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MSME Registration in Mumbai
Udyog Aadhaar registration is a number allocated to Micro, Small and Medium Industries, as defined under the Micro, Small and Medium Enterprise Development (MSMED) Act, 2006. On 18th September 2015, registration of industry through Udyog Aadhaar Memorandum (UAM) has come into effect. UAM is a simplified one-page form.
As per MSMED Act, 2006 every enterprise are expected to register themselves with District Industries Centre (DIC) of their area and also file Entrepreneurs Memorandum (EM)1 for intention to start a business and (EM) 2 after starting production.
This process required to fill forms which in turn consisted of almost 11 different forms along with the necessary attested certificates, which was again a cumbersome task and required large pile of paperwork, as a result many industries did not get themselves registered. Even the government was not able to tap such industries.
Keeping this in mind EM is replaced by Udyog Aadhaar Memorandum (UAM).Existing enterprise which has filed EM1 or EM or both, prior to the commencement of the new scheme is not required to file UAM, but if they so desire, they may also file the same. The form is available on http://udyogaadhaar.gov.in.
The form is to be filled online and on a self-declaration basis. In the form, MSME self-certifies its existence, Bank Account, Business Activity, Employment, Ownership detail and other information. No supporting documentation is required to be uploaded or submitted while filing the UAM, but the Central Government or State Government or any Authorized Person on their behalf may seek the documentary evidence along with the UAM. Udyog Aadhar is just like an ID proof for small enterprises in a way it is no different than having a PAN card or Aadhar card.
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Reasons for MSME Registration in Mumbai
Kamath Committee recommended a single window clearance system for MSME sector. Udyog Aadhaar Registration (UAR) does not only make the registration of MSM enterprise quick and flawless, but also has various other reasons which make it important from point of view of the enterprise.
Following are certain benefits of the UAR:
- Subsidies: A Subsidy is a tool which attracts every business enterprise and various State Governments provide a number of benefits to Udyog Registered enterprise, which includes subsidies on entry fees to the industrial sector. There is an exemption in Goods and Services Tax, Customs, and other direct taxes also. Also they are provided with infrastructure and electricity facilities.
- Credit Facilities: When Udyog Aadhaar registered enterprises in Mumbai are in search of a term loan, they are provided quick loan approvals from the Bank and Financial Institution that too at lower rate of interest as compared to other customers. Even, they are provided with the flexible maturity period.
- Legality: When a person carrying Sole Proprietorship and not exceeding the turnover limit of GST, in case is registered with Udyog Aadhaar Registration, gets the valid legality of the business.
- Government Encouragement: The UAR enterprises are favored by government in terms of approval of permit and licenses.
- Reduction in filing fees for trademark and patents
- Financial support from Government in Foreign Export.
Why do I need to do MSME Registration in Mumbai ?
Udyog Aadhar Registration (UAR) is not mandatory, still it is advisable for the units/enterprises to have it as it will enable the units/enterprises to seek information and apply online about various services being offered by all Ministries and Departments.
If an enterprise is registered with UAR it gets various subsidies from the Government, which would include
- Lower entry fee or absolutely free entry into the particular industry.
- The exemption in various types of direct and indirect taxes.
- Subsidies in building infrastructure for the industry.
- Facility of electricity supply.
- Other than subsidies, the enterprise also enjoys credit facilities from various banks and financial institutions.
- Easily availability of loan.
- Lower interest rate.
- Flexible maturity period.
- Easily availability of guarantor on behalf of the enterprise.
UAR enterprise automatically gets status of legality i.e. validity of the business. Government encouragement is the other important point which helps the enterprise to push itself further with fewer difficulties and more opportunities.
Startups and the new inexperienced owner are provided with the opportunity and various resources. This encourages both, the start ups as well as the owners and keeps them motivated in long run. It gains support from the Government when your company files a government tender in the form of availability of credit facility to Udyog Aadhaar Registered units and availability of guarantors for the industrial units registered in Mumbai.
Process for MSME Mumbai Registration
The online Udyog Aadhaar registration process has been created with an aim to encourage the online filing of Entrepreneurs Memorandum and online MSME registration in Mumbai. The online Udyog Aadhaar registration in Mumbai will simplify the registration process. In the registration form, the MSME will self-certify its existence, bank account, business activity details, employment and ownership details and other information.
For the registration process of small and medium scale industry, we need to follow step by step the procedure as stated below:-
- For registration, the owner can follow two modes of filling the single form being an online as well as offline.
- If you want to register more than one industry then can do it by filing individual registration.
- The document which is required for registration is the Personal Aadhaar number then name of the enterprise followed by Address and bank account details.
- Once the detail is being uploaded you will get the registration number.
Documents and Information Required for Online Udyog Aadhar Registration Mumbai
For Udyog Aadhaar Registration following are the requirements which are needed when registration is done:
- Name of Entrepreneur (owner): The name should be as mentioned in Aadhaar Card.
- Aadhaar Number: The 12 digits Aadhaar number on the card.
- PAN Card: Permanent Account Number of the Owner.
- Social Category: General/SC/ST/OBC (proof).
- Physical Disability.
- Name of The Legal Entity: Name of the enterprise. If there is more than one enterprise to be registered then a separate application for each of the enterprise is to be made.
- Type of enterprise: Type of legal entity whether it is private co., public co., OPC, HUF, etc.
- Location: The area, city and the state where the enterprise is located are to be mentioned.
- Official Address: Actual address where the enterprise is located.
- Date of commencement: The date on which business was started.
- Major Activity: A major area of business i.e. manufacturing or service.
- Previous Registration Details: Details of previous registration, if any.
- Bank Details: Details of the bank account of the company including the branch name and IFSC code.
- No. of person employed.
- Investment of money in Plant and Machinery.
- DIC: Details nearest of District Industry center.
Advantages & Benefits of SSI Registration Mumbai
Udyog Aadhaar Registration provides numerous advantages to the enterprises which push them towards growth and accomplishment of their objective.
Certain advantages of UAR are-
- Various kinds of subsidies are received by the enterprise. It may be tax subsidy or even tax holidays are provided for a certain period of time. Other than this infrastructure, electricity, plant, and machinery, land, etc. are provided at a subsidy.
- Reduction of fee for the filing of Patent and Trademark Application.
- Easy availability of loan from the financial institutions, as the government has recently introduced various schemes for startups and the Mudra Loan Scheme.
- The rate of borrowing also gets reduced i.e. interest on the borrowed loan as compared to other customers of the bank.
- Support from the government in case your enterprise files a Government tender in form of a waiver of the security deposit and preference received.
- Flexibility in the maturity period for the borrowed loans.
- Enterprises which are registered through UAM have availed Barcode registration subsidy.
- Special support is provided to the UAR enterprise which deals in foreign export and exhibitions.
- MSME are also not required for stamp duty and registration fees.
- Fast resolution of disputes.
- Octroi Benefits.
- Subsidy on NSIC Performance and Credit Ratings.
- Reservation of products exclusive manufacturing by MSME/SSI.
TIME TAKEN in registration process
MSME Certificate
Udyog Aadhaar Certificate
FAQ about MSME Mumbai Registration
1. Who can get MSME Registration Mumbai?
Ans: Any business which fulfils the turn over criteria of UAR, if the threshold limit exceeds, it is required to get a company registration.
2. What type of business can be started in Udyog Aadhar Registration Mumbai ?
Ans: Any business related to manufacturing and service can be commenced under UAR.
3. How to register an E-Commerce business through the Aadhar Udyog Portal?
Ans: E-commerce business can be registered by visiting udyog aadhaar website using the link-
But before registering E-commerce business with UAR company registration and GST registration is required.
4. After registering through UAN, can I get a GST number?
Ans: Yes, you can apply for GST No., if you have Udyog aadhaar certificate. It certifies that MSME unit is an incorporated entity.
5. Can I change my name in Udyog Aadhaar?
Ans: No, you cannot change your name in Udyog Aadhaar but you can change the Business name in Udyog Aadhaar.
6. Do I need a bank account for Udyog Aadhaar Registration in Mumbai?
Ans: Yes bank details are required to be provided in the form, you are required to enter bank account number and IFSC code.
7. What is UAR fee?
Ans: The Government does not charge any fees for Udyog Aadhaar Registration in Mumbai. However, if you take service of professional i.e. CA/CS/CMA/Lawyer their professional fees may vary.
8. What is the difference between Udyog Aadhaar and Sole Proprietorship?
Ans: A Sole Proprietorship is a form of the business organization whereas Udyog Aadhaar is a certificate which shows that the MSME has been registered.
9. What is the difference between UAR and Company Registrations?
Ans: Udyog Aadhaar is concerned with MSME registration whereas Company registration is referred to form of the company organization i.e. Private co., Public co., etc.
10. I am getting an error message “This Udyog Aadhaar Number is already present in our Database”?
Ans: You have been already registered in MSMED at a bank, you will receive an email with your login credentials using which you can view & update your information.
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