What is UDYOG AADHAAR Registration?
As SSI’s/MSMEs plays a very important role in the socio-economic development of India the government introduced the MSMED Act in 2006 to promote and encourage these industries. MSMED Act emphasized the following while Udyog Aadhar Registration.
- a) Removal of multiple laws
- b) MSME Registration procedure
- c) Purchase preferences and credit policies
- d) Easy realization of MSMEs payment
Udyog Aadhar Benefits
A person who is registering under MSMED Act can enjoy different governmental schemes. Some of the important benefits are:
- Certain items are reserved exclusively for MSMEs/SSIs.
- Electricity bills concessions
- Higher chances of getting government tenders
- Concession in patent and trademark registration fee
- Easy bank loans with cheaper interest rate
- Stamp duty and registration charges are waived off
- Reimbursement under the bar code registration
- Subsidy in the industrial promotions
- Interest rate reduction by major banks
Documents required for UDYOG AADHAR Registration
Here is the list of Udyog Aadhar Documents that are required by you to obtain the UDYOG AADHAAR GST registration:
- a) PAN cards
- b) Rent or Lease agreement in case if the office space is rented
- c) Electricity bill
- d) Identity proof of the proprietor/partners/directors
- e) Address proof of the proprietor/partners/directors
- f) For private limited companies:
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Form 32
- Form 18
- Incorporation Certificate
- g) For Partnerships:
- h) Industrial license and exemption notification for the enterprises listed in Schedule-III
- i) All other statutory clearances needs to be obtained such as No Objection Certificate (NOC)
Why Masters India Services?
- Masters India Services will take only 1-2 business days to obtains your MSME registration thru site:www.mastersindia.co
- We have active client support that assists you through the MSME registration process
- We provide regular updates about the MSME registration process until it is completed and also provide Udyog GST software.
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