All You Need To Know About ‘Udyog Aadhar’

What is UAM?

The UAM is a single-page and single window registration system, working through a portal //http.udyogaadhar.gov.in// for new MSME registrations which subsumed all other existing online forums. It is based on self-declaration format, thereby eliminating the need for any other documents.  It is important to note that  competent authorities can call applicants for production of their documents in future for verification purposes.

How to register online?

Step1: VISIT THE WEBSITE

The portal contains the single page document to be filled. Click on the following link and the new portal will address your need on the first appearing page itself.

http://udyogaadhaar.gov.in/UA/UdyogAadhar-New.aspx

Step2: PERSONAL INFORMATION OF THE ENTREPRENEUR

The Entrepreneur’s name and 12-digit Aadhaar number will be sought in the initial particulars. Tally the name from the UIDAI card before filling it. To proceed further, the applicant needs to “VALIDATE AADHAAR” or can “RESET” information filled.

Then, choose the social category from among the options displayed i.e. General/SC/ST/OBC, to which the applicant belongs.

NOTE: The Udyog Aadhaar registration is an online portal for individuals who possess Aadhaar card. In exceptional cases, those who don’t have the card can file for UAM (offline) with the General Manager (GM) of the concerned District Industries Centre (DIC) as notified in the gazette. In the coming time, the GOI will further address the concern for those who don’t have Aadhaar card.

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What Are The Legal Aspects Involved In Setting-up A Startup?

Hundreds of ideas must be evolving in your mind when you want to start a new business. But, if you aren’t aware of the legal aspects involved in this whole process of building a Startup, It may land you into a trouble. Even though, you have capital, great idea and other capabilities, your business would tend to fall by avoiding legal formalities required for starting a business. Today, many of us, especially youths, have a dream to start a new business but a significant proportion falls short due to lack of finance, experience and legal knowledge.

This article focuses on the legal aspect involved while setting up a startup.

What is a Startup?

Before all the legal formalities, the first thing we need to know is ‘What is a Startup?’.  In order to avail exemption from the industrial–business laws applicable to the business entities, an entity needs to fall under the definition of ‘startup’ as defined by the Government. A Start Up is not defined under any law in force. But, Government of India by notification in its Official Gazette, has specified what startup is. Your organization fall under the category of start up, only if, it fulfils following essentials–

• Up to five years from the date of its incorporation/registration, if it is incorporated or registered in India;
• In any preceding financial year its annual turnover has not exceeded Rs. 25 crore;
• And it is devoted towards innovation, deployment, development, or commercialization of new products, processes or services driven by technology or intellectual property.

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