During this difficult situations Government is trying to help small businesses especially those who are registered under MSME Act. After the announcement of government for relief package the amount of MSME registration increased a lot.
A few days ago, government had announced new definition and requirements for registering under MSME wherein a new portal i.e. UDYAM registration was announced for MSME registration. (However as of now the portal is not Live)
In the same notification it was stated that all existing MSME will have to again register under UDYAM:
Registration of existing enterprises:
All existing enterprises registered under EM Part-II or UAM shall register again on the Udyam Registration portal on or after the 1st day of July, 2020.
All enterprises registered till 30th June, 2020, shall be re-classified in accordance with this notification.
The existing enterprises registered prior to 30th June, 2020, shall continue to be valid only for a period up to the 31st day of March, 2021.
An enterprise registered with any other organisation under the Ministry of Micro, Small and Medium Enterprises shall register itself under Udyam Registration.
Thus, all the existing enterprise will have to get themselves re-registered under UDYAM although they have been provided time to re-register till 31.03.2021 as their existing registration shall remain valid till that date.
The registration procedure is similar to Udhyog Aadhar where registration will be provided based on the Aadhar card. Same shall be of different person in different cases which are as under:
|Type of Organization||Person Responsible to provide Aadhar|
|Company||The organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.|
|LLP/ Co-operative society/ Society/ Trust||The organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.|
No enterprise shall apply for more than 1 UDYAM registration it shall add and update all its activities in one UDYAM registration.
If any false information is provided there shall be a penalty as provided in section 27 of MSMED act which is as under:
In case of first offence of mistake upto Rs. 1000. In subsequent offence upto Rs. 10000.