The Udyam certificate is essential for every entrepreneur in India. To update the Udyam certificate is simple. If you want to make changes in your business, like changing the firm name, contact details, ownership details and also investment details, these details are required to update the Udyam registration. After updating your certificate, you can access the government schemes.
The government initiative that provides a unique identification number to small businesses is based on their self-declared details, such as investment in plant and machinery or equipment, turnover, etc. The benefits of the Udyam Certificate are access to government schemes and subsidies, easier access to loans and credit at lower interest rates, eligibility for MSME tenders, protection against delayed payments, and preference in government procurement policies.
What is Udyam registration?
Udyam registration is a government-issued certificate granted to eligible businesses as Micro, Small or Medium Enterprises (MSMEs) under the MSME Development Act, 2006. In July 2020 it was introduced as a replacement for the Udyog Aadhaar. The process of Udyam registration is made easy online with a paperless process. After successfully completing your registration process, you get 16 digits of the Udyam registration number FSSAI. The Udyam Registration ID is very important to log in to your Udyam portal. Udyam registration helps to grow your business. And accessing the various government benefits.
Who is authorised to update the Udyam registration?
Updating the Udyam Registration Certificate is a process that should be undertaken by the authorised signatory of the enterprise, typically the proprietor, managing partner, or an authorised director.
This ensures that the information provided is accurate and legally binding. The Ministry of Micro, Small, and Medium Enterprises (MSME) emphasises that the registration and any subsequent updates should be carried out exclusively through the official Udyam Registration Portal. No private agencies or individuals are authorised to perform these activities on behalf of the enterprise.
Process to update the Udyam registration certificate:
Visit the Udyam registration portal.
Click on “Update Udyam registration”; you can view the “update details” of “Update Udyam registration”.
Logging in to the Udyam portal using your registration ID
Enter the registration number and use OTP for authentication (you will receive the OTP on the registered mobile number which is linked with Aadhaar).
To update the relevant details, such as enterprise name, plant address, business activity, investment or turnover, legal status of PAN and contact details.
After updating the details to submit the updated form, you will receive the confirmation message. And an updated certificate will reflect the changes once verified.
You Can Apply for and Download the Udyam Annexure Certificate Online Through the Udyam Portal
What Changes May Require an Update?
You should update your certificate if there are changes in:
Business name or address
Type of organisation (e.g., proprietorship to partnership)
Bank details
Mobile number or email ID
Investment in plant and machinery or turnover
Number of employees
Business activity (services/manufacturing)
Why update the Udyam registration certificate:
Compliance with Government Regulations:
The rule of MSME to update the business details in the Udyam registration certificate.
The changes in business structure, turnover, investment, or contact details must be reflected in the certificate.
Access MSME benefits:
MSMEs receive government benefits like:
Subsidies
Lower interest loans
Tax benefits
Tender preference
If the Udyam registration certificate is not updated, you may lose these MSME benefits.
Banking & Financial Needs:
Banks and financial institutions use your Udyam certificate for:
Loan approvals
Credit ratings
If you want faster approvals of loan processing time, the updated Udyam registration certificate is very helpful.
Growth & Reclassification
MSMEs are classified based on investment and turnover:
Micro
Small
Medium
If your business moves to the growth side, like you want to invest and increase your turnover, updating your certificate reflects this new status, which can unlock new schemes.
Avoid Penalties or Deactivation:
The government may deactivate your Udyam registration or deny benefits if found to be based on outdated or incorrect information.
For Accuracy in Public and Government Records:
Udyam registration is often used for:
GST verification
Trade licence processing
Government tenders
Having updated and correct details ensures smooth coordination with other departments.
When Should You Update Your Udyam Registration?
Immediately After Any Change in Business Details:
Operational Updates:
Change in business activity (e.g., from manufacturing to services)
Update in number of employees
Address or Contact Changes:
Change in business address.
Change in mobile number or email ID.
Financial Updates:
Change in investment in plant/machinery or equipment
Change in annual turnover
Shift in MSME classification (e.g., from micro to small)
Business Identity Changes:
Change in business name or legal entity
Change in ownership (e.g., proprietorship to partnership)
Change in type of organisation (e.g., sole proprietorship to private limited)
You can Apply for Udyam Re-Registration Through Udyam Portal
Conclusion:
Updating your Udyam registration after expanding your business is essential to maintain the accuracy and credibility of your business in the ecosystem. It is used to access the government schemes, financial benefits, and compliance with legal requirements. Follow the simple steps to easily update your Udyam registration certificate. And also, it is used for future reference.
