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MSME / UDYAM Registration

950* Basic Package

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Overview

What is MSME / Udyam?

The Govt of India has enacted the Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 to support and promote small and medium business. There are various multiple benefits available to registered enterprises under MSMEs / Udyam. So to get the benefit, registration under MSMEs is important.

The main purposes of the MSMEs / Udyam registration are as under :-

1) To facilitate the small and medium enterprises to compete in the international market with quality at a lower cost.

2) To provide training at lower rate.

3) To give the exposure and protect against big corporates

MSMEs / Udyam Scheme criteria as revised wef 1st July 2020 :-

Classification Limit
Micro Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover not more than Rs. 5 crore
Small Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore and Annual Turnover not more than Rs. 50 crore
Medium Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover not more than Rs. 250 crore

Investment not includes land & Building and Furniture

Investment amount without GST

Turnover not includes Export of Goods and Service

MSME UDYAM REGISTRATION OF EXISTING MSME ENTERPRISES :-

As per new definition of MSME w.e.f 01st July, 2020, the existing registered enterprises are required to get themselves registered as Udyam on Udyam Registration Portal again

The existing enterprise registered under EM-Part-II or UAM (Udyog Adhaar Memorandum) shall register again under Udyam Registration

All existing enterprises registered till 30th June, 2020, shall valid up to the 31st March, 2021. So all these existing MSME enterprises shall get themselves registered under Udyam Registration on or before 31st March, 2021.

Reclassification: All those existing enterprises shall be reclassified in accordance with this new notification.

Advantages

1. Patent registration subsidy :-

The enterprises with the certification registration of MSMEs / Udyam, Gets a subsidy of 50%, this subsidy can be availed for registration of patent by providing application to respective ministry.

2. Protection against delayed payments :-

The Ministry of micro, small and medium enterprise lends a helping hand to the seller of services and products by giving them the right to collect interest on the payments that are delayed from the buyer side. if any MSME registered enterprise supply goods and services, then the buyer has to do the payment within 45 days of the purchase. The settlement for such dispute should be taken care in minimum duration with conciliation and arbitration

3. Exemption of overdraft interest-rate :-

A business or enterprise, registered under MSME has the benefit of 1% on the overdraft as mentioned in the scheme that differs from bank to bank.

4. Collateral free :-

The government of India has made collateral free credit available to all small and micro businesses sector. Under the scheme, all the SMEs Will be provided with guaranteed funds, both the old as well as new enterprises can claim the benefit. A trust named the Credit Guarantee Trust Fund scheme was introduced by the Government of India and the Ministry of micro, small and medium enterprises to make sure this scheme is implemented for all businesses.

Document Required

Documents required for MSME?

  • 1) Business address proof If owned, then possession letter and if rented, then no objection certificate from the landlord and rent receipts.
  • 2) Phone No. registered with Aadhar Card
  • 3) Email Id
  • 4) PAN Card and Aadhar Card of applicant (Proprietor/ Director/Partner)
  • 5) Business Activity (MOA/ Partnership Deed/ LLP Agreement etc.)
  • 6) PAN Card of entity
  • 7) GST Number of entity
  • 8) COI/ Registration Certificate of entity
  • 9) No. of plants and address, if any
  • 10) Copy of cancelled cheque in the name of entity
  • 11) No. of employees (No of female & male no)
  • 12) Copy of Last ITR filed

Time Lines

  • (10 to 15 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

950*
  • New MSME / Udyam Registration
  • Conversion from old MSME to New Udyam Registration based on new criteria

Business

1850*
  • New MSME / Udyam Registration
  • Conversion from old MSME to New Udyam Registration based on new criteria
  • GST Registration

Enterprise

7850*
  • New MSME / Udyam Registration
  • Conversion from old MSME to New Udyam Registration based on new criteria
  • GST Registration
  • Trademark Filing
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.

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