Finance : Discover the crucial role of MSMEs in India's economic development, from classification to registration and benefits. Learn how MS...
Company Law : Understand Form MSME-1 filing requirements and penalties under the MSMED Act. Learn about deadlines, required information, and com...
CA, CS, CMA : Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download edi...
Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...
Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...
Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...
Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...
Corporate Law : This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering...
Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...
Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...
Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...
Corporate Law : Explore Allahabad High Court's judgment on predeposit under Section 19 of MSMED Act in the case of Docket Care Systems Vs. Hariwil...
Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...
Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...
Income Tax : Delhi High Court held that in respect of Special Audit remuneration under section 142(2D) of the Income Tax Act invocation of prov...
Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...
Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...
Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...
Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...
Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...
Both the Micro, Small, and Medium Enterprises Development Act 2006 (MSMED Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI Act) contain non-obstante clauses and often cause confusion with respect to their applicability.
A start-up is formed to bring a novel company idea to life. The new idea is intended for commercial use. The company is established in the market, and then substantial considerations are devoted to earnings. Small and medium-sized enterprises (SMEs) are for profit only.
Learn about the vendor assessment process on the GeM portal, its benefits for sellers, and the necessary documents required for assessment. Professional Utilities offers expert services for GeM vendor assessment.
Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 outlines provisions for Delayed Payment to Micro and Small Enterprises (MSEs) under sections 15 to 24. The Act mandates the establishment of Micro and Small Enterprise Facilitation Councils (MSEFCs) by state governments to mediate disputes relating to delayed payments (Sections 20 and 21).
Explore the pivotal role of MSMEs & Startups in driving India’s economic growth. Learn about their contribution, significance, government initiatives, and the impact of Budget 2023 on their development. Uncover the symbiotic relationship between the economy and these dynamic businesses, fostering job creation, innovation, and sustainable practices.
NCLAT Chennai held that as the Application for MSME certificate was made after the commencement of CIRP, such unauthorized Application cannot be considered and cannot tide over ineligibility under Section 29-A of the Insolvency and Bankruptcy Code, 2016.
RBI announced enhancements to Trade Receivables Discounting System (TReDS), aiming to alleviate liquidity constraints for MSMEs.
Explore the implications of the Finance Act 2023 amendment under Section 43B of the Income Tax Act, affecting deductions for payments to MSMEs. Learn the impact on tax planning and compliance.
Explore MSME compliances and implications under the Income Tax Act. Learn about the advantages of MSME registration, revised definitions, and compliance steps. Ensure timely payments to MSME units to avoid interest penalties. Stay informed about the latest changes in the MSME sector for a thriving business.
All companies that default or make delayed payments to their micro and small enterprise suppliers are obligated to file Form MSME-1. This form serves as an intimation to the Registrar of Companies regarding the payment default. However, medium enterprises are exempted from this requirement.
