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Fema / RBI - Summary table of relevant provisions regarding definition and payment to MSME Ref: (i) The MSMED Act 2006 (came into force on 2nd October, 2006) (ii) The Central Government Notification number S.O 5622 (E) dated 18th Nov 2018 (iii) The MCA Order Jan 2019 – The Specified Companies (Furnishing of information about payment to micro and...
Read MoreFema / RBI - The IBC region witnessed another IBC amendment ordinance 2021 that provides relief to the micro, small and medium enterprises. Any default of one crore or less can be initiated under the pre-packaged process by the corporate debtor....
Read MoreFema / RBI - The Ministry of Corporate Affairs have made major changes for protecting the interest of groups of small companies or business. He laid emphasis on following compliance by all Specified Companies Whether Public or a Private Company, Micro or Small. The Companies who receive supply of goods or services from Micro or small enterprises and t...
Read MoreFema / RBI - CA Preeti Gupta MSMEs (Micro Small and Medium Enterprises) are considered to be the backbone of the Indian economy considering their valuable contribution to the socio-economic development of the country. An MSME is relatively a small scale organisation where timely availability of funds and its proper management are extremely importan...
Read MoreFema / RBI - The directions have been issued by the Reserve Bank Of India in the name of Lending to Micro, Small & Medium Enterprises (MSME) Sector] Directions, 2017. The provisions of such Directions are applicable to every Scheduled Commercial Bank licensed to operate in India by the Reserve Bank of India. Loans to MSME Sector The MSMED [&hellip...
Read MoreFema / RBI - ICAI launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during National Conclave on Empowering MSMEs towards Aatmaniarbhar Bharat to make them globally competitive....
Read MoreFema / RBI - CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs)....
Read MoreFema / RBI - Technology based Initiatives & Interventions of MSME Ministry to tackle COVID-19 challenge leads to Effective response to Prime Minister’s call of Atmanirbhar Bharat & Make in India The Step Results in lowering the cost of Medical items including Hand Sanitizer; It leads to reducing imports and making exports possible of several C...
Read MoreFema / RBI - An approval letter allegedly issued by the Ministry of MSME is granting a loan and requesting a payment of ₹ 1000 on the pretext of processing fee. This letter is Fake. Ministry of MSME does not directly deal with individual beneficiaries for any of its credit schemes....
Read MoreFema / RBI - Ministry of Micro,Small & Medium Enterprises PRESS NOTE Ministry of MSME alerts the public at large about unauthorized and ill-intentioned activities of MSME Export Promotion Council Ministry takes strong note of mischievous activities of this organization projecting itself as part of the MSME Ministry Ministry denies its role or auth...
Read MoreSanganer Enviro Project Development Vs State of Gujarat (Gujarat High Court) - Sanganer Enviro Project Development Vs State of Gujarat (Gujarat High Court) In this case High Court has directed Micro and Small Enterprises Facilitation Council to decide the following preliminary issue- Whether the respondent No.2 i.e. Micro and Small Enterprises Facilitation Council is empowered...
Read MoreAbhijit 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?...
Read MorePankaj Aggarwal Vs Union of India & Ors. (Delhi High Court) - Whether the NCLT was correct in passing an order of initiation of the CIRP against a MSME without considering the fact that the minimum threshold limit of filing application in NCLT has been increased to Rs. 1 Crore?...
Read MoreM/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....
Read MoreCircular No. RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 - (05/05/2021) - Scheduled Commercial Banks allowed to deduct amount equivalent to credit disbursed (up to ₹ 25 lakh per borrower) to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR) up to the fortnight ending December 31, 2021. Reserve Bank of In...
Read MoreCircular No. 54/2020-Customs - (15/12/2020) - CBIC relaxes entire gamut of compliance & security requirements for MSMEs. The relaxation has been carried out to ensure that the MSMEs are facilitated through rationalized compliance requirements...
Read MoreRBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 - (21/08/2020) - (i) Classification / re-classification of MSMEs is the statutory responsibility of the GoI, Ministry of MSME, as per the provisions of the MSMED Act, 2006. (ii) As per para 2 of the said Gazette notification all enterprises are required to register online and obtain ‘Udyam Registration Certific...
Read MoreNo. 2/1(5)/2019- P&G/Policy (pt. IV) - (06/08/2020) - MSME Clarification on existing Entrepreneurs Memorandum (EM) Part-II/Udyog Aadhaar Memorandum (UAM)/New Udyam Registration dated 6th August, 2020 No. 2/1(5)/2019- P&G/Policy (pt. IV) Ministry of MSME Office of the Development Commissioner(MSME) Ministry of Micro, Small & Medium Enterpr...
Read MoreRelease ID: 1639978 - (20/07/2020) - The MoU will facilitate seamless sharing of certain Income-tax Return (ITR) related information by the Income Tax Department to MoMSME. This data will enable MoMSME to check and classify enterprises in Micro, Small and Medium categories as per the criteria notified in the Notification No. S.O. 2119(...
Read MoreCircular No. RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 - 05/05/2021
Sanganer Enviro Project Development Vs State of Gujarat (Gujarat High Court) -
