- CS Priya Malani
- | Corporate Law - Articles
- 02 Jun 2020
- 1,854 Views
- 0 comment
The Central Government has vide notification dated June 01, 2020, notified the following criteria for classification of micro, small and medium enterprises which shall be effective from July 01, 2020:
| Particulars | Investment In Plant & Machinery Or Equipment | Turnover |
| Micro enterprise | does not exceed
Rs. 1Cr. |
does not exceed
Rs. 5 Cr. |
| Small enterprise | does not exceed
Rs. 10 Cr. |
does not exceed
Rs. 50 Cr. |
| Medium enterprise | does not exceed Rs. 50 Cr. |
does not exceed
Rs. 250 Cr. |
- Under the Aatmanirbhar Bharat package, the government has also done away with the distinction of services and manufacturing MSME.
- The turnover criteria for MSME will not include revenue from exports; further providing flexibility to the sector to expand their operations and push overseas sales.
OLD DEFINITION:
| PARTICULARS | MICRO | SMALL | MEDIUM |
| Investment In Plant & Machinery Or Equipment | |||
| Mfg. Enterprises | Investment does not exceed
Rs. 25 Lac |
Investment is more than Rs. 25 Lac but does not exceed
Rs. 5 Cr. |
Investment is more than Rs. 5 Cr. but does not exceed
Rs. 10Cr |
| Service Enterprises | Investment does not exceed
Rs. 10 Lac |
Investment is more than Rs. 10 Lac but does not exceed
Rs. 2 Cr. |
Investment is more than Rs. 2 Cr but does not exceed Rs. 5 Cr. |
Tags: MSMED Act
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Author Bio
Name: CS Priya Malani
Qualification: CS
Company: A. G. Industries Private Limited
Location: Delhi, New Delhi, IN
Member Since: 06 Mar 2019 | Total Posts: 11
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