MSMED Act

All about MSME disclosure requirements in Financial Statements

Goods and Services Tax - Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 strengthens provisions relating to delayed payments to MSME’s by specifying a maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in the statement of accoun...

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How a Company can get registered under MSME

Goods and Services Tax - What is Micro, Small and Medium Enterprises? MSME is classified under two categories. Manufacturing Enterprise Service Enterprise They are defined in term of investment in plant and Machinery/Equipment- Enterprises Micro Small Medium Manufacturing Rs. 25 Lakh More than Rs. 25 Lakh but less than Rs. 5 Crore More than 5 Crore but less than ...

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Key points on e-Form MSME-I

Goods and Services Tax - As per the recent amendments made under Schedule III of the Companies Act, 2013 and read with notification S.O. 368(E) dated 22nd January, 2019 issued by the Ministry of Corporate Affairs of India- The companies are required to make certain disclosures pertaining to the  vendors registered under the Micro, Small and Medium Enterprises  ...

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Delayed Payments to MSME – Case filing before MSEFC Council

Goods and Services Tax - SMEs are backbone of India economy. Earlier, the large organizations were only considered potential economy boosters but now the scenario has changed. Small and medium-sized enterprises (SMEs) are seen as the growth engine of the Indian economy. There are over 5.5 crore small enterprises that drive our Indian economy through manufacturin...

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MSME- I Form- Compliance Under Companies Act 2013

Goods and Services Tax - Article explains Law Governing the file of MSME- I Form  as notified vide Notification Date 22-01-2019, Due Date to File Return, Important Definition, Details Required in Form MSME-I, Procedure to file Form MSME-I, Penalty for Non-Filing of Form MSME-1 and Exemptions to the Rule related to filing of Form MSME-I. Governing Law MCA wide or...

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Join 4 day MSME GST Practitioner Advanced Certified Training course

Goods and Services Tax - JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Chennai, New Delhi, Mumbai, Kolkata, Indore, Bangalore, Coimbatore, Ahmedabad, Jaipur, Agra, Cochin, Lucknow, Hyderabad, Trichy and Chandigarh in June and July 2019 starting from 22nd June 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORG...

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GST Practitioner Advanced Certified Training by MSME

Goods and Services Tax - JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Pune, Trichy, Agra, New Delhi, Chennai, Bareilly, Bangalore, Cochin, Indore, Jaipur, Goa, Mumbai, Hyderabad, Coimbatore, Ahmadabad, Luckhnow and Kolkata in May, June and July 2019 starting from 18th May 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...

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How to file Online Udyog Aadhaar Form

Goods and Services Tax - Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar.   B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units.  C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities.  D. OTP […]...

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Join 4 day Course on GST by Ministry of M.S.M.E. (Limited Seats)

Goods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. (Limited Seat) at New Delhi, Kolkata, Jaipur, Mumbai, Pune, Agra, Goa, Coimbatore, Bangalore, Cochin, Trichy, Ahmedabad, Chennai & Hyderabad in February and March 2019 starting from 23rd February 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...

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Join MSME certification Course on GST for Practitioners

Goods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of M.S.M.E. at  Kolkata, Gurgaon, Kolhapur, Goa, Indore, Trichy, Pune, Agra, New Delhi, Mumbai, Chennai, Cochin, Hyderabad and Bangalore in January 2019 and February 2019 starting from 12th January 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORGANISEED BY ...

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Unregistered MSME will also be treated as ‘supplier’ u/s 2(n) of MSMED Act

M/s Ramky Infrastructure Private Limited Vs Micro And Small Enterprises Facilitation Council & ANR (Delhi High Court) - Hon'ble HC held that an entity which falls within the definition of the micro/small enterprise will be treated as a ‘supplier’ under Section 2(n) of the MSMED Act even if it has not filed a Memorandum as required under Section 8(1) of the MSMED Act....

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Continuation of Credit Linked Capital Subsidy & Technology Up-gradation Scheme- Reg.

Office memorandum No. 41(P)/NMCP/TEQUP/EFC/2017(Pt.-2) - (06/03/2019) - The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC)....

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MSMEs Interest Subvention Scheme: Salient features & operational guidelines

RBI/2018-19/129 DNBR (PD) CC.No.096/03.10.001/2018-19 - (22/02/2019) - Interest Subvention Scheme for MSMEs aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for...

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MSME sector: Eligibility for loan restructuring without GST-registration

RBI/2018-19/127 DBR.No.BP.BC.26/21.04.048/2018-19 - (22/02/2019) - It is clarified that the eligibility for restructuring without GST-registration, as per the circular under reference, should be determined on the basis of exemption limit obtaining as on the date of the aforesaid circular, i.e., January 1, 2019....

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Interest Subvention Scheme for MSMEs

RBI/2018-19/125 FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 - (21/02/2019) - The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial...

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Govt increases minimum MSME procurement limit, Quota for women owned MSME

S.O. 5670(E) - (09/11/2018) - Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....

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Recent Posts in "MSMED Act"

Join 4 day MSME GST Practitioner Advanced Certified Training course

JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Chennai, New Delhi, Mumbai, Kolkata, Indore, Bangalore, Coimbatore, Ahmedabad, Jaipur, Agra, Cochin, Lucknow, Hyderabad, Trichy and Chandigarh in June and July 2019 starting from 22nd June 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORG...

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Posted Under: Company Law | ,

All about MSME disclosure requirements in Financial Statements

Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 strengthens provisions relating to delayed payments to MSME’s by specifying a maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in the statement of accoun...

Read More
Posted Under: Company Law |

How a Company can get registered under MSME

What is Micro, Small and Medium Enterprises? MSME is classified under two categories. Manufacturing Enterprise Service Enterprise They are defined in term of investment in plant and Machinery/Equipment- Enterprises Micro Small Medium Manufacturing Rs. 25 Lakh More than Rs. 25 Lakh but less than Rs. 5 Crore More than 5 Crore but less than ...

Read More
Posted Under: Company Law |

Key points on e-Form MSME-I

As per the recent amendments made under Schedule III of the Companies Act, 2013 and read with notification S.O. 368(E) dated 22nd January, 2019 issued by the Ministry of Corporate Affairs of India- The companies are required to make certain disclosures pertaining to the  vendors registered under the Micro, Small and Medium Enterprises  ...

Read More
Posted Under: Company Law |

Delayed Payments to MSME – Case filing before MSEFC Council

SMEs are backbone of India economy. Earlier, the large organizations were only considered potential economy boosters but now the scenario has changed. Small and medium-sized enterprises (SMEs) are seen as the growth engine of the Indian economy. There are over 5.5 crore small enterprises that drive our Indian economy through manufacturin...

Read More
Posted Under: Company Law |

MSME- I Form- Compliance Under Companies Act 2013

Article explains Law Governing the file of MSME- I Form  as notified vide Notification Date 22-01-2019, Due Date to File Return, Important Definition, Details Required in Form MSME-I, Procedure to file Form MSME-I, Penalty for Non-Filing of Form MSME-1 and Exemptions to the Rule related to filing of Form MSME-I. Governing Law MCA wide or...

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Posted Under: Company Law |

MSME FORM I – New Lease of Life for Micro & Small Enterprises

Recently, Ministry of Corporate Affairs has introduced MSME FORM I pursuant to Order 2 & 3 dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013 for furnishing Initial and Half Yearly return with the Registrar of Companies with respect to outstanding payments to Micro or Small enterprises. The intention of introdu...

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Posted Under: Company Law |

Format of Request letter to creditors to Confirm MSME status

Request Letter Sub: To confirm whether your enterprise is Micro or Small Enterprise or not under the Micro, Small and Medium Enterprise Development Act, 2006. Dear Sir/Madam, With reference to the MCA Notification, dated 22nd January, 2019, all companies, who get supplies of goods or services from Micro and Small Enterprises and whose pay...

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Posted Under: Company Law |

GST Practitioner Advanced Certified Training by MSME

JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Pune, Trichy, Agra, New Delhi, Chennai, Bareilly, Bangalore, Cochin, Indore, Jaipur, Goa, Mumbai, Hyderabad, Coimbatore, Ahmadabad, Luckhnow and Kolkata in May, June and July 2019 starting from 18th May 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...

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Posted Under: Company Law | ,

All about MSME Form I – Initial Return & Half yearly Return

This article is regarding to ‘Micro and Small Enterprise Suppliers’ notified as MCA notification on date 22nd January 2019 “Specified Companies (Furnishing of Information about payment to micro and small enterprise suppliers) Order, 2019” Act Reference e-Form MSME FORM I is required to be filed pursuant to Order dated 22 January,...

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Posted Under: Company Law |

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