Welcome to Kanakkiyal, your reliable partner in the world of finance and compliance. Situated in the vibrant city of Chennai, India, Kanakkiyal stands as a beacon of trust and proficiency in the realm of accounting and company registration services.

MSME UDYAM Registration

MSME Registration is playing very important role for the small and medium business across India.

Numerous surveys show that country’s true economic growth reckoned not just on its large-scale industries and foreign investments but also on its small and medium level industries that also includes various cottage industries operating in India.

By looking towards the developing country like India whose economy is basically dependent on agriculture and small-scale industries, applying for MSME registration or SSI Registration could be considered as its backbone.

In India, every state has its own tradition and culture which they follow and become eminent in that kind of industry. 

Get a quote

Get a quote from Kanakkiyal in less than 24 hours.

Documents Required For Udyam Registration Online

Aadhaar Number

The user will need to provide their 12-digit Aadhaar Number

Pan Card

The user will need to provide their PAN Card Number

Bank Account

The user will need to provide their Bank Account Number

Msme Udyam Registration Process

Application Drafting

A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.

Processing

One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases

Certificate

Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital

                  REVISED MSME UDYAM CLASSIFICATION

A micro, small and medium enterprise (MSME) is classified as below-

ClassificationInvestment in plant and machinery or equipmentTurnover
Micro enterpriseNot more than INR 1 CroreNot more than INR 5 Crore
Small enterpriseNot more than INR 10 CroreNot more than INR 50 Crore
Medium enterpriseNot more than INR 50 CroreNot more than INR 250 Crore

Frequently Asked Questions​

Udyam Registration is the new process of MSME Registration launched by the the Ministry of Micro, Small and Medium Enterprises on July 1, 2020

The new MSME registration process is completely online, paperless and based on self-declaration. No documents or proofs are required to be uploaded for registering an MSME. You may still need an Aadhaar card, Pan Card and Bank account details while form filling

Tax Benefits

Easy Clearance of Pending Payments

50% discount on trademark and Patent Fees

Lesser Interest Rates For Bank OverDraft(OD)

Eligible for Mudra Loan Scheme

Apply Government Tenders Easily

Visit LegalDocs and get Udyam registration done in a simple procedure. Read our section on “How to Register MSME using Udyam Registration Portal?” to directly register on the portal.

Yes, Udyam registration is mandatory in India.

.

Get a quote

Get a quote from Kanakkiyal in less than 24 hours.