We are writing this article to help you understand the simple steps to upgrade your Udyog Aadhar profile to Udyam Registration. It is not as complicated as you think. To know more about the details, please go through this article.
The Ministry of MSME through its notification no. S.O.2119 (E) dated 26th June 2020 published in the Official Gazette of India has officially stated that Udyog Aadhar or MSME Registrations will no longer be valid after 31st March 2022 and has been replaced by the new and improved system of Udyam Registration. MSME's that are already registered for Udyog Aadhar, but do not have Udyam Aadhar registration can still avail of the benefits until 31st March 2022 without any issues. These companies are advised to register for Udyam Aadhar as soon as possible after 31st March 2022.
Registration for Udyam Aadhar is mostly very similar to the previous system, with businesses requiring an ID proof, a certificate of business or form 16, and a GST number among other basic information. This should help smooth transition for businesses that have already registered for Udyog Aadhar. The best part about this development is that all the existing forms will now be converted into the new format, which means that the data from Udyog Aadhar will be carried forward to Udyam Aadhar. All in all, it's an interesting move, and we're looking forward to seeing how businesses adapt to these changes.
Documents Required:
1) Pan Card (Pan Card Holder's Name, Address, Email id and Mobile Number should be updated on the application form)
2) Copy of Memorandum & Articles of Association (MoA) of the Company
3) Copy of Certificate of Incorporation issued by Registrar of Companies/State Government
4) Copy of Board Resolution for change in Shareholding Pattern (if applicable)
5) Authorized Signatory's PAN Card copy, Passport Size Photo and Signature
Udyam Registration is a unique scheme that provides you with a wide range of benefits and services.
Udyam Aadhaar Registration Benefits For Businesses
Udyam Aadhaar Registration benefits are many. It is the government’s initiative to provide a platform for entrepreneurs to register themselves, which will help them in getting government tenders and licenses easily. The registration helps in getting access to various concessions and incentives from the government. Here are some of the benefits of Udyam Aadhaar Registration:
-
Udyam registration helps in getting government tenders:
Due to the Udyam, the bank loans become cheaper as the interest rate is very low (Upto 1.5% lower than interest on regular loans). They get easy access to credit in lower interest rates for their business establishments, which can be used for setting up their industries or expanding their existing business.
-
Registered Udyams gets tariff subsidies and tax and capital subsidies:
Registration helps in the reduction of the cost of getting a patent done or the cost of setting up the industry. With the help of many rebates and concessions available. The registered companies get a lot of benefits from this scheme like they do not have to pay any tax on raw materials or machinery used for production purposes or on services provided by service providers such as electricity.
-
You can get your RERA registration done easily by one-time payment.
-
You can add your property on the Udyam portal at any time even after the completion of construction.
-
You will receive all the important information about your property in an easy to understand format such as status, documents required, timelines and any other relevant information regarding your property from our team via SMS or email without any extra cost.
-
You can track the status of your project online 24x7 from anywhere in India through Udyam Portal or Mobile App & also get periodic updates about your project through email/SMS from time to time without any extra cost & no waiting time!
We are a team of professionals who have been working in the field of online registration and helping people with their Udyam Registration. We have helped thousands of people with their Udyam Registration, and we have also helped many individuals who have been struggling to register for Udyam.
We understand the problems faced by people when they try to register for Udyam online. It is not easy to find the right website that can help you with your registration process.