What is Udyog Aadhaar Registration or MSME Registration?

Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises in India. It is also known as Aadhaar for Business. As of July 2018, more than 48 lakh MSMEs in India are registered under Udyog Aadhaar.

Udyog Aadhaar scheme was launched in September 2015 by Ministry of Micro, Small and Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) with the purpose to promote micro, small and medium enterprises. The registration of Udyog Aadhaar is free.

Benefits of Udyog Aadhaar Registration

·       Excise exemption

·       The exemption under the direct tax laws

·       50% reduction in fee for filing patents and trademarks

·       Credit guarantee scheme

·       Protection from delayed payments

·       Loans without guarantee, low-interest rates on loan

·       Financial support for participating in foreign business exposure from the Government of India.

·       Subsidies provided to increase the company's revenue

·       Concession in electricity bills

·       The exemption provided when applying for government tenders

·       Octroi benefits

Additional Information:

• Production Capacity: As Required
• Delivery Time: 1 Days

• Starting a new business
• Business Growth
• Business Expansion
• Working Capital
• Launching new products

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We at Bneev Consulting provide you option of hiring the best CA in Delhi or top CA firms in Delhi having expertise in the fields of accounting, auditing, taxation laws, company laws, etc.

• Accountancy or bookkeeping services

Writing up of accounts and preparation of financial statements.

• Auditing services :

Various audits like statutory audit under Companies Act 2013, tax audit under Income Tax Act 1961, GST audit, internal audit, stock audit etc.

• Taxation services

Preparing and filing of returns for tax purposes like Income tax returns, TDS returns and GST returns. It also includes representing the client before the tax authorities and rendering general advice on taxes to his clients.

• Registration services

Online company registration in Delhi, online firm registration in Delhi, GST registration, IEC registration, FSSAI registration, APEDA registration, ISO registration, MSME registration, etc.

• Other business related services

Company formation, company closure, company annual filing, LLP annual filing, business consultancy, financial advisory services, direct and indirect taxation advisory services, management consultancy services, foreign remittance compliance, etc.

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Additional Information:

• Production Capacity: As Per Requirement
• Delivery Time: On Time

The share capital is that part of a company's equity which has been raised by issuing shares and selling them to stockholders in exchange for capital (cash or other considerations). In order to maintain financial decorum, the government stipulates that no company can indiscriminately issue shares for the purpose of raising capital. To that effect, authorized share capital is the maximum value of share capital that the company is legally authorized to issue to shareholders.

Hence the authorized share capital of the company can be increased at any time, subject to the constraints and clauses dictated by section 61 (read with section 13 and 14) of the Companies Act, 2013.

Section 61 of the Companies Act, 2013, orders that for expanding the Authorised offer capital, approval in Articles of Association is a pre-condition. Hence verifying that the necessary provisions are spelled out within the Articles is a pre-requisite to increasing authorised share capital.

In case the Articles do not approve an increase, it is then incumbent to amend them to allow the same before proceeding, as per the provision of Section 14 of the Companies Act, 2013. The Article of Association should be amended by a special resolution.

A board meeting is called wherein it is decided that an EGM is to be held to discuss and vote on the matter of raising authorised share capital. Once the date, place, and time of the EGM are agreed upon by the Board, a notice for the same is issued to every member/shareholder, director, auditor of the company, who will thereafter vote upon the matter of raising authorised share capital, as per Section 101 of the Companies Act 2013.

Moreover, the notice must consist of the voting method that is to be utilized for passing the special resolution to increase the authorised share capital of the company, and the explanatory statement pursuant to Section 102 of the Companies Act is to be enclosed as well.

Once notice of the impending EGM has been sent out and the meeting is in session, the matter of increasing authorised share capital is deliberated upon and then voted upon in the manner set forth in the notice for the incidence of the EGM. The Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, is then passed to increase in authorised share capital of the Company.

Within a time frame of 30 days of the passing of Ordinary Resolution, Form SH-7 must be filed with the concerned Registrar of Companies (RoC) along with the necessary fees and attachments as prescribed by Section 64. In addition to the altered MoA and AoA, the following attachments are required to be submitted along with e-form SH-7 

• Board Resolution for increase in authorised share capital;
• Board resolution for modification in the capital clause of Memorandum of Association;
• Shareholders' Resolution that has been passed in the EGM.

The RoC will then check the forms and attached documentation. If all necessary requirements are fulfilled, RoC shall approve the Increase Authorised Share Capital.

Additional Information:

• Production Capacity: As Per Requirement