The process for registration of micro, small and medium enterprises as per new Udyam Registration will begin from Wednesday, July 1, 2020.
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An MSME in the country will now be known as ‘Udyam’ since it is closer to the meaning of an enterprise.
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Udyam Registration is an online platform allowing users to apply on self-declaration with no requirement for documents of proof, barring Aadhar, as per the notification issued by the MSME ministry.
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Udyam Registration is fully upgraded with the IT and GST systems.
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Businesses that already have the EM-II (entrepreneurs memorandum) or Udyog Aadhaar Memorandum or any other registration issued by an authority under the MSME ministry, will have to re-register themselves under Udyam.
(Source: https://udyamregistration.gov.in/)