portal through http://udyamregistration.gov.in
STEP 2: On the Top Right Corner out of all Options select Option “Print/Verify”
STEP 3: Select Sub Option “Print Udyam Certificate” out of all sub options in Print/Verify Option
STEP 4: Enter following required details on “Udyami Login with OTP” Option.
I. Enter your 16 digit registered Udyam Registration Number into input box 1 in format “UDYAM-XX-00-0000000”
II. Enter your 10 digit Mobile Number in to input box 2, mobile number as filled in Udyam Aadhaar application data
STEP 5: For “Validate & Generate OTP” Choose either OTP on Mobile as filled in application or OTP on Email as filled in application