Udyog Aadhar is nothing but a government registration that is provided along with a recognition certificate and a unique number in order to certify small/medium businesses or enterprises.
The central motive behind the launch of this facility was to offer a way to the government to provide the maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number from online msme chennai portal. For msme registration in Chennai consult to Company Vakil experts.
The owner, director or proprietor of the entity will provide his/her 12-digit Aadhar Number, whether the enterprise or entity is a sole proprietor, an LLP, a Private limited company or anything else. It should have the recognition certificate provided via the MSME Chennai registration process.
The idea behind introducing Udyog Aadhar/MSME registration in Chennai was to simplify the procedural format that business owners had to go through in order to register their business under Micro Small Medium Enterprise or register online msme chennai.
Before the introduction of Udyog Aadhar registration in chennai, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used to require handling of lots of paperwork. However, with the introduction of Udyog Aadhar registration in chennai, things have changed and to some extent, have improved for msme chennai registration.
Concluding, A large chunk of enterprises in India are simply not register to msme registration in chennai due to the cumbersome paperwork involved in the process and, therefore, can’t tap the government schemes for them. The Ministry for Micro, Small and Medium Enterprises had in September 2015 notified Udyog Aadhar to ensure ease of registration and wider coverage of MSME Chennai to avail the benefits under various Schemes of Central/ State governments source from msme registration chennai. Hence, at present, filing of EM-I has been abolished. Udyog Aadhar (UA) has been introduced for running units. No need to apply for upcoming units. Udyog Aadhar Memorandum (UAM) can be filled online i.e. http://udyogAadhar.gov.in or visit Company vakil msme Chennai registration portal.
What is an MSME (Micro Small Medium Enterprise)? By Company Vakil MSME Registration in Chennai Tamil Nadu Portal
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:
Manufacturing Enterprises-The enterprises engaged in the manufacture or
production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery on online msme registration chennai.
Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment on online msme registration Chennai Tamil Nadu
They are Classified as followed:
- MSME Chennai is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
- A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
- A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. Source from msme registration chennai
In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries wide
its notification No.S.O.1722(E) dated October 5, 2006 .
- A msme registration in chennai is an enterprise where the investment in equipment does not exceed Rs. 10 lakh;
- A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore;
- A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore. Register through online msme chennai portal.
What are Small Scale Industries?
In Indian economy SSI registration and cottage industries occupy an important place, because of their employment potential and their contribution to total industrial output and exports, to get register on online msme chennai consult company vakil msme registration chennai Portal. Government of India has taken a number of steps to promote them, for SSI online registration in chennai consult msme chennai portal. However, with the recent measures, in msme chennai and cottage industries facing both internal competition as well as external competition, register msme chennai online via msme chennai registration portal. There is no clear distinction between small-scale and cottage industries. However it is generally believed that cottage industry is one which is carried on wholly or primarily with the help of the members of the family. As against this, small-scale industry employs hired labor. For consultancy on MSME registration in Chennai Tami Nadu visit company vakil online msme chennai registration portal.
Comprising, Small scale industries (SSI) or MSME chennai are those industries in which manufacturing, providing services, productions are done on small scale or MSME registration chennai and for msme registration process in chennai. For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens. Small scale industries play an important role in social and economic development of India,to get register to online msme Chennai consult to Company Vakil. These industries do a one-time investment in machinery, plants, and industries which could be on an ownership basis, hire purchase or lease basis. But it does not exceed Rs. 1 Crore.
Essentially MSME registration in Chennai comprise of small enterprises who manufacture goods or services with the help of relatively smaller machines and a few workers and employees, for consultancy visit company vakil msme registration chennai portal. Basically, the enterprise must fall under the guidelines set by the Government of India. At the time being such limits are as follows:
- For Manufacturing Units for Goods: Investment in plant and machinery must be between 25 lakhs and five crores.
- For Service Providers: Investment in machinery must be between 10 lakhs and two crores.
Thus, In developing countries like India, online SSI registration in chennai are the lifeline of the economy. These are generally labor-intensive industries, so they create much employment. For consultancy on online SSI registration in Chennai visit MSME registration Chennai expert on Company Vakil.
Udyog Aadhar Registration in India
Registration of aforesaid is clear by the online msme chennai portal are as follow:
Almost every type of business entity can obtain Udyog Aadhar, be it Hindu Undivided Family, Proprietorship, one-person company, Partnership Firm, production company, limited company, private limited company, limited liability partnership, co-operative societies or any association of persons or any other undertaking.
In recent times, for boosting small-scale businesses in the country, the Government of India has initiated the Udyog Aadhar Registration process. Earlier, if you wished to start a business and get SSI registration or MSME registration, you needed to go through a lot of paperwork.
Now, you need to fill only 2 forms: Entrepreneur Memorandum-I and Entrepreneur Memorandum-II instead of 11 different types of forms that were required earlier.
hence, UAM is a one-page registration form which constitutes a self-declaration format under which the MSME Chennai will self-certify its existence, bank account details, promoter/owner’s Aadhar details and other minimum information required.
There shall be no fee for filing the Udyog Aadhar Memorandum. On submission of the form, Udyog Aadhar Acknowledgement shall be generated and mailed to the email address provided in the Udyog Aadhar Memorandum which shall contain unique Udyog Aadhar Number (UAN). For Udyog Aadhar registration in Chennai Tamil Nadu from MSME registration in Chennai Tamil Nadu and register to online msme Chennai.
Existing enterprises, which have filed Entrepreneurship Memorandum-I or Entrepreneurship Memorandum-II or both, or the holders of Small Scale Industry registration, prior to the coming into force of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall not be required to file Udyog Aadhar Memorandum, but if they so desire, they may also file the Udyog Aadhar Memorandum. There is no restriction on filing more than one Udyog Aadhar Memorandum using the same Aadhar Number. Get online SSI registration in chennai via Company Vakil online MSME chennai tamil nadu portal.
The Udyog Aadhar Memorandum is filed on self-declaration basis, and no supporting document is required to be uploaded or submitted while filing the Udyog Aadhar Memorandum.
Process of Udyog Aadhar Registration
Step 1: Visit the Official Website
Go to the official Udyog Aadhar Registration portal or online msme chennai tamil nadu portal where you will find the very first step for getting your business registered online.
Step 2: Enter Your Personal Information
The initial particulars that you will need to enter will be your name and your 12-digit unique Aadhar number. Click on “Validate & Generate OTP.”
Special Note: It is important to mention here that the Udyog Aadhar registration is an online portal similar to online msme Chennai portal that is there for individuals who possess an enterprise as well as an Aadhar card. In case a person doesn’t have an Aadhar card, he/she can also file for UAM with the GM (General Manager) of the concerned DIC (District Industries Centre). For more information on msme registration chennai consult to company vakil msme chennai portal.
Step 3: Fill Details About the Enterprise/Entity
fill the name with which the public/customers will recognize the entity.
Step 4: Filling Correspondence Details
Step 5: Fill the Carry Forward Info : select the date on which your enterprise started its operation from the provided calendar. You will also have to provide information regarding the previous registration through SSI, EM1, and EM2 via online msme chennai tamil nadu portal including the UAM registration number.
Step 6: Fill the Bank Details
Step 7: Classification of Your Enterprise
mention the mainline activity of your enterprise from the “services” or “manufacturing.”
Step 8: Total Investment
one of the last things will be entering the total number of workers employed in your enterprise and the total amount of money (in lakhs) that you have invested in your enterprise.
Step 9: Select the District Industry Centre and Accept the Declaration
In the final step of online msme registration in chennai tamil nadu, you will be selecting the district industry centre from the provided drop-down list. After that, you will have to accept the declaration and submit your application in order to finish the process. Any queries regarding Udyog Aadhar registration consult to online MSME Chennai Tamil Nadu.
Documents & Information required for Udyog Aadhar Registration in India:
The following documents and information are required (online registration):
|Aadhar Number||Twelve digit Aadhar number which is issued to the applicant.
This Aadhar number in case of Proprietary Enterprise must be of the Managing partner, of Authorized Partner for Partnership Enterprise and of Authorized Person for Other forms of Enterprises
|Name of Owner/Promoter||The name of applicant as provided in the Aadhar Card|
|Category||General / Scheduled Tribe (ST)/ Scheduled Caste (SC) / Other Backward Castes (OBC)|
|Business Name||Name of the of Entity under which it is conducting its business. One applicant could have more than one enterprises and each one could be registered individually with the same Aadhar Number for a separate Udyog Aadhar|
|Type of Organization||Type of Business entity or Legal Entity. (Proprietorship, Partnership Firm, Hindu Undivided Family, Private Limited Company, Co-Operative, Public Limited Company, Self Help Group, LLP, Others)|
|Address||Postal Address of the business for communication purposes including contact numbers and email address|
|Date of Commencement||The commencement date of the respective businesses|
|Previous Registration Details (if any)||Details of any previous MSME registration|
|Bank Details||Banking details of the of the company which includes Bank Account number and IFSC Code|
|Key Activity||Key areas of activity of the business –service or manufacturing|
|National Industrial Classification (NIC) Code||The NIC Code must be entered from the National Industrial Classification handbook. The Applicant might select multiple National Industrial Classification-2008 (NIC) Codes for including all of its activities for msme registration chennai.|
|Number of persons employed||The number of employees in the business|
|Investment in Plant & Machinery / Equipment||Total amount investment in terms of machinery and equipment by the business|
|District Industry Centre (DIC)||The details of the DIC (District Industry Centre) nearest to such business, if needed|
Major Reasons for Online Udyog Aadhar Registration in India:
- Simplicity and less complexity: MSME Registration in chennai tamil nadu or SSI Online Registration in chennai tamil nadu is very complicated in terms of the registration. Govt officer is not providing fastly approval so entrepreneurs can’t avail the govt loans or subsidy and other benefits under the MSME Act.
But after the introduction of the Udyog Aadhar Registration, you have to simplified fill up the one-page form and got your Udyog Aadhar Certificate
- Subsidies: Most state governments give UA registered companies subsidies on everything from power to tax and entry fees to industrial corridors and estates. Register to online msme chennai via msme registration chennai tamil nadu portal.
- Schemes specifically targeted at micro: the central government announces schemes specifically targeted at micro, small and medium businesses from time to time such as the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) that was announced recently. A UA registration also opens up a whole lot of benefits from banks. MSME Chennai get preferential rates of interest on loans, get quicker loan approvals, priority sector lending, etc.
- Proof: If you own a sole proprietorship firm, holding an Udyog Aadhar acts as a proof that your business is legal in case you do not have VAT certificate or a Shop Act license. All you need to do is provide your UA as an ID proof for your company when applying for loans or opening an account with a bank. For online msme registration in Chennai Tamil Nadu.
- Online MSME Chennai are noticed: Earlier, the Small Scale Industries Registration (SSI) was voluntary and as a result lot of MSME’s went unnoticed. With the introduction of UA, businesses choose to be registered due to the many benefits of being registered.
- One can file more than one Udyog Aadhar with same Aadhar Number.
- No Fee for filing.
Benefits of the Online MSME Registration Chennai Tamil Nadu
- Credit guarantee scheme.
- Can participate in international trade fairs.
- Get the easy sanction of the bank’s loans on the low-interest rates. For ex – you can apply for the Pradhan Mantri Mudra Bank Loan.
- Benefits under the Excise and direct tax laws with assistance in the enhancement of the technology in business with marketing & capital support.
- By register to online msme chennai, exemption under direct tax laws and Excise exemption.
Various Advantages on Registration to Online MSME Chennai Tamil Nadu
- Preference in allocation of Government Tenders.
- Protection against delay in payment
- Octroi benefits
- Waiver of Stamp Duty and Registration fees
- Counter guarantee from GOI through CGSTI
- Exemptions while applying for government tenders
- Several Exemptions under Direct Tax Laws
- One Page registration on msme registration chennai.
- No fee for filing
- Can file for more than one Udyog Aadhar
- Reimbursement for payment for obtaining ISO certification
- 1 % Exemption in Interest on OD
- Reservation of products for exclusive manufacturing by MSME/SSI
- Eligible for IPS subsidy
- 50% subsidy for patent registration.
FAQs on Udyog Aadhar Registration By MSME Registration Chennai Tamil Nadu
Has EM-I/II been replaced by UAM?
Yes. After the notification dated 18-09-2015,filing of EM-I/II by States/UTs should be discouraged and instead all efforts be made to popularize the filing of UAM on the portal created by Ministry of MSME i.e. http://udyogAadhar.gov.in or msme registration chennai portal.
Whether the multiple system of registration may exist after introduction of UAM?
All other online/ offline systems of registration of MSMEs created and maintained by Central/State/UT Governments should cease to register new MSMEs forthwith. MSME registration chennai tamil nadu portal are Such online platforms may be allowed to exist for the time being to enable access to useful legacy data for decision making. Henceforth, there should be only one system i.e. UAM for the registration of new MSME units for msme registration in chennai.
What type of business can I start in Udyog Aadhar?
You can start Any Manufacturing and Service related business under Udyog Aadhar. There is No Binding related to the type of business. The business should be Legal and not illegal.
Who can register with Udyog Adhar ?
Any Business can be registered under Udyog Aadhar until it fulfils the Turnover Criteria of Udyog Aadhar registration , If Business exceeds the prescribed turnover limit , it has to get a company registration that can be done via online msme chennai or msme registration chennai portal.
Major Difference between old MSME Registration and Udyog Aadhar?
MSME Registration or SSI Registration is very complicated in terms of the registration. Govt officer is not providing fastly approval so entrepreneurs can’t avail the govt loans or subsidy and other benefits under the MSME Act.
But after the introduction of the Udyog Aadhar Registration, you have to simplified fill up the one-page form and got your Udyog Aadhar Certificate. Know more on msme registration chennai or register to online msme chennai portal
Is MSME registration now converted to Udyog Aadhar?
Yes MSME registration is now converted to Udyog Aadhar.
Can Udyog Aadhar be used as a legal document for a company PAN card ?
Udyog Aadhar is not considered as a valid document to be used as a legal document for getting a Pan Card. For getting a pan card for a company you have to get company registration first from MCA Authority and then you can apply for Pan Card in Name of the Company. For any consultancy on online msme chennai visit msme registration chennai tamil nadu portal.
What would happen to those enterprises which do not have Aadhar Number?
At present Aadhar Number is mandatory for registration under UAM. However, the GoI will find a way out for covering those cases where Aadhar Number is not available.
Can we register a company Pvt. Ltd. through Udyog Aadhar?
no , to Register a Private Limited Company you have to seek Company registration From Ministry of Corporate Affairs . After Company registration You can acquire Udyog Aadhar Registration through MSME registration Chennai Tamil Nadu.
Udyog Aadhar registration fees?
The government does not charge Any Fees on Udyog Aadhar Registration. However, You may have to pay Professional Fees if you take a service of the Legal service provider or a CA, CS and ICWA.
For more Information visit our website companyvakil.com and legal help .