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MSME Registration in Bangalore
Bengaluru, being one of the most industrial cities, there are lots of people hail from other places for establishing with an aim to establish at least small or medium enterprises. Since there are lot of opportunities that are along with more benefits, many seek to establish a enterprise in Bengaluru without minding their size of business.
As per MSME Act of 2006, all the MSME enterprises are required to file EM-I and EM-II with their District Industrial Centre (DIC) of their area. The EM-I is for the enterprises which are supposed to begin operation and EM-II is for the enterprises which are already in operation.
A large number of enterprises go unregistered with the MSME because of the lot of paperwork involved in the filing of EM-I and EM-II forms. As a result, these enterprises go unrecognized for the various initiatives and schemes and benefits offered by the MSME policy of the Government of Centre as well as States.
Udyog Aadhaar is a replacement of the erstwhile EM-I and EM-II. It’s an initiative of the Government for the ease of doing business in our country.
The Udyog Aadhaar Memorandum (UAM) has emerged from the vision of Hon’ble Prime Minister shared with the nation through ‘Mann Ki Baat’ telecast on 03-10-2014 and the recommendations for the Universalisation of the Registration process in the report of the Kamath Committee on Financial Architecture for the MSME sector.
The Udyog Aadhaar Number is a 12-digit unique identification number provided by the MSME ministry for the enterprises who are registered with them.
As the name itself indicates the Promoter/owner of the enterprise has to provide his Aadhaar number for his registration of the enterprise with the MSME ministry.
However, there is also a process for registering the enterprise if the Promoter/owner doesn’t have an Aadhaar card.
The Udyog Aadhaar Memorandum (UAM) is :
- Free of cost
- Fully online
- Uniform all over the country.
- Single page form for registration
- Minimal details of Promoter/owner and enterprise
- Self declaratory in nature
Why to go for MSME Bangalore Registration
There are various benefits MSME registration in Bengaluru using the Udyog Aadhaar. The UAM gives the enterprise a certificate of existence by providing a unique identification number from the MSME ministry.
There are various schemes notified by the MSME for the development of such enterprises and an enterprise which is registered under this ministry can only avail those benefits.
The various benefits of MSME registration in India are listed below.
- Loans: Easy loans, collateral free loans, easy loans and low interest loans.
- Eligible for credit prescription i.e., priority sector lending. They get a preference in lending over others as they are regarded as priority sectors.
- The taxation statutes like GST and income tax and other acts like banking act recognized the term MSME in their acts and support them on interest on delayed payments etc.
- Whether state or centre, they target the enterprises which are registered with them only.
- The Registered MSMEs get support from the government in foreign export too.
- If the enterprises are registered under the MSME they are eligible for a wide range of exemptions from the direct taxes.
- They also are eligible for subsidy of 50% in patent registration.
- They are protected against delay in payments and helped in fast resolution of disputes.
Company Vakil provides an easy solution to the users who seek to file for Udyog Aadhaar registration Bengaluru and also for SSI registration in Bengaluru.
Why UAM is necessary for SSI Registration in Bengalore
The Udyog Aadhaar Memorandum (UAM) is a replacement of the erstwhile EM-I and EM-II forms with the District Industrial Centers (DICs).
The Udyog Aadhaar Memorandum (UAM) is preferred because of the above stated reasons. There is also much to appreciate for the ease of such Udyog Aadhaar Memorandum (UAM).
Application process.
Facts about UAM:
- Free of cost
- Fully online
- Quick, fast, easy and user friendly
- Any enterprise desires to be register or else can easily register
- A separate portal for registration
- A one page form for registration
- A unique identification number is granted upon successful registration
- Uniform all over the country
- There is an alternative process for registration if the promoter/owner does not have Aadhaar number
- Minimal details for registration
- Self declaratory in nature
Udyog Aadhaar Memorandum (UAM) is for running units not for the pre-existing entities. The EM-I has been abolished, upcoming units need not file Udyog Aadhaar.
Company Vakil makes your Udyog Aadhaar Registration Bengaluru and SSI registration Bengaluru affordable and hassle free.
MSME Registration Bangalore Process
The Applicants need to fill a form and provide is details under a separate portal for Udyog Aadhaar.
In this form, the Applicant/ MSME have to self-certify its existence and provide all the necessary details as provided under various fields in the forms.
Following the above guidelines on various fields provided in the form.
- The applicant can validate his Aadhaar number by entering the number in the appropriate field and then pressing the validate button.
- The MSME/ Applicant can register more than one trade of business of the enterprise.
- The OTPs are sent to the provided email id and phone number registered with the UIDAI.
- No registration fees are required to be paid for this process
- After providing the appropriate details and uploading the same, a registration number is generated and the same is mailed to the email address provided by the applicant in the UAM form.
Company Vakil provides an easy solution to the users who seek to file for Udyog Aadhaar registration Bengaluru and also for SSI registration in Bengaluru.
Guidelines for filing the Udyog Aadhar Memorandum (UAM) Bangalore
Guidelines for Filing the Online Udyog Aadhaar Form are given under the Udyog Aadhaar portal.
- Aadhaar Number - 12 digit Aadhaar number issued to the applicant.
- Name of Owner- The applicant should strictly fill the name as on the Aadhaar card of the applicant.
OTP will be sent to your mobile number regisetred with UIDAI.
- Social Category- The applicant should choose his social category. The proof of belonging to SC, STs may be asked by authority on verification.
- Gender- The Applicant should select his gender
- Physically Handicapped- The Applicant can select Physically Handicapped status of Entrepreneur
- Name of Enterprise- One applicant can have more than one enterprises doing business and each one can be registered for a separate Udyog Aadhaar and with the same Aadhaar Number as Enterprise 1 and Enterprise 2 etc.
- Type of Organization- type of organization like sole proprietorship, partnership, LLPs etc.
- PAN Number – the applicant’s PAN number, in case of sole proprietorship the PAN number of the proprietor, and in other cases PAN number of the enterprise.
- Location of Plant- the applicant provide the multiple location of his plants.
- Official Address- The Applicant should fill the postal address of the enterprise.
- Date of Commencement- the date of commencement of operation of business of the enterprise.
- Previous Registration Details (if any)- EM-I and EM-II if any previously filed by the enterprise if any.
- Bank Details- all the details of his bank account incl. IFSC Code of the concerning the bank branch of the enterprise.
- Major Activity- The major activity i.e. either "Manufacturing" or "Service" may be chosen by the enterprise for Udyog Aadhaar.
- National Industry Classification Code (NIC Code)- The Applicant may choose multiple National Industrial Classification-2008 (NIC) Codes to include all their activities. The applicant can add more than one activities user manufacturing or services.
- Person employed- The total number of people who are directly been paid salary/ wages by the enterprise.
- Investment in Plant & Machinery/ Equipment- Purchase value of items is to be taken into account excluding:
- cost of pollution control,
- research and development,
- industrial safety devices, (and such other items as may be specified, by notification of RBI).
- DIC- The Applicant, based on the location of the Enterprise, has to fill in location of DIC.
OTPs will be generated and sent to email id and phone number (registered with UIDAI).
Company Vakil provides an easy solution to the users who seek to file for Udyog Aadhaar registration in Bengaluru and also for SSI registration in Bengaluru.
SSI Registration in Bangalore Without Aadhar
An applicant’s registration cannot be declined only with the reason of not having an Aadhaar card. He too can apply for file UAM but there is an alternative process for such application which is provided below.
The DIC or MSME-DI on behalf of the applicant file the UAM subject to the production of following documents as alternative viable means of identification.
- If the applicant is enrolled for Aadhaar, his Aadhaar enrollment ID slip;
Or
- A copy of his request made for Aadhaar enrollment.
- Any of the following: Bank photo passbook; or voter ID Card; or passport; or driving license; or PAN card; or employee photo identity card issued by the Government.
Company Vakil makes your MSME Registration in Bengalore affordable and hassle free
TIME TAKEN in registration process
MSME Certificate
Udyog Aadhaar Certificate
SSI Registration Certificate
Frequently Asked Questions About MSME Bangalore Registration
Q.1. Has EM-I and EM-II has been replaced?
Yes, it is replaced with the Udyog Aadhaar Memorandum (UAM) as a result of notification dated 18-05-2015.
Q.2. Is there any differences in information sought for EM-I , EM-II and Udyog Aadhaar Memorandum (UAM)?
Yes, the information sought under Udyog Aadhaar Memorandum (UAM) in order to promote ease of doing business.
Q.3. Is Udyog Aadhaar Memorandum (UAM) self declaratory?
Yes, the Udyog Aadhaar Memorandum (UAM) is self declaratory in nature.
Q.4. What is the portal for Udyog Aadhaar Memorandum (UAM)?
The portal for Udyog Aadhaar Memorandum (UAM) is a government portal for MSME Registration Online .
Q.5. Who has access to the data from the UAM portal?
It is allowable to State officials.
Q.6. Are there any supporting documents required for filing the Udyog Aadhaar Memorandum (UAM)?
No, as Udyog Aadhaar Memorandum (UAM) is self-declaratory in nature, no need of uploading any supporting documents.
Q.7. What is the monitoring mechanism available to Director (Industries) and GM (DICs) for new registration under UAM?
There is no monitoring of the registration process.
However, the enterprises filing the UAM online are required to provide proof of the details entered in the form as ordered to show by appropriate authorities.
Company Vakil provides an easy solution to the users who seek to file for Udyog Aadhaar registration in Bengaluru / SSI registration in Bengaluru / MSME registration in Bangalore
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