How Can I Register Udyam For Private Limited Company?
How Can I Register Udyam For Private Limited Company?
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A Udyam registration is a certificate issued by the government to Micro, Small and Medium Enterprises (MSMEs). The scheme has a lot of benefits for entrepreneurs that can help them in growing their businesses. Some of the benefits include protection against delayed payment, collateral free loans, tax concessions, octroi rebates and more.
The process of Udyam registration is entirely online and can be done by visiting the official portal of the scheme. The website has different sections with information about the eligibility criteria for the scheme, steps for filing the application and more. Applicants have to provide their PAN number, date of incorporation or registration and the business contact details like address, email ID and phone number. They also have to upload or scan the front page of their Aadhaar card. After filling all these details, the applicant will get an OTP on their registered mobile number. This OTP will be used to verify the data. Afterwards, the entrepreneur will have to agree on the terms and conditions of the scheme.
Once the verification is complete, the applicant will be provided with a Udyam registration certificate. The entrepreneur will have to self-declare their investment and turnover data. They can do this by logging in to the MSME Udyam portal and submitting the required details. The portal is fully integrated with the Income Tax and GST Identification systems along with the government e-marketplace, so the investment and turnover figures will be automatically taken from these systems.
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