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MSMED Act

Latest Articles


Role of MSMEs in Economic Development

Finance : Discover the crucial role of MSMEs in India's economic development, from classification to registration and benefits. Learn how MS...

July 10, 2024 465 Views 0 comment Print

Filing of Form MSME-1

Company Law : Understand Form MSME-1 filing requirements and penalties under the MSMED Act. Learn about deadlines, required information, and com...

June 27, 2024 1122 Views 0 comment Print

Audit Manual for Small & Medium Enterprises (SME) for Financial Year 2023-24

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...

June 13, 2024 6813 Views 0 comment Print

Understanding the Amendment to Section 43B of Income Tax Act for MSMEs

Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...

June 12, 2024 1224 Views 2 comments Print

Section 43B(h): Allowability of Payments to MSMEs beyond statutory timeline

Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...

May 28, 2024 2619 Views 1 comment Print


Latest News


Representation against Proposed Amendment In Section 43B of Income Tax

Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...

June 11, 2024 5010 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

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 ...

May 10, 2024 10188 Views 1 comment Print

Live Webinar: How can MSME recover payment without going to court

Corporate Law : This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering...

March 29, 2024 15522 Views 0 comment Print

4 Crore Enterprises Registered: Milestone for MSME Formalization

Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...

March 16, 2024 264 Views 0 comment Print

Registrations of Micro Enterprises on Udyam Assist Platform cross 1.50 crore

Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...

March 5, 2024 477 Views 0 comment Print


Latest Judiciary


SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...

May 8, 2024 11514 Views 0 comment Print

Dispute over Section 19 Pre-deposit in MSME Act: HC dismisses Commercial Court’s Order

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...

April 26, 2024 525 Views 0 comment Print

Crown’s preferential right of recovery of debts does not extend to secured creditors

Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...

January 28, 2024 837 Views 0 comment Print

Calcutta HC: Pre-Deposit Required for Section 34 Arbitration Act Applications under Section 19 MSME Act

Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...

August 8, 2023 1059 Views 0 comment Print

Invocation of MSMED provisions in respect of Income Tax special audit remuneration is untenable

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...

July 12, 2023 549 Views 0 comment Print


Latest Notifications


MSME Form-1 amended: Companies to Report MSEs Overdue Payment

Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...

July 15, 2024 5181 Views 0 comment Print

Corrigendum to Income Tax Notification No. 27 of 2024

Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...

March 19, 2024 4632 Views 0 comment Print

Air Cooler and Air Filters (Quality Control) Order, 2023

Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...

March 5, 2024 318 Views 0 comment Print

Potable Water Bottles (Quality Control) Order, 2024

Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...

March 5, 2024 450 Views 0 comment Print

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2024

Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...

March 5, 2024 432 Views 0 comment Print


MSME benefit after upward change in investment in machinery or turnover or both?

October 18, 2022 3102 Views 0 comment Print

In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category (micro or small or medium) it was in before the re-classification, for a period of three years from the date of such upward change.”

MSME ऋण में स्टाम्प ड्यूटी में बड़ी छूट – 25 लाख तक के लोन पर मोर्टगेज ड्यूटी सिर्फ 500 रुपये

October 12, 2022 4107 Views 0 comment Print

मध्यप्रदेश | सूक्ष्म एवं लघु एवं मध्यम उद्योग (MSME) भारत की अर्थव्यवस्था की रीढ़ माने जाते हैं | पिछले कुछ वर्षों में केंद्र सरकार द्वारा  मेक इन इंडिया , स्टैंड अप इंडिया मुद्रा , वोकल फॉर लोकल आदि योजनाओं के माध्यम से MSME उद्यम क्षेत्र में नई ऊर्जा भरने के  प्रयास किये जा रहे हैं […]

75% deposit as pre-condition for admission of appeal under MSMED Act not complied- Writ Not Maintainable

September 22, 2022 1866 Views 0 comment Print

Chemflo Industries Pvt. Ltd. Vs KMC Construction Ltd. and another (Orissa High Court) Petitioner submits, impugned is order dated 13th March, 2015 passed on the interlocutory application of his client made in arbitration petition (ARBP no. 122 of 2013), of purported challenge of opposite parties to award dated 29th January, 2011. He submits, by the […]

Arbitration Application Maintainable Despite Pendency of Reference before MSME Council

September 6, 2022 933 Views 0 comment Print

HC held that merely because one party, has approached before MSME Council, Arbitration application cannot be held to be not maintainable

Court Can Extend Mandate of Arbitrator in Dispute Referred to Arbitration under MSME Act

August 5, 2022 3429 Views 0 comment Print

Magirsha Industries Vs Gujarat State Fertilizer And Chemicals Limited (Gujarat High Court) Issue relating to power of this Court to extend the mandate, insofar as the references made by MSME is seriously disputed by respondent counsel. Having regard to the fact that sub-section (3) of section 18 of MSME Act, 2006 that the provision of […]

Delayed payment to MSMEs – MCA introduced MSME Form-1

August 4, 2022 306 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 2374 ANSWERED ON MONDAY, August 1, 2022/ Sravana 10, 1944 (SAKA) COMPLIANCE OF MCA RULES QUESTION 2374. SHRI D.M. KATHIR ANAND: SHRI ANURAG SHARMA: Will the Minister of CORPORATE AFFAIRS be pleased to state: (a) whether the Government has received any complaints from […]

Application for appointment of arbitrator maintainable despite application to MSME Facilitation Council

August 3, 2022 588 Views 0 comment Print

National Collateral Management Services Limited Vs Maa Diwri Rice Mill Pvt. Ltd (Jharkhand High Court) The question which has been raised by the learned counsel for the respondent that the similar issue is pending adjudication before the Council constituted under the MSME Act, 2006, therefore, the instant application is not maintainable. This Court, is not […]

Scheme Launched by Government for MSMEs

July 27, 2022 456 Views 0 comment Print

Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP).  The scheme aims at strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships and improving access of MSMEs to market and credit, technology upgradation and addressing issues of delayed payments and greening of […]

Dream of Many SME – IPO Listing

July 9, 2022 612 Views 0 comment Print

Discover the benefits of IPO listing for SMEs: increased visibility, higher credibility, equity financing opportunities, and more.

Recovery of Bad Debts/Receivables under MSME ACT

June 23, 2022 2304 Views 0 comment Print

Discover how the MSME Act enables the recovery of bad debts/receivables, providing a solution for businesses affected by cash crunch.

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