Following notification of the revised criteria for classification of MSMEs on 1 June 2020 (refer KM Update below), the Central Government has notified the procedure for filing of registration memorandum for existing and new MSMEs, known as ‘Udyam Registration’ as follows:

• For enterprises seeking to become a micro, small or medium enterprise: Online registration is to be filed on the Udyam Registration Portal, based on self-declaration,with no requirement to upload documents, papers, certificates or proof. On registration, an enterprise (referred to as ‘Udyam’) will be assigned a permanent identity number to be known as Udyam Registration Number and an e-certificate, namely, ‘Udyam Registration Certificate’ will be issued on completion of the registration process. There will be no fee for filing Udyam Registration, however, Aadhaar number will be required. The Aadhaar number required is that of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm and of a karta in the case of a Hindu Undivided Family (HUF). In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along with its Aadhaar number.

• Registration of existing enterprises: All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after 1 July 2020. All enterprises registered till 30 June 2020, shall be re-classified in accordance with this notification. The existing enterprises registered prior to 30 June 2020 shall continue to be valid only for a period up to the 31 March 2021. An enterprise registered with any other organisation under the Ministry of Micro, Small and Medium Enterprises shall register itself under Udyam Registration.