udyog adhar registration

Download Udyog Adhar Registration

Post on 20-Jul-2020

1 views

Category:

Law

0 download

Tags:

Embed Size (px)

DESCRIPTION

Swarit Advisory deals in MSME Registration is mandatory for small business entities. It will help them in availing subsidies, incentives, concessional rate loans and other registration benefits offered by the government. The eligibility criteria to obtain the MSME registration certificate differs on the basis of the investment in plant and machinery. For more information, log on to - https://swaritadvisors.com/msme-registration

TRANSCRIPT

udyog Aadhar Registration

SWARIT ADVISORS

UDYOG AADHAR REGISTRATION

Everything about Udyog Aadhar

The concept of Udyog Aadhar was launched by the Ministry of Micro Small and Medium Enterprises, together with the Government of India. The basic aim behind this strategy was to facilitate registration of Micro Small and Medium Enterprises. In this blog, we will talk about the Udyog Aadhar Registration Fees and Process.

Concept of Udyog Aadhar

Importance

In India, any company that wants to list itself as an MSME needs to obtain Udyog Aadhar Registration. This process provides a twelve digit unique identification number, and a certificate of registration to each business registered.

Collab Space Central Pitch Deck

ANY BUSINESS ENTITY IS ELIGIBLE

Sole Proprietorship Firm;

Hindu Undivided Family;

One Person Company;

Partnership Firm;

Limited Liability Partnership;

Co-operative Society;

Association of Persons.

NEED FOR UDYOG AADHAR REGISTRATION

In India, the MSME sector acts as a foundation stone for the economic growth and development of the country. There are over 42.5 million units operating in this sector. Further, this sector contributes more than 45% of the country’s total manufacturing output.

Collab Space Central Pitch Deck

Benefits inside

Therefore, to facilitate the efforts of this sector, the MSME Ministry, together with the Central Government, launched the Udyog Aadhar Registration. As the primary motive of the registration is to promote growth and provide benefits to the businesses registered in it.

Collab Space Central Pitch Deck

Another reason was the documentation and paper work involved in the process of MSME Registration. Also, the owner of the business was required to apply for both as MSME and Small Industry.

It is a single page self-certification form, wherein an applicant discloses all the information related to business. The term “information” denotes the existence of the entity, bank account number, and details, particulars of the applicant, etc.

Further, the government has exempted the fees for Udyog Aadhar Memorandum. After the submission of the form, an acknowledgment will be sent on the registered email address. This acknowledgment will also include Unique Aadhar Number (UAN).

Udyog Aadhar Memorandum

Entities Eligible for Udyog Aadhar Registration

Micro Enterprises

The entities with an Investment amount up to Rs 1 crore and Annual Turnover up to Rs 5 crore.

Small Enterprise

The entities with an Investment amount up to Rs 10 crore and Annual Turnover up to Rs 50 crore.

Medium Enterprise

The entities with an Investment amount up to Rs 20 crore and Annual Turnover up to Rs 100 crore.

As per the latest announcement made by our Finance Minister, Mrs. Nirmala Sitharaman [1] , on 13 May 2020, the definition of MSME has been changed. Now, the difference between the manufacturing and service sectors has been eliminated. Further, the Investment Limits have also been revised, and a turnover criterion has been introduced.

According to the notification passed by MSME Ministry on 01 June 2020, the new definition of MSME has come into effect from 01 July 2020.

Lastly, the government has extended the period of restructuring scheme for the MSME Sector till 31 March 2020.

NOTE

Collab Space Central Pitch Deck

BENEFITS OF UDYOG AADHAR MSME REGISTRATION

Assists in getting Bank Loan without Mortgage or Collateral Security;

Provides Tax Exemption of Direct Tax;

Provides Lower Interest Rates;

Gives 50% grant in Patent Registration;

Reimbursement of ISO Certification;

Easy Procedure to obtain License and Approvals;

Provides Electricity in Concessional Rates;

Collab Space Central Pitch Deck

Offers Government Subsidies;

Ease in Opening Current Bank Accounts;

Subsidies in Barcode Registration;

Subsidies in Manufacturing and Production Sector Policies;

Provides Octroi Benefits under the Package Scheme of Incentive, 1993;

Gives Protection against Delayed Payments;

Provides subsidies on NSIC Performance and Credit Ratings;

Coverage under the CGSE Scheme.

Documents Required for Udyog Aadhar MSME Registration

Name and Aadhar details of the Applicant;

Certificate for Social Category, such as OBC, SC, and ST;

Name of the Enterprise;

Business Nature of the Entity;

Address Proof of the Enterprise;

Details and Bank Account Number of the Enterprise;

Total Count of the Workers;

Mobile Number and E-mail ID of the Applicant;

PAN (Permanent Account Number) and Total Investments made by the Company.

Collab Space Central Pitch Deck

Udyog Aadhar Registration Fees

The government has prescribed no Udyog Aadhar Registration Fees for the registration process. That means the registration process is Free of Cost.

Get In Touch With Us

For inquiries or follow-ups

Company Address

Block H Plot No. 55, Ground Floor, Sector 63 , Noida, UP

Phone Number

+91-9821399320

Email Address

ho@swaritadvisors.com

Source:- https://swaritadvisors.com/learning/udyog-aadhar-registration-fees-and-procedure/