Udyam Registration Procedure for those who already having registration as Udyog Aadhaar Memorandum UAM
The ministry of MSME declared a new registration process know as Udyam registration. And all the existing Udyog Aadhaar certificate holders should re-register again on the new Udyam registration portal. All existing micro small medium enterprises registered under Udyog Aadhaar shall register again on the Udyam Registration by 31 March 2021.
Formally, MSMEs are defined in terms of investment in plant and machinery. The new definition of MSME was announced by the Finance Minister. Revised new definitions of MSME will include both the turnover of the company and the investment in plant and machinery or equipment.
New Definition of MSME under Udyam
Micro Enterprise units: Registered business under the MSME sector will be called Micro-Enterprise units if they have investments up to Rs 1 crore and turnover of less than Rs 5 crore. The definition earlier was on investment criteria of up to Rs 10 lakh for Service MSMEs earlier and Rs 25 lakh or manufacturing.
Small Enterprise units: For an MSME to be defined as a Small unit, its investment limit has been raised from Rs 5 crore to Rs 10 crore with a turnover of less than 50 crores. This applies to all MSMEs including the Service enterprises which earlier came under-investment of up to Rs 2 crore.
Medium Enterprise units: Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units. Earlier, the investment limit for Medium units was up to Rs 10 crore and Service enterprises up to Rs 5 crore.
How Enterprise is classified as a micro small or medium enterprise?
A business enterprise on the fulfillment of the below-mentioned criteria shall be classified as a micro, small, or medium enterprise.
|Micro||Not more than 5 Cr.||Not more than 1 Cr.|
|Small||Not more than 50 Cr.||Not more than 10 Cr.|
|Medium||Not more than 250 Cr.||Not more than 50 Cr.|
The new easy process is very simple, for all units which are eligible to get covered under the new definition of MSME’s provided by the GOVERNMENT OF INDIA.
Important Note For Existing Enterprises
- All existing small-medium business enterprises registered under EM–Part-II or UAM shall register again on the new MSME Udyam Registration portal on or after the 1st day of July 2020.
- All the new or old enterprises registered till 30th June 2020, shall be reclassified 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 of March 2021.
- An enterprise registered with any other organization under the Ministry of Micro, Small, and Medium Enterprises shall register itself under Udyam Registration.
Document Required for re-registration for existing enterprise for Udyam certificate:
- Udyog Aadhaar Memorandum Number
- Registered Phone Number
- Email Id
- Personal Aadhaar number
Procedure for re-registration for existing MSME enterprise for Udyam certificate:
Step 1: Visit the Udyam Registration Website
Step 2: Fill in all the details on the re-registration existing Udyog Aadhaar form as per your business sector like proprietor, pvt ltd, partnership firm, public limited.
Step 3: Make the online payment for your re-registration application
Step 4: One of the registration executives will process your re-registration application
Step 5: In 2-4 working hours you will receive your Udyam certificate in your registered e-mail address
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