Micro, Small and Medium Enterprises Registration
Deliverables - Documents Required - Timeline
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Deliverables
Name Approval of the Company
Central Government License
Directors DIN and Digital Signature (DSC)
PAN and TAN
Certificate of Incorporation and Registration
Documents Required For Micro, Small and Medium Enterprises Registration
- Education/Professional qualification, KYC and income proof of the Director
- Proof of work experience in the financial sector and recent credit report, net worth certificate of directors
- Memorandum of Association and Articles of Association, Incorporation Certifcate of Company
- aadhaar Card and PAN card
- Banker’s Report about the company, Banker’s Certificate of No Lien stating the Net Owned Fund
- Detailed Action plan about the products and risk assessment policy
- Structure plan of the organisation
Timeline
20 Days
(from receipt of all documents)
Step 1
New entrepreneurs and entrepreneurs having EM-II registration need to click the button “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II” shown on the home page of Udyam Registration Portal.
Step 2
On the next page, enter the Aadhaar number and the name of the entrepreneur and click on the “Validate and Generate OTP Button”. Once this button is clicked and OTP is received and entered, the PAN Verification page opens.
Step 3
The entrepreneur must enter the “Type of Organisation” and the PAN Number and click on the “Validate PAN” button. The portal gets the PAN details from the government databases and validates the PAN number of the entrepreneur.
Step 4
After verification of PAN, the Udyam Registration form will appear, and the entrepreneurs need to fill in their personal details and details of their enterprise.
Step 5
Enter the investment and turnover details, select the declaration, and click on the “Submit and Get Final OTP” button. The OTP is sent, and after entering the OTP and submitting the form, the Udyam Registration Certificate will be sent through email.
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FAQs
No. It is not mandatory for small, medium and micro enterprises to apply for MSME registration.
There is no expiry of the Udyam/MSME Registration Certificate. As long as the entity is ethical and financially healthy, there will be no expiry of the certificate.
Yes. Earlier, the MSME registration covered only manufacturing and service industries. However, in July 2021, the government announced that the wholesale and retail trade would come under the MSME classification. Thus, traders can apply for MSME registration for their wholesale/retail trade business except for motor vehicles and motorcycles.
All entities classified as Micro, Small and Medium enterprises as per the MSME classification are eligible to apply for MSME registration. An individual cannot apply for MSME registration. A proprietorship, partnership firm, company, trust or society with an investment below Rs.50 crore and annual turnover below Rs.250 crore are eligible for MSME registration.