MSME Registration in India

For promoting entrepreneurship, the government provides special benefits to small businesses in the form of subsidies and incentives. Also, banks give loans at concessional rates to set up these businesses. For availing those, the small businesses need to register under the Micro, Small and Medium Enterprises (MSMEs) act.

If a business is registered under the MSMEs act, it can avail several benefits like cheaper bank loans, tax benefits, preference during the tender process, and access to various schemes and incentives of the government.

MSME Classification Criteria

Registration Process

Aadhar number is compulsory for registering under the MSME act. Any enterprise that qualifies under the definition of MSME can obtain Udaym Registration under the MSME Act. An application is to be filed online using Udyam Registration Portal for obtaining Udyam.

Udyam Registration is a completely online registration process and once the form is filled and submitted on the Udyam Registration portal, the registration certificate will be issued after a few days. The Udyam Registration has lifetime validity unless cancelled.

Documents Required

The Udyam registration process is entirely online and does not require the uploading of any documents. However, before applying for Udyam Registration, the proprietor or owner of the enterprise is required to have the following documents:

• Aadhar Card
  • In the case of a Proprietorship Firm, the Aadhar number of the proprietor is to be entered in the Udyam Registration form.
  • In the case of a Partnership Firm, the Aadhar number of the managing partner is to be entered in the Udyam Registration form.
  • In the case of a Hindu Undivided Family (HUF), the Aadhar number of the Karta is to be entered in the Udyam Registration form.
  • In the case of a Company or Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Aadhar number of the organisation or authorised signatory is to be entered in the Udyam Registration form.
• PAN Card
• GSTIN (GST Identification Number), if the enterprise is required to be registered under GST Law.

Note: Having GSTIN is not compulsory for enterprises that do not require a GST registration under the GST law. Such enterprises can register under MSME without having a GST registration. However, the enterprises that need to compulsorily obtain GST registration under the GST regime must have GST registration for obtaining MSME/Udyam Registration.

For any assistance in MSME registration call / Whatsapp us on +91-7405139809.