MSME - Udyam registration

[Mohideen A]

We are a MSME Manufacturing unit under the erstwhile UAM/EM Part II and the registration is valid till 31.3.2021. The unit is taken over by another company and we are now a 100% subsidiary of that Holding company. The name of our company is undergoing a change and we continue with the existing line of business which is the manufacturing activity. We wish to understand the following

1) Whether subsidiary of a holding company can be a Udyam unit under the new notification No. 2119 ( E ) dated 26.6.2020?

2) If subsidiary can become a Udyam unit, then does it make a difference if the holding company is an Indian company or a Foreign company?

3) Whether the existing Registration already obtained, can be continued and an application be placed in the new portal for the change of name consequent to the change in the ownership of the Company?

4) Whether a fresh application should be made in the name of the new company consequent to the change in the Shareholding pattern of the Company?

AI Summary

Udyam registration eligibility for subsidiary companies after ownership and name changes, and options for amendment or fresh application. A manufacturing unit formerly registered under UAM/EM Part II became a wholly owned subsidiary following takeover and changed its corporate name while retaining the same business. The queries ask whether a subsidiary can obtain or retain Udyam registration, whether the holding company's Indian or foreign status affects eligibility, whether the existing registration can be continued with a name-change via the new Udyam portal, and whether a fresh application is necessary due to the change in shareholding.