Udyam registration is a new process for any enterprise to register under the ministry of MSME. The central government introduced this Udyam on 1st June 2020.
The Government initiated a new Portal for registration of MSME (Udyam). It is an official portal to register a new MSME or to re-register already registered EM-II (Entrepreneurs Memorandum, Part-II) or UAM (Udyog Aadhaar Memorandum).
The registration on UDYAM Registration Portal is paperless, based on self declaration and without any filing fees.
The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).
In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.
In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis.
No enterprise shall file for more than one UDYAM registration, any number of activities including manufacturing or service may be added in one UDYAM registration.
On registration, an enterprise will be assigned a permanent identity number to be know as “Udyam Registration Number”