Is udyog aadhar intended to take the place of micro, small and medium enterprise?

Previously registering your business as a micro, small and medium enterprise was a difficult as well as time consuming and stressful bureaucratic process. However udyog aadhar make it easier. The main goal of creating udyog aadhar is to make the process of registering a firm as a micro, small and medium enterprise easier and it has proven to be successful.

Before learning about the udyog aadhar memorandum system it is important to understand the previous entrepreneur memorandum part one and part two system.

Entrepreneur used to choose from a variety of scheme under this system such as the national portal a few states own portal for micro, small and medium enterprise registration and so on. Regardless things have settled down since the udyog aadhar was replaced.

What is udyog aadhaar and how does it work?

Udyog aadhar is simply a business version of aadhaar. It is a twelve digit unique registration number issued by the government of india for small and medium firm under the micro, small and medium enterprise development act 2006.

The udyog aadhaar initiative was launched in september 2015 with the goal of supporting micro and small companies. By july 2018 over 48 lakh micro, small and medium enterprise in india had enrolled for udyog aadhaar. Micro, small and medium enterprise registration was the previous name for udyog aadhar.

Later the micro, small and medium enterprise registration procedure was merged with the udyog aadhar registration process. It is a 100 per cent free online procedure.

Who should register for the udyog aadhaar?

To be clear any type of business whether it is a one person company and a partnership firm as well as a producer company and a section eight company as well as a limited liability partnership company and a private limited company as well as a co operative society and a business association and any other as well as undertaking should obtain a udyog aadhar.

To be clear any type of business whether it is a one person company and a partnership firm as well as a producer company and a section eight company as well as a limited liability partnership company and a private limited company as well as a co operative society and a business association and any other as well as undertaking should obtain a udyog aadhar.

What is the registration procedure for udyog aadhaar?

It is now quite simple to apply for and obtain a udyog aadhar number. Udyog aadhar registration is done through its online platform and anyone with a business and an aadhar card can register. If the person does not have an aadhar card he should apply for udyog aadhaar memorandum with the district industries centre general manager. The government of india will address the issue faced by owner who do not have an aadhar card later.

These are the step by step instructions for filling udyog aadhaar form.

Go to the udyog aadhar registration official website.

Fill in the form personal information such as your name and aadhar number and a 12 digit unique number. After that click validate and generate one time password and input the one time password number that was sent to your registered phone number.

Social classification. Give the applicant caste information.

Name of the company. Fill in the name of the company that the general public and customer are familiar with.

If the applicant runs many enterprise he can use the same aadhar number to obtain one and more udyog aadhaar number.

Type of company. Select the type of legal entity for your company.

Enter the permanent account number of the owner and in the case of an limited liability partnership and corporation the permanent account number of the entity for whom udyog aadhar registration is sought.

The company location is. Fill in the correct business address and location.

Official website. Your official and business office address as well as your phone number and email address should be entered.

Official website. Your official and business office address as well as your phone number and email address should be entered.

Date of commencement. Enter the date your business was established.

Information about previous registrations. If you have a previous micro, small and medium enterprise registration fill in the detail.

Information about the bank. Fill up the company bank account information including the indian financial system code and bank account number.

The main activity is. Enter the main location where your company activity takes place such as manufacturing and production as well as service.

National interchange code number. Select the correct national interchange code. 

Person in charge. Choose the total number of employee employed by your company. 

Investment. Include the amount spent on plant and machinery minus the cost of the building and land.

District industry center. If necessary fill in the details of the district industry center closest to your entity.

Accept the declaration after completing all of the aforementioned detail and submitting the udyog aadhar application to complete the procedure. You will receive an acknowledgement number at the end of the procedure.

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