Company Law - Struggling with MSME reporting challenges? Our practical guide simplifies complexities and provides answers to your FAQs regarding MSME reporting, payment terms, and more...
Company Law - MSME Registration: Everything You Need to Know MSME stands for Micro, Small and Medium Enterprises. They are the backbone of the Indian economy, accounting for over 90% of the country’s industrial output and employing over 80% of the workforce. MSME registration is a process by which a business is classified as an MSME. This classif...
Company Law - Explore vital role of MSMEs in India's growth, benefits, eligibility, registration process, and more. A complete guide for entrepreneurs and businesses....
Company Law - In the world of entrepreneurship, setting up a business can be a daunting task. However, with the introduction of Udyam Registration, the process has become simplified and more accessible for aspiring business owners. In this article, we will explore how Udyam Registration streamlines the business setup process and provides a platform for...
Company Law - Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME’s a ton of stress. Is there any help available from government to MSME’s ?...
Company Law - The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measures taken by RBI for improving flow of credit to MSME sector are as under: i. Priority Sector Lending Guidelines: In terms of Master Direction on ‘Priority Sector Lending (PSL) –Targets and Classification [...
Company Law - The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 crores units, providing employment to 11 crores+ people (just next to Agriculture), having 28% share of GDP and 40% of exports. Like other sectors, MSME also has been adversely affected in terms of productivity during CO...
Company Law - New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units....
Company Law - MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps in increasing employment and economic development of the country. These enterprises account for more than 40% of the total production of goods and services in India. They are one of the main reasons […]...
Company Law - Addressing a webinar of SME Street Game Changers Forum this evening, Shri Gadkari said that now only PAN and Aadhaar will be required for registration of MSMEs....
Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on time and it's causing MSME’s a ton of stress. Is there any help available from government to MSME’s ?...
Abhijit Mishra Vs Union of India & Ors (Delhi High Court) - Whether the public interest litigation (PIL) challenging non-inclusion of advocates in the definition of the word 'professionals' under the MSMED Act, 2006 will be entertained by High Court?...
Notification No. S.O. 2134(E) - (06/05/2022) - The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification No. S.O. 2119(E) dated 26th June, 2020. Consequently, the existing MSME registered enterprises were required to migrate from Udyog to Udyam from 1st July, 2020 onwards. H...
Notification No. RBI/2021-2022/161 FIDD. MSME & NFS.BC.No.16/06.02.31/2021-22 - (18/02/2022) - The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall remain valid till March 31, 2022...
Notification No. S.O. 278(E) - (19/01/2022) - Govt. amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States that the existing enterprises (MSMEs) registered prior to June 30, 2020, shall continue to be valid for a period up to March 31, 2022 (earlier, March 31, 2021): Ministry o...
Notification No. G.S.R. 29(E). - (19/01/2022) - Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium enterprise and shall file the memorandum under sub-section (1) of section 8 of the Act; (b) the fund shall be mandatorily utilised for the project or scheme or activity for...
Notification No. EE-9/5/2021-R&D-E. - (21/12/2021) - The electronics industry is the world’s largest and fastest growing industry with applications in all sectors of the economy. Semiconductors have been a key enabler in the advancement of electronics for over five decades and will play an even greater role with the emergence of new applications inc...