Corporate Law - What Are the Pros and Cons of Udyam Registration for a Freelancer, Proprietor, Self Employed, or Small Entity? Before describing the pros and cons of Udyam registration, many newbie entrepreneurs still have questions about what Udyam Registration is! So, if you have the same confusion, let’s make it clear before coming to the point. Udy...
Read MoreCorporate Law - MSME represents Micro, Small & Medium Enterprises. Enterprises are categorized under one category out of Micro, Small & Medium Enterprises based on Investment & Annual Turnover Criteria. Registration under MSME is not yet made mandatory by the Government but beneficial in many ways for enterprises. Enterprise can get MSME reg...
Read MoreCorporate Law - New Definition of MSME To qualify either as a Micro, Small or Medium Enterprise, your business needs to have an investment amount and annual turnover that is below the minimum threshold for each enterprise. What Documents Required for Udyam Registration Certificate? If you wish to register to apply for an MSME Certificate, below mentioned...
Read MoreCorporate Law - Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates, or proof. On registration, an enterprise (referred to as ‘Udyam’ in the Udyam Registration portal)...
Read MoreCorporate Law - Everything you need to know about MSME Udyam Industry Registration (formerly known as Udyog Adhar) What is Udyam Registration? The main question in the minds of many novice entrepreneurs is what Udyam registration is. If you are having the same question, then you are at the right place. Udyam Registration, also known as MSME Registration,...
Read MoreCorporate Law - New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units....
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. 2134(E) - (06/05/2022) - The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification No. S.O. 2119(E) dated 26th June, 2020. Consequently, the existing MSME registered enterprises were required to migrate from Udyog to Udyam from 1st July, 2020 onwards. H...
Read MoreRBI/2021-2022/67 FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22 - (07/07/2021) - It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them:...
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 More
Notification No. S.O. 2134(E) - 06/05/2022
RBI/2021-2022/67 FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22 - 07/07/2021