Enterprise Registration for MSMEs Implemented from July 1st, 2020
Enterprises can register as per Aadhar number since the new norm came into the limelight on June 26th, 2020 by the Government. Enterprises do not need to upload documents and certificates for online registration. Instead, they can give details just with a self-declaration. This new procedure is called "Udyog aadhar registration" and is made viable after the blend of income tax and GST registration procedures.
The specifications given in the self-declaration will be confirmed by the authorities based on PAN and GSTIN.
Those who do not hold Aadhar can reach out to the Single Window system with their identity proof for a bank passbook copy, Aadhaar enrollment request, voter ID card, passport, or driving license. The single window systems will ease registration after obtaining the Aadhar number.
Udyog aadhar registration: A synopsis
Udyog aadhaar registration is quite significant for businesses in the nation. The Udyog Aadhaar scheme was rolled out to make MSME registration simpler. It is needed for every small and medium-sized business with an out-of-date Micro, Small, and Medium Enterprise registration procedure.
The scheme was brought into the picture by an act of the Micro, Small, and Medium Enterprises Development 2006 to reduce the paperwork needed in the existing MSME registration procedure.
After the initiation of Udyog Aadhaar in 2015, registration for Micro, Small, and Medium Enterprise is quite simple now as it can be carried out offline and online. Formerly, per the MSME Registration scheme, one must fill out Entrepreneurship Memorandum-I and Entrepreneurship Memorandum-II with the particular District Industrial Center.
Following the execution of Udyog aadhar, the two memorandums are out of date by a simple Udyog Aadhaar Memorandum. To get the Udyog Aadhaar Card, you will require documentation related to business and personal documents.
Udyog Aadhaar Number: A General Idea
The Micro, Small, and Medium Enterprises ministry and the Government of India gives Udyog Aadhar an identification registration. Mostly provided to Micro, Small, and Medium Enterprises, it is a twelve-digit unique identification number.
It lets businesses get the perks of government initiatives like electricity bill concessions, bank transactions, trademark registration, stamp duty registration concessions, and low-interest loans. It acts as an Aadhar card for enterprises and businesses similar to an Aadhar card. It is sometimes also Aadhar for business.
Brought into 2015, about 48 lakh micro, small and medium enterprises got registered under the scheme in 2018 in India.
Even though it is often mentioned that a Udyog Aadhar cannot be deleted or cancelled, it can only be modified or updated. That is not true. If you want to cancel udyog aadhar, you can do it.
However, there is no online option to do this task, so you need to complete it offline mode only.
Udyog aadhar cancels process:
Step 1: Getting a Udyog aadhaar registration Center: resident.uidai.gov.in
Get to the nearby Udyog Aadhar to cancel Udyog Aadhar.
It is usually located near the District Industrial Center. Each state has a centre. You can get the form for canceling your Udyog Aadhaar Registration at this center.
If you cannot find the correct address of the centre, just go through your MSME Registration Certificate. Usually, the contact information and the address for the District industrial centre are given beneath the certificate.
Step 2: Create an application for Cancellation
Draft an application to the Udyog Aadhaar Registration Center stating every detail of the business activity and whose registration you are willing to end. Additionally, mention the reason for termination concisely in the application.
Step 3: Important Documents
There is no particular list of the documents which should be needed at the cancellation stage. Besides the application form, have every important enterprise document, like your original Udyog Aadhaar Card, bank account details applicable to that enterprise, etc. Also, keep originals and photocopies of these papers.
Step 4: Acknowledgement
If your documents and application fulfil every requisite, solicit the officer-in-charge at the District Industrial Center for acknowledgement. This acknowledgement is necessary as it is important in the future.
Important things to Note down:
- Prior to applying for a cancellation of the Udyog Aadhar card, you close all the business activities pertaining to the enterprise. Also, you must deactivate every bank account relevant to a specific enterprise.
- Few states also need you to give a declaratory letter where you assure that you will not get any of the advantages of government schemes accessible under the Udyog Aadhaar Card.
- In the prior application for Cancellation of the udyog Aadhar registration, state the reason for the Cancellation shortly and precisely. The application might get rejected if the reason or other specifications pertinent to the enterprise are not properly mentioned.
- There are no costs applicable for the update, registration time, or Cancellation of the Udyog Aadhaar Card.
Conclusion
The Aadhar card is a significant document for Indian citizens, which is a particular identification evidence. This guide emphasized extensive details on the connotation of the Aadhar card in corporate operations and its function and document requisites.
For Udyog Aadhaar Registration, one needs to deliver an application in person. It is advisable to give every company-based documentation when you give your application.
Lawgical India, a leading services company, proffers Udyog Aadhaar registration to enterprises and people. Experts from our team can help you efficiently and quickly in obtaining and updating you regarding Udyog Aadhaar Card information. By using our assistance, you ensure that your Udyog Aaadhar Card information is up to date and that your firm activities sync with Udyog Aadhar requisites. Lawgical India will guide you or update you regarding your Udyog Aadhar Card. Contact us right away.
FAQs
1. What is Udyog Aadhaar registration?
Udyog Aadhaar is a 12-digit unique identification number provided by the Ministry of MSME for micro, small, and medium enterprises. It simplifies business registration and helps enterprises avail benefits under various government schemes.
2. Who is eligible for Udyog Aadhaar registration?
All Micro, Small, and Medium Enterprises (MSMEs) involved in manufacturing or service sectors in India are eligible to register under Udyog Aadhaar.
3. What are the benefits of Udyog Aadhaar registration?
Businesses registered under Udyog Aadhaar enjoy:
Subsidies and rebates on electricity bills
Faster approvals for licenses and registrations
Lower interest loans
Easier access to government schemes and tenders
Exemption from stamp duty on certain registrations
4. What documents are required for Udyog Aadhaar registration?
You only need to provide basic business and personal details via self-declaration. The authorities verify information based on your PAN and GSTIN—no physical document uploads are required for online registration.
5. Can I register for Udyog Aadhaar without an Aadhaar number?
Yes. You can visit a Single Window system with any valid ID proof like a passport, voter ID, driving license, or Aadhaar enrollment slip. The center will help complete your registration once your Aadhaar number is issued.
6. How can I cancel my Udyog Aadhaar registration?
Cancellation is done offline at the District Industrial Center (DIC). You must:
Submit a written application
Include the reason for cancellation
Attach all relevant documents like your original Udyog Aadhaar, bank details, etc.
7. Are there any charges for Udyog Aadhaar cancellation?
No. There are no government fees for cancellation, update, or registration of Udyog Aadhaar.
8. Can I update my Udyog Aadhaar information later?
Yes. You can update or modify your registration details (like business name, activity, or address). Lawgical India can help you seamlessly manage these updates.
9. What precautions should I take before cancelling Udyog Aadhaar?
Ensure:
All business activities are closed
Bank accounts linked to the enterprise are deactivated
You submit a declaration if your state requires it, confirming you're not availing government benefits anymore
10. How can Lawgical India help with Udyog Aadhaar?
Lawgical India simplifies the entire process—from registration and document preparation to updates and cancellation. With expert support and a streamlined process, your business can stay compliant without the hassle.
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