MSME Updation In Chennai
With the use of the MSME Updation In Chennai Scheme, MSMEs can update their current data, including their current registration information, the business activity and nature of their operation, the information about their directors and promoters, their bank accounts, GSTIN, and other financial statements.
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MSME Updation in Chennai
Udyam registration in Chennai has become much simpler in recent times, as MSME/SSI is a major contributor to the nation’s economy. Our team of experts have been providing registration services for many years. Businesses can avail of collateral-free loans from banks, as well as various other schemes. Enterprises, both old and new, can benefit from these schemes. Udyam registered businesses are eligible for 1% overdraft, electricity bill concessions, and reimbursement of ISO certification charges.
The MSME Updation In Chennai Scheme enables MSMEs to update their existing information such as their current registration details, the business activity and nature of their operation, the details of their directors and promoters, their bank accounts, GSTIN and other financial statements. The portal also allows MSMEs to access various services such as loan applications, credit ratings, and access to training and skill development programs. The MSME Updation In Chennai Scheme is a great opportunity for MSMEs to update their information and comply with Government regulations.
Certain things in the MSME certificate cannot be updated
A few necessities cannot be modified after the whole registration is complete.
- Candidate Name
- District
- State
- Aadhaar Number
Benefits MSME Updation in Chennai
- Businesses can obtain bank loans at lower interest rates (about 1 to 1.5%) than conventional loans.
- Availability of tax rebates
- Special government bids aimed mostly at MSMEs
- MAT credit, or minimal alternative tax, can now be carried forward for up to five years rather than the previous 10 years.
- Option for a one-time payment of the outstanding balance
- MSME registration holders can access the government’s e-marketplace and e-tenders through the Udyam Registration Portal.
- Holders of an MSME registration are eligible for discounts on patent registration.
Checklist for MSME Updation In Chennai
- Business Name
- PAN Card
- Address Proof
- Bank Account Information
- GST Registration (if applicable)
- Aadhar Card
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Certificate of Incorporation
- Udyog Aadhaar Memorandum (UAM)
- Digital Signature Certificate (DSC)
Documents Required for MSME Updation in Chennai
- Aadhar card of Enterprise
- PAN Card of Enterprise
- GST Details
- Bank Details
- Latest Passport-size
Process for MSME Registration in Chennai
- Firstly, for Udyam update, go to the official Udyam registration website
- Secondly, for the Udyam Registration Update process, click on the “Update Details” tab on the ribbon
- Thirdly, you will see a drop-down menu. Click on “Update/Cancel Udyam Registration”.
- After that, the website will redirect you to the Udyami Login Page. On this page, you have to enter your Udyam Registration Number (URN), and mobile number, and pick whether you want your OTP on your phone on email id.
- Once you’ve put in the required details, click on validate and generate OTP. You will receive an OTP at your preferred location within moments. Enter the OTP in the box and click on “Validate OTP & Login”.
- Finally, after successful login, you will be able to see your Udyam Registration certificate. Click on the “Edit Details” button at the top-right to start editing the necessary details for Udyam update.
- Next, after clicking on the edit details button, the page will refresh to show an editable-form with your registration details. Accordingly, you can edit the information in the relevant fields.
- After you’ve finished editing, click on the “Update details” button. This is the last step in your online MSME certificate update process.
- After this, representatives will review and accordingly approve your updated details. Within a few working hours, an updated certificate will be sent to your registered email address.
- Alternatively, to download or print your updated Udyam certificate you can also follow the steps provided in our article on How to download and print Udyam Registration.
Our Support
If you find the Udyam registration process too complicated, Intellecto FinServices is here to help. Our experts will make the process easy and hassle-free, completing the registration and providing the MSME certificate in just a few clicks. The entire process is online and transparent. Don’t wait any longer – contact us now!
FAQ
What is new scheme of MSME?
The ECLGS will be extended up to March 2023 expanding the guarantee cover by INR 50,000 crore to a total cover of INR 5 Lakh Crore. INR 2 lakh crore additional credit for Micro and Small Enterprises to be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE).
Do we need to update Udyam registration every year?
After completion of the process of registration, a certificate will be issued online. This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed. There will be no need for renewal of Registration.
Why should you Keep your MSME registration Updated
Keeping your MSME registration information up-to-date ensures that the details about your business remain accurate and current.
Is it mandatory to update MSME registration?
Registration of your MSME is not mandatory. If you choose to register, then your business can enjoy an excise exemption scheme from direct taxes, avail special schemes from banks custom made for MSMEs, and many more.
What is the difference between Udyam and MSME?
If you are having the same question, then you are at the right place. Udyam Registration also known as MSME Registration is nothing but a government registration that is provided along with a recognition certificate and a unique number. This is to certify small/medium businesses or enterprises.