How to Cancel MSME Registration?

How to cancel MSME registration? Cancellation of MSME registration in India is a simple process. It largely takes place online using the Udyam Registration portal. Here is a step-by-step guide outlining the process, documents needed, eligibility, time period, and fees involved.

Eligibility Criteria for Cancellation of MSME Registration

Your company is no longer an MSME because it has grown or for other reasons.
The company has closed down.
There has been a major change in ownership or composition.
The registration was done by mistake or is a replica.

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Step-by-Step Procedure on How to Cancel MSME Registration?

Online Process

Visit Udyam Portal: Navigate to udyamregistration.gov.in and select the “Update/Cancel Udyam Registration” option.
Log In: Log in using your Udyam registration number and registered mobile number. An OTP will be requested for verification.
Verify OTP: Enter the OTP received through SMS or email to confirm your login credentials.
Go to Cancellation Option: After logging in, click on the “Cancellation” option at the top-right side of the portal.
Give a Reason for Cancellation: Select from options like “No Further Need,” “Business Shut Down,” “Change of Ownership,” or “Duplicate Registration.” Enter further details if asked.
Submit the Request: Click on “Cancel My Udyam” to complete the request. A successful request confirmation message will be displayed once the request is submitted.
Receive Confirmation: You will be notified of the cancellation within 1-2 hours after approval.

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Offline Method

Go to your nearest District Industries Center (DIC).
Submit a written application for cancellation with supporting documents (explained in detail below).
The DIC officer will check your documents and accept the request. Confirmation will be sent within 7 working days.

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Important Documents Needed

This section tells you about the necessary documents for How to Cancel MSME Registration?

Copy of the MSME/Udyam Registration Certificate.
Aadhaar card of the proprietor/partner/director.
PAN card of the proprietor/partner/director.
Written application stating reason for cancellation (in case of offline requests).

Time Period for Cancellation

Online: Usually 1-2 hours from the time of giving the request and getting approval.
Offline: Approximately 7 working days from the time of submitting documents at the DIC.

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Cost of Cancelling MSME Registration

The cancellation process is completely cost-free for both online and offline processes.

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Points to Consider Before Cancelling

Cancellation of your MSME registration entails losing access to advantages like tax benefits, priority lending, government tenders, and mentorship schemes.
If the business situation in the future changes, you can again apply for MSME registration through the same portal.
Make sure that all outstanding benefits or schemes against your registration are settled prior to proceeding with cancellation.