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CS Executive · Setting Up of Business, Industrial and Labour Laws · Various Initial Registrations and Licenses

Meera Textiles, a proprietorship in Surat, wants to register as a micro enterprise to access MSME benefits. Which statement about the process of Udyam Registration is correct?

Udyam Registration is completed online on the Udyam portal through self-declaration and no fee is charged. It does not need a physical application, ROC approval or inspection, because the system is designed to be paperless and simple for micro, small and medium enterprises.

  1. AIt is done online on the Udyam Registration portal based on self-declaration, with no fee chargedCorrect
  2. BIt requires a physical application to the District Industries Centre along with a prescribed fee
  3. CIt requires prior approval from the Registrar of Companies
  4. DIt is valid only after an inspection by a government officer

Explanation

Udyam Registration is a free, paperless online process on the government portal and rests on self-declaration. No physical filing, fee, ROC approval or inspection is needed before registration. Hence the DIC-based physical filing option is wrong.

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