MSME / Udyog Registration Services

The Government of India has introduced various strategies, grants, and incentives to assist MSME (Micro, Small and Medium Enterprise) with MSMED action. Not only the country but also the banks are also providing loans to MSMEs with very low-interest rates to start their first business. However, to get these benefits from the central and local government or the banking sector, you will need MSME Registration/ Udyog Aadhaar Registration Online.

The Indian government has required an Aadhar Registration Number following the MSME action. For MSME, the application will be submitted online. It plays a very important role nationwide for small and medium enterprises. It has been observed from separate research that the country’s economic growth is not limited to large businesses but also to small business sectors operating in India. It is the backbone of such an agricultural economy.

India has the largest producer of natural resources since the introduction of small-scale industrial development. In 2015, the government changed MSME registration to Udyog Aadhar Registry. P4 Legal IP Associates – aims to simplify the registration process from all small, medium, and medium-sized businesses.

Document Required for Registration of MSME/Udyog Aadhar :

The udyam registration process is entirely online and does not require the uploading of any documents. However, before applying for Udyam Registration, the proprietor or owner of the enterprise is required to have the following documents:

• Aadhar Card
• In the case of a Proprietorship Firm, the Aadhar number of the proprietor is to be entered in the Udyam Registration form.
• In the case of a Partnership Firm, the Aadhar number of the managing partner is to be entered in the Udyam Registration form.
• In the case of a Hindu Undivided Family (HUF), the Aadhar number of the Karta is to be entered in the Udyam Registration form.
• In the case of a Company or Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Aadhar number of the organisation or authorised signatory is to be entered in the Udyam Registration form.
• PAN Card

The above documents need not be uploaded but the Aadhar and PAN number of the entrepreneur is required to be entered in the registration form.

Benefits of Online Udyog Aadhaar Registration

• According to the MSME Department, the current method of online udyog aadhaar registration will be much simpler, seamless, and business-friendly.
• It will also be helpful to set an example in Business Trends, not only in India but also in other countries as well.
• It will also reduce transaction costs and entrepreneurs and businesses will be ready to focus on their real work and be more competitive globally.
• The online udyog aadhaar registration helps to secure government tenders.
• Thanks to Udyam, bank loans become cheaper as the interest rate is much higher (Upto 1.5% lower than interest on regular loans).
• There are several tax rebates available to Udyam.
• It is easy to obtain licenses, approvals, and registrations, regardless of whether the business track as a registered business under Udyam is offered a large selection of government licenses and certificates.
• They get secure access to credit at low-interest rates.
• Registered MSMEs receive tax subsidies as well as tax and cash grants.
• Tax Advantages: According to your company, you may experience an excise right scheme and exemption from some direct taxes in the first years of your business. DDT has been reduced. The loss of the corporate tax rate has been made by 15%.
• Simple Clearance of Pending Payments: MSME registration helps you to make easy removal for any pending payment.
• 50% discount on trademark and Patent Fees: MSME registration makes your direction to check the pricing of trademark and patent registration.
• Lesser Interest Rates For Bank Overdraft (OD): Banks and other money-related businesses understand MSMEs and have made new schemes for them. This more often than excludes essential segment loaning, that means that the possibility of your company being established credit is high, and lower bank financing costs.
• Fit for Mudra Loan Scheme: MSME registration advantages you to be available for the Mudra loan scheme.
• Apply Government Tenders Simply: Subside to the government, taxes, and admission to state-run industrial estates, there is a sales tax exemption in the highest of the states. Not only this but also the central authority offers different schemes from time to time

You could call us on 9654711011 OR on 0124-4075701 write to us or e-mail us on p4legalip@gmail.com for immediate needed assistance, steps, and legal advisory.
 
Prior to fixing up the meeting/ conference, you may call on 09654711011 or on 0124-4075701 or write to us on p4legalip@gmail.com  for necessary fee structure and quote and/or to know about the consultation & professional charges for needed legal representations.