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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 6810 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 5160 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 429 Views 0 comment Print


HC allows payment of Pre-Deposit of 75% of Awarded Amount under Section 19 of MSMED Act in Instalments

June 21, 2022 2772 Views 0 comment Print

Yamuna Cables Accessories Pvt. Ltd. Vs Desai Enterprise (Gujarat High Court) Learned advocate Mr. S. P. Majmudar appeared for the petitioner and learned senior advocate Mr. B. S. Patel with learned advocate Mr. Umang Oza appeared for the respondents. 2. By way of the present petition, the petitioner has invoked the jurisdiction of this Court […]

MSMED Act is a special legislation and has an overriding effect,

June 21, 2022 2787 Views 0 comment Print

NBCC (India) Ltd. Vs State of West Bengal (Calcutta High Court) MSMED Act is a special legislation and has an overriding effect, the parties governed by it are bound to follow the mechanism provided under Section 18 of the Act. It was further reiterated in Mackintosh Burn Limited v. Micro and Small Enterprises Facilitation Council […]

All About MSMEs – Micro, Small and Medium Enterprises

June 19, 2022 3465 Views 0 comment Print

Discover everything you need to know about MSMEs – Micro, Small and Medium Enterprises. Learn about their contribution to the economy and their impact on employment.

MSME Council Finding on its Jurisdiction is Not an Interim Award

June 17, 2022 2067 Views 0 comment Print

Board of Trustees for Syama Prasad Mookerjee Port Vs Marinecraft Engineers Private Limited (Calcutta High Court) The disputes between the parties pertain to the deductions made by the petitioner under diverse heads from the moneys which were due and payable to the respondent. The respondent being a unit entitled to the benefits of the Micro […]

Is Factory License mandatory for MSME sector?

June 11, 2022 9237 Views 0 comment Print

Understand the intricacies of Factory License requirements for the MSME sector. Discover the thresholds for the number of workers and manufacturing processes. Uncover exemptions for small-scale industries based on specific product categories. Stay informed to ensure compliance.

New Guidelines for Promotion of MSMEs in North East and Sikkim 

June 3, 2022 648 Views 0 comment Print

Central Government has approved New Guidelines of Central Sector Scheme Promotion of MSMEs in North Eastern Region and Sikkim.

Section 8 companies cannot change objects to include Micro Finance/Credit

May 30, 2022 4074 Views 0 comment Print

Micro Finance/Micro Credit as an object in Object Clause of Memorandum of Association (MoA) of Section 8 companies not allowed

New Guidelines of MSE-CDP approved

May 29, 2022 873 Views 0 comment Print

Government has approved New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP), which will be implemented during 15th Finance Commission Cycle(2021-22 to 2025-26).

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

May 24, 2022 1830 Views 0 comment Print

MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 24th May, 2022 G.S.R. 389(E).—In exercise of the powers conferred by clause (c) of sub-section (2) of section 29 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government hereby makes the following rules further to amend the […]

New Definition of Micro, Small & Medium Enterprises – Clarification

May 19, 2022 4914 Views 0 comment Print

Reserve Bank of India RBI/2022-23/52 FIDD.MSME & NFS.BC.No.7/06.02.31/2022-23 May 19, 2022 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks /All-India Financial Institutions/ All Non-Banking Financial Companies Dear Sir/Madam, New Definition of Micro, […]

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