Udyam registration is an initiative brought by the Government of India, which helps micro, small, and medium enterprises to get recognized as MSMEs and enjoy many benefits. But sometimes it happens that the business owner wants to get the Udyam registration cancelled and deactivated. Whether the business has closed down or there has been a change in the structure of the business, or business comes out of the MSME category, due to all these reasons, the owner wants the Udyam registration to be cancelled. Therefore, it is important for them to know the cancellation process. Through this article, we will know why you should cancel Udyam registration and the step-by-step process of how it can be done.

Reasons for cancelling Udyam registration

There are many reasons why business owners want to cancel and deactivate their Udyam registration, such as

1. Business closure: If you have closed your business, then there is no need to keep Udyam registration active.

2. Change in business type: If you have switched your business from proprietorship to a private limited company or any other structure, then you should get a new registration done.

3. Submitting incorrect information: You may have made a mistake during the registration process; then it will be easier to cancel and apply again.

4. Coming out of the qualification of MSME: If your business has gone beyond the limit of MSME, then your registration becomes invalid.

5. Duplicate registration: If you have mistakenly registered the same business more than once then you should have to cancel it.

Can you cancel Udyam registration through online mode?

Although there is no provision for cancellation on the government website of Udyam, there are many private consultancies that have a provision for cancellation of registration on their website.

This article gives the steps on how you can cancel your Udyam registration if you want.

• First of all, go to an authentic Udyam registration portal.

• The option to cancel Udyam registration will be available in the navigation bar. Click on that option.

• After that, the delete Udyam registration form will open. Fill in all the information asked for in the form correctly.

• Such as the applicant's name, mobile number, Udyam Udyog Aadhaar number, business name, etc.

• After that, enter the verification code and verify.

• Finally, click on cancel application.

The whole process will take some time to complete. When the whole process is completed and verified, your Udyam registration certificate will be cancelled.

Tips Before Cancelling

• Double-check if you really need to cancel. Some issues can be fixed by updating the certificate.

• If you're closing your business, keep records of cancellation for future reference.

• Don’t forget to inform banks, vendors, or government departments about the cancellation, especially if you've used the Udyam certificate for loans or schemes.

You Can Apply for Udyam Annexure Download Through Udyam Porta

Conclusion

Due to Udyam registration, doors of many opportunities open for MSMEs, but sometimes, such a time comes that it becomes necessary to cancel the Udyam registration certificate. As the government has made the Udyam Registration Service completely online and paperless, there is no provision for cancellation on the government website, so to help MSMEs, many private consultancy websites have helped in cancelling the Udyam Certificate of the MSME. Due to which they do not have to face any problem. All that has to be kept in mind is that they should follow the compliance of the government, and if there is any problem, then consult a legal advisor related to your business.