The MSME update process is how you can change or update information related to your MSME registration. Here’s a step-by-step guide on how to do it:
Visit the Official MSME Portal:
Start by going to the official MSME registration website, which is Bharat licence expert.
Log In to Your Account:
Use your registered credentials (username and password) to log into your account on the portal. If you don’t have an account, you may need to create one first.
Select Update Option:
Once you are logged in, look for the option to update your MSME registration. This is usually found in the dashboard or under the services menu.
Provide Updated Information:
Fill in the necessary fields with the updated details. This may include changes to your business name, address, ownership, or other relevant information.
Upload Required Documents:
Attach any supporting documents that are needed for the update. This could be proof of the changes you are making, like a new address proof or ownership documents.
Review Your Updates:
Before submitting, carefully review all the information to make sure it is correct and complete. This helps avoid delays in processing.
Submit the Update Request:
After ensuring everything is accurate, submit your update request. You should receive an acknowledgment of your submission.
Await Confirmation:
The MSME authorities will review your request. If everything is in order, you will receive confirmation of the updates made to your MSME registration.
Download Updated Certificate:
Once approved, you can download the updated MSME certificate from the portal for your records.
Copy of MSME Certificate:
A copy of your current MSME registration certificate is needed to verify your existing details.
Identity Proof:
An identity proof of the owner or authorized signatory, such as an Aadhaar card, PAN card, or passport.
Address Proof:
Proof of the business address, which can be a utility bill, rental agreement, or property deed.
Business Registration Documents:
Any relevant documents that show the legal registration of your business, such as partnership deeds, articles of association, or certificate of incorporation.
Financial Statements:
Recent financial statements (if applicable) to provide information about your business’s financial status.
Updated Information Details:
A document stating the changes you want to make, including new business details, changes in ownership, or any other relevant updates.
Bank Account Statement:
A recent bank account statement in the name of the business may be required to confirm business operations.
Proof of Ownership (if applicable):
If there is a change in ownership, documents like transfer deeds or agreements may be needed.
Determine the Need for a New License:
If the changes to your business are substantial—like a change in ownership structure, a new business name, or a shift in the type of business—you may be required to apply for a new license instead of simply updating the existing one.
Complete the Application Form:
Go to the official MSME registration portal and fill out the new application form. Ensure that all the new details are accurately provided.
Gather Required Documents:
Collect all necessary documents as mentioned during the registration process. This includes identity proof, address proof, and any documents relevant to the changes.
Submit the Application:
After filling out the application and attaching the required documents, submit it through the portal.
Wait for Approval:
The MSME authorities will review your application. If everything is in order, they will issue the new MSME license.
Cancel the Old License (if applicable):
If you receive the new license, make sure to formally cancel the old license, especially if it is no longer valid.
What is an MSME Registration Certificate?
The MSME registration certificate is an official document issued by the Ministry of Micro, Small, and Medium Enterprises (MSME) in India. It confirms that your business is registered as a micro, small, or medium enterprise under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.
Importance of the MSME Registration Certificate
Recognition:
It provides legal recognition to your business as an MSME, which can enhance credibility with customers and partners.
Access to Benefits:
Registered MSMEs are eligible for various government benefits, subsidies, and schemes aimed at supporting small businesses.
Easier Loan Approval:
Banks and financial institutions often prefer lending to registered MSMEs, making it easier to obtain business loans.
Protection Against Delayed Payments:
MSME registration helps in safeguarding against delayed payments from buyers, as it allows you to file complaints under the MSME Development Act.
Market Opportunities:
Many government contracts and tenders are exclusively reserved for MSMEs, giving you more business opportunities.
How to Obtain an MSME Registration Certificate
Visit the Official Portal:
Go to the Udyam Registration portal (https://bharatlicenseexpert.com/) or the MSME website.
Fill the Application Form:
Complete the online application form with accurate details about your business, such as the type, address, and ownership structure.
Upload Required Documents:
Attach the necessary documents, including identity proof, address proof, and any business registration documents.
Submit the Application:
Review your application and submit it through the portal.
Receive the Registration Certificate:
Once your application is processed, you will receive your MSME registration certificate via email or through the portal.
Change in Business Structure:
If your business structure changes—like moving from a sole proprietorship to a partnership—you need to update your MSME certificate to reflect this change.
New Ownership:
If there’s a change in ownership or management, updating the certificate is necessary to ensure that the new details are officially recorded.
Expansion or Diversification:
If you expand your business or start offering new products or services, updating your certificate helps reflect the current state of your business.
Change in Address:
If your business moves to a new location, updating your MSME certificate with the new address is essential for maintaining accurate records.
Financial Growth:
If your business grows and shifts categories (e.g., from micro to small), it’s crucial to update your registration to access better benefits or government schemes that match your new status.
Compliance with Regulations:
Keeping your MSME certificate updated ensures that you comply with government regulations and avoid penalties.
Access to Government Benefits:
Some government schemes and benefits are based on the current information in your MSME certificate. Updating ensures you do not miss out on any advantages available for your business.
Enhanced Credibility:
An updated certificate reflects your business’s current operations and can enhance your credibility with clients, suppliers, and financial institutions.
Access to More Benefits:
Updating your certificate ensures you qualify for new government schemes and subsidies that match your business’s current status.
Improved Credibility:
An updated certificate reflects your business’s current operations, which can increase trust with customers, suppliers, and banks.
Easier Loan Approvals:
Banks and financial institutions may be more willing to lend to you if your MSME certificate is up to date, as it shows your business is active and compliant.
Legal Compliance:
Keeping your certificate updated helps you stay in line with government regulations, avoiding penalties or issues with authorities.
Better Market Opportunities:
An updated certificate may allow you to apply for government tenders and contracts reserved for specific categories of MSMEs, expanding your business opportunities.
Enhanced Business Operations:
If your business has expanded or diversified, updating your certificate ensures that all aspects of your business are officially recognized.
Protection Against Delayed Payments:
With an updated MSME certificate, you can better protect yourself against delayed payments from buyers, as it helps you assert your rights under the MSME Development Act.
Increased Competitiveness:
An updated certificate allows your business to stay competitive in the market, especially if you’re eligible for new benefits that can help you gro
Visit the Udyam Registration Portal:
Go to the official Udyam Registration website bharatlicenceexpert.com
Log in to Your Account:
If you have previously registered, log in using your existing credentials. If you’re a new user, you may need to create an account.
Choose the Update Option:
Look for the option to update your MSME certificate. This may be labeled as “Update Registration” or “Modify Registration.”
Fill in Required Details:
Provide the necessary information that needs to be updated, such as changes in business structure, address, ownership, or financial status.
Upload Supporting Documents:
Attach any required documents that support your changes. This could include proof of address, business registration documents, or any other relevant paperwork.
Review Your Application:
Carefully check all the details you’ve entered to ensure they are accurate and complete.
Submit the Application:
Once you’re satisfied with the information, submit your application for review.
Receive Confirmation:
After submission, you will receive a confirmation of your update request. Keep this confirmation for your records.
Wait for Approval:
The MSME authority will review your application. If everything is in order, you will receive your updated MSME certificate.
Download Your Updated Certificate:
After approval, you can download the updated MSME certificate from the portal.
Change in Business Structure:
If your business changes its structure (e.g., from sole proprietorship to partnership), you need to update your certificate to reflect this change.
New Ownership:
If there’s a change in ownership or management, it’s essential to update the certificate with the new details.
Expansion of Business:
If you expand your business operations or add new products/services, update your certificate to include this information.
Change of Business Address:
If your business moves to a new location, you need to update your certificate with the new address.
Change in Financial Status:
If your business’s financial status changes significantly (for example, moving from a micro to a small category), you should apply for an update to access better benefits.
Change in Contact Details:
If there are changes in your contact information, such as phone number or email address, update your certificate to ensure that you receive important communications.
Compliance with Government Regulations:
If there are new regulations or requirements from the government that affect your business, it’s a good idea to update your MSME certificate accordingly.
Eligibility for Government Schemes:
If you want to apply for new government schemes or benefits that require updated information, you should update your certificate first.
Visit the Udyam Registration Portal:
Go to the official Udyam Registration website at bharatlicenceexpert.com
Log in to Your Account:
Enter your login details. If you have not registered yet, you may need to create a new account.
Select Update Option:
Look for the option labeled “Update Registration” or “Modify Registration.” Click on it to begin the update process.
Provide Updated Information:
Fill in the necessary fields with the updated details. This may include changes in your business structure, address, ownership, or products/services offered.
Upload Required Documents:
Attach any documents needed to support your changes. This can include proof of the new address, updated ownership documents, or any other relevant files.
Review Your Application:
Double-check all the information you entered to ensure it is correct and complete. Mistakes can delay the update process.
Submit Your Application:
After reviewing, click the submit button to send your application for the update.
Receive Confirmation:
You will get a confirmation message or receipt after submitting your application. Keep this for your records.
Wait for Approval:
The MSME authority will review your application. This may take some time, so be patient.
Download Your Updated Certificate:
Once approved, you can log back into the portal and download your updated MSME certificate.
If any MSME Update Certificate is rejected by the authority, the specific MSME is required to stop its business operations until the update is successfully completed. This means that the business cannot operate legally until the necessary corrections or resubmissions have been made and approved by the authority.
Important Points to Remember:
This is not a Government run Website and the form is not the actual registration form, it is just to collect information from our clients so that our expert can easily understand their business or needs. By proceeding forward with this website you are aware that we are a private consultant and the fee collected in this website is a consultancy fee.
We are located in: Patna, Bihar.
