Extension of Validity for Existing MSMEs Registrations

Ministry of Micro, Small and Medium Enterprises (MSME) vide notification No. 278(E) dated 20.01.2022 amends 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 31.12.2021 to 31.03.2022. This will help EM Part-II and UAMs certificate
holders to avail benefits of the provisions under various existing schemes and incentives including g Priority Sector Lending benefits of MSME.

Several representations have been made by various MSME associations, financial institutions and Government departments dealing with the interest of MSME Sector to the ministry stating the
hardships faced by MSMEs during the COVID-19 pandemic.

Key Highlights:

• The New Portal was launched on 01.07.2020 called as “Udyam Registration” at https://udyamregistration.gov.in.
• This step of launching of the “Udyam Registration Portal” is aimed at strengthening of MSMEs and leading to their faster recovery, boost to their economic activity and creation of jobs.
• Under the scheme the Existing EM Part-II and UAM holders were required to migrate to the new system of Udyam Registration and the timeline given to migrate to the new portal was 31st December 2021.
• There is no cost for registration at new portal and due date for migration has now been extended from 31.12.2021 to 31.03.2022 wide notification No 278(E).
• For registration on the new Udyam portal, MSMEs are required to furnish their PAN and Aadhaar on the Udyam portal.

The above extension is a major relief to MSMEs to avail the benefits of the provisions under various existing schemes and incentives in the view of considering the hardships and difficulties faced by the enterprises registered as MSMEs during the COVID-19 pandemic.

Syed Aman, Audit Associate, SW India