Company Law : The guide explains practical steps to identify MSME-registered vendors despite no official lookup system. It highlights documentat...
Income Tax : जानें कि अपने व्यावसायिक खातों को प्रभावी ढंग से ...
Income Tax : Discover the seamless process to check MSME registration by PAN number. Learn step-by-step methods and alternatives, ensuring comp...
Income Tax : Understand MSME payment obligations, due dates, and tax implications. Ensure timely payments to registered vendors to avoid income...
Finance : Explore FAQs on the recent amendment to Section 43B of the Income Tax Act, 1961, affecting MSME payments. Learn about applicabilit...
Income Tax : Explore how the new 43 B (h) clause of the IT Act impacts Kerala Textiles and Garments Dealers Welfare Association and their appea...
Corporate Law : The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measu...
Corporate Law : The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 crores uni...
Corporate 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 an...
Corporate Law : MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps i...
Custom Duty : Delhi High Court orders release of a startup's goods held by Customs, citing an inexplicable delay and directing a review of polic...
Corporate 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...
Corporate Law : Whether the public interest litigation (PIL) challenging non-inclusion of advocates in the definition of the word 'professionals' ...
Corporate Law : The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification ...
Fema / RBI : The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 sh...
Corporate Law : Govt. amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States t...
Corporate Law : Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium en...
Corporate Law : The electronics industry is the world’s largest and fastest growing industry with applications in all sectors of the economy. Se...
> New Definition of MSMEs: From a legal perspective, the definition of MSMEs as under Section 7 (1) of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) will be revised by raising the investment limit and while earlier, the Section 7(1) of the MSMED Act classified enterprises as micro, small and medium […]
The Ministry of Micro, Small and Medium Enterprises (‘MSME’), vide notification dated 26.06.2020, declared the new process of classification and registration of enterprises as MSME. This Notification comes into effect from 01.07.2020. All the existing registered enterprises are required to register again on “Udyam Portal”as per new classification. Further the registration process on the portal […]
MSME-I and Assessment of applicability of Notification S.O. 368(E) dated 22nd January, 2019 In exercise of powers conferred by Section 9 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, the Ministry of Micro, Small and Medium Enterprises had vide Notification Dated 2nd November, 2018 directed all companies who get supplies of goods and services from micro […]
In the previous article [MSME Legal backdrops Series – Part II], we have gained knowledge about Chapter – I covering section 1 & 2 of MSMED Act, 2006. We have also discussed some important definitions viz. Supplier, Buyer, Enterprise, Goods etc. In this article, we will discuss about Chapter – II covering section 3 to […]
Ministry of Micro, Small and Medium Enterprises have come out with notification no. [F. No. 21(5)/2019-P&G/Policy (Pt-IV)] dated 26th June 2020, wherein following new criteria of classification of enterprises and new registration procedures under MSMED Act,2006:- Classification Micro Enterprises Investment in Plant & Machinery or Equipment – Not more than 1 Crore Turnover- Not more […]
A micro, small and medium enterprise (MSME) will now be known as Udyam as per the notification issued by the Ministry of MSME on 26 June 2020. The ministry has also come up with detailed criteria for the classification of MSMEs and the procedure for registration and the arrangements made by the ministry for facilitation in this […]
Following the Atmanirbhar scheme and for facilitating ease of doing business, Union Ministry of Micro, Small and Medium Enterprises (MSME), vide its Notification Dated 26.06.2020, notifies the new definition of MSME and new registration process known as – ‘Udyam Registration’ In that context, a new portal is introduced known as “UDYAM REGISTRATION PORTAL” which becomes […]
MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes, and incentives promote MSMEs through the MSMED Act. To avail of the benefits under the MSMED Act from the Central or […]
In the previous article [MSME Legal backdrops Series – Part I], we have gained knowledge about what is MSME, difference between terms MSE and SSI, legal background of MSME, MSMED Act, 2006, purpose of MSMED Act etc. In this article, we will discuss about some of the important provisions of MSMED Act, 2006 along with […]
Ministry of Finance, Government of India, with a view to provide several benefits and to create large number of employment opportunities within India, announced various relief measures especially for the MSMEs (vis-à-vis Micro, Small & Medium Enterprises). To achieve this dream of creating lot more employment in India, it was felt necessary to widen the […]
