MSMED Act

9 Reasons Why SMEs Must Seek Listing on Stock Exchanges

Finance - Benefits of Listing on stock Exchange to companies and investors. Stock exchanges permit businesses access to capital and the chance to boost their reflectivity and public image. Knowledgeable businesses can harness the control of stock exchanges to develop and heighten their companies....

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Credit & Financial Facilities to MSMEs

Finance - Credit & Financial Facilities to MSMEs (Micro, Small & Medium Enterprises) MSME sector has been recognised as a very important sector of the Indian Economy. MSMEs play a major role in industrialization of rural & backward areas and also play a crucial role in providing large employment opportunities. Ministry of Micro, Small &...

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Requirement to File MSME Form -1

Finance - Article explains Definition of MSME As per MSME Development (MSMED) Act, 2006, Applicability of MSME Form 1 to Companies registered under Companies Law, Compliance related Half Yearly Submission of MSME Form 1 and  Penalty under section 405(4) of the Companies Act 2013 for delay in filing of MSME Form 1. As per MCA Notification S.O. [&he...

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Micro, Small and Medium Enterprises (MSME) Registration

Finance - MSME stands for Micro, Small and Medium Enterprises. Article explains What are Micro, Small and Medium Enterprise, MSME Registration Process, Benefits of MSME Registration, Time Taken for MSME Registration, Validity of MSME Registration, Time for Updating MSME Registration and also contains FAQ’s on MSME Registration. What are Micro, Sm...

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Micro small and medium Enterprise (MSME)- 5 Things to know

Finance - Article explains What is Micro small and medium Enterprise, Who regulate Micro small and medium Enterprise, What are Micro, Small & Medium Enterprises, How to get registered under MSME registration and What are the benefits of getting registered under MSME?...

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MSME Samadhaan portal integrated with IU of NESL to help MSEs

Finance - For the convenience of Micro & Small Enterprises (MSEs), we have now integrated the `MSME Samadhaan’ portal with the `Information Utility (IU)’ of National e-Governance Services Ltd. (NeSL) enabling following steps....

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Amendments approved in interest subvention scheme for MSMEs

Finance - 1. Settlement of claims based on internal / concurrent auditor certificate and submission of  statutory auditor’s certificate once by June 30, 2020; 2. Acceptance of claims in multiple lots for a given half year by eligible institutions;...

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Several measures taken to ensure timely payments to MSMEs

Finance - Union Government is aware that MSMEs are facing challenges in getting due payments on time from large corporations. In order to ensure timely payments and to prevent their accounts from being treated as Non-Performing Assets (NPAs), Government has taken following steps:...

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Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME

Finance - Press Information Bureau Government of India Ministry of Finance 23-July-2019 17:45 IST Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin 59 minutes.com portal have been accorded in principle approval since the launch of the portal. ...

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How to file Online Udyog Aadhaar Form

Finance - 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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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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RBI permits One-time restructuring of MSME advances as ‘standard’

RBI/2019-20/160 DOR.No.BP.BC.34/21.04.048/2019-20 - (11/02/2020) - It has been decided to extend the one-time restructuring of MSME advances permitted in terms of the aforesaid circular. Accordingly, a one-time restructuring of existing loans to MSMEs classified as 'standard' without a downgrade in the asset classification is permitted, subject to the following con...

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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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Recent Posts in "MSMED Act"

9 Reasons Why SMEs Must Seek Listing on Stock Exchanges

Benefits of Listing on stock Exchange to companies and investors. Stock exchanges permit businesses access to capital and the chance to boost their reflectivity and public image. Knowledgeable businesses can harness the control of stock exchanges to develop and heighten their companies....

Read More
Posted Under: Corporate Law |

RBI permits One-time restructuring of MSME advances as ‘standard’

RBI/2019-20/160 DOR.No.BP.BC.34/21.04.048/2019-20 (11/02/2020)

It has been decided to extend the one-time restructuring of MSME advances permitted in terms of the aforesaid circular. Accordingly, a one-time restructuring of existing loans to MSMEs classified as 'standard' without a downgrade in the asset classification is permitted, subject to the following conditions:...

Read More

Credit & Financial Facilities to MSMEs

Credit & Financial Facilities to MSMEs (Micro, Small & Medium Enterprises) MSME sector has been recognised as a very important sector of the Indian Economy. MSMEs play a major role in industrialization of rural & backward areas and also play a crucial role in providing large employment opportunities. Ministry of Micro, Small &...

Read More
Posted Under: Corporate Law |

MSME Samadhaan portal integrated with IU of NESL to help MSEs

For the convenience of Micro & Small Enterprises (MSEs), we have now integrated the `MSME Samadhaan’ portal with the `Information Utility (IU)’ of National e-Governance Services Ltd. (NeSL) enabling following steps....

Read More
Posted Under: Corporate Law |

Requirement to File MSME Form -1

Article explains Definition of MSME As per MSME Development (MSMED) Act, 2006, Applicability of MSME Form 1 to Companies registered under Companies Law, Compliance related Half Yearly Submission of MSME Form 1 and  Penalty under section 405(4) of the Companies Act 2013 for delay in filing of MSME Form 1. As per MCA Notification S.O. [&he...

Read More
Posted Under: Corporate Law |

Micro, Small and Medium Enterprises (MSME) Registration

MSME stands for Micro, Small and Medium Enterprises. Article explains What are Micro, Small and Medium Enterprise, MSME Registration Process, Benefits of MSME Registration, Time Taken for MSME Registration, Validity of MSME Registration, Time for Updating MSME Registration and also contains FAQ’s on MSME Registration. What are Micro, Sm...

Read More
Posted Under: Corporate Law |

Amendments approved in interest subvention scheme for MSMEs

1. Settlement of claims based on internal / concurrent auditor certificate and submission of  statutory auditor’s certificate once by June 30, 2020; 2. Acceptance of claims in multiple lots for a given half year by eligible institutions;...

Read More
Posted Under: Corporate Law |

Several measures taken to ensure timely payments to MSMEs

Union Government is aware that MSMEs are facing challenges in getting due payments on time from large corporations. In order to ensure timely payments and to prevent their accounts from being treated as Non-Performing Assets (NPAs), Government has taken following steps:...

Read More
Posted Under: Corporate Law |

Micro small and medium Enterprise (MSME)- 5 Things to know

Article explains What is Micro small and medium Enterprise, Who regulate Micro small and medium Enterprise, What are Micro, Small & Medium Enterprises, How to get registered under MSME registration and What are the benefits of getting registered under MSME?...

Read More
Posted Under: Corporate Law |

General Provisions for MSME Sector under GST

With the government's commitment to strengthen MSME's on all fronts including GST, it is expected that the current challenges would be stabilized and the industry gradually take a positive turn to fulfill the nation's vision....

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Posted Under: Corporate Law |

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