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Can a Partnership Firm undertake Udyam Registration?

MSME registration for Partnership Firm is now also referred to as Udyam registration or Udyog Aadhar Registration for Partnership Firm in India The process of Udyam Registration for Partnership Firm is 100% online using a self-declaration method. As a result, obtaining the Udyam Registration becomes an easy process for entrepreneurs new in the business world. To obtain the status of MSME for Partnership Firm, you can visit  msme.e-registration.co.in and execute the entire process.
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Udyam Registration for Partnership Firm is simple and inexpensive. Your Partnership Firm can take registration under Udyam for Partnership Firm and avail several benefits under the MSME scheme. Partnership firms that have already been established under EM-II and Udyog Aadhaar are required to re-register under the new Udyam registration. The application regarding MSME Registration for Partnership Firm can be filed on the official website of Udyam Registration.

Which business entities can register as an MSME?

Various business entities are eligible to register as Udyam or MSMEs. Ownerships, Hindu Undivided Families, Firms, One Person Companies, Limited Liability Partnerships, Private Limited Companies, Limited Companies, Producers Companies, any Association of Persons, Co-operative Societies and Partnerships are all eligible to register for MSME in India. Under the MSME or Micro, Small, and Medium Enterprises Development Act of 2006, small firms can benefit from MSME registration in a number of ways. Therefore, in order to take advantage of various beneficial advantages for their firm, all small businesses should file for MSME or Udyam registration after opening.

Prerequisites of MSME Registration for Partnership Firm?

The business, or in this case the partnership firm, must qualify the prescribed condition of capital and annual turnover to obtain the status of an MSME. Given below are the precise definitions of MSMEs according to the MSMED act in India. Based on these definitions, you can the Udyam Registration of Partnership Firm.
  • For Micro Businesses – The total amount invested in the firm must be less than Rs. 1 crore, and the annual turnover must be less than Rs. 5 crores in order for it to qualify as a micro enterprise for MSME registration.
  • For Small Businesses – In the case of a small business, your total business investment must be less than Rs. 10 crores, and your annual turnover must be less than Rs. Fifty crores in order to be eligible for the MSME registration.
  • For Medium-Sized Businesses – The largest businesses on the list are medium-sized businesses. The total investment must be less than Rs. Fifty crores and the annual turnover must be below Rs. 250 crores in order to be eligible for MSME registration.
If your Partnership Firm falls under any one of the aforementioned categories, you can easily register it as an MSME in India.

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What details are required for Udyam Registration of a Partnership Firm?

Udyam Registration for Partnership Firm is relatively simple once you’ve fulfilled all the prerequisites for MSME Registration. To complete filling out the form, you’ll need the following documents:
  • Aadhaar Number: The managing partner’s Aadhaar number is entered in the case of a partnership firm. The Aadhaar number must have 12 digits.
  • Name of Applicant: The name on the Aadhaar card, whose number is entered in the choice above, is filled out in this field.
  • Social Category: Select the applicant’s social category from the list of available possibilities.
  • Organizational Types: Select an organization from the list of available possibilities. The MSME certificate will be printed with these options.
  • Name of the firm: At this point, enter the name of the firm or the enterprise. The MSME or Udyam certificate for partnership firm will bear this name.
  • Business Location or Plant: Carefully, provide the business address in this section’s location field.
  • PAN number: Enter the business PAN card’s 10-digit PAN number.
  • Date of Incorporation or Registration: Indicate the date the business officially started.
  • Mobile Number: Enter the applicant’s or company’s mobile number. You will receive an OTP at this contact number.
  • E-mail address: Enter the candidates’ email addresses here.
  • Upload the Aadhaar Card: Applicants must upload or scan a copy of the front side of their Aadhaar card.
  • PAN card upload: Applicants may upload a scanned copy of their PAN card.

How to Apply Udyam Registration for Partnership Firm?

The stepwise process to file for Udyam registration for Partnership Firm are as follows:
Step 1: Visit the official website of Udyam Registration and sign in.
Step 2: Fill in the following information:
Step 3: Upload your PAN card and Aadhar card.
Step 4: Enter the Verification Code.
Step 5: Select “Submit Application.”
Once the process of MSME Registration for Partnership Firm is complete, you will receive the Udyam Registration Certificate on your registered email ID.

Benefits of Udyam Registration for Partnership Firm

Conclusion

You will receive hundreds of perks with an MSME or Udyam certificate that will ease your operations. However, it is crucial to comprehend all eligibility requirements and documentation needed for Udyam Aadhar for Partnership Firm. If your company meets the MSME eligibility requirements, register it right away to take advantage of some special Udyam registration perks. For any help, get in touch with SetIndiaBiz and obtain your MSME certificate without any hassles.

About Setindiabiz

Setindiabiz is an organized team of experienced CA, CS, & Lawyers, duly supported by a pool of trained accountants & paralegal staff that provides quality & affordable compliance services to startups & small businesses in India. The views, statements and recommendations expressed in this article or post are only for the sole objective of providing information, and it does not constitute professional advice or recommendation of the company. Neither the author nor the company or its affiliates accepts any liability for any loss or damage arising from any information in this article or any actions taken in reliance thereon.

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