The Role of Consultants in Simplifying Udyam Registration

The consultancy services are required for business assistance in the present generation. High-speed business setting Reducing complexity, making informed decisions and promoting sustainable progress. If you want to start a consultancy service in India, it is mandatory to register for the Udyam certificate. The Udyam certificate is introduced by the micro, small and medium enterprises (MSMEs) in India. The process of online Udyam registration is very simple and easy. 

What is Udyam registration?

Udyam registration is a government-issued certificate granted to eligible businesses as Micro, Small or Medium Enterprises (MSMEs) under the MSME Development Act, 2006. In July 2020 it was introduced as a replacement for the Udyog Aadhaar. The process of Udyam registration is made easy online without a paperless process. After successfully completing your registration process, you get 16 digits of the Udyam registration number FSSAI. The Udyam Registration ID is very important to log in to your Udyam portal.  Udyam registration helps to grow your business. And accessing the various government benefits. 

What are the eligibility criteria of consultancy for Udyam Registration?

Nature of Business?

Under the consultancy, including the business, are: 

1. Management consultancy.

2. IT and technology consultancy.

3. Business advisory.

4. Legal or HR consultancy.

5. Financial and investment consultancy.

6. Marketing and PR consultancy.

MSME classification:

Structure of business

• Sole Proprietorship

• Partnership Firm

• LLP (Limited Liability Partnership)

• Private Limited Company

• One Person Company (OPC)

• Cooperative Society or Trust (if engaged in commercial activity)

Business location:

• Must operate a business in India.

• Address proof is not required for Udyam but needed for bank licensing.

Not eligible for Udyam registration:

• Trading business.

• Non-commercial organisation.

• The consultancy was banned for illegal services.

Required documents for Udyam registration:

• Aadhar of the business owner/authorised signatory.

• PAN card.

• GSTIN (the turnover exceeded 20 lakhs).

• Bank details 

Steps to register the Udyam certificate:

Step 1: Visit the official website of Udyam. 

Step-2: Select the new registration of Udyam option.

Step 3: Enter all the details in the application form, like:

• Name of the applicant.

• Mobile number.

• Email ID.

• PIN code, state district.

• Gender.

• Social category.

• Business name.

•  Date of commencement of business

•   Address of the business.

• Type of organisation.

• Main business activity of enterprises.

• Investment plan and machinery.

• Annual turnover.

• Adhar and PAN and GST details and bank details.

• Additional details of the business.

Step 4: Enter the verification code.

Step 5: Submit the application form.

Benefits and advantages of Udyam registration:

• Government recognition.

• Access government tenders.

• Collateral-free loans.

• Protection against delayed payments.

• Subsidies and incentives.

• Electricity and utility bills.

• Access the government schemes.

• Lifetime validity.

• Getting business growth opportunities.

You Can Apply for Udyam Re-Registration Through Udyam Portal

Conclusion: 

Every consultancy must register the Udyam certificate. The process of Udyam online registration is very simple and easy. And access the various government benefits. And it helps to grow your business. The registration is a hassle-free online process with no need for paperwork. And accessing the business growth opportunities, protection against delayed payment and the certificate validation is a lifetime.