MSME Relaxation: Extension of validity of UAM's till 31st Dec 2021

Last Updated On: June 18, 2021, 10:23 p.m.
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MSME RELAXATION: EXTENSION OF VALIDITY OF UAM's TILL 31ST DEC 2021

 

Ministry of Micro, Small and Medium Enterprises vide notification no. 2347(E) dated 16.06.2021 & F. No. PY-10024/6/2021-P and G-DCMSME, made an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 and provides the extension of the validity of EM Part-II and UAMs from 31.03.2021 to 31.12.2021. This will help EM Part-II and UAMs certificate holders to avail benefits of the provisions under various existing schemes and incentives including Priority Sector Lending benefits of MSME.

Considering the hardships faced by MSMEs during the prevailing COVID-19 situation and the representations received from the various MSME associations, financial institutions and Government departments dealing with the interest of MSME Sector, the said amendment has been carried out.

It is expected that existing EM Part-II and UAM holders would be able to migrate to the new system of Udyam Registration, which was launched on 1st July, 2020, and would avail the benefits of Government Schemes, thereby paving the way for strengthening MSMEs and leading to their faster recovery, boost to their economic activity and creation of jobs.

Interested enterprises can register on https://udyamregistration.gov.in free of cost and without any documents. Only PAN and Aadhaar are required for registration on the Udyam portal. So far, this portal has facilitated registration and classification of 33,16,210 enterprises as on 17.06.2021.

 

KEY HIGHLIGHTS:

1. Existing EM Part-II and UAM holders were required to migrate to the new system of Udyam Registration, which was launched on 1st July, 2020.

2. Timeline given was 31st March 2021 to migrate to new portal.

3. This step is aimed at strengthening of MSMEs and leading to their faster recovery, boost to their economic activity and creation of jobs.

4. New Portal was launched called “Udyam Registration” at https://udyamregistration.gov.in

5. There is no cost for registration at new portal and due date for migration is now 31.12.2021.

6. Only PAN and Aadhaar are required for registration on the Udyam portal.

 

RELEVANT NOTIFICATION

MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
NOTIFICATION
New Delhi, the 16th June, 2021

S.O. 2347(E).—In exercise of the powers conferred by sub-sections (1) and (9) of section 7 read with sub-sections (2) and (3) of section 8 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government hereby makes the following amendments in the notification of Government of India, Ministry of Micro, Small and Medium Enterprises number S.O. 2119 (E), dated the 26th June, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), namely:‑

In the said notification, in paragraph (7), in sub-paragraph (3), for the figures and words, “31st day of March, 2021″ the figures and words “31st day of December, 2021″ shall be substituted.

[F. No. PY-10024/6/2021-P and G-DCMSME]

D. K. SINGH, Addl. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide number S.O. 2119 (E), dated the 26th June, 2020 and subsequently amended vide number 1055(E) dated 5th March, 2021.

 

 

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