UDYAM REGISTRATION CERTIFICATE SAMPLE
Udyam Registration Certificate is a crucial document issued by the Government of India as part of the Udyam Registration process, which aims to facilitate and promote the growth of micro, small, and medium-sized enterprises (MSMEs). The certificate serves as proof of the enterprise's registration under the Udyam scheme and provides various benefits and advantages to the registered entity.
➧Certificate Number: URNXXXXXXXXXX
➧Name of Enterprise: XYZ Manufacturing Pvt. Ltd.
➧Business Address: 123 Main Street, City Name, State
➧PAN (Permanent Account Number): XXXXXXXXXXXX
➧Nature of Enterprise: Manufacturing
➧Date of Commencement: 1st January 20XX
➧Previous Registration (if any): MSME/SSI No. XXXXXXXX
➧Proprietor/Partner/Director Name: SANJAY SAHU
➧Contact Details: Phone: +91-XXXXXXXXXX, Email: firstname.lastname@example.org
➧Certificate Issued Date: 10th October 20XX
The Udyam Registration Certificate is valid for a period of five years, after which the enterprise needs to renew its registration.
Udyam Registration Certificate Benefits:
The Udyam Registration Certificate bestows several advantages on registered enterprises:
➧Access to Government Schemes:
Registered MSMEs are eligible for various government schemes and subsidies, which can significantly reduce operating costs. These incentives encompass financial support, reduced interest rates on loans, and preferential treatment in government procurement contracts.
MSMEs with a Udyam Registration Certificate can access credit facilities at lower interest rates. This makes it easier for them to expand their operations, invest in new technologies, and hire skilled personnel.
➧Priority in Government Procurement:
The Udyam Registration Certificate provides a competitive edge in government tenders and contracts. Government agencies often prioritize procurement from registered MSMEs, which can be a significant revenue source for such enterprises.
➧Protection Against Delayed Payments:
The Micro, Small, and Medium Enterprises Development Act, of 2006, mandates that buyers make payments to MSME suppliers within 45 days. Non-compliance can result in interest payment to the MSMEs. The certificate offers legal protection to ensure timely payments.
➧Concessions on Trademark and Patent Registration:
The cost of trademark and patent registration is reduced for Udyam-registered businesses, making it more accessible to protect intellectual property.
➧Ease of Obtaining Licenses and Permits:
Udyam-registered entities often find it easier to obtain licenses and permits, as they are seen as more credible and trustworthy by government authorities.
➧Exemptions Under Direct Tax Laws:
MSMEs with a Udyam Registration Certificate can benefit from various tax exemptions and deductions under direct tax laws, further enhancing their financial viability.
Udyam-registered MSMEs can access collateral-free loans under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, making it easier for them to secure credit.
The certificate serves as a symbol of trust and reliability, making it easier for registered businesses to attract investors and establish partnerships with larger companies.