MSMED Act

Udyam Registration – FAQs 2.0

Corporate Law - MSMEs are playing a significant role in emergence of Indian Economy. And for benefitting the MSMEs and their smooth functioning government is taking several steps, one of the major steps amongst them is the introduction of the new definition and a new portal for the same. Our previous articles on UDYAM Registration: — 1. Elucidation...

Read More

Working Capital Vs Working Capital

Corporate Law - Basic theme is same (i.e. Working Capital = Current Assets -Current Liabilities) but working and its Impact is totally different in both type of Industry i.e. Heavy Goods Industry & MSME Industry. Working Capital is necessary to run the Business smoothly over the period after its initial start-up. Maximum time the Entrepreneur fails t...

Read More

CBIC introduces flagship Liberalised AEO Package for MSMEs

Corporate Law - About AEO In 2011, Indian Authorised Economic Operator (AEO) Programme was introduced by Central Board of Indirect Taxes & Customs (“CBIC”). In 2012, Government came up with further rules and instructions in reference to AEO Programme. Administered by CBIC, the Indian AEO Programme is a voluntary programme that applies to all busi...

Read More

Budget 2021 Expectations For MSME Sector

Corporate Law - ‘Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn’t have seen a Budget being made post-pandemic like this‘  the Hon’ble Finance Minister Nirmala Sitharaman said while addressing the CII Partnership Summit 2020. She also said that to revive [&helli...

Read More

e Book of Schemes for Micro, Small & Medium Enterprises (MSMEs)

Corporate Law - The MSME sector is an important pillar of Indian economy as it contributes greatly to growth of Indian economy with a vast network of around 30 million units, creating employment of about 70 million, manufacturing more than 6000 products, contributing about 45% to manufacturing output and about 40% of exports, directly and indirectly....

Read More

ICAI Launches 100 Facilitation Centre for MSME/GST

Corporate Law - 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 More

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

Corporate Law - CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs)....

Read More

Initiatives & Interventions of MSME Ministry to tackle COVID-19

Corporate Law - 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 More

MSME Ministry Letter Granting Loan & Requesting Rs 1000 as Processing Fee is Fake

Corporate Law - 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 More

MSME Ministry alerts about unauthorized activities of MSME Export Promotion Council

Corporate Law - 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 More

HC dismisses PIL to include Advocates in Definition of ‘Professionals’ under MSMED Act

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?...

Read More

Stay on NCLT Order Initiating Insolvency Proceedings against MSME

Pankaj 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 More

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....

Read More

Measures to facilitate MSME for AEO T1 & T2 accreditation- reg.

Circular 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 More

New Definition of Micro, Small & Medium Enterprises- clarifications

RBI/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 More

Clarification on existing EM Part-II/ UAM/New Udyam Registration-reg.

No. 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 More

CBDT Signs MOU with MoMSME for sharing of data

Release 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 More

RBI extends timeline for finalization of audited accounts by NBFC

RBI/2020-21/11 DoR (NBFC) (PD) CC. No. 114/03.10.001/2020-21 - (06/07/2020) - RBI decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains or any date as notified by SEBI for submission of financial results by listed entities....

Read More

Recent Posts in "MSMED Act"

Udyam Registration – FAQs 2.0

MSMEs are playing a significant role in emergence of Indian Economy. And for benefitting the MSMEs and their smooth functioning government is taking several steps, one of the major steps amongst them is the introduction of the new definition and a new portal for the same. Our previous articles on UDYAM Registration: — 1. Elucidation...

Read More
Posted Under: Corporate Law |

Working Capital Vs Working Capital

Basic theme is same (i.e. Working Capital = Current Assets -Current Liabilities) but working and its Impact is totally different in both type of Industry i.e. Heavy Goods Industry & MSME Industry. Working Capital is necessary to run the Business smoothly over the period after its initial start-up. Maximum time the Entrepreneur fails t...

Read More
Posted Under: Corporate Law |

CBIC introduces flagship Liberalised AEO Package for MSMEs

About AEO In 2011, Indian Authorised Economic Operator (AEO) Programme was introduced by Central Board of Indirect Taxes & Customs (“CBIC”). In 2012, Government came up with further rules and instructions in reference to AEO Programme. Administered by CBIC, the Indian AEO Programme is a voluntary programme that applies to all busi...

Read More
Posted Under: Corporate Law |

Budget 2021 Expectations For MSME Sector

‘Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn’t have seen a Budget being made post-pandemic like this‘  the Hon’ble Finance Minister Nirmala Sitharaman said while addressing the CII Partnership Summit 2020. She also said that to revive [&helli...

Read More
Posted Under: Corporate Law |

ICAI Launches 100 Facilitation Centre for MSME/GST

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 More
Posted Under: Corporate Law |

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs)....

Read More
Posted Under: Corporate Law |

Measures to facilitate MSME for AEO T1 & T2 accreditation- reg.

Circular 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 More

e Book of Schemes for Micro, Small & Medium Enterprises (MSMEs)

The MSME sector is an important pillar of Indian economy as it contributes greatly to growth of Indian economy with a vast network of around 30 million units, creating employment of about 70 million, manufacturing more than 6000 products, contributing about 45% to manufacturing output and about 40% of exports, directly and indirectly....

Read More
Posted Under: Corporate Law |

Details about MSME-1 FORM

The Government of India had enacted the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 in which it had defined the micro, medium, and small enterprises. As per section 7 of the MSMED Act, 2006, the micro, small and medium and enterprises are defined as: Manufacturing Sector Service Sector Enterprises Investment in P...

Read More
Posted Under: Corporate Law |

Initiatives & Interventions of MSME Ministry to tackle COVID-19

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 More
Posted Under: Corporate Law |

Browse All Categories

CA, CS, CMA (5,118)
Company Law (6,818)
Custom Duty (8,176)
DGFT (4,431)
Excise Duty (4,421)
Fema / RBI (4,503)
Finance (4,732)
Income Tax (35,544)
SEBI (3,797)
Service Tax (3,648)

Search Posts by Date

January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031