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Corporate Law - MSMEs are playing a significant role in emergence of Indian Economy. And for benefitting the MSMEs and their smooth functioning government is taking several steps, one of the major steps amongst them is the introduction of the new definition and a new portal for the same. Our previous articles on UDYAM Registration: — 1. Elucidation...
Read MoreCorporate Law - What is the validity of Udyam Registration Certificate? Ans. In the new registration portal, it is not specifically mentioned anywhere in the Act as well in the notifications issued by the Ministry that the Udyam Registration Certificate will be valid for certain period of time like 5 years, 10 years etc....
Read MoreCorporate Law - I] An understanding on MSME: MSMEs are an important sector for the Indian economy and have contributed immensely to the country’s socio-economic development by generating employment opportunities and development of entrepreneurship. Categorization of MSMEs to be based on composite criterion of Investment and turnover, same is as under (...
Read MoreCorporate Law - This article will enlighten the procedure & requirements for Udyam Registration applicable for (new & re-registration for existing) MSME’s along with the revised definition of Classification of an enterprise as MSME....
Read MoreCorporate Law - Union Ministry of Micro, Small and Medium Entities (MSME), vide its Notification Dated 26.06.2020 notifies the new definition of MSME along with its new name i.e., “UDYAM Registration”, and introduced a new portal named “UDYAM Registration Portal”. Ministry also issued a clarification regarding new criteria for the classification ...
Read MoreCorporate Law - However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. Asignificant proportion of MSME may have annual tur...
Read MoreNotification No. S.O. 1055(E) - (05/03/2021) - GOvt has earlier provided that PAN and GSTIN is Mandatory wef 31St March, 2021 for MSME Udyam Registration has now relaxed the condition and provided that The exemption from the requirement of having GSTIN shall be as per the provisions of the Central Goods and Services Tax Act, 2017. It further p...
Read MoreNo. 2/1(5)/2019- P&G/Policy (pt. IV) - (06/08/2020) - MSME Clarification on existing Entrepreneurs Memorandum (EM) Part-II/Udyog Aadhaar Memorandum (UAM)/New Udyam Registration dated 6th August, 2020 No. 2/1(5)/2019- P&G/Policy (pt. IV) Ministry of MSME Office of the Development Commissioner(MSME) Ministry of Micro, Small & Medium Enterpr...
Read MoreRBI/2020-2021/10 FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 - (02/07/2020) - Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new criteria will come into effect from July 1, 2020....
Read MoreRelease ID: 1635713 - (01/07/2020) - As per new classification and procedure for registration of MSMEs, the portal of Ministry of MSME https://udyamregistration.gov.in is operational from today. Enterprises and entrpreneurs can register on it. A very comprehensive portal has been launched today by the M/O MSME for registration of MSMEs...
Read MoreRelease ID: 1635373 - (30/06/2020) - New Process of MSME Registration takes off in the name of Udyam Registration from 1st July, 2020 as planned earlier. ww.udyamregistration.gov.in - a new portal for Udyam Registration launched by the MSME Ministry...
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Notification No. S.O. 1055(E) - 05/03/2021
