MSMED Act

NSIC_Single Point Registration

Corporate Law - In this article author (Ajay Sharma) has tried to throw some light on the benefits and procedure to be followed while applying single point registration (NSIC Registration) in a brief manner: The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registrations. NSIC (National Small Industries ...

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MSME FORM I – October 2021 – March 2022 – Due Date 30th April

Corporate Law - MSME FORM I For the period of October 2021 –March 2022 MSME FORM-I is required to be filed pursuant to Order dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013 and which are reproduced for your reference: Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order,...

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MSME / UDYAM Registration Process

Corporate Law - Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates, or proof. On registration, an enterprise (referred to as ‘Udyam’ in the Udyam Registration portal)...

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All about filing of eForm MSME FORM I

Corporate Law - eForm MSME FORM I – Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises. Part I – Law(s) Governing the eForm MSME FORM I Section and Rule Number(s) eForm MSME FORM-I is required to be filed pursuant to Order dated 22 January, 2019 issued under […]...

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TReDS: Technology-driven alternative funding platform for MSMEs

Corporate Law - To address the financing related issues faced by MSMEs in India, RBI in 2014 introduced the concept of TReDS, a mechanism of trade receivables financing for MSMEs on a secure digital platform....

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Govt launches MSME Sustainable (ZED) Certification Scheme

Corporate Law - Shri Narayan Rane launches MSME Sustainable (ZED) Certification Scheme, interacts with Principal Secretaries of States/UTs on synergizing efforts, developing focused approach to prepare MSME ecosystem for the future. Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane  today launched the MSME Sustainable (ZED) Certif...

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माइनिंग सेक्टर पर RCM टेक्स की डिमांड के सम्बन्ध में राहत दिलवाने के लिए प्रार्थना पत्र

Corporate Law - उपरोक्त विषय में निवेदन है कि इस समय माइनिंग इंडस्ट्री पर RCM = REVERSE CHARGE MECHNISM, जो कि उनके द्वारा राज्य सरकार को भुगतान की गई रॉयल्टी से सम्...

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Share of MSMEs in exports to Russia and Ukraine

Corporate Law - The share of Micro, Small and Medium Enterprises (MSMEs) export to Russia and Ukraine during the last three years is as follows: Value in USD Million India’s Export   2018-19 2019-20 2020-21 Value Value Value Selected commodities (MSMEs) to Russia 1432.53 1819.41 1548.27 Total export to Russia 2389.62 3017.75 2655.84 % Share of MSM...

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Only debtors will be able to initiate proceedings under Special Insolvency Resolution Framework for MSMEs

Corporate Law - Under special insolvency resolution framework for Micro, Small and Medium Enterprises (MSMEs), called the pre-packaged insolvency resolution process (pre-pack), provided in the Insolvency and Bankruptcy Code, 2016 (the Code/IBC), only eligible corporate debtors (CDs) may file applications for resolution under this framework....

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Access to Working Capital for MSMEs

Corporate Law - The Government has taken a number of initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, including access to working capital. These include the following: i. Prime Minister’s Employment Generation Programme (PMEGP) – maximum p...

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On termination of conciliation under MSMED Act the dispute between the parties can be resolved by arbitration- SC

Jharkhand Urja Vikas Nigam Limited Vs State of Rajasthan & Ors. (Supreme Court of India) - In the instant case, MSME Council had passed an impugned order directing the appellant to make payment to the respondent without giving sufficient opportunity to the appellant to participate in the arbitration proceeding. If the appellant had not submitted its reply at the conciliation stage, or fai...

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Limitation Act, 1963 applicable to arbitration proceedings U/s. 18(3) of MSMED Act, 2006

Silpi Industries etc. Vs Kerala State Road Transport Corporation and Anr. etc. (Supreme Court of India) - When the settlement with regard to a dispute between the parties was not arrived at under Section 18 of MSMED Act, 2006, necessarily, the Micro and Small Enterprises Facilitation Council should take up the dispute for arbitration under Section 18(3) of the 2006 Act or it might refer to institution o...

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HC directs MSME Facilitation council to decide if council is empowered to act as an Arbitrator

Sanganer 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...

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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?...

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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?...

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Extension of validity of Udyog Aadhaar

Notification No. S.O. 2134(E) - (06/05/2022) - The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification No. S.O. 2119(E) dated 26th June, 2020. Consequently, the existing MSME registered enterprises were required to migrate from Udyog to Udyam from 1st July, 2020 onwards. H...

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EM Part II & Udyog Aadhaar Memorandum of MSMEs obtained till 30.06.2020 shall remain valid till 31.03.2022

Notification No. RBI/2021-2022/161 FIDD. MSME & NFS.BC.No.16/06.02.31/2021-22 - (18/02/2022) - The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall remain valid till March 31, 2022...

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Govt. extends validity of existing MSMEs registration upto March 31, 2022

Notification No. S.O. 278(E) - (19/01/2022) - Govt. amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States that the existing enterprises (MSMEs) registered prior to June 30, 2020, shall continue to be valid for a period up to March 31, 2022 (earlier, March 31, 2021): Ministry o...

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Micro, Small and Medium Enterprises (Amendment) Rules, 2022

Notification No. G.S.R. 29(E). - (19/01/2022) - Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium enterprise and shall file the memorandum under sub-section (1) of section 8 of the Act; (b) the fund shall be mandatorily utilised for the project or scheme or activity for...

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Khadi and Village Industries Commission Employees (Classification, Control and Appeal) (Amendment) Regulation, 2021

Notification No. G.S.R. 878 (E). - (13/12/2021) - These Regulations may be called the Khadi and Village Industries Commission Employees (Classification, Control and Appeal) (Amendment) Regulation, 2021....

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MSMED Act’s Popular Posts

Recent Posts in "MSMED Act"

Extension of validity of Udyog Aadhaar

Notification No. S.O. 2134(E) 06/05/2022

The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification No. S.O. 2119(E) dated 26th June, 2020. Consequently, the existing MSME registered enterprises were required to migrate from Udyog to Udyam from 1st July, 2020 onwards. However, the existing enterprises registe...

Read More

NSIC_Single Point Registration

In this article author (Ajay Sharma) has tried to throw some light on the benefits and procedure to be followed while applying single point registration (NSIC Registration) in a brief manner: The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registrations. NSIC (National Small Industries ...

Read More
Posted Under: Corporate Law |

Govt launches MSME Sustainable (ZED) Certification Scheme

Shri Narayan Rane launches MSME Sustainable (ZED) Certification Scheme, interacts with Principal Secretaries of States/UTs on synergizing efforts, developing focused approach to prepare MSME ecosystem for the future. Union Minister for Micro, Small and Medium Enterprises Shri Narayan Rane  today launched the MSME Sustainable (ZED) Certif...

Read More
Posted Under: Corporate Law |

MSME FORM I – October 2021 – March 2022 – Due Date 30th April

MSME FORM I For the period of October 2021 –March 2022 MSME FORM-I is required to be filed pursuant to Order dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013 and which are reproduced for your reference: Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order,...

Read More
Posted Under: Corporate Law |

माइनिंग सेक्टर पर RCM टेक्स की डिमांड के सम्बन्ध में राहत दिलवाने के लिए प्रार्थना पत्र

उपरोक्त विषय में निवेदन है कि इस समय माइनिंग इंडस्ट्री पर RCM = REVERSE CHARGE MECHNISM, जो कि उनके द्वारा राज्य सरकार को भुगतान की गई रॉयल्टी से सम्...

Read More
Posted Under: Corporate Law | ,

Share of MSMEs in exports to Russia and Ukraine

The share of Micro, Small and Medium Enterprises (MSMEs) export to Russia and Ukraine during the last three years is as follows: Value in USD Million India’s Export   2018-19 2019-20 2020-21 Value Value Value Selected commodities (MSMEs) to Russia 1432.53 1819.41 1548.27 Total export to Russia 2389.62 3017.75 2655.84 % Share of MSM...

Read More
Posted Under: Corporate Law |

Only debtors will be able to initiate proceedings under Special Insolvency Resolution Framework for MSMEs

Under special insolvency resolution framework for Micro, Small and Medium Enterprises (MSMEs), called the pre-packaged insolvency resolution process (pre-pack), provided in the Insolvency and Bankruptcy Code, 2016 (the Code/IBC), only eligible corporate debtors (CDs) may file applications for resolution under this framework....

Read More
Posted Under: Corporate Law |

Access to Working Capital for MSMEs

The Government has taken a number of initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, including access to working capital. These include the following: i. Prime Minister’s Employment Generation Programme (PMEGP) – maximum p...

Read More
Posted Under: Corporate Law |

₹ 20K cr Subordinate Debt scheme for MSMEs extended till March 31.03.2023

In order to keep the avenues of assistance to stressed MSME Units open Government has decided to further extend ‘Credit Guarantee Scheme for Subordinate Debt till 31.03.2023....

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Posted Under: Corporate Law |

On termination of conciliation under MSMED Act the dispute between the parties can be resolved by arbitration- SC

Jharkhand Urja Vikas Nigam Limited Vs State of Rajasthan & Ors. (Supreme Court of India)

In the instant case, MSME Council had passed an impugned order directing the appellant to make payment to the respondent without giving sufficient opportunity to the appellant to participate in the arbitration proceeding. If the appellant had not submitted its reply at the conciliation stage, or failed to appear, Council could, at best, h...

Read More

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