Company Law : Recent ROC orders confirm that failure to file MSME Form 1 is no longer treated as a minor lapse. Non-filing leads to adjudication...
Company Law : The case clarifies that MSME-1 filing is triggered when payments to MSME suppliers exceed the 45-day limit. It emphasizes that eve...
Company Law : Companies that settle all MSME dues within 45 days are not required to file MSME Form 1 under original provisions. The rule focuse...
Corporate Law : Businesses often face loan rejections due to poor credit profiles despite strong operations. The article explains how credit repai...
Corporate Law : NSIC registration allows eligible MSMEs to access government tenders without paying EMD and tender fees, strengthening procurement...
Corporate Law : A new digital credit model for MSMEs leverages data from sources like GST and ITRs for faster loan approvals, reducing paperwork a...
Company Law : Indian government outlines measures against companies not paying MSME dues, including mandatory reporting, penalties, SAMADHAAN po...
Goods and Services Tax : Govt introduces GST reforms to simplify compliance for MSMEs, including higher turnover limits, quarterly returns, and digital pay...
Corporate Law : Union Budget 2025-26 enhances MSME investment and turnover limits, increases credit guarantees, introduces new schemes for women a...
Finance : The Government outlines criteria and steps to improve MSME loan access, including collateral requirements, schemes, and credit fac...
Income Tax : The ITAT held that reversal of MSMED Act interest cannot be taxed if the provision was never claimed as a deduction. The matter wa...
Custom Duty : Delhi High Court orders release of a startup's goods held by Customs, citing an inexplicable delay and directing a review of polic...
Corporate Law : Supreme Court held that Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises does require MSME to notif...
Corporate Law : Kerala HC holds that a retail plywood importer cannot claim delayed BIS compliance under QCO 2024, as MSME benefits are limited to...
Corporate Law : Supreme Court rules Limitation Act applies to MSMED arbitration but not conciliation, clarifying recovery of time-barred debts und...
Company Law : Repeated delays in filing MSME returns resulted in penalties reaching the statutory cap. The decision highlights strict enforcemen...
Company Law : MSME-1 filings delayed by over two years attracted the highest statutory penalties. The ruling signals strict enforcement where no...
DGFT : The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capi...
Corporate Law : The Ministry of MSME mandates that all new delayed payment cases under the MSMED Act must be filed on the new MSME ODR Portal star...
Corporate Law : Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MS...
“Everything is created twice, first in the mind and then in reality” The fact that almost 65% of the country’s population comprises young age particularly under the age of 35 years, It has gained the status of a young nation in the world. While the more working eligible population, the more the unemployment problems are, […]
The fact that almost 65% of the country’s population comprises of young age particularly under age of 35 years is reason that our country has gain status of young nations in the world. Although it is true that the more the working eligibile population , the more the unemployment problems are, but if are to name one sector that is immensely contributing to resolve such issues, is the Micro, Small and Medium Enterprises sector
Being repsonsible for contributing the expansion of entrepreneural endeavours the Micro, Small and Medium Enterprises sector (hereinafter MSME) has been widening its domain across country.
Importance of MSME In 2006, a policy to address the issues affecting the MSME’s was introduced in the name of Micro Small and Medium Enterprises Development (MSMED) Act. The Act is the first-ever legal framework for the recognition of the enterprises. MSMEs sector has emerged as a dynamic sector and backbone of Indian economy It […]
Explore how the recent policy update impacts MSMEs and traders regarding delayed payment benefits under the MSMED Act, 2006. Insights for businesses.
(1) This order may be called the Public Procurement Policy for Micro and Small Enterprises (MSEs) Amendment Order, 2021. (2) This order shall come into force on the date of its publication in the Official Gazette.
Sub-section 3 of Section 18 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides that where the conciliation fails under the provisions of the Act, the Micro & Small Enterprises Facilitation Council (MSEFC) shall either itself take up the dispute for arbitration or refer it to any institution or centre providing alternate dispute resolution services for such arbitration.
Government has taken a number initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic
Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in plant and machinery or equipment and turnover of the enterprise. With the introduction of new classification of MSMEs w.e.f. 01.07.2020, a new cost – free system of online Udyam Registration which is based on self –declaration, has replaced the erstwhile filing of Udyog Aadhaar Memorandum.
MSME / Udyam Registration Process Register a Micro, Small and Medium Enterprise 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” […]
