As already announced by the Union Ministry of Micro, Small and Medium Enterprises (MSME), w.e.f the Notification Dated 26th June, 2020, the new process of Classification and Registration of enterprises commences from 1st July, 2020. After the successful registration on Udyam Registration of a company will be known as Udyam and its Registration Process will be known as "Udyam Registration" and you will be provided an Unique number by the Ministry Of MSME which will be you Udyam Registration Number
The Govt of India has endorsed the standards for ventures as Micro, Small and Medium Enterprises (MSME) has indicated the prerequisites for enlistment as Udyam Registration (Previously known as Udyog Aadhar Registration). The Central Government on Friday informed new standards to permit online enlistment of new ventures dependent on self-revelation, doing endlessly the necessity to transfer reports and declarations, from July 1, 2020. This gets rid of the prerequisite of transferring authentications and records. According to authorities, the standard could be permitted as the Udyam enlistment process is all around incorporated with the annual expense and GST. Moreover, the subtleties took care of can be checked after utilizing PAN and GSTIN subtleties. An official proclamation said that an undertaking can be enlisted just based on Aadhaar number. Different subtleties can be given on a self-affirmation premise with no necessity of transferring or presenting any paper, accordingly it is a paperless exercise in an evident sense.