The Ministry of Micro, Small and Medium Enterprises (MSME) had issued a notification wherein, all existing enterprises registered under Entrepreneurs Memorandum (EM) Part-II or Udyog Aadhaar Memorandum (UAM) were directed to register them again on the Udyam Registration Portal on or after the 1 July 2020.
Further, it has been said that all existing enterprises registered prior to 30 June 2020, shall continue to be valid only for a period up to the 31 March 2021.
Later, the Ministry of MSMEs vide its notifications dated 16 June 2021 and 19 January 2022, had extended the validity of EM - Part-II and UAMs from 31 March 2021 to 31 December 2021 and then again to 31 March 2022.
Now once again, the Ministry of MSMEs vide its notification dated 6 May 2022, had extended the validity of EM - Part-II and UAMs from 31 March 2022 to 30 June 2022.
Registration process:
(1) The form for registration shall be as provided in the Udyam Registration portal.
(2) There will be no fee for filing Udyam Registration.
(3) Aadhaar number shall be required for Udyam Registration.
(4) The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF).
(5) In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.
(6) In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on self-declaration basis.
(7) No enterprise shall file more than one Udyam Registration: Provided that any number of activities including manufacturing or service or both may be specified or added in one Udyam Registration.
(8) Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures appearing in the Udyam Registration or updation process shall be liable to such penalty as specified under section 27 of the Act.
Updation of information and transition period in classification:
(1) An enterprise having Udyam Registration Number shall update its information online in the Udyam Registration portal, including the details of the ITR and the GST Return for the previous financial year and such other additional information as may be required, on self-declaration basis.
(2) Failure to update the relevant information within the period specified in the online Udyam Registration portal will render the enterprise liable for suspension of its status
(3) Based on the information furnished or gathered from Government’s sources including ITR or GST return, the classification of the enterprise will be updated.
(4) In case of graduation (from a lower to a higher category) or reverse-graduation (sliding down to lower category) of an enterprise, a communication will be sent to the enterprise about the change in the status.
(5) In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise will maintain its prevailing status till expiry of one year from the close of the year of registration.
(6) In case of reverse-graduation of an enterprise, whether as a result of re-classification or due to actual changes in investment in plant and machinery or equipment or turnover or both, and whether the enterprise is registered under the Act or not, the enterprise will continue in its present category till the closure of the financial year and it will be given the benefit of the changed status only with effect from 1st April of the financial year following the year in which such change took place.
For Notification dated 26 June 2020, click here
For Notification dated 6 May 2022, click here.
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